Lesson – 1

Create the following B/S and Transaction of DGP Co. Ltd.
Balance Sheet as on 31-03-2010
Liabilities
Capital A/C
P/L

Assets
1,85,000.00
55,000.00

S. Creditors
DGP Steel
Gupta & Co.
Bills Payables

Land & Building

45,000.00

Plant & Machinery 60,000.00
S. Debtors

15,000.00
10,000.00
5,000.00

KK Enterprises
MS Co. Ltd.

20,000.00
15,000.00

Bills Receivables
Cash in Hand
ICICI Bank

===========
2,70,000.00
===========

7,000.00
75,000.00

48,000.00
=============
2,70,000.00
=============

Transactions
1.4.2003

Salary paid Rs. 500

6.4.2003

Interest receipts Rs. 1500

10.4.2003

Purchase Goods Rs. 6800 form DGP Steel

15.5.2003

Electricity paid by cheque Rs. 300

25.5.2003

Sold Goods to KK Enterprises Rs. 15000

30.5.2003

Cash paid into ICICI Bank Rs. 4000

5.6.2003

Salary paid Rs. 2000

10.6.2003

Goods Sold by Cash 8000

8. Rs.00 Outstanding Rent 7.000.000. Ltd.00 S.3. Ltd.2002 25.2002 15. 7000 Commission Receipts Rs.000.35. Ltd. Rs.7.2002 20. MG & Co.2002 30.5. Creditors Land 40.00 Machinery 70.5.00 ============= 2.2003 Salary paid Rs. Rs. 1000 .000. 1000 Deprec. 1800 Goods return from India Co.000. 500 Sold goods to India Co.2002 Wages paid Rs.000.00 S.2002 30.4.2002 10.00 ============= Transactions 5.5.35. Debtors Saha & Co. Rs.4.DURGAPUR YOUTH COMPUTER TRAINING CENTRE Lesson – 2 Create the following B/S and Transaction of DURGAPUR STEEL Co.2002 5. 4000 Purchase goods from Excel Co. Excel Co. Rs. Land Machinery Rs. 5.000. 1500 Rs. 1500 Salary paid Rs.000. 3500 Purchase Goods from Saha & Co.75. 800 10.2002 10. 15000 Cash withdraw form IIDFC Bank 8000 Goods return to Saha & Co.00 5.000. 12500 Goods return to Excel Co.00 India Co.2002 15. Balance Sheet as on 31-03-2003 Liabilities Capital A/C P/L Assets 1. 800 Cash Deposited into bank Rs. Ltd.000.5.6.00 HDFC Bank 45.000.00 ============= ============= 2.2002 8.000. Ltd.9. Ltd.00 40.00 Cash in hand 65.8.00 8. Ltd.000. 9000 Goods sold by Cash Rs. 10.7.2002 20.7.2002 6.

4.000. MGM & Co.4.00 20. from Raj & Raj on Credit Rs. 200 25.2003 Cheque (SBI) paid Raj & Raj Rs.00 13. 3000 18. B – 50000 Mr.00 =========== 10.46. Rs.245.000.2003 Transfer money from UBI to SBI Rs.000. Raj & Raj 15. By cheque (UBI) 26.000.70.4.00 Outstanding Rent 4.4.2003 Cash receipts ABC co.2003 Discount allowed to MGM & Co.2003 Cheque receipts from MGM & Co.2003 Sold shirt 50 nos.00 5. Doz Rls. 4000 15.000.00 12. 2000 30. Balance Shirt Cloth Button Thread Nos.00 Machinery 70.4. 4800 20.4.50 120/------------- 100 50 40 50 Transactions 3. 2000 20.2003 Purchase cloth 30 Mts.2003 Sold shirt 60 Nos.00 =========== 2. Cash in hand SBI Bank UBI Bank Closing Stock =========== 2. Debtors Roy & Co.00 S.2003 Cash with draw from bank (UBI) Rs. Mts.4.00 58.00 P/L 1.4. Creditors S.000.00 31. by Cash . to ABC Co on credit 6000 12.00 45.245. 3000 5.000.000.000. 100/60/3/2.2003 Purchase Shirt 30 Nos.2003 Commission receipts Rs.00 ABC Co.4.000.00 =========== Stock item Item Unit Purchase Rate Sales Rate Op.000. C – 55000 Goodwill 65.000. A – 65000 Mr. 450 10.DURGAPUR YOUTH COMPUTER TRAINING CENTRE Lesson – 3 Create the following B/S and Transaction of Chopra International Balance Sheet as on 31-03-2003 Liabilities Assets Capital A/C Mr.000.4.46.4.

4000 in cheque Purchase Factory Rs.98 30. 1000 Manufacturing Expenses Rs. 8000 Cash paid to Bank Rs. 10000 Purchase Furniture Rs. 2000 Purchase in credit from Ram Rs.98 20.98 20.98 15.98 10. 9000 Purchase Machinery in Cash Rs.98 15. : 2 ……………………………………………………………………… Do the following Entries : For the Month of APRIL : 1. 5000 .98 25.5.4.5.4.98 25.5. 3000 Carriage Inward Rs.98 30-05-98 Carriage Outward Rs. 3000 Salary paid in Cash Rs.5.98 10.5. 7000 Sales on credit to Tom Rs.4.98 5. 2000 For the Month of MAY : 1. 5000 Salary paid in cash Rs. 3000 Machinery Repairs Rs. 900 Interest paid Rs.4.Lesson No.98 Wages paid in Cash Rs.98 5.4.5.4.4.

98 25. 700 Cash purchase Rs.000 1.98 10. 1200 Carriage Inward Rs. 700 Loan Received Rs. 1000 Depreciation on Machinery Rs. Create a Company by both Partners Financial Year Starting 01-04-2005 to 31-03-2006 Liabilities Amount Assets Amount Capital Profit & Loss A/c Loan 1.000 30.7. 30. 800 Rent paid in cash Rs.98 30.7.98 30.6. 40000 Wages paid Rs.6.30.For the Month of JUNE : 5.000 Bose Bros.98 30-07-98 Salary paid in cash Rs.35.000 Das Bros. 5000 Cash sales Rs.000 Creditors Debtors Digit Infocom [TR 1001 – 15/02/2003] 50.98 10.000 20.7. 2600 Electricity paid in Cheque Rs.6. 1000 Purchase Return to Ram 1100 For the Month of JULY : 5.6.000 [TD 1001 17/01/2003] RK Infocom [TR 2001 – 05/02/2003] 30.98 20.7.50.98 20.6.000 ============ 3. 4000 Sales Return Rs.000 70.000 Goodwill Furniture 30.98 15.000 ========== 60.000 [TD 2001 11/02/2003] Cash in hand Cash at SBI Closing stock ========== 3.98 30-06-98 Salary paid in cash Rs.000 ============ .000 40. 1500 DURGAPUR YOUTH COMPUTER TRAINING CENTRE Financial Accounting 1.30.98 15.7. 20000 Rates paid in Cash Rs. 15.6.7.98 25. 500 Commission Received Rs.

4.& Advertisement 200/28. 5000 7. 2.2003 Paid the Entertainment Expenses Rs. following with Bill No.000/700/2.2003 Purchase the following Goods with extra vat charges 8 Pic TV Set 10 Pic VCD 10 Pic Radio From Digit Infocom with Bill – TR 1002 15.4.2003Sales to Mrs.000/850/3. 230/- 3-4-2003 Credit Sales to the Das Bros.500/- ITEM DETAILS Item Unit Purchase Rate Sales Rate TV Set Radio VCD Pic Pic Pic 15. Dey in Cash (Extra Vat charges each item) 2 Pic VCD.4. 1.500/- 18.000/@ Rs. : TD 1002 4 Pic TV Set (Extra Vat charges 4%) 5 Pic VCD (Extra Vat charges 4%) 5 Pic Radio (Extra Vat charges 4%) 5.4.Closing Stock Details Shown Here TV Set Radio VCD - 5 Pic 50 Pic 10 Pic @ Rs.000/- DURGAPUR YOUTH COMPUTER TRAINING CENTRE Financial Accounting VAT LESSON – 2 Do the following :  1.4. 2 Pic Radio and 2 Pic TV Set .50.2003 Interest Received Rs. 700/@ Rs.2003Paid for Office Expenses 500/.

97 10.2003Purchase 10 Pic VCD from RK infocom Bill : TR2002 with Extra Vat charges 25.97 10.97 9.3.04.2003Payment made to Digit Infocom against Dues Bill No. 12 Pic Radio.97 LIABILITY Capital P/l a/c Loan ASSETS 2.3. 2 Pic Radio and 2 Pic TV Set With Bill Das Bros.50.000 Harry (Sd 3) 15.000 Sham (Sc 2) 10.and Entertainment 20/30-03-2004 Payment made in cheque of SBI Rs.000 Dick (Sd 2) 10.000 S/Creditors : S/Debtors : Ram (Sc 1) 5.000 Goodwill Factory Plant Furniture 50.3.000 1.00.000 Jadu (Sc 3) 15.25000 ======== Workings : Cost Centre : Company Have 2 Cost Center 50.1 Create a new company IN YOUR NAME with the financial period ranging from 1-4-97 to 31-3-98 and create the budget heads along with their opening balances Balance sheet as on 01.2.000 53.9.97 9. – TR 1001 in fullment and ret adjustment in Bill TR 1002 Rs. TD 1003 & Bose Bros TD 2002 19-06-2003 Sales 5 Pic TV Set.38.000/Full Payment of Bill : TD1001 & TD1003 & ret will adjusted TD 1002 17.000/17.3.3.for Loan LESSON FOR TALLY LESSON .05-05-2003 Credit Sales to Das Bros and Bose Bros respectively The following items 10 Pic Radio. 1.97 8.000/.000 20.000 ============ 3.6.000 ======== 3.000 Tom (Sd 1) 5.7.97 8. 1. 5 Pic VCD in cheque of SBI With extra Vat charges 28.000 20. 50.000 40.25000 ============ .000 20.00.2003Payment made by Das Bros his against dues Rs.2004Expenses for Travelling Rs.000 Outstanding Rent Bank Cash 5.3. 50/.

5.97 1. Mr.B. I) Total Salary a/c Under : Expenses Indirect II) Calcutta Branch Under : Total Salary III) Delhi Branch Under : Total Salary Ledger Should be Created in this way 1. Mr. Office 1000 Bill No.97 1. 10000 Purchase a New Furniture in Cheque 9000 Purchase a New Machinery 8000 Salary paid to Mr. Mr.5. A.5.4.4. D Rs. Company have four Staff viz.4.97 30. Mr.97 5. SC5] Salary paid to Mr. A a/c Group : Calcutta Branch 3.97 25. 1000 . C a/c Group : Delhi Branch 2.6. B a/c Group : Calcutta Branch 4.97 10. : SD4] Machinery Repairs 3000 [Factory] Carriage Inward 2000 [Factory 1000 & Office 1000] Carriage Outward 3000 [Factory 2000 & Office 1000] Purchase a New Factory Rs. A 1000 Manufacturing Expenses 2000 [Factory] Purchase in Credit from Ram 7000 [Factory Bill No.4.7. D a/c Group : Delhi Branch Do the following Entries : 1.a) Name : Factory Type : Primary b) Name : Office Type : Primary Group Creation : Company have one Branch in Delhi and another at Calcutta.97 20. In these Branches and payment made in this way.4.5.97 15.4.97 Wages paid 2000 [Factory Staff 1000 & Office 1000] Salary paid to Mr.4.97 30.97 10.97 15. A Rs.97 20. 800 Purchase in credit from Shyam 6000 [Factory 5000.5. : SC4] Sales in credit to Tom 11000 [Factory Bill No.C & D.97 10.

3000 [SD3 Rs.9.8. 1000] Credit sale to Harry Rs.9.97 30.97 6. 4000 [SD2 Rs. SD6 Rs. SD5 Rs.97 27. 6000 Bill No.8. 1500] Purchase Return to Mr. 1500] and [SC3 Rs. 900 Sales Return from Tom Rs. SD5 Credit Purchase from Jadu 6000 [Factory] Bill No. Office – 1000] Bill No. 1000] and [SD1 Rs.97 25.8. 700 Sales in Credit to Dick 7000 [Factory – 6000.1500. D Rs.97 10.8. 3000 iii) Plant Rs. 1500.97 20.97 15.9. 500. SC4 Rs.9. SD4 Rs.Lesson No. SC4 Rs. 1500 [SD1 Rs. 2000] Harry paid to Jadu Rs. 1500 [SC1 Rs.8.97 8. 2000 Bill will be adjusted against the [SC1 Rs. 2000.9. : 3 (Bill by Bill) ……………………………………………………………………… Do the following Entries : 3.97 25-09-97 Electricity paid in Cheque [Factory – 500. C Rs. SC6 Salary Paid to Mr.97 18. 2000] and [SC2 Rs. 1000] Salary paid toMr. Ram Rs.9. Office – 200] Rs. SD4 Rs. 4000 .97 5. SC5 Rs. 1000. 3000 Tom paid to Ram Rs. 700] Depreciation : -- ………………… i) Furniture Rs. 800. SD6 Dick paid to Shyam Rs. 1000. 2000 ii) Factory Rs. SC6 Rs. 2000.

Dick Rs. Shyam Rs.10.10. 500) Rent paid Rs.97 10. 1500 (against Bill no. 1000 (against Bill No.97 1. SD2) Paid to Mr.97 28.10. 3000 (Previous year) See the following Reports Trial Balance Bill Wise Reports Working Report .9. 1000 on account Paid to Mr. SC2 Rs. Ram Rs. 1000 (against Bill No.97 12-10-97 14-10-97 20. SC1 Rs. 500 and SC5 Rs. 500) Cheque dishonored by Bank Rs.11. 1000 Cheque received from Mr.26. 1000 (Which was received from Mr. Shyam Rs. 1000(against Bill No.10.97 Paid to Mr. 500 and SC4 Rs. SC2 Rs. Jadu on his account Rs. Dick on 28-09-97 on account) Paid to Mr. Dick Rs. 2000 [Factory 1500 & Office 500] Paid outstanding Rent Rs.9.97 2.97 1. 500) Cheque received from Mr. 500 and SC5 Rs.

Sign up to vote on this title
UsefulNot useful