Question No : 1

Company Name: Supreme Enterprises

State: Tamilnadu
Country: India
Financial Year: 1.4.2015
Start a business with Rs.10,00,000
Introduced with Land and building Rs.50,000 and Furniture Rs.25000
Cash deposited into bank Rs.15000
Salary Paid by cheque Rs.100000 (Ch. No: 100002)
Wages paid Rs.5000
Purchase following goods from Anil & co (CBE) with supplier invoice no: PU/01 with GST 18%
Product Qty Rate
Laptop 50 25000
Computer 50 20000

Sold following goods to Guru & co (CBE) with Reference no: SE/01/20 GST 18%
Product Qty Rate
Laptop 10 35000
Computer 10 25000

Packaging charges Rs.2000 Discount Allowed 2%

Purchase following goods from Gomu & co (Kerala) with supplier invoice no: PU/02 with GST 18%
Product Qty Rate
Laptop 50 25000
Computer 50 20000

Sold following goods to Senthil & co (Delhi) with Reference no: SE/02/20 GST 18%
Product Qty Rate
Laptop 50 35000
Computer 50 25000

Packaging charges Rs.2000 Discount Allowed 2%

Purchase following goods from Govind & co (CBE) with supplier invoice no: PU/03 with GST 18%
Product Qty Rate
Laptop 50 25000
Computer 50 20000

Return following goods To Govind & co (CBE) with supplier invoice no: PU/03 with GST 18%
 Product Qty Rate
Laptop 5 25000
Computer 5 20000

Sold following goods to Selvan & co (CBE) with Reference no: SE/03/20 GST 18%
Product Qty Rate
Laptop 10 35000
Computer 10 25000

Return following goods From Selvan & co (CBE) with Reference no: SE/03/20 GST 18%
Product Qty Rate
Laptop 2 35000

Sold following goods From Naveen & Co (CBE) with Reference no: SE/04/20 Inclusive of Gst 18%
Product Qty Rate
Laptop 10 35000

Paid cheque to Gomu & co Rs.5, 00,000 Bill no: PU/01

Paid cheque to Govind & co Rs. 4, 00,000 Bill no: PU/03
Received Cash from Guru & co Rs.25000 Bill no: SE/01/20
Received Cheque from Selvan & co Rs.30000 Bill no: SE/03/20
50% of amount Received from Naveen & co Bill No: SE/04/20
Commission Received Rs.1500
Paid Electricity Charges Rs.5000
Paid Commission Rs.2000
Interest received from Axis bank Rs.250
Fully settled by Selvan & co Bill no: SE/03/20 by cash

Question No: 2
Company Name: Guptha Traders
State: Tamilnadu
Country: India
Financial Year: 1.4.2015
Start a business with capital of Rs.500000
Purchase goods for Cash Rs.25000
Purchase furniture Rs.15000
Paid Travelling charges and Food expenses Rs.5000
Purchase Machineries Rs.50000
Factory lighting Rs.2000
Wages paid Rs.750
Open a current account to with Rs.5000 in Sbi bank
Sold goods for cash Rs.25000
Purchase Following goods from Sree Devi Textile
Product Qty Rate
Saree 10nos 5000

Return 2nos of Sarees to Sree Devi Textile

Product Qty Rate
Saree 2nos 5000

Sold 5nos of sarees Rs.6000 to Kannan for cash

Product Qty Rate
Saree 5nos 6000

Return 2nos of Sarees from Kannan

Product Qty Rate
Saree 2nos 6000

Received cash from Kannan Rs.15000

Cash paid to Sree Devi textile Rs.25000
Electricity Charges Rs.5000
Cash deposited into Sbi bank Rs.10000
Withdrew cash Rs.2000 for office use
Withdrew cash from ATM for Personal use
Purchase Following goods from Chennai Silk for cash
Product Qty Rate
Silk Sarees 50 2500
Cotton Sarees 50 3000

Return following goods to Chennai Silk

 Product Qty Rate
Silk Sarees 5 2500
Cotton Sarees 5 3000

Sold Following goods to Mahaveers Silks for cash

Product Qty Rate
Silk Sarees 15 4000
Cotton Sarees 15 5000

Return following goods from Mahaveers Silks

Product Qty Rate
Silk Sarees 3 4000
Cotton Sarees 3 5000

Telephone bill paid Rs.2500

Received loan from Sbi Rs.100000
Paid cash to Chennai silks Rs.50000
Deposited cash Rs.15000
Paid rent Rs.5000
Paid to Office stationary Rs.1000
Fuel Expense Rs.500
Purchase water can for office use Rs.2000
Salary Paid Rs.50000

Question No: 3
Company Name: M/s Ganesh Enterpirses
State: Tamilnadu
Country: India
Financial Year: 1.4.2020
1) Cash Deposited in to SBI bank Rs.500000
 2) Axis bank cheque Issued to Hero Company Vehicles 50000 Chq. No (122002)
3) Amount paid to ABT Parcel service Rs.5000
4) Xerox Charges paid Rs.500
5) Purchase of A4 Papers Bundle Rs.2410
6) Amount received on Kannan 28000 and 48000 of HDFC Finance
7) Sale of Vehicle (Activa) to Kannan Rs. 50619 including GST 28% Engine Number
(019HGJ11115)
8) Life Tax paid for Kannan Rs.6454 though Online
9) Axis bank Cheque Issued to Hero Company Rs.100000 (122003)
10) Online Amount transfer to Axis bank from SBI Rs.100000
11) Chq. (458623) Received from Kannan Rs.60000 deposited to Canara bank
12) Sale of Vehicle (Passion Pro) to Kannan Rs.57197 including GST 28% Engine Number
(023HGF20710)
13) Purchase of Vehicles from Hero Company Vehicles with GST (GST No. 29AODPA1945B2ZG) GST
28%
Model Qty (PC’s) Rate Engine Numbers
187H4A03591,300HGA06877,
Glamour 5 (PC’s) 43,892.18 183H4A03636, 301HGA06743,
086HHB70552
018H9F14171, 019H9F14311,
Maestro 5 (PC’s) 38,908.59 012H9F14117, 025HGG11803,
027HGG11785
14) Purchase of Stationery 1000 from Anand Paper mart
15) Salaries Paid to staff through Axis bank Rs.1,00,000 Chq. No 122004) (Admin, Finance &
Marketing equal amount to all departments)
16) 50 PC’s Engine Oil – 250ML Sold to Ravi Traders Rs.300 with GST 18%
17) Purchase Machinery Rs.50000 and Installation Rs.5000
18) Purchase Furniture Rs.25000
19) Received amount from Kannan Rs.50619
20) Glamour Vehicle sold to Guna (187H4A03591) Rs.57,197 with GST
21) Glamour Vehicle sold to Senthil (086HHB70552) Rs.44,685.16 without GST Total amount
due to HDFC Finance
22) Amount Received from Guna Rs.68616
23) Life Tax debited to Guna & Senthil Rs.7851,Rs.7852 (online payment through SBI)
24) Insurance amount debited to Guna & Senthil Rs.3568, Rs.3570
25) Amount received from HDFC Finance Rs.44685 for Senthil
26) Insurance and Life tax amount received from Guna and Senthil by online transfer

Question No: 4
Company Name: Royal Enterprises
State: Tamilnadu
Country: India
Financial Year: 1.4.2020
Start a business with Rs.500000
Purchase goods from Krishna Traders for Rs.25000 bill no. 12514 with GST 18%
Purchase Following goods from Krishna Traders (Chennai) for credit bill no.12515 with GST 18%
 Product Qty Rate
Sugar 50kg 250
Door dal 50kg 200

Sold following goods to Ravi Traders (Salem) for credit Bill no: RE/01/20 with GST 18%
Product Qty Rate
Sugar 15kg 300
Door dal 15kg 250
Purchase Following goods from Ramraj Traders (Kerala) for credit bill no.24545 with GST 18%
Product Qty Rate
Rice 50kg 600
Wheat 50kg 500

Sold following goods to Devi Traders (Delhi) for credit Bill no: RE/02/20 with GST 18%
Product Qty Rate
Rice 15kg 800
Wheat 15kg 600
Purchase Following goods from Dinesh Traders (CBE) for credit bill no.32567 with GST 18%
Product Qty Rate
Ghee 50kg 300
Butter 50kg 400

Return Following goods to Dinesh Traders (CBE) for credit bill no.32567 with GST 18%
Product Qty Rate
Ghee 50kg 300
Butter 50kg 400
Sold following goods to Devan Traders (CBE) for credit Bill no: RE/03/20 with GST 18%
Product Qty Rate
Ghee 50kg 400
Butter 50kg 600
Return following goods from Devan Traders (CBE) for credit Bill no: RE/3/20 with GST 18%
Product Qty Rate
Ghee 50kg 400
Butter 50kg 600
Amount paid to Krishna traders for cash Rs.22500 by cash bill no.12515
Received cash from Ravi Traders Rs.5000 Bill no: RE/01/20

Amount paid to Ramraj Traders for Cheque Rs.25,000 bill no. 24545
Received cash from Devi Traders Rs.12000 Bill no: RE/02/20
50% of amount Received from Dinesh Traders bill no.32567 by cash
Fully settled by Devan traders by cash