Fdocuments - in - Tally Financial Accounting Program Volume 1 PDF

5/28/2018 Ta lly Fina nc ia l Ac c ounting Progra m Volume 1 - slide pdf.c om
Level 1
o Nandini Kapur’s for the year 2004-05 are as follows. You are required to
 e!ord the transa!tions.
 "repare finan!ial state#ents.
April 2004
SL.NO DATE TRANSACTIONS

1$ 1-4-04 Nandini Kapur started %niversal &usiness 'olution (y (rin)in) in !ash of s. *+
00+000.
Ans.
,  e!eipt
/r. ash s. *00000
r . s. Kapur !apital a! 3!urrent assets$ s. *00000
2$ 2-4-04 s. Kapur paid s. 22+500 in !ash to pur!hase a !o#puter with preloaded
ally.2. he !o#puter does not have any disposal value are the end of its
useful life of four years. 6ll assets are to (e depre!iated usin) the strai)ht-line
#ethod.
Ans.
,5  "ay#ent
/r. o#puter 3,i7ed 6ssets$ s. 22500
r. ash s. 22500
*$ *-4-04 s. Kapur opened a (an8 a!!ount with 9/, &an8+ &an)alore for the fir# (y
depositin) !ash of s. 1+00+000
Ans.
,4  ontra
/r. 9/, &an8 3&an8 6!!ount$ s. 100000
r. ash s. 100000
4$ 4-4-04 s. Kapur had rented an offi!e spa!e for s. 2500 per on 6pril 1+ 2004 and has
now se!urity deposit of s. 25000 (y !heque.
Ans.
,5 pay#ent
/r. 'e!urity /eposit : offi!e 3/eposits 36ssets$$ s. 25000
r. 9/, &an8 s. 25000
5$ 5-4-04 s. Kapuir hired aya Nair as ana)er : operation on a #onthly salary of s.
500. 'he also hired ;i<ay Narayan as 6ssistant ana)er : #ar8etin) on a
#onthly salary of s. 4500
Ans.
NOTE : N= entry is required for transa!tion.
$ 10-4-04 s. Kapur #ade arran)e#ent with a< ravels so that at re)ular intervals she
will re!eive (ills for !a( hire !har)es and tour e7penses.
"a)e 1 of 2*
http://slide pdf.c om/re a de r/full/ta lly-ﬁna nc ia l-a c c ounting-progra m-volume -1 1/23

Level 1
Ans.
$ 15-4-04 s. Kapur issued !heques and pur!hased fi7ed assets.
1$ 6 !ell phone for offi!e usa)es for s. 000 3useful life 5 year$
2$ ,urniture for s. 20000 3useful life  year$
*$ 6n 6ir !onditioner for s. 20000 3useful life  year$
4$ >le!tri!al fittin)s for s. 15000 3useful life 10 year$
he assets do not have any disposal value at the end of their useful life.
Ans.
,5  "ay#ent
/r . ellular "hone 3,i7ed 6ssets$ s. 000
/r. ,urniture 3,i7ed 6ssets$ s. 20000
/r. 6ir !onditioner 3,i7ed 6ssets$ s. 20000
/r. >le!tri!al fittin)s 3,i7ed 6ssets$ s. 15000
r. 9/, &an8 s. 1000
?$ 1-4-04 s. Kapur o(tained a #o(ile phone su(s!ription with planet
ele!o##uni!ation ltd. (y payin) a deposits of s. *000 in !ash.
Ans.
,5  "ay#ent
/r. 'e!urity /eposite : "hone 3/eposit 36ssets$$ s. *000
r. ash s. *000
@$ 20-4-04 s. Kapur pur!hased stationery !onsu#a(les worth s. 12500 fro# Alo(al
9ouse on !redit.
,  Bournal
/r. 'tationery >7p. 3indire!t >7p.$ s. 12500
r. Alo(al 9ouse 3'undry reditors$ s. 12500
10$ 21-4-04 s. Kapur entered into a !onta!t with 'ilver 'ervi!es for providin) !onsultan!y
servi!es at an a)reed pri!e of s. 5000. 'he re!eived an advan!e of s.25000
(y !heque.
Ans.
reate su( : )roup : 6dvan!e fro# usto#ers 3under urrent Lia(ilities$
,  e!eipt
r. 6dvan!e onsultin) evenue 36dvan!e fro# usto#ers$ s. 25000
/r. 9/, &an8 s. 25000
11$ 2*-4-04 s. Kapur deposited s.50000 !ash in 9/, &an8.
Ans.
,4  ontra
r. ash s. 50000
/r. 9/, &an8 s. 50000
12$ 25-4-04 s. Kapur re!eived an invoi!e for s.000 raised (y Cn8 and paper pu(lishers
for printin) of offi!e stationery.
"a)e 2 of 2*

Level 1
Ans.
,  Bournal
/r. 'tationery >7p. s. 000
r. Cn8 D "aper "u(lisher 3'undry reditors$ s. 000
1*$ 2-4-04 s. Kapur withdrew s. 500 !ash for personal use.
Ans.
,5  "ay#ent
/r. Eithdrawals 3apital$ s. 500
r. ash s. 500
14$ *0-4-04 s. Kapur paid s. Cn !ash towards offi!e #aintenan!e !har)es for 6pril 2004.
Ans.
,5  "ay#ent
/r. =ffi!e aintenan!e >7p. 3Cndire!t >7p.$ 50
r. ash s. 50
May 2004

15$ 1-5-04 s. Kapur paid s. 000 in !ash to Cn8 D "aper pu(lishers.
Ans.
,5  pay#ent
/r . Cn8 and "u(lishers s. 000
r . !ash s. 000
1$ 5-5-04 s. Kapur paid s. 2500 (y !heque toward offi!e rent for 6pril 2004.
Ans.
,5  "ay#ent
/r. ent >7p. 3indire!t >7p.$ s. 2500
r. 9/, &an8 s. 2500
1$ -5-04 s. Kapur paid salaries throu)h !heque for 6pril 2004 325 /ays$ to
1. aya Nair : s. 500
2. ;i<ay Narayan : s. *@00
Ans.
,5  pay#ent
/r. salary >7p. s. 10400
r. 9/, &an8 s. 10400
1?$ -5-04 s. Kapur re!eive and paid #o(ile phone (ill a#ountin) to s. 1250 in !ash
for 6pril 2004.
Ans.
,5 pay#ent
/r. telephone >7p. 3Cndire!t >7p.$ s. 1250
"a)e * of 2*

Level 1
r. ash s. 1250

1@$ 10-5-04 s.8apur issued !heque of s. 12500 to Alo(al 9ouse
Ans.
,5  pay#ent
/r. Alo(al 9ouse s. 12500
r. 9/, &an8 '. 12500
20$ 12-5-04 s. Kapur paid s. 1100 in !ash towards ele!tri!ity !har)es for 6pril 2004.
Ans.
,5  pay#ent
/r. ele!tri!ity>7p. 3Cndire!t >7p.$ s. 1100
r. ash s. 1100
21$ 14-5- s. Kapur re!eived further advan!e of s. 25000 fro# 'ilver 'ervi!es (y
2004 !heque.
Ans.
,  e!eipt
r. 6dvan!e !onsultin) revenue s. 25000
/r. 9/, &an8 s. 25000
22$ 15-5-04 s. Kapur rei#(ursed !onveyan!e (ills a#ountin) to s. 50 in !ash to ;i<ay
Narayan
Ans.
,5  "ay#ent
/r. onveyan!e >7p. 3Cndire!t >7p.$ s. 50
r. ash s. 50
2*$ 1?-5-04 s.8apur paid s. 150 in !ash toward #is!ellaneous offi!e e7penses.
Ans.
,5  "ay#ent
/r. #is!ellaneous >7p. 3Cndire!t >7p.$ s. 150
r. ash s. 150
24$ 20-5-04 s.8apur re!eived s.15000 of !onsultin) revenue in !ash fro# =#e)a
Cnfote!h
Ans.
,  e!eipt
r. onsultin) evenue 3/ire!t Cn!o#e$ s. 15000
/r. ash s. 15000
25$ 25-5-04 s. Kapur raised an invoi!e for s. 5000 on 'ilver 'ervi!es after !o#pletion
of the servi!e. 'ilver 'ervi!es paid the (alan!e a#ount of s. 25000 in !ash
after dedu!tin) the advan!e paid.
Ans.
,  e!eipt
"a)e 4 of 2*

Level 1
r. onsultin) evenue s. 5000

/r. ash s. 25000
/r. 6dvan!e onsultin) evenue s. 50000
2$ 2?-5- s.8apur withdrew s. 000 !ash for personal use.
2004
Ans.
,5  pay#ent
/r. withdrawals s. 000
r. ash s. 000
June 2004

2$ *--04 s. Kapur paid s. 2500 in !ash toward offi!e rent for ay 2004.
Ans.
,5  pay#ent
/r. ent >7p. s. 2500
r. ash s. 2500
2?$ 4--04 s. Kapur paid salaries (y !heque for ay 2004.
Ans.
,5  "ay#ent
/r. 'alary >7p. s. 12000
r. 9/, &an8 s. 12000
2@$ 5--04 s. Kapur re!eived an invoi!e for s. 5500 fro# a< ravels. his in!ludes s.
2*00 toward !a( hirin) !har)es and s. *200 towards outstation tours
underta8en (y her.
Ans.
,  Bournal
/r. !a( hirin) >7p. 3Cndire!t >7p.$ s. 2*00
/r. tour >7p. 3Cndire!t >7p.$ s. *200
r. a< ravels 3'undry reditors$ s. 5500
*0$ @--04 s.8pur re!eived s. *5000 !ash as !onsultin) revenue fro# >ateries ,ood
hain.
Ans.
,  e!eipt
r. onsultin) evenue s. *5000
/r. 9/, &an8 s. *5000
*1$ 10--04 s. Kapur deposited s. *0000 !ash in 9/, &an8.
Ans.
,4  ontra
"a)e 5 of 2*

Level 1
r. ash s. *0000

/r. 9/, &an8 s. *0000
*2$ 15--04 s. Kapur paid #o(ile phone (ill a#ountin) to s. 1*50 (y !heque for ay
2004.
Ans.
,5  "ay#ent
/r. elephone >7p. s. 1*50
r. 9/, &an8 s. 1*50
**$ 1--04 s. Kapur rei#(ursed !onveyan!e (ills a#ountin) to s. 50 in !ash to ;i<ay
Narayan.
Ans.
,5  "ay#ent
/r. onveyan!e >7p. s. 50
r. ash s. 50
*4$ 20--04 s. Kapur paid s.. 1250 in !ash toward ele!tri!ity (ill !har)es for ay 2004.
Ans.
,5  "ay#ent
/r. >le!tri!ity >7p. s. 1250
r. ash s. 1250
*5$ 21--04 s. Kapur paid s. 50 in !ash toward offi!e #aintenan!e !har)es for ay
2004.
,5  "ay#ent
/r. =ffi!e aintenan!e >7p. s. 50
r. ash s. 50
*$ 2*--04 s. Kapur paid s. *000 in !ash as salary advan!e to aya Nair.
Ans.
,5  "ay#ent
/r. 'alary 6dvan!e 3Loans D 6dvan!e FassetsG$. s. *000
r. ash *000
*$ 2--04 s. Kapur withdrew s. 000 !ash for personal use.
Ans.
,5  "ay#ent
/r. withdrawals s. 000
r. ash s. 000
July 2004

*?$ *--04 s. Kapur raised an invoi!e for s. 5000 on 6lfate!h 'olutions for servi!es
provided.
"a)e  of 2*

Level 1
Ans.
,  Bournal
/r. 6lfate!h 'olutions 3'undry /e(tors$ s. 5000
r. onsultin) evenue s. 5000
*@$ 5--04 s. Kapur su(s!ri(ed for the Hana)e#ent onsultant’ <ournal (y payin) s.
2400 (y !heque. he su(s!ription period is fro# Buly 2004 to Bune 200.
Ans.
,5  "ay#ent
/r. "repaid Bournal 'u(s!ription 3urrent 6ssets$ s. 2400
r. 9/, &an8 s. 2400
40$ --04 s. Kapur paid salaries for Bune 2004 (y !heque. 'alary advan!e paid to #aya
nair is ad<ust the salary paid.
Ans.
,5  "ay#ent
/r. 'alary >7. s. 12000
r. 'alary 6dvan!e s. *000
r. 9/, &an8 s. @000
41$ 10--04 s. Kapur paid offi!e rent (y !heque for Bune 2004.
Ans.
,5 pay#ent
/r. ent >7p. s. 2500
r. 9/, &an8 s. 2500
42$ 15--04 s. Kapur re!eived s. *5000 (y !heque fro# 6lfate!h 'olutions.
Ans.
,  e!eipt
r. 6lfate!h 'olutions s. *5000
/r. 9/, &an8 s. *5000
4*$ 1?--04 s. Kapur paid s. 50 in !ash toward offi!e #aintenan!e !har)es for Bune
2004.
Ans.
,5  "ay#ent
r. ash s. 50
44$ 1@--04 s. Kapur paid s. ?50 in !ash toward ele!tri!ity !har)es for Bune 2004
Ans.
,5  "ay#ent
/r. >le!tri!ity >7p. s. ?50
r. ash s. ?50
45 20--04 s. Kapur paid s. 150 (y !heque as #o(ile phone (ill !har)es for Bune 2004.
"a)e  of 2*

Level 1
Ans.
,5  "ay#ent
/r. elephone >7p. s. 150
r. 9/, &an8 s. 150
4 25--04 s. Kapur rei#(ursed !onveyan!e (ills for s. 550 in !ash to ;i<ay Narayan.
Ans.
,5  "ay#ent
/r. onveyan!e >7p. s. 550
r. ash s. 550
4 2?--04 s. Kapur withdrew s. 500 !ash for personal use.
Ans.
,5  "ay#ent
/r. Eithdrawals s. 500
r. ash s. 500
August 2004

4? 1-?-04 s. Kapur paid (y !heque s. 000 for insuran!e of fi7ed assets. he period of
insuran!e is fro# 6u)ust 1+ 2004 to Buly *1+ 2005.
Ans.
,5  "ay#ent
/r. "repaid Cnsuran!e 3urrent 6ssets$ s. 000
r. 9/, &an8 s. 000
4@ 2-?-04 s. Kaspur re!eived s. *0000 in !ash as !onsultin) revenue fro# EorldI
ulti#edia.
Ans.
,  e!eipt
r. onsultin) evenue s. *0000
/r. ash s. *0000
50$ 5-?-04 s. Kapur paid salaries for Buly 2004 (y !heque.
Ans.
,5  "ay#ent
/r. 'alary >7p. s. 12000
r. 9/, &an8 12000
51$ 10-?-04 s. Kapur paid offi!e rent for Bauly 2004 (y !heque.
Ans.
,5 pay#ent
/r. ent >7p. s. 2500
r. 9/, &an8 s. 2500
"a)e ? of 2*

Level 1
52$ 12-?-04 s. Kapur withdrew s. 25000 !ash fro 9/, &an8.
Ans.
,4  ontra
r. 9/, &an8 s. 25000
/r. ash s. 25000
5*$ 14-?-04 s. Kapur pasid /s. 50 in !ash toward offi!e #aintenan!e !har)es for BuJy
2004.
Ans.
,5 "ay#ent
r. ash s. 50
54$ 1-?-04 s. Kapur raised an invoi!e for s. 50000 on ediaLive "rodu!tions for
servi!es provided. he ter#s of !redit are *0 days.
Ans.
,  Bournal
/r. ediaLive "rodu!tions 3'undry /e(tors$ s. 50000
r. onsultin) evenue s. 50000
55 1?-?-04 s. Kapur paid s. @50 in !ash towards ele!tri!ity for Buly 2004.
Ans.
,5  "ay#ent
/r. >le!tri!ity >7p. s. @50
r. ash s. @50
5 20-?-04 s. Kapur paid s. 2100 (y !heque towards #o(ile phone (ill !har)es for Buly
2004+.
Ans.
,5  "ay#ent
/r. elephone >7p.
9/, &an8 s. 2100
5 21-?-04 ediaLive "rodu!tions settled the (ill for a final a#ount of s. 4?000 (y
payin) s. 20000 in !ash D s. 2?000 (y !heque.
Ans.
,  e!eipt
r. ediaLive "rodu!tions s. 50000
/r. ash s. 20000
/r. 9/, &an8 s. 2?000
/r. /is!ount >7p. 2000
5? 2-?-04 s. Kapur withdrew s. 000 !ash for personal use.
Ans.
,5  "ay#ent
"a)e @ of 2*

Level 1
/r. withdrawals s. 000

r. ash s. 000
5@ 2?-?-04 s. Kapur re!eived s. *0000 (y !heque fro# 6lfate!h 'olu!tions.
Ans.
,  e!eipt
r. 6lfate!h 'olu!tion s. *0000
/r. 9/, &an8 s. *0000
0 2@-?-04 s. Kapur rei#(ursed !onveyan!e (ills a#ountin) to s. 1200 in !ash to ;i<ay
Narayan
Ans.
,5  "ay#ent
/r. onveyan!e >7p. s. 1200
r. ash s. 1200
Serpte!er 2004
1 2-@-04 s. Kapur paid s. *?00 in !ash dor repairs and #aintenan!e of offi!e
pre#ises.
Ans.
,5  pay#ent
/r. repair D #aintenan!e >7p. 3Cndire!t >7p.$ s. *?00
r. ash s. *?00
2 5-@-04 s. Kapuir paid salaries for 6u)ust 2004 (y !heque. 'in!e aya Nair was on
leave for 15 days. 'he was paid one half- #onth’s salary.
Ans.
,5  "ay#ent
/r. salary >7p. ?250
r. 9/, &an8 s. ?250
* ?-@-04 s. Kapur paid offi!e rent for au)ust 2004 (y !heque.
Ans.
,5  pay#ent
/r. ent >7p. s. 2500
r. 9/, &an8 s. 2500
4 @-@-04 s. Kapur re!eived invoi!e for s. 00 fro# a< ravels. his in!ludes s.
*150 towards !a( hirin) !har)es D s. 4450 toward outstand tours underta8en
(y her.
Ans.
,  Bournal
/r. a( hirin) >7p. *150
"a)e 10 of 2*

Level 1
/r. our >7p. 4450

r. a< ravels s. 00
5 12-@-04 s. s. Kapur paid s. 50 in !ash toward offi!e #aintenan!e !har)es for
6u)ust 2004
Ans.
,5  "ya#ent
r. ash s. 50
 15-@-04 s. Kapur re!eived s. 25000 in !ash as !onsultin) revenue fro# a# D ut
"rodu!tions.
Ans.
,5  "ay#ent
r. onsultin) revenue s. 25000
/r. ash s. 25000
 1-@-04 s. Kapur paid s. 1*00 in !ash toward ele!tri!ity !har)es for 6u)ust 2004.
Ans.
,5  "ay#ent
/r. >le!tri!ity >7p. s. 1*00
r. ash s. 1*00
? 20-@-04 s. Kapur rei#(ursed !onveyan!e (ills a#ountin) to s. 500 in !ash to vi<ay
Narayan
Ans.
,5  "ay#ent
/r. !onveyan!e >7p. s. 500
r. ash s. 500
@ 2*-@-04 s. Kapur paid s. 10000 (y !heque for a< ravels.
Ans.
,5  "ay#ent
/r. a< ravels s. 10000
r. 9/, &an8 s.10000
0 24-@-04 s. Kapur paid s. 150 (y !heque toward #o(ile phone (ill !har)es for
6u)ust 2004.
Ans.
,5  "ay#ent
/r. elephone >7p. s. 150
r. 9/, &an8 s. 150
1 2?-@-04 s. Kapur withdrew s. 5500 !ash for personal use.
Ans.
,5  "ay#ent
"a)e 11 of 2*

Level 1
/r. Eithdrawals s. 5500

r. ash s. 5500
O"t#!er 2004

2 *-10-04 s. Kapur re!eived s. 50000 (y !heque as !onsultin) revenue fro# I!eed
Cnternational ouries.
Ans.
,  e!eipt
r. onsultin) revenue s. 50000
/r. 9/, &an8 s. 50000
* 5-10-04 s. Kapur paid offi!e rent for 'epte#(er 2004 (y !heque.
Ans.
,5  "ay#ent
/r. ent >7p. 2500
r. 9/, &an8 >7p. 2500
4 -10-04 s. Kapur withdrew s. *0000 !ash fro# 9/, &an8.
Ans.
,4  ontra
/r. 9/, &an8 3&an8 6!!ount$ s. *0000
r. ash s. *0000
5 ?-10-04 s. Kapur paid salaries for 'epte#(er 2004 (y !heque.
Ans.
,5 pay#ent
/r. 'alary >7p. >7p. s. 12000
r. 9/, &an8 12000
 10-10- s. Kapur paid s. 50 in !ash toward offi!e #aintenan!e !har)es for
04 'epte#(er 2004.
Ans.
,5  "ay#ent
/r. =ffi! aintenan!e >7p. 50
r. ash s. 50
 12-10- s. Kapur pur!hased stationery ite#s worth s. 100 in !ash.
04
Ans.
,5  "ay#ent
/r. 'tationery >7p. s. 100
r. ash s. 100
? 15-10- s. Kapur re!eived s. 15000 in !ash as !onsultin) revenue fro# 'a#aritan
04 "rodu!ts.
"a)e 12 of 2*

Level 1
Ans.
,  e!eipt
r. onsultin) evenue s. 15000
/r. ash s. 15000
@ 1?-10- s. Kapur paid s. 100 in !ash toward ele!tri!ity !har)es for 'epte#(er 2004
04
Ans.
,5  "ay#ent
/r. >le!tri!ity >7p. 100
r. ash s. 100
?0 20-10- s. Kapur paid s. 2*00 (y !heque toward #o(ile phone (ill !har)es for
04 'epte#(er 2004.
Ans.
,5  "ay#ent
/r. elephone >7p. s. 2*00
r. 9/, &an8 s. 2*00
?1 2*-10- s. Kapur introdu!ed further !apital into the fir# (y (rin)in) in !ash of s.
04 100000
Ans.
,  e!eipt
r. s. Kapur !apital s. 100000
/r. ash s. 100000
?2 24-10- s. Kapur deposited !ash a#ountin) s. 5000 in 9/, &an8.
04
Ans.
,4  ontra
r. ash s. 5000
/r. 9/, &an8 s. 5000
?* 2-10- s. Kapur rei#(ursed !onveyan!e (ills a#oiuntin) to s. 100 in !ash to
04 ;i<ay Narayan.
Ans.
,5  "ay#ent
/r. !onveyan!e >7p. s. 100
r. ash s. 100
?4 2?-10- s. Kapur entered into a !onta!t with "lanet onsultan!y for providin)
04 servi!es at an a)reed pri!e of s. 10000 was re!eived (y !heque.
Ans.
,  e!eipt
r. 6dvan!e onsultin) evenue s. 10000
/r. 9/, &an8 10000
"a)e 1* of 2*

Level 1
N#$e!er 2004

?5 1-11-04 s. Kapur withdrew s. ?000 !ash for personal use.
Ans.
,  e!eipt
/r . ash s. *00000
? 2-11-04 s. Kapur re!eived an invoi!e for s. 200 fro# a< ravels. he in!ludes s.
2?00 toward !a( hirin) !har)es and s. 4400 toward outstation tours
underta8en (y her.
Ans.
,5  "ay#ent
r. ash s. 22500
? 5-11-04 s. Kapur paid salaries for =!to(er 2004 (y !heque.
Ans.
,4  ontra
/r. 9/, &an8 3&an8 6!!ount$ s. 100000
r. ash s. 100000
?? ?-11-04 s. Kapur paid s. 50 in !ash toward offi!e #aintenan!e !har)es for =!to(er
2004.
Ans.
,5 pay#ent
r. 9/, &an8 s. 25000
?@ 10-11- s. Kapur re!eived s. 2500 (y !heque as !onsultin) revenue fro# rishul
04 'oftware 'olutions.
Ans.
@0 12-11- s. Kapur paid offi!e rent for =!to(er 2004 (y !heque.
04
Ans.
@1 15-11- "lanet onsultan!y ter#inated the !ontra!t and advan!e of s. 10000 was
04 refunded to the# (y !heque.
Ans.
,5  "ay#ent
"a)e 14 of 2*

Level 1

r. 9/, &an8 s. 1000
@2 20-11- 9/, &an8 inti#ated to s. Kapur that the !heque of rishul 'oftware
04 'olutions for s. 2500 has (oun!ed. Cnti#ation to this effe!t was sent to
rishul 'oftware 'olution and they pro#ised to pay the a#ount in few days.
Ans.
,5  "ay#ent
r. ash s. *000
@* 21-11- s. Kapur paid s. @50 in !ash towards ele!tri!ity (ill !har)es for =!to(er
04 2004.
,  Bournal
@4 2*-11- s. Kapur re!eived s. 12500 in !ash fro# rishul 'oftware 'olutions.
04
Ans.
,  e!eipt
/r. 9/, &an8 s. 25000
@5 25-11- s. Kapur paid s. 140 (y !heque towards #o(ile phone (ill !har)es for
04 =!to(er 2004.
@ 2-11- s. Kapur rei#(ursed !onveyan!e (ills a#ountin) to s. @00 in !ash to ;i<ay
04 Narayan.
@ *0-11- s. Kapur withdrew s. 500 !ash for personal use.
04
De"e!er 2004

@? *-12-04 he state#ent re!eive fro# 9/, &an8 shows that the (an8 has !har)ed s.
550 as !heque (oun!in) !har)es are to (e re!overed fro# rishul 'otware
'olutions.
Ans.
,  e!eipt
/r . ash s. *00000
@@ 5-12-04 s. Kapur paid offi!e rent for Nove#(er 2004 (y !heque.
Ans.
,5  "ay#ent
"a)e 15 of 2*

Level 1
r. ash s. 22500

100 -12-04 s. Kapur paid salaries for Nove#(er 2004 (y !heque+.
Ans.
,4  ontra
/r. 9/, &an8 3&an8 6!!ount$ s. 100000
r. ash s. 100000
101 ?-12-04 s. Kapur re!eived invoi!e fro# a< ravels for s. 200. his in!ludes s.
*000 toward !a( hirin) !har)es and s. *200 towards outstand tours underta8en
(y her.
Ans.
,5 pay#ent
r. 9/, &an8 s. 25000
102 @-12-04 s. Kapur re!eived s. 50000 (y !heque as !onsultin) revenue fro# %ni)rand
e!hnlo)ies.
Ans.
10* 20-12- s. Kapur withdrew s. *0000 !ash fro# 9/, &an8
04
Ans.
104 11-12- s. Kapur paid s. 50 in !ash toward offi!e #aintenan!e !har)es for
04 Nove#(er 2004.
Ans.
,5  "ay#ent
r. 9/, &an8 s. 1000
105 15-12- s. Kapur pur!hased s. 12000 worth offi!e equip#ents on !redit fro#
04 ransfor# e!h "vt. Ltd. he assets does not have any disposal value after its
useful life of  year.
Ans.
,5  "ay#ent
r. ash s. *000
10 1-12- s. Kapur paid s. 1450 (y !heque towards #o(ile phone (ill !har)es for
04 Nove#(er 2004.
,  Bournal
"a)e 1 of 2*

Level 1

10 1?-12- s. Kapur paid s. ?50 in !ash towards ele!tri!ity (ill !har)es for Nove#(er
04 2004.
Ans.
,  e!eipt
/r. 9/, &an8 s. 25000
10? 20-12- s. Kapur rei#(ursed !onveyan!e (ills a#ountin) to s. 1100 in !ash to ;i<ay
04 Narayan
10@ 2*-12- s. Kapur paid s. 12000 (y !heque to ransfor# e!h "vt. Ltd.
04
110 24-12- s. Kapur raised invoi!e for s. 42500 on CnAroove /esi)ners for !onsultan!y
04 servi!es.
111 25-12- s. Kapur re!eived s. 15550 in !ash fro# rishul 'oftware solutions.
04
112 2?-12- s. Kapur withdrew s. 000 !ash for personal use.
04
11* *0-12- s. Kapur paid s. 500 (y !heque towards professional !har)es for internal
04 audit of a!!ounts.
January 200%

114 *-1-05 s. Kapur paid offi!e rent for /e!e#(er 2004 (y !heque.
Ans.
,  e!eipt
/r . ash s. *00000
115 5-1-05 s. Kapur re!eived s. *0000 in !ash fro# CnAroove /esi)ners.
Ans.
,5  "ay#ent
r. ash s. 22500
11 -1-05 s. Kapur paid salaries for /e!e#(er 2004 (y !heque.
Ans.
,4  ontra
/r. 9/, &an8 3&an8 6!!ount$ s. 100000
r. ash s. 100000
11 10-1-05 s. Kapur paid s. 50 in !ash toward offi!e #aintenan!e !har)es for
/e!e#(er 2004.
"a)e 1 of 2*

Level 1
Ans.
,5 pay#ent
r. 9/, &an8 s. 25000
11? 12-1-05 s. Kapur re!eived s. *5000 (y !heque as !onsultin) revenue fro# 6la arte
Cnvest#ents.
Ans.
11@ 15-1-05 s. Kapur withdrew s. 50000 !apital fro# the fir# (y !heque.
Ans.
120 1?-1-05 s. Kapur paid s. 2*00 (y !heque as #o(ile phone (ill !har)es for /e!e#(er
2004.
Ans.
,5  "ay#ent
r. 9/, &an8 s. 1000
121 20-1-05 s. Kapur paid s. 1050 in !ash toward ele!tri!ity !har)es for /e!e#(er 2004.
Ans.
,5  "ay#ent
r. ash s. *000
122 2*-1-05 s. Kapur rei#(ursed !onveyan!e (ills a#ountin) to s. 1?00 in !ash to ;i<ay
Narayan.
,  Bournal
12* *0-1-05 s. Kapur withdrew s. ?000 !ash for personal use.
Ans.
,  e!eipt
/r. 9/, &an8 s. 25000
&e!ruary 200%
"a)e 1? of 2*

Level 1
124 5-2-05 s. Kapur paid offi!e rent for Banuary 2005 (y !heque.
Ans.
,  e!eipt
/r . ash s. *00000
125 -2-05 s. Kapuir paid salaries for Banuary 2005 (y !heque.
Ans.
,5  "ay#ent
r. ash s. 22500
12 10-2-05 s. Kapur re!eived invoi!e fro# a< ravels for s. @400. his in!ludes s.
*?00 toward !a( hirin) !har)es and s. 500 toward outstation tours
underta8en (y her.
Ans.
,4  ontra
/r. 9/, &an8 3&an8 6!!ount$ s. 100000
r. ash s. 100000
12 11-2-05 s. Kapur paid s. 20000 (y !heque to a< ravels.
Ans.
,5 pay#ent
r. 9/, &an8 s. 25000
12? 12-2-05 s. Kapur paid s. 50 in !ash toward offi!e #aintenan!e !har)es for Baunary
2005.
Ans.
12@ 15-2-05 s. Kapur paid s. 100 (y !heque toward #o(ile phone (ill !har)es for
Banuary 2005.
Ans.
1*0 1?-2-05 s. Kapur paid s. 1200 in !ash toward ele!tri!ity (ill for Banuary 2005.
Ans.
,5  "ay#ent
r. 9/, &an8 s. 1000
1*1 20-2-05 s. Kapur rei#(ursed !onveyan!e (ills a#ountin) to s. 1150 in 2005.
"a)e 1@ of 2*

Level 1
Ans.
,5  "ay#ent
r. ash s. *000
1*2 24-2-05 s. Kapur pur!hased stationery !onsu#a(les worth s. 400 on !redit fro#
Alo(al 9ouse.
1** 2?-2-05 s. Kapur withdrew s. 000 !ash for personal use.
Ans.
,  e!eipt
/r. 9/, &an8 s. 25000
Mar"' 200%

1*4 *-*-05 s. Kapur paid salaries (y !heque for ,(ruary 2005.
Ans.
,  e!eipt
/r . ash s. *00000
1*5 5-*-05 s. Kapur paid offi!e rent for ,e(ruary 2005 (y !heque.
Ans.
,5  "ay#ent
r. ash s. 22500
1* ?-*-05 s. Kapur paid s. 50 in !ash toward offi!e #aintenan!e !har)es for ,e(ruary
2005
Ans.
,4  ontra
/r. 9/, &an8 3&an8 6!!ount$ s. 100000
r. ash s. 100000
1* 10-*-05 s. Kapur re!eived s. *0000 in !ash as !onsultin) revenue fro# >ye
elevision Networ8.
Ans.
,5 pay#ent
r. 9/, &an8 s. 25000
1*? 12-*-05 s. Kapur paid s. 1450 in !ash toward ele!tri!ity (ill for ,e(ruary 2005.
"a)e 20 of 2*

Level 1
Ans.
1*@ 15-*-05 s. Kapur paid s. 1@00 (y !heque toward #o(ile phone (ill !har)es for
,e(ruary 2005
Ans.
140 1?-*-05 s. Kapur rei#(ursed !onveyan!e (ills a#ountin) to s. @50 in !ash to ;i<ay
Narayan
Ans.
,5  "ay#ent
r. 9/, &an8 s. 1000
141 20-*-05 Cnvoi!e re!eived fro# Alo(al 9ouse on 24th of ,e(ruary 2005 had a totalin)
error and was overvalued (y s. 00.
Ans.
,5  "ay#ent
r. ash s. *000
142 21-*-05 s. Kapur paid s. ?00 (y !heque to Alo(al 9ouse.
,  Bournal
142 21-*-05 s. Kapur withdrew s. 500 !ash for personal use.
Ans.
,  e!eipt
/r. 9/, &an8 s. 25000
(r#$isi#n Entries
144 1-4-05 s. K8apur re!eived s. 20000 !ash as !onsultin) revenue fro# ,ore
ar8etin) 'olutions. he servi!es had already (een provided in #ar!h 2005.
Ans.
,  e!eipt
/r . ash s. *00000
145 2-4-05 s. Kaur paid offi!e rent for ar!h 2005 (y !heque.
"a)e 21 of 2*

Level 1
Ans.
,5  "ay#ent
r. ash s. 22500
14 5-4-05 s. Kapur paid salaries (y !heque for ar!h 2005
Ans.
,4  ontra
/r. 9/, &an8 3&an8 6!!ount$ s. 100000
r. ash s. 100000
14 -4-05 s. Kapur paid s. 50 in !ash toward offi!e #aintenan!e !har)es for ar!h
2005
Ans.
,5 pay#ent
r. 9/, &an8 s. 25000
14? 12-4-05 s. Kapurpaid s. 1@0 (y !heque toward #o(ile phone (ill !har)es for ar!h
2005
Ans.
14@ 15-4-05 s. Kapur rei#(ursed !onveyan!e (ills a#ountin) to s. 1*00 in !ash to ;i<ay
Narayan. he (ills pertain to ar!h 2005.
Ans.
150 1?-4-05 s. Kapur re!eived invoi!e fro# a< ravels for s. 00. his in!ludes s.
2@00 toward !a( hirin) !har)es and s. *00 towards outstation tours
underta8en (y her. he (ill pertains for ,e(ruary 2005 and ar!h 2005.
Ans.
,5  "ay#ent
r. 9/, &an8 s. 1000
151 20-4-05 s. Kapur paid s. ?0 in !ash toward ele!tri!ity (ill for ar!h 2005.
Ans.
,5  "ay#ent
r. ash s. *000
"a)e 22 of 2*

Level 1
Sl Asset nae Date #) *alue t# se)ul Annual N#. #) Depre"iati#n )#r 20041
N# pur"'as !e li)e +epre"iati +ays 0% ,"-,+-/3%  ,e-
e +epre"i ,in #n ,a-/,!- use+ in
ate+ ,a- year-  ,"- t'e
,!- year ,+-
5 C#puter 214104 22%00 4 %2% 34 %50
2 Cellular 5%14104 000 % 5200 3%5 55%4
p'#ne
3 &urniture 5%14104 20000 6 2%00 3%5 2404
4 Air 5%14104 20000  3333 3%5 320%
"#n+iti#ner
% Ele"tri"al 5%14104 5%000 50 5%00 3%5 5442
&ittings
 O))i"e 5%1521 52000  2000 508 %6
E7uipent 04
s
T#tal 54405
Disp#sal $alue )#r all assets  0
*alue t# !e +epre"iate+ ,a- is sae as t'e pur"'ase "#st.
A+9ustent Entries &#r (repai+ Epenses

Nature (ayent (eri#+ #) A#unt (repai+ (repai+ A#unt )#r
+ate su!s"ripti#n ,!- peri#+ a#unt ,!-/ "urrent year
/ insuran"e ,"- ,a-,"-,+- ,!-1,+-,e-
,a-
Maga;ine 18104 518104 t# 2400 51410% t# 5%00 <00
su!s"ripti#n 30110 ,24 30110
#nt's- ,5%
#nt's-
Insuran"e 516104 516104 t# 000 51410% t# 2000 4000
351810% ,52 351810%
#nt's- ,4
#nt's-
=Ot'er A+9ustent Entries

5 (r#$isi#n )#r in"#e ta ,200410%- 'as t# !e a+e at Rs. 58%00.
2 Cl#sing st#"> #) stati#nery "#nsua!les #n 35st? Mar"' 200% is Rs. %000.
3 Trans)er !alan"e #) @it'+ra@als a""#unt t# Nan+ini apurBs "apital a""#unt.
Cl#sing Entry
5 Trans)er !alan"e #) pr#)it an+ l#ss a""#unt t# Nan+ini apur "apital a""#unt.
"a)e 2* of 2*

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5/28/2018 Ta lly Fina nc ia l Ac c ounting Progra m Volume 1 - slide pdf.c om

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5/28/2018 Ta lly Fina nc ia l Ac c ounting Progra m Volume 1 - slide pdf.c om

5/28/2018 Ta lly Fina nc ia l Ac c ounting Progra m Volume 1 - slide pdf.c om

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5/28/2018 Ta lly Fina nc ia l Ac c ounting Progra m Volume 1 - slide pdf.c om

r. ash s. 1250

5/28/2018 Ta lly Fina nc ia l Ac c ounting Progra m Volume 1 - slide pdf.c om

r. onsultin) evenue s. 5000

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5/28/2018 Ta lly Fina nc ia l Ac c ounting Progra m Volume 1 - slide pdf.c om

r. ash s. *0000

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5/28/2018 Ta lly Fina nc ia l Ac c ounting Progra m Volume 1 - slide pdf.c om

5/28/2018 Ta lly Fina nc ia l Ac c ounting Progra m Volume 1 - slide pdf.c om

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5/28/2018 Ta lly Fina nc ia l Ac c ounting Progra m Volume 1 - slide pdf.c om

5/28/2018 Ta lly Fina nc ia l Ac c ounting Progra m Volume 1 - slide pdf.c om

/r. withdrawals s. 000

5/28/2018 Ta lly Fina nc ia l Ac c ounting Progra m Volume 1 - slide pdf.c om

/r. our >7p. 4450

5/28/2018 Ta lly Fina nc ia l Ac c ounting Progra m Volume 1 - slide pdf.c om

/r. Eithdrawals s. 5500

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5/28/2018 Ta lly Fina nc ia l Ac c ounting Progra m Volume 1 - slide pdf.c om

5/28/2018 Ta lly Fina nc ia l Ac c ounting Progra m Volume 1 - slide pdf.c om

SL.NO DATE TRANSACTIONS

5/28/2018 Ta lly Fina nc ia l Ac c ounting Progra m Volume 1 - slide pdf.c om

/r. 6ir !onditioner 3,i7ed 6ssets$ s. 20000

SL.NO DATE TRANSACTIONS

5/28/2018 Ta lly Fina nc ia l Ac c ounting Progra m Volume 1 - slide pdf.c om

r. ash s. 22500

5/28/2018 Ta lly Fina nc ia l Ac c ounting Progra m Volume 1 - slide pdf.c om

r. Alo(al 9ouse 3'undry reditors$ s. 12500

SL.NO DATE TRANSACTIONS

5/28/2018 Ta lly Fina nc ia l Ac c ounting Progra m Volume 1 - slide pdf.c om

SL.NO DATE TRANSACTIONS

5/28/2018 Ta lly Fina nc ia l Ac c ounting Progra m Volume 1 - slide pdf.c om

5/28/2018 Ta lly Fina nc ia l Ac c ounting Progra m Volume 1 - slide pdf.c om

SL.NO DATE TRANSACTIONS

5/28/2018 Ta lly Fina nc ia l Ac c ounting Progra m Volume 1 - slide pdf.c om

5/28/2018 Ta lly Fina nc ia l Ac c ounting Progra m Volume 1 - slide pdf.c om

5/28/2018 Ta lly Fina nc ia l Ac c ounting Progra m Volume 1 - slide pdf.c om

A+9ustent Entries &#r (repai+ Epenses

=Ot'er A+9ustent Entries

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