TALLY REPORT

RONAK BHANDARI
2013281034166
III B. Com A&F ‘B’
27th July, 2022
Exercise 1:
Gateway of Tally

Tally Shop
Company Creation
Steps for Company Creation:
Step 1: Go to Gateway of Tally.
Step 2: Gateway of Tally > Company Info (Press Alt + F3)
Step 3: In Company Info. > Create Company
Step 4: The Company Creation Screen will be displayed, fill in all the necessary details of the
Company Created.
Step 5: After verifying the details, accept the screen by pressing Enter and again Enter to accept and
save the details (Alternatively, press Alt + A to accept the Company Creation).

Steps for Company Alteration:

Step 1: Gateway of Tally > Company Info (Alt + F3) > Alter
Step 2: In the Company Alteration screen, make the necessary changes.
Step 3: Accept the changes by pressing Enter and again Enter to save the details (Alternatively, press
Alt + A to accept the Company Alteration).

Steps for Company Deletion:

Step 1: Gateway of Tally > Company Info (Alt + F3) > Alter and select the Company to be deleted.
Step 2: In the Company Alteration screen, press Alt + D to delete.
Step 3: Press Enter to confirm the deletion.
Exercise 2:
Create a company and dummy address

Your are required to prepare on cash book and bank book

Particulars AMOUNT
Mahesh Started business- capital acc 2 lakh
Cash purchase- purchase acc 10000
Purchase from Mohan for cash-purchase 20000
Cash sales—sales 20000
Goods sold to john for cash – sales 30000

Salaries --- salaries acc 15000

Commission received 5000
Rent paid 7000
Received from raj 20000
Paid to Rakesh 10000
Deposited into banks 28000
Withdrawn from bank 12000
Paid insurance premium through cheque 5000
Purchased furniture through cheque 6000
Paid for advertisement through cheque 3000
Exercise 3
Prepare Cash Book with Bank Column for the following Bank Transactions in Andhra Bank and
determine Bank Balance.
1. Balance at Bank – Rs.200000.
2.Paid to Rajesh Rs.10000 by Cheque.
3. Paid to Mahesh Rs.25000 by Cheque.
4. Received a Cheque from Raj for Rs.38000.
5. Received a Cheque from Sneha for Rs.50000
Exercise 4
6th August, 2022
Create a company Aspect Enterprises located in Maharashtra.
The following are the transactions given:
1. Started business with cash Rs-50000.
2. Deposited cash in State Bank of India 15000.
3. Paid salary 5000 to Mrs. Asmita.
4. Purchased goods worth 45000 on credit from Swan Enterprises.
5. Credit sales of goods worth 75000 to Y.co
6. Returned goods to Swan Enterprises 5000.
7. Received goods returned by Y.co 10000.
8. Purchased machinery on credit 40000 from Manish Enterprises.
9. Received commission in cash 2000
10. Withdrawn from State Bank of India 5000.
Prepare Trial Balance, P/L and Balance Sheet.
Exercise 5: CO-X1
Prepare trail balance from information given:

Name of the account Dr Cr

Furniture 10000
Machinery 50000
Building 100000
Capital 150000
Cash 5000
Bills payable 30000
Trade debtors 80000
Trade creditors 65000

S. No Name of the Ledger Under Opening Balance

1. Furniture Fixed Assets 10000
2. Machinery Fixed Assets 50000
 3. Buildings Fixed Assets 100000
4. Capital Capital A/c 150000
5. Cash Cash in Hand 5000
6. Bills Payable Current Liabilities 30000
7. Trade Debtors Sundry Debtors 80000
8. Trade Creditors Sundry Creditors 65000

Exercise 6: CO-X2

Compute Net profit

Started business with capital of 40000.

Cash deposited into SBI-10000.

cash purchases-5000.

cash sales-6000.

Paid rent- 600.

5. Paid rent 600

S. No Particulars Debit Credit Voucher type
and keys
1. Cash A/c dr. 75000 75000 Receipt- F6
To Capital A/c
2. Bank A/c dr. 10000 10000 Contra- F4
To Cash A/c
3. Purchases A/c dr. 5000 5000 Purchases- F9
To cash A/c
4. Cash A/c dr. 6000 6000 Sales- F8
To Sales A/c
5. Rent A/c dr. 600 600 Payment- F5
To Cash A/c
Exercise 7:
CO-X3 PROFIT N LOSS ACCOUNT AND TRIAL BALANCE:

Give effect to the followings discounts in the transactions

1: Purchase goods worth-5000 less 5% trade discount

2: 2646 received from vijay and allowed discount of $54 cash

3: 5292 paid to anand and discount received is 108.

Prepare Trial Balance for X1, Profit & Loss A/c for X2, and Adjustments for X3.
S.No Name of Ledger Under
1 Purchase A/c Purchase Accounts
2 Vijay A/c Sundry Debtors
3 Discount Allowed A/c Indirect Expense
4 Anand A/c Sundry Creditors
5 Discount Received A/c Indirect Income
S. No Particulars Debit Credit Voucher Type
1. Purchase A/c dr. 4750 4750 F9- Purchase
To Cash A/c
(Being Cash Purchases Made with 5%
Trade Discount)
2. Cash A/c dr. 2646 2646 F6- Receipt
To Vijay A/c
(Being cash received from Vijay)
3. Discount allowed A/c dr. 54 54 F7- Journal
To Vijay A/c
(Being Discount Allowed to Vijay)
4. Anand A/c dr. 5292 5292 F5- Payment
To Cash A/c
(Being Cash Paid to Anand)
5. Anand A/c dr. 108 108 F7- Journal
To Discount Received
(Being Discount Received from
Anand)
Exercise 8:
Create a company MS albert &sister for the year 1-4-2021

And books begning from 1-5-2021:

May 1 Starts business 50k ,he deposits 20000 in bank

May 1 Furniture for 5000,machinery 10000

May 1 Purchase good for 14000
May 31 Sold goods for 8k
May 31 Purchase goods from Malhotra n co 11000
June 1 Paid telephone rent by cheque rs 500
JUNE 1 BOUGHT TYPEWRITER FOR 2100 FROM UNIVERSAL
TYPEWRITER N CO ON CREDIT
June 2` Sold goods to kesavram for 12000
July 1 Sold goods to rajesh kumar for 2000 cash
July1 Amount withdrawn from bank for personal use 1500
July 2 Received cash from kesavram 11900 n dis allowed rs
100
July 31 Paid into bank 5800
July 31 Bought 50 shares in xy n co for 60 per share,
brokerage paid 20
Aug 1 Goods worth 1000 found defective where returned to
Malhotra n co. n bal amount due to them settled by
issuing a cheque in their av
Aug 1 Sold 20 shares of XY N co ltd at 65 per share
brokerage rs 20
Aug 2` BOUGHT good worth 2100 from Ramesh n supplied
them to suresh at rs 3000
Aug 2 Suresh returned goods worth 100 which in turn sent
to Ramesh
Aug 31 Issued a cheque for 1000 in fav of land lord for rent
Aug 31 Paid salaries to staff rs 1500 n received from traveling
salesmen rs 2000 for goods sold by him traveling exp
rs 100

S. No Name of Ledger Under

1. Capital A/c Capital Accounts
2. Machinery A/c Fixed Assets
3. Furniture A/c Fixed Assets
4. Bank A/c Bank Accounts
5. Purchase A/c Purchase Accounts
6. Sales A/c Sales Accounts
7. Purchase Return A/c Purchase Accounts
8. Sales Return A/c Sales Accounts
9. Drawings A/c Capital Accounts
10. Malhotra & Co. A/c Sundry Creditors
11. Telephone Rent A/c Indirect Expenses
12. Rent A/c Indirect Expenses
13. Salary A/c Indirect Expenses
14. Travelling Expense A/c Indirect Expenses
15. Ramesh A/c Sundry Creditors
16. Suresh A/c Sundry Debtors
17. Investment in X&Y Co. Ltd. Investment Accounts
18. Brokerage Charges A/c Indirect Expenses
19. Discount Allowed A/c Indirect Expenses
20. Typewriter A/c Fixed Assets
21. Universal Typewriter A/c Sundry Creditors
22. Keshav Ram A/c Sundry Debtors

Date Particulars Debit (₹) Credit (₹) Voucher Type

May 1 Cash A/c Dr. 50000 F6 – Receipt
To Capital A/c 50000
(Being Business Started with
Cash)
May 1 Bank A/c Dr. 20000 F4 – Contra
To Cash A/c 20000
(Being Cash Deposited In
Bank)
May 2 Furniture A/c Dr. 6000 F5 – Journal
Machinery A/c Dr. 10000 F5 - Journal
To Cash A/c 16000
(Being Fixed Assets
Purchased)
May 2 Purchases A/c Dr. 14000 F9 – Purchase
To Cash A/c 14000
(Being Goods Purchased for
Cash)
May 31 Cash A/c Dr. 8000 F8 – Sales
To Sales A/c 8000
(Being Cash Sales Made)
May 31 Purchases A/c Dr. 11000 F9 – Purchase
To Malhotra & Co. A/c 11000
(Being Credit Purchases
Made)
June 1 Telephone Rent A/c Dr. 500 F5 – Payment
To Bank A/c 500
(Being Telephone Rent Paid)
June 1 Typewriter A/c Dr. 2100 F7 – Journal
To Universal Typewriters
2100
A/c
(Being Typewriter Bought on
Credit)
June 2 Keshavram A/c Dr. 12000 F8 – Sales
To Sales A/c 12000
(Being Credit Sales Made)
July 1 Cash A/c Dr. 2000 F8 – Sales
To Sales A/c 2000
(Being Cash Sales Made)
July 1 Drawings A/c Dr. 1500 F5 – Payment
To Bank A/c 1500
(Being Drawings Made).
July 2 Keshavram A/c Dr. 11900 F6 – Receipt
Discount Allowed A/c Dr. 100 F7 – Journal
To Cash A/c 12000
(Being Cash Received from
Keshavram)
July 31 Bank A/c Dr. 5800 F4 – Contra
To Cash A/c 5800
(Being Cash Deposited In
Bank)
July 31 Investments A/c Dr. 6000 F5 – Payment
Brokerage Charge A/c Dr. 20 F5 – Payment
To Bank A/c 6020
(Being Investment Purchased)
August 1 Malhotra & Co. A/c Dr. 11000 F5 – Payment
To Bank A/c 10000
F9 – Debit
To Purchase Return A/c 1000
Note
(Being Payment Made to
Malhotra & Co.)
August 1 Bank A/c Dr. 1280 F6 – Receipt
Brokerage Charges A/c Dr. 20 F7 – Payment
To Investments A/c 1200
To Profit on Sale of
100
Investment A/c
(Being Investments Sold)
August 1 Purchases A/c Dr. 2100 F9 - Purchase
To Ramesh A/c 2100
(Being Credit Purchases
Made)
August 1 Suresh A/c Dr. 3000 F8 – Sales
To Sales A/c 3000
(Being Credit Sales Made)
F9 - Debit
Ramesh A/c Dr. 100
August 2 Note
To Purchase Return A/c 100
(Being Goods Purchased
Returned)
F8 - Credit
Sales Return A/c Dr. 100
August 2 Note
To Suresh A/c 100
(Being Goods Returned by
Customer)
August
Rent A/c Dr. 1000 F5 – Payment
31
To Bank A/c 1000
(Being Rent Paid)
August
Cash A/c Dr. 2000 F6 – Receipt
31
To Sales A/c 2000
(Being Cash Sales)
August
Salary A/c Dr. 1500 F5 - Payment
31
Travelling Expense A/c Dr. 100 F5 - Payment
To Cash A/c 1600
(Being Salary, Travelling
Expense Paid)
Exercise 9:
Co name kr traders pvt ltd
Prepare pnl n balsheet

Opening balance sheet Amount

Capital 6 lakh
Motor car 2 lakh
Machinery 1 lakh
Debtors 150000
Cash 150000

Transactions:
Paid wages 2000
Paid salaries 3000
Insurance paid 500
Commission paid 200
Sales 20000
Purchase 12000
Furniture purchased 2300

Adjustments:

Outstanding wages at end of yr 500

Outstanding salary at end of year 100
Prepaid insurance 100
Exercise 10:
create inventory along stock group and stock item.

Inventory creation:

The it depot (showroom)

Godowm: bangalore n delhi

Address: No.40, east coast road Shivani apartments, thiruvanmiyur Chennai -600041

044 42110648

[email protected]

HARWARE:

 COMPUTER CABINS
 Ram
 Cabinet modifications
 Cd dvd hardware copydrive
 Graphics
 Hard drive
 MOTHER BOARD
 MOUSE
 KEYBOARD
 POWER SUPPLY UNIT
 PROCESSORS
 LIQUID COOLERS
 FAN CONTROLLER
 CABLES AND CONVERTORS
  SSD
 WORKSTATION GRAPHICS

PERIPHERALS:

 HANDWRITING TABLETS
 HEADPHONES
 PRINTERS
 PROJECTORS
 PRESENTATION DEVICES
 SCANNERS
 SOUND CARDS
 SPEAKERS
 UPS
 USB FLASH PEN DRIVE
 USN HARD DRIVE
 WEBCAM
 TONERS AND CARTRIDGES
 USB PRODUCTS ( HUB-FAN)
 TOOLS, MOUSE PADS

APPLES:

 MAC PRO
 MAC MINI
 IMAC
 MACBOOK AIR
 MACBOOK PRO
 Exercise 11
18th August, 2022
Create Following inventory Details For Reliance Fresh Store under Inventory Info . Find the
total price for Each Stock group and Entire stock group individually.

Reliance Fresh Store

No: 89, A1 Tower, Radhakrishnan Salai, Krishnapuram, Mylapore, Chennai, Tamil Nadu
600004

Grocery Weight Price (Rs)

India Gate Basmati Rice Dubar 1kg 69.00
India Gate Dubar Basmati Rice 5 Kg 5kg 345.00
Satyam Rice Flour 500 gm 31.00
Satyam Sama (Vari Rice) 500 gm 54.00
Daawat Rozana Gold Basmati Rice 5 Kg 423.00
Daawat Brown Basmati Rice 1kg 170.00
Daawat Traditional Basmati Rice 5 kg 875.00
Good Life Boiled Kolam Rice 1 kg 53.00
Good Life Poha/Aval Thin Superfine 1kg 70.00
Good Life Hmt Kolam Rice 5 kg 5kg 210.00
Trust Sunehra Mineral Sugar 1 kg 56.00
Trust Classic Sugar 5kg 216.00
Tata Table Salt 1 Kg 1 kg 18.00
24 Mantra Organic Wheat Dhaliya 500gm 55.00
Masti Lokwan Wheat 10 kg 295.00
Satyam Small Chana 500 gm 95.00
Satyam Moong 500mg 115.00
Satyam Masoor Dal 500 gm 119.00
Best Farms Rajma Red 500 gm 70.00
Aashirvaad Multigrain Atta 5 kg 270.00
Aashirvaad Whole Wheat Atta 1 kg 56.00
Bhagirathi Special Bhakri Peeth 500 gm 40.00
Amul Pure Ghee 1 Ltr 420.00
Dynamix Cow Ghee 1 Ltr 485.00
Fortune Sunflower Oil 5 Ltr 505.00
Fortune Ricebran Oil 1 Ltr 115.00
Devaaya Suji 500 gm 29.00
Madam Sooji Rawa 500 gm 32.00
Catch Sabji Masala 100 gm 46.00
Eastern Chicken Masala 100 gm 64.00
Eastern Sambar Masala 100 gm 42.00
Bread, Dairy, Eggs
Britannia Chocolate Cake 60 gm 15.00
Britannia Velvet Rich Cake 160 gm 50.00
Monginis Chocolate Muffins 150 gm 40.00
Power Eggs Pack 6 pcs 37.00
Baby Care
Pampers Active Baby-Large 20 pcs 259.00
Johnson Baby Bedtime Bath 200 Ml 115.00
Johnson Baby Bedtime Lotion 100 Ml 80.00
Johnson Baby Cologne Bounce 125 Ml 120.00
Johnson Baby Cream-Mildness 100 gm 145.00
Snacks & Packaged Food
Cheddas3 In 1 Chikki 108 gm 20.00
Britannia NutriChoice Digestive Biscuits 92 gm 20.00
Britannia Little Heart Biscuits 39 gm 10.00
Ferrero Kinder Joy Boy 20 gm 40.00
Kurkure Masala Munch 155 gm 30.00
Cadbury 5 Star Crunchy 33 gm 25.00
Alpenliebe Juzt Jelly Strawberry 185 gm 40.00
 Exercise 12:
Following is the information given in respect of certain item of a sports club:
Show this item in the income n expenditure account , receipts and payments and balance sheet
Sports club address:
No.13 ,smith road , broadway, Chennai, tamil nadu,600108
Sbi address:
No:24 , railway road, perambur , Chennai, tamil nadu,600011
Hp ltd address:
No.34 venugopal street, avadi, Chennai,600054
Date Transactions Amount
1/4/2019 Life members fees rec from 500000
member
General donation received 150000
Sports material purchased in cash 2000
Cash deposited in sbi 50000
Cash withrew from bank 10000
Interest rec 200
Computer purchases from hp ltd 35000
Bank charges 150
Sale of old sports materials 500
Cheque issued to hp ltd 35000

Journal entries

S.No Particulars Debit (₹) Credit (₹) Voucher Type

1 Cash A/c Dr. 500000
To Capital A/c 500000 F6 - Receipt
(Being life membership fees received
from members)
2 Cash A/c Dr. 150000 F6 – Receipt
To general donations 150000
(Being donations receieved)
3 Sports materials A/c Dr. 2000 F5- payment
To Cash A/c 2000
(Being Discount Allowed to Vijay)
4 SBI A/c Dr. 50000 F4 – Contra
To Cash A/c 50000
(Being Cash Paid toSBI)
5 Cash A/c Dr. 10000 F4 – Contra
To SBI A/c 10000
(Being Cash withdrawn from bank)
6 Cash A/c Dr 200 F-6 Receipt
To Interest received A/c 200
(Being interest received)

EXERCISE 13:
Create a company named raj traders for the year 1-4-2021
Pass the transaction:
Op capital 10cr
On 1-7-2021 purchased goods worth 1lakh
2-8 Sold goods worth rs 40000 to rakesh mills
On 31-7-2021 received rs 25000cfrom rakesk mills
2-8-21 sold goods worth rs 50000 to anil textiles
31-8 received rs 40000 from anil textiles
1-9-21 paid rs 50000 to maft lal industries ltd
2-8 purchased goods worth 80000 each from Arvind mills and vimal agengies
On the same day sold goods to vikas sales agencies and rakesh mills worth 40000 each
2-9 received rs 30000 each from rakesh mills and vikas sales agency
31-8 paid rs 25000 each to Arvind mills and vimal agencies
Pass then entry in voucher mode n generate reports.
Exercise 14
27th August, 2022
1. On 1-4-2021 Raman commenced business with a cash of 2500000. He further introduced land and
building- 30000, plant and machinery- 25000, and Furniture & Fixtures- 36000.
2. On 2-4-2021 He purchased vehicles-20000 and Patents- 15000.
3. On 1-5-2021 He deposited- 100000 into Canara Bank.
4. On 2-5-2021 purchased from Cadbury company, discount 1%.
Items:
 500 5 Stars at Rs 5.
 1000 Munch at Rs 5.
 100 Kit-Kat at Rs 4.
 200 Dairy Milk at Rs 7.
5. On 31-5-2021 purchased from Paras, discount 2%,
 500 Moov at Rs 20.
 500 De -clot at Rs 12
6. On 1-6-2021 purchased from Amber, discount 2%
 450 Adhesive tape rolls at Rs14.5
 200 Bandage Box at Rs 240.
 300 Boric Acid powder at Rs 13
7. On 1-6-2021 Sold to Pankaj, discount 2%
 200 Moov at Rs 20.5
 100 De colt at Rs12.25
 200 Adhesive Tape roll at Rs 15.25
 100 Bandage Box at Rs 252
 200 Boric acid powder at Rs 14
8. On 2-6-2021 sold to Akbar, discount 2%
 500 Munch at Rs 6
 200 5 Star at Rs 5.25
 50 Kit-Kat at Rs 6
9. On 1-7-2021 paid to Cadbury Company Rs 7500 in cash.
10. On 2-7-2021 received from Pankaj Rs 30000 by cheque.
11. On 31-7-2021 paid to Paras Rs 12000 by cheque.
12. On 2-8-2021 received from Akbar Rs 3500 in cash.
13. On 2-8-2021 purchased from Well Cloth
 T-Shirts
o Lee 25 pieces at Rs 200
o Nike 30 pieces at Rs 300
 Formal Shirts
o Pan-America 35 pieces at Rs 400
o Peter- England 30 pieces at Rs 450
 Jeans Pants
o Tiger 20 pieces at Rs500
o Ruff and Tuff 30 pieces at Rs 350
 Cotton Pants
o Arrow 40 pieces at Rs 200
o Ex-Calibar 20 pieces at Rs 250
14. Paid postage at Rs 500 by cheque
15. Received commission Rs 1500
16. Paid wages Rs 2500
ANS:-
29th August 2022
EX-15:-

29TH AUGUST 2022

Details of purchase Bill No.1

S No. Stock item category quantity rate

1 Hond activa two wheeler 10 80000
2 TVS Victor Two wheeler 23 70000
3 Passion plus Two wheeler 15 75000
4 TVS XL Two wheeler 16 60000

Details of purchase Bill No.2

S No. Stock item Category quantity rate

1 Hond activa two wheeler 8 80000
2 TVS Victor Two wheeler 15 70000
3 Passion plus Two wheeler 10 75000
4 TVS XL Two wheeler 12 60000
Prepare sales report and purchase report.

Ans:-
Exercise 16
Kalyani Textiles is a leading textile showroom in Palakkad. They wish to open two godowns for categorizing
their textile items. Being Accounting Manager, help them to create Godowns, Stock Categories, Stock Items,
and Units of Measures from the following information.

Godowns:
1. Thrissur
2. Malappuram
Stock Categories:
1. Gents Wear
2. Ladies Wear
3. Kids Wear
Stock Group:
1. Vimal
2. Live
3. Roshni
4. Charisma
Units of Measure:
1. Number
2. Meter

S.No Name Stock Group Stock Category Units of Measure

1 Jeans Pant Live Gents Wear Number
2 Shirting Vimal Gents Wear Meter
3 Chudidhar Roshni Ladies Wear Number
4 T-Shirt Micky Charisma Kids Wear Number
5 Saree Material Piece Charisma Ladies Wear Meter

They Purchased the following goods for the Main Location

a) 250 Nos. of Jeans Pants @ Rs.1400/Pant
b) 500 Mtrs. of Shirting @ Rs.525/Meter
c) 400 Nos. of Chudidhar @ Rs.1200/Chudidhar
d) 300 Mtrs. of Saree Material Pieces @ Rs.120/Meter
e) 150 Nos. of T-Shirt Micky @ Rs.180/T-Shirt

Sales of Textiles are as follows:

a) 100 Nos. of Jeans Pants @ Rs.1600/Pant from Malappuram Godown
b) 150 Nos. of Chudidhar @ Rs.1450/Chudidhar from Thrissur Godown

Generate Output for Stock Summary.

Ans:-
EXERCISE 17:
Anand trading company
Address : Mc road kottyam
Company having 2 factory at kollam and Ernakulam
The 2 products manufactured
Kolam ernakullam
Electronic choke lcd monitor
Capacitor ups
Maintain accountd with inventories
Cost categories cost center
Transactions:
Purchased raw materials for kolam (1/3 for ele choke n 2/3 of capacitor) rs 15000
Purchased raw materials for ernakullam (equally used for both products) rs 20000
Paid wages at kolam (1/3 electro n 2/3 for capacitor) rs24000
Paid wages at Ernakulam(equally) rs 42000
All the units manufactured where sold the amount of sales where:
electronic choke rs 50500
capacitor rs 25000
lcd monitor rs 38000
ups rs 34500
Exercise 18

Create a Company Named Aneesh Retail Agency. Address:1A, Kalaivanar Salai, Rosali Nagar,
Chitlapakkam, Chennai, Tamil Nadu – 600064.Phone No:9677258611
Group 1: Computer – Godown - Kanchipuram

S.no Items Quantity Rate Per Qty Category

1 HP-A1 10 25000 13 Inch PC
2 HP-A2 15 30000 16 Inch PC
3 Lenovo-B1 10 22000 15 Inch PC
4 Lenovo-B2 10 28000 22 Inch PC
5. Dell-C1 10 45000 15 Inch PC
6. Dell-C2 20 55000 25 Inch PC
Group 2: Shampoo – Godown – Salem

S.no Items Quantity Rate Per Qty Category

1 Head N 150 Bottle 150 Dry Hair
Shoulders
2 Pantene Pro 120 Bottle 160 Soft Hair
3 Pantene White 130 Bottle 220 Normal Hair
4 Sunsilk Pink 140 Bottle 150 Silky Hair
5. Sunsilk Black 100 Bottle 220 Dry Hair
6. Clinic Plus 130 Bottle 230 Greasy Hair
Electron
On 2nd April, Some Stock is to be transferred from Kanchipuram and Salem Godown to Tambaram
Godown. Transfer Charges 1% (Carriage Charges)
S.No Item Qty
1 HP-A2 5
2. Head N shoulder 25
3. Sunsilk Black 20
On 2nd May, Some Stocks were transferred from Salem Godown to Tambaram Godown. Transfer
Charges 2.5% (Carriage Charges)
 S.No Item QTY
1. Pantene White 55
2. Clinic Plus Electron 82
Prepare a stock summary and Godown Transfer report for each month.
EXERCISE 19:
Maganbhai stationary traders
crystal plaza , b.e wing
Andheri west Mumbai-400053
ORDERS STOCK TRANSFER RETURN
Create inventory items under stationary using standard rates for stock items:
Stock items Under Units SR Standard cost Selling price
Nataraj pencil Stationary Box S 30 32
Nataraj rubber Stationary Box S 25 33
Nataraj shapern Stationary Box S 35 37
Purchase order given for the following stationary item to nataraj company:
Godown- Mumbai , order no:1012
Nataraj pencil – 5000 box
Rubber-4500 box
Sharpner-3000 box
B)
Nataraj company deliver the following stationary items , godown Mumbai order no :1012 , tracking number:
B01245
Nataraj pencil – 5000 box
Rubber-4500 box
Sharpner-3000 box
C)
Following stationary items distributed as free sample to send rkvmc school, tracking nb: 301246
Sharpner 1000 box
Pencil :1500
Rubber: 2000
D) Stationary items sold to soner depot (B01247)
Stock item Actual Billed
Sharpner 250 200
Pencil 150 100
Rubber 100 75

E)The stationary items returned to nataraj co

Order no:101
Pencil – 150
Rubber- 100
F) the following transferred from Mumbai to pune godown
Pencil 500
Rubber 450
Sharpner 300
Exercise 22
17th September, 2022
Xeronics Sales Agencies (Manufacturing ARM of MM Computer)
The agency assembles a computer of its own brand. Computer SS01 (GST 18%) to be sold in the market with
the following components.
Name of the components Quantity Price
Cabinet 1 4500
C D drive 1 600
Keyboard Logitech 1 1500
Motherboard Intl 1 12600
Mouse Logitech 1 500
Processor Intel 1 4500
Ram 8gb 1 3200
HDD Seagate 2 TB 1 6000
External
Monitor Sony 20 “ 1 16000
UPS Acer 1 1600
Windows XP 1 4500
TOTAL COMPONENT 55500
COSTING
ADD INSTALLATION 1500
CHARGE
Total 57000
EXERCISE 23:
INDUS ENTERPRISES ENGAGED IN BUSINESS OFASSEMBLING AND MANUFACTURING
TELEVISIONS. CREATE THE FOLLOWING STOCK ITEMS:
NAME OF THE ITEM: CATEGORY
1- TELEVISION FLATRON: HOME ELECTRONICS

COMPONENETS OF TELEVISION
NAME STOCK GROUP STANDARD COST UNITS
VISUAL DISPLAY TELEVISION 2000 NOS.
UNIT FLATRON
PICTURE TUBE “ 3750 “

IC CHIPS “ 5000 “

SOUND CARD “ 500 “

MOTHERBOARD “ 300 “

CREATE A MANUFACTURING JOURNAL IN VOUCHER TYPE AND BOM INVOICE WITH GST 18%.
CLASSIFY GST AS SGST AND CGST .
THE WORKERS WAGES ARE COST-3000
POWER SUPPLY COST – 2000
TRANSIT CHARGE – 2.5%
FACTORY LAYOUT MAINTANENCE CHARGE -1200
Exercise 24
MM Infotech
T Nagar Chennai
Capital = 1500000
The company purchased following items to produce the computer .
Name of the Item Quantity Cost Godown From
Hard disk 25pcs 4000 NGH Cash
Mother board 30pcs 2800 BHP Rabi suppliers
CPU 40pcs 3500 GKT Nepal Computers
Ram 50pcs 1200 NGH Cash
Mouse 100pcs 200 BHP Cash
Keyboard 75pcs 300 GKT Nepal Computers
CD ROM 30pcs 1200 NGH Rabi Suppliers
DVD 40pcs 1800 BHP Cash
Monitor 50pcs 6500 NGH Nepal computers
Produce 20 Computers using 1 item of each.
Sale
1. 5 Computer on Cash @ Rs 25000 Each
2. 5 Computers to Devine Convent School at Rs 26500 each
3. 5 Computers to AGP Theatres at Rs 24000 each
Prepare Godown Report, BOM , Sales Invoice
Exercise 25
MM Computers
Capital = 2500000
Transactions
1. 1-4-2021 purchased the following with gst from acer india ltd

LAPTOP ACER 2NOS 32500 18%

4702Z
LAPTOP ACER 5920 1NOS 36000 18%
LAPTOP ACER 1NOS 30000 18%
ASPIRE

UPS APC 1NOS 1600 12%

UPS LUMINOUS 2 NOS 1400 12%
UPS MICRO TECH 2 NOS 1800 12%

LAPTOP COMPAQ 1 NOS 38500 18%

A901TU
LAPTOP COMPAQ 1NOS 34100 18%
PRESARIO
LAPTOP COMPAQ 1NOS 27500 18%
TABLET PC
LAPTOP HCL 2 35000 18%
MILEAP
LAPTOP HCL 2 15000 18%
MILEAP X
LAPTOP HCL 2 30000 18%
MILEAP Y
EXERCISE 26:
Raj infotech local purchase and sales
Prepare a vat report :
Purchase taxable:
Item desc Qty(nos) Rate Amount Vat%
Gold jewellery 9 20000 180000 1
Gi pipes 160 150 24000 20
Insulator 150 320 48000 4
Silk fabrics 10 5000 50000 4
Vaccum cleaner 8 15000 120000 12.5
Sales taxable:
Gold 4 22500 90000 1
Gi pipes 70 400 28000 20
Insulator 65 500 32500 4
Vaccum cleaner 5 17500 87500 4
TDS EXERCISES :30
10 m & 5m
TDS using Tally ERP
TDS means Tax Deducted at Source. TDS was introduced in the Income Tax Act 1961 with the
objective of deducting the tax on an Income, at the source of income. It is one of the methods of
collecting Income Tax which ensures regular flow of revenue to the government.
TDS PROCESS
1. Deductee (seller) provides services and bill to the deductor. (buyer)
2. Deductor makes the payment after deducting TDS.
3. Deductor remits the TDS amount into bank.(treasury)
4. Bank (treasury) remits the amount to the government account
5. Deductor issues Form-16A to Deductee for the TDS amount deducted.
6. Deductor files the E-TDS to NSDL.

Exercise 27:

M/S Factors Company Ltd (Anna Salai , chennai ) Is a factory servicing agency paid rs 35000 to mr subash one of its
agent on 1st april 2021. it is considered as commission and brokerage for his service. GENERATE TDS CHALLAN AND TDS
PAYABLE ENTRY
Exercise 28:
Create a company S enterprise having capitoal of 10,00,000. The company is under oligation to pay rent.
On 1st April : paid rent to zen enterprise 5,00,000
On the month of may paid an advance of 1,00,000 on rent to zen enterprise as rent tariff.
Tan refern no: t22098776dac
Tax deductible and collection account no:asbd88471c
EXERCISE 29:
RAJ AND CO - CHENNAI
OPENING CAPITAL – 5 LAKH
PROFESSIONAL FEE PAYABLE (SN AUDITING)-150000
PROFESSIONAL FEES PAID-135000
TDS PAID -15000
Exercise 31:
Royal agencies
received a bill from raman and co for rs 100000 towards the commission and brokerage services provided.
On the month of June itself (2) payment of rs 95000 made towards the bill from raman and co for commission
brokerage via cheque no 281382w
On the month of July royal agency paid tds of rs 5000
Towards commission n brokerage via cheque no 346512 tan no.sgg6565125
Threshold limit 15000
Paymend code 194h
Prepare tds computation of royal agencies towards raman n co

Exercise 32

Create a Balance Sheet Report of Member Companies with Opening Balances:

Holding Company – TAL Manufacturing Solutions Ltd., Chennai, Tamil Nadu.

Subsidiary Companies:

1. Tata Motors Insurance Broking and Advisory Services Ltd., Ahmedabad

2. Tata Technologies Ltd., Hyderabad

3. Tata Motors European Technical Centre PLC, Noida

4. Tata Daeuou Commercial Vehicles Co. Ltd, New Delhi

5. Tata Precision Industries Ltd., Sriperumbudur.

Page 1 (A)
Tata Motor Insurance Brokinf and Tata Technologi S2
Advisory Service L
as at 1-Apr-2021 as at 1-Apr-2021

Liabilities :

Capital Account 14,00,000.00 12,00,000.00

Capital 14,00,000.00 12,00,000.00

Loans (Liability)
14,00,000.00
3,25,000.00 12,00,000.00
2,50,000.00
Current Liabilities
14,00,000.00 12,00,000.00
Sundry Creditors

Profit & Loss A/c

Opening Balance 3,25,000.00
14,00,000.00 2,50,000.00
12,00,000.00
Current Period
14,00,000.00 12,00,000.00
Difference in opening balances
14,00,000.00 12,00,000.00
T o t al 14,28,000.00 9,05,000.00

Assets :

4,16,000.00 2,80,000.00
Fixed Assets
Fixed Asset 4,16,000.00 2,80,000.00

Investments 10,12,000.00 6,25,000.00

Investment
4,16,000.00 2,80,000.00
Current Assets
Closing Stock
4,16,000.00 2,80,000.00
Difference in opening balances

Total 4,16,000.00
14,28,000.00 2,80,000.00
9,05,000.00

EXERCISE 33:
Tata automobile services n sakes

Ledgers Op bal
Cash 50000
Hdfc bank 6000
Sam co Creditors
A1 co Creditors
moOn industries Dr
Rolex industries Dr
Max touch ind Dr
Dtdc co Dr
Furniture 10000
Icici bank 4000
Stock group- bike

Stock item Qty Rate (each)

Karishma 4 70000
Yamaha 8 30000
cbz 3 55000

Stock group- car

Maruti swift 4 120000

Honda city 1 600000
Inova 3 300000

Purchase or sale:

1-5-2021

2 yamaha sold to max touch ind of 40000 each

1-6-2021

3 inova sold to dtdc co of rs 400000each

1-7

Purchased 3 cbz from sam n co of rs:60000

1-8

Purchased one Maruti swift from moon ind for 350000

Contra vouchers:

1-6

Cash of 3000 deposit into hdfc bank

1-7

Cash of rs 4500 deposited into icici bank

1-7
Cheque(icici) deposit into hdfc bank of rs 1500

1-8

Cash of rs 2000 withdrawn from icici bank

1-9

Cheque (hdfc deposit into icici bank ) of rs 1000

1-10

Cash withdrawn from hdfc of rs 5000

1-12

Cash withdrawn from icici bank of rs 1500

1-1-2022

Cheque deposit into hdfc of rs 2500 from icici bank

1-2-2022

Cash withdrawn from hdfc bank of rs 1500

1-3-2022

Cash withdrawn from hdfc bank of rs 500

Receipt n payment:

2-6-2021

Cash received of rs 30000 from max touch ind

2-7-2021

Cheque (icici) received by dtdc co of rs 200000

1-8

Cash paid to sam n co rs25000

1-9

Paid cheque(icici) to moon ind of rs 125000

2-7-2021

Cash received from dtdc co rs 80000

2-8-2021

Cheque (hdfc) Received from dtdc co of rs:100000

1-10-2021

Paid cheque (hdfc) moon ind of rs 75000

1-11

Paid cash to sam n co of 25000

1-12

Cash received from dtdc co of rs 50000

2-1-2022

Paid cash to sam n co rs10000

1-6-2021

Paid for salary for rs 500

1-7-2021

Paid cheque icici of electricity rs 900

Paid telephone bill of rs 450

1-8-2021

Paid cheque(hdfc) for rent of rs 2500

2/9/2021

Paid wages of rs 600 cash

2/8

Paid cheque(icici) of rs 1000 for stationery

2/8

Cash received of rs 45000 from max touch ind with discount of rs 5000

2/11

Cash paid to sam n co of rs 56000 with discount of rs 4000

Journal voucher

1-2-2022

Bad debts sof rs 250 from dtdc co

1/3

Depreciation rs 100

Debit n credit note:

2/8

1 cbz returned to sam n co

31-8-2021

2 innova returned from dtdc co