Academy Of Computer Science and Technology

(ACST)
Examination Assignment
(2 PGDCA)
FINANCIAL ACCOUNTING WITH TALLY

Date of Submission: - 11 APRIL 2023

Assignment Questions
Create a company with Smith International and student’s
code financial year 2021-22

1. Create a following Ledger.

Security premium 1, 45,000 loan to Mr. Ajay
3,65,000 , Union bank 1,75000 , M/S Gangaram( cr)
85000, machinery 1,80,000 , capital – remaining
balance.
2. Company paid advance salary to ram 8000 on 152021
by cash
3. On 1-6-2021 company paid salary Rs. 12000 to after
adjustment of advance salary by cheque.
4. Company invest Rs. 52000 into Tata co. share on
262021 by cheque.
5. On 1st July company sold machinery for Rs. 175000
after charging depreciation for 3 months by cheque.
6. Pass the entry by below document.
KRISHNA LAL DATE: 02/06/2021
AS/29/SHALINI SINGH INVOICE NO. KLS/001
GORAKHPUR PAN NO.ASDFG12413

Invoice To

Smith international
MP
S.No. Description Amount
1. Pen 1500
2. Printing Paper 1200
3. Stapler 1250
4. Pin 125
INR four thousand seventy five only 4075
Cash Bank

7.Company paid commission to Mr. Ajay, Mr. Shyam,

Mr. Mohan Rs. 36000 (25%, 45%, 30%) on 1-7-2021.
 8. Pass the entry by below the document

ACST INSITUTE JABALPUR

Company Creation:

Create]
Name :<< Your Full Name>>
Address: Civic Center near Bata Showroom Jabalpur
Statutory Compliance for : India
State : West Bengal
Pin : 482001
Telephone No : optional
Mobile No : optional
Email: optional
Currency Symbol: Rs.
Maintain
:
Accounts with Inventory
Financial Year from
:
01-04-10
Books Beginning from
:
01-04-10

Save the Screen

Create the following Accounting Groups:

[Gateway of Tally

Accounts Info

Groups

Create]
Name of Groups
Under
Outstanding Expenses
Current Liabilities
Create the following ledger with Appropriate Group and put the opening
balance. Ledger

Create]
Name of Ledger
Account Groups
Amount
Equity Share Capital
Capital Account
26580000
General Reserve
Reserve and Surplus
2560000
Capital Reserve
Reserve and Surplus
598500
Loan from HDFC
Secured Loan
5000000
Ranbir Ltd
Goswami Pvt Ltd
Sundry Creditors
Sundry Creditors
254100
225000
Provision for doubtful debts
Provisions
15000
Outstanding Rent
Outstanding Expenses
16500
Outstanding Telephone bill
Outstanding Expenses
35000
Outstanding A M C
Outstanding Expenses
17514
Profit and Loss Account**
Primary
675420
Land & Building
Fixed Assets
5085410
Plant & Machinery
Fixed Assets
6085011
Furniture & Fixture
Fixed Assets
458700
Computer & Peripherals
Fixed Assets
1045210
Investment in Shares
Investments
2254500
Abir Pvt Ltd
Suraj Ltd
Sundry Debtors
Sundry Debtors
250000
350000
Closing Stock*
Stock – in- Hand
2545800
Prepaid Insurance
Current Assets
45120
Loan to Employee
Loans and Advances (Assets)
158400
Cash**
Cash in Hand
185200
I C I C I Bank
Bank Accounts
17513683
*Do not create Closing Stock ledger as we are maintaining company as
Accounts with Inventory
** Do not create these ledgers, alter the ledgers and put opening
balance. Stock Details:
Integrate Accounts and Inventory

Yes
Maintain Stock Categories

Yes
Create the following Stock Group
Name
Under
Can Quantities of item be added
Hardware (Primary), Software (Primary)
Create following Stock Categories
Stock Categories
Name
Under
Input Device (Primary), Output Device (Primary)
Application Software (Primary), Operating Software (Primary)
Games Software
Application Software
Create the following Units
Unit of Measure]
Type
Symbol
No of Decimal Places
Simple
Pcs
0
Simple
Mtr
2
Create the following Stock Items: Stock
Item]
All stock items measured in PCS
Name
Group
Category
Quantity Godown Rate
Amount
HP Printer
Hardware
Output Device
100
Kolkata
3500
350000
LG LCD Monitor
Hardware
Output Device
74
Kolkata
4500
333000
Ace Accounting Software
Software
Application Soft
50 Kolkata 15500
775000
Tally Multi User
Software
Application Soft 15 Kolkata 25000
375000
TVS Keyboard
Hardware Input Device 467 Kolkata 450
210150
Epson Printer
Hardware Output Device 40 Kolkata 5500
220000
Samsung LCD Monitor
Hardware Output Device 50 Kolkata 5653
282650
Voucher Entries:
01-04-10 Rs. 2500 paid for Printing in cash
01-04-10 Rs 5000 paid for commission in cash
02-04-10 Rs. 65000 paid to Ranbir Ltd by cheque no 101201
against reference no: P0123
02-04-10
Rs. 5000 received as dividend by cheque no 156201 of AXIS bank, the
cheque deposited into ICICI Bank.
01-05-10
Rs. 130000 received from Abir Pvt Ltd in cheque no 658400 of UBI
against Bill no S1261 and the same was Deposited in ICICI bank.
01-05-10
Rs. 15000 deposited into ICICI Bank
02-05-10
Rs. 2500 paid for Stationery in cash.
02-05-10
Rs. 35000 paid for Outstanding Telephone bill by cheque no 101202 of
ICICI Bank.
02-05-10
Prepaid Insurance of Rs. 15120 adjusted with current year’s Insurance
charges. 02-05-10
Loan to Employee Rs. 50000 adjusted with Salary a/c
01-06-10
Rs. 9000 paid for Outstanding Rent in cash
01-06-10
Rs. 200000 received from Suraj Ltd by cheque no 157210 of HDFC
bank against bill no: S3012, the cheque
Deposited into ICICI
01-06-10
Rs. 500 Paid for Traveling Expenses
01-06-10
Furniture of Rs. 50000 purchased from Modern Furniture. Invoice No:
MF/0001
01-06-10
Cash withdrawn of Rs 25000 from ICICI bank by cheque no101203

Voucher Entry:-
Entries:-

01.06.19 Paid Electric bill of Rs. 2,000/- of May. (Chq.

No. 718201, SBI).
01.06.19 Sold Goods of Rs. 50,000/- in cash (C.M.
9025).
01.06.19 Cash Rs. 20,000/- deposited in state Bank of
India.
01.06.19 Godown rent of Rs. 6,000/- paid for month of
May’19 by cash.

01.06.19 Goods of Rs. 8,000/- Damaged.

01.06.19 Paid Newspaper Bill of Rs.200/-

01.06.19 Paid Rs. 1000/- cash for furniture repair.

01.06.19 Mr. Vijay Singh withdrawn Rs. 10,000/- for

House Expenses.

01.06.19 Cash Sales of Rs.5000/- Returned. (C.M.9018)

01.06.19 Goods of Rs. 2,00,000/- Purchased from
Godrej Company. (Bill no. 2811).
Priyanka Mam