Page 1 of 1

SESSION 1 INTRODUCTION TO ACCOUNTING

ACCOUNTING:
Accounting is an art of business communication.
Accounting is an art of recording, classifying and summarizing in significant manner are in terms of money
transactions and event which are, in part, at least of a financial character and interpreting the result there of
ADVANTAGES OF ACCOUNTING
1. By keeping accounting They can understand the profit or loss in a particular time period
2. They can understand the following financial position of business
a. How many assets are in business
b. How many liabilities of business
c. How many capital are in business
3. Also they can understand the reasons of profit or loss by keeping accounting. Considering above
advantages they can easily understand that accounting is the soul of business.
DEFINITION
While learning accounting they have to use some words regularly. First they understand meaning of these
words.
1. Goods: Goods are regularly and mainly purchase and sales in business. Eg. In a kirana store soaps,
oils etc., are goods. Profit depends on purchasing and selling of goods.
2. Assets: Assets valuable things which are essential and assets of business. Eg. Building Vaical,
machinery, furniture etc.,
3. Liabilities: Liabilities are given by business to other Eg. Loans taken from bank, purchasing goods on
credit.
4. Capital: Capital means the investment made by the owner of business. This capital is in the form of
Cash, goods or assets. As this capital is invested by the owner of the business, according to the
business this capital is also consider as a liabilities.
5. Debtor: Persons who are belongs to give us certain amount are called debtor.
6. Creditor: Persons to whom our business has to give certain amount are called credit
TRANSACTIONS:
A transaction is an event that changes the organization’s financial position and/or its earnings. For example,
when you deposit Cash in the bank, your Cash balance reduces and bank balance increases; when you sell
goods for Cash, your Cash balance increases and your stock reduces.
TYPE OF ACCOUNTING
1. Personal Account: All persons, societies, trusts, bank and companies accounts are personal
accounts. Eg. Ramya A/c, Subash Sales A/c, Parveen Traders A/c, SBI Current A/c
2. Real Accounts: Real accounts contains all assets & goods a/c. eg. Cash A/c Furniture A/c, Building A/c
3. Nominal Accounts: All incomes and expenses related to business come under the nominal accounts.
Eg. Salary A/c, Rent A/c Commissions A/c, Advertisement A/c etc.,
GOLDEN RULES OF ACCOUNTS
While making a transaction entry, they have to decide the Debit or Creditor side. For that following are the
rules.
1. Personal Accounts
Debit: The Receiver or Debtor Credit: The Giver or Creditor

2. Real Accounts
Debit: What comes in? Credit: What goes out?

3. Nominal Accounts
Debit: All Expenses & Losses Credit: All Incomes & Gains

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Double Entry System of Book Keeping

Each transaction makes two affects on business.
For Example
a. Purchase of Goods for Cash: In this transaction goods are coming in business where as at the same
time amount is going from business.
b. Goods Sold for Cash: In this transaction goods are going from business and Cash in coming in
business.
As per Double Entry System of book keeping all these business transactions recorded in accounts have two
aspects- Debit aspect (Receiving) and Credit aspects (Giving)
ACCOUNTING GROUPS
An Accounting Group is a collection of ledger which has similar transactions. For example, all ledger account
heads related to the fixed assets of a company are grouped under Fixed Assets.
Tally offers flexibility in relation to building a chart of an account. Tally provides a set of 28 pre-defined
groups (Primary Group – 15 and Sub Groups – 13) under which ledgers can be classified.
Out of the 15 pre-defined Primary Groups, 9 primary groups, which are capital in nature, display in the
Balance Sheet. And 6 primary groups, which are revenue in nature, display in the Profit & Loss Account.
All the 13 sub groups are classified under the nine primary groups that are capital in nature and appear in
the Balance Sheet.
1. Capital Account: It holds capital and reserves of the company Accounts like Proprietors Capital, Partners
Capital, Share Capital, Proprietors Drawings etc., belong to this group.
a. Reserve and Surplus: Accounts like Capital Reserve, Depreciation Reserve, General Reserve etc.
This group is also called as Retained Earnings.
2. Fixed Assets: It holds the accounts like Furniture a/c, Building, Land, Machineries etc., can be created
under this group.
3. Current Assets: All assets of the company are placed under this group.
a. Bank Accounts: Any bank savings or Current accounts e.g. SB A/c can be placed under this group.
b. Cash-In-Hand: This will hold Cash A/c only. A Cash account is automatically created under this
group, when a company is created.
c. Deposits: Accounts related to deposits like Security Deposits, Fixed Deposits, Recurring Deposits
and Rental Deposits etc. can be created in this group.
d. Loans and Advances: Accounts related to advances and loans of non-trading nature of accounts like
Advances against salaries, Work contracts, Advances to purchase of fixed assets etc. can be created
in this group.
e. Stock in hand: This is used to hold the opening and closing stock figures of certain accounts like raw
material, Work in progress, finished products etc.
f. Sundry debtors: This is used to created the accounts for our customers(all parties to whom credit
sales are made)
4. Current Liabilities: This is a primary group to hold the outstanding and statutory liabilities of the
company such as ESI, PF, and TDS etc. It has three sub groups.
a. Duties and Taxes: Accounts of trade duties, taxes like Excise, Local sales tax, central sales tax etc. can
be opened in this group.
b. Provisions: It is used to hold tax provisions in this group e.g. Provisions for Depreciation, Provision of
Taxation.
c. Sundry creditors: This group is used to create accounts for our suppliers (all parties from who credit
purchases are made).
5. Investments: Accounts like Building Land, furniture, machinery etc. can be created under this group.
6. Loans: Accounts of loans taken by the company are created in this group. It has three sub-groups.

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a. Bank OD (over draft): Over Draft accounts of a bank like Hypothecation, Account, and Bill Discounts
Accounts etc. can be opened under this group.
b. Secured loans: Accounts of loans taken by the company from financial corporation’s e.g. Sundaram
Finance, Ashok Leyland finance, Banks etc. against its fixed assets is created under this group.
c. Unsecured loans: This is the third sub-group of loans. Accounts of loans taken by the company
unconditionally from outside parties including debtors and partners can be created under this
group.
7. Suspense Accounts: This is primary group. Accounts of money received of paid by the company in
suspense. If an advance amount like Traveling expense is paid to Marketing executive in come under the
Suspense accounts. This is Balance sheet item.
8. Miscellaneous Accounts: Preliminary and pre-operative expenses which have been capitalized to the
extent of not writing them off in the profit and loss account will fall under this group. It is rarely used.
9. Sales Accounts: Company sales come under this group like sales accounts like Computer Sales, Cement
Sales, Tyre Sales, Car Sales, and Brick Sales etc.
10. Purchase Accounts: Company purchase comes under this group. Like accounts like Machinery Purchase,
Printer Purchase, Furniture Purchase Etc.
11. Direct Income: It holds the account of the direct income like income due to sales of goods.
12. Indirect Income: Accounts of indirect income like Rent Received, Interest Received, and Commission
Received etc. can be created under this group.
13. Direct Expense: The accounts related to payment of Wages, Freight, Coolie, Carriage Electricity bill,
Water bill, Telephone Bills etc. can be created under this group.
14. Indirect Expense: The accounts of payment made for Advertisement, Maintenance of vehicles, Salary
paid to staff, Depreciation of Fixed Assets, Traveling Expanses etc. can be created under this group.
15. Branch/Divisions: This is primary group. Accounts of Branches, Divisions, Sisters Concerns and
Subsidiaries etc. of the existing company can be created under this group.

SESSION 2 INTRODUCTION TO TALLY

The first version of Tally was released in 1988 and, through continuous development, is now recognized as
one of the leading accounting packages across the world, with over a quarter million customer
Tally is used to maintain daily business transactions like purchase, sales, receipt, payments, purchase return,
sales return, bank transactions money transfer etc., and it is also used to maintain the transactions of
manufacturing organizations like productions, consumption etc.,.
The Tally Prime provides capabilities including remote access, allowing to work from any place. It provides
audit & compliance services, integrated support center and security management.
Feature of Tally Prime
 Remote Access: Tally Prime provides remote capabilities to its users to access data from anywhere.
Using [Link] features, the user can create remote users (ids), authorize and authenticate them to
access company remotely.
 [Link]: Is an enabling environment which works behind the scenes to facilitate various Internet
based services in Tally Prime. Each Tally Prime is enabled for [Link] Services by default. [Link]
provides the following services in this release of Tally Prime
 Control Center: Control Center is a new feature being introduced with [Link] 9. This utilizes
[Link] as an interface between the end user and Tally Prime installed at different locations. With
the help of Control Center, you will able to
o Create users with predefined Security levels
o Centrally Configure & manage your Tally Prime
o Surrender, Confirm or Reject castigation of Site
o Maintain Account related information

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SESSION 3 WORKING WITH TALLY

Opening Tally: StartAll Programs [Link] 9
WORKING WITH TALLY
 Tally Info: This area of Tally screen
shows the tally companies Tally Info
information like version, date, time,
serial No., product message

Button Panel
Popup Menu
 LHS: In the Left Hand side current
period, Current date, List of selected
companies, Name of Company and

Button Panel
date of Last entry are found.
 Popup Menu: The Popup menu LHS
displays at right hand side. The pop-
up menu in which the Gateway of
Tally , Company Info, Groups,
Ledger, Voucher types, Display
menu, Inventory Info, Account
books, Tally audit, Cash/Funds flow
etc. are found.
 Calculator: the bottom area of the
tally screen shows the calculator, in which you can do calculations like percentage, Interest, addition,
multiplication etc., also ODBC server exchange, Ctrl+N to switch to calculator and Ctrl+M back to popup
menu.
 Button Panel: Button panel which found in the Tally screen. Button panel buttons help you to perform
vouchers, Select , Shut company, export, Upload etc.,
CREATE A COMPANY
After entering in to the Tally opening screen, first create a company to computerize the accounts follow the
below steps to create a company.
1. Select Create Company option in From Company
menu.
 Directory : The Default directory is
C:\Users\Public\Tally\Data. However it can
changed as we need using ‘Select from Drive’
option
 Company Name: Here you can enter the
name of Company for Example : Comptech Computers
 Mailing Name: Here you can type name of company or Company Proprietor name
 Address: Here you type the Company address details [optional]
 Country: Set the country as INDIA
 State: Set the appropriate State from list. Karnataka
 Pin: Here you type Pin code [optional]
 Telephone: Here you type Telephone No. [optional]
 Email: Here you type Email Address [optional]
 Financial year beginning from: The Financial Year of the every business starts from April 1st of the
every Year.
 Books beginning from: Here you enter the date of the journal entry of Book keeping. Here most of
the business starts book keeping in the beginning of the financial year. If you want to start book
keeping in other month, does in matter you can start book keeping on other month.

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 The completed Company Creation screen display

 Press Enter or Y to accept the screen and complete creation of the company.
Tally will take you to the Gateway of Tally Screen
OPENING AN EXISTING COMPANY
 First close the opened company by pressing Ctrl+F3
 Select the company name from list else click on Select from drive and press Enter
MODIFYING THE COMPANY DETAILS
 Press F3 Function key Click on Alter Company
 Make the necessary changes and save again
Note: To delete the company press Alt+D
CLOSING AN OPENED COMPANY: Ctrl+F3

SESSION 4 LEDGERS
LEDGER: The ledgers contain the information of
different transactions made by a particular person.
CREATING LEDGER
 From Gateway of Tally Click on
CreateLedger
 In the NAME type the Name of Ledger
Account like Computers Sales A/c, Building
A/c, Electricity A/c etc.
 If you want to give alternative name for
ledger, type Alternative name in Allies.
 In the UNDER Choose the pre-defined group
under which your accounts depends. Like
Electricity bill comes under Direct Expenses.
 In OPENING BALANCE type the opening balance of the account of the previous year balance sheet.
 In Mailing Details area type the Name, Address, contact Person, Contact No., Email, Fax No. Income
Tax no., TIN No., of the parties like sundry creditors, sundry debtors, banks etc.,
 Press ‘Y’ accept the ledger creation otherwise ‘N’
DISPLAYING A LEDGER
 From Gateway of Tally Chart of AccountsLedger
ALTERING A LEDGER
 From Gateway of Tally, select Alter Option then click on Ledger
ACCOUNTS INFO CONFIGURATION
Press F12 to display Master
Configuration and Set Master
Configuration
 Select the Ledger Name
from List of Ledger
 Make necessary changes
need and Save it (Ctrl+A).
 Note: To delete a Ledger
Press Alt+D

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 Page 6 of 6

SESSION 5 RECEIPT AND PAYMENT VOUCHERS

VOUCHERS: A voucher is a basic recording document. Daily business transactions are entered in Tally
through Vouches It is a key to all business information. Entering the business transactions through Voucher
called Voucher entry.
Tally is pre-programmed with a variety of Accounting Vouchers, each designed to perform a specific
functions. Daily Business transactions are entered on the basis of Voucher types.
From Gateway of Tally, Select Accounting Voucher. Voucher creation screen display. By using the function
keys, you can choose the voucher type like Receipt, Payment, and Contra etc.
Accounting Vouchers Inventory Vouchers Order Vouchers Payroll Vouchers
Receipt F6 Delivery Note Alt+F8 Job work in order Attendance
Payment F5 Material in Job work out order Payroll
Contra F4 Material out Purchase order Ctrl+F9
Journal F7 Physical Stock Ctrl+F7 Sales order Ctrl+F8
Purchase F9 Receipt Note Alt+F9
Sales F8 Rejections in Ctrl+F6
Credit Note Alt+F6 Rejections out Ctrl+F5
Debit Note Alt+F5 Stock Journal Alt+F7

Voucher Entry Configuration

Press F12 function key to invoke Voucher
Enter configuration. And make the
settings as below as required
Voucher Contents
 Date: First check the date of the
Voucher entry. Press F2
functional key for changing Date.
 Voucher Type: Then identify the
Voucher type of the business
transaction.
 Ledger Accounts: Then identify the Ledger Account in the business transactions. At least 2 accounts
must be identified. These accounts must be already created earlier in Ledger Accounts if it not so,
create the Ledger Accounts immediately by pressing Alt+C.
 Balance: Identify the Debit and credit balance is equal. Both debit and credit balance should be
equal. If it not so, please check the entries in the Voucher Creation.
 Dr. or Cr. and Narration: Enter the voucher entries by typing Dr (Debit) or Cr (Credit) accounts, then
typing respective amount in Debit and Credit columns and enter Narration (e.g. 500/-Cash deposited
in bank) which locates in the bottom area of the Voucher Creation screen.
 Accept ”Yes” (Ctrl+A): After all information is entries in the voucher enter correctly, press ‘Y’ to
accept the information to record in “Accept?” dialog box.
Receipt Voucher (F6):
Receipt voucher is used to enter all receipt of Cash or bank (Receipt by Cash or receipt by cheque or
receipt by demand draft) even the amount received for the sale of Fixed assets Must be treated as
Receipt Voucher.
Credit (Cr.): The Giver of Money (Loans, Sundry Debtors, Direct/Indirect Income, Loans & Advances etc.)
Debit (Dr.): Cash A/c & Bank A/c
Payment Voucher (F5):
Payment Voucher records all the Payments Made through Bank and Cash. Even the amount paid for the
Purchase of Fixed Assets must be treated as Payments. Cheque Printing is done only through Payment
Voucher entry.
Debit (Dr.): The Receiver of Money (Loans Repayment, Sundry Creditors, Direct/Indirect Expenses etc.)
Credit (Cr.): Cash A/c & Bank A/c

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SESSION 6 CONTRA, JOURNAL VOUCHERS & COST CENTER

Contra Voucher (F4):
Cash/Cheque deposited into the bank, Cash withdrawn from bank then transfer of funds from one Bank
A/c to another Bank A/c are entered in Contra Voucher. Here Debit and Credit accounts are Cash A/c and
Bank A/c
CASH A/c Vs BANK A/c BANK A/c Vs BANK A/c
If the Cash amount is deposited If amount is withdrawn from IF SBI cheque is deposited into PGB
into the Bank A/c Bank A/c then A/C
Credit (Cr.): Cash A/c Credit (Cr.): Bank A/c Credit (Cr.): SBI A/c
Debit (Dr.): Bank A/c Debit (Dr.): Cash A/c Debit (Dr.): PGB A/c

Journal Voucher (F7):

It is for adjustments between two ledgers Here outside parties like e.g. Debtors, Creditors, and
Branches/Divisions are not involved. Depreciation on Fixed assets like machinery, furniture, motorcars
etc., and Interest applied are involved in this journal voucher.
Interest applied by company on Loan takers Interest applied by Bank / Finance on Company

Credit (Cr.): Loans & Advances Credit (Cr.): Interest A/c

Debit (Dr.): Interest A/c Debit (Dr.): Secured / Unsecured / Bank OD A/c

Cost Center:
The cost centre is an organizational unit to which costs or expenses can be allocated during recording of
transactions in Tally Prime
CONFIGURATION OF COST CENTER
1. Press F11  Enable Cost Centers : Yes
2. Go to Ledger Creation  Press F12  Apply Cost Center for Ledger: Yes
Example of Cost Center Ledger Creation
Recharge Indirect Expenses Cost centres are applicable (Yes)
Create Cost Centres
Gateway of Tally  Create  Cost Centres  press Enter
Cost Centre Name Under Cost Centre Name Under
Mobile Recharge Primary DTH Recharge Primary
8786456105 Phone Recharge 050254895705 DTH Recharge
7892561205 Phone Recharge 121472789105 DTH Recharge
7411089605 Phone Recharge 7252367891205 DTH Recharge

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 Page 8 of 8

ASSIGNMENT 1 FINANCIAL ACCOUNTING (Receipt & Payment Vouchers)

1. Shaishta Finance Started their business with 1,00,000 Cash in hand

2. Paid 20000 Cash for Furniture
3. Paid 35000’s Cash for Computer & Printer
4. Taken 2,00,000 Loan from SBI & Deposited in SBI Current A/c
5. Paid 5000 Electricity Deposit & 1000 Telephone Deposit by Cash
6. Paid 15000 SBI Cheque for Building Advance
7. Collected 25000’s SBI cheque deposit from Raghuram
8. Collected 15000’s SBI cheque deposit from Shilpa Enterprises
9. Paid 2,00,000 loan to Krishna by SBI cheque
10. Paid 1000 Electricity Bill & 700 Telephone Bill by Cash
11. Taken 1,00,000 Loan from Canara Bank & deposited in PGB A/c
12. Paid 75000’s PGB cheque to Alisha towards Loan
13. Collected 25000’s SBI cheque deposit from Raghuram
14. Collected 45000 Cash deposit from Sudha
15. Paid 30000 loan to Sushil by Cash
16. Paid 20000 loan to Ramesh by SBI Cheque
17. Collected 50000’s PGB cheque deposit from Rakesh
18. Paid 50000 loan to Yaswanth by Cash
19. Collected 35000 Cash deposit from Parveen
20. Paid 25000 loan to Alisha by Cash
21. Collected 35000’s cheque from Shilpa Enterprises and deposited in PGB A/c
22. Paid 20000’s PGB cheque to Kiran towards Loan
23. Taken 50000 Cash from Gupta as Hand Loan
24. Purchased Wipro Share by paying 50000 Cash
25. Paid 2000 Salaries and 1000 Building Rent by Cash
At the End of the Assignment 1 the Balance Sheet should look like as below
Balance Sheet Shaishta Finance
Shaishta Finance Shaishta Finance
Liabilities Assets
as at 30-June 2011 as at 30-June 2011

Capital Account 100000.00 Fixed Assets 55000.00

Capital A/c 100000.00 Computers & Printers 35000.00
Loans (Liability) 580000.00 Furniture A/c 20000.00
Investment 50000.00
Secured Loans 300000.00 Current Assets 570300.00
Unsecured Loans 280000.00 Closing Stock
Current Liabilities Deposits(Assets) 21000.00
Loans & Advances (Assets) 420000.00
Cash-in-hand 9300.00
Bank Accounts 120000.00
Profit & Loss A/c 4700.00
Total 680000.00 Total 680000.00

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 Page 9 of 9

ASSIGNMENT 2 FINANCIAL ACCOUNTING (Receipt, Payment, Contra & Journal Vouchers)

26. Withdrawn 29000 cash from SBI A/c
27. Deposited 10000 Cash in PGB
28. Paid 30000 loan to Kartik by PGB cheque
29. Collected 50000 Cash from Tanzeela and deposited in SBI A/c
30. Paid 25000 loan to Basha by SBI Cheque
31. Deposited 20000 Cash & 10000’s cheque of PGB to SBI
32. Applied 4% Interest on all loan takers (Loan Takers of Assignment 1)
33. SBI Bank Applied 1.5% Interest on Loan Amount
34. Canara Bank Applied 2% Interest on Loan Amount
35. Krishna paid 50000+interest by Cash
36. Withdrawn 10000 from SBI
37. Sushil paid 10000+interest by Cash
38. Deposited 80000 Cash in PGB A/c
39. Ramesh paid 10000+interest by cheque of SBI
40. Yashwanth paid 15000+interest by cheque of PGB
41. Deposited 18000 from SBI to PGB A/c
42. Paid 75000 Loan to Bash by PGB Cheque
43. Alisha paid 20000+interest by cheque of PGB
44. Paid 80000 loan to Firdous by PGB cheque
45. Kiran cleared his loan with interest by PGB Cheque. Given 300 discount.
46. Made 50000 Fixed Deposit in CDCC Bank for the period of 1 Month by PGB Cheque
47. Paid 20000 loan to Firdous by SBI cheque
48. Withdrawn 5000 from PGB
49. Paid 500 Electricity bill, 350 Telephone Bill, 2000 Salaries and 1000 Building Rent by Cash
50. Share value of Wipro is decreased by 0.9%
At the End of the Assignment 2 the Balance Sheet should look like as below
Balance Sheet Shaishta Finance
Shaishta Finance Shaishta Finance
Liabilities Assets
as at 30-June 2011 as at 30-June 2011

Capital Account 100000.00 Fixed Assets 55000.00

Capital A/c 100000.00 Computers & Printers 35000.00
Loans (Liability) 635000.00 Furniture A/c 20000.00
Investment 49550.00
Secured Loans 305000.00 Current Assets 632950.00
Unsecured Loans 330000.00 Closing Stock
Current Liabilities Deposits(Assets) 71000.00
Loans & Advances (Assets) 525000.00
Cash-in-hand 8650.00
Profit & Loss A/c 2500.00 Bank Accounts 28300.00

Total 737500.00 Total 737500.00

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 Page 10 of 10

ASSIGNMENT 3 FINANCIAL ACCOUNTING (Receipt, Payment, Contra & Journal Vouchers)

51. Deposited 10000 form SBI to PGB
52. Applied 4% Interest on all loan takers (Loan Takers of Assignment 1 & 2)
53. Krishna paid 100000 + interest by SBI cheque
54. Sushil paid 20000+interest by Cash
55. Ramesh cleared his loan with Interest by Cash
56. Deposited 35000 Cash in SBI A/c
57. Paid 100000+Interest of 2 Month to SBI loan a/c by SBI cheque
58. Yashwanth cleared his loan with Interest by PGB cheque
59. Kartik paid 30000+interest by cheque of PGB (Given 200 discount)
60. Basha paid 50000+interest by Cash (Given 500 discount)
61. Deposited 55000 Cash to PGB A/c
62. Taken back Fixed Deposit amount from CDCC with Interest (9.25% per Annum) and deposited in SBI A/c
63. Alisha cleared his loan with Interest by PGB cheque
64. Share value of Wipro is Increased by 15%
65. Cleared Canara Bank loan with 2 months interest by PGB cheque (They given 1000 discount)
66. Firdous cleared this loan with interest by Cash (Given 500 Discount)
67. Paid 400 Electricity bill, 300 Telephone Bill, 2000 Salaries and 1000 Building Rent by Cash
68. Paid 1% Interest of 2 months to all depositors(Raghuram, Shilpa Enterprises, Parveen, Sudha, Rakesh by
Cash
69. Krishna cleared his loan by SBI cheque (Given 500 Discount)
70. Given back the deposits of Raghuram by SBI cheque & Shilpa Enterprises by Cash
71. Paid 50000 Loan to Yashwanth by (25000’s SBI Cheque & 25000’s PGB Cheque)
72. Deposited 45000 Cash & 8000 SBI cheque in PGB A/c
73. Cleared SBI Loan by PGB Cheque (They given 1500 Discount)
74. Purchased HCL Share by paying 50000’s PGB cheque
75. Cleared Gupta’s Loan with 2% interest of 2 months by SBI cheque
At the End of the Assignment 3 the Balance Sheet should look like as below
Balance Sheet Shaishta Finance
Shaishta Finance Shaishta Finance
Liabilities Assets
as at 30-June 2017 as at 30-June 2017

Capital Account 100000.00 Fixed Assets 55000.00

Capital A/c 100000.00 Computers & Printers 35000.00
Loans (Liability) 180000.00 Furniture A/c 20000.00
Investment 106983.00
Secured Loans HCL 50000.00
Unsecured Loans 180000.00 Wipro 56983.00
Current Liabilities Current Assets 134835.00
Closing Stock
Deposits(Assets) 21000.00
Profit & Loss A/c 16818.00 Loans & Advances (Assets) 100000.00
Cash-in-hand 3550.00
Bank Accounts 10285.00

Total 296818.00 Total 296818.00

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 Page 11 of 11

ASSIGNMENT 4 FINANCIAL ACCOUNTING VOUCHERS & COST CENTER

1. Birla Finance started with 100000 Cash in hand which is equally invested by Raju & Ramesh
2. Opened Current A/c in SBI by depositing 5000 cash
3. Kiran, Raghu, Ranveer, Shiva,Shruti, Shankar, Jhon, Williams invested 50000 each by UPI transfer
4. Paid 25000 Rental deposit by SBI cheque
5. Paid 50000 for furniture by cash & 50000 building advance by SBI Cheque
6. Paid 35000 computer & printer by UPI transfer
7. Given loan to below persons by SBI UPI transfer
 Shilpa 100000  Manju 150000  Vikas 75000
8. Taken hand loans from below persons by cash
 Chandranna 75000  Shama 150000  Pushpa 125000
9. Deposited 150000 Cash in Andra Bank
10. Taken 200000 loan from Canara Bank and deposited in Andra Bank Current A/c
11. Given Loan to below persons by Andra Bank
 Mahesh 50000  Kumar 10000  Srinivas 30000
 Anusha 50000  Chandrakala 100000  Kamalamma 75000
12. Deposited 200000 cash in SBI current a/c
13. Paid 5000 Electricity deposit and 1000 Telephone deposit by cash
14. Taken Loan from below persons by SBI cheque
 Ramya 100000  Shaksha 20000  Basavaraja 80000
15. Given loan to below persons by SBI current A/c made UPI transfer
 Sunil 125000  Durgappa 100000  Shardamma 150000
16. Taken 200000 loan from SBI and deposited in SBI current a/c
17. Below persons paid loan amount + 2 months interest of 4% by cash
 Mahesh 20000  Kumar 10000  Srinivas 15000
 Anusha 5000  Chandrakala 25000  Kamalamma 50000
18. Deposited 120000 in SBI Current A/c
19. SBI applied 17%(Annum) and Canara Bank applied 19%(Annum) as Interest on Loans taken
20. Paid 2% interest to Ramya, Shaksha & Basavaraja by cash
21. Below persons paid loan amount + 2 months interest of 4% by SBI cheque
 Sunil 25000  Durgappa 20000  Shardamma 30000
22. Paid 25000 Salaries to employees as below by cash
 Krishna Reddy 7500  Sushil Kumar 5000  Shakshi 4000
 Kubera 3500  Kokila 3000  Ananth 2000
23. Paid 3000 Current bill and Mobile Recharge of 785 x 2 (9911554448 & 8875126941) & 3000 Rent by cash
24. Paid 100000+interest to Canara Bank Loan a/c by SBI cheque
25. Cleared SBI Loan + 2 Months interest SBI cheque they given 1500 discount
26. Given 715 profit share to all investors by cash
Balance Sheet
Balance Sheet Birla Finance
Liabilities Assets
Capital Account 500000.00 Fixed Assets 85000.00
Jhone 50000.00 Computer & Printer 35000.00
Kiran 50000.00 Furniture A/c 50000.00
Raghu 50000.00 Current Assets 1069147.00
Raju 50000.00 Closing Stock
Ramesh 50000.00 Deposits(Assets) 81000.00
Ranveer 50000.00 Loans & Advances 815000.00
Shankar 50000.00 Cash-in-hand 25480.00
Shiva 50000.00 Bank Accounts 147667.00
Shruthi 50000.00
Willams 50000.00
Loans (Liability) 650000.00
Secured Loans 100000.00
Unsecured Loans 550000.00
Profit & Loss A/c 4147.00
Total 1154147.00 Total 1154147.00

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 Page 12 of 12

SESSION 7 GOODS & SERVICE TAX (GST)

What is Goods & Service Tax (GST)?
Goods and Services Tax (GST) is an indirect tax which was introduced in India on 1 July 2017 and was applicable
throughout India which replaced multiple cascading taxes levied by the central and state governments. Under GST,
goods and services are taxed at the following rates, 0%, 5%, 12%, 18% and 28%. There is a special rate of 0.25% on
rough precious and semi-precious stones and 3% on gold. In addition a cess of 22% or other rates on top of 28% GST
applies on few items like aerated drinks, luxury cars and tobacco products.
How to Set GST?
1. Press F11
2. Set [Enable Goods & Service Tax (GST)]: Yes
3. Set [Set/Alter GST Details]: Yes then set details as shown below
4. Accept the Company Operations Alteration screen

Enter GST/UIN Number

(Optional)

GST RATES CHART

Books, maps, newspapers, journals, non-judicial stamps, postal items, live animals (except horses),
Exemption
beehives, human blood, semen, bangles, chalk sticks, contraceptives, earthen pots, props used in pooja
(0%)
(including idols, bindi, kumkum), kites, organic manure, and vaccines

Spices, Rusk, Fish fillet, Frozen vegetables, Pizza bread, Sabudana, Plain Chapati & Khakhra, Floor
covering, Fertilizers, Footwear < 1,000, Apparels < 1,000, Real zari, Agarbatti, Stent, Pizza bread, Edible
5% GST Oils, A scrap of Glass, Paper waste, Revenue stamps, Mehndi Paste, Medicines, Ethanol, Insulin, Tea,
Baby milk food , Skimmed milk, Plastic waste, Post stamps, Stamp Postmarks, Tamarind Kernel Powder,
Plastic waste, Coir mats, Matting, Braille Watches, First Day Covers, Sliced mango, Domestic LPG

Cakes, Butter, Ghee, Almonds, Drip Irrigation System, Fruits, Pickle, Nuts, Chutney, Packaged dry fruits,
Forks, Pouches, purses, and Handbags, Jam, Bhujia , Notebooks, Jelly, Ornaments, Apparel > 1,000,
12% GST Mobile, Toothpowder, Non-AC Restaurants, State-run Lotteries, Work Contracts, Murabba, Spoons,
Manmade Yarn, Fertilizer, Exercise Books, Preparation of vegetables, Playing Cards, Carom board, Ludo,
Chessboard, Skimmers, Sewing Thread of Manmade Staple Fibres

TV, Fridge, Washing Machine, Vacuum Cleaner, Camera, Speakers, Fans, Hair Dryers, Water Heaters,
Computers, Printers, Pasta, Biscuits, Pastries, Tyres, Vanity case, Tissues, Steel products, Soups,
Shampoo, Washing Powder, Preserved Vegetables, Mixed Seasonings, CCTV, Electric transformer,
Electrical transformer, Curry paste, Instant food mixes, Mixed condiments, Stationery items, Paint,
Sheets, Pumps, Varnishes, Kajal pencil sticks, Sanitary ware, Binoculars, Goggles, Safety Glass, Hair
18% GST Shavers, Branded Garments, Door, Windows, Musical instruments and their parts, Razor and razor
blades, Light fitting, Glassware, Aluminum Foil Furniture, Paddling Pools, Headgear, Mayonnaise, Steel
Products, Electrical boards, panels, and wires, Juicer Mixer, Power Banks with Lithium-ion batteries,
video games, carriage accessories for the disabled, and small sport-related items, Salad dressings,
Footwear priced above 500, Toiletries, Poster Colours, Large and medium cars (Second hand). SUVs,
Swimming pools and padding pools, Woven and Non-woven bags

Personal Aircraft , Sunscreen, Tobacco, Hair clippers, Bidis, Weighing machine, Wallpaper, Yachts,
28% GST
Motorcycles, Ceramic tiles, Dishwasher, Aerated Water, Pan Masala

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 Page 13 of 13

SESSION 8 INVENTORY INFO

Inventory Info: Inventories are unconsumed or unsold goods purchased or manufactured. The term
Inventory includes stock of finished goods, work in progress and raw materials. The valuation of inventory is
necessary for determining the true income earned by a business during a particular period. Cost of goods
sold is ascertained by adding opening inventory to and deducing closing inventory from purchase.
Stock Groups:
The stock groups, which contain stock items. For example, Hot drinks(stock group) which contains stock
items like coffee, Tea, Horliks, Boost etc. likewise cool drink (stock group) which contains stock items like
Coco Cola , Miranda, Pepsi, Limca, 7Up, Sprite etc.
Creating a Stock Group
• In the Gateway of Tally Click on CreateStock Group

• Set Name(Stock Group Name), Under as Primary

• Set [Should quantities of items be added]: Yes [if the items group are related else set as No]
• Set [Set/Alter GST Details]: Yes [ Make necessary changes as shown above]
Units of Measure
The inventory stock item must have units of measure to count the quantity.
Creating unites of Measure
• Gateway of Tally  Create  Units
• Here you can enter the Symbol, Formula Name and UQC and Decimal places
Note: UQC stands for Unique Quantity Code. In simple terms, it refers to a unit of measurement such as
1 kilogram to be mentioned in the invoice as 1 KGS,
Stock Items
The stock items which comes under the stock group. The stock items like carrot. Brinjal, Ladies finger,
Tomato, Pumpkin, Drumstick etc. which comes under the stock group Vegetables.
Creating a Stock Item
• Gateway of Tally  Create Stock Items
• Specify Item Name, Stock Group, Unit, GST details
etc., as show in picture
Press F12 Show More Configuration: Yes
• General Details
 Provide Aliases Name : Yes/No
 Provide Part No. : Yes/No
• Inventory details
 Use Stock Group for this item : Yes/No
 Provide Unit of Measure for this item : Yes/No
 Provide Standard Buying and Selling Rates : Yes/No
 Provide MRP Details : Yes/No
• GST Details : Set GST details : Yes/No
Note: If the GST is already set for Stock Group then it is not necessary to set for item

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 Page 14 of 14

SESSION 9 WORKING WITH TALLY – INVENTORY VOUCHERS

Purchase Order (Crtl+F9)
This is an Inventory voucher, which is used to record the order made by the company to purchase the goods.
Sales Order (Crtl+F8)
This is also an Inventory voucher, which is used to record the order received by the company to supply
goods.
To use Purchase and Sales order we have to active the vouchers
 Click on Other Voucher options
 Click on Inactive vouchers then select the voucher to be activated and press enter

PURCHASE VOUCHER (F9)

This voucher is used to record the purchases made by the company for the purpose of selling (Not include
purchase of Fixed Assets)
SALES VOUCHER (F8)
This voucher is used to record the sales made by the company (Not include the sales of fixed Assets)
To create Purchase & Sales order or Purchase or Sales voucher They need below Ledgers & Inventory
details
Purchase order & Purchase Sales & Sales order
Party Cash / Sundry Creditors Cash / Sundry Debtors
Account Purchase Account Sales Account
CGST & IGST: if the party is belongs to same state as company. IGST: if the party belongs to other
GST Details
state compare to company
Item Details Items to be Purchase or Sales

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 Page 15 of 15

ASSIGNMENT 5 INVENTORY VOUCHERS(ORDER PROCESSING, PURCHASE & SALES)

1. Parveen Enterprises started their business with Rs. 1 Lakh cash in hand
2. They opened a Current A/c in SBI by depositing Rs. 50000
3. They paid Rs 25000 cash for Furniture and Rs. 25000’s cheque for Building advance
4. They ordered below items to Pai International, Bangalore – order no. : 1230
Sl No Item Name GST Rate Quantity Rate Amount
1 LG 21" CRT TV 28% 2 6500.00 13000.00
2 LG 29" LCD TV 28% 1 19500.00 19500.00
3 LG DVD Player 28% 4 1650.00 6600.00
Total 39100.00
CGST 5474.00
SGST 5474.00
50048.00
5. They ordered below items to Satya Enterprises, Hydrabad – order no. : 8745
Sl No Item Name GST Rate Quantity Rate Amount
1 Sony 21" CRT TV 28% 6 5800.00 34800.00
2 Videocon 29" LCD TV 28% 2 18530.00 37060.00
3 Beston DVD Player 28% 15 1560.00 23400.00
Total 95260.00
IGST 26672.80
Rounded 0.20
121933.00
6. They ordered below items to Pai International, Bangalore – order no. : 1670
Sl No Item Name GST Rate Quantity Rate Amount
1 Samsung J7 Mobile 12% 2 11500.00 23000.00
2 Redmi Note 4 12% 3 8500.00 25500.00
3 Mobile Pouch 28% 25 105.00 2625.00
Total 51125.00
CGST 3277.50
SGST 3277.50
57680.00
7. They took an order from RK Enterprises, Chitradurga to supply below items order no. : 1325
Sl No Item Name GST Rate Quantity Rate Amount
1 LG 21" CRT TV 28% 2 6900.00 13800.00
2 LG 29" LCD TV 28% 1 20150.00 20150.00
3 LG DVD Player 28% 4 1850.00 7400.00
4 Redmi Note 4 12% 1 8900.00 8900.00
5 Mobile Pouch 28% 10 150.00 1500.00
Total 18 51750.00
CGST 6533.00
SGST 6633.00
64816.00
8. They taken an order from Shardha Enterprises, Anantapur to supply below items order no. : 1326
Sl No Item Name GST Rate Quantity Rate Amount
1 Sony 21" CRT TV 28% 4 6200 24800.00
2 Videocon 29" LCD TV 28% 2 19550 39100.00
3 Beston DVD Player 28% 10 1650 16500.00
4 Redmi Note 4 12% 1 8900 8900.00
5 Mobile Pouch 28% 15 150 2250.00
Total 18 91550.00
IGST 24210.00
115760.00

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 Page 16 of 16

9. Satya Enterprises, Hydrabad supplied the items of order no. : 8745

10. Pai International, Bangalore supplied the items of order no. : 1230 & 1670
11. They took an order from RK Enterprises, Chitradurga to supply below items order no. : 1327
Sl No Item Name GST Rate Quantity Rate Amount
1 Sony 21" CRT TV 28% 2 6200.00 12400.00
2 Beston DVD Player 28% 3 1650.00 4950.00
3 Samsung J7 12% 2 12250.00 24500.00
Total 7 41850.00
CGST 3899.00
SGST 3899.00
49648.00
12. They paid Rs. 2000 electricity deposit, Rs. 500 telephone deposit & Rs. 500 Travelling Expenses by Cash
13. They supplied ordered items to RK Enterprises of order no. : 1327
14. They supplied ordered items to Shardha Enterprises of order no. : 1326
15. They purchased below items from Pai International, Bangalore
Sl No Item Name GST Rate Quantity Rate Amount
1 Akai 29" LCD TV 28% 3 15500.00 46500.00
2 Akai Gas Stove 18% 10 1620.00 16200.00
3 Akai Mixer Grander 18% 4 2150.75 8603.00
Total 17 71303.00
CGST 8742.27
SGST 8742.27
Rounded 0.46
88788.00
16. They supplied ordered items to RK Enterprises of order no. : 1325
17. All Sundry Debtors cleared their bills by cheques (use individual voucher for each party)
18. They taken Rs. 50000 hand loan from Tanzeela and deposited in SBI A/c
19. They cleared the bills of Satya Enterprises by cheque
20. They withdrawn Rs 28000 from SBI A/c
21. They sold below items to Kiran, Rayadurga by Cash
Sl No Item Name GST Rate Quantity Rate Amount
1 Akai 29" LCD TV 28% 1 16200.00 16200.00
2 Akai Gas Stove 18% 1 1900.00 1900.00
3 Akai Mixer Grander 18% 1 2500.00 2500.00
Total 3 20600.00
IGST 5328.00
25928.00
22. They deposited Rs. 60000 in SBI A/c
23. They cleared all bills of Pai International by cheque
24. They sold below items to Shardha Enterprises by Cash
Sl No Item Name GST Rate Quantity Rate Amount
1 Akai 29" LCD TV 28% 2 16100.00 32200.00
2 Akai Gas Stove 18% 5 1850.00 9250.00
3 Akai Mixer Grander 18% 2 2350.00 4700.00
Total 3 46150.00
IGST 11527.00
57677.00
25. They paid Rs. 1500 Electricity bill, Rs. 300 Telephone bill, Rs. 3000 Salaries & 2500 Building Rent BY Cash.
Balance Sheet Parveen Enterprises
Liabilities Assets
Capital Account 100000.00 Fixed Assets 25000.00
Capital A/c 100000.00 Furniture A/c 25000.00
Loans (Liability) 50000.00 Current Assets 132830.75
Unsecured Loans 50000.00 Closing Stock 20250.75
Current Liabilities 268.66 Deposits(Assets) 27500.00
Duties & Taxes 268.66 Cash-in-hand 66305.00
Profit & Loss A/c 7562.09 Bank Accounts 18775.00
Total 157830.75 Total 157830.75

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 Page 17 of 17

GODOWN, CREDIT NOTE & DEBIT NOTE,

SESSION 10 REJECTIONS OUT & REJECTIONS IN VOUCHER
Godown: The Godown option is used to store the goods more than in one location that means Shop and
other locations.
To Active Godown option
1. Press F11Inventory Features(F2)
2. Set Maintain multiple godown: Yes
3. Save the setting
To Create Godown
1. From Gateway of TallyInventory InfoGodownCreate
2. Set the Godown name and under as primary
Note: By default Tally created one godown named as d “Main Location”. Rename the Main location as Shop
Stock Journal (F7): This voucher is used to transfer goods from one location of business to another that
means godown to shop or shop to godown. And it is also used to convert Raw material into Ready material
in manufacturing industries.
Debit Note (Alt+F6):
1. When a company (Buyer) returns goods to the seller (Dealer), then the company sends a debit note
as intimation to the seller (Dealer) of the amount and quantity being returned and requesting return
of money.
2. A debit note is sent to inform about the debit made in the account of the seller along with the
reasons mentioned in it.
3. The purchase returns book is updated on the basis of the debit note. (In case of return of goods)
4. It is often used to return goods on credit.
5. A debit note is generally prepared like a regular invoice and shows a positive amount.
6. A journal entry to record a debit note in the books of seller
Credit Note (Alt+F5):
1. When a Seller receives goods (returned) from the buyer, he prepares and sends a credit note as
intimation to the buyer showing that the money for the related goods is being returned in the form
of a credit note.
2. A credit note is sent to inform about the credit made in the account of the buyer along with the
reasons mentioned in it.
3. The sales return book is updated on the basis of the credit note. (In case of return of goods)
4. It is generally sent by the seller if the goods are found incomplete, damaged or incorrect.
5. A credit note generally shows a negative amount.
6. A journal entry to record a credit note in the books of buyer
REJECTIONS OUT VOUCHER (PURCHASE RETURNS)
The Rejections out Voucher records goods that are rejected and returned to a supplier.
1. From F11: Inventory Features, Enable the option Use rejection inward and outward notes.
2. Go to Gateway of Tally > Inventory Vouchers
3. Press Alt+F6 or Select the button Rej. Out from the Button Bar. For example, the company returns
Item A received from Supplier A.

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 Page 18 of 18

4. Select the Party’s name from the List of Ledger Accounts , to whom you are returning the goods.
5. Once Party’s name is selected
under Ledger Account, this column will be
filled up automatically with the address, if
provided in the Ledger Master creation
screen.
6. Select the Item from the List of Stock Items . Press Enter on the Item, it will display the Item
Allocations screen.
7. Under the List of Tracking Numbers, the details of Receipt note along with Tracking number will be
displayed, select the same and mention the quantity rejected.
REJECTIONS IN VOUCHER (SALES RETURNS)
A Rejection In Voucher is used to record goods that are rejected and returned by the customer.
To enter the Rejections In Voucher,
1. From F11: Inventory Features, Enable the option Use Rejection Inward / outward Notes.
2. Go to Gateway of Tally > Inventory Vouchers
3. Press Ctrl+F6 or select the button F6: Rej. In from the Button Bar
For example, Customer A returns Item A delivered by the company.

Ledger Account : Select the Party’s name from the List of Ledger Accounts, from whom the goods have
being returned.
Customer’s Name and Address: Once Party’s name is selected under Ledger Account, this column will be
automatically populated with address, if provided in the Ledger Master Creation screen.
Name of Item: Select the Item from the List of Stock Items. Press Enter button on the Item, it will display
the Item Allocations screen.
Under the List of Tracking Numbers, the details of Delivery note along with Tracking number will be
displayed, select the same. Mention the quantities returned.
Narration: Give the narration, if required.

Note : In F12 configuration, Show Batch Wise Details and Show Godown – wise Details will show the
batch and godown details in the voucher entry screen, if set to Yes.

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 Page 19 of 19

ASSIGNMENT 6 INVENTORY VOUCHERS(GODOWN, STOCK JOURNAL)

1. Kiran Enterprises started their business with 1 lakh cash in hand
2. They paid 50000 Building advance, 25000 Furniture, 4000 Electricity Deposit & 1000 Telephone Deposit by cash
3. They opened an Current Account in SBI by depositing 5000 Cash
4. They purchased items from Next Electronics, Chitradurga and dumped half to godown & half to shop
Sl No Items GST Qty Rate Amount
1 Iron Box 28% 100 1900 190000.00
2 Mixer 28% 50 1560 78000.00
3 Grander 18% 80 3500 280000.00
4 Cocker 18% 100 350 35000.00
Total 583000.00
CGST 65870.00
SGST 65870.00
Transport 1% 5830.00
720570.00
5. They purchased below items from Shilpa Enterprises, Hydrabad and dumped to godown.
Sl No Items GST Qty Rate Amount
1 Wall Clock 12% 200 130 26000.00
2 Ceiling Fan 28% 100 900 90000.00
3 Table Fan 28% 50 1600 80000.00
Total 196000.00
IGST 50720.00
Transport 1% 1960.00
248680.00
6. They sold below items to Guru Electronics, Challakere from shop
Sl No Items GST Qty Rate Amount
1 Iron Box 28% 30 2200 66000.00
2 Mixer 28% 20 1600 32000.00
3 Grander 18% 10 3600 36000.00
Total 134000.00
CGST 16960.00
SGST 16960.00
Transport 1.50% 2010.00
169930.00
7. They taken Rs. 3 lakh loan from State Bank of India and deposited in SBI Current A/c
8. They purchased below items from Next Electronics, Chitradurga and dumped to Godown
Sl No Items GST Qty Rate Amount
1 Iron Box 28% 50 1900 95000.00
2 Mixer 28% 50 1560 78000.00
3 Grander 18% 10 3500 35000.00
4 Cocker 18% 60 350 21000.00
Total 229000.00
CGST 29260.00
SGST 29260.00
Transport 1% 2290.00
289810.00
9. Guru Electronics Cleared their bills by cheque
10. They cleared Next Electronics 2nd bill by cheque :
11. They brought below items from godown to shop and sold to Amaan Electronics, Hospet
Sl No Items GST Qty Rate Amount
1 Grander 18% 15 3600 54000.00
2 Ceiling Fan 28% 20 950 19000.00
3 Table Fan 28% 25 1680 42000.00
4 Cocker 18% 20 380 7600.00
Total 122600.00
CGST 14084.00
SGST 14084.00
Transport 1.50% 1839.00
152607.00

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 Page 20 of 20

12. They Brought below items from Godown to shop

Sl No Items Qty Sl No Items Qty
1 Iron Box 50 3 Ceiling Fan 30
2 Mixer 75 4 Cocker 50
13. SBI applied 1.5% interest on their loan
14. They sold below items to Parveen Enterprises, Rayadurga from Godown itself.
Sl No Items GST Qty Rate Amount
1 Iron Box 28% 20 2200 44000.00
2 Ceiling Fan 28% 50 950 47500.00
4 Cocker 18% 40 380 15200.00
5 Wall Clock 12% 100 180 18000.00
Total 124700.00
IGST 30516.00
Transport 1.50% 1870.50
Rounding 0.50
157087.00
15. They sold below items from shop to Amaan Electronics, Hospet from shop
Sl No Items GST Qty Rate Amount
1 Iron Box 28% 50 2200 110000.00
2 Mixer 28% 50 1600 80000.00
3 Grander 18% 25 3600 90000.00
4 Cocker 18% 50 380 19000.00
Total 299000.00
CGST 36410.00
SGST 36410.00
Transport 1.50% 4485.00
376305.00
16. Amaan Electronics Cleared his 2nd bill by cheque
17. Paid 25000+interest to SBI loan a/c by cheque
18. All Sundry Debtors cleared their bills (Generate individual vouchers)
19. They cleared all bills of Next Electronics by cheque
20. They withdrawn 5000 from SBI
21. They Paid 5000 transport charges, 1000 electricity, 250 telephone and 2000 Rent
22. 8000 Salaries (4000 for Manager & 3000 for accountant and 1000 for office boy) by cash
23. They sold below items to Parveen Enterprises, Rayadurga from Shop & Godown. Payment by UPI
Sl No Items GST Qty Rate Amount
1 Cocker 18% 40 380 15200.00
2 Wall Clock 12% 100 180 18000.00
3 Grander 18% 15 3600 54000.00
4 Table Fan 28% 25 1680 42000.00
Total 129200.00
IGST 26376.00
Transport 1.50% 1938.00
157514.00
24. They Cleared the bills of Shilpa Enterprises
25. Paid 20000+1500 interest towards SBI loan
Balance Sheet Parveen Enterprises
Liabilities Assets
Current Liabilities 49180.00
Duties & Taxes 49180.00
Capital Account 100000.00 Fixed Assets 25000.00
Capital A/c 100000.00 Furniture A/c 25000.00
Loans (Liability) 255000.00 Current Assets 237183.00
Secured Loans 255000.00 Closing Stock 259800.00
Deposits(Assets) 55000.00
Cash-in-hand 3750.00
Profit & Loss A/c 41113.00 Bank Accounts 3383.00
Total 396113.00 Total 396113.00

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 Page 21 of 21

ASSIGNMENT 7 WORKING WITH TALLY – DISCOUNT OPTION

1. S P Traders started their business with 100000 cash in hand which is invested by Sunil
2. We opened current a/c in Andra Bank by depositing 5000 cash
3. Aravind and Jagan invested 100000 each in our business by transferring amount to bank a/c
4. We paid 50000 building advance by cheque and 100000 for furniture and IMPS
5. Purchased below items from Kiran Traders
Sl No Particulars MRP GST Qty Unit Rate Dis Total
1 Sona Masori Rice(25kg) 1150.00 5% 50 Bags 900 5% 42750.00
2 Hamsa Rice(25kg) 1000.00 5% 50 Bags 750 5% 35625.00
3 India Gate Basmati Rice (1kg) 300.00 5% 50 pcs 180 6% 8460.00
Total 86835.00
CGST 2170.88
SGST 2170.88
Transport 1% 868.35
Rounded -0.11
Total 92045.00
6. Purchased below items from Jain Traders
Sl No Particulars MRP GST Qty Unit Rate Dis Total
1 Bournvita(500gm) 305.00 28% 50 pcs 210 5% 9975.00
2 Bournvita(1kg) 520.00 28% 60 pcs 400 10% 21600.00
3 HORLICKS Classic Malt (500 g) 250.00 28% 48 pcs 190 8% 8390.40
4 HORLICKS Classic Malt (900 g) 450.00 28% 12 pcs 375 6% 4230.00
Total 44195.40
IGS 12374.71
Transport 2% 883.91
Rounded -0.02
Total 57454.00
7. They purchase below items from Suma Oils
Sl No Particulars MRP GST Qty Unit Rate Dis Total
1 Gemini Sunflower Oil 5Liter Can 1900.00 5% 10 pcs 1300 2% 12740.00
2 Saffola Oil Pouch 1L 230 5% 60 pcs 140 1% 8316.00
3 Parachute Coconut Oil - 200 ml 87 18% 70 pcs 65 0% 4550.00
4 Dabur Almond Hair Oil-500ml 305 18% 24 pcs 140 0% 3360.00
Total 28966.00
CGST 1238.30
SGST 1238.30
Transport 2% 579.32
Rounded 0.08
Total 32022.00
8. They purchase below items from SP Agency
Sl No Particulars MRP GST Qty Unit Rate Dis Total
1 Clinic Plus Shampoo 340 ml, 250.00 28% 60 pcs 175 5% 9975.00
2 Dove Bathing Bar 125 g 108.33 18% 60 pcs 78 3% 4539.60
3 Santoor Soap Combo Pack of 6 400 18% 24 pcs 320 0% 7680.00
4 BoroPlus Body Lotion 400ml 305 18% 12 pcs 157 0% 1884.00
Total 24078.60
CGST 2665.82
SGST 2665.82
Transport 2% 481.57
Rounded 0.19
Total 29892.00

Designed & Printed by: COMPTECH COMPUTERS ®, Sante Maidana, Molakalmuru-577 535, Chitradurga, Karnataka
Contact No. : 99453 03435, Email: [Link]@[Link]
 Page 22 of 22

9. Taken 2 Lakh Loan from Andra Bank and deposited in Current A/c
10. Cleared the bills of Suma Oils by IMPS
11. Paid 5000 Electricity Deposit and 1000 Telephone Deposit by Cash
12. Given 100000 hand loan to Rajesh by IMPS
13. Sold below items to Sharma General Store
Sl No Particulars MRP GST Qty Unit Rate Dis Total
1 Sona Masori Rice(25kg) 1150.00 5% 20 Bags 1000 2% 19600.00
2 Hamsa Rice(25kg) 1000.00 5% 10 Bags 950 2% 9310.00
3 Dove Bathing Bar 125 g 18% 20 pcs 92 2% 1803.20
4 Santoor Soap Combo Pack of 6 400 18% 10 pcs 380 2% 3724.00
5 HORLICKS Classic Malt (500 g) 250.00 28% 12 pcs 210 2% 2469.60
6 HORLICKS Classic Malt (900 g) 450.00 28% 4 pcs 400 2% 1568.00
7 Gemini Sunflower Oil 5Liter Can 1900.00 5% 2 pcs 1500 2% 2940.00
8 Saffola Oil Pouch 1L 230 5% 20 pcs 210 2% 4116.00
Total 45530.80
CGST 1961.86
SGST 1961.86
Transport 2% 910.62
Rounded -0.14
Total 50365.00
14. Andra Bank Applied 2 months 18% per Annum Interest on loan taken
15. We paid 20000+interest to Andra Bank Loan A/c
16. Rajesh paid 50000+4000 interest by cheque
17. Sold below items to Kumar Kirani Store
Sl No Particulars MRP GST Qty Unit Rate Dis Total
1 Bournvita(500gm) 305.00 28% 20 pcs 275 5% 5225.00
2 Gemini Sunflower Oil 5Liter Can 1900.00 5% 5 pcs 1500 2% 7350.00
3 Hamsa Rice(25kg) 1000.00 5% 30 Bags 950 5% 27075.00
4 Saffola Oil Pouch 1L 230 5% 25 pcs 210 3% 5092.50
5 India Gate Basmati Rice (1kg) 300.00 5% 20 pcs 230 3% 4462.00
6 HORLICKS Classic Malt (500 g) 250.00 28% 6 pcs 210 2% 1234.80
7 Parachute Coconut Oil - 200 ml 87 18% 12 pcs 73 0% 876.00
8 Dabur Almond Hair Oil-500ml 305 18% 6 pcs 195 0% 1170.00
Total 52485.30
IGST 4376.00
Transport 2% 1049.71
Rounded -0.01
Total 57911.00
18. Sold below items to Sharma General Store
Sl No Particulars MRP GST Qty Unit Rate Dis Total
1 Dabur Almond Hair Oil-500ml 305 18% 12 pcs 195 0% 2340.00
2 BoroPlus Body Lotion 400ml 305 18% 12 pcs 157 0% 1884.00
3 Santoor Soap Combo Pack of 6 400 18% 4 pcs 380 2% 1489.60
4 HORLICKS Classic Malt (900 g) 450.00 28% 8 pcs 400 2% 3136.00
5 Bournvita(1kg) 520.00 28% 30 pcs 490 2% 14406.00
6 Hamsa Rice(25kg) 1000.00 5% 5 Bags 950 2% 4655.00
7 Sona Masori Rice(25kg) 1150.00 5% 20 Bags 1000 2% 19600.00
8 Gemini Sunflower Oil 5Liter Can 1900.00 5% 3 pcs 1500 2% 4410.00
Total 51920.60
CGST 3686.73
SGST 3686.73
Transport 2% 1038.41
Rounded -0.47
Total 60332.00

Designed & Printed by: COMPTECH COMPUTERS ®, Sante Maidana, Molakalmuru-577 535, Chitradurga, Karnataka
Contact No. : 99453 03435, Email: [Link]@[Link]
 Page 23 of 23

19. Rajesh Cleared his loan by cheque

20. Cleared the bills of Jain Traders by NEFT
21. Given 50000 loan to Shilpa by cheque
22. Deposited 50000 cash in bank a/c
23. Sold below items to Kumar Kirani Store
Sl No Particulars MRP GST Qty Unit Rate Dis Total
1 Parachute Coconut Oil - 200 ml 87 18% 24 pcs 73 0% 1752.00
2 Dove Bathing Bar 125 g 108.33 18% 36 pcs 92 2% 3245.76
3 Saffola Oil Pouch 1L 230 5% 15 pcs 210 3% 3055.50
4 HORLICKS Classic Malt (500 g) 250.00 28% 10 pcs 210 2% 2058.00
5 Clinic Plus Shampoo 340 ml, 250.00 28% 48 pcs 210 2% 9878.40
6 India Gate Basmati Rice (1kg) 300.00 5% 25 pcs 230 2% 5635.00
7 Bournvita(500gm) 305.00 28% 20 pcs 270 3% 5238.00
Total 30862.66
IGST 6142.96
Transport 3% 925.88
Rounded 0.50
Total 37932.00

24. Sharma General Store returned the below items

Sl No Particulars MRP GST Qty Unit Rate Dis Total
1 Dabur Almond Hair Oil-500ml 305 18% 12 pcs 195 0% 2340.00
2 BoroPlus Body Lotion 400ml 305 18% 12 pcs 157 0% 1884.00
3 Santoor Soap Combo Pack of 6 400 18% 4 pcs 380 2% 1489.60
4 Gemini Sunflower Oil 5Liter Can 1900.00 5% 3 pcs 1500 2% 4410.00
Total 10123.60
CGST 624.47
SGST 624.47
Rounded 0.54
Total 11372.00
25. Kumar Kirani Store returned the below items
Sl No Particulars MRP GST Qty Unit Rate Dis Total
1 Bournvita(500gm) 305.00 28% 10 pcs 275 5% 2612.50
2 Sona Masori Rice(25kg) 1150.00 5% 10 bags 950 5% 9025.00
3 Saffola Oil Pouch 1L 230.00 5% 20 pcs 210 3% 4074.00
4 India Gate Basmati Rice (1kg) 300.00 5% 10 pcs 230 3% 2231.00
5 HORLICKS Classic Malt (500 g) 250.00 28% 2 pcs 210 2% 411.60
6 Parachute Coconut Oil - 200 ml 87.00 18% 10 pcs 73 0% 730.00
Total 19084.10
IGST 1744.65
Rounded 0.25
Total 20829.00

Designed & Printed by: COMPTECH COMPUTERS ®, Sante Maidana, Molakalmuru-577 535, Chitradurga, Karnataka
Contact No. : 99453 03435, Email: [Link]@[Link]
 Page 24 of 24

26. We returned the below items to Kiran Traders

Sl No Particulars MRP GST Qty Unit Rate Dis Total
1 Sona Masori Rice(25kg) 1150.00 5% 10 bags 900 5% 8550.00
2 India Gate Basmati Rice (1kg) 300.00 5% 10 pcs 180 6% 1692.00
Total 10242.00
CGST 256.05
SGST 256.05
Rounded -0.10
Total 10754.00
27. We returned the below items to Jain Traders
Sl No Particulars MRP GST Qty Unit Rate Dis Total
1 Bournvita(500gm) 305.00 28% 10 pcs 210 5% 1995.00
2 Bournvita(1kg) 520.00 28% 20 pcs 400 10% 7200.00
3 HORLICKS Classic Malt (500 g) 250.00 28% 12 pcs 190 8% 2097.60
Total 11292.60
IGST 3161.93
Rounded 0.47
Total 14455.00
28. Sold below items to Sharma General Store
Sl No Particulars MRP GST Qty Unit Rate Dis Total
1 Sona Masori Rice(25kg) 1150.00 5% 10 bags 1000 0% 10000.00
2 Bournvita(500gm) 305.00 28% 10 pcs 157 0% 1570.00
3 HORLICKS Classic Malt (500 g) 250.00 28% 10 pcs 210 0% 2100.00
4 Santoor Soap Combo Pack of 6 400.00 18% 10 pcs 380 0% 3800.00
5 Parachute Coconut Oil - 200 ml 87.00 18% 36 pcs 73 0% 2628.00
6 Clinic Plus Shampoo 340 ml, 250.00 28% 12 pcs 210 0% 2520.00
7 Bournvita(1kg) 520.00 28% 10 pcs 490 0% 4900.00
Total 27518.00
CGST 2381.12
SGST 2381.12
Transport 2% 550.36
Rounded 0.40
Total 32831.00
[Link] Sundry Debtors Cleared theirs Bills by Cheque
[Link] cleared Kiran Traders Bills by IMPS
[Link] Traders Refunded the Return goods amount
[Link] 100000+2000 Interest to Andra Loan by cheque
[Link] Agency Cleared the bill by cheque
Balance Sheet
Balance Sheet SP Enterprises
Liabilities Assets
Capital Account 300000.00 Duties & Taxes 40894.00
Aravind 100000.00 Fixed Assets 100000.00
Jagan 100000.00 Furniture A/c 100000.00
Sunil 100000.00 Current Assets 328755.39
Loans (Liability) 100000.00 Closing Stock 22092.14
Secured Loans Deposits(Assets) 56000.00
Current Liabilities 97.46 Loans & Advances 100000.00
Duties & Taxes 97.46 Sundry Debtors
Sundry Creditors Cash-in-hand 39000.00
Bank Accounts 111663.25
Profit & Loss A/c 28657.93
Total 428755.39 Total 428755.39
Designed & Printed by: COMPTECH COMPUTERS ®, Sante Maidana, Molakalmuru-577 535, Chitradurga, Karnataka
Contact No. : 99453 03435, Email: [Link]@[Link]
 Page 25 of 25

ASSIGNMENT 8 WORKING WITH TALLY – STOCK JOURNAL

1. Raj Garments started their business with 1 lakh cash in hand
2. They opened an Current A/c in Canara Bank and deposited 50000
3. They paid 40000s cheque for Machineries, 20000 for furniture & 10000 for Building advance by Cash
4. They purchased below items from Kiran Fabrics, Bangalore
Sl No Item GST Rate Qty Rate Amount
1 JP cloth 28% 625 112 70000.00
2 CP cloth 28% 800 125 100000.00
Total 170000.00
CGST 23800.00
SGST 23800.00
Transport 0.75% 1275.00
Hamali 0.20% 340.00
Total 219215.00
5. They Purchased below items from Harish, Chennai
Sl No Item GST Rate Qty Rate Amount
1 Canvas 28% 2500 16 40000.00
2 P Buttons 18% 5000 0.65 3250.00
3 S Buttons 18% 10000 0.45 4500.00
Total 47750.00
IGST 12595.00
Transport 0.75% 358.13
Hamali 0.20% 95.50
Rounded 0.37
Total 60799.00
6. They Purchased below items Kiran Fabrics, Bangalore
Sl No Item GST Rate Qty Rate Amount
1 JS Cloth 28% 1800 54 97200.00
2 CS Cloth 28% 2000 65 130000.00
Total 227200.00
CGST 31808.00
SGST 31808.00
Transport 0.75% 1704.00
Hamali 0.20% 454.40
Rounded -0.40
Total 292974.00
7. They Purchased below items from Harish, Chennai
Sl No Item GST Rate Qty Rate Amount
1 Canvas 28% 1500 16 24000.00
2 S Buttons 18% 10000 0.45 4500.00
3 Zip 18% 3500 6.75 23625.00
4 Thread 18% 6500 5.25 34125.00
Total 86250.00
IGST 17925.00
Transport 0.75% 646.88
Hamali 0.20% 172.50
Rounded -0.38
Total 104994.00
8. The Manufacture Below items by using specified items
Jeans Pant Jeans Shirt Cotton Pant Cotton Shirt
JP cloth 1.2 JS cloth 2.5 CP Cloth 1.25 CS cloth 2.25
P buttons 3 S buttons 10 P buttons 2 S buttons 15
Zip 4 Canvas 1.5 Zip 2 Canvas 2
Thread 2.5 Thread 1.5 Canvas 1.75 Thread 2
Thread 2

Designed & Printed by: COMPTECH COMPUTERS ®, Sante Maidana, Molakalmuru-577 535, Chitradurga, Karnataka
Contact No. : 99453 03435, Email: [Link]@[Link]
 Page 26 of 26

9. They given materials to manufacture 350 jeans pants to Kiran & 150 jeans pants to Rajesh
10. They given materials to manufacture 300 jeans Shirts to Raghu & 400 jeans Shirts to Sujata
11. They given materials to manufacture 200 Cotton Pants & 500 Cotton Shirts Raghu
12. They given materials to manufacture 400 Cotton Pants & 300 Cotton Shirts Rajesh
13. They sold below items to Shilpa, Mysore
Sl No Product GST Rate Qty Rate Amount
1 Jeans Pant 12% 450 350 157500.00
4 Jeans Shirt 12% 450 250 112500.00
Total 270000.00
CGST 16200.00
SGST 16200.00
Transport 1.50% 4050.00
Hamali 0.25% 675.00
Total 307125.00
14. They sold below items to Jana Garments, Chitradurga
Sl No Product GST Rate Qty Rate Amount
2 Cotton Pant 12% 475 430 204250.00
3 Cotton Shirt 12% 580 300 174000.00
Total 378250.00
CGST 22695.00
SGST 22695.00
Transport 1.50% 5673.75
Hamali 0.25% 945.63
Rounded -0.38
Total 430259.00
15. They sold below items to Shilpa, Mysore by Cash
Sl No Product GST Rate Qty Rate Amount
1 Jeans Pant 12% 50 350 17500.00
2 Cotton Pant 12% 120 430 51600.00
3 Cotton Shirt 12% 210 300 63000.00
4 Jeans Shirt 12% 240 250 60000.00
Total 192100.00
CGST 11526.00
SGST 11526.00
Transport 1.50% 2881.50
Hamali 0.25% 480.25
Rounded 0.25
Total 218514.00
16. All the sundry debtors cleared their bills by cheque & They paid to all sundry creditors by cheque
17. They Deposited 2 Lakh cash in bank a/c
18. They paid 2000 building rent, 2500 electricity bill by cash
19. They paid manufacturing cost to all tailors by cheque (Calculate Tailor cost by using rates given below)
Rates for manufacturing
Jeans Pant Rs. 50 Jeans Shirt Rs. 35 Cotton Pant Rs. 45 Cotton Shirt : Rs. 25

Balance Sheet Parveen Enterprises

Liabilities Assets
Capital Account 100000.00 Duties & Taxes 40894.00
Capital A/c 100000.00 Fixed Assets 60000.00
Furniture A/c 25000.00
Loans (Liability) Machineries 40000.00
Secured Loans Current Assets 260436.00
Closing Stock 48520.00
Deposits(Assets) 10000.00
Cash-in-hand 34014.00
Profit & Loss A/c 261330.00 Bank Accounts 167902.00
Total 361330.00 Total 361330.00
Designed & Printed by: COMPTECH COMPUTERS ®, Sante Maidana, Molakalmuru-577 535, Chitradurga, Karnataka
Contact No. : 99453 03435, Email: [Link]@[Link]
 Page 27 of 27

ASSIGNMENT 9 INVENTORY VOUCHERS (MEDICAL STORE)

1. Parveen Medical started a business with one Lakh cash which is equally invested by Munajja & Manha
2. They opened a Current A/c in SBI by depositing Rs. 50000
3. They paid Rs 20000 cash for Furniture and Rs. 30000’s cheque for Building advance
4. The Purchased below items from Sharma Pharmacy, Bangalore
Sl No Item Name Group GST Batch No Expiry Date Qty Rate Amount
1 A To Z Ns Syrup SYRUP 5% AZY2023 07-2025 20 98.98 1979.60
2 A To Z Tab TAB 12% ABY2022 07-2025 15 71.19 1067.85
3 Aceflam P Tab TAB 12% AMY2021 11-2027 100 6.60 660.00
4 Amlokind At Tab TAB 12% AXY2023 01-2027 45 15.27 687.15
Total 4394.60
CGST 194.39
SGST 194.39
Rounded -0.38
Net Amount 4783.00
5. They Purchased below items to Satya Pharma Ltd., Hydrabad
Sl No Item Name Group GST Batch No Expiry Date Qty Rate Amount
1 LCF Kid Cough SYRUP 5% BMY2022 05-2025 40 21.00 840.00
2 Milkoplex Gold TAB 0% AHY2022 12-2026 10 95.00 950.00
3 Moov Ointment CREAM 28% ASY2021 11-2027 100 27.44 2744.00
4 Panderm 100gm CREAM 28% APY2022 06-2027 5 88.97 444.85
5 Panderm 50gm CREAM 28% AKY2023 02-2027 15 63.39 950.85
6 Solvin Cold Syrup SYRUP 5% ATY2023 12-2025 35 35.98 1259.30
7 Zerodol-Sp Tab TAB 12% AWY2022 06-2027 25 59.57 1489.25
Total 8678.25
IGST 1442.79
Rounded -0.04
Net Amount 10121.00
6. They Purchased below items to Sharma Pharmacy, Bangalore
Sl No Item Name Group GST Batch No Expiry Date Qty Rate Amount
1 Betnovate N Skin CREAM 28% AGY2022 09-2025 15 20.50 307.50
2 Digene Get Mint SYRUP 5% AKY2023 07-2025 20 52.14 1042.80
3 Fourts B Tab TAB 12% AZY2021 01-2027 30 40.71 1221.30
4 Glimiprex Mf Tab TAB 12% ALY2023 01-2027 15 35.29 529.35
Total 3100.95
CGST 174.16
SGST 174.16
Rounded -0.27
Net Amount 3449.00
7. They sold below items to Shardha Medicals., Rayadurga
Sl No Item Name Group GST Batch No Expiry Date Qty Rate Amount
1 Milkoplex Gold TAB 0% AHY2022 12-2026 8 106.75 854.00
2 Panderm 100mg CREAM 28% APY2022 06-2027 5 107.88 539.40
3 A To Z Tab TAB 12% ABY2022 07-2025 12 105 1260.00
4 Amlokind At Tab TAB 12% AXY2023 01-2027 40 25.65 1026.00
5 A To Z Ns Syrup SYRUP 5% AZY2023 07-2025 20 125.5 2510.00
Total 6189.40
IGST 550.85
Rounded -0.25
Net Amount 6740.00

Designed & Printed by: COMPTECH COMPUTERS ®, Sante Maidana, Molakalmuru-577 535, Chitradurga, Karnataka
Contact No. : 99453 03435, Email: [Link]@[Link]
 Page 28 of 28

8. They purchased below items from Apollo Pharmacy, Bangalore

Sl No Item Name Group GST Batch No Expiry Date Qty Rate Amount
1 A To Z NS Syrup SYRUP 5% ARY2022 07-2025 30 108.28 3248.40
2 A To Z Tab TAB 12% AFY2021 07-2025 25 71.19 1779.75
3 Aceflam P Tab TAB 12% AMY2021 11-2027 150 5.6 840.00
4 Amlokind At Tab TAB 12% AFY2023 01-2027 40 15.27 610.80
Total 6478.95
CGST 275.05
SGST 275.05
Rounded -0.05
Net Amount 7029.00

9. They sold below items to S R Medicals, Molakalmuru

Sl No Item Name Group GST Batch No Expiry Date Qty Rate Amount
1 A To Z Ns Syrup SYRUP 5% ARY2022 07-2025 20 125.5 2510.00
2 Amlokind At Tab TAB 12% AXY2023 01-2027 5 25.65 128.25
3 Amlokind At Tab TAB 12% AFY2023 01-2027 35 25.65 897.75
4 Aceflam P Tab TAB 12% AMY2021 11-2027 90 16.5 1485.00
5 Digene Get Mint SYRUP 5% AKY2023 07-2025 10 72.14 721.40
6 Betnovate N Skin CREAM 28% AGY2022 09-2025 12 36.5 438.00
7 Zerodol-Sp Tab TAB 12% AWY2022 06-2027 20 95.57 1911.40
Total 8091.80
CGST 407.45
SGST 407.45
Rounded 0.30
Net Amount 8907.00

10. They sold below items to S R Medicals, Molakalmuru

Sl No Item Name Group GST Batch No Expiry Date Qty Rate Amount
1 A To Z Tab TAB 12% AFY2021 07-2025 15 105 1575.00
2 Glimiprex Mf Tab TAB 12% ALY2023 01-2027 15 53.29 799.35
3 Amlokind At Tab TAB 12% AFY2023 12-2027 5 25.65 128.25
4 Aceflam P Tab TAB 12% AMY2021 11-2027 100 16.5 1650.00
5 LCF Kid Cough SYRUP 5% BMY2022 05-2025 40 42 1680.00
Total 5832.60
CGST 291.16
SGST 291.16
Rounded 0.08
Net Amount 6415.00
11. Paid Rs. 2000 electricity deposit and Rs. 500 telephone deposit & Rs. 500 Travelling Expenses by Cash
12. All Sundry Debtors cleared their bills by cheques (use individual voucher for each party)
13. They taken Rs. 50000 hand loan from Tanzeela and deposited in SBI A/c
14. They cleared the bills of Satya Enterprises by cheque
15. They withdrawn Rs 28000 from SBI A/c

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Contact No. : 99453 03435, Email: [Link]@[Link]
 Page 29 of 29

16. They sold below items to Kiran, Rayadurga by Cash

Sl No Item Name Group GST Batch No Expiry Date Qty Rate Amount
1 Fourts B Tab TAB 12% AZY2021 01-2027 25 59.71 1492.75
2 Solvin Cold Syrup SYRUP 5% ATY2023 12-2025 35 98.35 3442.25
3 Moov Oint CREAM 28% ASY2021 11-2027 80 17.44 1395.20
4 Panderm 50gm CREAM 28% AKY2023 02-2027 15 90.58 1358.70
Total 7688.90
IGST 1122.34
Rounded -0.24
Net Amount 8811.00
17. They deposited Rs. 60000 in SBI A/c
18. They cleared all bills of Sharma Pharmacy by cheque
19. They sold below items to Shardha by Cash
Sl No Item Name Group GST Batch No Expiry Date Qty Rate Amount
1 A To Z Ns Syrup Syrup 5% ARY2022 07-2025 8 125.5 1004.00
2 Moov Ointment Cream 28% ASY2021 11-2027 15 17.44 261.60
3 A To Z Tab TAB 12% ABY2022 07-2025 3 105 315.00
4 A To Z Tab TAB 12% AFY2021 07-2025 10 105 1050.00
5 Aceflam P Tab Tab 12% AMY2021 11-2027 50 16.5 825.00
Total 3455.60
CGST 193.12
SGST 193.12
Rounded 0.16
Net Amount 3842.00
20. Paid Rs. 1500 Electricity bill, Rs. 300 Telephone bill by cheque & Rs. 3000 Salaries & 2500 Rent by Cash.
Balance Sheet
Balance Sheet Parveen Medical
Liabilities Assets
Capital Account 100000.00 Fixed Assets 20000.00
Manha 50000.00 Furniture A/c 20000.00
Munajja 50000.00 Current Assets 140250.06
Loans (Liability) 50000.00 Closing Stock 1688.06
Unsecured Loans 50000.00 Deposits(Assets) 32500.00
Current Liabilities 7755.65 Sundry Debtors
Duties & Taxes 726.65 Cash-in-hand 2153.00
Sundry Creditors 7029.00 Bank Accounts 103909.00
Profit & Loss A/c 2494.41
Total 160250.06 Total 160250.06

Designed & Printed by: COMPTECH COMPUTERS ®, Sante Maidana, Molakalmuru-577 535, Chitradurga, Karnataka
Contact No. : 99453 03435, Email: [Link]@[Link]