B.COM.

(P) I Semester – PRACTICAL EXAM

Paper-1.3 Part C: Computerized Accounts
Duration: 1 hour Max. Marks: 20
University Roll No: ___________________________.
Name of the Student: ___________________________ Marks Obtained:
The company details are as follows; Signature
i. Name - Liniment Ltd (7GXXAARAFA47)
ii. Address: Your Address, Your Mobile No., Your Email ID
iii. Email Id: liniment@gmail.com
iv. Currency Symbol: Rs.
v. GST @18% on all items
Enter the following transactions of the Company in Tally and show various reports
⮚ All purchase and sales transactions of goods, Payment to creditors, and receipt from debtors are done through
Oriental Bank of Commerce
⮚ Any other payment and receipt is done through State Bank of India
Balance Sheet as at 31st March, 2022
Liabilities Amount (₹) Assets Amount (₹)
Capital 5,75,000 Land and Building 3,20,000
Sundry creditors 1,45,000 Furniture 47,000
Reserve and surplus 2,10,000 Investment 80,000
Bank Loan 1,90,000 Sundry debtors 1,65,000
Secured Loan 2,40,000 Cash in hand 32,000
Profit and Loss A/c 25,000 State Bank of India 1,60,000
Debentures 1,60,000 OBC 1,00000
Outstanding salary 7,000 Machinery 50,000
Outstanding Rent 2000 Stock 6,11,000
Provision for Tax 11,000
Total 15,65,000 Total 1565,000

The company deals in the following items-

Stock Item Group Rate (₹) Quantity Amount (₹)
Panasonic Tablet 16,000 17 2,72,000
Vivo Tablet 18,000 6 1,08,000
Realme Mobile 4,000 15 60,000
Samsung Mobile 19,000 9 1,71,000
TOTAL 6,11,000

The list of company debtors and creditors is as follows:

Debtors Balance due (₹) Creditors Balance due (₹)
Agrima Registered 45,000 Pradeep Registered 38,000
Agam unregistered 62,000 Parth Registered 34,000
Ramesh Registered 58,000 Rahim Unregistered 73,000
Total 1,65,000 Total 1,45,000

Record the following transactions that take place during the year 2023-24

S.No Transactions Items Quantity Amount

1 Purchase from Parth Vivo Tablets 3 pcs 51000
real me phone 5 pcs 25000
Panasonic
2 Purchase from Rahim Tablets 2 pcs 56000
Panasonic
3 Sale to Agrima Tablets 5 pcs 130000
4 Paid money to Parth in full settlement for the transaction no 1
above 70000
5 received from Agrima in full settlement for the transaction no -3 125000
 6 Purchase from Pradeep Samsung mobile 2 44000
7 Sale to Agam ( 10% Ton trade discount) Samsung mobile 2 50000
8 purchased Furniture 40000
9 paid insurance premium 5000
10 sold all the investment 150000
11 purchased land & building from Abc Ltd for 200000 to pay this the company borrowed
from bank a loan of Rs 100000 and issued fully paid debenture of Rs 100000 to Abc ltd
12 sale to Ramesh Vivo Tablets 5 125000
13 Paid- GST EXEMPTED
a Outstanding Salaries 5000
b Electricity 3500
c Telephone 1500
d Current Salaries 2000
e Rent ( including outstanding) 4000
f Tax of last year 6000
14 Outstanding -
Total Salaries 4000
Total Provision for Tax 12000
Total rent outstanding 1000
15 Charge depreciation Furniture @ 20 %

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. Display the following statements for the year ended 31st march .
a. Profit and Loss Account
b. Balance Sheet
c.GST report
d. Day book