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Exam 2023

The document outlines the practical examination requirements for B.Com. (Hons.) students at the University of Delhi, focusing on creating a company in Tally Prime with specific details and transactions. It includes a balance sheet, stock details, and a series of transactions to be recorded for the financial year 2022-2023. Students are instructed to export various financial reports in PDF format by the end of the examination.

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46 views3 pages

Exam 2023

The document outlines the practical examination requirements for B.Com. (Hons.) students at the University of Delhi, focusing on creating a company in Tally Prime with specific details and transactions. It includes a balance sheet, stock details, and a series of transactions to be recorded for the financial year 2022-2023. Students are instructed to export various financial reports in PDF format by the end of the examination.

Uploaded by

tulipdahiya09
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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University of Delhi, Practical Examination 2023

B.Com. (Hons.) – 1st Semester (NEP)


Paper BCH: DSC – 1.3 Financial Accounting (Tally)

QUESTION: Create a Company in Tally Prime with the following details:


i. Company Name: Last four digits of your University Examination Roll No.
ii. Address and Contact: Maurice Nagar, Delhi-110007, Your E-Mail ID & Your Contact Number
iii. Other Details: Currency Symbol: Rs.

Specific Instructions –
• All transactions related to Receipts and Payments have been done through Bank. If bank balance
is insufficient, assume it as bank overdraft, but no separate entry is required for bank overdraft.
• Use arbitrary 8 digits codes for Harmonized System of Nomenclature (HSN) required under GST.
• Inventory is to be valued by the automatic and default method provided in Tally.
• Transactions in respect of final settlement of Input and Output GST are not required.
• Narration is not required while passing voucher entries.

Balance Sheet as at 31-3-2022


(GST: 07AAAAA1111B1ZA)

Liabilities Amount (Rs) Assets Amount (Rs)


Capital 1100000 Land and Buildings 600000
Reserves 300000 Plant and Machinery 200000
Profit and Loss Account 300000 Furniture 300000
Secured loan 100000 Investment 100000
Debentures (Unsecured) 1000000 Stock 1559800
Provision for tax 200000 Debtors 262000
Loan for building 250000 Bills Receivables 55000
Bills Payable 120000 Kotak Mahindra Bank 265000
Sundry Creditors 224600 ICICI Bank 320000
Salaries outstanding 95000 Cash in Hand 20000
Prepaid insurance 7800
3689600 3689600

Details of Stock on 31/03/2022. GST Applicable on all stock items is 12%.

Name of the Items Group Quantity Rate (Rs) Opening Stock Value
Iron Morphy Richards 50 pcs. 400 20000
Juicer & Mixture Morphy Richards 125 pcs. 1000 125000
Hair dryer Morphy Richards 108 pcs. 600 64800
LED Light Syska 400 pcs. 1500 600000
Study Light Syska 100 pcs. 2000 200000
Tube Light Syska 500 pcs. 1100 550000
Total 1559800

➢ The list of company debtors and creditors is as follows:


Debtors Balance Due Creditors Balance payable
Rohan 45000 Priya 25000
R K Gupta 89000 Sakshi 30500
Sohan Lal 52000 Kavita 67500
Ram Lal 30000 Seema Kumar 42600
Lal Chand 46000 Sushila 59000
Total 262000 Total 224600

Record the following transactions that took place during the financial year 2022- 2023. Narrations
are not required.
S.No. Transaction Item Quantity Rate
1 Purchase from Priya from Delhi. This Iron 20 500
amount does not include GST and the
GSTIN of Priya is 07ABCDE1234A1ZA
2 5 items purchased from Priya in transaction
No.1 were returned being defective
3 Sale to Ram Lal from Punjab. This amount Study Light 50 3000
did not include GST and GSTIN of Ram Lal
is 07AAAAA1234A1ZA

4 Ram Lal returned 10 items from transaction


No. 3
5 Paid money to Priya in full settlement for the 6500
transaction at Sr. No. 1 and 2 above
6 Received from Ram Lal Rs118000 in full settlement for the transaction no. 3 and 4 above
7 Paid to Sakshi in full settlement of her account 30000
8 Cash Purchases from Sushila. She is not a Hair Dryer 15 @800
registered supplier
9 Sale to R K Gupta from Delhi. This amount LED Light 100 Pcs. List Price Rs.
did not include GST and GSTIN of R K 1700/- each
Gupta is 07PPPPP1234A1ZB

10 Purchased furniture from a registered supplier on 1st July 2022. The


applicable GST rate is 18%. 50000
11 Withdrew from Kotak Mahindra Bank Rs.10000
12 Purchased Land and Building for Rs500000 from X and paid by raising a secured bank loan.
13 Paid Loan for Building, as given in the Balance Sheet, by issuing debentures.
14 Paid
1. Salaries (including salaries outstanding) 115000
2. Electricity (GST Exempt) 10000
3. Telephone inclusive of GST levied @ 18% 59000
15 Charge Depreciation on furniture @5% p.a. and Plant and
Machinery @ 10% p.a.
Note: Prepaid insurance given in opening balance sheet relates to the year 2022-2023.

Create a folder on your system by the last four digits of your University Examination Roll Number
and Export the following reports as on 31/3/2023 in PDF format in the folder:

(A) Daybook for the financial year 2022- 2023.


(B) Profit & Loss A/c for the financial year 2022-2023.
(C) Balance Sheet as at 31/03/2023.
(D) GSTR- 3B Report for the financial year 2022-2023.

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