B.COM.

(H) I Semester – PRACTICAL EXAM: 2020

Paper-1.2 Part: Computerized Accounts
Max. Marks: 20
University Roll No: _____________________ Name of the Student: __________________________

Instructions for Practical:

• You need to create company and do all the transactions, with given details.
• Duration for your practical is one hour, however considering remote situations of students 20
minutes extra given for uploading the documents.
• If any candidate not able to submit the practical within this time or submit later than that, due
to any technical glitch. He / She must attach documented proof (e.g., Screenshot of
mishappening) with given requirements.
• Even this further extended technical window will be for 20 minutes, after that under no
conditions you will be able to submit your paper.
• You need to upload required documents (Screenshots, Documents etc.) on google form.
• Marks will not be Disclosed to you, but you will receive Acknowledgement mail on your
personal mail id.

The company details are as follows;

i. Name- Your Roll Number.
ii. Address: Your Address, Your Phone & Mobile No.
iii. Income tax number: AQXXX1546L
iv. Email Id: [email protected]
v. Currency Symbol: Rs.
Enter the following transactions of the Company in Tally ERP 9 and show various reports
➢ All purchase and sales transactions of goods, Payment to creditors, and receipt from debtors are
done through Axis Bank
➢ Any other payment and receipt are done through Bandhan Bank or cash
Balance Sheet as at 31-3-2020
Liabilities Amount Assets Amount
Capital 1050000 Land and Buildings 500000
Reserves 450000 Plant and Machinery 270000
Profit and Loss Account 350000 Furniture 250000
Secured loan 500000 Investment 80000
Debentures 300000 Stock 1395450
Loan from Relatives 465000 Debtors 298100
Provision for tax 270000 Bills Receivables 53000
Bills Payable 70350 Axis Bank 600000
Sundry Creditors 322300 Bandhan Bank 390000
Salaries outstanding 45000 Cash in Hand 31500
Rent outstanding 55000 Prepaid insurance 9600
3877650 3877650
➢ The company deals in the following stocks:
Name of the Items Group Quantity Rate (Rs) Opening Stock Value
Digital Watches 110 pcs. 350 38500
Analog Watches 126 pcs. 1200 151200
Sports Watches 190 pcs. 550 104500
 Luxury Watches 40 pcs. 15750 630000
Sunglasses Eyeglasses 100 pcs. 1725 172500
Computer Glasses Eyeglasses 250 pcs. 1195 298750
Total 1395450
➢ The list of company debtors and creditors is as follows:
Debtors Balance Due Creditors Balance payable
Ankit 25000 Harshita 89500
Nihar 89000 Vanshika 65900
Komal 20500 Ratika 67800
Sachin 65000 Ketan 44500
Vinay 98600 Shakti 54600
Total 298100 Total 322300

Record the following transactions that took place during the April to March , 2021.

S.No. Transaction Item Quantity Amount

1 Purchase from Lakshita Digital Watches 40 16000
2 Sale to Ankit Sunglasses 40 80000
3 Paid money to Lakshita in full settlement for 14800
the transaction at sr. no. 1 above
4 Received from Ankit in full settlement of his 100000
account
5 Sales to Nihar Luxury Watches 15 450000
6 Sales to Sachin (Trade discount 7.5% on list Analog Watches 50 Pc. List price 2500.
price)
7 Purchase from Ratika Computer 20 22000
Glasses
8 Purchased Car for Delivery Business Purpose 200000
on 01/10/2020.
9 Sold all the investment 2,35,000
10 Payment of office Expenses with cash out of 16500
which 5000 is for upcoming year.
11 Payment
1. Outstanding Salaries 25000
2. Insurance Expenses 5000
3. Current Salaries 45000
4. Rent (including outstanding) 80000
5. Tax of last year 115000
12 Outstanding
1. Total Salaries 40000
2. Total Provision for Tax 235000
3. Total rent outstanding 30000
4. Total Prepaid insurance 500
1. Charge Depreciation for the period 1/4/2020 to 31/3/2021 on furniture @ 20% p.a., Machinery
@ 10% p.a. and Car at 15 % p.a.
You are required to:-
1. Create a company as per details given above
2. Create appropriate groups and Ledger Accounts.
3. Enter the transactions as given selecting appropriate voucher type.
4. Upload the following statements
a. Screenshot Trial Balance as on 31/3/2021
b. Profit and Loss Account in pdf format for the period of 2020-21
c. Excel sheet of Balance Sheet as on 31/03/2021
d. Screenshot of Stock Summary as on 31/03/2021.