TALLY

17-09-16
Marks:100
Create a company with your student code and todays date.

Time: 60Minutes

1. Started the business with cash Rs 35,00,000 on 01-04-2016

[5]
2. Bought machinery into capital Rs.15,00,000 on 01-04-2016
[5]
3. On 02-04-2016 taken loan from Muthoot finance Pvt. Ltd. Rs, 5, 00,000
[5]
4. Open a Bank account in Axis bank on 01-04-2016 Rs. 4,25,000
[5]
5. Sent Purchased order to M/S Karthik Electronics ltd On 01-04-2016 with
ref: ORD-001.
[10]
a. Mobile Case of 200pices @120 each
b. Compaq Earphone of 150 pieces @100 each
c. Pen Drive of 16GB of 40 pieces @ 200 each
d. HTC M9+ mobile phone of 10 pieces @ 28,000 each
e. Dell Laptop of 15 pieces @ 25,000 each
6. On 02-04-2016 the stock was received with ref challan CH/DE-001 and
stored at park street godown.
[4]
7. On 01-05-2016 Received a sales order from M/S Maha Lakshmi Industries
with ref: ORD/VI/001
[10]
a. HTC M9+ Mobile phone 5 pieces @35,000
b. Pen Drive of 16GB of 25 pieces @ 250 each
c. Mobile Case of 130 pieces @ 150 each
8. On 02-05-2016 the order was sent to M/s Maha Lakshmi Industries with
ref: CH-001 [4]
9. Invoice was sent from M/S Karthik Electronics Pvt. Ltd on 01-05-2016 with
ref: INV/DE-001 [4
10.
Invoice against the sale was sent to M/S Maha Lakshmi Industries
with ref: INV-001 on 02-05-2016
[4]
11.
On 31-05-2016 purchased goods from M/S Aditya Brothers with
ref: INV/AM-002 and stored at Park Street Godown
[6]
a. LG Bluetooth Stereo Head set of 200 pieces @ 500 each
b. Screen Guards of 1500 pieces @20 each
c. D-Link Wireless Routers of 200 pieces @ 800 each
d. Touch pen for Mobiles and Laptops of 200 pieces @ 400 each
12.
On 01-06-2016 the Goods Purchased from Karthik Electronics were
Transferred from Park Street Godown to Newyork Town Godown and the
transportation cost of 2%of the stock value and the cost is included in
stock price.
[8]

TALLY
17-09-16
Marks:100
Time: 60Minutes

13.

Goods were purchased in cash

[8]
a. Airtel Recharge vouchers of 500 pieces @50 each.
b. Mobile Flip Cover of 300 pieces @ 250each
c. Samsung S5 Mobiles of 15 pieces @ 30,000 each
14.
On 01-07-2016 Interest on Loan is paid through Cheque for the
Accrued Interest for 4 months Rs. 12,000.
[5+5]
15.

On 01-05-2016 Company
[12]
a. Advertisement Expenses
i. Newspaper
ii. Websites
iii. Hoardings
b. Telephone Bill Paid
i. 9849764432
ii. 8886321989
iii. 7658329819

Paid the Following Expenses

Rs.83000
48,000
28,000
7,000
Rs. 5800
2400
2300
1100