INDEX

1. Question
2. Balance Sheet
3. Profit and loss A/C
4. Day Book
5. Cash Book
6. Cash Flow
7. Ratio Analysis
8. Trial Balance
University Roll No : Marks obtained :
Name of the student : Signature :

The company details are as follows:

(a) Name - University Roll No
(b) Address – Your Address, Mobile No. ,Email ID
(c) GSTIN: 07RPAPS9876E1ZX
(d) Email Id - [email protected]
(e) Currency Symbol: ₹
Enter the following transactions in Tally and show various reports
● All transactions of sale and purchase of goods, payments to creditors and receipts
from debtors are done through HDFC Bank.
● Any other payment and receipt is to be done through State Bank of India or Cash.

Balance Sheet as at 31-03-2023

Liabilities Amount Assets Amount

Capital 1000000 Land and Building 1200000

General Reserve 550000 Plant and Machinery 250000

Profit and Loss Account 300000 Investment 300000

Debentures 1200000 Stock 1155500

Loan from Promoters 250000 Debtors 547000

Provision for tax 350000 Bills Receivables 24000

Bills Payable 120000 State Bank of India 500000

Sundry Creditors 370000 HDFC Bank 280000

Salaries outstanding 90000 Cash in Hand 18000

Rent outstanding 50000 Prepaid insurance 5500

4280000 4280000

The company deals in the following stocks:

Name of the Items Group Quantity Rate (₹) GST % Opening Stock
Value

LED TVs Electronics 150 pcs. 800 18 120000

Laptops Electronics 135 pcs. 800 18 108000

Smartphones Electronics 220 pcs. 600 18 132000

Smartwatches Accessories 350 pcs. 1000 12 350000

 Speakers Accessories 650 pcs. 1100 12 715000

Total 1425000
The list of company debtors and creditors is as follows:
Debtors Address GSTIN Balance Due

Tanya Delhi 07MWEGR2345C1ZY 380000

Rahul Delhi 07MWEGR2378C1ZY 66000

Ishita Goa 06MCTFS8734H1Z4 21000

Nikhil Delhi 07RTRDV9034J1Z1 46000

Riya Delhi 07MSTGR2345C1ZY 34000

Total 547000

Creditors Address GSTIN Balance

Payable

Sahil Uttar Pradesh Unregistered 78000

Tanisha Delhi 07MWEGR4589C1ZY 33500

Kanika Delhi 07JTCNF5639E1ZR 66500

Ankit Delhi 07MWEGR6951C1ZY 52000

Meena Chandigarh 04AUDCA2328KIZZ 140000

Total 370000

Record the following transactions :

S.No. Transaction Item Quantity Amount

(exc. GST)

1. Purchase from Kanika LED TVs 40 56000

2. Sale to Nikhil Laptops 100 180000

3. Sale to Ishita Smartwatches 50 150000

4. Paid money to Kanika in full settlement for the 35200

transaction no. 1 above

5. Received from Nikhil and Ishita ₹ 135000 each in full settlement for their
transactions at no. 2 and no. 3 above.
 6. Paid to Tanisha in full settlement of her 32000
account

7. Sold all the investment 450000

8. Purchase from Meena LED TVs 325 430000

9. Purchased Land and Building from ABC Ltd for ₹ 12,00,000. To pay for this the company
borrowed from State Bank of India a loan of ₹ 5,00,000 and issued fully paid debentures of ₹
7,00,000 to ABC Ltd.

10. Sale to Rahul (Trade discount 10% on list Laptops 100 Laptops List
price) Price ₹ 15000/- each

11. Provide depreciation on Plant & Machinery @ 20% p.a.

12. Outstanding to be maintained as on last day :

1. Total Salaries 45000
2. Total Rent outstanding 20000
3. Provision for tax 200000

13. Expenses Paid during the year :

1. Outstanding Salaries 25000
2. Rent (Including outstanding) 35000
3. Tax of last year 450000
4. Insurance Paid
6000

You are required to:-

1. Create a company as per details given above
2. Create appropriate groups and Ledger Accounts.
3. Enter the transactions as given selecting appropriate voucher type.
4. Export the following statements in pdf format :
(a) Balance Sheet
(b) Profit and Loss Account
(c) Day book
 Disha-24973
Surya Nagar New Delhi
E-Mail : [email protected]

Balance Sheet
For 1-Apr-24

Liabilities as at 1-Apr-24 Assets as at 1-Apr-24

Capital Account 15,50,000.00 Fixed Assets 26,00,000.00

Reserves & Surplus 5,50,000.00 Land and Building 24,00,000.00
Capital 10,00,000.00 Plant and Machinery 2,00,000.00

Loans (Liability) 21,50,000.00 Investments

Unsecured Loans 19,00,000.00
Loan From Promoters 2,50,000.00 Current Assets 29,70,300.00
Closing Stock 17,01,000.00
Current Liabilities 12,36,500.00 Sundry Debtors 8,30,500.00
Sundry Creditors 10,36,500.00 Cash-in-Hand 18,000.00
Bills Payable 1,20,000.00 Bank Accounts 3,96,800.00
Rent Outstanding 15,000.00 Bills Receivable 24,000.00
Salaries Outstanding 65,000.00

Profit & Loss A/c 3,64,300.00

Opening Balance 3,00,000.00
Current Period 64,300.00

Difference in opening balances 2,69,500.00

Total 55,70,300.00 Total 55,70,300.00

 Disha-24973
Surya Nagar New Delhi
E-Mail : [email protected]

Profit & Loss A/c

For 1-Apr-24

Particulars For 1-Apr-24 Particulars For 1-Apr-24

Opening Stock 14,25,000.00 Sales Accounts 3,43,500.00

Accessories 10,65,000.00 Sales A/c 3,43,500.00
Electronics 3,60,000.00
Closing Stock 17,01,000.00
Purchase Accounts 4,86,000.00 Accessories 10,15,000.00
Purchases A/c 4,86,000.00 Electronics 6,86,000.00

Gross Profit c/o 1,33,500.00

20,44,500.00 20,44,500.00

Indirect Expenses 2,21,500.00 Gross Profit b/f 1,33,500.00

Depreciation A/c 50,000.00
Discount Allowed 60,000.00 Indirect Incomes 1,52,300.00
Insurance A/c 11,500.00 Discount Received 22,300.00
Tax Paid for the Last Year 1,00,000.00 Profit on Sale of Investments 1,50,000.00
Rent A/c (-)20,000.00
Nett Profit 64,300.00

Total 2,85,800.00 Total 2,85,800.00

 Disha-24973
Surya Nagar New Delhi
E-Mail : [email protected]

Day Book
For 1-Apr-24

Page 1
Date Particulars Vch Type Vch No. Debit Amount Credit Amount
Inwards Qty Outwards Qty
1-Apr-24 Kanika Journal 1 56,000.00
State Bank of India 35,200.00
Discount Received 20,800.00

1-Apr-24 State Bank of India Journal 2 2,70,000.00

Discount Allowed 60,000.00
Nikhil 45,000.00
Ishita 15,000.00
Ankit 2,70,000.00

1-Apr-24 Tanisha Journal 3 33,500.00

State Bank of India 32,000.00
Discount Received 1,500.00

1-Apr-24 HDFC Bank Journal 4 4,50,000.00

Investment 3,00,000.00
Profit on Sale of Investments 1,50,000.00

1-Apr-24 Land and Building Journal 5 12,00,000.00

ABC Ltd. 12,00,000.00

1-Apr-24 (cancelled) Journal 6

1-Apr-24 ABC Ltd. Journal 7 12,00,000.00
State Bank of India 5,00,000.00
Debentures 7,00,000.00

1-Apr-24 Depreciation A/c Journal 8 50,000.00

Plant and Machinery 50,000.00

1-Apr-24 Salaries Outstanding Journal 9 25,000.00

Rent Outstanding 35,000.00
Rent A/c 20,000.00
Tax Paid for the Last Year 4,50,000.00
Insurance A/c 6,000.00
HDFC Bank 5,36,000.00

1-Apr-24 Insurance A/c Journal 10 5,500.00

Prepaid Insurance 5,500.00

1-Apr-24 Provision for Tax Journal 11 3,50,000.00

Tax Paid for the Last Year 3,50,000.00

1-Apr-24 Nikhil Sales 1 1,80,000.00

Sales A/c 1,80,000.00

1-Apr-24 Ishita Sales 2 1,50,000.00

Sales A/c 1,50,000.00

1-Apr-24 Rahul Sales 3 13,500.00

Sales A/c 13,500.00

1-Apr-24 Kanika Purchase 1 56,000.00

Purchases A/c 56,000.00

1-Apr-24 Meena Purchase 2 4,30,000.00

Purchases A/c 4,30,000.00
 Disha-24973
Surya Nagar New Delhi
E-Mail : [email protected]

Cash Flow
Monthly Summary
For 1-Apr-24

Page 1
Cash Movement Nett
Inflow Outflow Flow

April 15,02,300.00 18,85,500.00 (-)3,83,200.00

May
June
July
August
September
October
November
December
January
February
March
Grand Total 15,02,300.00 18,85,500.00 (-)3,83,200.00

2000000

1000000

0
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
 Disha-24973
Surya Nagar New Delhi
E-Mail : [email protected]

Ratio Analysis
For 1-Apr-24

Principal Groups For 1-Apr-24 Principal Ratios For 1-Apr-24

Working Capital 17,33,800.00 Dr Current Ratio 2.40 : 1
(Current Assets-Current Liabilities) (Current Assets : Current Liabilities)
Cash-in-Hand 18,000.00 Dr Quick Ratio 1.03 : 1
Bank Accounts 3,96,800.00 Dr (Current Assets-Stock-in-Hand : Current Liabilities)
Bank OD A/c Debt/Equity Ratio 1.33 : 1
(Loans (Liability) : Capital Account + Nett Profit)
Sundry Debtors 8,30,500.00 Dr
Sundry Creditors 10,36,500.00 Cr Gross Profit % 38.86 %
Nett Profit % 18.72 %
Sales Accounts 3,43,500.00 Cr
Operating Cost % 81.28 %
Purchase Accounts 4,86,000.00 Dr
(as percentage of Sales Accounts)
Stock-in-Hand 17,01,000.00 Dr
Nett Profit 64,300.00 Cr Recv. Turnover in days 2.42 days
(payment performance of Debtors)
Wkg. Capital Turnover 0.20
(Sales Accounts / Working Capital) Return on Investment % 3.98 %
Inventory Turnover 0.20 (Nett Profit / Capital Account + Nett Profit )
(Sales Accounts / Closing Stock) Return on Wkg. Capital % 3.71 %
(Nett Profit / Working Capital) %
 Disha-24973
Surya Nagar New Delhi
E-Mail : [email protected]

Trial Balance
For 1-Apr-24

Page 1
Closing Balance
Debit Credit

Capital Account 15,50,000.00

Reserves & Surplus 5,50,000.00
Capital 10,00,000.00
Loans (Liability) 21,50,000.00
Unsecured Loans 19,00,000.00
Loan From Promoters 2,50,000.00
Current Liabilities 12,36,500.00
Provisions
Sundry Creditors 10,36,500.00
Bills Payable 1,20,000.00
Rent Outstanding 15,000.00
Salaries Outstanding 65,000.00
Fixed Assets 26,00,000.00
Land and Building 24,00,000.00
Plant and Machinery 2,00,000.00
Investments
Current Assets 26,94,300.00
Opening Stock 14,25,000.00
Sundry Debtors 8,30,500.00
Cash-in-Hand 18,000.00
Bank Accounts 3,96,800.00
Bills Receivable 24,000.00
Sales Accounts 3,43,500.00
Sales A/c 3,43,500.00
Purchase Accounts 4,86,000.00
Purchases A/c 4,86,000.00
Indirect Incomes 20,000.00 1,72,300.00
Discount Received 22,300.00
Profit on Sale of Investments 1,50,000.00
Rent A/c 20,000.00
Indirect Expenses 2,21,500.00
Depreciation A/c 50,000.00
Discount Allowed 60,000.00
Insurance A/c 11,500.00
Tax Paid for the Last Year 1,00,000.00
Profit & Loss A/c 3,00,000.00
Difference in opening balances 2,69,500.00
Grand Total 60,21,800.00 60,21,800.00
 Disha-24973
Surya Nagar New Delhi
E-Mail : [email protected]

GSTR-3B
1-Apr-24 to 30-Apr-24

Page 1
GST Registration :
Status : Not Filed Last online GST activity: No Activity Found
ARN :
ARN Date :
Particulars Voucher
Count
Total Vouchers 16
Included in Return
Not Relevant for This Return 9
Uncertain Transactions (Corrections needed) 7
Particulars Taxable IGST CGST SGST/ Cess Tax
Amount UTGST Amount
Return View
3.1 Tax on Outward and Reverse
Charge Inward Supplies
3.2 Interstate Supplies
4 Eligible for Input Tax Credit

A. Input Tax Credit Available (either in

part or in full)
B. Input Tax Credit Reversed
C. Net Input Tax Credit Available (A) - (B)
D. Other Details
1. ITC reclaimed which was reversed
under Table 4(B)(2) in earlier tax period
2. Ineligible ITC under section 16(4) and
ITC restricted due to PoS rules

5 Exempt, Nil Rated, and Non-GST

Inward Supplies
6.1 Interest, Late Fee, Penalty and
Others