Session 12

Topic cover
Bill of materials
Production

1) The following raw materials are required to manufacture one piece of acer laptop (group
electronics)

Raw material Group Category Unit Godown

LCD screen Electronic LG 1 pcs. Noida Godown

Hard disk Electronic INTEX 1 pcs. Noida Godown

Ram Electronic SAMSUNG 1 pcs. Noida Godown

DVD writer Electronic SONY 1 pcs. Noida Godown

USB cable Electronic SAMSUNG 1 pcs. Noida Godown

2) Purchased the following items from Sonia electronics with VAT @ 4% on 02-11-2007 and
stored into Noida
Godown (bill no. Sonia/e/001)

Items Q+ty Amount

LCD screen 8 pcs. 2500

Hard disk 8 pcs. 7000

Ram 8 pcs. 4000

DVD writer 8 pcs. 3500

Sub cable 8 pcs. 1000

3) On 10-11-2007 produce 6 pcs acer laptop and store to Noidagodown additionalcost:labor

charges
Rs. 150 per pcs laptop, power Rs 400, and carriage Rs. 300 on manufacturing. Prepare
a manufacturing voucher type under stock journal (ref no. # L/T/001) (batch no-
LT/P/E/007) expiry date -01-04-2012)
Note: make all payment entries for additional cost from cash.
4) On 10-11-2007 salary Rs 10000 paid to Mr. Vinay Sharma by cash after deducting 12%for
P.F
BASIC 50%
D.A 30%
H.R.A 10%
T.A 10%
 Session 1
1) Create a company “computec info tech pvt ltd (your name) with the following detail

Directory C:/tally/data Country India

Name Computec info tech Currency symbol Rs

Pvt.ltd

Mailing name Perfect job network Maintain Accounts with

inventory
Pvt ltd

Address Karol Bagh 12/24 Financial year 01-04-2007

New Delhi 10021

State Delhi From

e-mail address Computec 1996.com Books beginning 01-04-2007

From:

Security control No Tally vault password <blank>

2) Create the following general ledger with their opening balance and proper grouping
balance sheet for the year ending 31-03-2007

Liabilities Amount Assets Amount

CAPITAL FIXED ASSETS

EQUITY SHARE CAPITAL 12,21,900 GODOWN @10% 272300

PREFERENCE SHARE 200000 GOODWILL 25000

CAPITAL
RESERVE & SURPLUS FURNITURE@10% 20000

CAPITAL RESERVE 45000 LAND 70000

GENERAL RESERVE 65000 BUILDING @10% 65000

SECURED LOAN MACHINERY@15% 50000

LOAN TAKEN FROM 10000 INVESTMENT

VICKY FINANCE
 UNSECURED BOND AT SBI 60000

LOAN FROM VINOD 7000 SHARES OF WIPRO 9600

ENTERPRISE
CURRENT LIABILITIES CURRENT ASSETS

PROVIDIENT FUND 15000 SUNDRY DEBTORS

PRE RECEIVED 17000 MAINSH & 25000

COMMISSION COMPANY
VARSHA 35000
CHATURVEDIA
SANJAY ENTERPRISES 25000

SUNDRY CREDITOR LOAN & ADVANCE

RENU INFOTECH 25000 ADVANCE RENT 5000

VINOD & CO 40000

LALITA & COMPANY 55000 STOCK IN HAND(C.A)

OUTSTANDING CLOSING STOCK 311000

EXP.(CL)
O/S ELECTRICITY BILL 10000 BANK ACCOUNTS

O/S SALARY 5000 ICICI BANK 300000

O/S RENT 7000 AXIS BANK 250000

PROFIT&LOSS 60000 CASH ACCOUNT

CASH 200000

1827900 0 1827900

(standard rate how can apply in the items)

Companies have to setup following standard rate of following rate:

Items Standard cost Standard selling rate
Video game 120 220

Mouse 100 200

Now enter the following voucher entries
02-04-2017 owner introduced Rs 600000 in ICICI bank A/C and Rs 700000 In AXIS
bank A/c
02-04-2017 wages paid rs 1500 by cash
02-04-2017 cash transferred Rs 10000 into petty cash book for daily expenses
02-04-2017 cash withdraw from ICICI Bank A/C Rs 5000(chq. No. 986861)
03-04-2017 outstanding Rent paid by cash
03-04-2017 Cash Deposited into ICICI Bank a/c Rs 8000
03-04-2017 Paid Rs 500 for Office Stationery from Petty Cash
03-04-2017 Owner withdraw cash Rs2000 for his personal use
03-04-2017 paid to Renu Info Tech Rs 15000/- against the bill RE/1001 by cash
04-04-2017 Payment made by Sanjay enterprises Rs 24500 by Axis cheques as full
settlement
(chq no: 254512)
04-04-2017 paid to Lalita & Company Rs 35000/- against the following bills by
cheques of Axis
(chq no:569224)
1) LT/P001- 30000
2) LT/P002-5000
04-04-2017 payment made by Manish & Co. Rs 25000/ by cheques (ICICI) against
the following bills (chq no. 963256)
1) MA/S001- 15000
2) MA/S002-10000
05-04-2017 Received from Varsha Chaturvedi Rs 25000/- by Cheques (ICICI) against
the following the Bills (Ch. No: 427895)
1) VC/A001 -25000
05-04-2017 Rs 25000 paid to Vinod & company against their Bills No:
VN/C001 by cheques Issued from Axis Bank A/c Cheque No (856745)
05-04-2017 Full amount paid to Renu Info Tech by cash with discount @3%
05-04-2017 Bad debts of last year recovered Rs 10000

Additional Question
Export the day book of 02-04-2017 to 05-04-2017 in excel spreadsheet with colors in c:/
Drive with COMPUTEC name and show only accounting Entries

Pass Following below Entries

06-04-2017 Commission has to pay for this month is Rs 5000
06-04-2017 Salary paid by cheques (AXIS) to the following Employees
(Chq no 856321,856322)
Ram Kumar 5500
Sohan Sharma 4500
07-04-2017 Paid advance salary Rs 15000 to Mr. Rohit Kapoor (Including this month
Rs 13000) by
ICICI bank A/c (ch. No: 856567) Pass the Entry
08-04-2017 paid Rs 15000 to Vinod & CO.Against Bill no. VN/C002 through cheques
of Axis Bank RS 5000 (chq no: 523654) and ICICI rs 9500 (chqn no
6325564) rest part of the bill treated as discount
09-04-2017 Company paid medial advance Rs 10000 to Ram Sharma in Cash on 10-
04-2017. He submitted Medical Bill Rs 8000 on 10-04-2017 Company
paid salary Rs 12000 adjust the balance amount medical advance Rs
2000 his salary and has to be deducted P.F @ 12% Pass the entry
10-04-2017 Clear outstanding electricity bill outstanding Salary by Axis Bank A/c
(chs no.784512,784514)
11-04-2017 ICICI Bank charged Rs 40/- and Axis Bank charged Rs 35/- as clearing
charges
12-04-2017 it was found that expenses made for office stationery on 30-04-2017
was actually for Telegram charges. Pass the necessary adjustment entry
13-04-2017 An Expense for wages shows the amount Rs 1500.It should have been
Rs 1520
14-04-2017 Received Interest ICICI Bank Rs 200/- and Axis Bank Rs .150/
15-04-2017 Repair made in cash Rs 1000 on plant @15%
16-04-2017 paid advance income tax Rs 4000 through ICICI chq no 454556
17-04-2017 Ineterest on Loan Charged By Radha & CO Rs 150/-
 SESSION-2
1. Create the following Godowns with details given

Godown Name Address Under

Delhi Narayana Vihar, delhi-21 Primary

Noida Sector-16, Atta market Primary

Noida NCR

2. Update the following stock item as on 01-04-2010 with proper stock groups and details

GODOWNLOCATION:- DELHI GODOWN

Stock Details Opening Balance

Electronincs LG Pcs computer 8 22000 Co/e/01 01.04.06 01.04.09

Electronics Sony Pcs D.V.D 5 1400 D.V/E/02 01. 01.04.09

Electronics Sumsung Pcs Pen Drive 10 675 PD/E/03 01.04.06 01.04.09

Electronics Logitech Pcs Web 5 2500 WC/E/04 01.04.06 01.04.09

Camera

Electronics HCL Pcs Lap Top 3 27000 LT/E/05 01..04.06 01.04.09

GODOWN/LOCATION:-NOIDA

Stock Details Opening balance

Groups Category UOM Item Qty. Rate BATCH Mfg.Date Exp Date
NO.

Electronics LG Pcs Computer 2 22000 CO/E/011 01.04.06 01.04.09

Electronics Sony Pcs D.V.D 5 1400 TO/E/012 01.04.06 01.04.09

Electronics Sumsung Pcs Pen Drive 10 675 CD/E/013 01.04.06 01.04.09

07-04-2010 paid advance salary Rs 15000 to Mr. Rohot Kapoor (including this month Rs.130000 by
ICICI bank

A/c (ch.NO: 856567) Pass the Entry.

08-04-2010 paid Rs 15000 to vinod & Company against Bill NO: VN/C002 through cheques of Axis
Rs.5000
 (chq no: 523654) and ICICI Rs .9500(chq no:633564).Rest part of Bill treated as
discount.

09-04-2010a Company paid medical advance Rs 10000 to Ram sharma in cash on 10-04-2010 he
submitted medical bill Rs 8000 on 10- 04-2010 company paid salary Rs 12000 adjust
the balance amount medical advance Rs 2000 his salary and has to be deducted
P.E@12%. Pass the entry.

10-04-2010 Clear outstanding electricity bill and outstanding salary by Axis Bank A/c.(Ch
.No.784512,7845140)

11-04-2010 ICICI Bank Charged Rs 40/- and Axis bank charged Rs 35/as clearing charges.

12-0402010 It was found that expenses made for office stationery on 03-04-2010 was actually for
Telegram charges .pass the necessary adjustment entry.

13-04-2010 An Expense for wages shows the amount Rs 1500.it should have been Rs 1520.

14-04-2010 Received interest from ICICI Babk Rs 200/ and Axis BANK Rs 150/

15-04-2010 Repair made in cash Rs 1000 on plant @ 15%.

16-04-2010 paid advance income tax Rs4000 through ICICI chq no .454556.

SESSION-5
Topics Cover

 Following Below EPurchase order

 Vat
 Receipt note
 Purchase Invoice (with vat)
 Debit note (with vat adjustment)
 Standard rate entry
 Company tin no-07859858785
1. Place an order to Mr. Chandan Arora Traders to deliver the following goods to our Delhi
Godown
Date: 25-04-2007 Order No.
Ch/ord/001
4-2007 Party: Mr. Chandan Arora
Party Tin no: 079958688987
 Terms of Payment:
04 days
Terms of Delivery:
Dispatch thru:
Transport

a. Computer – 3 Pcs
b. Laptop – 2 Pcs
c. Pen Drive – 10 Pcs
2. Delivery received from vendor in Delhi Godown with challan no.- CH/R/001 against
the order no:- Ch/ord/001
Receipt Note
Date: 30-04-2007
Party: Mr. Chandan Arora
Tracking No: CH/R001 Order No:
Ch/ord/001

a. Computer – 2 Pcs
b. Laptop – 1 Pcs
c. Pen Drive – 5 Pcs
3. Rest goods have been received at our Delhi Godown against the order no- Ch/ord/001 from
Mr. Chandan Arora. We have recorded the details as Challan No- CH/R/002. On 01-05-2007
4. On 03-04-2007, Mr. Chandan Arora sent their Bill against the challan no- CH/R/001 &
CH/R/002. As per our records the Bill number recorded as CH/BILL/01.
1) Computer @ 20000/-
2) Laptop @ 25000/-
3) Pen drive @ 500/-
Additional Charges
1) Input vat 4%
2) Freight on Purchase Rs. 600/-
5. Company paid salary Rs. 13000/- to Mr. Rohit Kapoor & Adjust the amount of Advance
salary 2000/- By cheque of Axis Bank to Mr. Chandan Arora against bill [CH/BILL/01] (chq no:
254802)
6. On 04-05-2007, Rs. 40000/- paid by cheques of Axis Bank to Mr. Chandan Arora against
their bill [CH/BILL/01] (chq no: 254802)
7. On 05-05-2007 purchased the following goods directly from Nisar Pvt. Ltd. On 35 days
credit [Bill no:- NS/01] with Vat @14%
Godown Item ordered Qty. Received Qty. Free
Qty.
Delhi Video Game 8 10 2
Delhi Mouse 10 10 -
8. On 06-05-2007, 1 pcs Computer have been returned back to Mr. Chandan Arora due to
poor quality and the amount has been adjusted with the due bill [CH/BILL/01]. Delhi Note
[CH/001/Ret/002]
NOTE: - (Input vat 4% will be adjusted with return)
9. On 06-05-2007, clear all dues to Mr. Chandan Arora through Axis Bank against their Bill no.
[CH/BILL/01] except 5% [Chq no: 254803]
10. On 07-05-2007, one pieces of Laptop destroy by fire purchase @4% at Rs. 32000/- on
same date company claim to insurance company, but insurance company accepted only 80%
(bill no: INS/Lap/001). Pass the necessary entries.

(CAPITAL GOODS SOLD)

11. Company sold the machinery (coasting value Rs. 15000/-) 10000/- pass thr necessary
entry on 07-05-2007.

Additional Question

See the Vat computation& take a print from D-VAT-30

 Assignment 1
1. Create a company with your name and current date.
2. Company pass the following entry
i. Mr. Ram 160000 Dr. (bill no/11/01)
ii. Mr. Shyam 180000 of(bill no shyam/88/01 Rs 170000, shyam/02/km
10000)
iii. Machinery 200000
iv. Land and building 1000000
v. Cash 300000
vi. SBI 300000
vii. IDBI investment 60000
viii. Kumar and co. 90000 c. (bill no. Kumar/KK/01)
ix. UTI bank 60000
x. Stock 100000 (don’t use stock in opening entry)
3. Stock Details (opening stock)
i. PENDRIVES 20 QTY RS 500
ii. IPOD 30 QTY RS 2000
iii. CD BOX 50 QTY RS 200
iv. MOUSE 50 QTY RS 200
4. Company paid to Mr. Shyam 100000 on 1/4/08
5. Company received amount from Mr. Ram 150000 with the full amount settlement. On
1/4/08
6. Company received internet from IDBI investment 10% on 1/4/08
7. Company place order to Kamal Info Tech with the following items on 1/4/08
i. Ipod 15 qty
ii. Pen rive 10 qty
iii. Mouse 15 qty
Ord. no-ord/Kamal/01/07-08
8. Company place an order to Twins Computer info tech with the following items on
1/4/08
i. I Pods 10 qty
ii. Keyboard 15 qty
9. Company place an order to Kamal info tech with the following items on 2/4/08
i. Keyboard 10 qty
ii. Cd box 10 qty
iii. Mouse 10 qty ord. no-ord/Kamal/02/07-08
10. Company received goods against the order no ord/twins/01/07-08 on
2/4/08(challanno- Ch/twins/01
11. Company received goods against the order no ord/Kamal/01/07-08 company received
goods
IPods 10 Qty, Mouse 10 Qty, Pen Drives 6 Qty(challan – ch/Kamal/01)
12. Company received goods against the order no ord/Kamal/02/07-08 (challan-
ch/Kamal/02)
13. Company received goods against the order no ord/Kamal/01/07-08 remaining goods
with the challan no. ch/Kamal/03
14. Company purchased goods from Kamal info tech with the bill no. Kamal/123/co
Against the challan no ch/Kamal/01 I Pods Rs. 2100, Pen drives Rs.550 and Mouse Rs.
250.
15. Rajan and co. pass the order with the following items I pods 5 qty, Keyboard 5 qty,
Pen drive 5 qty and Mouse 4 qty. Ord. no ord/ran/01
16. Twins computer info tech send a bill Ipods Rs. 260, Keyboard Rs.450 and Cd box Rs.
250 with bill no-twins/0123/05 against the challan.
17. Company rejected 5 qty of Keyboard against challan no-ch/kamal/02
18. Company purchase goods from Kamal info tech with bill no-Kamal/124/cor. Against
the challan no-ch/Kamal/02 and 03. With the last purchased price.
19. Company pass the delivery note against the ord. no-ord/ran/01 with the challan no-
ch/ran/01
20. Company received rejected 1 pcs of pen drive from Ranjan and co, against the challan
no-ch/ran/01
21. Company sold goods to Ranjan and co. against the challan no-ch/ran/01 (bill no-
ran/126655/12. I pod Rs. 2500, Keyboard Rs. 600, Pen drive Rs. 1000, Mouse Rs. 500
22. Company return goods to kamal info tech against bill no.-kamal/124 or, ipod 2 and
keyboard 2 pcs. (ref: -debit/050/012)
23. Company clear all the dues of kamal info tech
24. Company return goods to twins computer info tech against the bill no: -
twins/0123/055.
Keyboard 1 qty and Cd box 3 qty. (ref: -debit/051/013)
25. Company clear all the dues of sundry creditors and received all the dues from sundry
debtors.
` Assignment 3

1. Create a new company with your name and “optional”

2. Company pass the opening entry

i. Cash 50000
ii. Machinery 68000
iii. Investment 56000

3. Company pass the entry for optional purpose

i. Salary paid to Mr. Ram 8500
ii. Wages paid 6500
iii. Commission receive 6580
iv. Company paid rent 5480
Check the report of salary, wages commission and rent with help
of D.A.L

4. Company pass the postdated entry for 1/9/17 on 1/4/17

i. Machinery purchase 45000 in cash
ii. Cash deposit in SBI 10000
iii. Cash withdraw from SBI 4500
(Check the report)
For the date pass the without postdated entry in payment voucher
salary paid to Mr. Kulbushan Rs 5800 on 1/9/17 and then see the
report of machinery, Cash and SBI bank.

5. Create a voucher as follows under the sales accounts

 a. GST@18%
b. GST@28%
c. GST@18% with discount
d. GST@28% with freight 4 based on qty
e. GST@28% with discount and freight RS 200
f. GST@18% with discount Rs 200 and freight 4 based on qty
g. GST@18% with discount as under defined

6. Pass the below entry in vouchers.

i. Sundry debtors Name is Miss Sheetal 15000
ii. 10 qty of Computer Rs 22200
iii. 15 qty of Monitor Rs 5000
iv. 10 qty of Keyboard Rs 150
v. 12 qty of Mouse Rs 200
7. Pass the 4 qty of computer sold to Mr. Pyare Lal bill Amount is 100000. With bill
no-pyare/112

8. See the reports.

9. Company creates a scenario for optional entry for future for casting.
i. Create scenario as name FUTURE FORECASTING.
ii. Include purchase optional voucher in this scenario.
iii. And pass the purchase entry of 2 Computer Rs 24000 with bill no-
1254 in cash in purchase optional vouchers.
iv. Then again see the report in Profit and loss account with the help
of Columns.
 v. Again create another scenario for SALARY OF THE MONTH. Include
in this payment optional voucher.
vi. Pass the 15400 salary payment entry in payment optional
voucher.

10. Company paid commission to Mr. Avinash Rs 15000 in optional voucher. Then
see the report 1 profit and loss account for the purpose of scenario.
 Assignment 4
1. Company introduce the following items Cash Rs 450000, SBI Bank Rs 459000,
Investment Rs 96000
2. Company purchase machinery Rs 15000 for office uses from Miss Kanika Pass the
entry. With the bill no-cash/0125 on 1/1/17.
3. Miss Kanika charged 10 interest p.m on 1/3/17. Pass the entry.
4. Company set the price level for Monitor and Keyboard.
a. Monitor qty Rate T.D
i. Less than 8 qty 10000 2% for merchant
ii. 9 qty to 15 qty 8000 4%
iii. 16 qty to 25 qty 6000 5%
iv. Above 25 qty 4000 4% applicable date is 1/8/2017
b. Keyboard
i. Less than 12 qty 200 2% for wholesaler
ii. 13 qty to 23 qty 280 3%
iii. 24 qty to 35 qty 200 3%
iv. Above 35 qty 150 15 applicable date is 1/9/2017
5. Company sold 16 qty keyboard to Mr. Simran according price level on
2/9/2017(with bill no-sim/125).
6. A company auditor wants to see the reports of sundry debtors and sundry
creditors outstanding bills.
7. A company auditor wants to see the reports of stock according to Days. Under 90
days outward and inward stock.
8. A company auditor checks the bank reconciles statement if Banks.
9. A company accountant faces the problems.
a. How to find Miss Kanika bill information.
b. How to set credit limit of Miss Kanika.
c. Stock status before the month of October.
10. Company send a remainder letter to all debtors for purpose of due payments of
their bills.
11. Company paid rent to Mr. Ajay Rs 300000 before the rent payment company
charges his TDS.
12. Company checks the status of Mr. Ajay and find that his payment is due. Company
clears his accounts with 2% cash discount.
13. Company purchase 100 qty of Hard Disk @4500/- from Mr. Mohan with bill n0-
mohan/125/01. Broker Mr. Vijay Kumar on date 1/5/17.
14. Company paid brokerage to Mr. Vijay Kumar 20% on purchase. Before the
payment company Deduct his TDS on brokerage.
15. Company paid auditing fees to Mr. Ram Lal Rs 90000. Charge TDS.
16. Mr. Mohan charged interest with 10% P.A on 1/8/17 before the payment company
deducts his TDS.
17. Company paid to Mr. Mohan and Mr. Vijay Kumar on 1/8/17.
18. Company paid all TDS to the Govt. from SBI bank.
19. Show all challans of TDS.

SESSION-13

1. Create currency (GOT>accounts info>currencies>create). (alt 156)

2. Put the value/rate of exchange for the new currency (GOT>accounts

info>currencies>alter)

Standard Selling Buying

01-12-2017 Rs. 41/£ 01-12-2017 Rs. 42/£ 01-12-2017 Rs. 41/£

02-12-2017 Rs. 39/£ 02-12-2017 Rs. 40/£ 02-12-2017 Rs. 38/£

3. On 01-12-2017, 10 Book purchased @ 800 from V.P Book house, stored at Delhi

Godown and same day company paid due through ICICI Bank. (Bill No. #vp/001), ch

no-645885.

4. Make another Ledger, Foreign Bank under bank Account having Currency of ledger as

£.

5. Make a Sundry debtor, Mr. Joseph having Currency of Ledger as Rs.

6. Make a Sales Invoice in 01-12-2017, Invoice No.Sal/foreing/01,Party’s A/c name: Mr.

Joseph.
 Sales ledger: Sales Account(Exempt)

Name of Items Quantity Rate Per Amount

Book 6 £ 20 Pcs. £120(Rs.5040)

Rate in Foreign Rate of Exchange Rate in Rs.

£ 20.00/Pcs. @£/Rs.42 Rs. 840.00/pcs

7. Check Balance sheet on 01-12-2017 (GOT>Balance Sheet)

8. Received £120 from Joseph on 02-12-2017 (GOT>Account Voucher) [Foreign Bank Ch.

No46429]

9. Check Balance Sheet again as on 02-12-2017 and do the necessary entries to write off

the balance of Unadjusted Gai/Loss from the Balance Sheet.

10. Create a ledger “Office Expense” and set the budget for the month of “December” of

Rs.30000. on the net transaction named by “Office Budget”.

11. On 10-12-2017, Paid Rs 2000 for Officer Expense through cash.

12. See the report & check budget variance.

Assignment 5

1. Company started a new business of Repair and maintenance service on 1/4/17.

2. Company purchase service of Air ticketing from Tour and Travels services Rs. 6000,

with bill no-Air/455

3. Company purchase service of Dry cleaning from M.K dry cleaners Rs 4800. with bill no-

M.K./45

4. Company provides service of Repairing to Mr. Rohan Rs 190000 with bill no-

Rohan/125.

5. Company received full amount from Mr. Rohan SBI Bank.

6. Company paid sundry creditors.

7. Mr. Yogesh Sangwan, auditor provide a service of auditing for checking accounts For

Rs. 90000 with bill no-yogesh/123

8. Company provide service of repairing Rs 30000 to Mr. Sandeep Kumar with bill no-

san/420

9. Company Set the Credit Limit of Mr. Deepak Kumar with Rs 200000 after that

company Provide service of Repairing Rs 1200 with bill no-depak/144

10. Company paid to Mr. Yogesh Sangwan. In SBI Bank.

11. Company received full amount from Mr. Sandeep Kumar.

12. Company received full amount from Mr. Deepak Kumar.

 Assignment 6

1. Company introduced Cash 49000 and SBI 500000

2. Company Purchase the following Items from Mr. Sahil Khatri with bill no-15/sahil
a. Monitor 145 qty Rs 4500 with GST 18%
b. Hard Disk 100 qty Rs 6000 with GST 18%
c. Motherboard 150 qty Rs 4500 with GST 18%
d. Ram 120 qty Rs 4200 with GST 18%
e. Keyboard 140 qty Rs 4600 with GST 18%
3. Company sold 150 kg scrap of computer to Mr. Om Rs 450 with bill no-
Omi/122(with TCS)
4. Company sold stationery 12 kg scrap to Mr. Lucky Suri Rs 300 with bill no-
Lucky/145(with TCS)
5. Company Purchase 100 qty of Computer from Mr. Gagan Sawant Rs 16000 per qty
with the bill no-Gagan/122(GST@18%)
6. Company Set credit limit of Mr. Naresh Khatri Rs 20000.
7. Company sold 50 qty to Mr. Naresh Khatri Rs 16500 per qty with bill no-
naresh/122 (GST@18%)
8. Company Create a Budget for Machinery Rs 45000
9. Company purchase Machinery Rs 40000 with GST 18%
10. Check your Machinery Budget variance in Trail Balance.
11. Company creates a scenario for stationery Create another voucher “Payment with
Optional”
12. Company pass the stationery purchase entry in “payment with optional voucher”
Rs 4500
13. Check the variance of Scenario in Profit and Loss account with help of Alt + C.
14. Company paid Rent and Advertisement with the contract basic to Mr. Gagan Suri
Rs 45000 for rent and Rs 60000 for advertisement. Charged TDS
15. Mr. Gagan Suri charge 5% interest to company. If the Interest amount will be
greater than 5000 charge TDS.
16. Company sold 100 qty of Monitor Rs 4550 with GST 18% to Miss Bhupinder with
the bill no-Bhupi/125.
17. Company Purchase 160 qty of RAM Rs 1600 to Mr. Mukesh with bill no-
Mukesh/415.
18. Company received and paid to all debtors and creditors
 19. Company purchased Refrigerator Rs 10000 with GST 18% from Mr. Ranjan
Choudhary with bill no-raju/12.
20. Company sold 12 qty of RAM to Mr. Rishab Choudhary with no-rishab/1500 on
1/4/17
21. Company paid to Mr. Ranjan Choudhary with 5% cash discount. Pass this entry to
Debit note
22. Company charged 5% interest to Mr. Rishab Choudhary on 1/9/17
23. Company received all dues from Mr. Rishab Choudhary.

Assignment 8

1. Create UTI, SBI and ICICI Bank with Rs 6000, 4500, 2500

2. Create Cash A/C Rs 4500

3. Create TV with 100 qty opening Rs 6000 and TV, Trolly 150 qty opening Rs

1520.

4. Company received all cheques of Payment in the Favour of SBI bank and

received all the credit card Payment in Favour of UTI bank.

5. Sold 25 qty of TV Rs 6500 to Mr. Ajay Kumar. Mr. Ajay Kumar paid Rs 100000

through Andhra bank (cheque-12346), 50000 paid through Credit Card

(credit no-25486965) and paid cash 12500. With Bill no-2536

6. Sold 30 qty of TV Trolly Rs 1600 to Mr. Arun Kumar. Mr. Arun Kumar paid

multi payment. He paid 45000 through credit card (credit card-1266645) and

paid cash 2500 against his bill. Rs 500 treated as gift voucher (Watch).

7. Company paid Telephone bill Rs 45000 in Cash to MTNL on 1/5/17

a. Employer Paid Rs 500 as an advance on 1/4/17

b. Check your FBT report.

c. Paid FBT to Govt.

8. Company Provide gift to employees Rs 63000. Charge FBT and Check your

FBT Report paid FBT on self assessment basis.

9. Company paid conveyance charged to employees Rs 50000. Charged FBT and

FBT on regular basis.

10. Company provide festival celebration gift to employees Rs 50000, Company

paid advance tax Rs 200. Charge FBT and paid FBT on regular basis.

Assignment 10

1. Create a new company with your name and xyz. (your own name)

2. Company opens the following accounts with the help of last year balance sheet.

Liabilities Amount Assets Amount

A’s Capital 45000 Machinery 100000

B’s Capital 46000
C’s Capital 49000 140000
 Land & Building 45000

General Reserves 50000 Stock 120000

Laon taken from 46900 Cash 45000

Mahindra finance
Laon taken from 68800 SBI 54000
ICICI
Bill Payable 48000 Mr. Bhupinder 12500
Singh Hooda
Provision for bad 45000 Mr. Arminder Singh 65500
debts Hooda
Mr. Ram Singh 63000 Mr. Harpreet Singh 45870
Choudhary
Mr. Rohan Singh 65600 AXIS 55000
Choudhary
Mr. Rahul Singh 85600 Profit and Loss A/C 502030

10044900 10044900

3. Company purchase goods from Mr. Tarun Kumar with bill no-tarun/1266/shi/25
a. Pens 100 boxes Rs. 450
(Per box include 10 pens)
b. Sharpener 190 boxes Rs. 300
c. A4 sizes Paper 150 kg Rs. 800
d. Colour ink 420 kg Rs. 1200
e. Blank ink 420 kg Rs. 800 with GST 18%
4. Mr. M.K. Kakker passes the order to the company for 150 kg of Colour ink with order
no-ord/mk/01.
5. Company passes the delivery note against the order no-ord/mk/01 with the challan
no-ch/mk/01.
6. Company sends the bill no to Mr. Kakker with the rate 1250 with GST 18%. Against the
challan no-ch/mk/01.
7. Sold goods (A4 sizes paper 120 kg Rs. 850, Blank ink 120 kg Rs. 900) to Mr. Goku with
the bill no-goku/1522 but company set the credit limit of Mr. Goku as Rs. 200000. On
1/4/17.
8. Company set the BUDGET of the year. On closing based.
a. Machinery 160000
b. Stationery 20000
c. Commission 20000
d. Salary 30000
9. Company paid salary to the employee of company
a. Mr. Virat 3200
b. Mr. Rahul 1000
c. Mr. Lucky 5850
d. Mr. Omi 5600
e. Miss Gagan 6500
f. Mr. Gagan 4500
g. Miss Bhupinder 4500 (check the variance)
10. Company purchase machinery from Mr. Gohan Rastogi with GST@18% RS 100000 on
1/4/17 with the bill no-Gohan/123. (check the variance)
11. Company charged Interest on Mr. Goku. On 1/6/17 with 10% P.A. pass the proper
entry of interest calculation.
12. On 1/12/17 Mr. Gohan Rastogi charged interest 12% p.a. pass the entry.
13. Company purchase machinery from Mr. tence and co. with Rs 15000 on 1/12/17.
14. Mr. Goku returns 10 kg of Blank ink. Djust his amount. On 1/12/17
15. Company received amount from Mr. Goku with 2% discount. Pass the entry.
16. Company paid to Mr. Gohan Rastogi.
17. Mr. Tyson Purchased 100 boxes Sharpener Rs 350 with GST@18% Bill no-ty/123
18. Company creates a budget for Office exp. Rs 19850 for the period 1/4/17-1/6/17 on
net transaction based.
19. Company paid office exp. 2000 on 1/4/17
20. Company purchased the following goods for office purpose from Mr. Grover interior
a. Computer 10 qty Rs 16000 with GST 18%
b. Sofa set 2 qty Rs 45000 with 18% GST
c. Reynolds Pens box 10 qty Rs 1500 with 18% GST
d. 5 Chairs of Neelkamal RS 5000 with 18% GST
e. Kelvinator 2 A.C Rs 80000 with 18% GST

With the bill no-gro/123/428 (grover launch a scheme for computer if purchase qty
greater than 8 then 1 qty of computer absolutely free…)
21. Company clear all the due of Sundry Creditor and received amount from Sundry
Debtor on 1/3/18.
22. See the report of GST and pass the adjustment entry.
 Session 3
P.O.S INVOICE
[POINT OF SLAE INVOICE]
1. Company Create a voucher with Name-POS INVOICE, and allow only cash, bank Set
the following points:-

Gift Voucher Not Applicable

Debit/Credit Card payments SBI Credit card
Cheques No. SBI Bank
Cash Cash

And set the Cash Discount@-1%

2. Company sales to customer Mr. Bhim Rao the detail are:-

Radio 2pcs @ Rs. 1400 with cash discount @-1% From Noida Godown.
Customer will pay Rs. 500 from Credit card (No-7785 8789 7857 9857), Rs 200 from
Chq of SBI bank no-no-785458 and rest of amount cash.
Pass the POS Entry in the above Voucher on 15.6.2017.
3. Company sold goos to customer Mr. Sohan the details are:-
Items Qty Rs. Cash Discount
Nokia 2pcs 5600 1%
On 05-07-2017, customer paid the amount
a. 4000 by Credit card(no-7858 4587 8965 1254)
b. 1000 by Cheques of Vijay bank No-456587
c. Rest of amount paid by cash
4. On 10-07-2017 Company sold goods to Customer Mr. Lucky the details are:-
5pcs Radio @ 1400 with cash discount @-1%
Customer paid through credit card (No-7858 4587 8246 1254-5000,bank-3000 (ch. No:
12456). Balance paid by cash
5. Company Sales 3 pcs Radio@Rs. 1400 with cash discount-1% to Mr. Sohan on 15-07-
2017. Customer paid the full amount in cash
6. See the print preview of POS Register entry wise.
 Session 9
1. On 02-08-2017, Company has taken loan from HDFC[Unsecured Loan] Rs. 100000,and
deposit into ICICI Bank

2. On 03-08-2017, Company purchased a Refrigerator with including Cost@3% of Rs. 25

from Mr. Pawan Electronics (Bill no:Pa/pur/001) and made down payment of RS. 20
through ICICI Ch.#943211 and for the rest of amount the company give postdated
Cheques of Axis Bank (Rs 5000) [Cheque no: 989922] for the rest of the amount
company passed 1 entry through the accountant transferred memorandum voucher
payment mode.

3. To perform Scenario do the following steps:-

a. Create a new Voucher type “purchase for optional” under Purchase.
b. Pass the following entry as optional under Voucher Type “purchase for optional”.
Purchase 2 pcs. Video Game from Hemant pvt. Ltd. From Delhi Godown on 05-08-
2017. (Bill no-Ns/002)
c. Create a Scenario named as purchase forecast and include only “purchase for
optional and see the effect of scenario.

4. Make two price levels for the (i) Merchant (ii) Wholesaler [Turn on Set/Modify other
Company features?] from Company (F11) then go for the option [Use
multiple price levels for invoicing] Date 10-08-2017.
et the following ranges of Pen-Drive for wholesaler:-
Slab Rate Discount
Less than 2 pcs. Rs. 900.00 2%
2 to less than 5 pcs. Rs. 800.00 4%
5 to less than 10 pcs. Rs. 700.00 8%
Above 10 Pcs.. Rs. 600.00 10%
Set the following Ranges of Pen-Drive for Merchant:-
Slab Rate Discount
Less than 2 pcs. Rs. 850.00 1.5%
2 to less than 5 pcs. Rs. 750.00 3%
5 to less than 10 pcs. Rs. 650.00 5%
Above 10 Pcs.. Rs. 600.00 6%
5. Sold 3 Pcs. Pen-Drive [Delhi Godown] to Bharat Industries (Merchant) based on price
levels on 11-08-2017 (bill no: BI/002).

6. Company charges depreciation on furniture @ 10%, Company Pass the entry in

REVERSING JOURANL only for Future plan in the entry Valid up tp-31.03.2015, pass the
entry on 15-08-2017 and see the variance in P/L A/C. Create a scenario by your own.

7. Count the Pcs of Pen-Drive, Computer, Laptop, Web Camera in the Delhi Godown and
Noida Godown and pass the entry in the physical stock voucher on 20-08-2017.

Assignment 2

1. Create a new company with the following items Cash Rs 488000, SBI Bank Rs 960000
and ICICI investment Rs 45000.
2. Company paid salary to Mr. Ram Singh Choudhary for the Month of April. His basic for
per day is 450 and DA 20% HRA 40% of Basic + DA. Pass the entry
3. Company paid salary to all employees for the month of April.
a. Basic salary per day Rs 400 for Mr. Jitesh (junior accountant), 600 Rs for Mr.
Pawan (senior accountant), 500 Rs. For Mr. Hemant (assistance) and 600 Rs for
Nikita (finance executive)
b. DA 20% of Basic for all.
c. HRA 40% of Basic + DA for all.
d. All employees are present 26 days but Mr. Pawan Absent one day. (Absent per
day Rs. 120)
e. Employees are Mr. Jitesh, Mr. Pawan, Mr. Hemant and Miss Nikita
4. Company Paid salary to Miss Jyoti
a. Basic salary for the month of April 400 Rs per day
b. Present days 26
c. HRA
d. DA
e. Pass above entry for the months of April to June.
f. In August month Miss Jyoti Absent 3 (Absent for per days Rs 120) days and her
present attendance was 23 days.
g. In September Month She was present 25 days but she was absent 1 day.
Company deducts her PF and ESI.
h. In October month she was present 26 days and her basic salary for per day is
450.
i. In October month she had taken advance salary 5000. Company decided
advance will adjust in coming months.
j. In November Month Company Deduct her P.Tax and TDS Rs 4500. P.Tax slab
rates are:- P.Tax charged on Gross Salary if Gross Salary is less than 4500 then
450 if gross salalry is less than 6000 then 650, if gross salary is less than 10000
then 900 and if gross salary more than 10000 the P.Tax Is Rs 1200
 Session 9

1. On 17-05-2017 Company send a Bill Navneet Industries (Bill no.Nav/Bill/001) against

the pending Challan NI/D/001.
a. Computer @28000/- GST @18%
b. Laptop @32000/- GST @18%
c. Pen Drive @700/- GST @18%
2. On 18-05-2017 Company purchase goods from Sohan & sons (Bill
no.sohan/P/001)(Noida Godown)
a. Onida Colour TV 5 Pcs @6500 GST @18%
b. T.V Trolley 3 Pcs @200 GST @28%
3. On 19-05-2017 5 Pcs Onida Colour TV, 3 PCs T.V Trolley transferred Noida Godown to
Delhi Godown. [Ref no#trns/001]
4. On 20-05-2017 Company Sale following goods to Kriti Pvt. Ltd. From Delhi Godown
(bill no. Kirti/sale/001)
a. Onida Colour TV 5 Pcs @8500 GST @18%
b. T.V Trolley 3 Pcs @200 GST @28%
5. On 21-05-2017 Company paid Cheque if ICICI Bank A/c (chq no. 452596) to Sohan &
sons against bill no(Sohan/P/001) Except 5% amount paid the all due amount.
6. On 22-05-2017 Payment made by Kriti Pvt. Ltd. Against the bill no (kirti/sale/001) and
check deposited into Axis bank same day.
7. On 23-05-2017 Navneet Industries Returned 2 Pcs Pen Drive [manufacturing defect]
against the bill no[Nav/Bill/001] Pass the Adjustment entries with output GST @18%
(bill no Ret/nav/001)
8. Company sale the following goods to Rai & Brother on 01-06-2017. Goods are declared
and charged GST @28% on 01-06-2017 from Delhi Godown Bill no. (Rai/GST/001)
Item Rs. GST

1 pcs. Computer 30000 28%

9. Company Purchase (fixed assets) Machinery from Pooja & Company Rs 20000 With
GST @5% and Freight Amount Rs. 500. (Bill no. Pooja/GST/001) on date 05-06-2017.
10. On 10-06-2017 Company 2 Pcs @700, Pen Drive purchase @4% distributed on a free
sample from Delhi Godown.
11. On 15-06-2017 purchase the following goods Nupur Traders with GST @ 18% bill
no.(Nupur/GST/001) (Delhi Godown)
a. 2 Pcs Computer @26000/-
 b. 3 Pcs Pen Drive @650/-
12. On 20-06-2017 Company Export 2 Pcs Computer @30000/- and 3 Pcs Pen Drive @700
from Delhi Godown to American Company. IGST charged @28% bill no.
(export/bill/001)
 Payroll
1. Create Six nits (Gateway of Tally>Payroll
Info.>Unit>Create) Type Simple
Type Simple Symbol Hr.
Symbol Day Formal Name Hour
Number of 2
Formal Name Days
Decimal Place
Number of 1
Decimal Place

Type Simple Type Simple

Symbol Mth Symbol Min

Formal Name Month Formal Name Minute

Number of Decimal Place Number of Decimal Place 2

Type Compound Type Compound

First Unit Conversion Second First Unit Conversion Second

Units Units

Month Of 30 day Hour Of 60 Minute

Create Six Attendance/Production Types.

(Gateway of Tally>Payroll Info>Attendance/Production Types>Create)
Name Paid Leave
Under Primary
Units Day(with paid salary)

Name Casual Leave

Under Primary
Units Day(with paid salary)

Name Sick Leave

Under Primary
Units Day(with paid salary)
Name Earning Leave
 Under Primary
Units Day(with paid salary)
Name Over Time
Under Primary
Units Hour(production)
Name Present
Under Primary
Units Day(with
paid
salary)
1. Create an Employee with following detail…
Category – Purchase Department, Under Primary.
Name Mr. Kinshuk
Kumar[KR/004]

Designation Management

Function Office Management

Date of Birth 01-04-1985

Date of Joining 01-04-2007

Basic Salary Rs. 800/- Per Day

D.A Rs. 2500/- Per month

H.R.A Rs. 30000/- Per month

T.D.S 10%

Children Education Allowance Rs. 300 for two children

P.F(Employee Contribution) 12%

E.S.I(Employee Contribution) 1.75%

E.S.I(Employer Contribution) 4.75%

P.F(Employer Contribution) 12%

2. Give attendance to the employee 26 days.

3. Calculate Salary of Kinshuk for the month of June. Paid salary to him through ICICI
bank A/c.

4. Create an employee with the following detail..

Category – Sale Department, Under Primary.
Name Mr. Lalita
Prajapati[EmpCode-
RJ/002]

Designation Account Manager

 Function Account Maintenance

Date of Birth 01-04-1984

Date of Joining 01-04-2007

Basic Salary Rs. 700/- Per Day

D.A Rs. 2000/- Per month

H.R.A Rs. 25000/- Per month

T.D.S 10%

P.F(Employee Contribution) 12%

5. Give attendance to the employee 26 days.

6. Calculate Salary of Lalita for the month of June and Paid salary to him and paid
Employer Contribution through ICICI Bank.
1. Create an Employee with following detail…
Category – Computer Department, Under Primary.
Name Mr. Nisar Alam(emp code-
NA/008)

Designation Computer Engineer

Function Computer Maintenance

Date of Birth 01-04-1978

Date of Joining 01-04-2007

Basic Salary Rs. 800/- Per Day

D.A Rs. 2100/-

H.R.A Rs. 2500/-

Children Education Allowance Rs. 300 for two children

P.F(Employee Contribution) 12%

E.S.I(Employee Contribution) 1.75%

E.S.I(Employer Contribution) 4.75%

P.F(Employer Contribution) 12%

2. Give attendance to the employee 25 days

3. Calculate salary of Mr. Nisar Alam for the month of June. Paid salary to him and paid
employer contribution through ICICI Bank.
4. Emp code na/008, taken a leave encashment of 5 days of E.L per duty @ Rs. 500
5. Mr. Nisar Alam take a loan month of July Rs. 6000 from company.
6. Mr. Nisar Alam adjust the amount of loan & E.L in next month (aug) from his salary
7. Create an Employee with following detail…
Category – Administration Department, Under Primary, behave like a group “no.”
Name Mr. Vinod Singh(VS/09)

Designation Manager

Function Research and Development

Date of Birth 01-04-1978

 Date of Joining 01-04-2007

Basic Salary Rs. 950/- Per Day

D.A Rs. 2500 per month

H.R.A Rs. 2500 per month

Overtime 4 Hour (Calculate Basic Salary + D.A)

Earning Leave 2 Days

Casual Leave 1 Day

Sick Leave 1 Day

8. Give attendance to the employee 22 days

9. Calculate salary of Vinod for the month of July. Paid salary through ICICI Bank.
10. Mr. Vinod take advance from his salary in the month of august.
11. Check salary slip of Mr. Vinod Singh and Mr. Nisar Alam.
1. Create an Employee with following detail…
Category – Management Department, Under Primary.
Name Mr. Rohit Verma (rv/09)

Designation Hardware Engineer

Function Computer Maintenance

Date of Birth 01-04-1987

Date of Joining 01-04-2000

Basic Salary Rs. 700/- Per Day

D.A Rs. 2000 Per Month

H.R.A Rs. 2500 Per Month

P.F(Employee Contribution) 12%

E.S.I(Employee Contribution) 1.75%

E.S.I(Employer Contribution) 4.75%

P.F(Employer Contribution) 12%

2. Give attendance to employee 26 days.

3. Calculate salary of Mr. Rohit Verma for the month of June. Paid salary to him and paid
employer contribution through ICICI Bank.
4. Mr. Rohit Verma left the job on 01-07-2007, calculate his gratuity amount from 01-04-
2000 to June 2007
5. Create an Employee with following detail…
Category – Administration Department, Under Primary, behave like a group “no.”
Name Mr. Rajender Kumar (rj/01)

Designation Manager

Function Research and Development

Date of Birth 01-04-1980

Basic Salary Rs. 650/- Per Day

D.A Rs. 2400 per month

 H.R.A Rs. 2800

Date of Joining 01-04-199

Earning Leave 2 Days

Casual Leave 1 Day

6. Give attendance to employee 23 days.

7. Calculate salary of Rajender for the month July, paid salary through ICICI Bank A/c
8. Mr. Rajender Kumar left the job on 01-08-2007, calculate gratuity till the month of 01-
08-2007 total gratuity paid to Rajender
9. Emp code – ni/001, do more work than working hours: she got overtime @120 for 5
hours and adjust with salary of month nov 2007.
1. Create an Employee with following detail…
Category – Administration Department, Under Primary, behave like a group “no.”
Name Mr. Naveen Kumar Choudhary

Designation Chartered Accountant

Function Account maintained

Date of Birth 01-04-1980

Date of Joining 01-04-2007

Basic Salary Rs. 1200/- Per Day

D.A Rs. 3500 Per Month

H.R.A Rs. 4000

Children Education Allowance Rs. 300 for two children each

Convene Allowance RS. 2000

P.TAX According to slab rate

P.F(Employee Contribution) 12%

E.S.I(Employee Contribution) 1.75%

E.S.I(Employer Contribution) 4.75%

P.F(Employer Contribution) 12%

Casual Leave 1 Day

Earning Leave 2 Days

Slab rate details

Effective from Rs 5000 Rs 0

01-04-2007 Rs. 5000 Rs 15000 300

Rs 1500 400

1. Give attendance to the employee 23 days.

2. On 01-06-2007 calculate salary Mr. Naveen Kumar Choudhary for the month and paid
salary with employer contribution ICICI Bank A/c
3. Create an Employee with following detail…
Category – Administration Department, Under Primary
Name Mr. Ram Sevak empcode-ra/0014

Designation Worker

Function Goods Produce

Date of Birth 01-04-1980

Date of Joining 01-04-2007

Basic Salary Rs. 80/- Per Day

D.A Rs. 500 Per Month

H.R.A Rs. 600 Per Month

Bonus 50 per Pcs (calculate on 5 pcs)

4. Give attendance to the employee 26 days.

5. Calculate salary of Mr. Ram Sevak for the month July, paid salary through ICICI Bank