Q 1. Create a company with Imaginary details.

Step1: Creation of a company (imaginary name)

Path: GOT  press Alt+f3 to invoke company info menu  company Creation screen appears  enter
the relevant information.
Name of the company : sachdev enterprise
Address : 206, southstreet, hyd.
Maintain : Accounts only
Step2: save the company (press enter)
Click ‘yes’ in the accept option to save the company

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Q.2 Create a Company in Tally with following details:-
Name Rahul Enterprises
Mailing Name Rahul Enterprises
Address 12-1-975/A
Sultan Bazar,KingKothi, Hyderabad
Country India
State Telangana
PIN Code 500001
Mobile No. 9988776655
E-mail ID rahul@[Link]
Country India
Maintain Accounts with Inventory
Financial Year From 1-4-2018
Books Beginning from 1-4-2018
Tally Vault No
Security Control No

Step1: Creation of a company

Path: GOT press Alt+f3 to activate company info  company Creation screen appears  enter the
relevant information.
Name Rahul Enterprise
Mailing Name Rahul Enterprise
Address 12-1-975/A, sultan Bazar, King koti, hyd
Country India
State Telangana
PIN No. 500001
Mobile No. 9988776655
E-Mail ID rahul@[Link]
Country India
Maintain Accounts only
Financial year from 1-4-2018
Books Beginning from 1-4-2018
Tally Vault No
Security Control No
Step2: save the company (press enter)
Click ‘yes’ in the accept option to save the company

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 Q4. Create the following Ledgers under relevant groups in Tally giving their Opening
Balances and display the following for Suresh & Co.:
a) Trial Balance - Total Rs.3,43,200/-
b) Profit and Loss Account - Gross Profit Rs.36,500/- Net Profit Rs.24,800/-
c) Balance Sheet - Total Rs. 1,01,000/-
Debit Balances Amount Credit Balances Amount
Rs. Rs.
Stock (1-4-2017) 96000 Capital 50000
Wages 28000 Loan 9000
Salaries 4000 Sales 250000
Carriage 5000 Reserve for Bad 5000
Inward Debts
Purchases 120000 Discount on 4000
Purchases
Interest on 200 Creditors 23000
Loan
Cash at Bank 1800 Purchases 1500
Returns
Buildings 11000 Outstanding 700
Expenses
Sales Returns 1000
Debtors 35000
Office Expenses 5500
Drawings 6500
Depreciation 2000
Rent 2400
Plant 18000
Travel Expenses 5000
Advertisement 1600
Cash in Hand 200
343200 343200
Closing Stock (31-3-2018) Rs. 35000/-

Step1: Creation of a company in the name of suresh & co.

Path: GOT press Alt+f3 to activate company info  company Creation screen appears  enter the
relevant information.
Stept2: Creation of ledger
Path: GOT  Accounts Info  Ledger Multiple Ledger  create
Multiple ledger screen appears  enter the details

S. No. Ledge name Under group Amount Dr/Cr

1 Stock (opening) Stock-in-hand 96000 Cr
2 wages Direct expenses 28000 Dr
3 Salaries Indirect expenses 4000 Dr
4 Carriage inward Direct expenses 5000 Dr
5 Purchases Purchases a/c 120000 Dr
6 Interest on loan Indirect expenses 200 Dr

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 7 Cash at bank Bank a/c 1800 Dr
8 Building Fixed assets 11000 Dr
9 Sales return Sales a/c 1000 Dr
10 Debtor S. debtors 35000 Dr
11 office expenses Indirect expenses 5500 Dr
12 Drawings Capital a/c 6500 Dr
13 Deprecation Indirect expenses 2000 Dr
14 Rent Indirect expenses 2400 Dr
15 Plant Fixed assets 18000 Dr
16 Travel expenses Indirect expenses 5000 Dr
17 Advertisement Indirect expenses 1600 Dr
18 Capital Capital a/c 50000 Cr
19 Loan Liabilities (loans & advances) 9000 Cr
20 Sales Sales a/c 250000 Cr
21 Reserve for bad debts Reserve & surplus 5000 Cr
22 Discount Indirect income 4000 Cr
23 Creditors S. creditor 23000 Cr
24 Purchase return Purchases a/c 1500 Cr
25 Outstanding expenses C. liabilities 700 Cr

Step3: for closing stock

Path: GOT Accounts Info  ledge  alter  single  opening stock  enter the date & amount of
closing stock ( alter 35000 & press enter key)
Step4: for cash
Path: GOT  accounts info  alter  enter the amount of cash (200)
Step5: Display
trial balance: GOT  Display  Trial balance  Alt+F1
P&L a/c : GOT  display  P&L a/c  Alt+F1
Balance sheet: GOT  Balance sheet  Alt+F1

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Q.5 Create the following ledgers in Multiple Ledger Creation Mode:-
Sl No. Ledger Name
1. Machinery A/c
2. Furniture A/c
3. Land & Building A/c
4. Loose Tools A/c
5. Fixtures A/c
6. Discount Paid A/c
7. Discount Received A/c
8. Interest Paid A/c
9. Interest Received A/c
10. Commission Paid A/c
11. Printing Stationery A/c
12. Postage A/c
13. Wages A/c
14. Loan Taken from HDFC Bank A/c
15. Suspense A/c
16. Motive Power A/c
17. Purchases A/c
18 Sales A/c
19 Capital A/c
20. Bank A/c

Step1: Creation of a company

Path: GOT press Alt+f3 to activate company info  company Creation screen appears  enter the
relevant information.
Stept2: Creation of ledger
Path: GOT  Accounts Info  Ledger Multiple Ledger  create Multiple ledger screen appears 
enter the details
S. No Ledger Under group Amount Dr/Cr
1 Machinery Fixed assets
2 Furniture Fixed assets
3 Land & building Fixed assets
4 Loose tools Fixed assets
5 Fixtures Fixed assets
6 Discounts Indirect expenses
7 Discounts received Indirect income
8 Interest Indirect expenses
9 Interest received Indirect income
10 Commission Indirect expenses
11 Printing & Stationary Indirect expenses
12 Postage Indirect expenses
13 Wages Direct expenses
14 Loan taken from HDFC bank Liabilities(loans & advances)
15 Suspense Suspense a/c
16 Motive power Direct expense

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17 Purchases Purchases a/c
18 Sales Sales a/c
19 Capital Capital a/c
20 Bank Bank a/c

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Q.6 Create the following ledgers in Single Ledger Creation Mode
S No. Ledger Name
1. Land & Building A/c
2. Furniture & Fixture A/c
3. Trade Marks A/c
4. Patents A/c
5. Debtors A/c
6. Discount Paid A/c
7. Discount Received A/c
8. Commission Paid A/c
9. Printing & Stationery A/c
10. Creditors A/c
11. Wages A/c
12. Purchases A/c
13. Sales A/c
14. Capital A/c
15. Bank A/c

Step1: Creation of a company

Path: GOT press Alt+f3 to activate company info  company Creation screen appears  enter the
relevant information.
Stept2: Creation of ledger
Path: GOT  Accounts Info  Ledger  single Ledger  create single ledger screen appears  enter
the details.

S. No Ledger Under group amount Dr/Cr

1 Land & Building Fixed assets
2 Furniture & fixture Fixed assets
3 Trade marks Fixed assets
4 Patents Fixed assets
5 Debtors C. assets
6 Discount Indirect expenses
7 Discount received Indirect income
8 Commission Indirect expenses
9 Printing & stationary Indirect expenses
10 Creditors C. liabilities
11 Wages Direct wages
12 Purchases Purchases a/c
13 Sales Sales a/c
14 Capital Capital a/c
15 Bank Bank a/c

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Q. 7 Create following Godowns for “Dinesh Kirana Store “:
Kothi, Sultan Bazar, Begum Bazar.

Step1: Creation of a company in the name of ‘Dinesh kirana store’

Path: : GOT press Alt+f3 to activate company info  company Creation screen appears  enter the
relevant information by selecting ‘Accounts with inventory’
Step2: activation of godown
Path: GOT Inventory Info  press F11 feature key to bring up the company feature sub-menu 
press F2 to select inventory feature  set the option ‘maintain stock godown?’ under storage &
classification to ‘yes’  lastly accept click ‘yes’ to save the screen.
Step3: Creation of godown
Path: GOT  Inventory Info  stock godown  multiple stock godown  create (press enter)
Type the following details:
Godown Under group
Kothi Main Location
Sultan Bazar Main Location
Begum Bazar Main Location
Step4: Generate Reports
Path: GOT  Display  Inventory Books  Group Summary

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Q8. Create a company named “Dinesh Kirana Store “ and create following stock Groups ad stock
items according to the given information
Stock Item Company / Unit of Quantity Price
Brand Measurement
(Stock
Group)
Rice Daawat Kg. 500 100
Oil Gold Drop Ltr 1000 105
Mustard Oil Fortune Ltr 250 120
Biscuits Sunfeast No. 500 10
Chilli Powder Everest Pkt 100 50
Black Pepper Everest Pkt 100 40
Step1: Creation of a company in the name of ‘Dinesh kirana store’
Path: : GOT press Alt+f3 to activate company info  company Creation screen appears  enter the
relevant information by selecting ‘Accounts with inventory’
Step2: activation of godown
Path: GOT Inventory Info  press F11 feature key to bring up the company feature sub-menu 
press F2 to select inventory feature  set the option ‘maintain stock godown?’ under storage &
classification to ‘yes’  lastly accept click ‘yes’ to save the screen.
Step3: create Stock groups
Path: GOTInventory Info  group  multiple group  create
Enter the following information
S. No. Name of the Group
1 Daawat
2 Gold Drop
3 Fortune
4 Sunfeast
5 Everest
Step4: create units of measure
Path: GOTInventory Info  units of measure  create
Enter the following information:
S. No. Units
1 Kg (kilogram)
2 Ltr (liter)
3 No. (numbers)
4 Pkt (packets)
Step5: create stock items
Path: GOTInventory Info  stock items  multiple stock items  create
SNo Stock item Under Group Units of measure Quantity Price Amt
1 Rice Daawat Kg 500 100
2 Oil Gold Drop Ltr 1000 105
3 Mustard oil Fortune Ltr 250 120
4 Biscuits Sunfeast No. 500 10
5 Chilly powder Everest Pkt 100 50
6 Black pepper Everest Pkt 100 40
Step6: Generate Reports
Path: GOT  Display  Inventory Books  Group Summary

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Q 10. Enter the following transaction:
1. Started business with Cash Rs.2, 00,000
2. Purchased Goods from Amit Suppliers on credit of Rs.1, 50,000.
3. Deposit Cash in to Bank Rs. 25,000
4. Sold goods to Dynamic Traders Pvt. Ltd. of Rs. 1, 30,000
5. Received a cheque of Rs. 1, 27,000 from Dynamic Traders Pvt. Ltd.
6. Issued a cheque of Rs. 1, 00,000 as a partial payment to Amit Suppliers.
7. Purchase Goods for Rs. 45000 by Cash
8. Purchase Goods for Rs.8500 by SBI Bank.
9. Purchase Goods from "Krishna Mohan " for Rs. 67500 for Credit.
10. Purchase Goods from "Siva Mohan Agency" for Rs. 7200 and paid by SBI Bank Cheque.
11. Purchase Goods from "Mehatha G/s" for Rs. 15000 and Cash Discount received @ 2%.
12. Cash Purchase Goods from "Krishna G/s" for Rs. 12000.
13. Goods given to proprietor daughter Rs. 1800.
14. Purchased furniture for proprietor’s residence by cash.
15. Cash Withdrawn from Bank.

Step1: Creation of a company in the name of National Traders

Path: GOT press Alt+f3 to activate company info  company Creation screen appears  enter the
relevant information.
Stept2: Creation of ledger
Path: GOT  Accounts Info  Ledger Multiple Ledger  create Multiple ledger screen appears 
enter the details
S. No Ledger Under group Amount Dr/Cr
1 Capital Capital a/c
2 Amit suppliers S. creditors
3 Purchases Purchases a/c
4 Bank Bank a/c
5 Dynamic Traders Pvt. Ltd S. debtors
6 Discount Indirect income
7 SBI bank Bank a/c
8 Discounts Indirect expenses
9 Drawings Capital a/c
10 furniture Fixed assets
11 Krishna mohan s. creditors

Stept3: Creation of accounting vouchers

Path: GOT  Accounting Vouchers

s. No Particularss Vch No LF Debit Credit

1 Cash a/c_____________________________ Dr F6 200000
To capital a/c 200000
2 Purchases a/c __________________________ Dr F7 150000

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 To Amit suppliers a/c 150000
3 Bank a/c __________________________ Dr F4 25000
To cash a/c 25000
4 Dynamic Traders Pvt Ltd a/c _______________ Dr F7 130000
To sales a/c 130000
5 Bank a/c ______________________________ Dr F6 127000
Discount a/c ___________________________ Dr 3000
To Dynamic Traders Pvt Ltd a/c 130000
6 Amit suppliers a/c _______________________ Dr F5 100000
To bank a/c 100000
7 Purchases a/c __________________________ Dr F5 45000
To cash a/c 45000
8 Purchases a/c __________________________ Dr F5 8500
To SBI bank a/c 8500
9 Purchases a/c ___________________________ Dr F7 67500
To Krishna mohan a/c 67500
10 Purchases a/c __________________________ Dr F5 7200
To SBI bank a/c 7200
11 Purchases a/c __________________________ Dr F5 15000
To discount a/c 300
To cash a/c 14700
12 Purchases a/c __________________________ Dr F5 12000
To cash a/c 12000
13 Drawings a/c __________________________ Dr F7 10000
To purchases a/c 10000
14 Furniture a/c __________________________ Dr F5 10000
To cash a/c 10000
15 Cash a/c _____________________________ Dr F4 10000
To bank a/c 10000
Step4: Display day book
Path: GOT  Display  Day book  Alt+F1

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Q [Link] following Journal entries:
1. Rs.6000 was stolen from the safe of the firm.
2. Received an order from Kapil for the supply of goods worth Rs. 240000. In this connection
we received Rs. 120000 as Advance.
3. Goods sold for cash Rs. 60000. Also received 7 % sales tax.
4. Given as Charity: Cash Rs. 6000, Goods Rs. 18000 & Sofa-set worth Rs. 24000.
5. Goods worth Rs. 4200 stolen by an employee.
6. Purchase two House worth Rs. 110000 for the business.
7. Goods given to proprietor daughter Rs. 1800.
8. Goods worth Rs. 6000 Destroyed by fire.
9. Goods worth Rs. 12000 distributed as sample.
10. Bricks worth Rs. 600000 purchased for the construction of building.

Step1: Creation of a company

Path: GOT press Alt+f3 to activate company info  company Creation screen appears  enter the
relevant information.
Stept2: Creation of ledger
Path: GOT  Accounts Info  Ledger Multiple Ledger  create Multiple ledger screen appears 
enter the details

S. No Ledger Under Group Amount Dr/Cr

1 Loss by theft P&l a/c
2 Kapil S. debtors
3 Sales tax Indirect expenses
4 Sales Sales a/c
5 Donation Indirect expenses
6 Purchases Purchases a/c
7 Furniture Fixed assets
8 Building (houses 2) Fixed assets
9 Drawings Capital a/c
10 P&L a/c P&l a/c
11 Trading Trading a/c
12 Free sample Indirect expenses
13 Building (brick) Fixed assets
14 Goods destroyed by fire Indirect expenses
Stept3: Creation of accounting vouchers
Path: GOT  Accounting Vouchers

S. No Particularss Vch No LF debit Credit

1 Loss by theft a/c _________________________ Dr F5 6000
To cash a/c 6000
2 Cash a/c _____________________________ Dr F6 120000
To kapil a/c 120000
3 Cash a/c _____________________________ Dr F6 60000
Sales tax a/c ___________________________ Dr 4200

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 To sales a/c 64200
4 Donation a/c ___________________________ Dr F5 6000
To cash a/c 6000
5 Donation a/c ___________________________ Dr F7 18000
To purchases a/c 18000
6 Donation a/c ___________________________ Dr F7 24000
To furniture (sofa set) a/c 24000
7 Loss by theft a/c ________________________ Dr F7 4200
To purchases a/c 4200
8 Building (houses 2) a/c ___________________ Dr F5 110000
To cash a/c 110000
9 Drawings a/c __________________________ Dr F7 1800
To purchases a/c 1800
10 Goods destroyed by fire a/c ______________ Dr F7 6000
To Trading a/c 6000
11 Free samples a/c _______________________ Dr F7 12000
To purchases a/c 12000
12 Building (bricks) a/c _______________________ Dr F5 600000
To cash a/c 600000
Step4: Display day book
Path: GOT  Display  Day book  Alt+F1

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Q [Link] the following transaction in the books of Ram. Post them in the ledger and
balanced the various accounts opened in the ledger.
April-2 Ram started his business with Cash Rs. 70000.
April-3 Deposited in to Bank Rs. 50000.
April-4 Purchased goods for cash from Mr. X Rs. 5000.
April-5 Bought goods on credit from Mr. Y Rs. 6000.
April-6 Returned goods to Mr. Y Rs. 1000.
April 10 Sold goods for cash to Mr. A Rs. 6000.
April-15 Sold goods to Mr. B Rs. 6000.
April-16 Mr. B returns goods Rs. 1000.
April-17 Drew from Bank for personal use Rs. 5000.
April-25 Paid to Mr. Y in full Settlement by Cheque Rs. 4800.

Step1: Creation of a company in the name of Ram

Path: GOT press Alt+f3 to activate company info  company Creation screen appears  enter the
relevant information.
Stept2: Creation of ledger
Path: GOT  Accounts Info  Ledger Multiple Ledger  create Multiple ledger screen appears 
enter the details
S. No ledgers Under group Amount Dr/Cr
1 Capital Capital a/c
2 discount Indirect income
3 Bank Bank a/c
4 Purchases Purchases a/c
5 Mr. Y S. creditors
6 Purchases return Purchases a/c
7 Sales Sales a/c
8 Mr. B S. debtors
9 Sales return Sales a/c
10 Drawings Capital
Step3: Creation of accounting vouchers
Path: GOT  Accounting Vouchers

S. No particularss Vch No LF debit Credit

1 Cash a/c __________________________ Dr F6 70000
To capital a/c 70000
2 Bank a/c __________________________ Dr F4 50000
To cash a/c 50000
3 Purchases a/c _______________________ Dr F5 5000
To cash a/c 5000
4 Purchases a/c _______________________ Dr F7 6000
To Mr. Y a/c 6000
5 Mr. Y a/c ____________________________ Dr F7 1000
To purchases return a/c 1000
6 Cash a/c ___________________________ Dr F6 6000
To sales a/c 6000
7 Mr. B a/c ____________________________ Dr F7 6000

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 To sales a/c 6000
8 Sales return a/c _______________________ Dr F7 1000
To Mr. B a/c 1000
9 Drawings a/c _________________________ Dr F5 5000
To bank a/c 5000
10 Mr. Y a/c ___________________________ Dr F5 5000
To bank a/c 4800
To discount 200
Step4: Display day book
Path: GOT  Display  Day book  Alt+F1

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Q 14. Enter the Following Transactions maintain bill wise details:-
Mohan started business with cash Rs 10,000
Purchase following stock item items from Ravi on 1 Oct 2015.
Bill No Item Purchase price Unit purchase
/unit
No/001 Dove soap 100 Rs.50 100
gm
No/001 Dove soap 200 Rs 100 50
gm
No/001 Lux soap 100 gm Rs 22 100
No/001 Lifebouy 100 gm Rs 20 200
Purchase following stock item from Sudha trader on 2 oct 2015
Bill No Item Purchase price Unit purchase
/unit
No/002 Maggi 100 gm Rs.8 100
No/002 Maggi 400 gm Rs 35 50
No/002 Top remen 100 Rs 12 100
gm
No/002 Top remen 400 Rs 40 200
gm

Step1: creation of a company in the name of ‘MOHAN’

Path: : GOT press Alt+f3 to activate company info  company creation screen appears  enter the
relevant information by selecting ‘Accounts with inventory’
Step2: activation of godown
Path: GOT Inventory Info  press F11 feature key to bring up the company feature sub-menu 
press F2 to select inventory feature  set the option ‘maintain stock godown?’ under storage &
classification to ‘yes’  lastly accept click ‘yes’ to save the screen
Step3: creation of ledger
Path: GOT  accounts info  ledger  single ledger  create
S. No Ledger name Under group amount Dr/Cr
1 capital Capital a/c
Step4: creation of accounting voucher
Path: GOT  accounting voucher
S. No particularss Vch No LF Debit Credit
1 Cash a/c ____________________________ Dr F6 10000
To capital a/c 10000
Step5: create units of measure
Path: GOTInventory Info  units of measure  create
Enter the following information:
S. No. Units
1 Gm (gram)
Step6: create stock items
Path: GOTInventory Info  stock items  multiple stock items  create
SNo Stock item Under Group Units of measure Quantity Price Amt
1 Dove soap Primary 100 gm 100 50
2 Dove soap Primary 200 gm 50 100

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3 Lux soap Primary 100 gm 100 22
4 Life bouy Primary 100 gm 200 20
Step7: Generate Reports
Path: GOT  Display  Inventory Books  Group Summary
Step8: create stock items
Path: GOTInventory Info  stock items  multiple stock items  create

SNo Stock item Under Group Units of measure Quntity Price Amt
1 Maggi Primary 100 gm 100 8
2 Maggi Primary 400 gm 50 35
3 Top remen Primary 100 gm 100 12
4 Top remen Primary 400 gm 200 40
Step9: Generate Reports
Path: GOT  Display  Inventory Books  Group Summary

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Q [Link] a Company and Enter the Followings and Find as per maintain Bill-wise Details
a) Goods sold to Ravi Rs. 15000/- (1-Apr-2014)

b) Cash received from Ravi Rs. 10000/- (1-Apr-2014)

c) Goods sold to Ravi Rs. 10000/- (1-May-2014)
d) Cash received from Ravi Rs. 20000/- (1-May-2014)
e) Goods sold to Ravi Rs. 25000/ (1-Jun-2014)
f) Interest charged to Ravi Rs. 500/- (1-Jun-2014)

Step1: Creation of a company in the name of Ram

Path: GOT press Alt+f3 to activate company info  company Creation screen appears  enter the
relevant information.
Stept2: Creation of ledger
Path: GOT  Accounts Info  Ledger Multiple Ledger  create Multiple ledger screen appears 
enter the details
S. No ledger Under group Amount Dr/Cr
1 Ravi S. debtor
2 Sales Sales a/c
3 Interest Indirect income
Step3: Creation of accounting vouchers
Path: GOT  Accounting Vouchers
Note: Press F11 & type ‘yes” besides maintain bill wise details
Date Particulars Vch No LF debit Credit
1-4-14 Ravi a/c ____________________________ Dr F7 15000
To sales a/c 15000
1-4-14 Cash a/c ___________________________ Dr F6 10000
To Ravi a/c 10000
1-5-14 Ravi a/c ____________________________ Dr F7 10000
To sales a/c 10000
1-5-14 Cash a/c ____________________________ Dr F6 20000
To Ravi a/c 20000
1-6-14 Ravi a/c ____________________________ Dr F7 25000
To sales a/c 25000
1-6-14 Interest a/c _________________________ Dr F7 500
To Ravi a/c 500
Step4: Display day book
Path: GOT  Display  Day book  Alt+F1

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Q.16. Show the balance sheet of Royal Star Company, with the following accounts, under
relevant groups with imaginary figures:
i) Fixed assets: a) Land b) Building c) Machinery d) Furniture e) Goodwill
ii) Current assets: a) Trade Debtors b) Stock c) Bills Receivable d) Bank e) Cash
iii) Loan accounts: a) Loan from Andhra Bank b) Loan from Ramu
iv) Capital account

Step1: Creation of a company in the name of ‘ Royal Star Company’

path: GOT press Alt+f3 to activate company info  company Creation screen appears  enter the
relevant information.
Stept2: Creation of ledger
Path: GOT  Accounts Info  Ledger Multiple Ledger  create Multiple ledger screen appears 
enter the details (imaginary amount)
S. No Ledger Under group amount Dr/Cr
1 Land Fixed assets 100000 Dr
2 Building Fixed assets 250000 Dr
3 Machinery Fixed assets 150000 Dr
4 Goodwill current assets 200000 Dr
5 Trade debtors Current assets 50000 Dr
6 Stock current asset 45000 Dr
7 Bills receivable current asset 30000 Dr
8 Bank Bank a/c 80000 Dr
9 Loan from Andhra bank Liabilities (loans & advances) 200000 Cr
10 Loan from Ramu Liabilities (loans & advances) 220000 Cr
11 Capital Capital a/c 550000 Cr
12 Furniture Fixed assets 75000 Dr
Step3: Display
Balance sheet: GOT  Balance sheet  Alt+F1

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Q.17 Enter the following transactions by creating relevant accounts and groups.
i) Purchased goods from Ram Rs.10000
ii) Purchased goods from Roshan Rs.5000
iii)Purchased goods from Mohan Rs.20000
iv)Sold goods to Leela Rs.25000
v) Sold goods to Praveena Rs.30000
vi)Sold goods to Praveen Rs.20000.

Step1: Creation of a company

Path: GOT press Alt+f3 to activate company info  company Creation screen appears  enter the
relevant information.
Stept2: Creation of ledger
Path: GOT  Accounts Info  Ledger Multiple Ledger  create Multiple ledger screen appears 
enter the details
S. No Ledger Under group amount Dr/cr
1 purchases Purchases a/c
2 Sales Sales a/c
3 Ram S. creditors
4 Roshan S. creditors
5 Mohan S. creditors
6 Leela S. debtors
7 Praveena S. debtors
8 praveen S. debtors
Stept3: Creation of accounting vouchers
Path: GOT  Accounting Vouchers
S. No Particularss Vch No Lf Debit Credit
1 Purchases a/c _____________________ Dr F7 10000
To Ram a/c 10000
2 Purchases a/c _____________________ Dr F7 5000
To Roshan a/c 5000
3 Purchases a/c _____________________ Dr F7 20000
To Mohan a/c 20000
4 Leela a/c _________________________ Dr F7 25000
To sales a/c 25000
5 Praveena a/c _________________________ Dr F7 30000
To sales a/c 30000
6 Praveen a/c _________________________ Dr F7 20000
To sales a/c 20000
Step4: Display day book
Path: GOT  display  day book Alt+F1

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Q.18 From the information given below prepare P & L account & B/S.
Salaries 70,000 Capital 6,00,000
Rent 30,000 Commission 10,000
received
Stationary 5,000 Sales 1,65,000
Cash 45,000
Furniture 4,60,000
Purchases 84,000
Machinery 81,000
Adjustments: Outstanding Rent Rs.1000, Depreciation on furniture @
5%, Machinery @ 4%.

Step1: Creation of a company

Path: GOT press Alt+f3 to activate company info  company Creation screen appears  enter the
relevant information.
Stept2: Creation of ledger
Path: GOT  Accounts Info  Ledger Multiple Ledger  create Multiple ledger screen appears 
enter the details

S. No Ledger Under group amount Dr/Cr

1 Salaries Indirect expenses 70000 Dr
2 Rent Indirect expenses 30000 Dr
3 stationary Indirect expenses 5000 Dr
4 Furniture Fixed assets 460000 Dr
5 Purchases Purchases a/c 84000 Dr
6 Machinery Fixed assets 81000 Dr
7 Capital Capital a/c 600000 Cr
8 Commission Indirect income 10000 Dr
9 Sales Sales a/c 165000 Cr
10 Outstanding rent Current liabilities
11 Dep. On furniture Indirect expenses
12 Dep. On machinery Indirect expenses
Step3: creation of accounting voucher
path: GOT accounting voucher
S. No particulars Vch No LF Debit credit
1 Rent a/c _________________________ Dr F7 1000
To o/s Rent a/c 1000
2 Dep on furniture a/c ________________ Dr F7 23000
To furniture a/c 23000
3 Dep on machinery a/c ________________ Dr F7 3240
To machinery a/c 3240
Step4: Display
P&L a/c : GOT  display  P&L a/c  Alt+F1
Balance sheet: GOT  Balance sheet  Alt+F1

31
32
Q.19. [Link] started business with cash Rs.3,00,000:
i) Purchased 30 CTV’s @10,000 each for cash.
ii)Paid carriage on purchase Rs.2000
iii) Sold 12 CTV’s @12,000 each for cash
iv) Sold 10 CTV’s @12,000 each to Rajnikant.
v) Paid salaries Rs.2,000 and Rent Rs.1,000
Prepare P & L A/c.

Step1: Creation of a company in the name of Mr. Rajesh

Path: GOT press Alt+f3 to activate company info  company Creation screen appears  enter the
relevant information.
Stept2: Creation of ledger
Path: GOT  Accounts Info  Ledger Multiple Ledger  create Multiple ledger screen appears 
enter the details
S. No Ledger Under group amount Dr/Cr
1 Purchases Purchases a/c
2 Carriage on purchases Direct expenses
3 Sales Sales a/c
4 Rajnikant S. debtors
5 Salaries Indirect expenses
6 Rent Indirect expenses
7 capital Capital a/c
Stept3: Creation of accounting vouchers
Path: GOT  Accounting Vouchers
S. No Ledger Vch No. LF Debit Credit
1 Cash a/c ________________________ Dr F6 300000
To capital a/c 300000
2 Purchases a/c ___________________ Dr F5 300000
To cash a/c 300000
3 Carriage on Purchases a/c ____________ Dr F5 2000
To cash a/c 2000
4 Cash a/c ________________________ Dr F6 144000
To sales a/c 144000
5 Rajnikanth a/c __________________ Dr F7 120000
To sales a/c 120000
6 salaries a/c ___________________ Dr F5 2000
To cash a/c 2000
7 rent a/c ___________________ Dr F5 1000
To cash a/c 1000
Step4: Display
P&L a/c : GOT  display  P&L a/c  Alt+F1

33
34
Q.20 Edit the following transactions:
i. Bought goods worth Rs.5,550, alter it to Rs.7,000
ii. Sold Goods to Roja Rs.5,000 alter it to Rs.3,000
iii. Cash received from Kamesh Rs.1,000 alter it to Krishna
iv. Paid cash to Yaday Rs.1,000, alter to bank.

Step1: Creation of a company

Path: GOT press Alt+f3 to activate company info  company Creation screen appears  enter the
relevant information.
Stept2: Creation of ledger
Path: GOT  Accounts Info  Ledger Multiple Ledger  create Multiple ledger screen appears 
enter the details
S. No Ledger Under group Amount Dr/cr
1 Purchases Purchases a/c
2 sales Sales a/c
3 Roja S. debtors
4 Kamesh S. creditors
5 krishna S. creditors
6 Yaday S. debtors
7 bank Bank a/c
Stept3: Creation of accounting vouchers
Path: GOT  Accounting Vouchers
S. No Particularss Vch No LF Debit Credit
1 Purchases a/c ______________________ Dr F5 5550
To cash a/c 5550
2 Roja a/c ___________________________Dr F7 5000
To sales a/c 5000
3 Cash a/c ___________________________Dr F6 1000
To kamesh a/c 1000
4 Yadav a/c ______________________ Dr F5 1000
To cash a/c 1000
Stept4: alteration of accounting vouchers
Path: GOT  Accounting vouchers  page up button
S. No Particularss Vch No LF Debit Credit
1 Purchases a/c ______________________ Dr F5 7000
To cash a/c 7000
2 Roja a/c ___________________________Dr F7 3000
To sales a/c 3000
3 Cash a/c ___________________________Dr F6 1000
To krishna a/c 1000
4 Yadav a/c ______________________ Dr F5 1000
To bank a/c 1000
Step3: Display daybook
Path: GOT  display  daybook  Alt+F1

35
36
Q.21 From the following ledger balances of Ayaan Ltd., prepare Trading and P & L a/c for the year
ending 31-3-2018 and a balance sheet as at that date.
Particularss Rs Rs
Cash in hand 15,000 P & L a/c on 1-4- 80,000
2009
Cash at bank 6,100 share capital 2, 00,000
20,000 equity
shares @ 10/-
Rent 3,600
Wages 10,000
Bad debts 500
Plant and machinery 68,000
sundry creditors 20,500
Bills payable 10,000
Sales 2,70,000
Opening stock 21,000
Salaries 6,000
Land and buildings 1, 80,000
Furniture 18,000

Step1: Creation of a company in the name of Ayaan Ltd

Path: GOT press Alt+f3 to activate company info  company Creation screen appears  enter the
relevant information.
Stept2: Creation of ledger
Path: GOT  Accounts Info  Ledger Multiple Ledger  create Multiple ledger screen appears 
enter the details
S. No Ledger Under group Amount Dr/cr
1 Bank Bank a/c 15000 Dr
2 Rent Indirect expenses 3600 Dr
3 wages Direct expenses 10000 Dr
4 Bad debts Indirect expenses 500 Dr
5 Plant & machinery Fixed assets 68000 Dr
6 Equity share capital Capital a/c 200000 Cr
7 S. creditors s. creditor 20500 Cr
8 Bills payable c. liabilities 10000 Cr
9 Sales Sales a/c 270000 Cr
10 Salaries Indirect expenses 6000 Dr
11 Land & building Fixed assets 180000 Dr
12 furniture Fixed assets 18000 Dr
13 Stock Stock-in-hand 21000 Dr
Step3: for cash alteration
Path: GOT  Accounts Info  Ledger Multiple Ledger alter  enter the amount of cash
Step4: Display
Trial balance: GOT  Display  Trial balance  Alt+F1
P&L a/c : GOT  display  P&L a/c  Alt+F1
Balance sheet: GOT  Balance sheet  Alt+F1

37
38
Q.22 Prepare funds flow from the given information below:

Name Of The Account Dr. RS. Cr. RS.

Furniture 20000 -

Machinery 100000 -

Buildings 200000 -

Capital - 300000

Cash 10000 -

Bills payable - 60000

Trade debtors 160000 -

Trade creditors - 130000

Step1: Creation of a company

Path: GOT press Alt+f3 to activate company info  company Creation screen appears  enter the
relevant information.
Stept2: Creation of ledger
Path: GOT  Accounts Info  Ledger Multiple Ledger  create Multiple ledger screen appears 
enter the details
S. No Ledger Under group Amount Dr/Cr
1 Furniture Fixed assets 20000 Dr
2 machinery Fixed assets 100000 Dr
3 Building Fixed assets 200000 Dr
4 Capital Capital a/c 300000 Cr
5 Bills payable c. liabilities 60000 Cr
6 Trade debtors S. debtors 160000 Dr
7 Trade creditors S. creditors 130000 Cr
Step4: Display fund flow statement
Path: GOT display  fund flow statement  Alt+F1

39
40
 Q.23 . Prepare a cash flow statement for the following cash transactions.
a. Anil brought in cash towards Capital Rs.75000
b. Deposited into bank Rs.60000
c. Purchased goods Rs.9000
d. Sale of goods worth Rs.21000
e. Paid to Ganesh (a supplier) Rs.15000
f. Received from Hari (a customer) Rs.18000

Step1: Creation of a company in the name of Anil Ltd

Path: GOT press Alt+f3 to activate company info  company Creation screen appears  enter the
relevant information.
Stept2: Creation of ledger
Path: GOT  Accounts Info  Ledger Multiple Ledger  create Multiple ledger screen appears 
enter the details
[Link] Ledger Under group Amount Dr/Cr
1 Capital Capital a/c
2 Bank Bank a/c
3 Purchases Purchases a/c
4 Sales Sales a/c
5 Ganesh S. creditors
6 Hari S. debtors

Stept3: Creation of accounting vouchers

Path: GOT  Accounting Vouchers
S. No particularss Vch No. LF Debit Credit
1 Cash a/c ____________________________ Dr F6 75000
To Capital a/c 75000
2 Bank a/c ___________________________ Dr F4 60000
To Cash a/c 60000
3 Purchases a/c ________________________ Dr F5 9000
To cash a/c 9000
4 Cash a/c ____________________________ Dr F6 21000
To sales a/c 21000
5 Ganesh a/c ________________________ Dr F5 15000
To cash a/c 15000
6 Cash a/c ____________________________ Dr F6 18000
To hari a/c 18000
Step4: Display cash flow statement
Path: GOT display  cash flow statement  Alt+F1

41
42
Q.24 Prepare ratios from the following information:
Opening balance: Rs.
Capital 150000
Machinery 50000
Cash 75000
Land 50000
Plant 50000
Bank 25000
Transactions:
Purchased goods from Sita (cash) 4500
Sold goods for cash 11500
Sold goods to Geeta 17000
Paid salaries 3000
Selling expenses 1500
Distribution expenses 500

Step1: Creation of a company

Path: GOT press Alt+f3 to activate company info  company Creation screen appears  enter the
relevant information.
Stept2: Creation of ledger
Path: GOT  Accounts Info  Ledger Multiple Ledger  create Multiple ledger screen appears 
enter the details
S. No Ledger Under group amount Dr/Cr
1 Capital Capital a/c 150000 Cr
2 Machinery Fixed assets 50000 Dr
3 Land Fixed assets 50000 Dr
4 Plant Fixed assets 50000 Dr
5 Bank Bank a/c 25000 Dr
6 Purchases Purchases a/c
7 Sales Sales a/c
8 Geeta S. debtor
9 Salaries Indirect Expenses
10 Selling expenses Indirect Expenses
11 Distribution expenses Indirect Expenses
Step3: alteration of cash
Path: GOT  Accounts Info  Ledger Multiple Ledger alter  enter the amount of cash
Stept4: Creation of accounting vouchers
Path: GOT  Accounting Vouchers

S. No Particularss Vch No LF Debit Credit

1 Purchases a/c __________________________ Dr F5 4500
To cash a/c 4500
2 Cash a/c ________________________________ Dr F6 11500
To sales a/c 11500
3 Geeta a/c _______________________________ Dr F7 17000

43
 To sales a/c 17000
4 salaries a/c __________________________ Dr F5 3000
To cash a/c 3000
5 Selling expenses a/c _____________________ Dr F5 1500
To cash a/c 1500
6 Distribution expenses a/c __________________ Dr F5 500
To cash a/c 500
Step4: Display ratio analysis
Path: GOT display  ratio analysis Alt+F1

44
 Q.25 Pass Following Transactions and Display Financial Statements
1. Ashok starts business with Rs. 100000/-
2. Purchase machinery for Rs. 50000/ and furniture for Rs. 10000
3. Paid amount for rent Rs. 1000/
4. Deposits Rs,. 10000/- in Bank
5. Purchase of goods for Rs. 20000/ from Mr. Ram on credit.
6. Sold goods to Mr. Rakesh for Rs. 10000/
7. Rs. 5000/ withdraws from bank for personal use.
8. Withdraws Rs. 1000/ for office use.
9. Received cash from Mr. Rakesh.
10. Paid to Mr. Ram.

Step1: Creation of a company in the name of Ashok Ltd

Path: GOT press Alt+f3 to activate company info  company Creation screen appears  enter the
relevant information.
Stept2: Creation of ledger
Path: GOT  Accounts Info  Ledger Multiple Ledger  create Multiple ledger screen appears 
enter the details
S. No Ledger Under group Amount Dr/Cr
1 Capital Capital a/c
2 Machinery Fixed Assets
3 Furniture Fixed Assets
4 Rent Indirect expenses
5 Bank Bank a/c
6 Purchases Purchases a/c
7 Sales Sales a/c
8 Mr. Ram s. creditors
9 Mr. Rakesh s. debtors
Stept3: Creation of accounting vouchers
Path: GOT  Accounting vouchers
S. No Particularss Vch No LF debit credit
1 Cash a/c ___________________________ Dr F6 100000
To capital a/c 100000
2 Machinery a/c ________________________ Dr F5 50000
To cash a/c 50000
3 Furniture a/c ________________________ Dr F5 10000
To cash a/c 10000
4 Rent a/c ________________________ Dr F5 1000
To cash a/c 1000
5 Bank a/c ____________________________ Dr F4 10000
To Cash a/c 10000
6 Purchases a/c _______________________ Dr F7 20000
To Mr. Ram a/c 20000
7 Mr. Rakesh a/c ______________________ Dr F7 10000
To sales a/c 10000
8 Drawings a/c _______________________ Dr F5 1000

45
 To Bank a/c 1000
9 Cash a/c ___________________________ Dr F6 10000
To Mr. rakesh a/c 10000
10 Mr. Ram a/c ________________________ Dr F5 20000
To cash a/c 20000
Step4: Display financial statement
P&L a/c : GOT  display  P&L a/c  Alt+F1
Balance sheet: GOT  Balance sheet  Alt+F1

46
Q.26 Pass Following Transactions and Display Profit and Loss Account.
1. Mr. Ram starts business with Rs. 200000/- and deposited into bank Rs. 40,000.
2. Paid for office building Rs. 50000/ and furniture for Rs. 10000/-
3. Purchase raw material of Rs. 10000 on credit from Mr. Avinash.
4. Paid Wages Rs. 2000
5. Paid salary Rs. 10000
6. Return money to Mr. Avinash in settlement of Rs. 9500.
7. Sold goods to Mr. ShekarRs. 15000/-
8. Received interest on bank amount Rs. 500.
9. Received from Mr. Shekar after discount of Rs. 500.
10. Sold old news paper Rs. 450/-
11. Sold old furniture Rs. 4000/-

Step1: Creation of a company in the name of Mr. Ram

Path: GOT press Alt+f3 to activate company info  company Creation screen appears  enter the
relevant information.
Stept2: Creation of ledger
Path: GOT  Accounts Info  Ledger Multiple Ledger  create Multiple ledger screen appears 
enter the details
S. No Ledger Under group amount Dr/Cr
1 Capital Capital a/c
2 Bank Bank a/c
3 Rent for office building Indirect expenses
4 Old Furniture Fixed assets
5 Raw material Direct expenses
6 Mr. Avinash S. creditor
7 Wages Direct expenses
8 Salaries Indirect expenses
9 Discount Indirect expenses
10 Mr. Shekar S. Debtor
11 Sales Sales a/c
12 Interest Indirect income
13 Old newspaper Indirect income
14 Discounts Indirect income
Stept3: Creation of accounting vouchers
Path: GOT  Accounting vouchers
S. No Particulars Vch No LF Debit Credit
1 Cash a/c __________________________ Dr F6 200000
To capital a/c 200000
2 Bank a/c __________________________ Dr F4 40000
To Cash a/c 40000
3 Rent for office building a/c______________ Dr F5 50000
To cash a/c 50000
4 Furniture a/c __________________________ Dr F5 10000
To cash a/c 10000
5 Raw material a/c __________________________ Dr F7 10000
To Mr. Avinash a/c 10000

47
6 Wages a/c __________________________ Dr F5 2000
2000
To cash a/c
7 salaries a/c __________________________ Dr F5 10000
To cash a/c 10000
8 Mr. Avinash a/c __________________________ Dr F5 10000
To cash a/c 9500
To Discount a/c 500
9 Mr. shekar a/c __________________________ Dr F7 15000
To sales a/c 15000
10 Bank a/c __________________________ Dr F5 500
To intrest a/c 500
11 Cash a/c __________________________ Dr F6 14500
Discount a/c _______________________ Dr 500
To Mr. shekar a/c 15000
12 cash a/c __________________________ Dr F6 450
To old newspaper a/c 450
13 cash a/c __________________________ Dr F6 4000
To old furniture a/c 4000
Step4: Display
P&L a/c : GOT  display  P&L a/c  Alt+F1

48
Q.27Record the following transactions in the books of “M/s Albert & Brothers” and display Trial
Balance, Profit and Loss Account and Balance Sheet.
1. Albert starts business with Rs. 50,000.
2. He opens a SBI saving bank account and deposits Rs. 20,000.
3. Bought furniture for Rs. 5,000, machinery for Rs. 10,000.
4. Purchased goods for Rs. 14,000.
5. Sold goods for Rs.8, 000.
6. Purchased goods from Malhotra& Company for Rs. 11,000.
7. Paid telephone rent for the year by Cheque Rs. 500
8. Bought one typewriter for Rs. 2,100 from ‘Universal Typewriter Co’. on credit.

Step1: Creation of a company in the name of Mr. Ram

Path: GOT press Alt+f3 to activate company info  company Creation screen appears  enter the
relevant information.
Stept2: Creation of ledger
Path: GOT  Accounts Info  Ledger Multiple Ledger  create Multiple ledger screen appears 
enter the details
S. No Ledger Under group Amount Dr/Cr
1 Capital Capital a/c
2 SBI Bank Bank a/c
3 Furniture Fixed assets
4 Machinery Fixed assets
5 Purchases Purchases a/c
6 Sales Sales a/c
7 Malhotra & co. S. creditors
8 Telephone rent Indirect expenses
9 Bank Bank a/c
10 Typewriter Fixed assets
11 Universal typewriter S. creditors
Stept3: Creation of accounting vouchers
Path: GOT  Accounting vouchers
S. No particularss Vch No LF Debit Credit
1 Cash a/c __________________________ Dr F6 50000
To capital a/c 50000
2 SBI Bank a/c _______________________ Dr F4 20000
To cash a/c 20000
3 furniture a/c _______________________ Dr F5 5000
To cash a/c 5000
4 Machinery a/c _______________________ Dr F5 10000
To cash a/c 10000
5 Purchases a/c _______________________ Dr F5 14000
To cash a/c 14000
6 Cash a/c __________________________ Dr F6 8000
To sales a/c 80
7 Purchases a/c _______________________ Dr F7 11000
To Malhotra co. a/c 11000

49
8 Telephone rent a/c __________________ Dr F5 500
To bank a/c 500
9 Typewriter a/c ______________________ Dr F7 2100
To universal typewriter co. a/c 2100
Step4: Display financial statement
Trial balance: GOT  Display  Trial balance  Alt+F1
P&L a/c : GOT  display  P&L a/c  Alt+F1
Balance sheet: GOT  Balance sheet  Alt+F1

50
51
Q. 29. Create 3 stock items named milk, roti and mobile. Opening balances of these 3 stock
items would be milk – 10 liters, roti – 20 pieces and mobile – 5 numbers.

Step1: Creation of a company

Path: : GOT press Alt+f3 to activate company info  company Creation screen appears  enter the
relevant information by selecting ‘Accounts with inventory’
Step2: activation of godown
Path: GOT Inventory Info  press F11 feature key to bring up the company feature sub-menu 
press F2 to select inventory feature  set the option ‘maintain stock godown?’ under storage &
classification to ‘yes’  lastly accept click ‘yes’ to save the screen
Step3: create units of measure
Path: GOTInventory Info  units of measure  create
Enter the following information:
s. No Units Symbol
1 Liters Lt
2 Pieces Pcs
3 numbers N
Step4: create stock items
Path: GOTInventory Info  stock items  multiple stock items  create
S. No. Stock items Under group Units of measure Rate Price
1 Milk primary 10 Lt 50 500
2 Rice Primary 20 Pcs 10 200
3 Mobile primary 5 N 1000 5000
Step5: Generate Reports
Path: GOT  Display  Inventory Books  Group Summary

52
53
Q. 30. Create 5 sundry debtor outside your state and 5 sundry debtor inside your state.
Similarly, create 5 sundry creditor outside your state and 5 sundry creditor inside your state.

Step1: Creation of a company

Path: GOT press Alt+f3 to activate company info  company Creation screen appears  enter the
relevant information. Select state ‘ Telangana’
Stept2: Creation of ledger
Path: GOT  Accounts Info  Ledger Multiple Ledger  create Multiple ledger screen appears 
enter the details
S. No Ledger Under group Amount Dr/Cr
1 Ram S. Debtors
2 Shyam S. Debtors
3 Rahim S. Debtors
4 Sudheer S. Debtors
5 Rahul S. Debtors
6 Ajay S. Creditors
7 Vijay S. Creditors
8 Manju S. Creditors
9 Reenu S. Creditors
10 rakesh S. Creditors
Step3: press Alt+F1 & close the company

Step4: Creation of a company

Path: GOT press Alt+f3 to activate company info  company Creation screen appears  enter the
relevant information. Select state ‘ Andhra pradesh’
Step5: Creation of ledger
Path: GOT  Accounts Info  Ledger Multiple Ledger  create Multiple ledger screen appears 
enter the details
S. No Ledger Under group Amount Dr/Cr
1 Ram S. creditors
2 Shyam S. creditors
3 Rahim S. creditors
4 Sudheer S. creditors
5 Rahul S. creditors
6 Ajay S. debtors
7 Vijay S. debtors
8 Manju S. debtors
9 Reenu S. debtors
10 Rakesh S. debtors

54
55
Q. 31 Pass following Entries and display Day Book:-
1. Business started with cash 8,000 and plant & machinery 3,000.
2 - Stock purchase for sale (cash purchase)= 3,000, credit purchase = 5,000
3 - Wages paid 120,000(including 20,000 of future year).
4 - Salary paid 200,000 but due 110,000.
5 - Sale made for cash 600,000 & on credit 800,000.
6 - Depreciation 10 percent on plant & machinery.
7 - Goods costing 20,000 destroyed by fire.
8 - Payment made to creditor of 200,000 at 10 percent discount.

Step1: Creation of a company

Path: GOT press Alt+f3 to activate company info  company Creation screen appears  enter the
relevant information. Select state ‘ Telangana’
Stept2: Creation of ledger
Path: GOT  Accounts Info  Ledger Multiple Ledger  create Multiple ledger screen appears 
enter the details
S. No Ledger Under group amount Dr/Cr
1 Capital Capital a/c
2 Plant & machinery Fixed assets
3 Purchases Purchases a/c
4 Creditors S. creditors
5 Wages Direct expenses
6 Salaries Indirect expenses
7 O/s Salaries Indirect expenses
8 Sales Sales a/c
9 Debtors S. Debtors
10 Depreciation Indirect expenses
11 P&L a/c P&l a/c
12 Trading Trading a/c
13 Discount Indirect income
Stept3: Creation of accounting vouchers
Path: GOT  Accounting vouchers
S. No Particularss Vch No LF Debit Credit
1 Cash a/c ____________________________ Dr F6 8000
To capital a/c 8000
2 Plant & Machinery a/c __________________ Dr F5 3000
To cash a/c 3000
3 Purchases a/c ________________________ Dr F5 3000
To cash a/c 3000
4 Purchases a/c ________________________ Dr F7 5000
To creditor a/c 5000
5 Wages a/c __________________________ Dr F5 100000
Prepaid wages a/c _____________________ Dr 20000
To cash a/c 120000
6 Salaries a/c __________________________ Dr F5 200000
To cash a/c 200000
7 Salaries a/c ________________________ Dr F7 110000

56
 To o/s salaries 110000
8 Cash a/c ____________________________ Dr F6 600000
To sales a/c 600000
9 Debtors a/c _________________________ Dr F7 800000
To sales a/c 800000
10 Depreciation a/c _____________________ Dr F7 300
To plant & machinery a/c 300
11 P&L a/c ( goods destroyed by fire ) _________ Dr F7 20000
To trading alc 20000
12 Creditors a/c ________________________ Dr F5 180000
Discount a/c ________________________ Dr 20000
To cash a/c 200000
Step4: Display day book
Path: GOT  Display  Day book  Alt+F1

57
33.) Mr. Nirmal has the following transactions in the month of April. Write Journal Entries for the
transactions.

10th April : Commenced business with a capital of 1,00,000

11th April : Purchased goods from Veeru for 20,000

13th April : Purchased Goods for Cash 15,000

14th April : Purchased Goods from Abhiram for cash 9,000

16th April : Bought Goods from Shyam on credit 12,000

17th April : Sold goods worth 15,000 to Tarun

19th April : Sold goods for cash 20,000

20th April : Sold goods to Utsav for cash 6,000

21st April : Sold goods to Pranav on credit 17,000
22nd April : Returned goods to Veeru 3,000
23rd April : Goods returned from Tarun 1,000
25th April : Goods taken by the proprietor for personal use 1,000

STEP1: Creation of a company

Path: GOTpress alt+f3 to activate company info create company company Creation screen appears
enter the relevant information
Step2:Creation of ledger
Path :GOTalts infoledgermultiple ledgercreate
[Link] Ledger name Under group Amount Dr/cr
1 Capital Capital a/c
2 Purchases Purchases
3 Veeru [Link]
4 Shyam [Link]
5 Tarun [Link]
6 Sales Sales a/c
7 Pranav [Link]
8 Purchases return Purchases
9 Sales return Sales return
10 drawing capital
11 bank Bank a/c

Step3: Creation of accounting voucher

Path: GOTaccounting vouchers

58
Date Particulars Voucher l.f Debit Credit
No.
April10 Cash a/c-----dr F6 100000
To capitala/c 100000
April11 Purchases a/c------dr F7 20000
To veeru a/c 20000
April13 Purchases a/c-------dr F5 15000
To cash a/c 15000
April14 Purchases a/c-------dr F5 90000
To cash a/c 9000
April16 Purchases a/c ------dr F7 12000
To shayam a/c 12000
April 17 Tarun a/c---------dr F7 15000
To sales a/c 15000
April 19 Cash a/c-------dr F6 20000
To sales a/c 20000
April 20 Cash a/c--------dr F6 6000
To sales a/c 6000
April21 Pranav a/c---------dr F7 17000
To sales a/c 17000
April 22 Veeru a/c--------dr F9 3000
To purchases return 3000
April23 Sales returna/c---------dr F8 1000
To tarun a/c 1000
April25 Drawings a/c ------------ dr F5 1000
To purchase a/c 1000

Step 4: display daybook

Path: GOT  display  daybook  Alt+F1

59
60
Q. 34 Journalize the following transactions in the books of Rama & Sons
3rd May : Cash deposited into bank 60,000
4th May : Loan given to Bhuvan 20,000
4th May : Paid cash to Veeru 20,000
5th May : Paid to Veeru by cheque 15,000
5th May : Cash received from Tarun 12,000
5th May : Took loan from Anush 15,000
6th May : Cheque received from Pranav 15,000
6th May : Paid to Intel Computers by cheque 17,000
6th May : Withdrew from bank 5,000
7th May : Withdrew from bank for office use 8,000
7th May : Cash received from Bhuvan on loan account 10,000
8th May : Withdrew from bank for personal use 1,000

STEP1: Creation of a company

Path: GOTpress alt+f3 to activate company info create company company Creation screen appears
enter the relevant information
Step2:Creation of ledger
Path: GOTalts infoledgermultiple ledgercreate
[Link] Ledger name Under group Amount Dr/cr
1 Bank Bank a/c
2 Bhuvan S creditors
3 Loan Loans & adv (lia)
4 Veeru s. creditors
5 Tarun s. debtors
6 Anush s. debtors
7 Pranav s. debtors
8 Intel computed s. creditor
9 Drawing Capital a/c
10 loans Loans & adv (ass)

Step3: Creation of accounting voucher

Path: GOTaccounting vouchers
[Link] particularss Vch No LF Debit Credit
1 Bank a/c __________________________ Dr F4 60000
To cash a/c 60000
2 Loan to bhuvan a/c __________________________ Dr F5 20000
To loan a/c 20000
3 veeru a/c __________________________ Dr F5 20000
To cash a/c 20000

61
4 veeru a/c __________________________ Dr F5 15000 15000
To bank a/c
5 cash a/c __________________________ Dr F6 12000
To tarun a/c 12000
6 cash a/c __________________________ Dr F6 15000
To anush loan a/c 15000
7 Bank a/c __________________________ Dr F6 15000
To pranav a/c 15000
8 Intel computers a/c __________________________ Dr F5 17000
To bank a/c 17000
9 Cash a/c __________________________ Dr F4 8000
To bank a/c 8000
10 Drawings a/c __________________________ Dr F5 5000
To bank a/c 5000
11 cash a/c __________________________ Dr F6 10000
To Bhuvan a/c 10000
12 Drawings a/c _______________________ Dr F5 1000
To bank a/c 1000
Step 4: display daybook
Path: GOT  display  daybook  Alt+F1

62
Q. 35 Write journal entries in the books of Chikky&Bros and post them into relevant ledger
accounts.
10th June : Paid wages 12,000
11th June : paid rent by cheque 10,000
13th June : Paid salary to Mr. Charan 12,000
14th June : Purchased stationery from Kagaz& Co. and paid by cheque 5,000
15th June : Received interest 14,000
17th June : Received commission by cheque 6,000
18th June : Rent received from Mr. Mody 8,000
19th June : Interest received from [Link] by cheque 10,000
20th June : Carriage paid on purchase of goods 3,000
22nd June : Carriage paid on sale of goods 2,000

STEP1: Creation of a company

Path:GOTpress alt+f3 to activate company info create company company Creation screen appears
enter the relevant information
Step2:Creation of ledger
Path:GOTalts infoledgermultiple ledgercreate
[Link] Ledger name Under group Amount Dr/cr
1 Wages Direct expenses
2 Rent Indirect expenses
3 Salaries Indirect expenses
4 Bank Bank a/c
5 Interest Indirect income
6 Commission Indirect income
7 Carriage outwards Indirect expenses
8 stationary Indirect expenses
9 rent Indirect income
10 Carriage inward Direct expenses

Step3: Creation of accounting voucher

Path:GOTaccounting vouchers
Date Particularss Vch No. l.f Debit Credit
June10 Wages a/c ------dr F5 12000
To cash a/c 12000
June11 Rent a/c ---------dr F5 10000
To bank a/c 10000
June13 Salaries a/c ---------dr F5 12000
To cash a/c 12000
June14 Stationary a/c ----dr F5 5000
To bank a/c 5000
June15 Cash a/c --------dr F6 14000
To interest a/c 14000
June17 Bank a/c -----dr F6 6000
To commission a/c 6000
June18 Cash a/c ---dr F6 8000
To rent a/c 8000

63
June19 bank a/c ------dr F6 10000
To interest a/c 10000
June20 Carriage inwards a/c -------dr F5 3000
To cash a/c 3000
June22 Carriage outwards a/c--------dr F5 2000
To cash a/c 2000
Step 4: display daybook
Path: GOT  display  daybook  Alt+F1

64
36} Assuming on your own figures prepare cash book for the following cash transactions.
a). Ramu brought in cash towards capital Rs. 25,000.
b). Deposited into the bank Rs. 20,000.
c). Purchased goods Rs. 3,000.
d). Sale of goods worth Rs. 11,000.
e). Paid to Hrithick (Supplier) Rs.7,000.
f). Received from (Mohan), Customer Rs. 6,000

STEP1: Creation of a company

Path:GOTpress alt+f3 to activate company info create company company Creation screen appears
enter the relevant information
Step2:Creation of ledger
Path:GOTalts infoledgermultiple ledgercreate
[Link] Ledger name Under group Amount
1 Capital Capital a/c
2 Bank Bank a/c
3 Purchases Purchases a/c
4 Sales Sales a/c
5 Hrithik s. creditors
6 Mohan s. debtors
Step3: Creation of accounting voucher
Path:GOTaccounting vouchers

[Link] Particulars Vch No. l.f Debit Credit

1 Cash a/c -------dr F6 25000
To capital a/c 25000
2 Bank a/c ----------dr F4 20000
To cash a/c 20000
3 Purchases a/c --------dr F5 3000
To cash a/c 3000
4 Cash a/c -------dr F6 11000
To sales a/c 11000
5 Hrithick a/c ---------dr F5 7000
To cash a/c 7000
6 Cash a/c-------dr F6 6000
To mohan a/c 6000
Step 4: display cash book
Path: GOT  display  account book  cash book  Alt+F1

65
66
 37. Prepare cash book with bank column for the following bank transcations
in Andhra Bank and ascertain bank balances.
a). Balance at bank Rs. 2,00,000.
b). Paid to Ramesh Rs. 10,000 by cheque.
c). Paid to Mahesh Rs. 25,000 by cheque.
d). Received a cheque from Rani Rs. 38,000.
e). Received from SaritaRs. 50,000 by cheque.
STEP1: Creation of a company
Path:GOTpress alt+f3 to activate company info create company company Creation screen appears
enter the relevant information
Step2:Creation of ledger
Path:GOTalts infoledgermultiple ledgercreate

[Link] Ledger Under group Amount

1 Bank Bank a/c `
2 Ramesh S creditors
3 Mahesh s. creditors
4 Rani s. debtors
5 Sarita s. debtors

Step3: Creation of accounting voucher

Path:GOTaccounting vouchers

[Link] Particularss Voucher No. l.f Debit credit

1 Bank a/c -----dr F4 200000
To cash a/c 200000
2 Ramesh a/c ---dr F5 10000
To bank a/c 10000
3 Mahesh a/c -----dr F5 25000
To bank a/c 25000
4 Bank a/c ----dr F6 38000
To rani a/c 38000
5 Bank a/c ------dr F6 50000
To sarita a/c 50000
Step 4: display cash book
Path: GOT  display  account book  cash book  Alt+F1

67
68
38. Prepare a Trial Balance with the information given below:
Furniture 10,000
Machinery 50,000.
Building 1,00,000.
Capital 1,50,000.
Cash 5,000.
Trade Debtors 80,000
Bills Payable 30,000.
Trade Creditors 65,000.
STEP1: Creation of a company
Path:GOTpress alt+f3 to activate company info create company company Creation screen appears
enter the relevant information
Step2:Creation of ledger
Path:GOTalts infoledgermultiple ledgercreate
[Link] Ledger name Under group Amount Dr/cr
1 Furniture Fixed asset 10000 Dr
2 Machinery Fixed asset 50000 Dr
3 Building Fixed asset 100000 Dr
4 Capital Capital 150000 Cr
5 Trade debtors s. debtors 80000 Dr
6 Bills payable Current liabilities 30000 Cr
7 Trade creditors Sundry creditor 65000 Cr

Step3:alter cash: GOTledgermultiple ledger-altercash:5000

Step 4: display
Trial balance: GOTdisplay trial balancealt+f1

69
70
39. Prepare Trading, Profit and Loss Account and a Balance Sheet from the
following:
Opening Balance Amount (Rs)
Capital 4,00,000
Furniture 1,00,000
Cash 30,000.
Building 2.00,000.
Machinery 70,000.
Transactios:
Purchased Goods 20,000.
Sales 40,000.
Paid Rent 1,000.
Paid Salaries 3,000.
Received Interest 2,000.
STEP1: Creation of a company
Path:GOTpress alt+f3 to activate company info create company company Creation screen appears
enter the relevant information
Step2:Creation of ledger
Path:GOTalts infoledgermultiple ledgercreate
[Link] Ledger name Under group Amount Dr/cr
1 Capital Capital a/c 400000 Cr
2 Furniture Fixed assets 100000 Dr
3 Building Fixed assets 200000 Dr
4 Machinery Fixed assets 70000 Dr
5 Purchases Purchases a/c
6 Sales Sales a/c
7 rent Direct expenses
8 Salaries Indirect expenses
9 interest Indirect income
Step3:alter cash:GOTledgermultiple ledger-altercash:30000
Step4:Creation of accounting voucher
Path:GOTaccounting vouchers
[Link] Particulars Voucher No. l.f Debit Credit
1 Purchases a/c -------dr F5 20000
To cash 20000
2 Cash a/c-------dr F6 40000
To sales a/c 40000
3 Rent a/c --------dr F5 1000
To cash a/c 1000
4 Salaries a/c --------dr F5 3000
To cash a/c 3000

71
5 cash a/c ----dr F5 2000
2000
To interest a/c
Step 5: display
Trial balance: GOTdisplaytrial balance alt+f1
P&l a/c:GOT dsiplay  p&l a/c  alt+f1
Balance sheet: GOTbalance sheetalt+f1

72
40. Enter the following transactions by creating relevant accounts and groups.
73
Transactions:
Purchased goods from Ram Rs. 10,000.
Purchased goods from RohanRs, 5,000
Purchased goods from Rajni Rs.20,000.
Sold goods to Lucky Rs 25,000.
Sold goods to RaveenaRs. 30,000.
Sold goods to Kamala Rs. 20,000.
STEP1: Creation of a company
Path: GOTpress alt+f3 to activate company info create company company Creation screen appears
enter the relevant information
Step2:Creation of ledger
Path: GOTalts infoledgermultiple ledgercreate
[Link] Ledger name Under ground Amount
1 Purchases Purchases a/c
2 Sales Sales a/c
3 Ram [Link]
4 Rohan [Link]
5 Rajini S. creditor
6 Lucky [Link]
7 Raveena Sundry debtors
8 Kamala Sundry debtors
Step3: Creation of accounting voucher
Path: GOTaccounting vouchers
[Link] Particulars Voucher No. l.f Debit Credit
1 Purchases a/c -----dr F7 10000
To ram a/c 10000
2 Purchases a/c-----dr F7 5000
To rohan a/c 5000
3 Purchases a/c -----dr F7 20000
To rajini a/c 20000
4 lucky a/c ----dr F7 25000
to sales a/c 25000
5 Raveena a/c -------dr F7 30000
To sales a/c 30000
6 Kamala a/c----dr F7 20000
To sales a/c 20000
Step 4: display daybook
Path: GOT  display  daybook  Alt+F1

74
75
41.) Compute net profit from the following data?

Capital Introduced 4,00,000.

Cash Purchases 50,000

Cash Sales 1,00,000

Rent Paid 5,000

Salaries Paid 10,000

Interest Received 2,000.

Legal Expenses Paid 1,000.

General Expenses 400.

Step1: Creation of a company

Path: GOT press Alt+f3 to activate company info  company Creation screen appears  enter the
relevant information.
Stept2: Creation of ledger
Path: GOT  Accounts Info  Ledger Multiple Ledger  create Multiple ledger screen appears 
enter the details
S. No Ledger Under group Amount Dr/cr
1 Capital Capital a/c 400000 Cr
2 Purchases Purchases a/c 50000 Dr
3 Sales Sales a/c 100000 Dr
4 Rent Indirect expenses 5000 Dr
5 Salaries Indirect expenses 10000 Dr
6 Interest Indirect Income 2000 Dr
7 Legal expenses Indirect expenses 1000 Dr
8 General expenses Indirect expenses 400 Dr

Step4: Display
P&L a/c : GOT  display  P&L a/c  Alt+F1

76
42. Mr. Zaid started business with Cash Rs. 3,00,000.

77
a). Purchased 20 color TVs @ Rs. 10,000 each for cash.
b). Paid carriage on purchases Rs. 2,000.
c). Sold color TVs @ Rs. 12,000 each for cash.
d). Sold color TVs @ Rs,12,000 each to Sham.
e). Paid salaries Rs. 2,000 and Rent Rs. 1,000.
Prepare Profit and Loss Account and Balance Sheet.

Step1: Creation of a company in the name of Mr. zaid

Path: GOT press Alt+f3 to activate company info  company Creation screen appears  enter the
relevant information.
Stept2: Creation of ledger
Path: GOT  Accounts Info  Ledger Multiple Ledger  create Multiple ledger screen appears 
enter the details
S. No Ledger Under group Amount Dr/cr
1 Capital Capital a/c
2 Purchases Purchases a/c
3 Carriage outward Indirect expenses
4 Sales Sales a/c
5 Sham S. debtors
6 Salaries Indirect expenses
7 rent Indirect expenses
Stept3: Creation of accounting vouchers
Path: GOT  Accounting vouchers
S. No Particulars Vch No LF debit Credit
1 Cash a/c __________________________ Dr F6 300000
To capital a/c 300000
2 Purchases a/c _____________________ Dr F5 200000
To cash a/c 200000
3 Carriage outward a/c _____________________ Dr F5 2000
To cash a/c 2000
4 Cash a/c __________________________ Dr F6 12000
To sales a/c 12000
5 Sham a/c __________________________ Dr F7 12000
To sales a/c 12000
6 salaries a/c _____________________ Dr F5 2000
To cash a/c 2000
7 rent a/c _____________________ Dr F5 1000
To cash a/c 1000

Step4: Display financial statement

P&L a/c : GOT  display  P&L a/c  Alt+F1
Balance sheet: GOT  Balance sheet  Alt+F1

78
79
43. Prepare the following transactions and generate a purchase register.
Purchased goods from Gupta Rs. 10,000.
Purchased goods from Vijay Rs. 5,000.
Purchased goods from GopiRs. 2,000.
Purchased goods from Ram Rs. 5,000.
Purchased goods from Ahmed Rs. 20,000.
Purchased furniture on credit from X Ltd., Company Rs. 12,000.
Step1: Creation of a company
Path: GOT press Alt+f3 to activate company info  company Creation screen appears  enter the
relevant information.
Stept2: Creation of ledger
Path: GOT  Accounts Info  Ledger Multiple Ledger  create Multiple ledger screen appears 
enter the details
S. No Ledger Under group Amount Dr/cr
1 Purchases Purchases a/c
2 Gupta S. Creditor
3 Vijay S. Creditor
4 Gopi S. Creditor
5 Ram S. Creditor
6 Ahmed S. Creditor
7 X Ltd co. S. Creditor
8 furniture Fixed assets
Stept3: Creation of accounting vouchers
Path: GOT  Accounting vouchers
S. No Particularss Vch No LF Debit Credit
1 Purchases a/c ____________________ Dr F7 10000
To Gupta a/c 10000
2 Purchases a/c ____________________ Dr F7 5000
To Vijay a/c 5000
3 Purchases a/c ____________________ Dr F7 2000
To Gopi a/c 2000
4 Purchases a/c ____________________ Dr F7 5000
To Ram a/c 5000
5 Purchases a/c ____________________ Dr F7 20000
To Ahmed a/c 20000
6 Furniture a/c ____________________ Dr F7 12000
To X Ltd co. a/c 12000
Step4: Display Purchase register & daybook
Daybook: GOT  display  daybook  Alt+F1
Purchase register: GOT  display  accounts book  purchase register  Alt+F1

80
81
44. Edit the following transactions.
a). Bought goods worth Rs. 5,550, alter it to 7,000.
b). Goods sold to Asif Rs. 5,000, alter it to 2,300.
c). Cash received from Raheem Rs. 1,000, alter it to Krishna.
d). Paid cash to Uday Rs. 1,000, alter it to bank.

Step1: Creation of a company

Path: GOT press Alt+f3 to activate company info  company Creation screen appears  enter the
relevant information.
Stept2: Creation of ledger
Path: GOT  Accounts Info  Ledger Multiple Ledger  create Multiple ledger screen appears 
enter the details
S. No Ledger Under group Amount Dr/cr
1 Purchase Purchase a/c
2 Sale Sales a/c
3 Raheem S. debtors
4 Krishna S debtors
5 Asif S. debtors
6 Uday S. creditors
Stept3: Creation of accounting vouchers
Path: GOT  Accounting vouchers
S. No Particularss Vch No LF Debit Credit
1 Purchases a/c _______________________ Dr F5 5550
To cash a/c 5550
2 Asif a/c ___________________________ Dr F7 5000
To sales a/c 5000
3 Cash a/c__________________________ Dr F6 1000
To Raheem a/c 1000
4 Uday a/c ________________________ Dr F5 1000
To cash a/c 1000
Stept4: Alteration of accounting vouchers
Path: GOT  Accounting vouchers  page up button
S. No Particularss Vch No LF Debit Credit
1 Purchases a/c _______________________ Dr F5 7000
To cash a/c 7000
2 Asif a/c ___________________________ Dr F7 2300
To sales a/c 2300
3 Cash a/c__________________________ Dr F6 1000
To Krishna a/c 1000
4 Uday a/c ________________________ Dr F5 1000
To bank a/c 1000
Step5: Display financial statement
Step4: Display
P&L a/c : GOT  display  P&L a/c  Alt+F1

82
83
45. Create a company with full details, enter the following transactions.
a). Priyanka started business, Rs. 3,00,000.
b). Opened an account with bank, Rs. 20,000.
c). Bought furniture by cheque, Rs. 3,000.
d). Paid office rent Rs. 500.
e). Cash purchases Rs. 15,000.
f). Cash sales Rs. 5,000.
Step1: Creation of a company in the name of Priyanka
Path: GOT press Alt+f3 to activate company info  company Creation screen appears  enter the
relevant information.
Stept2: Creation of ledger
Path: GOT  Accounts Info  Ledger Multiple Ledger  create Multiple ledger screen appears 
enter the details
S. No Ledger Under group Amount Dr/cr
1 Capital Capital a/c
2 Bank Bank a/c
3 Furniture Fixed assets
4 Office rent Indirect expenses
5 Purchases Purchases a/c
6 sales Sales a/c
Stept3: Creation of accounting vouchers
Path: GOT  Accounting vouchers
[Link] Particulars Vch No LF Debit Credit
1 Cash a/c______________________ Dr F6 300000
To capital a/c 300000
2 Bank a/c _____________________ Dr F4 20000
To cash a/c 20000
3 Furniture a/c ___________________ Dr F5 3000
To Bank a/c 3000
4 Office Rent a/c __________________ Dr F5 500
To cash a/c 500
5 Purchases a/c __________________ Dr F5 15000
To cash a/c 15000
6 Cash a/c __________________________ Dr F6 5000
To sales a/c 5000
Step4: Display
P&L a/c : GOT  display  P&L a/c  Alt+F1

84
85
46. Prepare a bank book with the following transactions.
a). Balance at SBI Rs. 1,50,000.
b). Paid to Mr. Owais Rs. 50,000 by cheque.
c). Paid Geeta Rs. 25,000 by cheque.
d). Cash withdrawn by cheque Rs. 20,000 for office use.
e). Deposited a cheque for Rs. 5,900 and cash Rs. 500.
Step1: Creation of a company
Path: GOT press Alt+f3 to activate company info  company Creation screen appears  enter the
relevant information.
Stept2: Creation of ledger
Path: GOT  Accounts Info  Ledger Multiple Ledger  create Multiple ledger screen appears 
enter the details
S. No Ledger Under group Amount Dr/cr
1 SBI Bank Bank a/c
2 Mr. Owais S. creditors
3 Bank Bank a/c
4 Geeta S. creditors
Stept3: Creation of accounting vouchers
Path: GOT  Accounting vouchers
S. No Particularss Vch No LF Debit Credit
1 SBI bank a/c _______________________ Dr F5 150000
To cash a/c 150000
2 Mr. owais a/c _____________________ Dr F5 50000
To bank a/c 50000
3 Geeta a/c ___________________________ Dr F5 25000
To Bank a/c 25000
4 Cash a/c __________________________ Dr F4 20000
To bank a/c 20000
5 Bank a/c _________________________ Dr F4 5900
To Cash a/c 5900
6 Bank a/c ________________________ Dr F4 500
To cash a/c 500
Step5: Display bank book
Path: GOT  display  display  accounts book  day book  Alt+F1

86
87
47. Show the trial balance for the information given below.

Name of the Account Debit Credit

Furniture 10,000 -

Machinery 50,000 -

Building 1,00,000 -

Capital -- 1,50,000

Bills Payable -- 15,000

Cash 5,000 --

Step1: Creation of a company

Path: GOT press Alt+f3 to activate company info  company Creation screen appears  enter the
relevant information.
Stept2: Creation of ledger
Path: GOT  Accounts Info  Ledger Multiple Ledger  create Multiple ledger screen appears 
enter the details
S. No Ledger Under group Amount Dr/cr
1 Furniture Fixed assets 10000 Dr
2 Machinery Fixed assets 50000 Dr
3 Building Fixed assets 100000 Dr
4 Capital Capital a/c 150000 Cr
5 Bills payable c. liabilities 15000 Cr
Step3: alter cash
Path: GOT  accounts Info ledger  multiple ledger Alter  cash (5000)
Step5: Display financial statement
Trial balance: GOT  Display  Trial balance  Alt+F1

88
89
48. Enter the following transactions and create a Balance Sheet.

Particulars Debit Credit

Cash in Hand 1,00,000 --

Bills Receivable 10,000 --

Sundry Debtors 40,000 --

Motor Car 20,000 --

Sundry Creditors -- 50,000

Bills Payable -- 5,00,000

Capital -- 1,00,000

Step1: Creation of a company

Path: GOT press Alt+f3 to activate company info  company Creation screen appears  enter the
relevant information.
Stept2: Creation of ledger
Path: GOT  Accounts Info  Ledger Multiple Ledger  create Multiple ledger screen appears 
enter the details
S. No Ledger Under group Amount Dr/cr
1 Bill receivable c. assets 10000 Dr
2 s. debtors s. debtors 40000 dr
3 Motor cars Fixed assets 20000 Dr
4 S .creditor s. creditors 50000 Cr
5 Bills payable c. liabilities 500000 Cr

90
6 Capital capital a/c 100000 Cr
Step3: alter cash
Path: GOT  accounts Info ledger  multiple ledger Alter  cash (100000)
Step4: Display
Trial balance: GOT  Display  Trial balance  Alt+F1

91
49. Compute Net Profit from the following data:
Capital Introduced 4,00,000.
Cash purchases 50,000.
Cash Sales 1,00,000
Rent paid 5,000
Received commission 2,000
Paid Legal expenses 1,000
Paid for printing 500

Paid general expenses 400.

Step1: Creation of a company
Path: GOT press Alt+f3 to activate company info  company Creation screen appears  enter the
relevant information.
Stept2: Creation of ledger
Path: GOT  Accounts Info  Ledger Multiple Ledger  create Multiple ledger screen appears 
enter the details
S. No Ledger Under group Amount Dr/cr
1 Capital Capital a/c 400000 Cr
2 Purchases Purchases a/c 50000 Dr
3 Sales Sales a/c 100000 Dr
4 Rent Indirect expenses 5000 Dr
5 Commission Indirect expenses 2000 Dr
6 Legal expenses Indirect expenses 1000 Dr
7 Printing Indirect expenses 500 Dr
8 General expenses Indirect expenses 400 dr
Step3: Display
P&L a/c: GOT  p&l a/c  Alt+F1

92
93
 50. Prepare a Balance Sheet for the following transactions in the Books of
Mr. Arif Khan.
a). Commenced Business with Cash Rs. 50,000.
b). Deposited in to the bank Rs. 40,000.
c). Purchased Machinery, payment made by cheque Rs.30,000.
d). Purchased goods for cash Rs. 5,000.
e). Sold goods for cash Rs. 8,000.
f). Paid salaries Rs. 2,000.
Step1: Creation of a company in the name of Mr. Arif Khan
Path: GOT press Alt+f3 to activate company info  company Creation screen appears  enter the
relevant information.
Stept2: Creation of ledger
Path: GOT  Accounts Info  Ledger Multiple Ledger  create Multiple ledger screen appears 
enter the details
S. No Ledger Under group Amount Dr/cr
1 Capital Capital a/c
2 Bank Bank a/c
3 Machinery Fixed assets
4 Purchases Purchases a/c
5 Sales Sales a/c
6 Salaries Indirect expenses
Stept3: Creation of accounting vouchers
Path: GOT  Accounting vouchers
[Link] Particulars Vch No. l.f Debit Credit
1 Cash a/c ---------------------dr F6 50000
To capital a/c 50000
2 Bank a/c----------------------dr F4 40000
To cash a/c 40000
3 Machinery a/c--------------------dr F5 30000
To bank a/c 30000
4 Purchases a/c-----------------------dr F5 5000
To cash a/c 5000
5 Cash a/c----------------dr F6 8000
To sales a/c 8000
6 Salaries a/c ------------dr F5 2000
To cash a/c 2000
Step4: Display
P&L a/c: GOT  p&l a/c Alt+F1

94
95