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Tally Practical Question

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647 views2 pages

Tally Practical Question

Uploaded by

ayushanand200627
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Tally Prac cal Ques on

(With Inventory Transac on + Mul ple GST)

The company details are as follows:


• Name: Your Name + Roll No.+ Sec on,
• Address: Your Address, Phone & Mobile No. and Email id,
• GST Registra on: Regular
• GSTN No.: 07AAACD3004G1ZB
Balance Sheet as at 01.04.2024

Liabili es Amount Assets Amount


Capital 11,00,000 Land and building 6,00,000
Reserve 3,00,000 Plant and Machinery 2,00,000
Profit and loss A/c 3,00,000 Furniture 3,00,000
Salary outstanding 95,000 Investment 1,00,000
Sundry Creditors* 2,24,600 Stock* 15,59,800
Loan from Axis Bank 12,00,000 Debtors* 2,62,000
Secured loan for building 3,50,000 Bills Receivables 55,000
Bills Payable 1,20,000 Prepaid insurance 7800
State bank of india 5,80,000
Cash-in-Hand 25,000
36,89,600 36,89,600

The Company Deals in the following Stock:

Name of the items Group Rate of GST Quan ty Rate Opening Stock Value
Iron Bajaj 18% 50 pcs. 400 20000
Juicer & Mixture Bajaj 18% 125 pcs. 1000 125000
Hair Dryer Bajaj 18% 108 pcs. 600 64800
LED Light Philips 18% 400 pcs. 1500 600000
Study Light Philips 18% 100 pcs. 2000 200000
Steam Iron Philips 18% 500 pcs. 1100 550000
Total 1559800
The list of Debtors and Creditors is as given below:

Debtors Balance due Creditors Balance Payable


Aman 45,000 Sheetal 25,000
Prateek 89,000 Punita 30,500
Mohan 52,000 Kavita 67,500
Shyam 30,000 Kusum 42,600
Praveen 46,000 Siya 59,000
Total 2,62,000 Total 2,24,600

Record the following Transac on that took place during the April, 2024 to March 2025

S.NO Transac on
1. Purchase from Sheetal 20 Bajaj Irons @ Rs. 500 each, a supplier from Delhi
2. Sale to Shyam 150 LED lights @ Rs. 2,500 each, a customer at Delhi
3. Paid money to Sheetal in full se lement for the transac on No. 1 above Rs. 10,500
4. Shyam Returned 5 LED light out of the lot transacted at SI. No. 2
5. Rec. from Shyam Rs. 4,26,000 in full se lement for the transac on No. 2 above
6. Paid to Punita in full se lement of her account Rs. 30,500
7. Sold to Mohan 25 Bajaj Iron @800 and the payment Rec. in Cash
8. Sold to Ganesh of Maharashtra (27AAUFM1756H1ZT) 300 Steam Irons @ 1500
each.
9 Cash Purchase from Siya of Jaipur (08AAACC1206D1ZG) 15 pcs. Of Hair Dryer
@800 each payment made by issuing cheque of State bank of india.
10 Sale to Prateek of Delhi 100 pcs. Of LED Lights @ Rs. 1700 each
11. Paid wages in Cash Rs. 15,000
12. Sold Investment for Rs. 1,20,000
13. Paid the following:
(a) Salary for the year 2023-2024 Rs. 20,000
(b) Electricity Rs. 10,000
(c) Telephone Rs. 5,000
(d) Insurance Premium Rs. 50,000

14. Charge Deprecia on on opening Balance of Furniture @ 5% p.a. and of Plant and
Machinery @ 30% p.a.
15. Prepaid Insurance in the opening sheet belongs to the year 2024-2025
16. Paid GST due for the year

You are Required to :


1. Enter the following transac ons of the Company in Tally.
2. Create appropriate groups and ledgers Accounts
3. Enter the transac on as given selec ng appropriate Voucher Type.
4. Generate Reports of Day Book, Balance Sheet, P & L A/c in detailed form of the company
(In pdf) in a Folder on Desktop Screen (Folder name should be your College Roll No.)

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