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12 views3 pages

Test 2

Uploaded by

aryaveermalik645
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Test-2

Computerised Accounting – Financial Accounting


The company details are as follows:
● Name- College Roll No. i.e. 501
● Address: Your Address, Phone & Mobile No.
● GSTN No.: 20AKR2111Q1X3,
● Email Id: Your official mail
● State: Delhi
● Period 2024-2025
● Books Starts from 1st April 2024
You are Required to :
1. Enter the following transactions of the Company in TallyPrime.
2. Generate the following Reports in detailed Format of the Company in PDF and merge all the PDF in
one file with Your College Roll No. and upload on Google Classroom within the time limit:
✔ Profit and Loss A/c
✔ Balance Sheet
✔ Trial Balance
✔ Day Book

Note:
Item GST RATE
Kitchen Appliances 10%
TV 18%

✔ All purchase and sales transactions of goods, Payments to creditors, and receipt from debtors are
done through Current Account.
✔ Any other payment except bank expenses and receipt is done through cash.
Note:
Trial Balance as on 1st April, 2024
Debit Rs. Credit Rs.
Cash in Hand ? Capital 15,00,000
Cash at Bank: Outstanding Salaries 15,000
SBI Saving Account 12,00,000 Bank Loan from SBI 5,00,000
Debentures in KIA Motors Ltd. 1,50,000 O/S Interest on loan 20,000
Shares in JK Infotech 2,00,000 Provision for Debts 5,000
Furniture 50,000 Provision for Tax 80,000
Prepaid Insurance 10,000 Sundry Creditors** 30,000
Sundry Debtors** 15,000
Stock in Trade* 3,75,000

21,50,000 21,50,000

*Details of stocks:
Name of the Items Units Rate (Rs.) (Per unit) Total Rs.
Electric Kettle –LG 30 750/- 22,500
Gas Stove – Philips 20 3,500/- 70,000
Sandwich maker – LG 40 600/- 24,000
Roti maker – LG 20 1,450/- 29,000
Hand Blender – Philips 20 650/- 13,000
Water Bottles – Cello 30 550/- 16,500
SONY Smart TV 55” 10 20,000 2,00,000

**Details of Sundry Debtors and Creditors:


Sundry Debtors Rs. Sundry Creditors Rs.
Neha 2,000 Kumar Traders- Gurugram, Haryana 21,000
Jaya 8,000 KK Home Appliances Ltd.- Delhi 9,000
Akshdeep 5,000
Following transactions took place during the year :

1. Opened a Current Account in SBI with Rs. 10,00,000 from Saving Account.
2. Rs. 7,900 Received from Jaya in full settlement of his claim and paid Rs. 20,500 to Kumar Traders in
full settlement.
3. Sold 1 units of Sony Smart TV 55 @ Rs. 33,000/ and 1 Water Bottles – Cello to a consumer (from
Gurugram, Haryana) in Rs. 800.
4. Distributed 10 Water Bottles – Cello free of cost under promotion of the company.
Following sales were made to Kumar Electrohub- Jaipur in cash:
5. Gas Stove – Philips 5 pcs. @ 30% Profit Margin 5% Trade Discount
Sandwich maker – LG 25 pcs. @ 40% Profit Margin
Sony Smart TV 55” 2 @ Rs. 35,000 each
Include the following in the Bill
Offer Cash Discount Rs. 1,000
Delivery Charges Rs. 500
Following Purchases were made from KK Home Appliances Ltd. - Delhi:
6.
Coffee Maker–Philips 20 Units @ Rs. 1,500 /- 5% Trade Discount On Cash
Dinner Set - Borosil 30 pcs. @ Rs. 2,900 /- 5% Trade Discount On Cash
Lunch Boxes – Borosil 20 pcs. @ Rs. 900 /- On Credit
MI Smart TV 32” 10 Unit @ Rs. 11,000
/-
7. 5 pcs. of Dinner Set - Borosil were returned to KK Home Appliances Ltd due to breakage.
8. One Lunch Boxes - Borosil and one Water Bottle – Cello was used by the owner.
9. 80% Debentures in KIA Motors Ltd. were sold in 2,00,000.
10 Received only 90% from Akshdeep and a Provision for Doubtful Debt is to be maintained 3,500 for the
. current year.
11 Building Costing Rs. 15,00,000 Purchased from ATS Builders and paid Rs. 4,00,000 from Current
. Account, Rs. 1,00,000 from Saving Account Give shares of JK Infotech of Rs. 2,00,000.
12 ● Salary Rs. 35,000 was paid including outstanding Salaries.
.
● Salesman Commission paid Rs. 20,000 including 5,000 advance.
● Rent Rs. 40,000 with Security Deposit of Rs. 50,000 to landlord.
● Advertisement Expenses Rs. 2,500.
● Electricity Bill Paid Rs. 5,000.
● Bank Charges Rs. 100.
13 Interest on Capital @ 2% on opening balance.
. Depreciation on Furniture @ 15%.
14 Transfer Rs. 5,000 to General Reserve.
. Cash lost Rs. 5,000 from the office.
15 Rs. 28,000 paid as Tax and maintained provision for tax Rs. 50,000 for the year.
.

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