Tally Questions

Tally Questions
State groups for ledgers and create the ledgers.

1. Ashok starts business with Rs. 100000/-
2. Purchase machinery for Rs. 50000/ and furniture for Rs. 10000
3. Paid amount for rent Rs. 1000/
4. Deposits Rs,. 10000/- in Bank
5. Purchase of goods for Rs. 20000/ from Mr. Ram on credit.
6. Sold goods to Mr. Rakesh for Rs. 10000/
7. Rs. 5000/ withdraws from bank for personal use.
8. Withdraws Rs. 1000/ for office use.
9. Received cash from Mr. Rakesh.
10. Paid to Mr. Ram.
Mr. Ram starts business with Rs. 200000/- and deposited into bank Rs. 40,000.
2. Paid for office building Rs. 50000/ and furniture for Rs. 10000/-
3. Purchase raw material of Rs. 10000 on credit from Mr. Avinash.
4. Paid Wages Rs. 2000
5. Paid salary Rs. 10000
6. Return money to Mr. Avinash in settlement of Rs. 9500.
7. Sold goods to Mr. Shekar Rs. 15000/-
8. Received interest on bank amount Rs. 500.cu nvfb 9 97 b, j 99 cm knnnbb8 Received from Mr.
Shekar after discount of Rs. 500.
10. Sold old news paper Rs. 450/-
11. Sold old furniture Rs. 4000/-
Bib9hfbtnro higher 9
56 d cd m JN 7 75 dt76c1. Albert starts business with Rs. 50,0n0of00.
2. He opens a SBI saving bank account and deposits Rs. 20,000.. 5th job 7c67cnfvxx f6c
3. Bought furniture for Rs. 6 c of, g6c for Rs. 10,000.
4. Purchased goods for Rs. 14,000.nvfb
5. Sold goods for Rs.8, 000.
6. Purchased goods from Malhotra & Company for Rs. 11,000.
7. Paid telephone rent for the year by Cheque Rs. 500
8. Bought one typewriter for Rs. 2,100 from ‘Universal Typewriter Co’. on credit.
9. Sold goods to Keshav Ram for Rs. 12,000.
10. Sold goods to Rajesh Kumar for Rs. 2000 cash.
11. Amount withdrawn from bank for personal use Rs. 1,500.
12. Received cash from Keshav Ram Rs. 11,900 and discount allowed Rs. 100.
13. Paid into bank Rs. 5,800.
14. Bought 50 shares in X Y & Co. Ltd. At Rs.60 per share, brokerage paid Rs. 20.
15. Goods worth Rs. 1,000 found defective were returned to Malhotra & Co. and balance of the amount due to
them settled by issuing a cheque in their favour.
16. Sold 20 shares of X Y & Co. Ltd. at Rs. 65 per share, brokerage paid Rs. 20.
17. Bought goods worth Rs. 2,100 from Ramesh and supplied them to Suresh at Rs. 3,000.
18. Suresh returned goods worth Rs. 100, which in turn were sent to Ramesh.
19. Issued a cheque for Rs. 1,000 in favour of landlord for rent for April.
20. Paid salaries to staff Rs. 1,500.
21. Received from travelling salesman Rs. 2000 for goods sold by him, travelling expenses Rs. 100.
Create a company in the name of Sri Ram Stores and enter the following data
Date : particulars
Amount
01.04.2010. Loan taken from Sundaram Finance Ltd throughCanara bank
Cheque no : 000251 (receipt)
500,000
02/04/2010 Purchase Nokia cell hone model no N 97 50 nos @20000/- plus
sales tax 4 % on on the product valueFrom each from Bhavani Home Needs
10,40,000
inv 561 (Purchase voucher)
04/04/2010 Purchased sony eriricsson C 902 Model mobiles 50Nos @ 16500/- plus
sales tax 4% on the product value From Cell City, inv 1005 dt 04/04/10
8,58,000
(Purchase voucher)
05/04/2010 Sale of Nokia model mobiles N 97 model 25 nos each22500/- plus sales tax 4 % to
5,85,000
Geetha Mobiles stores (Sale Voucher)
07/04/2010 Sales of Sony erricsson C-902 Model 35 nos each@18000/- each plus sales tax 4 %
6,55,200
To Smart cell phones
10/04/2010 Sale of Sony erricsson C 902 model 5nos @ 18000Each and Nokia N 97
model 10 nos @ 22500 eachPlus sales tax 4% to Geetha Mobiles Stores
3,27,600
11/04/2010 Sales of Nokia Model no N 97, 8 nos @ 22500/- eachAnd sony erricsson c-902
model 9 nos @ 18000/- eachPlus sales tax 4% to Smart Cell Phones
3,55,680
15/04/2010 Received Union Bank of india cheque no 550012 fromGeetha Mobiles stores
(deposited to state bank of india) 5,00,000
(ReceiptVoucher)
16/04/2010 Recd icici bank che 550312 dt 16/04/2010 fromSmart Cell phones (Receipt Vocucher)
6,55,200
20/04/2010 Received Union Bank cheque no 550013 dt 20/04/10From Geetha Mobile stores
2,00,000
(Receipt Voucher)
21/04/2010 Recdived ICICI Bank cheque no 550314 from SmartCell Phones (Receipt Voucher)
2,25,680
22/04/2010 Paid to Bhavani Home Needs (through state-Bank of india cheque no 256001) Payment
9,88,000
22/04/2010 Received cash from Geetha Mobiles (receipt)
15,000
22/04/2010 Cash withdrawn from state bank of India throughSBI che 256002 (contra)
50,000
23/04/2010 staff salarypaid through cash (Payment) 12,000
23/04/2010 Paidoffice rentthrough cash 10,000
“ Cash deposited to State Bank of India (Contra)
25,000
25/04/2010 Paid SBI cheque no 256003 to Cell City (Payment)
8,15,100
25/04/2010 discount recd from Cell City (Journal) 42,900
“ discount recd from Bhavani Home Needs
52,000
26/04/2010 Paid sbi che no 256004 to Supreme computers (Payment)Towards purchase of
computer for Office use 25,000
30/04/2010 Interest payable to Sundaram finance @ 18% onRs 500,000 for april (JourPnal)
7,500
30/04/2010 Deduct tds 10.30% on interest from Sundaram Finance 773(Jrnl)
01/05/2010 Paid cash for A4 size white sheet 1 bundle(printing & Stationarya/c) (payment)
150
05/05/2010 Paid sbi che 526005 to Bank of India towards tds forThe month of tds (payment)
773
Mr.Nirmal has the following transactions in the month of April

Write the journal entries for the transactions.
10th April Commenced business with the capital of Rs.1,00,000.

11th April Purchased goods from Veeru Rs. 20000
13th April Purchased goods for Cash Rs.15000
14th April Purchased goods from Abhiram for Cash Rs.9000
16th April Bought goods from Shyam on credit Rs.12000
17th April Sold goods worth 15,000 to Tarun
19th April Sold goods for Cash Rs.20000
20th April Sold goods to Utsav for Cash Rs.6000
21st April Sold goods to Pranav on credit Rs.17000
22nd April Returned goods to Veeru Rs. 3000
23rd April Goods returned to Tarun Rs.1000
25th April Goods taken by the proprietor for personal use Rs.1000
26th April Bought land for Rs.50000
27th April Purchased Machinery for Cash Rs.45000
28th April Bought computers from Intel Computers for Rs.25000
28th Cash Sales Rs.15000
29th April Cash Purchases Rs.22000
30th April Bought Furniture for Proprietors residence and paid cash Rs.10000

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Tally Questions

State groups for ledgers and create the ledgers.

Mr.Nirmal has the following transactions in the month of April

10th April Commenced business with the capital of Rs.1,00,000.

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