Company Details: The company is based in Delhi and Company Name should be saved by Student

Examination Roll Number. Students can use arbitrary 8 digits codes for Harmonized System of
Nomenclature (HSN) required under GST.

Balance Sheet as at 31-03-2022

(GST : 07AAAAA1111B1ZA)

Amount (In Amount (In

Liabilities Rs.) Assets Rs.)
Capital 45,00,000 Land & Building 50,00,000
General Reserve 15,00,000 Plant & Machinery 10,00,000
Profit & Loss A/c 5,00,000 Investment (Face value Rs. 1,00,000) 1,50,000
Debentures (Secured) 8,00,000 Stock 5,00,000
Sundry Creditors 3,00,000 Sundry Debtors 2,50,000
Provision for Tax 2,50,000 Prepaid Insurance 1,800
Outstanding Salary 50,000 State Bank of India 9,50,000
Cash in Hand 48,200
Total 79,00,000
Total 79,00,000

Details of Stock on 31/03/2022. GST Applicable for Shirts and Trousers in 12%.

Quantity (In
Name of the Items Group Category Pcs) Rate (In Rs.) Value (In Rs.)
ABC Shirt Cotton Shirt Cotton 400 350 1,40,000
ABC Shirt Woolen Shirt Woolen 300 400 1,20,000
ABC Shirt Teri cot Shirt Teri cot 75 200 15,000
XYZ Trouser Cotton Trouser Cotton 200 450 90,000
XYZ Trouser Woolen Trouser Woolen 250 500 1,25,000
XYZ Trouser Teri cot Trouser Teri cot 40 250 10,000
Total 5,00,000

Lists of the Company’s Debtors and Creditors as of 31/03/2022 are as follows:

Amount (In
Sundry Debtors Rs.) Sundry Creditors Amount (In Rs.)
B Ltd. Of Delhi 80,000 M Ltd. Of Delhi 1,00,000
G Ltd. Of Delhi 50,000 S Ltd. Of Punjab 60000
V Ltd. Of Delhi 70,000 A Ltd. Of Delhi 80000
R Ltd. Of Haryana 40,000 D Ltd. Of Delhi 40000
C ( Customer in Delhi) 10,000 E of Delhi 20000
Total 2,50,000 Total 3,00,000

All transactions related to Receipts and Payments have been done through Bank.
Record the following transactions that took place during the financial year 2022- 2023. Narrations are
not required.

S.
No
. Transactions
Purchase from M Ltd. of Delhi dated 01/04/2022. 300 pcs of ABC Shirt Cotton @ Rs. 360 per pcs
1 amounting to Rs. 1,08,000. This amount did not include GST and the GST number of M Ltd. is
07ABCDE1234A1ZA.
Sale to G Ltd. of Delhi of 200 pcs of ABC Shirts Woolen @ Rs. 1,000 per pcs amounting to Rs.
2 2,00,000. This amount did not include GST and the GST number of G Ltd. Is
07AAAAA1234A1ZA.
Sale to R Ltd. Of Haryana of 100 pcs of XYZ Trousers Cotton @ Rs. 2,100 per pcs amounting to
3 Rs. 2,10,000. The amount did not include GST and the GST Number of R Ltd.
06AAAAA1234A1ZA
Paid Rs. 1,15,000/- to M Ltd. in full settlement (including GST ) for the transaction at S. No. 1
4 above.

5 Received Rs. 2,30,000/- from R Ltd. in full settlement (including GST) for their transaction at S.
No. 3 above.
G Ltd. to whom sales were made at S. No. 2 above, returned 15 pcs of ABC Shirts Woolen.
6

Purchased Plant & Machinery on 01-10-2022 for Rs. 8,00,000. This amount did not include GST
and the applicable GST is 18 %. The payment was made by cheque.
7

Purchased Land and Building (GST Exempted) from ABC Ltd. of Delhi for Rs. 30,00,000. To pay
8 ABC Ltd., the company borrowed from the bank, an unsecured loan of Rs. 10,00,000 and issued
Debentures (Unsecured) for the balance amount.

Sold all the investments. 60% of investments have been sold at a profit of 50% of Face Value and
9 the remaining investments have been sold at a profit of 20% of book value.

30 pcs of XYZ Trouser Woolen were destroyed due to abnormal reasons and the SNP Insurance
10 Company accepted the claim to the extent of 60% of the loss and the claim is still payable by the
SNP Insurance Company.
Paid on 31.03.2023
(i) Electricity (GST Exempt) Rs. 20,000
11
(ii) Telephone Expenses inclusive of GST levied @ 18% Rs. 16,520

(iii) Salaries (including Outstanding at the beginning) Rs. 1,00,000

 12 Rent received for the Current financial year is Rs. 8,00,000
13 Outstanding Salary as at 31/03/2023 is Rs. 10,000.
14 Prepaid Insurance as at 31/3/2023 is Zero

Adjustments: Charge Depreciation on Land & Building @ 5% p.a. and on Plant & Machinery @ 20% p.a.

Note: Inventory is to be valued by the automatic and default method provided at Tally.
Transaction in respect of the final settlement of Input and Output GST Tax is not Required.

You are required to create a folder of your system by the name of your Examination Roll Number
and record the above transactions and prepare and save the following in the above folder :
(A) Daybook for the financial year 2022- 2023.
(B) Profit & Loss A/c for the financial year 2022-2023.
(C) Balance Sheet as of 31/03/2023.
(D) GSTR- 3B Report for the financial year 2022-2023.