Tally Practical

ACCOUNTING VOUCHER
Exercise-1
DATE PARTICULARS KEYS
01.04.2022 Raju invested in business Rs.3,00,000/- F6
03.04.2022 Rs.8000/- received from Rahul F6
05.04.2022 Rent received of Rs.22,000/- through cheque F6
06.04.2022 Cash received of Rs.2000/- from Kishore traders & F6
Rs.30,000/- through cheque
08.04.2022 Interest received of Rs.1800/- F6
10.04.2022 Sold goods of Rs.15,000/- through cash F8
13.04.2022 Telephone bill paid Rs.8010/- F5
16.04.2022 Salary paid Rs.25,000/- through cheque F5
22.04.2022 Rent paid Rs.2000/- through cash F5
29.04.2022 Rs.5500/- cash paid to Sunil & Co. F5
03.05.2022 Purchased stationery of Rs.5000/- through cash & Rs.7000/- F5
through cheque
05.05.2022 Commission paid Rs.1500/- F5
06.05.2022 Furniture sold of Rs.16,000/- F6
07.05.2022 Received Cash from Anil & Co. of Rs.22,000/- F6
08.05.2022 Took a bank loan Rs.1,00,000/- F6
10.05.2022 Paid cash to Ram of Rs.12,000/- F5
12.05.2022 Paid advance of Rs.6000/- F5
16.05.2022 Purchased Machinery of Rs.25,000/- F5
18.05.2022 Discount received of Rs.1200/- F6
22.05.2022 Drawings by Raju Rs.1,50,000/- F5
Balance sheet-2,50,000/- Net loss-8510/

Exercise-2
DATE PARTICULARS KEYS
01.04.2022 Mr. Ajay invested in business Rs.1,00,000/- F6
01.04.2022 Bought office furniture of Rs.25,000/- F5
02.04.2022 Salary paid Rs.5000/- F5
04.04.2022 Rent paid Rs.3000/- F5
05.04.2022 Wages paid Rs.5000/- F5
07.04.2022 Carriage inward paid Rs.1500/- F5
10.04.2022 Bought goods from Mr. Suresh worth Rs.50,000/- on credit F9
12.04.2022 Sold goods to Mr. Mukesh of Rs.75,000/- on credit F8
14.04.2022 Deposited cash into bank Rs.5000/- F4
15.04.2022 Purchased goods for Rs.7000/- for cash F9
16.04.2022 Sold goods for cash Rs.15,000/- F8
19.04.2022 Withdrawn cash Rs.1000/- from concern for personal use F5
22.04.2022 Depreciation on Furniture of Rs.2500/- F7
26.04.2022 Returned goods to Mr. Suresh of Rs.5000/- F7
26.04.2022 Received goods worth Rs.10,000/- from Mr. Mukesh F7
28.04.2022 Paid Mr. Suresh Rs.40,000/- F5
28.04.2022 Mr. Mukesh Paid Rs.60,000/- F6
29.04.2022 Allowed discount to Mr. Mukesh of Rs.5000/- F7
29.04.2022 Mr. Suresh allowed us discount of Rs.5000/- F7
30.04.2022 Withdrawn cash from bank Rs.2000/- F4
Balance sheet-1,10,000/- Net profit-11,000/-

Exercise-3
CSC Computer Education (P) Ltd. Started business from 01.04.2022
DATE PARTICULARS KEYS
01.04.2022 Received capital by cash Rs.2,00,000/- F6
01.04.2022 Cash deposited in bank Rs.50,000/- F4
02.04.2022 Credit purchase from Krishna traders Rs.20,000/- F9
(Inv No.12)
04.04.2022 Credit purchase from Praveen traders Rs.20,000/- F9
(Inv No.43)
05.04.2022 Credit purchase from Krishna traders Rs.20,000/- F9
(Inv No.14)
07.04.2022 Credit purchase from Praveen traders Rs.20,000/- F9
(Inv No.44)
10.04.2022 Returned goods to Krishna traders of Rs.5000/- F7
(against Inv No.12)
12.04.2022 Returned goods to Praveen traders of Rs.5000/- F7
(against Inv No.44)
14.04.2022 Credit sales to Ravi & Co. Rs.50,000/- (Inv No.1) F8
15.04.2022 Credit sales to Kumar & Co. Rs.50,000/- (Inv No.2) F8
16.04.2022 Cash sales of Rs.20,000/- (Inv No.3) F8
19.04.2022 Credit sales to Ravi & Co. Rs.50,000/- (Inv No.4) F8
22.04.2022 Credit sales to Kumar & Co. Rs.50,000/- (Inv No.5) F8
26.04.2022 Goods returned by Ravi & Co. Rs.5000/- (Inv No.1) F7
26.04.2022 Goods returned by Kumar & Co. Rs.5000/- (Inv No.5) F7
28.04.2022 Payment made by cheque to Krishna traders Rs.30,000/- F5
28.04.2022 Payment made by cheque to Praveen traders Rs.30,000/- F5
29.04.2022 Received cheque from Ravi & Co. Rs.75,000/- F6
29.04.2022 Received cheque from Kumar & Co. Rs.75,000/- F6
Payments made by cash:
03.05.2022 Paid to petty cash Rs.1000/- F4
05.05.2022 Furniture purchased Rs.20,000/- F5
06.05.2022 Salaries paid Rs.10,000/- F5
06.05.2022 Rent paid Rs.4000/- F5
07.05.2022 Electricity charges paid Rs.3000/- F5
09.05.2022 Telephone charges paid Rs.3500/- F5
12.05.2022 Cash purchases Rs.5000/- F9
Payments made by petty cash:
15.05.2022 Conveyance paid Rs.150/- F5
16.05.2022 Postage paid Rs.100/- F5
19.05.2022 Stationeries paid Rs.200/- F5
22.05.2022 Staff welfare paid Rs.100/- F5
23.05.2022 Stationeries purchased from Sriram & Co. Rs.1500/- F7
26.05.2022 Depreciation on Furniture @10% F7
Balance sheet-3,21,950/- Net profit-1,10,450/-

Exercise-4
Fairmacs Co.Ltd started business from 01.04.2022
DATE PARTICULARS KEYS
01.04.2022 Received capital by cash Rs.5,00,000/- F6
01.04.2022 Cash deposited in IOB bank Rs.1,00,000/- F4
02.04.2022 Credit purchase from CSC traders Rs.15,000/- (Inv No.11) F9
04.04.2022 Credit purchase from Arun traders Rs.18,000/- (Inv No.25) F9
05.04.2022 Credit purchase from CSC traders Rs.20,000/- (Inv No.12) F9
07.04.2022 Credit purchase from Arun traders Rs.17,000/- (Inv No.44) F9
10.04.2022 Returned goods to CSC traders of Rs.3000/- (Inv No.11) F7
12.04.2022 Returned goods to Arun traders of Rs.3000/- (Inv No.44) F7
14.04.2022 Credit sales to Gandhi & Co. Rs.40,000/- (Inv No.1) F8
15.04.2022 Credit sales to Raju & Co. Rs.50,000/- (Inv No.2) F8
16.04.2022 Cash sales of Rs.20,000/- (Inv No.3) F8
19.04.2022 Credit sales to Gandhi & Co. Rs.40,000/- (Inv No.4) F8
22.04.2022 Credit sales to Raju & Co. Rs.40,000/- (Inv No.5) F8
26.04.2022 Goods returned by Gandhi & Co Rs.5000/- (Inv No.1) F7
26.04.2022 Goods returned by Raju & Co. Rs.3000/- (Inv No.5) F7
28.04.2022 Payment made by cheque to CSC traders Rs.30,000/- F5
28.04.2022 Payment made by cheque to Arun traders Rs.30,000/- F5
29.04.2022 Received cheque from Gandhi & Co. Rs.70,000/- F6
29.04.2022 Received cheque from Raju & Co. Rs.70,000/- F6
Payments made by cash:
03.05.2022 Paid to petty cash Rs.1000/- F4
05.05.2022 Furniture purchased Rs.25,000/- F5
06.05.2022 Salaries paid Rs.10,000/- F5
06.05.2022 Rent paid Rs.3000/- F5
07.05.2022 Electricity charges paid Rs.4000/- F5
09.05.2022 Telephone charges paid Rs.4000/- F5
12.05.2022 Cash purchases Rs.5000/- F9
Payments made by petty cash:
15.05.2022 Conveyance Rs.150/- F5
16.05.2022 Postage Rs.130/- F5
19.05.2022 Stationeries Rs.120/- F5
22.05.2022 Staff welfare Rs.120/- F5
23.05.2022 Stationeries purchased from Kumar & Co. Rs.1400/- F7
26.05.2022 Depreciation on Furniture @15% F7
Balance sheet-5,91,730/- Net profit-86,330/-

Exercise-5
Ramco & Co. started business from 01.04.2022
DATE PARTICULARS KEYS
01.04.2022 Received capital investment by Ram Rs.3,00,000/- F6
01.04.2022 Received capital investment by Raghu Rs.3,00,000/- F6
01.04.2022 Cash deposited in IOB bank Rs.2,00,000/- F4
02.04.2022 Credit purchase from Dheeru & Co. Rs.80,000/- (Inv No.30) F9
04.04.2022 Credit purchase from Bala & Co. Rs.75,000/- (Inv No.21) F9
05.04.2022 Credit purchase from Rai & Co. Rs.30,000/- (Inv No.15) F9
12.04.2022 Returned goods to Rai & Co. of Rs.5000/- F7
(against Inv No.15)
13.04.2022 Returned goods to Dheeru & Co. of Rs.8000/- F7
(against Inv No.30)
14.04.2022 Credit sales to Shwetha & Co. Rs.75,000/- (Inv No.2) F8
15.04.2022 Credit sales to Priya & Co. Rs.90,000/- (Inv No.3) F8
15.04.2022 Credit sales to Lakshman & Co. Rs.60,000/- (Inv No.4) F8
16.04.2022 Cash sales of Rs.30,000/- (Inv No.5) F8
19.04.2022 Credit sales to Shwetha & Co. Rs.25,000/- (Inv No.6) F8
22.04.2022 Credit sales to Priya & Co. Rs.53,000/- (Inv No.7) F8
23.04.2022 Credit sales to Lakshman & Co. Rs.65,000/- (Inv No.8) F8
26.04.2022 Goods returned by Shwetha & Co. Rs.10,000/- (Inv No.5) F7
26.04.2022 Goods returned by Lakshman & Co. Rs.12,000/- (Inv No.4) F7
27.04.2022 Goods returned by Priya & Co. Rs.3000/- (Inv no.3) F7
28.04.2022 Payment made by cheque to Dheeru & Co. Rs.72,000/- F5
28.04.2022 Payment made by cheque to Bala & Co. Rs.75,000/- F5
28.04.2022 Payment made by cheque to Rai & Co. Rs.25,000/- F5
29.04.2022 Received cheque from Shwetha & Co. Rs.90,000/- F6
29.04.2022 Received cheque from Priya & Co. Rs.75,000/- F6
29.04.2022 Received cheque from Lakshman & Co. Rs.48,000/- F6
29.04.2022 Received from Priya & Co. Rs.50,000/- by cash F6
29.04.2022 Received from Lakshman & Co. Rs.65,000/- by cash F6
30.04.2022 Cash deposited into bank Rs.60,000/- F4
05.05.2022 Furniture purchased Rs.50,000/- F5
06.05.2022 Salaries paid Rs.20,000/- F5
06.05.2022 Rent paid Rs.15,000/- F5
07.05.2022 Electricity charges paid Rs.3000/- F5
08.05.2022 Drawings by Raghu Rs.50,000/- F5
09.05.2022 Telephone charges paid Rs.3500/- F5
15.05.2022 Conveyance paid Rs.2000/- F5
19.05.2022 Stationeries paid Rs.2500/- F5
22.05.2022 Staff welfare paid Rs.1500/- F5
23.05.2022 Computer purchased Rs.35,000/- F5
26.05.2022 Depreciation on Furniture @10% F7
28.05.2022 Cash withdrawn from bank Rs.30,000/- F4
Balance sheet-6,98,500/- Net profit-1,48,500/-
 INVENTORY VOUCHER
Exercise-1
DATE PARTICULARS KEYS
01.04.2022 Started business with cash Rs.6,00,000/- F6
01.04.2022 Deposited into bank Rs.2,00,000/- F4
02.04.2022 Credit purchase from Krishna traders F9
Television 50Nos @ Rs.20,000/-
Fridge 100Nos @ Rs.8500/-
CD’s 200Nos @ Rs.5000/-
04.04.2022 Credit purchase from Ram & Co F9
Television 50Nos @Rs.20,000/-
05.04.2022 Credit sales to TV & Sons. F8
Television 75Nos @ Rs.22,000/-
Fridge 75Nos @ Rs.10,000/-
CD’s 120Nos @ Rs.6000/-
07.04.2022 Cash sales F8
Television 20Nos @ Rs.22,000/-
Fridge 20Nos @ Rs.10,000/-
CD’s 50Nos @ Rs.6000/-
Cash discount (-5%)
10.04.2022 Received from TV & Sons. F6
12.04.2022 Paid to Krishna traders F5
14.04.2022 Paid to Ram & Co. F5
Payments made by cash:
16.04.2022 Petty cash Rs.5000/- F4
19.04.2022 Purchased Computer Rs.45,000/- F5
22.04.2022 Purchased Machinery Rs.50,000/- F5
26.04.2022 Salary paid Rs.25,000/- F5
26.04.2022 Electricity charges paid Rs.3400/- F5
28.04.2022 Telephone charges paid Rs.2600/- F5
28.04.2022 Conveyance paid by petty cash Rs.500/- F5
29.04.2022 Postage paid by petty cash Rs.200/- F5
29.04.2022 Depreciation on assets @5% F7
Balance sheet-10,19,050/- P&L-4,19,050/-

Exercise-2
Liabilities Amount Assets Amount
Capital 1,00,000 Furniture 18,000
Computer 30,000
Sundry Creditors: Sundry Debtors:
Prakash & Co. 30,000 Ram & Co. 10,000
Ramesh & Co. 20,000 50,000 Ravi & Co. 20,000 30,000
Loan Closing Stock:
Sharma 38,600 Ceiling Fan 2Nos @800
Table Fan 2Nos @1000
Mixer 2Nos @1500
Grinders 2Nos @2000
Cash at SBI 80,000
Cash on hand 20,000
1,88,600 1,88,600
Above is the Balance sheet of Prem Trading Company for the previous year
1) Purchase from Prakash & Co. Inv No.100
Ceiling Fan 50Nos @ Rs.800/-
Table Fan 50Nos @ Rs.1000/-
Mixer 50Nos @ Rs.1500/-
Grinders 50Nos @ Rs.2000/-
2) Purchase from Ramesh & Co. Inv No.15
Ceiling Fan 50Nos
Table Fan 50Nos
Mixer 50Nos
Grinders 50Nos
3) Credit sales to Ram & Co. Inv No.1
Ceiling Fan 35Nos @ Rs.1000/-
Table Fan 35Nos @ Rs.1500/-
Mixer 35Nos @ Rs.2000/-
Grinders 35Nos @ Rs.2500/-
4) Credit sales to Ravi & Co. Inv No.2
Each item 35Nos KST 4% on total sales
5) Cash sales Inv No.3
Each item 25Nos KST 4%
 Cash discount (-5%)
6) Cheque payment to Prakash & Co. Ramesh & Co., 70% of the purchase value
7) Received cheque from Ram & Co. & Ravi & Co., 80% of the sales values
8) Payment made by cash:
Paid to petty cash Rs.2500/-
Salaries Rs.15,000/-
Wages Rs.10,000/-
Electricity Rs.7000/-
Telephone charges Rs.3000/-
Carriage inwards Rs.5000/-
Carriage outwards Rs.4000/-
9) Payment made by petty cash:
Conveyance Rs.500/-
Staff welfare Rs.300/-
Postages Rs.200/-
Stationeries Rs.800/-
10) Cash withdrawn from bank Rs.1,00,000/-
11) Cash deposited in bank Rs.80,000/-
12) Stationery purchased from Priya stores for Rs.1500/- on credit
13) Depreciation
10% on Furniture
20% on Computer
Balance sheet-4,28,550/-

Exercise-3
Royal electricals started a business of electrical items & home appliances from
Received cash for capital Rs.5,00,000/-
Deposited in UCO bank Rs.2,00,000/-
1) Credit purchase from Govind electrical Inv No.123
Ceiling Fan 100Nos @ Rs.800/-
Table Fan 100Nos @ Rs.1000/-
Mixer 100Nos @ Rs.1500/-
Grinders 100Nos @ Rs.2000/-
2) Credit sales to Ram electrical Inv No.1
Ceiling Fan 70Nos @ Rs.1000/-
Table Fan 70Nos @ Rs.1500/-
Mixer 70Nos @ Rs.2000/-
Grinders 70Nos @ Rs.2500/-
3) Cash sales Inv No.2
 Each items 10Nos cash discount (-)5%
4) Paid cheque to Govind electrical Rs.2,00,000/-
5) Received cheque from Ram electrical Rs.3,00,000/-
6) Payments made by cash
Paid to petty cash Rs.2000/-
Furniture Rs.15,000/-
Salaries Rs.10,000/-
Wages Rs.7000/-
Carriage inwards Rs.1500/-
Rent Rs.10,000/-
Electricity charges Rs.5430/-
Telephone charges Rs.8340/-
7) Payments made of petty cash
Conveyance Rs.200/-
Staff welfare Rs.150/-
Postages Rs.150/-
Stationeries Rs.200/-
8) Depreciation furniture @10%
Balance sheet-9,18,030/- P&L-88,030/-

Exercise-4
Kishore Trading Company started a business of garments at No.44 Gandhi
salai, Nehru nagar, Chennai-4
1) Received capital by cash Rs.5,00,000/-
2) Cash deposited in DSBI bank Rs.2,00,000/-
3) Credit purchase from Royal textiles Inv No.123
Cotton Sarees 50Nos @ Rs.300/-
Chudidhar 50Nos @ Rs.400/-
4) Credit purchase from Santhosh textiles Inv No.53
T-shirts 100Nos @ Rs.100/-
Jeans pant 100Nos @ Rs.1,000/-
5)Credit purchase from Kishore textiles Inv No.20
Cotton Sarees 50Nos @ Rs.300/-
Chudidhar 50Nos @ Rs.400/-
6)Cash purchase
Cotton Sarees 50Nos @ Rs.300/-
Chudidhar 50Nos @ Rs.400/-
7)Credit sales to London stores Inv No.1
Cotton Sarees 60Nos @ Rs.500/-
 Chudidhar 100Nos @ Rs.750/-
T-shirts 60Nos @ Rs.1,000/-
Jeans pant 60Nos @ Rs.1,300/-
8)Cash sales to London stores Inv No.2
Cotton Sarees 40Nos @ Rs.500/-
Chudidhar 25Nos @ Rs.750/-
T-shirts 20Nos @ Rs.1,000/-
Jeans pant 20Nos @ Rs.1,300/-
9)Payments made by cheque
Royal textiles Rs.25,000/-
Kishore textiles Rs.25,000/-
Santhosh textiles Rs.1,00,000/-
10)Received cheque from London stores Rs.2,00,000/-
11)Payments made by cash
Paid to petty cash Rs.2000/-
Furniture Rs.25,000/-
Salaries Rs.30,000/-
Wages Rs.25,000/-
Carriage onwards Rs.4000/-
Rent Rs.10,000/-
Electricity charges Rs.5430/-
Telephone charges Rs.8340/-
12)Depreciation on furniture @10%
13)Payments made of petty cash
Conveyance Rs.250/-
Staff welfare Rs.200/-
Postages Rs.300/-
Stationeries Rs.250/-
Vehicle maintance Rs.250/-
General expenses Rs.150/-
Balance sheet-6,03,080/- P&L-73,080/-

Exercise-5
Light roofing’s Ltd. is a manufactures of roofing’s sheets, started a business
Received cheque from share capital Rs.8,00,000/-
Cash withdrawn from SBI bank Rs.2,00,000/-
1) Purchase raw materials from IOC Inv No.58
Asphalt 3mt @ Rs.5000/-
HSD 3mt @ Rs.5000/-
 SMT 3mt @ Rs.4000/-
2) Purchased from Murugan waste paper company Inv No.43
Waste paper 3mt @Rs.3,000/-
3) Purchased from Radiant traders Inv No.63
Red oxide 50Ltr @Rs.20/-
4) Consumption (Alt+F7) (Raw materials)
Asphalt 1.225mt
HSD 1.225mt
SMT 1.225mt
Waste paper 1.225mt
Red oxide 25ltr
5) Production (Finished goods)
6feet Roofing’s sheets 2000Nos @ Rs.60/-
4feet Roofing’s sheets 2000Nos @ Rs.50/-
4plain Roofing’s sheets 2000Nos @ Rs.50/-
3*2plain sheets 700Nos @ Rs.30/-
6) Credit sales Inv No.1 Usman brothers
6feet Roofing’s sheets 1500Nos @ Rs.80/-
4feet Roofing’s sheets 1500Nos @ Rs.70/-
4plain Roofing’s sheets 1500Nos @ Rs.70/-
3*2plain sheets 300Nos @ Rs.50/-
KST 4% on total sales
7) Cash sales Inv No.2
6feet Roofing’s sheets 300Nos
4feet Roofing’s sheets 300Nos
4plain Roofing’s sheets 300Nos
3*2plain sheets 200Nos
KST 4% on total sales
Cash discount (-)5%
8) Payments made by cheque to IOC company Rs.25,000/- & Murugan waste
Paper company Rs.5000/-
9) Payments made by cheque to IOC company Rs.17,000/- & Murugan waste
Paper company Rs.4000/-
10) Received cheque from Usman brothers Rs.2,00,000/-
11) Payments made by cash
Paid to petty cash Rs.3000/-
Furniture Rs.30,000/-
Computer Rs.30,000/-
Salaries Rs.10,000/-
 Wages Rs.5000/-
Carriage onwards Rs.3000/-
Rent Rs.5000/-
Electricity charges Rs.2800/-
Telephone charges Rs.2200/-
12) Payments made of petty cash
Conveyance Rs.500/-
Postages Rs.300/-
Stationeries Rs.200/-
Staff welfare Rs.200/-
13) Due to professional couriers Rs.2000/- towards postages
14) Depreciation Rs.3000/- on Furniture & Rs.7000/- on Computer
Balance sheet-12,12,515/-

Exercise-6
Healthy proteins chocolate company
Capital received Rs.4,50,000/-
Deposited in bank Rs.75,000/-
Machinery purchased Rs.1,25,000/-
1) Purchase from Coco Company Inv No.4
Coco 55Kg @ Rs.80/-
Sugar 50Kg @ Rs.30/-
2) Purchased from King Company Pvt Ltd. Inv No.5
Sugar 60Kg @ Rs.30/-
Cashew nuts 60Kg @ Rs.220/-
3) Purchased from TNPL & Co. Inv No.6
Colour paper 60Kg @ Rs.100/-
4) Cash purchase Inv No.7
Mango flavour 5Ltr @ Rs.250/-
Grapes flavour 10Ltr @ Rs.200/-
Orange flavour 10Ltr @ Rs.240/-
Apple flavour 4Ltr @ Rs.370/-
5) Company consumption & production
Sugar 20Kgs
Mango flavour 1.5Ltr Mango chocolate 8800Nos
Cashew nuts 8Kgs
Colour paper 8Kgs
6) Company consumption & production
Coco 10Kgs
 Sugar 35Kgs
Grapes flavour 4.5Lts Grapes Chocolate 9400Nos
Cashew nuts 10Kgs
Colour paper 7Kgs
7) Credit sales to Lacto king & Co. Inv No.1
Mango chocolate 5800Nos @ Rs.2/-
Grapes chocolate 8700Nos @ Rs.1.50/-
8) Purchase from Aavin farms Inv No.8
Milk 250Ltr @ Rs.25/-
9) Company consumption & production
Coco 10Kgs
Sugar 10Kgs
Milk 100Lts Dairy milk chocolate 9000Nos
Cashew nuts 7Kgs
Colour paper 10Kgs
10) Same purchase as Sl. No.1 (Coco Company)
11) Same consumption as Sl. No.5 (Mango chocolate)
12) Credit sales to Asai &Co. Inv No.2
Dairy milk chocolate 8000Nos @ Rs.10/-
Grapes chocolate 600Nos @ Rs.1.50/-
Mango chocolate 8000Nos @ Rs.2/-
13) Cash sales to Parry’s Co. Inv No.3
Dairy milk chocolate 700Nos @ Rs.10/-
Grapes chocolate 100Nos @ Rs.1.50/-
Mango chocolate 200Nos @ Rs.2/-
14) Same consumption & production as Sl. No.6 (Grapes chocolate)
15) Cash sales Inv No.4
Dairy milk chocolate 200Nos @ Rs.10/-
Grapes chocolate 7000Nos @ Rs.1.50/-
Mango chocolate 1000Nos @ Rs.2/-
16) Received cash from Lacto king
17) Payment to Coco Company
18) Rent paid Rs.5000/-
19) Salaries paid by cheque Rs.20,000/-
20) Payment to TNPL & Co.
21) Same consumption & production as Sl. No.9 (Dairy milk chocolate)
22) Payment to King & Co.
23) Payment to Aavin farms
24) Received cash from Asai & Co.
25) Received cash from Parry’s & Co.
26) Cash sales Inv No.5
Dairy milk chocolate 7000Nos @ Rs.10/-
Grapes chocolate 2000Nos @ Rs.1.50/-
Mango chocolate 900Nos @ Rs.2/-
27) Depreciation on Machinery @2%
Balance sheet-6,12,606/- P&L-1,62,606/-

GODOWN
Exercise-1
1) Started business with Rs.5,00,000/-
2) Cash deposited to bank Rs.1,50,000/-
3) Create Godowns Bangalore, Mumbai, Delhi, Calcutta
4) Delhi Godown Opening stock:
Washing machine 500Nos
Fridge 350Nos
Micro wave 400Nos
Mixer grinder 200Nos
TV 600Nos
Video player 550Nos
5) Bangalore Godown Opening stock:
Ceiling fan 350Nos
Table fan 450Nos
Air Conditioner 200Nos
Air Cooler 180Nos
6) Ram & company purchased from Mumbai Godown
Fridge 80Nos @ Rs.8500/-
TV 120Nos @ Rs.12,000/-
Video player 60Nos @ Rs.2800/-
Mixer grinder 25Nos @ Rs.1750/-
7) Bhaskar & company purchased from Calcutta Godown:
Washing machine 200Nos @ Rs.6000/-
Fridge 100Nos @ Rs.8500/-
Microwave 50Nos @ Rs.4500/-
Ceiling fan 150Nos @ Rs.850/-
Table fan 75Nos @ Rs.1200/-
Air Cooler 100Nos @ Rs.2200/-
8) Prakash & company purchased from Bangalore Godown:
Ceiling fan 50Nos
TV 120Nos
Air Conditioner 25Nos @ Rs.12,600/-
Micro Waves 50Nos
9) Cash sales from Delhi Godown:
Washing machine 150Nos
Fridge 100Nos
Ceiling fan 75Nos
Table fan 125Nos
Air Cooler 25Nos
10) Transfer each 10 items from respective godowns to Calcutta Godown
11) Ram & company returned 20 TV & Fridges
12) Payment received by cheque from Prakash & company
13) Payment received by cash from Bhaskar & company
14) Paid salary Rs.25,000/-
15) Rent paid Rs.12,000/-
16) Electricity charges paid Rs.3500/-
17) Telephone charges paid Rs.2000/-

Exercise-2
Enter the following transactions of godowns.
Create the godowns: Bangalore, Pune, Chennai & Calcutta
1) Opening quantity at Bangalore Godown:
Monitor 200Nos
Speaker 100Nos
CPU 125Nos
2) Opening quantity at Pune Godown:
Rice 400Kgs
Wheat 500Kgs
Bajra 250Kgs
3) Reema purchased from Bangalore Godown:
Monitor 40Nos @ Rs.1200/-
Speaker 55Nos @ Rs.1250/-
CPU 10Nos @ Rs.1800/-
4) Seema purchased from Calcutta Godown:
Rice 200Kgs @ Rs.20/-
Wheat 250Kgs @ Rs.35/-
5) Transfer 100Kgs of Rice & 100Kgs of Wheat & 150Kgs of Bajra to Chennai
Godown

Exercise-3
Create godowns: Chennai, Bangalore, Calcutta & Delhi for Creative world
furniture
1) Opening stock at Calcutta Godown:
Computer chair 950Nos
Computer Table 500Nos
Writing Table 650Nos
TV Cabinet 550Nos
Aluminum chairs 450Nos
Steel chairs 375Nos
2) Opening stock at Delhi Godown:
Dining table set 150Nos
Wooden sofa set 75Nos
Rexene sofa set 75Nos
Kitchen Cabinet 50Nos
Living Room Cabinet 50Nos
3) Sold the below items to Craft & Craft Furniture world from Bangalore
Godown:
Computer Table 200Nos @ Rs.2750/-
TV Cabinet 250Nos @ Rs.3800/-
Aluminum Chairs 175Nos @ Rs.800/-
Dining Table Set 80Nos @ Rs.14,500/-
Wooden Sofa Set 45Nos @ Rs.15,500/-
Living Room Cabinet 35Nos @ Rs.18,500/-
4) Sold the below items to Make My Home Furniture from Chennai Godown:
Computer Chair 650Nos @ Rs.1400/-
Writing Table 250Nos @ Rs.650/-
Aluminum Chairs 150Nos @ Rs.800/-
Steel Chairs 275Nos @ Rs.650/-
Dining Table Set 50Nos
Wooden Sofa Set 25Nos
Rexene Sofa Set 35Nos @ Rs.21,500/-
Kitchen Cabinet 28Nos @ Rs.14,750/-
Living Room Cabinet 10Nos
5) Paid salary Rs.35,000/-
6) Paid electricity charges Rs.3600/-
7) Paid telephone charges Rs.2500/-
8) Deposited into bank Rs.1,75,000/-

Exercise-4
Create the Godowns for Smruthi industries: Goa, Dharwad, Hubli & Bangalore
1) Opening stock at Bangalore Godown:
Bobbins 500Nos
Bobbins Case 750Nos
14 No. Flat Needle 550Pkts
11 No. Flat Needle 425Pkts
16 No. Round Needle 825Pkts
18 No. Round Needle 750Pkts
2) Opening stock at Goa Godown:
Scissors Small 125Nos
Scissors Big 160Nos
Measuring Tape 525Nos
Satin Ribbon 255Nos
3) Sold the below items to Vardhaman stores from Hubli Godown
Bobbins 370Nos @ Rs.18/-
Bobbin Case 450Nos @ Rs.22/-
14 No. Flat Needle 250Pkts @ Rs.25/-
11 No. Flat Needle 325Pkts @ Rs.29/-
Measuring Tape 225Nos @ Rs.12/-
Satin Ribbon 145Nos @ Rs.19/-
4) Sold the below items to Pragathi stores from Dharwad Godown
14 No. Flat Needle 290Pkts
11 No. Flat Needle 90Pkts
16 No. Round Needle 750Pkts @ Rs.26/-
18 No. Round Needle 550Pkts @ Rs.27/-
Scissors Small 75Nos @ Rs.35/-
Scissors Big 120Nos @ Rs.65/-
Measuring Tape 125Nos

GST: GOODS & SERVICE TAX

Exercise-1
Micro Computer started business with a capital of Rs.1,00,000/-, Bank Balance
Rs.50,000/-, Bank OD Rs.1,00,000/-, Building Rs.1,00,000/-, Furniture &
Fittings.
1) Opening stock of Raw materials
1. Intel Mother Board 10 Nos @ Rs.6000/-
2. Celeron Mother Board 10 Nos @ Rs.4300/-
3. AMD Mother Board 10 Nos @ Rs.3800/-
4. Seagate HDD 10 Nos @ Rs.3200/-
5. Western Digital HDD 10 Nos @ Rs.2800/-
6. Samsung HDD 10 Nos @ Rs3000/-
7. SD 256 MB RAM 10 Nos @ Rs.2500/-
8. SD 512 MB RAM 10 Nos @ Rs.4800/-
9. SD 1024 MB RAM 10 Nos @ Rs.7500/-
10. Cobean Cabinet 10 Nos @ Rs.1200/-
11. Eyeball Cabinet 10 Nos @ Rs.1100/-
12. Frontech Cabinet 10 Nos @ Rs.1450/-
13. Chiconey Keyboard 10 Nos @ Rs.550/-
14. Samsung Keyboard 10 Nos @ Rs.450/-
15. TVSE Keyboard 10 Nos @ Rs.650/-
16. Logitech Mouse 10 Nos @ Rs.750/-
17. Samsung Mouse 10 Nos @ Rs.450/-
18. Wintron Mouse 10 Nos @ Rs.500/-
19. LG Monitor 10 Nos @ Rs.8500/-
20. Samsung Monitor 10 Nos @ Rs.9500/-
21. Wintron Monitor 10 Nos @ Rs.10,600/-
2) Production of 4 Nos of Intel Computers using the below materials
(Consumption & Production) (Alt+F7)
1. Intel Mother Board 4 Nos
2. Seagate HDD 4 Nos
3. SD 256 MB RAM 4 Nos
4. Cobean Cabinet 4 Nos
5. Chiconey Keyboard 4 Nos
6. Logitech Mouse 4 Nos
7. LG Monitor 4 Nos
3) Production of 4 Nos of Celeron Computers using the below materials
(Consumption & Production) (Alt+F7)
1. Celeron Mother Board 4Nos
2. Western Digital HDD 4Nos
3. SD 512 MB RAM 4Nos
4. Eyeball Cabinet 4Nos
5. Samsung Keyboard 4Nos
 6. Samsung Monitor 4Nos
7. Samsung Mouse 4Nos

4) Production of 4 Nos of AMD Computers using the below materials

(Consumption & Production) (Alt+F7)
1. AMD Mother Board 4Nos
2. Samsung HDD 4Nos
3. SD 1024 MB RAM 4Nos
4. Frontech Cabinet 4Nos
5. TVSE Keyboard 4Nos
6. Wintron Mouse 4Nos
7. Wintron Monitor 4Nos
5) Cash sales
1. Intel Computer 1Nos @ Rs.29,000/-
2. Celeron Computer 2Nos @ Rs.26,000/-
3. AMD Computer 2Nos @ Rs.28,000/-
6) Sold Computer to World Computers on credit
1. Intel Computer 2Nos @ Rs.29,000/-
2. Celeron Computer 2Nos @ Rs.26,000/-
3. AMD Computer 2Nos @ Rs.28,000/-
7) Cash Purchase
1. Intel Mother Board 4Nos
2. Celeron Mother Board 4Nos
3. AMD Mother Board 4Nos
4. Seagate HDD 4Nos
5. Western Digital HDD 4Nos
6. Samsung HDD 4Nos
7. SD 256 MB RAM 4Nos
8. SD 512 MB RAM 4Nos
9. SD 1024 MB RAM 4Nos
10. Cobean Cabinet 4Nos
11. Eyeball Cabinet 4Nos
12. Frontech Cabinet 4Nos
13. Chiconey Keyboard 4Nos
14. Samsung Keyboard 4Nos
15. TVSE Keyboard 4Nos
16. Logitech Mouse 4Nos
17. Samsung Mouse 4Nos
 18. Wintron Mouse 4Nos
19. LG Monitor 4Nos
20. Samsung Monitor 4Nos
21. Wintron Monitor 4Nos
8) Credit purchase from Sahyadri Computers
1. Intel Mother Board 4Nos
2. Celeron Mother Board 4Nos
3. AMD Mother Board 4Nos
4. Seagate HDD 4Nos
5. Western Digital HDD 4Nos
6. Samsung HDD 4Nos
7. SD 256 MB RAM 4Nos
8. SD 512 MB RAM 4Nos
9. Cobean Cabinet 4Nos
10. Eyeball Cabinet 4Nos
11. Frontech Cabinet 4Nos
12. Chiconey Keyboard 4Nos
13. Samsung Keyboard 4Nos
14. TVSE Keyboard 4Nos
15. Logitech Mouse 4Nos
16. Samsung Mouse 4Nos
17. Wintron Mouse 4Nos
18. LG Monitor 4Nos
19. Samsung Monitor 4Nos
20. Wintron Monitor 4Nos
9) Cash sales return- Celeron Computers 1Nos & AMD Computers 1Nos
10) Credit sales return- Intel Computers 1Nos & AMD Computers 1Nos
11) Cash purchase return-
1. Intel Mother Board 1Nos
2. Seagate HDD 2Nos
3. SD 256 MB RAM 2Nos
4. Cobean Cabinet 2Nos
5. Chiconey Keyboard 2Nos
6. Logitech Mouse 2Nos
7. LG Monitor 2Nos
12) Credit purchase return
1. Intel Mother Board 2Nos
2. Seagate HDD 2Nos
 3. SD 256 MB RAM 1Nos
4. Cobean Cabinet 2Nos
5. Chiconey Keyboard 2Nos
6. Logitech Mouse 1Nos
7. LG Monitor 2Nos
13) Received payment from World Computer.
14) Paid to Sahyadri Computers.
Note:- GST applicable on Raw materials & Finished goods @18%
Balance sheet-11,57,400/- P&L-21,400/-

Exercise-2
1) Mr. Ramesh started business with the following cash- Rs.30,000/-, Vijaya
Bank- Rs.2000/-, Furniture- Rs.3000/- & Building- Rs.32,000/-
2) Purchased 200Nos of Books @ Rs.20/- each from Mr. Arun on credit
3) Sold 100Nos Books @ Rs.30/- each to Mr. Murali on credit
4) Purchased 150Nos Books @ Rs.20/- each from Mr. Srinath for cash
5) Paid to Mr. Arun on account Rs.3500/-
6) Sold 60Nos Books to Mr. Murali for cash @ Rs.35/-
7) Paid salary Rs.300/- & Commission Rs.25/-
8) Purchased a Dress for his son amounting to Rs.725/- from office cash
9) Charged depreciation on Furniture Rs.30/- & Building Rs.320/-
Note:- GST applicable @ 12%
Balance sheet-71,612/- P&L-1225/-

Exercise-3
1) Mr. Deepak started business with cash Rs.2,00,000/-
2) Purchase from Raj InfoTech, 5 Antivirus software CD’s @ Rs.800/- each
3) Cash purchase of 4 Mobiles @ Rs.10,000/-each
4) Sale of 5 Antivirus software CD’s @ Rs.1500/- to Ramesh & Co.
5) Cash sales of 3 Mobiles @ 12,000/- each
Note:- GST on CD’s is 18%
GST on Mobiles is 12%
Balance sheet-2,14,370/- P&L-9500/-

Exercise-4
1) Mohan Coffee Agencies purchased Arabica Parchment Coffee from ABC Co.
Ltd. 300Kgs @ Rs.50/- per Kg vide bill No.510
2) Sold Arabica Parchment Coffee 100Kgs @ Rs.75/- per Kg to Anil Agencies vide
bill No.001 on credit
3) Purchased 400Kgs of Robusta Cherry Coffee from Allan & Sons @ Rs.65/- per
Kg vide bill No.110
4) Cash received from Anil Agencies Rs.5000/-
5) Cash sales to Naveen Trading 100Kgs of Robusta Cherry Coffee @ Rs.85/- per
Kg vide bill No.002
6) Purchased Pepper 250Kgs @ 150/- per kg from Nilgiri Estate vide bill No.201
on credit
7) Sold 150Kgs of Pepper @ 175/- per Kg to ABC Enterprises vide bill No.003
8) Cash paid to ABC Co. Ltd Rs.5000/-
9) Purchased Arabica Parchment Coffee from 1500Kgs @ Rs.30/- per Kg vide bill
No.315 from Annapurna Estate
10) Purchased 50Kgs of Cardamom @ Rs.300/- per Kg from Giri Estate vide bill
No.228
11) Sold 50Kgs of Arabica Parchment Coffee to Arjun Coffee Links @ Rs.65/- per
Kg vide bill No.005
12) Sold 25Kgs of Cardamom to Mahaveer traders @ Rs.400/- per Kg vide bill No
006 on credit
Note:- GST applicable @5%
Balance sheet-1,50,275/- P&L-13,999/-

Exercise-5
1) Purchased from Micro Tech India Ltd. 10 Monitor @ Rs.4000/- each
2) Sold 10 Monitors @ Rs.4500/- to Girish Traders
3) Purchase 2 HP laptop @ Rs.45,000/- from Icons P.Ltd (Interstate)
4) Cash sale of 2 HP laptop @ Rs.50,000/-
Note:- GST is applicable @18% on both
Balance sheet-1,71,100/- P&L-15,000/-

Exercise-6
1) Mr. Ramesh purchases 1Kg of Silver @ rate of Rs.50,000/- & paid GST from
party M/S. Arun Jewellers
2) Purchased 5 Samsung A/C @ rate of Rs.15,000/- for one piece from Samsung
Company
3) Sold ½ Kg of Silver to M/S. Krishna & Co. for Rs.26,000/-
4) Sold 2Nos of Samsung A/C to Mr. Ganesh @ Rs.16,000/- per piece
5) Krishna & Co. returns ¼ Kg of Silver
6) 1No of Samsung A/C returned to Samsung Co
Note:-GST on Silver is 5%
GST on A/C is 28%
Balance sheet-1,22,110/- P&L-2500/-

Exercise-7
Create a Company as Shreehari Industries & pass the entries
1) Shreehari started business with capital Rs.4,00,000/-
2) Cash deposited of Rs.1,00,000/- @ ICICI bank
3) Paid electricity bill of Rs.1200/-
4) Withdraw of Rs.10,000/- cash for personal use
5) Purchase the following items from Acer India Ltd. (Tamil Nadu)
Computer 10Nos @ Rs.45,000/-
Monitor 5Nos @ Rs.8000/-
Mouse Logitech 5Nos @ Rs.500/-
Mother Board 5Nos @ Rs.5000/-
6) Sold the following items to Ananth Traders (Kerala)
Computer 9Nos @ Rs.50,000/-
Monitor 5Nos @ Rs.8200/-
Mouse Logitech 5Nos @ Rs.550/-
Mother Board 5Nos @ Rs.5500/-
7) Purchase the following items from Intel Solutions (local)
UPS APC 2Nos @ Rs.1600/-
UPS Microtech 2Nos @ Rs.1800/-
Processer Intel 4Nos @ Rs.4500/-
8) Sold the following items of Tams & Co. (local)
UPS APC 2Nos @ Rs.1800/-
UPS Microtech 2Nos @ Rs.2000/-
Processer Intel 3Nos @ Rs.5000/-
9) Received cash from Debtors
10) Paid office rent of Rs.5000/-
11) Purchased Furniture of Rs.25,000/-
Note:- GST applicable on Interstate purchase & sales @18%
GST applicable on local purchase & sales @12%
Balance sheet-10,73,687/- P&L-44,850/-

PAYROLL
Exercise-1
Generate Payroll for National Panasonic Company with the following details
Name Basic Pay Conveyance
 Vinay 12,500/- 1650/-
Manjula 13,600/- 1380/-
Shwetha 15,500/- 1250/-
Ashwini 14,500/- 1400/-
Sunil 22,500/- 2100/-
Babitha 16,500/- 2600/-
Arya 18,900/- 1380/-
1) HRA 35% on Basic pay
2) DA 12% on Basic + HRA
3) CCA 15% on Basic + HRA + DA
4) PF 12% on Basic
5) ESI 8% on Basic
Net Amount-1,88,983/-

Exercise-2
Generate Payroll for Mittal Mine Company with the following details
Name Designation Basic Pay Conveyance
Gowtham Mktg mngr 22,500/- 1550/-
Sandhya Admn mngr 26,600/- 1280/-
Kumar Sales Executive 18,500/- 1450/-
Shruthi Receptionist 10,500/- 1300/-
John Sales Coordinator 21,000/- 1800/-
Divya Accounts mngr 26,500/- 1600/-
Samrat Cashier 12,900/- 1180/-
1) HRA 40% on Basic pay
2) DA 15% on Basic + HRA
3) CCA 18% on Basic + HRA + DA
4) PF 12% on Basic
5) ESI 8% on Basic
Net Amount-2,51,630/-

Exercise-3
Generate Payroll for Johnson & Co. with the following details
Name Group Basic Pay Conveyance
Bhavya Admin 35,000/- 3200/-
Rajesh Admin 16,500/- 1350/-
Smitha Admin 12,800/- 1800/-
Dinesh Admin 28,600/- 2560/-
 Kumar Production 17,200/- 1700/-
Ponnappa Production 15,600/- 1350/-
Prakash Production 14,700/- 1280/-
Jeevitha Sales 22,900/- 1650/-
Kavitha Sales 12,750/- 1250/-
Ambika Sales 11,600/- 1050/-
1) HRA 50% on Basic pay
2) DA 20% on Basic + HRA
3) CCA 18% on Basic + DA
4) PF 12% on Basic
5) ESI 8% on Basic
Net Amount-3,68,260/-

Exercise-4
Generate Payroll for Jerry & Co. with the following details
Name Basic Pay Conveyance
Lakshmi 28,500/-
Smitha 18,200/-
Jeevitha 11,800/-
Kamal 25,600/- 10% of Basic salary
Mohan 19,200/- (Flat rate only)
Kiran 12,600/-
Prakash 16,700/-
Jayanth 21,500/-
Devaraj 12,000/-
Bhagya 10,500/-
1) HRA 45% on Basic pay
2) DA 25% on Basic + HRA
3) CCA 16% on Basic + DA
4) PF 12% on Basic
5) ESI 6% on Basic
Net Amount-3,48,999/-

Exercise-5
Generate Payroll for Jerry & Co. with the following details
Name Basic Pay Conveyance
Palaksh 27,300/-
Divya 14,300/-
 Jigar 12,400/-
Kumar 20,100/- 10% of Basic salary
Niveditha 18,100/- (Flat rate only)
Hema 12,300/-
Navya 13,200/-
Hemanth 25,100/-
Gangadhar 19,000/-
Uma 18,500/-
1) HRA 45% on Basic pay
2) DA 25% on current total earnings
3) CCA 16% on current total earnings
4) PF 12% on Basic
5) ESI 6% on Basic
Net Amount-3,67,801/-

PRICELIST
Exercise-1
Rahul & Co. purchase the following Furniture from Manufacturer
Chairs 700Nos @ Rs.75/-
Computers chair 700Nos @ Rs.115/-
Kushan chair 700Nos @ Rs.175/-
Rahul & Co fixes separate pricelist for customers

1) Dealer price
Chairs
Less than 15Nos Rs.120/-
15Nos to 35Nos Rs.110/- & discount @ 1%
35Nos onwards Rs.100/- & discount @1.5%
Computer Chairs
Less than 15Nos Rs.150/-
15Nos to 35Nos Rs.135/- & discount @ 1%
35Nos onwards Rs.100/- & discount @1.5%
Kushan Chairs
Less than 15Nos Rs.220/-
15Nos to 35Nos Rs.200/- & discount @ 1%
35Nos onwards Rs.190/- & discount @2.5%

2) Retailer price
Chairs
Less than 15Nos Rs.140/-
15Nos to 35Nos Rs.125/- & discount @ 0.5%
35Nos onwards Rs.115/- & discount @1%
Computer Chairs
Less than 15Nos Rs.180/-
15Nos onwards Rs.150/- & discount @ 1%
Kushan Chairs
Less than 15Nos Rs.250/-
15Nos to 35Nos Rs.225/- & discount @ 0.5%
35Nos onwards Rs.200/- & discount @1%

3) End User price

Chairs
Less than 15Nos Rs.150/-
15Nos to 35Nos Rs.135/- & discount @ 0.5%
35Nos onwards Rs.120/- & discount @1%
Computer Chairs
Less than 15Nos Rs.200/-
15Nos to 35Nos Rs.185/- & discount @ 0.5%
35Nos onwards Rs.160/- & discount @ 1%
Kushan Chairs
Less than 15Nos Rs.275/-
15Nos to 35Nos Rs.250/- & discount @ 0.5%
35Nos onwards Rs.225/- & discount @1%

4) Sold to Meena & Co. (dealer price)

Chairs 380Nos
Computer Chair 400Nos
Kushan Chair 425Nos
5) Sold to Rita stores (retailer price)
Chairs 75Nos
Computer Chair 85Nos
Kushan Chair 50Nos
6) Sold to Computer center (end user price)
Chairs 100Nos
Computer Chair 150Nos
Kushan Chair 30Nos
Balance sheet-2,86,100/- P&L-30,600/-
Exercise-2
1) Export price
Cotton Sarees
Less than 50Nos Rs.1000/-
50Nos to 100Nos Rs.700/- & discount @ 3%
More than 100Nos Rs.600/- & discount @ 5%
Chudidhar
Less than 20Nos Rs.1500/-
20Nos to 50Nos Rs.800/- & discount @ 2%
More than 50Nos Rs.500/- & discount@ 5%

2) Retail price
Cotton Sarees
Less than 60Nos Rs.850/- & discount @ 3%
60Nos to 100Nos Rs.500/- & discount @ 4%
More than 100Nos Rs.400/- & discount @ 6%
Chudidhar
Less than 20Nos Rs.900/-
20Nos to 50Nos Rs.900/- & discount @ 10%

3) Whole sale price

Cotton Sarees
Less than 50Nos Rs.700/- & discount @ 3%
50Nos to 100Nos Rs.850/- & discount @ 4%
More than 100Nos Rs.800/- & discount @ 5%
Chudidhar
Less than 20Nos Rs.950/-
20Nos to 50Nos Rs.550/- & discount @ 1%
More than 50Nos Rs.350/- & discount@ 7%

4) Sold to Shaji traders (WSP)

Cotton Sarees 100Nos
Chudidhar 100Nos
5) Sold to Leena Exporters (EP)
Cotton Sarees 150Nos
Chudidhar 100Nos
6) Sold to Anish & Co. (RP)
Cotton Sarees 100Nos
Chudidhar 100Nos
Balance sheet-3,85,000/- P&L-3,85,000/-

Exercise-3
1) Export sales
Ceiling Fan
Less than 50Nos Rs.1600/-
50Nos to 100Nos Rs.1500/- & discount @ 3%
More than 100Nos Rs.1000/- & discount @ 5%
Table Fan
Less than 50Nos Rs.1500/-
50Nos to 100Nos Rs.1000/- & discount @ 2%
More than 100Nos Rs.1000/- & discount @ 5%

2) Domestic sales
Ceiling Fan
Less than 50Nos Rs.1300/-
50Nos to 100Nos Rs.1100/- & discount @ 4%
More than 100Nos Rs.1000/- & discount @ 6%
Table Fan
Less than 50Nos Rs.1300/-
50Nos to 100Nos Rs.1200/- & discount @ 2%
More than 100Nos Rs.900/- & discount @ 10%

2) Sold to Sri Traders (DS)

Ceiling fan 100Nos
Table fan 100Nos
3) Sold to Anu & Co. (ES)
Ceiling fan 150Nos
Table fan 100Nos
Balance sheet-4,40,000/-

Exercise-4
Generate multiple price level for Dhaval Enterprises for the following items
1) Purchased the following items from Shri Marketing
Window Curtains 800Nos @ Rs.75/-
Door Curtains 750Nos @ Rs.95/-
 Cushion Covers 1200Nos @ Rs.25/-
Co. has fixed the following prices for sales at different price levels

2) Dealer price
Window Curtains
Less than 90Nos @ Rs.155/-
90Nos to 150Nos @ Rs.135/-
150Nos to 200Nos @ Rs.125/-
200Nos to 300Nos @ Rs.110/-
Door Curtains
Less than 75Nos @ Rs.165/-
75Nos to 150Nos @ Rs.150/-
150Nos to 200Nos @ Rs.135/-
200Nos & above @ Rs.125/-
Cushion Covers
Less than 100Nos @ Rs.65/-
100Nos to 200Nos @ Rs.55/-
300Nos & above @ Rs.30/-

3) Retail price
Window Curtains
Less than 20Nos @ Rs.185/-
20Nos to 50Nos @ Rs.175/-
50Nos to 75Nos @ Rs.155/-
75 & above @ Rs.140/-
Door Curtains
Less than 35Nos @ Rs.185/-
35Nos to 65Nos @ Rs.170/-
65Nos to 90Nos @ Rs.155/-
90Nos & above @ Rs.135/-
Cushion Covers
Less than 50Nos @ Rs.85/-
50Nos to 100Nos @ Rs.75/-
100Nos & above @ Rs.60/-

4) Sold to Lavanya Textiles (DP)

Window Curtains 175Nos
Door Curtains 225Nos
Cushion Covers 235Nos
5) Sold to Pavithra Traders (RP)
Window Curtains 455Nos
Door Curtains 410Nos
Cushion Covers 750Nos
6) Paid to Shri Marketing 75% of the purchase value
7) Received amount from both the parties of total sales.
Balance sheet-1,35,088/- P&L-94,775/-