You are on page 1of 121

Computer Lab - Practical

ADVANCED ACCOUNTING
GROUP WISE DIVISION FOR PRACTICALS.
GROUP DIVISION: - It is made on the basis of last digit of your Hall ticket numb
er.
Hall ticket No. ENDING:- 1 & 6 - group 1
2 & 7 -group 2
3 & 8 -group 3
4 & 9 -group 4
5 & 0 -group 5
PROBLEMS FOR EACH GROUP:GROUP
1 GROUP 2 GROUP 3 GROUP 4 GROUP 5
1 4 1 5 1
2 5 3 9 3
3 7 8 10 8
6 17 9 13 13
8 20 11 15 14
10 21 12 17 16
16 22 14 20 18
18 25 16 21 19
19 26 19 27 22
24 27 24 31 23
25 31 26 34 24
28 34 28 35 28
32 35 30 42 43
44 42 47 44 46
50 43 50 48 50
http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
FACULTY OF COMMERCE, OSMANIA UNIVERSITY
B.Com (All Streams) II Year W.E.F.2009-10
Time: 60 Minutes Record : 10
Skill Test : 20
Total Marks : 30
Note: Problems are to be solved by using computers (Excel/Accounting package).
1. Venkat Ltd. Made an issue of 10,000 equity shares of Rs.100 each, payable Rs.
20 on
application, Rs.30 on allotment, Rs.30 on First call and Rs.20 on final Call. Al
l the shares
are subscribed and amounts duly received.
Pass journal entries to give effect to these. Also show the relevant items in th
e Balance
Sheet by using any Accounting Software.
2. Raju Ltd was floated with an authorized capital consisting of. Rs. 20,000 9%
preference
shares of Rs.100 each, payable Rs.25 per share on application, Rs.25 per share o
n
allotment and Rs.50 per share on first and final call and Rs.3,00,000 equity sha
res of
Rs.10 each, payable Rs.2 per share on application, Rs.3 per share on allotment a
nd Rs.5
per share first and final calls. All the money received.
Make the necessary entries in journal and the Balance sheet of the company by us
ing any
accounting software.
3. Rao & Company Ltd., issued 5000 equity share Rs.100 each at a premium of Rs.4
0 per
share, payable Rs.10 per share on application, Rs.60 per share on allotment (inc
luding
premium), Rs.30 on first call and balance on final call. The shares were all sub
scribed
and all money due was received expect the first call money on 1000 shares and fi
nal call
money on 1500 shares.
Give the Journal Entries to record the above transactions by using any accountin
g
software.
4. Varun Ltd. invited application for 1,00,000 shares of Rs.100 each at a discou
nt of 6%
payable as follows:
On application Rs.25, on allotment Rs.34 and on first and final call 35.
The applications received were for 90,000 shares and all of these were accepted.
All
money due was received except the first and final call on 1,000 shares.
Pass necessary entries in journal of the company also show how these transaction
s would
appear in Balance sheet of the company, by using any accounting software.
5.
Lavanya Ltd. Offered 1,00,000 equity shares of the nominal value 100 each for pu
blic

subscription at Rs.120. The amounts payable on the shares were on application Rs


.45, on
allotment (including premium) Rs.45, on first and final call Rs.30. The actual
subscription was only for 90,000 shares. All money payable by shareholders was r
eceived
except from Kirshna Rao, who had taken 1000 shares but failed to pay the final c
all. His
shares were forfeited and re-issued to Prashanth at Rs.60 each. Show journal ent
ries in
the books of the company, by using any accounting software.
http://www.miteshk.webs.com

The Ashoka Ltd. purchases assets Rs.3,80,000 and took


.30,000
at an agreed value of Rs.3,33,000. The company issued
in
full satisfaction of the purchase price.
The Ashoka Ltd. purchases assets Rs.3,80,000 and took
.30,000
at an agreed value of Rs.3,33,000. The company issued
in
full satisfaction of the purchase price.
Computer Lab - Practical
ADVANCED ACCOUNTING

over the liabilities of Rs


debentures at 10% discount
over the liabilities of Rs
debentures at 10% discount

6.
The Sudhakar Ltd. purchases assets of Rs.3,50,000 and took over the liabilities
of
Rs.30,000, it agreed to pay the purchase price, Rs.3,30,000 by issuing debenture
s of
Rs.100 each at a premium of 10%.
Give journal entries in the books of Sudhakar Ltd., by using accounting software
.
7.
On July 1, 1997 Motor Ltd., issued 10,000 6% Debentures of Rs.10 each at 95%,
repayable on June 30, 2007 at par. Rs.6 per debenture was payable on application
and the
balance on allotment. Interest was payable on the full nominal amount as from Se
ptember
1, 1997.
Applications were received for 15,000 debentures. All allotments were made
proportionately, over subscriptions being applied to the balance due on allotmen
t, which
took place on August 31, 1997. All sums due on allotment were received by Septem
ber
14, 1997.
Assuming that the discount is to be written off evenly over the whole period, yo
u are
required to draft journal entries to record (a) the issue of debentures, and (b)
The charges
to the Profit and Loss Account for the year ended June 30, 1998 by using an acco
unting
software.
8.
9.
Ramu Ltd., issued 10,000 Debentures of Rs.100 each for subscription. The debentu
re
moneys are payable as follows:
Rs.30 on application, Rs.40 on allotment, Rs.20 on first call and Rs.10 on secon
d call. A
person who holds 200 Debentures fails to pay the amount due at the time of allot
ment.
He, however, pays this amount with the first call money. Another person who is h
olding
400 Debentures, has paid all the calls in advance at the time of allotment.
Give Journal entries in the books of the company, by using any accounting softwa
re.
The Radha Ltd. purchases assets Rs.3,60,000 and took over the liabilities of Rs.
35,000. It
agreed to pay the purchase price, Rs.3,34,950 by issuing debentures of Rs.100 ea

ch at a
premium of 10% and Rs.65 by cash. The debentures of the same company are quoted
in
the market at Rs.130.
Give journal entries in the books of Radha Ltd., by using accounting software.
10.
Give journal entries in the books of Ashoka Ltd., by using accounting software.
11.
Journalize the following transactions at the time of issue and redemption of deb
entures:
in the books of Venkat Ltd., by using any accounting software.
a) A debenture issued at Rs.95, repayable at Rs.100
b) A debenture issued at Rs.95, repayable at Rs.105
c) A debenture issued at Rs.100, repayable at Rs.105
d) A debenture issued at Rs.105, repayable at Rs.100
Note: The Face value of each debenture is Rs.100
http://www.miteshk.webs.com

1) To apply the redemption money to subscribe for


a) 12 % Cumulative Preference Shares of 20 each at Rs.22.50 per share
the holders of Rs.1,71,00,000 stock
Computer Lab - Practical
ADVANCED ACCOUNTING
12.
Krishna Ltd. on 31st December, 1996 redeemed Rs.10,000 6% debentures out of capi
tal
by drawing a lot. Similarly, the company on 31st December, 1997 redeemed Rs.15,0
00
6% debentures out of profits by drawing a lot.
You are required to pass journal entries in the books of the company, by using a
ny
accounting software.
13.
On 1st January, 1997, a company issued Rs.20,00,000 14% Debentures at 5% discoun
t
repayable in five years at par. The company reserved the right to redeem to the
extent of
Rs.2,00,000 in any year by purchase in the open market. The interest was payable
half
yearly on 30th June and 31st Dec. and same was duly paid.
On 31st Dec., 1997 the company purchased Rs.2,00,000 debentures at a cost of
Rs.1,91,000.
Pass necessary journal entries in the books of the company up to 31st Dec., 1997
including closing entries on that date if the above redemption was out of profit
. Write
Terms of issue provided that beginning with 31st Mar, 1997 Rs.50,000 of debentur
es
should be redeemed either by drawings at par or by purchase in the market every
year.
The expenses of the issue amounted to Rs.3,000 which were written off on 31st Ma
rch,
1995. The company write off Rs.10,000 from the Discount on Debentures every year
. On
31st March, 1997 the debentures to be redeemed were repaid at the end of the yea
r by
drawings. On 31st March, 1998 the company purchased for cancellation 50 debentur
es at
the ruling price of Rs. 980, the expenses being Rs.1000. Interest is payable yea
rly. Ignore
income-tax.
Give Journal entries to record the above transaction, by using any accounting so
ftware.
On July 1, 1997, ATTA Ltd. give notice of its intention to redeem its outstandin
g Rs.
4,00,000 11% Debenture Stock on January 1, 1998 at 102 per cent and offered the
holders with the following option:
necessary entries by using any accounting software.
14.
On 1st April, 1994, Madhu Ltd. issued 1,000 6% debentures of Rs.1,000 each at Rs
.950.
15.
accepted by
b) 12% Debenture Stock of 96% accepted by the holders of Rs.1,44,00,000 stock.

2)
To have their holdings redeemed for cash if neither of the options under (1) was
accepted.
You are required show the journal entries necessary to record the redemption and
allotments under (1) and (2), by using any accounting software.
16.
On 1st April, 1993, Geeta Products Ltd. issued Debenture for Rs.1,00,000, redeem
able at
par at the end of the 5 years and its was resolved that a Sinking Fund should be
formed
and invested in tax-free securities.
http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
Give Journal Entries for 5 years, by using any accounting software, assuming tha
t the
interest received on the investment was at the rate of 5 percent on cost, that t
he interest
was received yearly and immediately invested and that the investments were reali
zed at a
loss of Rs.300 at the end of five years.
Reference to the Sinking Funds Table shows that Rs.0.180975 invested at the end
of the
year, at 5% compound interest will produce Rs.1 at the end of 5 years.
17.
The following is the Balance Sheet on 31st March 1992 of Mr. A.
He decided to admit a partner and it is arranged that the partner shall join on
the above
Balance Sheet subject to the following modifications:
i) 5% reserve for bad debts is to be provided on Debtors, ii) Stock to be taken
at
Rs.4,500, iii) Furniture is to be taken at Rs.500, iv) Premises to be taken at R
s.7,000, v)
Cash and investments not to be taken over by the partnership.
Make the Journal entries and prepare the balance sheet giving effect to the modi
fications
by using any accounting software.
The Balance sheet of MN is given as follows:
Liabilities
Rs. Assets Rs.
Creditors
A s Capital
3,000
13,500
Cash
Debtors
Stock
Furniture
Premises
Investments
500
4,000
5,000
750
6,000
250
16,500 16,500
Particulars Rs. Particulars Rs.
M Capital a/c
N Capital a/c
Bank Loan
Sundry Creditors
30,000
20,000
10,000
20,000
Cash
Debtors

Furniture
Machinery
10,000
20,000
10,000
40,000
80,000 80,000
18.
Machinery realized only 50% of the book value. There are bad debts to the extent
of
Rs.5,000.
Pass the Journal entries and prepare realization and capital accounts of M and N
, by using
any accounting software.
The partners want to dissolve the firm.
19.
A & B shared in proportions of 3 and 2 with capitals of Rs.20,000 and Rs.15,000
respectively. They agree to admit C into partnership as from 1st January, 1992 o
n the
following terms for a third share in future profits:
a) That C should bring in Rs.20,000
http://www.miteshk.webs.com

investment worth Rs.400 (not mentioned in the Balance Sheet) were


to
account d) C brings Rs.1,000 for capital and Rs.1000 for goodwill
d B
withdrew in their proportion.
investment worth Rs.400 (not mentioned in the Balance Sheet) were
to
account d) C brings Rs.1,000 for capital and Rs.1000 for goodwill
d B
withdrew in their proportion.
Computer Lab - Practical
ADVANCED ACCOUNTING

to be taken in
which sum A an
to be taken in
which sum A an

b) That as C is unable to bring this share of goodwill in cash, the goodwill of


the firm be
valued at Rs.15,000 and a goodwill account be raised and written off in the firm s
books.
Set out the journal entries required, the capital accounts of the partners and t
he goodwill
account, by using any accounting software. State the future profit sharing propo
rtion of
the partners.
20. A and B are partners sharing profits in the ratio of 3 : 2. C is admitted an
d the new profit
sharing ratio is 2 : 2 : 1. C brings in cash Rs.8,000 for capital and Rs.2,000 f
or goodwill.
Rs.
Good will 2,500
Assets 17,500
. .
20,000
The balance sheet of A and B is as follows:
Rs.
Capitals: A 8,000
B 8,000
Reserve Fund 4,000
20,000
Give journal entries and prepare balance sheet of the new firm, by using any acc
ounting
A and B are equal partners in a firm. They decided to admit C as a new partner a
nd Readjust the Balance Sheet values for this purpose. The Balance Sheet of A and B o
n 31stDec., 1989 was as under:
Rs. Rs.
Creditors 1,000 Cash 600
Bills Payable 1,000 Debtors 1,500
Reserve Fund 400 Stock 1,400
A s Capital 1,500 Furniture 400
B s Capital 1,000 Machinery 1,000
4,900 4,900The following adjustments were to be made before C s admission:

(a) Rs.300 were to be provided for doubtful debts, (b) furniture was valued Rs.2
50, c)
software.
.
21.
Give i) Journal Entries, ii) Revaluation Account, and iii) Balance Sheet of the
new Firm,
by using any accounting software.
22. A & B are Partners in a firm sharing profits and losses as 5 : 3. The positi
on of the firm as
on 31st March, 1992 was as follows:
Rs. Rs.
Capital Accounts: Plant and Machinery 40,000
A 30,000 Stock 30,000
B 20,000 50,000 Sundry Debtors 20,000
Sundry Creditors 15,000 Bills receivable 10,000
Bank Overdraft 42,500 Cash at Bank 7,500
4,900 4,900
http://www.miteshk.webs.com

Liabilities and Capital


Sundry Creditors
Bills payable
Outstanding Expenses
Pratap s Capital
Liabilities and Capital
Sundry Creditors
Bills payable
Outstanding Expenses
Pratap s Capital
Computer Lab - Practical
ADVANCED ACCOUNTING
C now joins them on condition that he will share th of the future profits, the ba
lance of
profits being shared by A and B as 5 : 3. He introduces Rs. 40,000 by way of cap
ital and
further Rs. 4,000 by way of premium for goodwill. He also provides loans to the
firm to
pay off bank overdraft. A and B to depreciate Plant by 10% and to raise a premiu
m for
Doubtful Debts against sundry debtors @5%.
You are asked to journalize the entries in the books of the firm and show the re
sultant
Balance sheet by using Accounting Software.
23. The following is the balance sheet of A and B as at 31Rs. Rs.
off, by using accounting software.
Pratap had the following balance sheet as on 1st July:
1,000
500
1,00,000
20,000 Cash at Bank 10,000
Sundry Assets 20,000
25,000
20,000 .
65,000 65,000The Partners shared profits and losses in the ratio of 3 : 2. On th
e above date C was
admitted as a Partner on the condition that he would pay Rs.20,000 as capital. G
oodwill
was to be valued at 3 year s purchase of the average of four year s profits which we
re:
9,000 1988 Rs. 12,000
Rs. 14,000 1989 Rs. 13,000
Give journal entries, ledger accounts and Balance Sheets if goodwill is raised a
nd written
st December, 1989.
Creditors
Capital:
A
B
1986 Rs.
1987

The new profit sharing ratio is 7 : 5 : 4.


24.
Rs.
Assets and Property Rs.
2,500
Cash in hand 400
Cash at bank 13,600
Sundry Debtors 29,000
Stock in Trade 17,000
Investments 11,000
Furniture 1,000
Motor Lorry 9,500
Plant and Machinery 13,400
. Land and Buildings 9,100
1,04,000
1,04,000
Pratap decided to admit Shiva as his working partner and the following terms wer
e
agreed upon between them:
a) Shiva would bring Rs.10,000 as his Capital, and pay Rs.8,000 as premium for o
nefifth share in the business.
b)
The assets should be revalued as follows:
Stock less 10 percent investments at Rs.10,000, furniture, motor lorry, plant an
d
machinery less 5% and Land and
Buildings at Rs.15,000.
c) A provision for doubtful debts to be created at 5% of sundry debtors.
http://www.miteshk.webs.com

Sundry Creditors
following revolutions are made:
Sundry Creditors
following revolutions are made:
Computer Lab - Practical
ADVANCED ACCOUNTING
Assuming that the above agreement was duly carried out, show the necessary journ
al
entries to record the above adjustment and prepare the balance sheet of the firm
after the
admission of Shiva, by using any accounting software.
25.
A, B and C are partners sharing profit and losses in the ratio of 3 : 2 : 1. C r
etires from the
firm and A and B decide to continue the business of the firm and share profits a
nd losses
in the ratio of 5 : 3. Goodwill of the firm is valued at Rs.12,000.
If goodwill is raised at full value and its value is written back to the capital
accounts of
the continuing partners.
Write the necessary journal entries and ledger accounts by using any accounting
software.
26.
A, B and C are three partners sharing profit and losses in the ratio of 4 : 3 :2
. B retires and
the goodwill of the firm is valued at Rs.5400. No goodwill appears as yet in the
books of
A, B and C are equal partners. B retires, his share of goodwill is Rs.9,000. The
remaining
partners have decided to continue the business sharing profit in the ratio of 3
: 2. Goodwill
is not to be shown in the Balance Sheet.
Pass Journal Entries, by using any accounting software.
A and B are partners in a business sharing profits and losses as A 3/5ths and B
2/5ths.
Their Balance Sheet as on 1st January 1991 is given below:
20,000
15,000 35,000
15,000
7,500
the firm. A and C decide to share profits in the future in ratio of 5 : 3 and th
at no goodwill
account will be raised in the books of the firm. Pass Journal entries, by using
any
accounting software.
27.
. 28.
Capital: A Machinery 19,500
B Stock 16,000
Reserve
Debtors 15,000
Cash at Bank 6,000
Cash in hand 1,000

. .
57,500 57,500
B decides to retire from the business owing to illness and A takes it over and t
he
a) Goodwill of the firm is valued at Rs.15,000.
b) Depreciate Machinery by 7.5% and stock by 15%
c) A Bad Debts provision is raised against Debtors at 5% and a Discount Reserve
against Creditors at 2.5%.
Journalize the above transactions in the books of the firm, prepare ledger accou
nts and
the Balance Sheet of A, by using any accounting software.
29.
Basu and Das are Partners sharing profits and losses equally. On 30th June 1990
their
Balance Sheet was as under:
BALANCE SHEET
Rs.
Rs.
http://www.miteshk.webs.com

B retired on the above mentioned data and the following terms:


i) Buildings be appreciated by Rs.7,000, ii) Provision for bad debts be made @5%
on
Debtors. iii) Goodwill of the firm be valued, at Rs.9,000 and adjustment in this
respect be
made without raising Goodwill Account, iv) Rs.5,000 be paid to B immediately and
the
balance due to him be treated as a loan carrying interest @6%. Per annum. A and
C
decided to share-profits. In the ratio of 2 : 1.
Pass Journal entries to record the above mentioned transactions, and the balance
sheet of
the firm as it would appear immediately after B s retirement, by using any account
ing
software.
.
Computer Lab - Practical
ADVANCED ACCOUNTING
Sundry Creditors 39,800 Freehold: Premises 26,000
Capitals: Machinery 42,000
Basu 45,000 Stock 12,000
Das 36,000 Sundry Debtors 38,000
. Bank Balance 2,800
1,20,800 1,20,800
It is agreed that Basu will retire as from 30th June 1990 and that Das will take
over the
business on the following terms:
a) Goodwill of the firm to be valued at Rs.11,000.
b) Stock to be agreed as worth Rs.10,000.
c) A Provision for doubtful debts to be carried at 2 percent.
d) Basu to be paid out as to Rs.20,000 of the amount found to be due to him by a
loan
30.
ratio of 3 : 2 : 1 respectively. On 31st December, 1990 Balance Sheet of the fir
m stood as
Liabilities
Rs. Assets Rs.
Sundry Creditors
Capital Accounts:
A 15,000B 10,000C 10,000
13,59035,000
Cash
Debtors
Stock
Buildings
5,9008,00011,69023,00048,590 48,590A, B and C were carrying on business in partn
ership, sharing profits and losses in the
taken at 9 percent and as to the balance by a bill of exchange payable after 12
months.
Show journal entries to record the above transactions and also the Balance Sheet
of Das
after the adjustments have been made, by using any accounting software.

follows:
31. Kishore and Nakul are partners sharing profits and losses equally. Their Bal
ance sheet on
30th November, 1990 is as follows:
http://www.miteshk.webs.com

and B to takeover the stock. C took over the furniture at book value. Debtors an
d
Building realized Rs.57,000 and Rs.25,000 respectively. Expenses of realization
amounted to Rs.450. in addition one bill for Rs.500 under discount was dishonore
d and
had to be taken up by the firm.
and B to takeover the stock. C took over the furniture at book value. Debtors an
d
Building realized Rs.57,000 and Rs.25,000 respectively. Expenses of realization
amounted to Rs.450. in addition one bill for Rs.500 under discount was dishonore
d and
had to be taken up by the firm.
Computer Lab - Practical
ADVANCED ACCOUNTING
They decide to dissolve the firm. The assets realized as follows:
Stock
Debtors
Furniture 1,800
Liabilities
Rs. Assets Rs.
Creditors
Bills Payable
Kishore s Loan
Reserve Fund
Capital Accounts:
Kishore 15,000
Nakul 20,000
11,200
1,800
5,000
6,000
35,000
Cash
Stock
Debtors 13,800
Less: Provision 1,400
Furniture
Plant and Machinery
3,500
17,800
12,400
2,800
22,500
59,000 59,000
18,200
10,600
32.
16,000
A
Plant and Machinery 19,000
Credit allowed a discount of 2% and expenses of realization amounted to Rs.554.
Give
journal entries and the necessary ledger accounts to close the books of the firm

, by using
any accounting software.
The Balance Sheet of A, B and C sharing profits and losses as 3 : 2 : 1 respecti
vely stood
as follows on 30th June, 1990 (figures are in Rs.):
Creditors 50,400 Cash at Bank 3,700
Joint Life Policy Reserve 10,000 Stock 20,100
Reserve Fund 12,000 Debtors 62,600
Investments
Furniture 6,500
B
Buildings 23,500
C
.
1,32,400
The firm was dissolved as on that date. For the purpose of dissolution, the inve
stments
30,000
20,000
10,000 60,000
1,32,400were valued at Rs.18,000 and stock at Rs.17,500. A agreed to take over t
he investments
Give journal entries and the necessary ledger accounts to close the books of the
firm, by
using any accounting software.
33. A, B are Partners in a business. Sharing profit and losses in ration of 3 :
2.
Particulars Amount Rs. Amount Rs.
Capital: A 65,000
B 40,000
Drawings: A 4,000
B 3,000
Goodwill 40,000
http://www.miteshk.webs.com

office books, by using any accounting software:


Stock on 1st January, 2005 (at Invoice Price)
Debtors on 1st January, 2005
Goods invoiced from Head office
Remittances by Branch to Head office
Cash sales
Cash received from debtors
office books, by using any accounting software:
Stock on 1st January, 2005 (at Invoice Price)
Debtors on 1st January, 2005
Goods invoiced from Head office
Remittances by Branch to Head office
Cash sales
Cash received from debtors
Computer Lab - Practical
ADVANCED ACCOUNTING
Sales 1,60,000
Debit, Credit 40,500 2,500
Returns 1,500
B/p 8,900
Furniture 5,000
Purchases 85,000
Rent 4,250
Advertisement 9,000
Op. stock
7,000
5,800
20,860
10,000 .
2,90,000 2,90,000Prepare final accounts the firm, by using any accounting softwa
re.
11,500
Cash 16,000
Wages 14,000
Salaries 12,750
Printing 740
Commission
Carriage
Building
Plant
Additional Information:
1)
2)
3)
4)
5)

Depreciation on furniture Rs.250, Plant 10%, Building 20%


Provision for doubtful debts 5%.
Interest on capital 5%.
B salary Rs.1,800 payable.
Closing Stock 12,500.

34.
(Debtors methods): A head office in Bombay has a branch in Hyderabad to which go
ods
are invoiced by the Head office at cost plus 25%. All cash received by the Head
office.
From the following particulars show how the Branch Account will appear in the He

ad
1,25,000
1,20,000
4,00,000
1,60,000
2,95,000 4,55,000
Goods returned to head office (at invoice price) 25,000
Cheques remitted to Branch:
Salaries 1,10,000
Rent & Taxes 30,000
Sundry expenses 5,000 1,45,000
Stock on 31st December, 2005 1,50,000
Debtors on 31st December, 2005 2,25,000
35.
(Stock and Debtors method) Praveen Ltd. Has a branch at Pune. Goods were invoice
d at
selling price which was fixed by adding 25% to the cost. From the following info
rmation
http://www.miteshk.webs.com

is complete.
On 1stpublic at a premium of Rs.2 per. The Payment was to be made as follows:
is complete.
On 1stpublic at a premium of Rs.2 per. The Payment was to be made as follows:
Computer Lab - Practical
ADVANCED ACCOUNTING
relating to the year 2005 ascertain the profit or loss made in the year 2005 by
Stock and
Debtors system, by using any accounting software: Rs.
Rs.
Stock at invoice Cash Sales 90,000
price on 1-1-2005 20,000 Credit sales 1,85,000
Goods sent to Branch Cash remitted to Branch
during the year 2005 for expenses:
at invoice price 3,00,000 Rent 2,400
Discount allowed to Salaries
Debtors on 1-1-2005
5,600
customers 5,000 General Expenses 2,000 10,000
Cash received from Goods returned
customers 1,40,000 by Customers 6,000
Stock at invoice price on 10,000
31-12-2005 50,000
36.
There was shortage of Rs.1,000 when Branch stock was physically verified.
(Admission): Azib and Omar are partners sharing profits in the ratio of 2 :1. Th
eir
Balance Sheet on 1st April 2009 is as under:
Liabilities Rs. Assets Rs.
Creditors 2,50,000 Cash at Bank 1,50,000
General Reserve 1,50,000 Stock & Debtors 1,50,000
Capitals: Furniture 1,00,000
Azib 4,00,000 Land and Building 6,00,000
Omar 2,00,000 .
10,00,000 10,00,000
They admit Sohail as partner giving him share. Sohail brings in Rs.2,00,000 as h
is
capital. Goodwill is valued at Rs.1,50,000 and will remain in the books. Land an
d
buildings are to be appreciated by 25% and Furniture is to be written down by Rs
.20,000.
A provision of Rs.10,000 is to be made for outstanding expenses. Record the tran
sactions
in any accounting software and generate the Balance Sheet after the process of a
dmission
37. April, 2009 Preksha Ltd. Offered 2,00,000 equity shares of Rs.10 each to the
On application: Rs.5, on Allotment Rs.4 (including premium) and balance on call.
An on April 2009, when the issue was closed, the company received applications t
otaling
3,50,000 shares, of which applications for Rs.50,000 shares were rejected by the

ir banker,
SBI, on technical grounds of the valid 3,00,000applications, retail investors ap
plying for
1,00,000 shares received allotment in full, while the balance 1,00,000 shares we
re
allotted to institutional investors in the rate of 1 : 2. The allotment process
was completed
on 15th May 2009 and the directors made the call exactly a month later in 15th J
une, 2009.
One shareholder, Mr.Nikhil, holding 5000 shares, did not pay the call money. Aft
er the
notice, on 4th September 2009, these shares were forfeited and re-issued to Mr.
Sandeep
at Rs.6 per share. Pass necessary entries using any appropriate accounting softw
are to
reflect the above transactions of Preksha Ltd.
http://www.miteshk.webs.com

Debtors on 1.7.2008
Stock on 1.7.2008
Stock on 31.12.2008
Goods received from Head Office
Bad Debts at the Branch
Computer Lab - Practical
ADVANCED ACCOUNTING
38.
Mamta Ltd. Issues 25,000 6% Debentures of Rs.100 each on 1st January 2005, payab
le
at a discount of 5% but repayable at the end of 4 years at a premium of 5%. A si
nking
fund will be instituted for the purpose investments are expected to earn 4% net.
Sinking
Fund tables show that an annual installment of Rs.0.23549 every year at 4% inter
est will
taken Re.1 at the end of 4 years. Investments are made in nearest multiples of R
s.1,000.
On 31st December 2008, the investments realized Rs.18,58,000. The bank balance a
s on
that date was Rs.8,35,000. The Debentures were paid off is full. Show how the ab
ove
transactions would be recorded in Computer Accounting.
39.
Manaank Ltd. Issued 10 Lakh equity shares of Rs.10 each. The whole issue was
underwritten by three booking firms, namely Merry Line (ML), Layman Bros (LB) an
d
More gun chase (MC) as under:
ML: 40%, LB: 30%, Mc: 30%
8 Lakh applications were received, of which 2 Laksh applications had the stamp o
f ML,
adjust the unmarked applications in the ratio of Gross Liability after deducting
the
marked applications. A commission of 2% is payable to the Brokers.
Show the calculation of Net Liability and record the Transactions is appropriate
books in
an accounting package.
A Trading Firm has a Retail Branch, which is supplied with goods from the Head O
ffice
and which keeps its own sales ledger and remits all cash received daily to the H
ead
Office, the Branch expenses being paid by the Head Office by weekly cheques.
From the following particulars draw up the Branch Account by using computer as t
hey
would appear in the Head Office Books for the six months ending 31st December 20
08:
Rs.
Six Month s Credit Sales 2,485
Cash Sales 1,460
Returns Inward 30
Cash Received on Ledger Accounts
1Lakh had to stamp of LB and another 2 Lakhs had the stamp of MC, It was decided
to
40.
2,387
1,345

840
1,280
2,276
65
Wages and Sundry Expenses 415
Rent, Rates and Taxes 402
41.
From the following particulars prepare Branch Account showing profit or loss of
the
Branch by using Computer:
Opening Stock at the Branch :Rs.30,000
Goods sent to Branch :Rs.90,000
Sales (Cash) :Rs.1,20,000
Salaries :Rs.10,000
Other Expenses :Rs.4,000
http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
Closing Stock could not be ascertained but it is known that the Branch usually s
ells at
cost plus 20%. The Branch Manager is entitled to a commission of 5% on the profi
t of the
Branch before charging such commission.
42.
Sumana Limited invoices goods to their various Branches at cost and the Branches
sell
for cash as well as on credit. From the following particulars, prepare the Branc
h Stock
Account, Branch Debtors Account, Goods Sent to Branch Account, Branch Cash
Account, Branch Expenses Account and Branch Profit and Loss Account by using
computer in the Books of Head Office:
43.
Particulars Rs.
Stock on 1st January
Stock on 31st December
Debtors on 1st January
Debtors on 31st December
Cash on 1st January
Goods sent to Branch
Goods returned by Branch
Cash sales
Credit sales
Allowance to customers
Bad Debts
Returns from customers
Remittance by Branch
Wages and Salaries
Rent and Taxes
Normal Loss of goods due to wastage
Abnormal Loss due to pilferage
Cash remitted to Branch
10,000
8,000
14,000
15,000
400
30,000
2,000
30,000
25,000
400
600
1,000
46,000
4,000
2,000
500
1,500
4,500
Dynamic Ltd. issued 10,000 shares of Rs.10 each at a discount of Rs.1 per share.
The

other details are as follows:


On Application Rs.2, On Allotment Rs.2, On First and Final Call Rs.5. Discount i
s to be
adjusted on allotment. All the money is received except from Mr. Ravi, who had b
een
allotted 100 shares, failed to pay the first and final call amount and his share
s have been
forfeited. Journalize the above transactions relating to the forfeiture of the s
hare by using
accounting software.
44.
X and Y were partners in a firm sharing profits in the ratio of 3:2. On 1.1.2001
their fixed
capitals were Rs.3,00,000 and Rs.2,50,000 respectively. On 1.7.2001 they decided
that
their total capital (fixed) should be Rs.6,00,000 in their profit sharing ratio.
Accordingly,
they introduced extra or withdrew excess capital. The partnership deed provided
for the
following:
(i) Interest on Capital @12% p.a.
(ii) Interest on Drawings @18% p.a.
http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
(iii) A monthly salary of Rs.2,000 to X and a monthly salary of Rs.1,500 to Y. T
he
drawings of X and Y during the year was as follows:
Year 2001 X (Rs.) Y (Rs.)
June 30 20,000 15,000
September 30 20,000 25,000
During the year ended 31.12.2001 the firm earned a net profit of Rs.1,50,000. 10
% of this
profit was to be transferred to general reserve.
By using computer, you are required to prepare: (i) Profit and Loss Appropriatio
n
Account (ii) Partner s Capital Accounts and (iii) Partner s Current Accounts.
45.
X and Y are partners sharing profits and losses equally. It has been agreed that
if a
partner retires, the other partner, should be desired to carry on the business,
shall pay to
the retiring partner his share by four equal half-yearly installments adding int
erest @5%
p.a. with half-yearly rests. Goodwill is to be valued on the basis of five year s
capitalization of the average annual super profits of three preceding financial
years, fixed
assets being revalued for the purpose. The balance sheet of the firm as at 31.12
.2002 was
as follows:
Liabilities Rs. Assets Rs.
Creditors
X s Capital Account
Y s Capital Account
9,160
22,420
16,650
Cash in Hand
Book-debts
Stock
Building
13,000
10,200
5,730
19,300
48,230 48,230
46.
Y retires on 1.1.2003 and X decides to carry on the business. The profits for th
e three
years ended 31st December were Rs.13,500; Rs.14,500 and Rs.14,000. For the purpo
se of
dissolution, building has been revalued at Rs.24,800. No interest on capital was
charged
and partners did not draw any salary.
Show the computation of value of Goodwill and prepare Y s Loan Account with the he
lp
of computer. Assume that normal management remuneration is Rs.6,000 p.a. and nor

mal
return on capital is 12%.
Brick, Sand and Cement were partners in a firm sharing profits and losses in the
ratio of
3:2:1 respectively. Following is their balance sheet as on 31.12.2004:
Liabilities Rs. Assets Rs.
Brick Capital Account
Sand Capital Account
Cement Capital Account
Reserve
Creditors
Bills Payable
30,000
20,000
10,000
29,800
6,200
4,000
Land and Building
Furniture
Stock
Debtors
Bills Receivable
Cash and Bank
50,000
15,000
20,000
7,500
5,000
2,500
1,00,000 1,00,000
Lime is to be admitted as a partner with effect from 1st January 2005, on the fo
llowing
terms:
(i) Lime will bring Rs.15,000 as capital and Rs.12,000 as premium for
goodwill.
Half of the goodwill will be withdrawn by the partners.
http://www.miteshk.webs.com

On Application Rs.2, On Allotment Rs.3, On First and Final Call Rs.5. The public
applied for 10,000 shares and they were allotted.
Show the vouchers of the above transaction in accounting software.
Computer Lab - Practical
ADVANCED ACCOUNTING
(ii) Lime will be entitled to 1/6th share in the profits of the firm.
(iii)The assets will be revalued as: Land and Buildings Rs.56,000, Furniture Rs.
12,000,
Stock Rs.16,000, Debtors Rs.7,000.
(iv)The claim for a creditor for Rs.2,300 is paid at Rs.2,000.
(v) Half of the Reserve is to be withdrawn by the partners.
Prepare the Opening Balance Sheet of the New Firm by using computer.
47.
Asha Limited had issued Rs.2,00,000, 10% debentures on which interest was payabl
e
half-yearly on 30th September and 31st March. Show the necessary journal entries
by
using computer relating to debenture interest for the year ended 31st March, 200
7
assuming that all moneys were duly paid by the company. Tax deducted at source i
s 10%.
48.
Vardan Limited issued 10% Debentures of Rs.6,00,000 with a condition that they s
hould
be redeemed after 3 years at 10% premium. The amount set aside for the redemptio
n of
debenture is invested in 5% Government Securities. The sinking fund table shows
that
0.31720855 at 5% compound interest in three years will become Re.1.
You are required to give Journal entries for recording the transactions with the
help of
April 2004 1,000, 12% Debentures of Rs.100 each
repayable at the end of 3 years at a premium of 5%. It was decided to create a s
inking
fund for the redemption of debentures. The investments are expected to earn inte
rest at
Reference to the sinking fund table shows that Rs.0.317209 invested at 5% p.a. a
mounts
to Re.1 at the end of three years. At the end of three years, the investments we
re sold at
Rs.70,000 and the debentures were redeemed.
Prepare Debentures Account, Sinking Fund Account and Sinking Fund Investment
Account by using computer for the three years.
Sri Vaihbava Publications Ltd. Invited applications for 10,000 shares of Rs.10 e
ach the
computer.
49.
Meenakshi Limited issued on 1st
5% p.a.
50.
details are give as follows:
*****

http://www.miteshk.webs.com

( Give Name, Address, Financial Year etc)


STEP:3-CREATION OF LEDGER
Path: Gateway of Tally . Accounts info . Ledger . Multiple Ledger . Create
S.NO NAME OF SHARE UNDER
1
2
3
4
5
Equity share capital
Equity share application
Equity share Allotment
Equity share First call
Equity share Second call
Capital A/C
Capital A/C
Capital A/C
Capital A/C
Capital A/C
STEP:4-ENTERING TRANSACTIONS INTO VOUCHER
Path: Gateway of Tally . Accounting Voucher
( Give Name, Address, Financial Year etc)
STEP:3-CREATION OF LEDGER
Path: Gateway of Tally . Accounts info . Ledger . Multiple Ledger . Create
S.NO NAME OF SHARE UNDER
1
2
3
4
5
Equity share capital
Equity share application
Equity share Allotment
Equity share First call
Equity share Second call
Capital A/C
Capital A/C
Capital A/C
Capital A/C
Capital A/C
STEP:4-ENTERING TRANSACTIONS INTO VOUCHER
Path: Gateway of Tally . Accounting Voucher
Computer Lab - Practical
ADVANCED ACCOUNTING
PROBLEM: 1
STEP:1-ENTER INTO TALLY ACCOUNTING SOFTWARE
Double click on tally icon from the desktop.
STEP:2-CREATION OF COMPANY
Navigation: Company info menu . Create +
Date Particular L.F. Debit Credit
(Receipt Voucher) i.e. F6
By. Bank/Cash A/c --------------------Dr. 2,00,000

To. Share Application A/c


(Journal Voucher) i.e. F7
2,00,000
By. Share Application A/c ------------Dr. 2,00,000
To. Equity Share Capital A/c 2,00,000
(Journal Voucher) i.e. F7
By. Share Allotment A/c --------------Dr.
To. Share Capital A/c
3,00,000
3,00,000
(Receipt Voucher) i.e. F6
By. Bank/Cash A/c----------------------Dr
To. Share Allotment A/c
3,00,000
3,00,000
(Journal Voucher) i.e. F7 3,00,000By. Share First Call A/c---------------Dr.
To. Share Capital A/c
(Receipt Voucher) i.e. F6
3,00,000
By. Bank/Cash A/c --------------------Dr. 3,00,000
To. Share First call A/c
(Journal Voucher) i.e. F7
3,00,000
By. Share Final/Second Call A/c-----Dr. 2,00,000
http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
To. Share Capital A/c
(Receipt Voucher) i.e. F6
By. Bank/Cash A/c --------------------Dr.
To. Share Final/Second call A/c
2,00,000
2,00,000
2,00,000
STEP:5-DISPLAY RESULT
Path: Gateway of Tally . Reports . Display . Accounts Books . Cash Books
. Gateway of Tally . Report . Balance Sheet.
http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
PROBLEM: 2
STEP:1-ENTER INTO TALLY ACCOUNTING SOFTWARE
Double click on tally icon from the desktop.
STEP:2-CREATION OF COMPANY
Navigation: Company info menu . Create +
( Give Name, Address, Financial Year etc)
STEP:3-CREATION OF LEDGER
Path: Gateway of Tally . Accounts info . Ledger . Multiple Ledger . Create
Press Four times (Esc) and Accept YES to Save
Press (Esc) and Return to Gateway of Tally
STEP:4-ENTERING TRANSACTIONS INTO VOUCHER
Path: Gateway of Tally . Accounting Voucher
Date Particular L.F. Debit Credit
Bank A/c --------------------------------Dr
To Debentures application A/c
Debenture Application A/c -------------Dr
To Debenture A/c
To Debenture Allotment A/c
Debenture Allotment A/c ---------------Dr
Discount of the issue of Debenture ---Dr
To Debenture A/c
Bank A/c ----------------------------------Dr
To Debenture A/c
Profit & Loss A/c ------------------------Dr
To Discount of issue of den A/c
Profit & Loss A/c ------------------------Dr
To Interest on Debenture A/c
90,000
90,000
35,000
5,000
5,000
500
5,000
90,000
60,000
30,000
40,000
5,000
500
5,000
STEP:5-DISPLAY RESULT
Path: Gateway of Tally . Reports . Display . Accounts Books . Cash Books

. Gateway of Tally . Report . Balance Sheet.


http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
PROBLEM: 3
STEP:1-ENTER INTO TALLY ACCOUNTING SOFTWARE
Double click on tally icon from the desktop.
STEP:2-CREATION OF COMPANY
Navigation: Company info menu . Create +
( Give Name, Address, Financial Year etc)
STEP:3-CREATION OF LEDGER
Path: Gateway of Tally . Accounts info . Ledger . Multiple Ledger . Create
S.NO NAME OF LEDGER UNDER GROUP
1
2
3
4
5
6
7
Share Application A/c
Share Allotment A/c
Share First Call A/c
Share Final Call A/c
Share Capital A/c
Share Premium A/c
Call in Arrears
Share Capital A/c
Share Capital A/c
Share Capital A/c
Share Capital A/c
Share Capital A/c
Reserve and Surplus
Share Capital A/c
Press Four times (Esc) and Accept YES to Save
Press (Esc) and Return to Gateway of Tally
STEP:4-ENTERING TRANSACTIONS INTO VOUCHER
Path: Gateway of Tally . Accounting Voucher
Date Particular L.F. Debit Credit
(Receipt Voucher) i.e. F6
By. Bank A/c---------------------------Dr.
To. Share Application A/c
[ Being share application money
received at 5000 shares @ 10 Rs/- ]
(Journal Voucher) i.e. F7
By. Share Application A/c
To. Share Capital A/c
[ Being share application money
transferred to share capital A/c ]
(Journal Voucher) i.e. F7
By. Share Allotment A/c--------------Dr.
To. Share Capital A/c
To. Share Premium A/c

[ Being Allotment money received


including Premium ]
50,000
50,000
30,000
50,000
50,000
30,000
http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
(Receipt Voucher) i.e. F6
By. Bank A/c
To. Share Allotment A/c
[ Being Allotment money received
including Premium ]
(Journal Voucher) i.e. F7
By. Share First Call A/c --------------Dr.
To. Share Capital A/c
[ Being share First call money due ]
(Receipt Voucher) i.e. F6
By. Bank
By. Call in Arrears A/c
To. Share First Call A/c
[ Being share first call money received
5000
1000 = 4000 @ Rs. 30 shares ]
(Journal Voucher) i.e. F7
By. Share Final Call A/c
To. Share capital A/c
[ Being share final call money due ]
(Receipt Voucher) i.e. F6
By. Bank A/c --------------------------Dr.
By. Call in Arrears A/c --------------Dr.
To. Share First Call A/c
[ Being share final call money received
5000 1500 = 3500 shares @ 40 Rs. ]
3,00,000
1,50,000
1,20,000
30,000
2,00,000
1,40,000
60,000
3,00,000
1,50,000
1,50,000
2,00,000
2,00,000
STEP:5-DISPLAY RESULT
Path: Gateway of Tally . Reports . Display . Accounts Books . Cash Books
. Gateway of Tally . Report . Balance Sheet.
http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
PROBLEM: 4
STEP:1-ENTER INTO TALLY ACCOUNTING SOFTWARE
Double click on tally icon from the desktop.
STEP:2-CREATION OF COMPANY
Navigation: Company info menu . Create +
( Give Name, Address, Financial Year etc)
STEP:3-CREATION OF LEDGER
Path: Gateway of Tally . Accounts info . Ledger . Multiple Ledger . Create
S.NO NAME OF LEDGER UNDER GROUP
Path: Gateway of Tally . Accounting Voucher
Date Particular L.F. Debit Credit
(f6 receipt voucher)
1. Bank a/c-----Dr
To share application a/c
(f7 journal voucher)
2. Share application a/c-----Dr
To share capital a/c
(f7 journal voucher)
3. Share allotment a/c-------Dr
Discount a/c---------------Dr
To Share capital a/c
(f6 receipt voucher)
4. Bank a/c----Dr
To share allotment a/c
(f7 journal voucher)
5. Share 1st call a/c----- Dr
To share capital a/c
(f6 receipts voucher)
2250000
2250000
306000
60000
306000
3150000
2250000
2250000
366000
306000
3150000
1
2
3
4
5
Share Application A/c
Share Allotment A/c
Share First Call A/c
Share Capital A/c
Call in Arrears
Share Capital A/c

Share Capital A/c


Share Capital A/c
Share Capital A/c
Share Capital A/c
Press Four times (Esc) and Accept YES to Save
Press (Esc) and Return to Gateway of Tally
STEP:4-ENTERING TRANSACTIONS INTO VOUCHER
http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
6. Bank a/c-----Dr
Calls in arrears a/c----Dr
To share 1st call a/c
280000
35000
3150000
STEP:5-DISPLAY RESULT
Path: Gateway of Tally . Reports . Display . Accounts Books . Cash Books
. Gateway of Tally . Report . Balance Sheet.
http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
PROBLEM: 5
STEP:1-ENTER INTO TALLY ACCOUNTING SOFTWARE
Double click on tally icon from the desktop.
STEP:2-CREATION OF COMPANY
Navigation: Company info menu . Create +
( Give Name, Address, Financial Year etc)
STEP:3-CREATION OF LEDGER
Path: Gateway of Tally . Accounts info . Ledger . Multiple Ledger . Create
S.NO NAME OF LEDGER UNDER GROUP
Press Four times (Esc) and Accept YES to Save
Press (Esc) and Return to Gateway of Tally
STEP:4-ENTERING TRANSACTIONS INTO VOUCHER
Path: Gateway of Tally . Accounting Voucher
Date Particular L.F. Debit Credit
(Receipt Voucher) i.e. F6
By. Bank A/c---------------------------Dr.
To. Share Application A/c
[ Being share application money
received at 5000 shares @ 10 Rs/- ]
(Journal Voucher) i.e. F7
By. Share Application A/c
To. Share Capital A/c
[ Being share application money
transferred to share capital A/c ]
(Journal Voucher) i.e. F7
By. Share Allotment A/c--------------Dr.
To. Share Capital A/c
To. Share Premium A/c
[ Being Allotment money received
50,000
50,000
30,000
50,000
50,000
30,000
1
2
3
4
5
6
7
8
Equity Share Application A/c
Equity Share Allotment A/c
Equity Share First Call A/c
Equity Share Capital A/c
Call in Arrears A/c
Forfeited shares A/c

Capital Reserve A/c


Share Premium A/c
Equity Share Capital A/c
Equity Share Capital A/c
Equity Share Capital A/c
Equity Share Capital A/c
Equity Share Capital A/c
Equity Share Capital A/c
Reserve and Surplus
Reserve and Surplus
http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
including Premium ]
(Receipt Voucher) i.e. F6
By. Bank A/c 40,05,000
To. Equity Share Allotment A/c
[ Being Equity Allotment money
received ]
40,05,000
(Journal Voucher) i.e. F7
By. Equity Share First Call A/c -----Dr.
To. Equity Share Capital A/c
40,05,000
40,05,000
(Journal Voucher) i.e. F7
By. Equity Share Allotment A/c
To. Equity share capital A/c
To. Share Premium A/c
40,05,000
22,50,000
18,00,000
[ Being amount due towards allotment
including Premium ]
(Journal Voucher) i.e. F7 40,50,000By. Bank A/c
To. Equity Share Allotment A/c
[ Being allotment money received ]
(Journal Voucher) i.e. F7
40,50,000
By. Equity share First/ Final call A/c 27,00,000
To. Equity share capital A/c
[ Being the amount due towards calls ]
(Receipt Voucher) i.e. F6
27,00,000
By. Bank A/c 26,70,000By. Calls in Arrears A/c 30,000
To. Equity share first/final call A/c
[ Being first/final call money received
except on 1000 shares]
(Journal Voucher) i.e. F7
27,00,000
By. Equity share capital A/c 1,00,000
To. Equity share first/call A/c 30,000
To. Share Forfeited A/c
[ Being the forfeited of 1000 shares on
which first/final call money was not
received ]
70,000
(Journal Voucher) i.e. F7
By. Bank A/c
By. Share forfeited A/c
To. Equity share capital A/c
60,000
40,000
1,00,000
[ Being the reissue of forfeited shares
issued @ Rs. 60 per share ]
(Journal Voucher) i.e. F7
By. Share forfeited A/c 30,000

http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
To. Capital Reserve A/c
[ Being Balance of share forfeited A/c
Transferred to capital reserve A/c ]
30,000
STEP:5-DISPLAY RESULT
Path: Gateway of Tally . Reports . Display . Accounts Books . Cash Books
http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
PROBLEM: 6
STEP:1-ENTER INTO TALLY ACCOUNTING SOFTWARE
Double click on tally icon from the desktop.
STEP:2-CREATION OF COMPANY
Navigation: Company info menu . Create +
(Give Name, Address, Financial Year etc)
STEP:3-CREATION OF LEDGER
Press Four times (Esc) and Accept YES to Save
Press (Esc) and Return to Gateway of Tally
STEP:4-ENTERING TRANSACTIONS INTO VOUCHER
Path: Gateway of Tally . Accounting Voucher
Date Particular L.F. Debit Credit
Sundry Assets A/c ---------------------Dr.
Goodwill A/c ---------------------------Dr.
To. Liabilities A/c
To. Depreciation A/c
To. S Sudhakar Premium A/c
35,000
10,000
30,000
3,00,000
30,000
STEP:5-DISPLAY RESULT
Path: Gateway of Tally . Reports . Display . Accounts Books . Cash Books
. Gateway of Tally . Report . Balance Sheet.
http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
PROBLEM: 7
STEP:1-ENTER INTO TALLY ACCOUNTING SOFTWARE
Double click on tally icon from the desktop.
STEP:2-CREATION OF COMPANY
Navigation: Company info menu . Create +
( Give Name, Address, Financial Year etc)
STEP:3-CREATION OF LEDGER
Path: Gateway of Tally . Accounts info . Ledger . Multiple Ledger . Create
Press Four times (Esc) and Accept YES to Save
Press (Esc) and Return to Gateway of Tally
STEP:4-ENTERING TRANSACTIONS INTO VOUCHER
Path: Gateway of Tally . Accounting Voucher
Date Particular L.F. Debit Credit
Bank A/c --------------------------------Dr
To Debentures application A/c
Debenture Application A/c -------------Dr
To Debenture A/c
To Debenture Allotment A/c
Debenture Allotment A/c ---------------Dr
Discount of the issue of Debenture ---Dr
To Debenture A/c
Bank A/c ----------------------------------Dr
To Debenture A/c
Profit & Loss A/c ------------------------Dr
To Discount of issue of den A/c
Profit & Loss A/c ------------------------Dr
To Interest on Debenture A/c
90,000
90,000
35,000
5,000
5,000
500
5,000
90,000
60,000
30,000
40,000
5,000
500
5,000
STEP:5-DISPLAY RESULT
Path: Gateway of Tally . Reports . Display . Accounts Books . Cash Books

. Gateway of Tally . Report . Balance Sheet.


http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
PROBLEM: 8
STEP:1-ENTER INTO TALLY ACCOUNTING SOFTWARE
Double click on tally icon from the desktop.
STEP:2-CREATION OF COMPANY
Navigation: Company info menu . Create +
( Give Name, Address, Financial Year etc)
STEP:3-CREATION OF LEDGER
Path: Gateway of Tally . Accounts info . Ledger . Multiple Ledger . Create
S.NO NAME OF LEDGER UNDER GROUP
STEP:4-ENTERING TRANSACTIONS INTO VOUCHER
Path: Gateway of Tally . Accounting Voucher
Date Particular L.F. Debit Credit
(Receipt Voucher) i.e. F6
By. Bank A/c
To. Debenture Application
(Journal Voucher) i.e. F7
By. Debenture Application A/c
To. Debenture A/c
(Journal Voucher) i.e. F7
By. Debenture Allotment A/c
To. Debenture A/c
(Receipt Voucher) i.e. F6
By. Bank A/c
To. Debenture Allotment A/c
To. Debenture Call in Advance A/c
(Journal Voucher) i.e. F7
3,00,000
3,00,000
4,00,000
4,04,000
3,00,000
3,00,000
4,00,000
3,92,000
2,000
1
2
3
4
5
6
7
8
Debenture A/c
Debenture Application A/c
Debenture Allotment A/c
Debenture First Call A/c
Debenture Last Call A/c
Debenture Call in Arrears A/c
Debenture Call in advance A/c

Bank A/c
Secured loans
Secured loans
Secured loans
Secured loans
Secured loans
Reserve and Surplus
Current liabilities
Bank A/c
Press Four times (Esc) and Accept YES to Save
Press (Esc) and Return to Gateway of Tally
http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
By. Debenture first call A/c
To. Debenture A/c
(Journal Voucher) i.e. F7
By. Debenture Call in advance A/c
To. Debenture first call A/c
(Receipt Voucher) i.e. F6
By. Bank A/c
To. Debenture Allotment A/c
To. Debenture first call A/c
(Journal Voucher) i.e. F7
By. Debenture Second Call A/c
To. Debenture A/c
(Receipt Voucher) i.e. F6
By. Debenture Call in a advance A/c
By. Bank A/c
To. Debenture second call A/c
2,00,000
8,000
2,00,000
1,00,000
4,000
96,000
2,00,000
8,000
8,000
1,92,000
1,00,000
1,00,000
STEP:5-DISPLAY RESULT
Path: Gateway of Tally . Reports . Display . Accounts Books . Cash Books
http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
PROBLEM: 9
STEP:1-ENTER INTO TALLY ACCOUNTING SOFTWARE
Double click on tally icon from the desktop.
STEP:2-CREATION OF COMPANY
Navigation: Company info menu . Create +
( Give Name, Address, Financial Year etc)
STEP:3-CREATION OF LEDGER
Press Four times (Esc) and Accept YES to Save
Press (Esc) and Return to Gateway of Tally
STEP:4-ENTERING TRANSACTIONS INTO VOUCHER
Path: Gateway of Tally . Accounting Voucher
Path: Gateway of Tally . Accounts info . Ledger . Multiple Ledger . Create
Date Particular L.F. Debit Credit
Sundry Assets A/c -- ------------------- Dr
Goodwill A/c ----------------------------Dr
To Liabilities A/c
To Debenture A/c
To S.P A/c
To. Bank A/c
36,000
10,015
35,000
30,4800
30,450
65
STEP:5-DISPLAY RESULT
Path: Gateway of Tally . Reports . Display . Accounts Books . Cash Books
http://www.miteshk.webs.com

Date Particular L.F. Debit Credit


Sundry Assets A/c ---------------------Dr.
Discount of Debenture A/c ----------Dr.
To. Debenture A/c
To. Liability A/c
To. Capital A/c
3,80,000
3,70,000
3,70,000
30,000
17,000
Computer Lab - Practical
ADVANCED ACCOUNTING
PROBLEM: 10
STEP:1-ENTER INTO TALLY ACCOUNTING SOFTWARE
Double click on tally icon from the desktop.
STEP:2-CREATION OF COMPANY
Navigation: Company info menu . Create +
( Give Name, Address, Financial Year etc)
STEP:3-CREATION OF LEDGER
Path: Gateway of Tally . Accounts info . Ledger . Multiple Ledger . Create
Press Four times (Esc) and Accept YES to Save
Press (Esc) and Return to Gateway of Tally
STEP:4-ENTERING TRANSACTIONS INTO VOUCHER
Path: Gateway of Tally . Accounting Voucher
STEP:5-DISPLAY RESULT
Path: Gateway of Tally . Reports . Display . Accounts Books . Cash Books
http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
PROBLEM: 11
STEP:1-ENTER INTO TALLY ACCOUNTING SOFTWARE
Double click on tally icon from the desktop.
STEP:2-CREATION OF COMPANY
Navigation: Company info menu . Create +
( Give Name, Address, Financial Year etc)
STEP:3-CREATION OF LEDGER
Path: Gateway of Tally . Accounts info . Ledger . Multiple Ledger . Create
S.NO NAME OF LEDGER UNDER GROUP
1
2
3
Debenture A/c
Loss on issue of Debenture
Premium On Redemption
Secured loans
Indirect Expenses
Indirect Receipt
Press Four times (Esc) and Accept YES to Save
Press (Esc) and Return to Gateway of Tally
STEP:4-ENTERING TRANSACTIONS INTO VOUCHER
Path: Gateway of Tally . Accounting Voucher
Date Particular L.F. Debit Credit
(F6 Receipt Voucher)
Bank A/c -------------------------------- Dr
Discount on debenture A/c ------------Dr
To debenture A/c
(F7 Receipt Voucher)
Bank A/c -------------------------------- Dr
Loss on issue of debenture A/c -------Dr
To debenture A/c
To premium on redemption A/c
(F6 Receipts Voucher)
Bank A/c ---------------------------------Dr
Discount A/c ----------------------------Dr
To debenture A/c
To premium on debenture A/c
(F6 Receipt Voucher)
Bank A/c ---------------------------------Dr
To debenture A/c
To premium on debenture A/c
95
5
95
10
100
5
105
100

100
5
100
5
100
5
STEP:5-DISPLAY RESULT
http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
Path: Gateway of Tally . Reports . Display . Accounts Books . Cash Books
PROBLEM: 12
STEP:1-ENTER INTO TALLY ACCOUNTING SOFTWARE
Double click on tally icon from the desktop.
STEP:2-CREATION OF COMPANY
Navigation: Company info menu . Create +
( Give Name, Address, Financial Year etc)
STEP:3 CREATION OF LEDGER
Path: Gateway of Tally . Accounts info . Ledger . Multiple Ledger . Create
Press Four times (Esc) and Accept YES to Save
Press (Esc) and Return to Gateway of Tally
STEP:4-ENTERING TRANSACTIONS INTO VOUCHER
Path: Gateway of Tally . Accounting Voucher
Date Particular L.F. Debit Credit
6% Debenture A/c ----------------------------------Dr.
To. Bank A/c
6% Debenture A/c ----------------------------------Dr.
To. Bank A/c
Profit & Loss Appropriation A/c -----------------Dr.
To. Debenture redemption A/c
10,000
15,000
15,000
10,000
15,000
15,000
STEP:4-DISPLAY RESULT
Path: Gateway of Tally . Reports . Display . Accounts Books . Cash Books
http://www.miteshk.webs.com

Press Four times (Esc) and Accept YES to Save


Press (Esc) and Return to Gateway of Tally
STEP: 4-ENTERING TRANSACTIONS INTO VOUCHER
Path: Gateway of Tally . Accounting Voucher
Press Four times (Esc) and Accept YES to Save
Press (Esc) and Return to Gateway of Tally
STEP: 4-ENTERING TRANSACTIONS INTO VOUCHER
Path: Gateway of Tally . Accounting Voucher
Computer Lab - Practical
ADVANCED ACCOUNTING
PROBLEM: 13
STEP:1-ENTER INTO TALLY ACCOUNTING SOFTWARE
Double click on tally icon from the desktop.
STEP:2-CREATION OF COMPANY
Navigation: Company info menu . Create +
( Give Name, Address, Financial Year etc)
STEP:3 CREATION OF LEDGER
Path: Gateway of Tally . Accounts info . Ledger . Multiple Ledger . Create
S.NO NAME OF LEDGER UNDER GROUP
1
2
3
4
5
6
Share Application A/c
Share Allotment A/c
Share First Call A/c
Share Final Call A/c
Share Capital A/c
Call in Arrears
Share Capital A/c
Share Capital A/c
Share Capital A/c
Share Capital A/c
Share Capital A/c
Share Capital A/c
Date Particular L.F. Debit Credit
Bank A/c ---------------------------------------------Dr. 60,00,000
To. Share Application A/c 60,00,000
Share Application A/c ------------------------------Dr. 6,00,000
To. Share Capital A/c 6,00,000
Share Allotment A/c -------------------------------Dr.
To. Share Capital A/c
Bank A/c --------------------------------------------Dr.
To. Share Allotment A/c
9,00,000
9,00,000
9,00,000
9,00,000
Share 1st Call A/c -----------------------------------Dr. 9,00,000To. Share Capi

tal A/c 9,00,000


Bank A/c ---------------------------------------------Dr. 9,00,000
To. Share 1st Call A/c 8,70,000
To. Calls in Arrears A/c 3,00,000
Share Final Call A/c --------------------------------Dr. 6,00,000
To. Share Capital A/c 6,00,000
Bank A/c ---------------------------------------------Dr. 6,00,000
To. Share Final Call A/c 70,000
To. Calls in Arrears A/c 30,000
STEP:5-DISPLAY RECALUATION A/c, BALANCE SHEET
Path: Accounts info . Display . Accounts Book . Ledgers . Revaluation A/c
http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
Gateway of Tally . Balance sheet.
PROBLEM: 14
STEP:1-ENTER INTO TALLY ACCOUNTING SOFTWARE
Double click on tally icon from the desktop.
STEP:2-CREATION OF COMPANY
Navigation: Company info menu . Create +
( Give Name, Address, Financial Year etc)
STEP:3-CREATION OF LEDGER
Path: Gateway of Tally . Accounts info . Ledger . Multiple Ledger . Create
S.NO NAME OF LEDGER UNDER GROUP
1
2
3
4
5
6
7
Share Application A/c
Share Allotment A/c
Share First Call A/c
Share Second Call A/c
Share Capital A/c
Share Premium A/c
Call in Arrears
Share Capital A/c
Share Capital A/c
Share Capital A/c
Share Capital A/c
Share Capital A/c
Reserve and Surplus
Share Capital A/c
Press Four times (Esc) and Accept YES to Save
Press (Esc) and Return to Gateway of Tally
STEP:4-ENTERING TRANSACTIONS INTO VOUCHER
Path: Gateway of Tally . Accounting Voucher
Date Particular L.F. Debit Credit
(F6 Receipt Voucher)
Bank A/c ----------------------------------Dr
To Share capital A/c
(F7 Journal Voucher)
Share application A/c -------------------Dr
To Share Capital A/c
(F7 Journal Voucher)
Share Allotment A/c --------------------Dr
Premium A/c ----------------------------Dr
To Share Capital A/c
(F6 Receipt Voucher)
Bank A/c ---------------------------------Dr

To Share Allotment A/c


To Premium A/c
(F7 Journal Voucher)
10000
10000
15000
10000
25000
10000
10000
25000
15000
10000
http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
Share 1st A/c -----------------------------Dr
To Share Capital A/c
(F6 Receipt Voucher)
Bank A/c ----------------------------------Dr
Calls in arrears A/c ----------------------Dr
To Share 1st call A/c
(F7 Journal Voucher)
Share 2nd call A/c ------------------------Dr
To Share Capital A/c
(F6 Receipt Voucher)
Bank A/c ----------------------------------Dr
Calls in arrears A/c ---------------------- Dr
To 2nd call A/c
15000
14000
1000
10000
7000
3000
15000
15000
10000
10000
STEP:5-DISPLAY RESULT
Path: Gateway of Tally . Reports . Display . Accounts Books . Cash Books
http://www.miteshk.webs.com

S.NO NAME OF LEDGER UNDER GROUP


1
2
3
4
5
6
Share Application A/c
Share Allotment A/c
Share First Call A/c
Share Second Call A/c
Share Capital A/c
Call in Arrears
Share Capital A/c
Share Capital A/c
Share Capital A/c
Share Capital A/c
Share Capital A/c
Share Capital A/c
S.NO NAME OF LEDGER UNDER GROUP
1
2
3
4
5
6
Share Application A/c
Share Allotment A/c
Share First Call A/c
Share Second Call A/c
Share Capital A/c
Call in Arrears
Share Capital A/c
Share Capital A/c
Share Capital A/c
Share Capital A/c
Share Capital A/c
Share Capital A/c
Computer Lab - Practical
ADVANCED ACCOUNTING
PROBLEM: 15
STEP:1-ENTER INTO TALLY ACCOUNTING SOFTWARE
Double click on tally icon from the desktop.
STEP:2-CREATION OF COMPANY
Navigation: Company info menu . Create +
( Give Name, Address, Financial Year etc)
STEP:3-CREATION OF LEDGER
Path: Gateway of Tally . Accounts info . Ledger . Multiple Ledger . Create
Press Four times (Esc) and Accept YES to Save
Press (Esc) and Return to Gateway of Tally
STEP:4-ENTERING TRANSACTIONS INTO VOUCHER
Path: Gateway of Tally . Accounting Voucher

Date Particular L.F. Debit Credit


(F6 Receipt Voucher)
Bank A/c --------------------------------Dr
To Share Application A/c
(F7 Journal Voucher)
Share Application A/c -----------------Dr
To Share Capital a/c
(F7 Journal Voucher)
Share Allotment A/c -------------------Dr
To Share Capital A/c
(F6 Receipt Voucher)
Bank A/c --------------------------------Dr
To Share Allotment A/c
(F7 Journal Voucher)
Share 1st call A/c -----------------------Dr
To Share Capital A/c
(F6 Receipt Voucher)
600000
600000
900000
900000
900000
600000
600000
900000
900000
900000
http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
Bank A/c ---------------------------------Dr
890000
Calls in arrears A/c-----Dr
10000
To share 1st call A/c
900000
(F7 Journal Voucher)
600000
Share 2nd call A/c -----------------------Dr
600000
To Share Capital A/c
(F6 Receipt Voucher)
585000
Bank A/c ---------------------------------Dr
15000
Calls in arrears A/c ---------------------Dr
600000To share 2nd call A/c
STEP:5-DISPLAY RESULT
Path: Gateway of Tally . Reports . Display . Accounts Books . Cash Books
http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
PROBLEM: 16
STEP:1-ENTER INTO TALLY ACCOUNTING SOFTWARE
Double click on tally icon from the desktop.
STEP:2-CREATION OF COMPANY
Navigation: Company info menu . Create +
( Give Name, Address, Financial Year etc)
STEP:3CREATION OF GROUP:
Path: Gateway of Tally . Accounts info . Group . Single Group . Create
S.NO NAME OF GROUP UNDER GROUP
1 Profit & Loss Appropriation A/c Reserve and Surplus
STEP:4 CREATION OF LEDGER
Path: Gateway of Tally . Accounts info . Ledger . Multiple Ledger . Create
S.NO NAME OF LEDGER UNDER GROUP
1
2
3
4
5
6
Debenture
Profit & Loss Appropriation
Bank A/c
Sinking fund A/c
Sinking fund Investment
Interest on sinking fund investment
Secured Loans
P & L Appropriation
Bank A/c
Reserve and Surplus
Investment
Indirect income
Press Four times (Esc) and Accept YES to Save
Press (Esc) and Return to Gateway of Tally
STEP:5-ENTERING TRANSACTIONS INTO VOUCHER
Path: Gateway of Tally . Accounting Voucher
Date Particular L.F. Debit Credit
(Receipt Voucher) i.e. F6
By. Bank A/c
To. Debenture A/c
(Journal Voucher) i.e. F7
By. P & L Appropriation A/c
To. Sinking fund investment A/c
(Payment Voucher) i.e. F5
By. Sinking fund investment A/c
To. Bank A/c
(Receipt Voucher) i.e. F6
1,00,000

18,098
18,100
1,00,000
18,098
18,100
http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
By. Bank A/c 905
To. Interest on sinking fund investment A/c
To. Debenture Call in Advance A/c
(Journal Voucher) i.e. F7
905
By. Interest on sinking fund investment A/c 905
To. Sinking fund A/c 905
(Journal Voucher) i.e. F7
By. P & L Appropriation A/c
To. Sinking fund A/c
18,095
18,095
(Payment Voucher) i.e. F5
By. Sinking fund investment A/c
To. Bank A/c
19,000
19,000
(Receipt Voucher) i.e. F6
By. Bank A/c 1,855
To. Investment Sinking fund investment A/c
(Journal Voucher) i.e. F7
1,855
By. Investment Sinking fund investment A/c1,855
To. Sinking fund A/c
(Journal Voucher) i.e. F7
1,855
By. Profit & Loss Appropriation A/c 18,098
To. Sinking fund A/c
(Payment Voucher) i.e. F5
18,098
By. Sinking fund investment A/c20,000
To. Bank A/c 20,000
( Receipt Voucher) i.e. F6
By. Bank A/c
To. Interest on sinking land investment A/c2,855
2,855
(Journal Voucher) i.e. F7
By. Interest on sinking land investment A/c
To. Sinking fund A/c
2,855
2,855
(Payment Voucher) i.e. F5
By. Sinking fund investment A/c21,000To. Bank A/c
(Receipt Voucher) i.e. F6
21,000
By. Bank A/c 3,905
To. Interest on sinking fund investment A/c
(Journal Voucher) i.e. F7
3,905
By. P & L Appropriation A/c 18,098
To. Sinking fund A/c 18,098
(Receipt Voucher) i.e. F6
By. Bank A/c
To. Sinking fund investment A/c
77,800

77,800
[ Being amount realised on sale of investment
http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
78,100-300=77,800 ]
(Journal Voucher) i.e. F7
By. Investment Sinking fund investment A/c
To. Sinking fund A/c
(Journal Voucher) i.e. F7
By. Sinking fund A/c
To. Sinking fund investment A/c
(Payment Voucher) i.e. F5
By. Debenture A/c
To. Bank A/c
(Journal Voucher) i.e. F7
By. Sinking fund A/c
To. General Reserve A/c
3,905
300
1,00,000
99,710
3,905
300
1,00,000
99,710
STEP:5-DISPLAY RESULT
Path: Gateway of Tally . Reports . Display . Accounts Books . Cash Books
http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
PROBLEM: 17
STEP:1-ENTER INTO TALLY ACCOUNTING SOFTWARE
Double click on tally icon from the desktop.
STEP:2-CREATION OF COMPANY
Navigation: Company info menu . Create +
( Give Name, Address, Financial Year etc)
STEP:3CREATION OF GROUP:
Path: Gateway of Tally . Accounts info . Group . Single Group . Create
S.NO NAME OF GROUP UNDER GROUP
1
2
Revaluation A/c
Current A/c
Reserve and Surplus
Capital A/c
STEP:4 CREATION OF LEDGER
Path: Gateway of Tally . Accounts info . Ledger . Multiple Ledger . Create
S.NO NAME OF LEDGER UNDER GROUP OPEMOMG BALANCE
1
2
3
4
5
6
7
8
9
10
Creditor
A s Capital
Debtors
Stock
Furniture
Premises
Investment
Bad debts
Revaluation
A s Current
S. Creditor
Capital A/c
S. Debtors
Current Assets
Fixed Assets
Fixed Assets
Investment
S. Debtors
Revaluation
Current
3,000 Cr.
13,500 Cr.

4,000 Dr.
5,000 Dr.
750 Dr.
6,000 Dr.
250 Dr.
--Press Four times (Esc) and Accept YES to Save
Press (Esc) and Return to Gateway of Tally
STEP: 5-GOTO ALTER AND ENTER
S.NO NAME OF LEDGER UNDER GROUP OPENING BALANCE
11 Cash Cash-in-hand 500 Dr.
STEP: 6-ENTERING TRANSACTIONS INTO VOUCHER
Path: Gateway of Tally . Accounting Voucher
Date Particular L.F. Debit Credit
http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
(Journal Voucher) i.e. F7
By. Bad Debts A/c
To. Debtors A/c
(Journal Voucher) i.e. F7
By. Revaluation A/c
To. Bad Debts A/c
(Journal Voucher) i.e. F7
By. Revaluation A/c
To. Stock A/c
(Journal Voucher) i.e. F7
By. Revaluation A/c
To. Furniture A/c
(Journal Voucher) i.e. F7
By. Premises A/c
To. Revaluation A/c
(Journal Voucher) i.e. F7
By. Revaluation A/c
To. A s Current A/c
200
200
500
250
1,000
50
200
200
500
250
1,000
50
STEP:7-DISPLAY RECALUATION A/c, BALANCE SHEET
Path: Accounts info . Display . Accounts Book . Ledgers . Revaluation A/c
Gateway of Tally . Balance sheet.
http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
PROBLEM: 18
STEP:1-ENTER INTO TALLY ACCOUNTING SOFTWARE
Double click on tally icon from the desktop.
STEP:2-CREATION OF COMPANY
Navigation: Company info menu . Create +
( Give Name, Address, Financial Year etc)
STEP:3 CREATION OF LEDGER
Path: Gateway of Tally . Accounts info . Ledger . Multiple Ledger . Create
Press Four times (Esc) and Accept YES to Save
Press (Esc) and Return to Gateway of Tally
STEP:4-ENTERING TRANSACTIONS INTO VOUCHER
Path: Gateway of Tally . Accounting Voucher
Date Particular L.F. Debit Credit
Realization A/c -------------------------------------Dr. 70,000
To. Debtors A/c 20,000
To. Furniture A/c 10,000
To. Machinery A/c 40,000
Creditor A/c ------------------------------------------Dr. 20,000
Loan A/c ---------------------------------------------Dr. 10,000
To. Realization A/c 30,000
Cash A/c ----------------------------------------------Dr.
To. Realization A/c
Realization A/c --------------------------------------Dr.
To. Cash A/c
45,000
30,000
45,000
30,000
N Capital A/c ----------------------------------------Dr. 12,500M Capital A/c --------------------------------------Dr. 12,500To. Realization A/c 25,000
M Capital A/c ---------------------------------------Dr. 17,500
N Capital A/c ----------------------------------------Dr. 7,500
To. Cash A/c 25,000
STEP:5-DISPLAY RESULT
Path: Gateway of Tally . Display . Accounts Book . Ledgers . Goodwill A/c
http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
PROBLEM: 19
STEP:1-ENTER INTO TALLY ACCOUNTING SOFTWARE
Double click on tally icon from the desktop.
STEP:2-CREATION OF COMPANY
Navigation: Company info menu . Create +
( Give Name, Address, Financial Year etc)
STEP:3CREATION OF GROUP:
Path: Gateway of Tally . Accounts info . Group . Single Group . Create
S.NO NAME OF GROUP UNDER GROUP
1
2
Current A/c
Good Will A/c
Capital A/c
Current Assets
STEP:4 CREATION OF LEDGER
Path: Gateway of Tally . Accounts info . Ledger . Multiple Ledger . Create
S.NO NAME OF LEDGER UNDER GROUP OPEMOMG BALANCE
Date Particular L.F. Debit Credit
(Receipt Voucher) i.e. F6
By. C s Capital A/c
To. Cash A/c
(Journal Voucher) i.e. F7
By. Goodwill A/c
To. A s Current A/c
To. B s Current A/c
20,000
15,000
20,000
9,000
6,000
1
2
3
4
5
6
7
8
A s Capital A/c
B s Capital A/c
C s Capital A/c
A s Current A/c
B s Current A/c
C s Current A/c
Good Will
Cash
Capital A/c
Capital A/c
Capital A/c

Current A/c
Current A/c
Current A/c
Good Will
Cash-in-hand
20,000 Cr.
15,000 Cr.
----35,000
Press Four times (Esc) and Accept YES to Save
Press (Esc) and Return to Gateway of Tally
STEP:5-ENTERING TRANSACTIONS INTO VOUCHER
Path: Gateway of Tally . Accounting Voucher
http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
(Journal Voucher) i.e. F7
By. A s Current A/c
By. B s Current A/c
By. C s Current A/c
To. Goodwill A/c
6,000
4,000
5,000
500
15,000
STEP:6-DISPLAY RESULT
Path: Gateway of Tally . Display . Accounts Book . Ledgers . Goodwill A/c
http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
PROBLEM: 20
STEP: 1-ENTER INTO TALLY ACCOUNTING SOFTWARE
Double click on tally icon from the desktop.
STEP: 2-CREATION OF COMPANY
Navigation: Company info menu . Create +
(Give Name, Address, Financial Year etc)
STEP: 3 CREATION OF GROUP:
Path: Gateway of Tally . Accounts info . Group . Single Group . Create
S.NO NAME OF GROUP UNDER GROUP
1
2
3
Current A/c
Good Will A/c
Reserve Fund A/c
Capital A/c
Current Assets
Reserve & Surplus
STEP:4 CREATION OF LEDGER
Path: Gateway of Tally . Accounts info . Ledger . Multiple Ledger . Create
S.NO NAME OF LEDGER UNDER GROUP OPEMOMG BALANCE
1
2
3
4
5
6
7
8
9
A s Capital A/c
B s Capital A/c
C s Capital A/c
Goodwill
Assets
A s Current A/c
B s Current A/c
C s Current A/c
Reserve Fund
Capital A/c
Capital A/c
Capital A/c
Good Will
Fixed Assets
Current A/c
Current A/c
Current A/c
Reserve Fund
8,000 Cr.

8,000 Cr.
2,500 Dr.
17,500 Dr.
--4,000
Press four times (Esc) and Accept YES to Save
Press (Esc) and Return to Gateway of Tally
STEP: 5-ENTERING TRANSACTIONS INTO VOUCHER
Path: Gateway of Tally . Accounting Voucher
Date Particular L.F. Debit Credit
(Receipt Voucher) i.e. F6
By. C s Capital A/c
To. Cash A/c
(Receipt Voucher) i.e. F6
By. Cash A/c
To. Goodwill A/c
8,000
2,000
8,000
2,000
http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
(Journal Voucher) i.e. F7
By. Goodwill A/c
To. A s Current A/c
To. B s Current A/c
(Journal Voucher) i.e. F7
By. Reserve Fund A/c
To. A s Current A/c
To. B s Current A/c
4,500
4,000
2,700
1,800
2,400
1,600
STEP:6-DISPLAY RESULT
Path: Gateway of Tally . Reports . Balance Sheet.
http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
PROBLEM: 21
STEP: 1-ENTER INTO TALLY ACCOUNTING SOFTWARE
Double click on tally icon from the desktop.
STEP: 2-CREATION OF COMPANY
Navigation: Company info menu . Create +
(Give Name, Address, Financial Year etc)
STEP: 3 CREATION OF GROUP:
Path: Gateway of Tally . Accounts info . Group . Multiple Group . Create
S.NO NAME OF GROUP UNDER GROUP
1
2
3
Current A/c
Good Will A/c
Reserve Fund A/c
Capital A/c
Current Assets
Reserve & Surplus
STEP:4 CREATION OF LEDGER
Path: Gateway of Tally . Accounts info . Ledger . Multiple Ledger . Create
S.NO NAME OF LEDGER UNDER GROUP OPEMOMG BALANCE
1
2
3
4
5
6
7
8
9
10
11
12
13
14
A s Capital A/c
B s Capital A/c
S. Creditors
Reserve
Machinery
Stock
Debtors
A s Current A/c
B s Current A/c
Goodwill
Bad Debts
Discount Reserve on Creditors

B s Loan A/c
Bank
Capital A/c
Capital A/c
S. Creditors
Reserve Fund
Fixed Assets
Current Assets
S. Debtors
Current A/c
Current A/c
Goodwill
S. Debtors
S. Creditors
Loan & Advances
Bank A/c
8,000 Cr.
8,000 Cr.
2,500 Dr.
17,500 Dr.
--4,000
---6,000 Dr.
Press four times (Esc) and Accept YES to Save
Press (Esc) and Return to Gateway of Tally
STEP: 5-GOTO ALTER AND ENTER
S.NO NAME OF LEDGER UNDER GROUP OPENING BALANCE
11 Cash Cash-in-hand 1,000 Dr.
http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
STEP: 6-ENTERING TRANSACTIONS INTO VOUCHER
Path: Gateway of Tally . Accounting Voucher
Date Particular L.F. Debit Credit
(Journal Voucher) i.e. F7
By. Goodwill A/c
To. A s Capital A/c
To. B s Capital A/c
By. Revaluation A/c
To. Machinery A/c
By. (stock) Revaluation A/c
To. Stock A/c
By. Bad Debts A/c
To. Debtors A/c
By. Revaluation A/c
To. Bad Debts
By. S. Creditors A/c
To. R. Discount Creditors A/c
By. R. Discount Creditors A/c
To. Revaluation A/c
By. A s Capital A/c
By. B s Capital A/c
To. Revaluation A/c
By. B,s Capital A/c
To. B s Loan A/c
By. Reserve Fund A/c
To. A s Capital A/c
To. B s Capital A/c
15,000
1,462.5
2,400
750
750
187.5
187.5
2,655
1,770
25,230
15,000
9,000
6,000
1,462.5
2,400
750
750
187.5
187.5
4,425
25,230
9,000
6,000
STEP:6-DISPLAY RESULT
Path: Gateway of Tally . Reports . Balance Sheet.
http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
PROBLEM: 22
STEP: 1-ENTER INTO TALLY ACCOUNTING SOFTWARE
Double click on tally icon from the desktop.
STEP: 2-CREATION OF COMPANY
Navigation: Company info menu . Create +
(Give Name, Address, Financial Year etc)
STEP:3 CREATION OF LEDGER
Path: Gateway of Tally . Accounts info . Ledger . Multiple Ledger . Create
S.NO NAME OF LEDGER UNDER GROUP
Date Particular L.F. Debit Credit
(F6 Receipt Voucher)
Bank A/c -----------------------------------------------Dr
To C s capital A/c
To Goodwill A/c
(F7 Journal Voucher)
Goodwill A/c ------------------------------------------Dr
To A s capital A/c
To B s capital A/c
(F5 Payment Voucher)
A s capital A/c ----------------------------------------Dr
B s capital A/c ----------------------------------------Dr
To Cash A/c
(F7 Journal Voucher)
Revaluation A/c --------------------------------------Dr
To Plant A/c
To Provision A/c
(F7 Journal Voucher)
44000
4000
2500
1500
5000
42500
40000
4000
1500
2500
4000
4000
1000
1
2
3
4
A s Capital A/c
B s Capital A/c
C s Capital A/c
Goodwill
Capital A/c
Capital A/c

Capital A/c
Good Will
Press four times (Esc) and Accept YES to Save
Press (Esc) and Return to Gateway of Tally
STEP: 4-ENTERING TRANSACTIONS INTO VOUCHER
Path: Gateway of Tally . Accounting Voucher
http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
Bank overdraft A/c ----------------------------------Dr 42500
To Revaluation A/c
(F7 Journal Voucher) 37500
Revaluation A/c --------------------------------------Dr 18750
To A s capital A/c 18750
To B s capital A/c
STEP:5-DISPLAY RESULT
Path: Gateway of Tally . Reports . Balance Sheet.
http://www.miteshk.webs.com

Press four times (Esc) and Accept YES to Save


Press (Esc) and Return to Gateway of Tally
STEP: 4-ENTERING TRANSACTIONS INTO VOUCHER
Path: Gateway of Tally . Accounting Voucher
Press four times (Esc) and Accept YES to Save
Press (Esc) and Return to Gateway of Tally
STEP: 4-ENTERING TRANSACTIONS INTO VOUCHER
Path: Gateway of Tally . Accounting Voucher
Computer Lab - Practical
ADVANCED ACCOUNTING
PROBLEM: 23
STEP: 1-ENTER INTO TALLY ACCOUNTING SOFTWARE
Double click on tally icon from the desktop.
STEP: 2-CREATION OF COMPANY
Navigation: Company info menu . Create +
(Give Name, Address, Financial Year etc)
STEP:3 CREATION OF LEDGER
Path: Gateway of Tally . Accounts info . Ledger . Multiple Ledger . Create
S.NO NAME OF LEDGER UNDER GROUP
1
2
3
4
A s Capital A/c
B s Capital A/c
C s Capital A/c
Goodwill
Capital A/c
Capital A/c
Capital A/c
Good Will
Date Particular L.F. Debit Credit
(F6 Receipt Voucher)
Bank A/c ----------------------------------------------Dr
To C s capital A/c
(F7 Journal Voucher)
Goodwill A/c -----------------------------------------Dr
To A s capital A/c
To B s capital A/c
(F7 Journal Voucher)
A s capital A/c ---------------------------------------Dr
B s capital A/c ---------------------------------------Dr
C s capital A/c ---------------------------------------Dr
To Goodwill A/c
20000
36000
15750
11250
9000
20000
21600

14400
36000
STEP:5-DISPLAY RESULT
Path: Gateway of Tally . Display . Account Books . Cash Book.
Gateway of Tally . Reports . Balance Sheet.
http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
PROBLEM: 24
STEP: 1-ENTER INTO TALLY ACCOUNTING SOFTWARE
Double click on tally icon from the desktop.
STEP: 2-CREATION OF COMPANY
Navigation: Company info menu . Create +
(Give Name, Address, Financial Year etc)
STEP:3 CREATION OF LEDGER
Path: Gateway of Tally . Accounts info . Ledger . Multiple Ledger . Create
Press four times (Esc) and Accept YES to Save
Press (Esc) and Return to Gateway of Tally
STEP: 4-ENTERING TRANSACTIONS INTO VOUCHER
Path: Gateway of Tally . Accounting Voucher
Date Particular L.F. Debit Credit
(Receipt Voucher) i.e. F6
Cash A/c ----------------------------------------------Dr.
To. Capital A/c
To. Goodwill A/c
(Journal Voucher) i.e. F7
Goodwill A/c ----------------------------------------Dr.
To. Pratap s A/c
(Journal Voucher) i.e. F7
Revaluation A/c -------------------------------------Dr.
To. Depreciation Stock A/c
To. Less Investment A/c
To. Depreciation Furniture A/c
To. Depreciation Lorry A/c
To. Depreciation Plant A/c
To. Provision A/c
(Journal Voucher) i.e. F7
Building A/c -----------------------------------------Dr.
To. Revaluation A/c
(Journal Voucher) i.e. F7
Revaluation A/c -------------------------------------Dr.
To. Pratap s Capital A/c
18,000
8,000
5,345
5,900
555
10,000
8,000
8,000
1,700
1,000
80

475
670
1,450
5,900
555
STEP:5-DISPLAY RESULT
Path: Gateway of Tally . Reports . Balance Sheet.
http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
PROBLEM: 25
STEP:1-ENTER INTO TALLY ACCOUNTING SOFTWARE
Double click on tally icon from the desktop.
STEP:2-CREATION OF COMPANY
Navigation: Company info menu . Create +
( Give Name, Address, Financial Year etc)
STEP:3 CREATION OF LEDGER
S.NO NAME OF LEDGER UNDER GROUP
1
2
3
4
A s capital A/c
B s capital A/c
C s capital A/c
Goodwill A/c
Capital A/cCapital A/cCapital A/cGoodwill A/c
Press Four times (Esc) and Accept YES to Save
Press (Esc) and Return to Gateway of Tally
STEP:4-ENTERING TRANSACTIONS INTO VOUCHER
Path: Gateway of Tally . Accounting Voucher
Path: Gateway of Tally . Accounts info . Ledger . Multiple Ledger . Create
Date Particular L.F. Debit Credit
(F7 Journal Voucher)
Goodwill A/c ---------------------------------------Dr
To A s capital A/c
To B s capital A/c
To C s capital A/c
(F7 Journal Voucher)
A s capital A/c --------------------------------------Dr
B s capital A/c --------------------------------------Dr
To Goodwill A/c
12000
7500
4500
6000
4000
2000
12000
STEP:5-DISPLAY RESULT
Path: Gateway of Tally . Reports . Display . Accounts Books . Cash Books
http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
PROBLEM: 26
STEP: 1-ENTER INTO TALLY ACCOUNTING SOFTWARE
Double click on tally icon from the desktop.
STEP: 2-CREATION OF COMPANY
Navigation: Company info menu . Create +
(Give Name, Address, Financial Year etc)
STEP:3 CREATION OF LEDGER
Path: Gateway of Tally . Accounts info . Ledger . Multiple Ledger . Create
S.NO NAME OF LEDGER UNDER GROUP
1
2
3
A s capital A/c
B s capital A/c
C s capital A/c
Capital
Capital
Capital
Press four times (Esc) and Accept YES to Save
Press (Esc) and Return to Gateway of Tally
STEP: 4-ENTERING TRANSACTIONS INTO VOUCHER
Path: Gateway of Tally . Accounting Voucher
Date Particular L.F. Debit Credit
(F7 Journal Voucher)
A s capital A/c ----------------------------------------Dr
B s capital A/c ----------------------------------------Dr
To C s capital A/c
750
450
1,200
STEP:6-DISPLAY RESULT
Path: Gateway of Tally . Display . Account Books . Cash Book.
Gateway of Tally . Reports . Balance Sheet.
http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
PROBLEM: 27
STEP: 1-ENTER INTO TALLY ACCOUNTING SOFTWARE
Double click on tally icon from the desktop.
STEP: 2-CREATION OF COMPANY
Navigation: Company info menu . Create +
(Give Name, Address, Financial Year etc)
STEP:3 CREATION OF LEDGER
Path: Gateway of Tally . Accounts info . Ledger . Multiple Ledger . Create
S.NO NAME OF LEDGER UNDER GROUP
1
2
3
A s capital A/c
B s capital A/c
C s capital A/c
Capital
Capital
Capital
Press four times (Esc) and Accept YES to Save
Press (Esc) and Return to Gateway of Tally
STEP: 4-ENTERING TRANSACTIONS INTO VOUCHER
Path: Gateway of Tally . Accounting Voucher
Date Particular L.F. Debit Credit
(F7 Journal Voucher)
A s capital A/c ---------------------------------------Dr
C s capital A/c ---------------------------------------Dr
To B s capital A/c
5,400
3,600
9,000
STEP:6-DISPLAY RESULT
Path: Gateway of Tally . Display . Account Books . Cash Book.
Gateway of Tally . Reports . Balance Sheet.
http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
PROBLEM: 28
STEP: 1-ENTER INTO TALLY ACCOUNTING SOFTWARE
Double click on tally icon from the desktop.
STEP: 2-CREATION OF COMPANY
Navigation: Company info menu . Create +
(Give Name, Address, Financial Year etc)
STEP:3 CREATION OF LEDGER
Path: Gateway of Tally . Accounts info . Ledger . Multiple Ledger . Create
S.NO NAME OF LEDGER UNDER GROUP OPEMOMG BALANCE
Press four times (Esc) and Accept YES to Save
Press (Esc) and Return to Gateway of Tally
STEP: 4-ENTERING TRANSACTIONS INTO VOUCHER
Path: Gateway of Tally . Accounting Voucher
Date Particular L.F. Debit Credit
(Receipt Voucher) i.e. F6
By. Branch Expenses A/c
To. Branch Cash A/c
(Journal Voucher) i.e. F7
By. Branch P & L A/c
To. Branch Stock A/c
(Contra Voucher) i.e. F4
By. Cash A/c
To. Bank A/c
(Receipt Voucher) i.e. F6
By. Branch Cash A/c
To. Branch Debtors A/c
6,000
2,000
4,500
22,000
6,000
2,000
4,500
22,000
1
2
3
4
5
6
7
8
9
Branch Stock A/c
Branch Debtor A/c
Branch P & L A/c
Branch Cash A/c
Goods sent to branch
Sales

Sales Return
Bank A/c
Branch Expenses
Current Assets
S. Debtors
Indirect Income
Cash-in-hand
Current Assets
Sales A/c
Sales A/c
Bank A/c
Indirect Expenses
10,000
14,000
400
----http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
(Journal Voucher) i.e. F7
By. Branch P & L A/c
To. P & L A/c
(Journal Voucher) i.e. F7
By. Branch P & L A/c
To. P & L A/c
(Journal Voucher) i.e. F7
By. Branch stock A/c
To. Goods sent to branch A/c
(Journal Voucher) i.e. F7
By. Goods sent to branch A/c
To. Branch stock A/c
(Receipt Voucher) i.e. F6
By. Branch Cash A/c
To. Sales A/c
(Journal Voucher) i.e. F7
By. Branch Debtors A/c
To. Sales A/c
(Journal Voucher) i.e. F7
By. Branch Expenses A/c
To. Branch A/c
(Receipt Voucher) i.e. F6
By. Branch stock A/c
To. Branch Debtors A/c
(Contra Voucher) i.e. F4
By. Bank A/c
To. Cash A/c
7,000
18,000
30,000
2,000
30,000
25,000
1,000
1,000
46,000
7,000
18,000
30,000
2,000
30,000
25,000
1,000
1,000
46,000
STEP:6-DISPLAY RESULT
Path: Gateway of Tally . Display . Account Books . Cash Book.
Gateway of Tally . Reports . Balance Sheet.
http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
PROBLEM: 29
STEP: 1-ENTER INTO TALLY ACCOUNTING SOFTWARE
Double click on tally icon from the desktop.
STEP: 2-CREATION OF COMPANY
Navigation: Company info menu . Create +
(Give Name, Address, Financial Year etc)
STEP:3-CREATION OF LEDGER
Press Four times (Esc) and Accept YES to Save
Press (Esc) and Return to Gateway of Tally
STEP: 4-ENTERING TRANSACTIONS INTO VOUCHER
Path: Gateway of Tally . Accounting Voucher
Date Particular L.F. Debit Credit
(f7 journal voucher)
Das s capital a/c-----Dr
To Bas s capital a/c
(f7 journal voucher)
Revaluation a/c-----Dr
To stock a/c
To provision a/c
(f6 receipt voucher)
Cash a/c-----Dr
To 9% loan a/c
(f5 payment voucher)
Bas s capital a/c----Dr
To cash a/c
(f7 journal voucher)
Loss a/c-----Dr
To Revaluation a/c
5,500
2,760
20,000
20,000
2,760
5,500
2,000
760
20,000
20,000
2,760
STEP:5-DISPLAY RESULT
Path: Gateway of Tally . Display . Account Books . Cash Book.
Gateway of Tally . Reports . Balance Sheet.
http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
PROBLEM: 31
STEP: 1-ENTER INTO TALLY ACCOUNTING SOFTWARE
Double click on tally icon from the desktop.
STEP: 2-CREATION OF COMPANY
Navigation: Company info menu . Create +
(Give Name, Address, Financial Year etc)
STEP:3 CREATION OF LEDGER
Path: Gateway of Tally . Accounts info . Ledger . Multiple Ledger . Create
Press four times (Esc) and Accept YES to Save
Press (Esc) and Return to Gateway of Tally
STEP: 4-ENTERING TRANSACTIONS INTO VOUCHER
Path: Gateway of Tally . Accounting Voucher
Date Particular L.F. Debit Credit
(Journal Voucher) i.e. F7
By. Realization A/c
To. Stock A/c
To. Debtor A/c
To. Furniture A/c
To. Plant & Machinery A/c
(Journal Voucher) i.e. F7
By. Creditors
By. Bills Payable
By. Provision for doubtful debts
56,900
11,200
1,800
1,400
17,800
13,800
2,800
22,500
14,400
S.NO NAME OF LEDGER UNDER GROUP OPEMOMG BALANCE
1
2
3
4
5
6
7
8
9
10
11
12
S. Creditor
Bills Payable

Kishore Loan
Reserve Fund
Kishore Capital
Nakul Capital
Cash
Stock
Debtors
Furniture
Realization A/c
Provision for doubtful debts
S. Creditors
Current Liability
Reserve
Capital
Capital
Cash-in-hand
Current Assets
S. Debtors
Fixed Assets
Suspense A/c
S. Debtors
11,200
1,800
5,000
6,000
15,000
20,000
3,500
17,800
12,400
22,500
-http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
To.. Revaluation A/c
(Journal Voucher) i.e. F7
By. Reserve Fund
To. Kishore Capital A/c
To. Nakul Capital A/c
(Receipt Voucher) i.e. F6
By. Cash
To.. Revaluation A/c
(Payment Voucher) i.e. F5
By. Realization A/c
To. Cash A/c
(Payment Voucher) i.e. F5
By. Realization A/c
To. Cash A/c
(Journal Voucher) i.e. F7
By. Kishore Capital A/c
By. Nakul Capital A/c
To.. Revaluation A/c
(Payment Voucher) i.e. F5
By. Kishore Loan A/c
To. Cash A/c
(Journal Voucher) i.e. F7
By. Kishore Capital A/c
By. Nakul Capital A/c
To. Cash A/c
6,000
49,600
12,776
544
3,110
3,110
5,000
14,980
19,890
3,000
3,000
49,600
12,776
544
6,220
5,000
34,870
STEP:6-DISPLAY RESULT
Path: Gateway of Tally . Display . Account Books . Cash Book.
Gateway of Tally . Reports . Balance Sheet.
http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
PROBLEM: 34
STEP: 1-ENTER INTO TALLY ACCOUNTING SOFTWARE
Double click on tally icon from the desktop.
STEP: 2-CREATION OF COMPANY
Navigation: Company info menu . Create +
(Give Name, Address, Financial Year etc)
STEP:3 CREATION OF LEDGER
Path: Gateway of Tally . Accounts info . Ledger . Multiple Ledger . Create
S.NO NAME OF LEDGER UNDER GROUP OPEMOMG BALANCE
1
2
3
4
5
6
7
Branch Stock A/c
Goods sent to branch A/c
Cash A/c
Bank A/c
Branch A/c
Stock Reserve A/c
P & L A/c
Current Assets
Current Assets
Cash-in-hand
Bank A/c
S. Debtors
Indirect Income
Indirect Income
1,25,000
1,20,000
----Press four times (Esc) and Accept YES to Save
Press (Esc) and Return to Gateway of Tally
STEP: 4-ENTERING TRANSACTIONS INTO VOUCHER
Path: Gateway of Tally . Accounting Voucher
Date Particular L.F. Debit Credit
(Journal Voucher) i.e. F7
By. Hyderabad Branch A/c
To. Goods sent to branch A/c
(Receipt Voucher) i.e. F6
By. Bank A/c
To. Hyderabad Branch A/c
(Journal Voucher) i.e. F7
By. Goods sent to branch A/c
To. Hyderabad A/c
(Journal Voucher) i.e. F7
By. Goods sent to branch A/c

To. Bank A/c


(Journal Voucher) i.e. F7
By. Stock Reserve A/c
4,00,000
4,55,000
25,000
1,45000
25,000
4,00,000
4,55,000
25,000
1,45,000
http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
To. Hyderabad A/c
(Journal Voucher) i.e. F7
By. Hyderabad Stock A/c
To. Stock Reserve A/c
(Journal Voucher) i.e. F7
By. Goods sent to branch A/c
To. Hyderabad Branch A/c
(Journal Voucher) i.e. F7
By. Hyderabad Branch A/c
To. P & L A/c
30,000
75,000
13,500
25,000
30,000
75,000
13,500
STEP:6-DISPLAY RESULT
Path: Gateway of Tally . Display . Account Books . Cash Book.
Gateway of Tally . Reports . Balance Sheet.
http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
PROBLEM: 35
STEP: 1-ENTER INTO TALLY ACCOUNTING SOFTWARE
Double click on tally icon from the desktop.
STEP: 2-CREATION OF COMPANY
Navigation: Company info menu . Create +
(Give Name, Address, Financial Year etc)
STEP:3 CREATION OF LEDGER
Path: Gateway of Tally . Accounts info . Ledger . Multiple Ledger . Create
S.NO NAME OF LEDGER UNDER GROUP OPEMOMG BALANCE
Press four times (Esc) and Accept YES to Save
Press (Esc) and Return to Gateway of Tally
STEP: 4-ENTERING TRANSACTIONS INTO VOUCHER
Path: Gateway of Tally . Accounting Voucher
Date Particular L.F. Debit Credit
(Journal Voucher) i.e. F7
By. Branch Stock A/c
To. Goods sent to branch A/c
(Receipt Voucher) i.e. F7
By. Branch Stock A/c
To. Branch Debtors A/c
(Receipt Voucher) i.e. F6
By. Bank A/c
To. Branch Stock A/c
(Journal Voucher) i.e. F7
3,00,000
6,000
90,000
3,00,000
6,000
90,000
1
2
3
4
5
6
7
8
9
10
11
12
Branch Stock A/c
Branch Debtor A/c
Branch Expense A/c
Branch Adjustment A/c
Branch P & L A/c
Bank A/c
Goods sent to branch A/c

Discount allowed A/c


Rent A/c
Salaries A/c
General Expenses A/c
Stock Reserve A/c
Current Assets
S. Debtors
Indirect Expenses
Indirect Expenses
Indirect Expenses
Bank A/c
Indirect Expenses
Indirect Expenses
Indirect Expenses
Indirect Expenses
Indirect Expenses
Reserve & Surplus
20,000
10,000
---------http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
By. Branch Debtors A/c 1,85,000
To. Branch Stock A/c
(Journal Voucher) i.e. F7
By. Branch Adjustment A/c
1,85,000
To. Branch Stock A/c 200
(Journal Voucher) i.e. F7 200
By. Branch P & L A/c
To. Branch A/c
(Receipt Voucher) i.e. F6
800
800
By. Bank A/c
To. Branch Debtor A/c
(Journal Voucher) i.e. F7
1,40,000
1,40,000
By. Discount A/c 5,000To. Branch A/c
(Payment Voucher) i.e. F5
5,000
By. Rent A/c 2,400
By. Salaries A/c 5,600
By. General Expenses A/c 2,000
To. Bank A/c
(Journal Voucher) i.e. F7
By. Branch P & L A/c
10,000
To. Branch Expenses A/c 15,000
(Journal Voucher) i.e. F7
By. Branch Expenses A/c
15,000
To. Rent A/c 15,000
To. Salaries A/c 2,400
To. General Expenses A/c 5,600
To. Discount A/c 2,000
(Journal Voucher) i.e. F7 5,000
By. Branch Adjustment A/c
To. Stock Reserve A/c
(Journal Voucher) i.e. F7
10,000
10,000
By. Goods sent to branch A/c
To. Branch Adjustment A/c
(Journal Voucher) i.e. F7
By. Branch Adjustment A/c
60,000
60,000
To. Branch P & L A/c 53,800
53,800
STEP:6-DISPLAY RESULT
Path: Gateway of Tally . Display . Account Books . Cash Book.
Gateway of Tally . Reports . Balance Sheet.
http://www.miteshk.webs.com

STEP:4 CREATION OF LEDGER


Path: Gateway of Tally . Accounts info . Ledger . Multiple Ledger . Create
Computer Lab - Practical
ADVANCED ACCOUNTING
PROBLEM: 42
STEP:1-ENTER INTO TALLY ACCOUNTING SOFTWARE
Double click on tally icon from the desktop.
STEP:2-CREATION OF COMPANY
Navigation: Company info menu . Create +
( Give Name, Address, Financial Year etc)
STEP:3CREATION OF GROUP:
Path: Gateway of Tally . Accounts info . Group . Single Group . Create
S.NO NAME OF GROUP UNDER GROUP
1
2
3
Current A/c
Good Will A/c
Revaluation A/c
Capital A/c
Current A/c
Reserve and Surplus
S.NO NAME OF LEDGER UNDER GROUP OPEMOMG BALANCE
1 S. Creditor S. Creditor 1000 Cr.
2 Bills Payable Current Liabilities 1000 Cr.
3 Reserve Fund Reserve & Surplus 400 Cr.
4 A s Capital Capital 1,500 Cr.
5 B s Capital Capital 1,000 Cr.
6 C s Capital Capital 1,500 Cr.
7 Debtors S. Debtors 1,400 Dr.
8 Stock Current Assets 400 Dr
9 Furniture Fixed Assets 1,000 Dr.
10 Machinery Fixed Assets 11 Doubtful Debts S. Debtors 12 Investment Investment 13 Good Will Good Will 14 A s Current Current 15 B s Current Current 16 C s Current Current 17 Revaluation Revaluation Press Four times (Esc) and Accept YES to Save
Press (Esc) and Return to Gateway of Tally
STEP:5-ENTERING TRANSACTIONS INTO VOUCHER
Path: Gateway of Tally . Accounting Voucher
http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
Date Particular L.F. Debit Credit
(Journal Voucher) i.e. F7
By. Revaluation A/c
To. Furniture A/c
(Journal Voucher) i.e. F7
By. Doubtful Debtors A/c
To. Debtors A/c
(Journal Voucher) i.e. F7
By. Investment A/c
To. Revaluation A/c
(Journal Voucher) i.e. F7
By. Revaluation A/c
To. Doubtful Debtors A/c
(Receipt Voucher) i.e. F6
By. Cash A/c
To. C s Capital A/c
(Journal Voucher) i.e. F7
By. Good Will A/c
To. A s A/c
To. B s A/c
( Journal Voucher) i.e. F7
By. A s Current A/c
By. B s Current A/c
To. Revaluation A/c
250
300
400
300
1,000
1,000
75
75
250
300
400
300
1,000
500
500
150
STEP:5-DISPLAY RESULT
Path: Gateway of Tally . Reports . Display . Accounts Books . Cash Books
http://www.miteshk.webs.com

Press (Esc) and Return to Gateway of Tally


Path: Gateway of Tally . Accounting Voucher
Date Particular L.F. Debit Credit
(F6 Receipt Voucher)
Bank A/c ----------------------------------------------Dr
To Share Application A/c
(F7 Journal Voucher)
Share Application A/c -------------------------------Dr
To Share Capital A/c
(F7 Journal Voucher)
Discount A/c ------------------------------------------Dr
Share Allotment A/c ----------------------------------Dr
To Share Capital A/c
(F6 Receipt Voucher)
Bank a/c ----------------------------------------------Dr
To Share allotment a/c
(F7 Journal Voucher)
Share 1st and final call A/c --------------------------Dr
To Share Capital A/c
20000
20000
10000
20000
20000
50000
20000
20000
30000
20000
Press (Esc) and Return to Gateway of Tally
Path: Gateway of Tally . Accounting Voucher
Date Particular L.F. Debit Credit
(F6 Receipt Voucher)
Bank A/c ----------------------------------------------Dr
To Share Application A/c
(F7 Journal Voucher)
Share Application A/c -------------------------------Dr
To Share Capital A/c
(F7 Journal Voucher)
Discount A/c ------------------------------------------Dr
Share Allotment A/c ----------------------------------Dr
To Share Capital A/c
(F6 Receipt Voucher)
Bank a/c ----------------------------------------------Dr
To Share allotment a/c
(F7 Journal Voucher)
Share 1st and final call A/c --------------------------Dr
To Share Capital A/c
20000
20000
10000
20000
20000
50000
20000
20000
30000
20000
Computer Lab - Practical

ADVANCED ACCOUNTING
PROBLEM: 43
STEP: 1-ENTER INTO TALLY ACCOUNTING SOFTWARE
Double click on tally icon from the desktop.
STEP: 2-CREATION OF COMPANY
Navigation: Company info menu . Create +
(Give Name, Address, Financial Year etc)
STEP:3 CREATION OF LEDGER
Path: Gateway of Tally . Accounts info . Ledger . Multiple Ledger . Create
S.NO NAME OF LEDGER UNDER GROUP
1
2
3
4
5
Share Application A/c
Share Allotment A/c
Share First Call A/c
Share Capital A/c
Call in Arrears
Share Capital A/c
Share Capital A/c
Share Capital A/c
Share Capital A/c
Share Capital A/c
Press four times (Esc) and Accept YES to Save
STEP: 4-ENTERING TRANSACTIONS INTO VOUCHER
http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
(F6 Receipt Voucher) 50000
Bank A/c -----------------------------------------------Dr
To Share 1st call A/c 49500
(F7 Journal Voucher) 49500
Share Capital A/c -------------------------------------Dr
To Share Forfeited A/c 1000
To Calls in Arrears A/c 500
500
STEP:6-DISPLAY RESULT
Path: Gateway of Tally . Display . Account Books . Cash Book.
Gateway of Tally . Reports . Balance Sheet.
http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
PROBLEM: 46
STEP: 1-ENTER INTO TALLY ACCOUNTING SOFTWARE
Double click on tally icon from the desktop.
STEP: 2-CREATION OF COMPANY
Navigation: Company info menu . Create +
(Give Name, Address, Financial Year etc)
STEP:3-CREATION OF LEDGER
Press Four times (Esc) and Accept YES to Save
Press (Esc) and Return to Gateway of Tally
STEP: 4-ENTERING TRANSACTIONS INTO VOUCHER
Path: Gateway of Tally . Accounting Voucher
Date Particular L.F. Debit Credit
(F6 Receipt Voucher)
Cash/Bank A/c --------------------------------------Dr
To Lime A/c
To Goodwill A/c
(F7 Journal Voucher)
Goodwill A/c ----------------------------------------Dr
To Brick A/c
To Sand A/c
To Cement A/c
(F5 Payment Voucher)
Brick A/c ---------------------------------------------Dr
Sand A/c ---------------------------------------------Dr
Cement A/c ------------------------------------------Dr
To Bank A/c
(F7 Journal Voucher)
Revaluation A/c--------------------------------------Dr
To dep. Furniture A/c
To dep. Stock A/c
To Provision bad depts. A/c
(F7 Journal Voucher)
Creditor A/c -----------------------------------------Dr
App. Building A/c --------------------------------- Dr
To Revaluation A/c
(F7 Journal Voucher)
General Reserve A/c --------------------------------Dr
27000
12000
3000
2000
1000
12500
2000
6000
29800

15000
12000
6000
4000
2000
6000
3000
4000
5500
8000
http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
To Brick A/c 14900
To Sand A/c 9933
To Cement A/c 4967
(F7 Journal Voucher)
Brick s capital A/c ----------------------------------Dr
Sand s capital A/c -----------------------------------Dr
Cement capital A/c ----------------------------------Dr
To Revaluation loss A/c
2250
1500
750
4500
STEP:5-DISPLAY RESULT
Path: Gateway of Tally . Display . Account Books . Cash Book.
Gateway of Tally . Reports . Balance Sheet.
http://www.miteshk.webs.com

Press (Esc) and Return to Gateway of Tally


Path: Gateway of Tally . Accounting Voucher
Date Particular L.F. Debit Credit
(Receipt Voucher) i.e. F6
By. Bank A/c
To. Share Application A/c
(Journal Voucher) i.e. F7
By. Share Application A/c
To. Share Capital A/c
(Journal Voucher) i.e. F7
By. Share Allotment A/c
To. Share Capital A/c
(Receipt Voucher) i.e. F6
By. Bank A/c
To. Share Allotment A/c
(Journal Voucher) i.e. F7
By. Share First/ Last call A/c
To. Share Capital A/c
(Receipt Voucher) i.e. F6
By. Bank A/c
20,000
20,000
30,000
30,000
50,000
20,000
20,000
30,000
30,000
50,000
Press (Esc) and Return to Gateway of Tally
Path: Gateway of Tally . Accounting Voucher
Date Particular L.F. Debit Credit
(Receipt Voucher) i.e. F6
By. Bank A/c
To. Share Application A/c
(Journal Voucher) i.e. F7
By. Share Application A/c
To. Share Capital A/c
(Journal Voucher) i.e. F7
By. Share Allotment A/c
To. Share Capital A/c
(Receipt Voucher) i.e. F6
By. Bank A/c
To. Share Allotment A/c
(Journal Voucher) i.e. F7
By. Share First/ Last call A/c
To. Share Capital A/c
(Receipt Voucher) i.e. F6
By. Bank A/c
20,000
20,000
30,000
30,000
50,000
20,000
20,000
30,000
30,000

50,000
Computer Lab - Practical
ADVANCED ACCOUNTING
PROBLEM: 50
STEP: 1-ENTER INTO TALLY ACCOUNTING SOFTWARE
Double click on tally icon from the desktop.
STEP: 2-CREATION OF COMPANY
Navigation: Company info menu . Create +
(Give Name, Address, Financial Year etc)
STEP:3 CREATION OF LEDGER
Path: Gateway of Tally . Accounts info . Ledger . Multiple Ledger . Create
S.NO NAME OF LEDGER UNDER GROUP
1
2
3
4
Share Capital
Share Application
Share Allotment
Share First/ Last call
Capital
Capital
Capital
Capital
Press four times (Esc) and Accept YES to Save
STEP: 4-ENTERING TRANSACTIONS INTO VOUCHER
http://www.miteshk.webs.com

Computer Lab - Practical


ADVANCED ACCOUNTING
To. Share First/ Last call A/c 50,000
50,000
STEP:6-DISPLAY RESULT
Path: Gateway of Tally . Display . Account Books . Cash Book.
Gateway of Tally . Reports . Balance Sheet.
KNOWLEDG IS POWER

http://www.miteshk.webs.com