Inventory Problems

Exercise 1 Shantanu Enterprises

In the company in Tally.ERP 9 with name "Shantanu Enterprises" and solve transactions
for that
Date Particular Ledger A/c Grp in Vouc
Dr/Cr Tally her
Type

01/04/ Started business with cash Rs 500000/-

2017
02/04/ Open a bank account in bank of India with
2017 depositing cash Rs. 125000/-
03/04/ Purchase of material on credit from Anand
2017 Computer on Credit Rs. 12100/-
(10 mouse® Rs. 150/- each,
8 keyboard @ Rs. 200/- each,
3 Monitor @ Rs. 3000/- each)
05/04/ Sold of material to Shree Computer on credit Rs.
2017 13350/-
(5 Mouse @ Rs. 250/- each,
6 Keyboard® Rs. 350/- each,
2 Monitor @ Rs. 5000/- each)
07/04/ Paid cash to Anand Computer Rs. 6000/-
2017
10/04/ Received cheque from Shree Computer of Rs.
2017 10000/-
(Ch. No 100007, Bank Name : Canara Bank.
Branch : Bibvewadi)
15/04/ Purchase of material on credit Rs. 8000/- from
2017 Mandar computer
(8 mouse@Rs. 125/- each,
5 keyboards @ Rs. 200/- each,
3 Hard disks @Rs.2000/- each)
17/04/ Sold goods to Zep Computers on credit Rs.
2017 13550/-
(7 Mouse @ Rs. 250/- each,
4 keyboard @ Rs. 200/- each,
2 hard disk @ Rs. 5500/- each)
20/04/ Return goods to Mandar Computer of Rs. 525/-
2017 (2 keyboard @ Rs 200/- each,
1 Mouse @ Rs. 125/-)
22/04/ Received goods return by Zep Computer Rs.
2017 6400/-
(2 Mouse @ Rs. 250/- each,
2 Keyboard @Rs. 200/- each,
1 Hard disk @Rs 5500/-)

Unit of Measure :
Stock Items:
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Inventory Problem 2 : In the Books of Sai Creation

Vouc
Date Particular Ledger A/c Grp in tally her
Type
01/04 Started business with cash Rs. 100000/-
/2017
01/04 Deposited Rs. 50000/- in Bank of India while
/2017
opening an account
01/04 Purchase goods from Jaihind collection on credit
/2017
Rs. 10,000/-
30 Formal shirts @ Rs. 150/- each
20 Sports T-shirts @ Rs. 100/- each of Peter
England
10 Leather Jackets @Rs. 350/- each of
Oxford company
02/04 Sold goods to Gallani Collection on credits Rs.
/2017
12,000/-
20 Formal Shirts @ Rs. 250/- each
15 Sports T-shirts @ Rs. 200/- each of
Peter England
8 Leather Jackets @ Rs. 500/- each of
Oxford Company
03/04 Paid Rs. 8000 to Jaihind collection by cheque
/2017
(Ch No 000001)
04/04 Purchased goods from Raymonds on credit Rs.
/2017
• 11,000/-
30 Fancy shirts @ Rs. 200/- each of Ford
10 Formal trousers @ Rs. 500/- each
05/04 Received Rs. 10000 from Gallani collection by
/2017
cheque
(Ch No 37875, Bank Name : HDFC Bank,
Branch : Kothrud)
06/04 Sold goods to Gallani on credit Rs. 3750/-
/2017
5 Fancy Shirts @ Rs. 350/- each of Ford
5 Formal Shirts @ Rs. 200/- each of
Peter England
5 Sports T-shirts @ Rs. 200/- each of
Peter England
07/04 Purchased goods form Jai Hind collection on
/2017
credit Rs. 12500/-
30 Formal Shirts @ Rs. 150/- each
20 Club T-shirts @Rs. 100/- each of
Peter England
10 Formal trousers @Rs. 600/- each of
codra
08/04 Sold goods to Mens collections for credit Rs.
/2017
12500/-
10 Fancy shirts @ Rs. 350/- each of ford
10 Formal Trouser @ Rs. 900/- each of
Codra
13/04 Return goods to Jaihind collections Rs. 750/-
/2017
5 Formal Shirts @Rs. 150/- each of Peter
England
14/04 Received goods returned by Mens collection Rs.
/2017
2500/-
2 Fancy Shirts @ Rs. 350/- each of ford
2 Formal Trousers @ Rs. 900/- each of
codra
15/04 Paid Rs. 6500/- to Raymonds by cheque (Ch No
/2017
000002)

Inventry Details
Unit of Measure: Pcs
Stock Group: 1)Peter England 2)Ford 3) Oxford 4) Quadra
Stock Category 1)Shirt 2)T- Shirt 3) Trousers 4) Jackets

Stock Item Stock Group Category

Formal Shirts -Peter England Shirt
Fancy Shirt -Ford Shirt
Formal Trouser Codra Trousers
Leather Jacket Oxford Jackets
Club T-shirt Peter England T-Shirt
Sports T-Shirt Peter England T-Shirt

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INVENTORY PROBLEM NO 3 (IN THE BOOKS OF GANESH BOOK DEPOT)

Create company in Tally.ERP 9 with name "Ganesh Book Depot" and solve transactions
for that company.

Last Year Balance sheet

Liabilities Amount Assets Amount

Fixed Assets
Capital A/c 500000 365000
(As Per List B)

Current Assets
155000
As Per List C

Sundry Debtors
Sundry Creditors 205000
300000 (As Per List D)
(As Per List A)

Closing Stock
7500
(As Per List E)

Total 800000 Total 800000

List A (Sundry Creditors) List "B" (Fixed Assets)

Jay ganesh Book depot (Bill No 95000 Computer 40000
546)
Gajanan Book Depot (Bill No 65) 110000 Furniture 25000
Saleel Book Depot (Bill No 13) 95000 Building 300000
List "C" (Current Assets) List "D" (Sundry Debtors)

Cash in hand 20000 Anmol Prakashan (Invoice No 85000

306)
Cash at Bank Pragati Book depot (Invoice No 120000
307)
Bank of Maharashtra 45000
Central Bank 35000
Janseva bank 55000
List "E" (Closing Stock at Shop)

MS-Office 100 Qty @Rs 120 each 12000

D.T.P 200 Qty @Rs 90 eoch 18000
Tally 100Qty@Rs. 100 each 10000
MSCIT 350 Qty @Rs 100 each 35000
Date Particular |
Purchase of books from Soham Enterprises on credit Rs. 16500/-. Stock
kept at Warehouse
01/04/2017
100 MS-Office copies @Rs 120/- each
50 Tally copies @Rs. 90/- each
Sold books to Anmol Prakashan from warehouse & Shop on credit Rs.
47500/-
150 MS-Office copies @Rs. 150/- each ( 100 from Shop, 50 from
03/04/2017
Warehouse
100 DTP copies® Rs. 130/- each from Shop
100 Tally copies @ Rs. 120/- each from Shop
20 Tally copies is defective so It was received back from Anmol
05/04/2017
Prakashan & kept at warehouse.
Sold books to Keshav Ram on Credit Rs. 23200/- from shop & warehouse
20 MS-Office copies @Rs. 150/- each from Warehouse,
08/04/2017
100 DTP copies @Rs. 130/- each from Shop
60 Tally copies @Rs. 120/- each from warehouse
10/04/2017 Received cash from Anmol Prakashan Rs. 70000/-
Paid Cheque to Gajanan Book Depot from Bank of Maharashtra Rs.
12/04/2017
20000/- (Cheque No 68001)
30 DTP copies received from Keshav Ram cause of defective. Stock at
15/04/2017
Shop
Received cheque of Rs 10000/- from Keshav Ram & deposited into Bank
17/04/2017 of Maharashtra (Ch. No 321564, Bank Name: ICICI Banl^Branch:
Bhandarkar Rd)
Paid cheque to Soham Enterprises Rs. 12000/- from Bank of Maharashtra
20/04/2017
(Cheque No 68001)
22/04/2017 Sold 20 DTP copies @Rs. 130/- each in cash from Shop
Purchase of Books from Jay Ganesh Book Depot on Credit Rs. 20000/-.
Stock kept at shop
25/04/2017 100 MS-Office copies @Rs 100/- each
50 Tally copies @Rs. 100/- each
50 MSCIT copies @ Rs. 100/- each
28/04/2017 Sold books to Pragati Book Depot on credit Rs. 17800/- from Shop
50 MS-Office copies @Rs. 150/- each
10 DTP copies® Rs. 130/- each
40 Tally copies @ Rs. 120/- each
30 MSCIT copies @Rs. 140/- each
Problem 4: Create company in Tally.ERP 9 with name "Vijay Distributors" and solve
transactions for that company.

Transactions

Date Particulars
01/04/2010 Started business with cash Rs. 200000/-
02/04/2010 Open a bank account in ICICI bank with depositing Rs. 50000/-
03/04/2010 Purchase goods from "D Mart" on credit Rs. 4500/-
50 Itr. Sunflower Oil @Rs. 90/- for each Itr of Gemini
04/04/2010 Sold goods to Reliance Fresh on credit Rs. 3315/-
25.500 Itr. Sunflower Oil @Rs. 130/- for each Itr of Gemini
05/04/2010 Paid cheque of Rs. 4500/- to "D Mart" (Cheque No 505152)
07/04/2010 Purchase goods from "Big Bazaar"on credit Rs. 1 1325/-
75.500 Itr. Groundnut Oil @Rs. 150/- for each Itr of Fortune
08/04/2010 Sold goods to "More" on credit Rs. 7331.25/-
30.750 Itr. Groundnut Oil @Rs. 175/- for each Itr of Fortune
15 Itr. Sunflower Oil @Rs. 1 30/- for each Itr of Fortune
10/04/2010 Received cheque of Rs. 6000/- from "More"
(Cheque No 61 1263, Bank Name : HDFC Bank, Branch : Kothrud)
15/04/2010 Purchase goods from "D Mart" on credit Rs. 18015/-
• 300.250 Ltr. Soyabin Oil @Rs. 60/- for each ltr of Fortune
20/04/2010 Sold goods to "Spencers" on credit Rs. 17000/-
200 Ltr. Soyabin Oil @Rs. 85/- for each ltr of Fortune
22/04/2010 Return goods to "D Mart" Rs. 3285/-
3 Ltr. Sunflower Oil @Rs. 90/- for each of Gemini
50.250 Ltr. Soyabin Oil @Rs. 60/- for each of Gemini
25/04/2010 Received goods return by "Spencer" Rs. 2167.50/-
25.500 Ltr. Soyabin Oil @Rs. 85/- for each ltr of Fortune
30/04/2010 Paid Cheque of Rs. 11325/- to "Big Bazaar". (Cheque No 505153)

=========
INVENTORY PROBLEM NO 5 (IN THE BOOKS OF MEMOREX ELECTRONICS)

Create company in Tally.ERP 9 with name "Memorex Electronics" and solve

transactions for that company.
Last Year Balance Sheet for above company is as follows

Last Year Balance sheet

Liability Amount Asset Amount
Capital A/c 100000 Cash 20000
Bills Payables A/c 5000 State Bank of India A/c 80000
Outstanding Expenses A/c 10000 Bill Receivables A/c 8000
Prepaid Rent A/c 7000
Total 115000 Total 115000

TRANSACTIONS

Date Particulars
Sent Purchase order to Guru Electronics for 100 TV @ Rs 10000/-
01/04/2008
each. Stock kept at warehouse after delivery
Received 100 TV from Guru Electronics @ Rs 10000/- each. Bill
04/04/2008
not yet received. Stock kept at warehouse
Received Purchase order from Pooja electronics for 50 TV @ Rs.
05/04/2008
12000/- each TV to be sold from Shop
Sent 50 TV from Shop @ Rs 12000/- each to Pooja Electronics.
07/04/2008
Bill not sent.
10/04/2008 Sent Purchase order to Guru Electronics for 50 Washing Machine
@Rs.
7000/ each. Stock Kept at Shop.
Received 50 Washing Machines @ Rs. 7000/- each from Guru
13/04/2008
Electronics. Bill not yet received. Stock Kept at Shop.
5 Washing Machines will having some defective so that was return
15/04/2008
to Guru Electronics from Shop
Received 10 defective TV returned by Pooja Electronics. Stock
17/04/2008
kept at Shop.
20/04/2008 10 Defective TV transfer from Shop to Warehouse
20/04/2008 Cash Sales Rs 20000/- (2 Washing Machine @Rs 10000/- each)
Send 10 defective TV returned back to Guru Electronics from
21/04/2008
Warehouse
22/04/2008 All Bills received from Guru Electronics
24/04/2008 All Invoice (Bills) sent to Pooja Electronics.
Send 2 TV and 1 Washing Machine returned back to Guru
24/04/2008
Electronics from Shop
Received cheque of Rs. 300000/- from Pooja Electronics (Cheque
25/04/2008
No. : 654897)
27/04/2008 Paid cheque Rs. 2,88000/- to Guru Electronics (Ch No. 65004)
28/04/2008 Stock taking done. 3 TV & 2 Washing Machine Counted Less.

Sample:
 Stock in godown
Date Particulars voucher
warehous
showroom
e
Sent Purchase order to Guru Electronics for 100 TV @
01/04/2008
Rs 10000/-each. Stock kept at warehouse after delivery
Received 100 TV from Guru Electronics @ Rs 10000/-
04/04/2008
each. Bill not yet received. Stock kept at warehouse
Received Purchase order from Pooja electronics for 50
05/04/2008
TV @ Rs. 12000/- each TV to be sold from Shop
Sent 50 TV from Shop @ Rs 12000/- each to Pooja
07/04/2008
Electronics. Bill not sent.
10/04/2008 Sent Purchase order to Guru Electronics for 50
Washing Machine @Rs.
7000/ each. Stock Kept at Shop.
Received 50 Washing Machines @ Rs. 7000/- each
13/04/2008 from Guru Electronics. Bill not yet received. Stock Kept
at Shop.
5 Washing Machines will having some defective so that
15/04/2008
was return to Guru Electronics from Shop
Received 10 defective TV returned by Pooja
17/04/2008
Electronics. Stock kept at Shop.
20/04/2008 10 Defective TV transfer from Shop to Warehouse
20/04/2008 Cash Sales Rs 20000/- (2 Washing Machine @Rs
10000/- each)
Send 10 defective TV returned back to Guru Electronics
21/04/2008
from Warehouse
22/04/2008 All Bills received from Guru Electronics
24/04/2008 All Invoice (Bills) sent to Pooja Electronics.
Send 2 TV and 1 Washing Machine returned back to
24/04/2008
Guru Electronics from Shop
Received cheque of Rs. 300000/- from Pooja
25/04/2008
Electronics (Cheque No. : 654897)
27/04/2008 Paid cheque Rs. 2,88000/- to Guru Electronics (Ch No.
65004)
28/04/2008 Stock taking done. 3 TV & 2 Washing Machine Counted
Less.