Tally Prime

LAB ASSIGNMENTS
With GST

Bagalkot Road, Vijayapur, Ph.: 08352-222 221

Email:[email protected]
 1-SkyTouch Ltd. Trail Balance as at 1-4-2020
PARTICULARS GROUP DEBIT CREDIT
Furniture Fixed Assets 20,000
Building Fixed Assets 1,55,000
Capital Capital A/C 2,00,000
Purchase Purchase A/C 25,000
Sales Sales A/C 34,000
Purchase Return Purchase A/C 1,000
Sales Return Sales A/c 2,000
Excel Ltd. Supplier Sundry Creditors 4,000
Sanjay Ltd. Customer Sundry Debtors 5,000
Machinery Fixed Assets 10,000
Bank Of India Bank A/C 2,000
Loan from Janata Bank Loans Liability 25,000
Bills Receivable Current Assets 15,000
Bills Payable Current Liability 10,000
Salary Paid Indirect Expense 4,000
Wages Paid Direct Expense 2,000
Received Indirect Income 3,000
Electricity Charges Paid Indirect Expense 1,000
Cash Cash in Hand 36,000
Total 2,77,000 2,77,000

2-NewHeights Ltd/ Trail Balance As at 1-4-2020

PARTICULARS GROUP DEBIT CREDIT
Stock Stock in Hand 16,000
Capital Capital A/C 45,000
Salaries Paid Indirect Exp. 13,000
Drawings Capital A/C 4,000
Carriage Inward Direct Exp. 500
Carriage Outward Indirect Exp. 1,000
Sales Return Sales A/C 1,000
Purchase Return Purchase Return 700
Loan From LTD Loans Liability 7,000
Loan to Z Ltd. Loans and Adv. Assets
Rent Indirect Exp. 1,300
Rent Payable Current Liability 200
Purchase Purchase A/C 40,000
Sales Sales A/C 73,100
Debtors Sundry Debtors 25,000
Creditors Sundry Creditors 8,000
Bad Debts Sundry Debtors 800
Discount Received Indirect Income 1,500
Discount Paid Indirect Exp. 600
Furniture Fixed assets 11,700
Wages Direct Exp. 500
Insurance Premium Paid Current Assets 1,200
State Bank of India Bank A/C 8,000
Rent from Subtenant Indirect Income 800
Cash Cash In Hand 700

Total 1,36,300 1,36,300

MicroSys Pvt.Ltd. Trail Balance As At 1-4-2017

PARTICULARS DEBIT CREDIT
Stock 60,000
Purchase 5,50,000
Purchase return 12,000
Sales 5,70,000
Sales return 8,000
Power Bill Paid 3,500
Wages 17,500
Freight 2,500
Carriage Inward 1,000
Water Bill Paid 1,200
Salaries Paid 26,000
Printing and Stationary 1,350
Telephone Bill Paid 800
Advertisements Bill 1,400
Entertainment Exp 600
Commission Paid 850
Commission Received 2,500
Discount Received 3,000
Bad Debts 1,100
Office rent 4,600
Carriage Outward 350
Rent from Sub Tenant 1,500
Received interest on investment 1,200
Capital 5,00,000
Drawings 5,000
Secured Loan 70,000
Debentures 60,000
Creditors 28,000
Debtors 55,000
Bills Payable 15,000
Bills Receivable 34,450
Bank Over draft 27,700
Building 1,50,000
Plant and Machinery 1,20,000
Patents and Trade Marks 20,000
Furniture 15,000
Goodwill 20,700
Investment 80,000
Cash 35,000
ICICI bank account 55,000
Short term Investment 20,000
Total 12,90,900 12,90,900
 ASSIGNMENT 01

Muskan & Bross. Company provided you following information and asks you to
prepare final Accounts Balance on 01-04-2021

Capital Account 30,000 Purchase Return 15,00

Drawing 5,000 Provision for Bad Debtors 700
Cash at Bank 3,500 Cash 2,000
Stock 6,800 Creditors 20,000
Debtors 20,000 Loan on Mortgage 9,500
Interest on Loan 300 Bad Debtors 5,000
Purchase 66,000 Motor Vehicle 10,000
Sales 74,300 Sales Return 8,000
Land & Building 12,000 Salaries 9,000
Carriage Outward 2,500 Duties & Taxes paid 3,000
Carriage Inward 3,000 Advertisement 3,500
Discount Received 5,000 General Expense 3,400
Bills Payable 12,000 Bills Receivable 6,000
Rent Received 3,000 Commission Received 7,000

OTHER INFORMATION
1. Depreciate Motor Vehicle @ 20%
2. Received Interest on Investment Rs. 50,000/-
3. Rent Paid 5,000/-
4. Advance Insurance paid Rs. 2,000/-
5. Bill Received from Bad debts of Rs.2,000/-
6. Stock Closing Rs. 20,000/-
7. Power bill paid of Rs. 2,000/-
8. Appreciate Land Building @ 15%

Opening Balance : 166000-00

 ASSIGNMENT 2

Following are the Balances of Galaxy Ltd. provided you by asking to display the final
Accounts Balances as on 1-4-2020

Capital Account 1, 00, 000 Rent Paid 8,000

Bank Loan 50,000 Wages Paid 2,000
Sundry Creditors Salary Paid 3,000
B Ltd. 30,000 Debentures 50,000
C Ltd. 26,000 Bills Payable 10,000
Sundry Debtors Bills Receivable 4,000
R Ltd. 35,500 Stock 44,000
S Ltd. 28,500 Bank Account 11,000
Machinery 75,000 Furniture 45,000
Cash 10,000

PURCHASE FOR THE YEAR SALES DURING THE YEAR

B Ltd. 12,100 S Ltd. 6,000
B Ltd. 14,000 S Ltd. 2,500
B Ltd. 5,800 S Ltd. 7,000
C Ltd. 9,000 S Ltd. 12,000
C Ltd. 10,000 R Ltd. 10,000
C Ltd. 2,000 R Ltd. 12,500
R Ltd. 10,000

OTHER INFORMATION
1. Commission Received Rs. 25,000/- on 7-6-2020
2. Discount Received Rs. 3000/- on 8-6-2020
3. Cash Deposited into Bank Rs. 5,000/- on 10-9-2020
4. New Bank A/c. open with Vijay Bank and deposited Rs. 20,000/-
5. Depreciate on all fixed asset by 5%
6. Payment received from S Ltd Rs. 10,000/-
7. Closing Stock valued at Rs. 45,000/-

Opening Balance : 2,66,000-00

 ASSIGNMENT 3

Madras & Co. Provides you the following balance and asking to display the final
accounts Balance as on 01-04-2012

Capital Account 1,20,000 Fix Deposit 15,000

Bank Loan 40,000 Stock 20,000
Loan from B Ltd 15,000 Bank Account 19,500
Sundry Creditors Cash in Hand 18, 500
Sumo & Co. 20,000 Furniture 25,000
Ravi & Co. 18,000 Vehicle 20,000
Bony & Co. 17,000 Machinery 40,000
Sundry Debtors
AB Ltd. 23,000
XY Ltd. 25,000
CD Ltd. 24,000

PURCHASE FOR THE YEAR SALES DURING THE YEAR

Sumo & Co. 3,000 AB Ltd. 3,500
Ravi & Co. 4,000 XY Ltd. 4,000
Bony & Co. 5,100 CD Ltd. 5,400
Ravi & Co. 3,800 AB Ltd. 4,200

CASH RESEIVED FROM DEBTORS PAYMENT TO CREDITORS

AB Ltd. 5,500 Sumo & Co. 5,000
XY Ltd. 6,000 Ravi & Co. 8,500
CD Ltd. 6,500 Bony & Co. 5,500
AB Ltd. 5,000
AB Ltd. 20,200
CD Ltd. 22,900
XY Ltd. 23,000

OTHER INFORMATION
1. Wages paid Rs. 15,000/- on 5-12-2009
2. Cash deposited into Bank Rs. 7,500/-
3. Commission received by cheque of Rs. 28,400/-
4. Depreciate on Machinery by 8% and furniture by 6% and Vehicle by 5%

Opening Balance : 230000-00

 ASSIGNMENT 4

Rashi & Co. gives you the following balance which you are required to prepare final
Accounts Balance as on 01-04-2014

Capital Account 69000 Stock 15000

Loans from Ramesh 5000 Land & Building
50000
Reserves & Surplus 15000 Bank Lon 50000
Sundry Creditors Machinery 30000
A Ltd. 9000 Cash in Hand 26000
B Ltd. 10000 Bank OD A/c 15000
C Ltd. 12000 Vijay Bank 21000
Sundry Debtors Canara Bank 5000
X Ltd. 11000
Y Ltd. 12000
Z Ltd. 15000

PURCHASE FOR THE YEAR SALES DURING THE YEAR

B Ltd. 4000 X Ltd. 3500
A Ltd. 3800 Z Ltd. 4800
C Ltd. 4800 Y Ltd. 3000
Z Ltd. 5000

CASH RECEIVED PAYMENT TO CREDITORS

X Ltd. 4000 B Ltd. 5000
Y Ltd. 4000 A Ltd. 4000
Z Ltd. 10000 C Ltd. 5000

OTHER INFORMATION
1. Cash withdrawn from Vijay Bank Rs. 15000/-
2. Salary for the current period Rs. 10000/- due but not paid
3. Wages paid Rs. 5000/- on 31-3-20010
4. Rent paid Rs. 8000/-
5. Commission received Rs. 30000/-
6. Depreciate on Machinery by 5%
7. Closing stock valued at Rs. 15000/-

Opening Balance : 185000-00

 ASSIGNMENT 5
Ramkrishna & Co. provided you following information and ask you to prepare final
Accounts Balance on 01-04-2015

Capital Account 41000 Furniture 20000

Secured Loan 10000 Machinery 20000
Bank Loan 28000 Cash in Hand 8000
Sundry Creditors Sundry Debtors
AB Ltd. 8000 XY Ltd. 9000
BC Ltd. 10000 YZ Ltd. 10000
CD Ltd. 9000 SR Ltd. 11000
Stock 16000 Cast at Bank 12000

PURCHASE FOR THE YEAR SALES DURING THE YEAR

Party Bill Amount Party Bill Amount
AB Ltd. 03 2550 XY Ltd. 01 2250
AB Ltd. 05 4050 XY Ltd. 02 3550
BC Ltd. 11 6200 YZ Ltd. 03 1800
BC Ltd. 14 5150 SR Ltd. 04 2950
BC Ltd. 19 3550 SR Ltd. 05 4200
CD Ltd. 08 2450 YZ Ltd. 06 3850
CD Ltd. 16 2900 YZ Ltd. 07 5350
AB Ltd. 24 7000 XY Ltd. 08 4250
AB Ltd. 27 3250 SR Ltd. 11 3900
BC Ltd. 38 4200 SR Ltd. 14 2250
CD Ltd. 21 1950 YZ Ltd. 17 6450
CD Ltd. 25 2350 XY Ltd. 20 2750
CD Ltd. 32 3650 XY Ltd. 21 3000
SR Ltd. 23 2850
SR Ltd. 25 2000
OTHER INFORMATION
1. Commission Received Rs. 50000/-
2. Salary paid by Cheque No. 254387 of Rs. 3500/-
3. Depreciate fixed assets at 5%
4. Wages Paid Rs. 9500/-
5. Bank Charges paid Rs. 4500/-
6. Closing Stock Rs. 19000/-

Opening Balance : 106000-00

 ASSIGNMENT 6

Ramesh & Co. provides you following information and ask you to prepare final
Account Balance on 01-04-2016

Capital Account 80000 Bills Receivable 18500

Reserve Funds 10000 Cash at Bank 5500
Bills Payable 15000 Cash in Hand 8000
Sundry Creditors Sundry Debtors
A Ltd. 24000 X Ltd. 20000
B Ltd. 19000 Y Ltd. 28000
C Ltd. 25000 Z Ltd. 26000
Machinery 30000 Stock 12000
Furniture 25000

PURCHASE DURING THE YEAR SALES FOR THE YEAR

Party Bill Amount Party Bill Amount
B Ltd. 13 2400 Z Ltd. 01 2500
A Ltd. 12 3900 Z Ltd. 02 3100
C Ltd. 19 4300 X Ltd. 03 4700
A Ltd. 17 3500 Y Ltd. 04 2300
A Ltd. 28 2700 X Ltd. 05 3200
B Ltd. 21 4200 Y Ltd. 06 2800
B Ltd. 32 2200 Y Ltd. 07 5200
C Ltd. 25 5400 Y Ltd. 08 4400
C Ltd. 30 3000 Z Ltd. 09 3500
Z Ltd. 10 3400

OTHER INFORMATION
1. Credit period allowed 30 days for both payments and receipts was made to
them after maturity date
2. Commission Received Rs. 10000/-
3. Depreciate Furniture by 8% and Machinery at 6%
4. Closing Stock valued at Rs. 14000 on 31-3-2010

Opening Balance : 173000-00

 ASSIGNMENT 7
Suman & Co. provided you following information according their transaction
during the year 1-4-2015 and asks you to prepare final Accounts

Capital Account 210000 Telephone rent Payable 20000

Loan & Advance to staff 30000 Cash at Bank 120000
Bank Loan 100000 Stock 40000
Cash in Hand 55000 Sundry Debtors
Sundry Creditors Maya Ltd. 4160
X Ltd. 8450 P Ltd. 5000
B Ltd. 12500 S Ltd. 10000
Furniture 25000 Outstanding Expenses 18210
Computer 80000

TRANSACTION DURING THE YEAR

B Ltd. 16500
X Ltd. 45000

GOODS SALE
Maya Ltd. 35000
P Ltd. 20000
S Ltd. 18000

Balance Received from Debtors as follows

Maya Ltd. 25000
P Ltd 12000
S Ltd. 10000

OTHER INFORMATION
1. Salary Paid 12000
2. Wages Paid 8000
3. Printing & Stationery 4500
4. Rent Paid 7000
5. Closing Stock 45000
6. Depreciate Furniture by 10% and Computer by 8%

Opening Balance : 369160-00

 ASSIGNMENT 8

Nisha & Co. provided you following information and asks you to prepare final
Account Balances on 01-04-2010

Capital Account 97000 Bank OD 15000

Bank Loan 35000 Cash at Bank 15000
Cash in Hand 10000 Stock 18000
Sundry Creditors Sundry Debtors
A Ltd. 28000 X Ltd. 31000
B Ltd. 30000 Y Ltd. 32000
C Ltd. 35000 Z Ltd. 34000
Machinery 40000
Building 60000

PURCHASES @ 5% GST SALES @ 5% GST

Party Bill No. Amount Party Bill No. Amount
A Ltd. 01 1850 X Ltd. 04 3000
A Ltd. 02 2500 X Ltd. 07 2900
A Ltd. 03 2800 Y Ltd. 11 4000
B Ltd. 04 3400 Y Ltd. 13 3800
B Ltd. 15 2700 Y Ltd. 14 3500
B Ltd. 28 4000 Y Ltd. 17 2500
B Ltd. 39 2300 Z Ltd. 15 3000
B Ltd. 57 3200 Z Ltd. 28 4300
B Ltd. 68 3900
C Ltd. 05 3100
C Ltd. 17 2700

OTHER INFORMATION
1. Credit period allow for both 30 days and all receipts and payments may duly
received and paid on maturity date
2. Commission Received Rs. 8000/-
3. Salary paid Rs. 3000/-
4. Closing stock Rs. 20000/-

Opening Balance : 240000-00

 ASSIGNMENT 9
TEXT LINE provides you the following information and ask you to prepare final
accounts. The Balances as on 1-4-2010. Tip: (Activate VAT under F-11 Features).

Capital Account Fixed Assest

Mr. Khan 30150 Furniture 25600
Mr. Sanjay 30150 Machinery 22950
Stock 17670
Unsecured Loan
Arun Sharma 30000 Sundry Debetors
Dharamsi 4430
Sundry Creditors Ruchi 3580
Ashima Tex 9500 Sushmita 5335
Fashion Tex 3350 Azam 2470

Bills Payable 4730 SBI Bank 15435

Canara Bank 1730 General Exp. 5400
Cash 3280

SALE BILLS (45 DAYS CREDIT FOR ALL BILLS)

Bill No. Party Gross sale Net Sale
1 Kiddie 67700 71085
2 Fashion King 35665 37448
3 Excel Ltd. 38775 40714
4 Nisha 45440 47712
5 Patel & bros 56435 59257
6 Jagirdar Trader 14400 1520
7 Roopum plaza 18750 19687
8 Kannan Sales 9750 10237
9 Parvat Comps 27440 28812
10 Sughandi Cosm. 34560 36288
11 kanna sales 23700 24885
12 Fashion King 34450 36172

URD(Unregister Dealer) PURCHASE at GST 5%

Supplier Bill No. Amount Credit Days
Fashion Tex 1306 52368 60
Tip top 2706 30300 45
Ashima Tex 3820 15140 30
Silky S304 38132 30
Tip Top 1206 48120 45
Fashion Tex 12896 11150 60
Top Silk Ts66 13730 Nil
Ashima Tex 47 8200 30
Tip Top 3406 23800 45
Top Slik Ts83 28300 Nil
Fashion Tex 13706 26600 60
Ashima Tex 53 21200 30
Silky S366 18400 45
Counter Folio of Money receipts Contains as Under
All Cheques Received were Deposited with SBI Bank
Received From Cheq No. Amount
Kiddie 01567 40000
Nisha 52414 25000
Excel Ltd 12458 15000
Fashion King 54874 25000
Patel & bros 54747 58692
Kiddie 52415 20000
Jagirdar trad 58485 14976
Sughndhi Cosm. 85787 15000
Kannan Sales 98585 10140
Parvat Comp 68585 20000
Sunghandhi Cosm 85790 15000
Kannan Sales 98596 10000
Sushmita 59321 5000

Payment Made by SBI Bnak Cheques

Cheq. No. Amount Issue in Favour
25236 20000 Fashion Tex
25238 20000 Tip Top
25240 15140 Ashima Tex
25685 5000 Silky
25686 32368 Fashion Tex
25690 10300 TipTop
25700 5000 Silky
25780 10000 Silky
25785 10000 Fashion Tex
25790 18132 Silky
Cash Payments / Expenses
1. Yearly Generator Exp. Paid Rs. 4800
2. Tea bill paid for the year Rs.1275 & Trans. Charges paid on Goods Rs. 2390
Payments Made by Cheque / Expenses (SBI BANK)
1. Salary account Rs.3550 and Yearly Courier Charges paid of Rs.3600
At the year end
1. Provide depreciation at 20% on furniture and at 15% on Machinery
2. Closing Stock Valued at Rs. 16445/-
3. Office Rent Paid Rs. 2000
 ASSIGNMENT 10
A.K. Trading Co. a proprietorship firm deals in stationary item. They provides you
the following balances and ask you to prepare final accounts as on 1-4-2009.

Capital A/c
Satosh’s Capital a/c 210000.00

SUNDRY DEBTORS SUNDRY CREDITORS

Maya Ltd. 8190.00 (details below) Gita Stationary Stores 7747.55(Details below)

Bills No. Amount Bills No. Amount

32524 4130.00 1234 1230.00
37354 1730.00 1235 1750.00
28565 650.00 1239 4767.55
30257 1680.00

Fixed Assets Loans & Advances

Furniture 25000.00 Asif Patel 25000.00
Computer 40000.00 Shivsundar 25000.00
Scooty(Vehicle) 20000.00

Stock in Hand 5000.00

Bills Payable 25000.00
Bills receivable 15000.00
Interest receivable 9000.00
General Exp. 1000.00
Bank of India 10000.00
Cash 60000.00

PURCHASE @ 12.5% GST

Gita Stationary Stores Apurba Distributors
Bill No. Amount Bill No. Amount
117 1230.00 417 2230.00
123 1000.00 430 2650.00
130 1650.00 437 7567.00
137 1650.00 452 5630.00
145 11567.40 461 910.00
147 10630.70 469 1530.00
152 110.00 471 10738.00
159 530.00 491 2139.00
161 1738.00
166 1239.00
SALES @ 12%(USE OUTPUT GST 12.5% ON ALL BILLS)
Maya Ltd. Debsons & Co.
Bill No. Amount Bill No. Amount
S/0001 1200.00 S/0006 12345.00
S/0002 4320.00 S/0007 867.00
S/0003 1234.00 S/0008 11234.00
S/0004 1674.00 S/0009 876.00
S/0005 456.00 S/00010 1234.00

PAYMENTS GIVEN
Gita Stationary Stores Apurba Distributors
Date . Amount Bill No. Amount
23-4-2009 1230.00 22-4-2009 2230.00
24-4-2009 1750.00 25-4-2009 2700.00
28-4-2009 4000.00 28-4-2009 2000.00
30-4-2009 267.00 30-4-2009 3000.00
02-5-2009 1230.00 01-5-2009 2567.00
04-5-2009 1000.00 07-5-2009 5630.00
15-5-2009 650.00 11-5-2009 910.00
18-5-2009 9567.00 15-5-2009 1530.00
20-5-2009 2000.00 18-5-2009 5738.00
28-5-2009 10630.00 19-5-2009 910.00
30-5-2009 500.00 28-5-2009 1530.00
15-6-2009 30.00 06-6-2009 5738.00
20-6-2009 5000.00
PAYMENT RECEIVED
Maya Ltd. Debsons & Co.
Date Amount Date Amount
11.4.2009 500.00 1.04.2009 12345.00
21.4.2009 1675.00 12.04.2009 867.00
12.4.2009 1200.00 15.04.2009 8000.00
22.4.2009 4000.00 20.04.2009 500.00
23.4.2009 320.00 25.04.2009 1000.00
24.5.2009 1234.00
28.5.2009 456.00

CASH SALES WITH OUTPUT GST 12%

Date Bill No. Amount
12.04.2009 Cs/0001 1207.00
12.06.2009 Cs/0002 434.00
11.07.2009 Cs/0003 657.00
12.09.2009 Cs/0004 872.00
11.03.2009 Cs/0005 310.00

EXPENSES
1. On 12.05.2009 Rs. 1230 in Cash for General Expense to staff
2. Received Interest on Investment Rs.60000
3. On 23.06.2009 Rs. 1780 in cash for Travelling expense
4. On 11.05.2009 Rs. 1140 to Calcutta telephone Charges by cheque no. 345011
5. On 24.04.2009 Rs. 500 paid advance to employee Suresh
6. On 12.09.2009 Rs. 250 to Calcutta Muncipal Corp. for tax by cheque No. 345018
7. On 12.06.2009 Freight charges paid to Ahmadabad Transport for paper purchase
Rs. 997.00 by cheque No. 345019

OTHER INFORMATION
1. Drawings by Cheque 750.00 Every months of laast date
2. Depreciation on computer by 15% and Furniture by 10%
3. Commission Received Rs. 65000.00 on 31.3.2010
 Inventory
ASSIGNMENT 1

Victory (Pvt) Ltd. provides you following details and asks you to prepare final
accounts Balance on 01-04-2010

Capital Account 24000 Purchase 8950

Bank Loan 200000 Carriage 300
Building 12000 Office Rent 2270
Furniture 2600 Sales 22500
Cash in Hand 20000 Sales Return 1900
Cash at Bank 7300 Purchase Return 870
Stock in Hand 8500 Trade Expense 1000
Salary 3000 Discount Rec. 19700

DETAILS OF OPENING STOCK

Sr. No. Name of the Item Qty Rate
01. T- Shirt 100 75
02. Sarees 125 450
03. Dress Material 50 500
04. Dresses 170 700

PURCHASED GOODS FROM SKYTOUCH LTD. ON CREDIT

Sr. No. Name of the Item Qty Rate
01. T- Shirt 100 75
02. Sarees 125 450
03. Dress Material 50 500
04. Dresses 170 700

SOLD GOODS TO GALAXY Ltd. ON CREDIT

Sr. No. Name of the Item Qty Rate
01. T- Shirt 100 125
02. Sarees 125 500
03. Dress Material 50 550
04. Dresses 170 750

OTHER INFORMATION
1. Received Rs. 120000 from Galaxy Ltd.
2. Paid to sky touch Ltd. Rs. 130000

Opening Balance : 267070-00

 Inventory
ASSIGNMENT 2
Vijay Traders Ltd. provides you following details and asks you to prepare final
accounts Balance on 01-04-2009
Capital Account 100000 Cash at Bank 25000
Bank Loan 50000 Discount Received 1200
Computers 45000 Furniture 40000
Cash 16610 Sundry Debtors
Sundry Creditors Ramesh Ltd. 35000
Sony & Co. 28000 Ravi Ltd. 38000
Soniya & Co. 32000

DETAILS OF OPENING STOCK

Sr. No. Product Name Qty Rate
01. ThumsUp Tin 80 15
02. Limca Tin 60 14
03. ThumsUp Btl 193 08
04. Coke Tin 90 15
05. Coke Btl 200 08
06. Coke 1.5 Ltr 48 35
07. Coke 1 Ltr 50 32
08. Pepsi Btl 102 08
09. Pepsi 1 Ltr 30 32

PURCHASED OF THE YEAR

Company Product Name Qty Rate
Sony & Co. Limca Tin 12 14
Pepsi Btl 24 08
Coke 1.5 Ltr 12 35
Pepsi 1 Ltr 20 32
Coke Btl 24 08
Soniya & Co. ThumsUp Btl 30 08
ThumsUp Tin 20 15
Coke Tin 15 15
Coke 1 Ltr 30 32

SALES DURING THE YEAR

Company Product Name Qty Rate
Ravi Ltd. Limca Tin 30 16
 ThumsUP Tin 50 17
ThumsUp Btl 120 09
Pepsi Btl 50 09

Ramesh Ltd. Pepsi 1 Ltr 25 35

Coke 1.5 Ltr 50 38
Coke Tin 45 17
Coke 1 Ltr 60 35

OTHER INFORMATION
1. Commission Received Rs. 5000/-
2. Depreciate on fixed assets by 5%

Opening Balance : 211200-00

 Inventory
ASSIGNMENT 3
Victory Computers. provides you following details and ask you to prepare final
accounts Balance on 01-04-2010
Capital Account 250000 Bank Loan 20000
Bills Payable 20000 Sundry Creditors
Machinery 80000 AB Ltd 20000
Furniture 70000 BC Ltd. 29000
Cash in Hand 20000 CD Ltd. 15000
Cash at Bank 80000 Sundry Debetors
Stock in Hand 264000 XY Ltd. 10000
Loan from Vijay Bank 50000 YZ Ltd. 14000
Bills Receivable 35000 ZW Ltd. 11000
Sanjay’s Capital A/C 100000 Rent Payable 80000
DETAILS OF OPENING STOCK
Company Name of the Item Qty Rate
Intel Processor Dual Core 02 6500
Core I 3 03 8900
Core 15 01 7600

Hard Disk (HD) Seagate 500 GB 01 4500

Seagate 1 TB 05 5200
Samsung 300 GB 10 3800
Samsung 500 GB 08 5000

Monitors LG 14” 05 4300

LG 17” 03 4200
Samtron 17” 07 3800
Samtel 17 03 4000
Others Keyboards 02 5250
Mouse (Logitech) 10 1000
Mouse (Intex) 15 1000
PURCHASE FOR THE YEAR @ GST 20%
Party Item Qty Rate
AB Ltd. Core I 3 10 nos 8900
Core I 5 08 nos 7600
Seagate 1 TB 10 nos 5200

BC Ltd. LG 17” 06 nos 4200

Samtel 17” 08 nos 4000
CD Ltd. Keyboard 15 nos 5250
Mouse (Logitech) 10 nos 1000
Mouse (Intex) 10 nos 1000
SALES DURING THE YEAR @ GST 20%
Party Item Qty Rate
XY Ltd LG 17” 05 nos 5000
Samsung 300 GB 03 nos 5500
Seagate 1 TB 07 nos 6000
Key Boards 08 nos 400
Seagate 500 GB 02 nos 4700
Samtel 17” 02 nos 4800
YZ Ltd Samtron 17” 05 nos 4300
LG 14” 03 nos 4800
Mouse (Logitech) 08 nos 250
Core 1.5 Ghz 03 nos 9500
Samsung 300 GB 03 nos 5500
DualCore 03 nos 8300
Core I 3 01 nos 7200
Key Boards 05 nos 400
ZW Ltd Samsung 300 GB 05 nos 4800
Seagate 500 GB 04 nos 4700
Mouse (Intex) 06 nos 230
Samtel 17” 02 nos 4800
Core I 3 01 nos 9500
Samtel 17” 01 nos 4300
Samsung 500 GB 01 nos 5800

PAYMENT RECEIVED FROM DEBTORS:

XY Ltd 100000 by Cash YZ Ltd 100000 by Cheque ZW Ltd 50000 by Cash
15000 by Cheque 25000 by Cash 50000 by Cheque
PAYMENT MADE TO CREDITORS:
AB Ltd 80000 by Cheque, BC Ltd 50000 by Cash; CD Ltd 20000 by Cash

OTHER INFORMATIONS:
1. Commission received Rs.15,000. And Discount received Rs.30,000 by Cash
2. Salary Paid by Cheque No.254387 of Rs.15,000 & Rent Paid Rs.8000
3. Commission Paid Rs.9000 by Cheque No.265378 and Wages Paid Rs.10,000
4. Bills Payable was paid Rs.10,000 & Bonus Paid by Cheque No. 36095 Rs.10,000
5. Bills Receivables are received Rs.20,000
6. Payment Made to Staff Rs.10,000
 Inventory
ASSIGNMENT 4

KGN Electronics Ltd. provides you following details and asks you to prepare final
accounts Balance on 01-04-2010

Capital Account 240000 Purchase 13000

Vijay’s Capital 200000 Carriage 500
Asif’s Capital 140000 Drawings 70000
Arun’s Capital 100000 Plant & Machinery 25000
Furniture 25000 Discount Rec. 50000
Cash in Hand 10000 Creditors 21000
Cash at Bank 10000 Commission Received 9000
Stock in Hand 5000 Bills Payable 12440
Salaries 5000 Insurance 500
Debtors 5000 Rent Paid 500

DETAILS OF OPENING STOCK

Group Name of the Item Qty Rate
Onida 22Inch 05 11000
Onida 18Inch 07 7000
LED BPL 22 Inch 08 7000
BPL 18 Inch 08 5500
Philips 22 Inch 10 10000
Philips 18 Inch 09 9500

Hard Disk 06 8000

Floppy (1.44MB) 120 15
Peripherals Keyboard 40 1250
Hard Disk-1 08 7300
Monitor 06 6200
Keyboard-1 18 1280

PURCHASES @ GST 15%

Company Name of the Item Qty Rate
Shree & Co. Keyboard-1 12 1280
Suman & Co. Monitor 06 6200
Vishal & Co. Hard Disk-1 05 7300
Suman & Co. Keyboard 10 1250
Vishal & Co. Floppy (1.44MB) 20 15
Shree Co. Hard Disk 04 8000

PURCHASED GOODS FROM ANWAR @ GST 20%

Sr. No. Name of the Item Qty Rate
01. Onida 22 Inch 10 11000
02. Onida 18 Inch 7 7000
03. BPL 22 Inch 35 7000
04. BPL 18 Inch 10 5500
05. Philips 22 Inch 25 9500
06. Philips 18 Inch 15 10000

SALES DURING THE YEAR @ GST 15%

Company Name of the Item Qty Rate
Rashi & Co. Monitor 08 6450
AB Ltd. Hard Disk-1 07 7500
Ravi Ltd. Keyboard-1 16 1350
Rashi Ltd. Hard Disk 05 8300
AB Ltd. Floppy (1.44MB) 70 18
Ravi Ltd. KeyBoard 30 1320

SALES GOODS TO MALIK @ GST 20%

Sr. No. Name of the Item Qty Rate
01. Onida 22 Inch 7 11500
02. Onida 18 Inch 9 7500
03. BPL 22 Inch 7 7500
04. BPL 18 Inch 9 6000
05. Philips 22 Inch 9 10000
06. Philips 18 Inch 15 10300

OTHER INFORMATION
1. Bills Received Rs. 250.
2. Bills Paid Rs. 1400.

Opening Balance : 772440-00

 Inventory
ASSIGNMENT 5
Amar Traders Ltd. provides you following detail and asks you to prepare final
accounts Balance on 01-04-2010

Capital Account 200000 Vijay Bank 12000

Loan from Arun 25000 Bills Payable 5000
Vijay Bank Loan 30000 Union Bank 13000
Furniture 35000 Cash 11560
Mustaq’s Capital 80000 Commission Received 5536
Sundry Creditors Sundry Debtors
Vishal & Co. 24500 Rashi Ltd. 34500
Shree & Co. 31500 Ravi Ltd. 35500
Suman & Co. 30000 AB Ltd. 36000

DETAILS OF OPENING STOCK

KIRANA ITEMS
Particulars / Items Quantity Rate per Kg
Wheat Lokwan (Superior Quality) 100kg 16
Rice (Masoori) Superior Quality 100kg 55
Rice (H.M.T.) Superior Quality 100kg 58
Toor Dal Medium (Superior Quality) 50kg 28
Moong Dal(Superior Quality) 50kg 30
Udad Dal (Superior Quality) 50kg 28
Rajma (Superior Quality) 100kg 25
Sabudana Superior Quality 100kg 16
Chana Dal (Superior Quality) 100kg 15
Sugar (Superior Quality) 100kg 28
Green Peace ( Hara Vatana) 100kg 12
Maida (Superior Quality) 100kg 22
Besan (Superior Quality) 100kg 24
Idali Rawa (Superior Quality) 100kg 16
Soyabin Oil (Rasoya) 50kg 55
Dalda (Vanaspati) 50kg 12
Poha (Jada) : Superior Quality 100kg 18
Sewaiya per 25kg 25
Jeera (Superior Quality) 10kg 240
Haldi Powder : Ramdeo 20kg 22
Dhania Powder : Suruchi 20kg 30
Lal Mirchi Powder: Ramdeo 100kg 140
Tea Powder : Red lable 50kg 310
Kaju (Tukda) Superior Quality 10kg 360
Kismis (Red) Superior Quality) 20kg 250
Green Ilayachi Superior Quality 10kg 480
Badi Ilayachi Superior Quality 10kg 220
Lavang Superior Quality 05kg 280
Kali Miraz Superior Quality 05kg 168
Rai (Mohari) (Small) Superior Quality 05kg 120
Charoli Superior Quality 05kg 180
Shahjeera Superior Quality 05kg 220

Particulars / Items Quantity Rate per Nos

Sunsilk 200ML 25 185
BATHING Treseme160ML 18 120
SHAMPOO Vatica 100ML 25 110
Garnier Natural100 ML 10 180
Clinc Puls 250ML 25 280
Centhol 50 22
Lifeboy 150 18
BATHING / Dove 50 180
WASHING SOAP Tide 100 18
Wheel (Small) 200 08
Rin (Small) 200 09
Vimbar(Small) 100 14
Hamam 70 18
Liril2000 40 20
Pears 50 170
Tide1kg 50 120
Tide 1/2kg 100 65
Nirma1Kg 200 80
WASHING Nirma 1/2Kg 250 45
POWDER Surf Excel 1Kg 50 130
Ghadee 1Kg 100 90
Arial Matic 1/2Kg 100 110
Shashi Powder1Kg 50 90
Henko1Kg 100 90
Vanish 1Kg 50 125
Pepsodent 100g 80 42
Colgate 200g 250 70
TOOTHPASTE Closup 100g 100 32
Dabur Red 100g 50 28
Binaca 100g 50 29
Himalaya Active 50g 28 22
PURCHASED FOR THE YEAR @ GST 5%
SHREE & CO.
Particulars Quantity Rate Particulars Quantity Rate
Colgate 200g 250 70 Pepsodent 100g 80 42
Dabur Red 100g 50 28 Closup 100g 100 32
Himalaya Active 50g 28 22 Binaca 100g 50 29

SUMAN & CO.

Particulars Quantity Rate Particulars Quantity Rate
Sunsilk 200ML 25 185 Vatica 100ML 25 110
Treseme160ML 18 120 Centhol 50 22
Garnier Natural100 ML 10 180 Lifeboy 150 18
Clinc Puls 250ML 25 280 Dove 50 180
Wheel (Small) 200 08 Tide 100 18
Vimbar(Small) 100 14 Rin (Small) 200 09
Hamam 70 18 Pears 50 170
Liril2000 40 20

VISHAL & CO.

Particulars Quantity Rate Particulars Quantity Rate
Tide1kg 50 120 Tide 1/2kg 100 65
Nirma1Kg 200 80 Nirma 1/2Kg 250 45
Surf Excel 1Kg 50 130 Henko1Kg 100 90
Ghadee 1Kg 100 90 Vanish 1Kg 50 125
Shashi Powder1Kg 50 90 Arial Matic 1/2Kg 100 110

SALES DURING THE YEAR @ GST 5%

RASHI & CO.
Particulars Quantity Rate Particulars Quantity Rate
Sunsilk 200ML 10 220 Vatica 100ML 10 120
Treseme160ML 05 180 Centhol 16 26
Garnier Natural100 ML 05 220 Lifeboy 21 20
Clinc Puls 250ML 12 295 Dove 05 190
Wheel (Small) 20 12 Tide 20 22
Vimbar(Small) 28 18 Rin (Small) 50 10
Hamam 19 21 Pears 10 180
Liril2000 07 23

AB LTD.
Particulars Quantity Rate Particulars Quantity Rate
Tide1kg 10 130 Tide 1/2kg 20 75
Nirma1Kg 18 90 Nirma 1/2Kg 55 55
Surf Excel 1Kg 20 140 Henko1Kg 20 99
Ghadee 1Kg 25 99 Vanish 1Kg 10 135
Shashi Powder1Kg 22 98 Arial Matic 1/2Kg 20 130
RAVI LTD.
Particulars Quantity Rate Particulars Quantity Rate
Colgate 200g 50 78 Pepsodent 100g 10 48
Dabur Red 100g 15 35 Closup 100g 20 38
Himalaya Active 50g 08 28 Binaca 100g 10 32

OTHER INFORMATION
1. Commission Received Rs. 28000/-
2. Salary Paid Rs. 7500/-
3. Rent Paid Rs. 6000/-
4. Wages paid R. 5000/-
5. Depreciate furniture by 6%
 Inventory
ASSIGNMENT – 06
Tilent Co Ltd. provides you following information and ask you to prepare final A/c.
as on1-4-2007

Kumar’s Capital 300000 Furniture 150000

Nilesh’s Capital 200000 Building 300000
General Reserve 80000 Machinery 160000
Investment Reserve 60000 DEBTORS
Secured Loan 100000 Gurukul Infotech 60000
Debenture 80000 Printo Park 17500
Salary Out Standing 30000 Zenith India 50000
Tax Payable 150000 Excell Ltd 37500
Wages Payable 215900 Veeshal IT Sol. 32000
Bank Loan 231650 Indian Informative 3000
Sharaja Infisoft 10000
ICICI Bank A/c 80000 Preliminary Exp 20000
Cash in Hand 75000 Stock 452550

DETAILS OF OPENING STOCK

Prticulars Quantity In Rate
1) SONY Nos
CD DRIVE 52X 25 1200
CD WRITER 40X 30 2500
FLOOPY DISk 1.44 100(box) 150
ZIP DRIVE 05 5000

2) MICROTEX Nos Rate

CABINET 20 500
MOUSE 50 70
KEY BOARD 30 120
COMP COVER 25 30

3) SAMSUNG Nos Rate

HARD DISK 20GB 20 2000
HARD DISK 40GB 17 3000
CD DRIVE 40X 22 1100
UPS 15 2800

4) LG Nos Rate
MONITOR 14” 10 2500
MONITOR 15” 10 3000
MONITOR 17” 10 4000
LGFLATRON 05 7500
PURCHASE FROM MICROSYS FOR THE YEAR (GST@ 18% ON BILLS)
DATE Group B.No PRODUCT QTY
02.04.2007 Microtek Industries 1 CABINET 25
10.04.2007 Sony India Ltd 2 CD DRIVE 52X 30
19.04.2007 LG Ltd 3 MONITOR 14” 35
01.05.2007 LG Ltd 4 MONITOR 15” 55
15.05.2007 Samsung Ltd 5 HARD DISK 20GB 35
01.06.2007 Samsung Ltd 6 HARD DISK 40GB 60
05.06.2007 Microtec Industries 7 CABINET 43
21.06.2007 Sony India Ltd 8 CD WRITER 40X 31
03.07.2007 Microtek Industries 9 MOUSE 43
17.07.2007 Samsung Ltd 10 CD DRIVE 52X 35
10.09.2007 LG Ltd 11 LG FLATRON 17
21.09.2007 Sony India Ltd. 13 ZIP DRIVE 30
10.02.2008 Sony India Ltd 8 CD WRITER 40X 31
09.03.2008 LG Ltd 3 MONITOR 14” 35
15.03.2008 Samsung Ltd 5 HARD DISK 20GB 35
18.03.2008 LG Ltd 11 LG FLATRON 17

SALES DURING THE YEAR @ GST 18%

DATE PARTY B.NO PRODUCT QTY RATE
05.04.07 Gurukul Infotech 1001 CABINET 17 700
20.04.07 Printo park 1002 CD DRIVE 52X 20 1900
07.05.07 Excell Ltd 1003 MONITER 15” 16 3900
19.05.07 Veeshal It Sol 1004 HARDDISK 20GB 11 2600
27.05.07 Indian Informative 1006 HARDDISK 40GB 11 3900
03.06.07 Sharja Infotech 1007 CABINET 13 3200
17.06.07 Gurukul Infotech 1008 CD WRITER 40X 12 1800
07.07.07 Gurukul infotech 1009 MOUSE 40 120
18.07.07 Printo Park 1010 CD DRIVE 52X 12 1900
03.08.07 Zenith India 1011 LG FLATRAN 05 8800
15.09.07 Excell Ltd 1012 ZP DRIVE 14 6800
23.11.07 Veeshal It sol 1013 KEY BOARD 25 240
05.03.08 Innovative 1017 ZIP DRIVE 03 6500
05.03.08 Gurukul Infotech 1018 CABINET 17 700
17.03.08 Gurukul Infotech 1019 CD WRITER 40X 12 1800
19.03.08 Veeshal It Sol 1021 HARDDISK 20GB 11 2600
30.03.08 Zenith India 1022 LG FLATRAN 05 8800
30.03.08 Veeshal It sol 1023 KEY BOARD 25 240

OTHER INFORMATION
1) Salary to sweeper Rs. 300 per month
2) Depreciate Machinery & Building @ 10%
3) Electricity Bill Paid for the year Rs. 13500 Through Cheque.
4) Commission Received Rs.230000 on 31.03.2008
5) Discount Received Rs.50000
 Inventory
ASSIGNMENT 07
MELCO TELEVISION CO (Manufacturing of Material)

Nelco Tele. Co provides you following information and ask you to prepare final
A/c.

BALANCES AS ON 1.4.2016
Vijay’s 200000 Sundry Creditors
Vinod’s Capital 200000 Axon Ltd 33000
Capital Reserve 50000 Vaxon Ltd 53000
Loan From Bank 70000 Pride TV Ltd 8000
Sales Tax Payable 13000 National Ltd 14000
Unsecured Loan 25000 Sundry Debtors
Machinery 55000 Bharat Electrical 33000
Furniture 45000 Ryobi Infosoft 13000
Vehicles 50000 Onida TV co. 14000
Advance Income Tax 60000 Atharmo Ltd 7500
Loans to Staff 75000
Loans to Party 65000 Preoperative Exp 17000
Bank 37000 Bills receivable 58428
Cash 75000 Stock 61072

GROUP ITEM QTY RATE

Colour – 14” CT-1141 2 5632
CT-1151 5 5632
B/W – 14” BT-1050 3 5412
BT-880 1 5412

PURCHASE DURING THE YEAR @ GST 18%

PARTY ITEM QTY RATE B.NO
Axon Ltd Sound Card 200 500 A1
Pride Ltd Speakers 150 100 P1
Vaxon Ltd Picture Tube 150 1200 V1
Vaxon Ltd Ariel 100 300 V2
National Ltd IC Chip 125 1000 N1
Natinal Ltd On/Off Button 130 20 N2
Vaxon Ltd Picture Tube 50 1200 V3
Zircon Ltd B/W.P Tube 100 1000 Z1
Axon Ltd Sound Card 80 500 A2
National Ltd VDU 200 1500 N3
Pride Ltd Channel Bat 100 150 P2
Pride Ltd Speakers 100 100 P3
Pride Ltd VDU 40 1500 P4
Vaxon Ltd TV Case 150 250 V4
National Ltd ON/OFF Button 125 20 N4
Zircon Ltd B/W.P Tube 100 1000 Z2
Vaxon Ltd Sound Card 120 500 A3
Vaxon Ltd IC Chip 100 1000 A4
National Ltd Channel Bar 125 150 N5

Assembled 28 TV SALES DURING THE YEAR @ GST 18%)

Bharat Electrical

ITEM NAME QTY RATE

Colour – 14” CT-1141 2 7863
CT-1151 4 9632
B/W – 14” BT-1050 3 6412
BT-880 1 5412
Colour – 22” CT-1143 2 12863
CT-1105 4 10632
CT-1852 4 11250
CT-1851 3 10500
B/W – 22” BT-1052 5 6600
BT-880 1 7000

Other Information
1. Wages paid Rs.5000
2. Payment made to Natinal Ltd 10000
3. Payment made to Vaxon Ltd Rs.5000
4. Payment made to Zircon Ltd Rs.5000
5. Payment made to Axon Ltd Rs. 5000
6. Payment made to Pride Ltd Rs. 5000