CHAITHANYA INFO SYSTEMS

TALLY FINAL EXAMINATION

NAME: __________________________ Date:_________
Regd. No.________________ Total Marks:100
Course: Tally. Timings: 3 Hrs.
I. Answer the following any three questions 3x10=30m
1. Prepare final Accounts from the following trail balance sheet as on 31-3-2015

Debit amount credit amount

Purchases 130000 Purchase Returns 1000

Op Stock 10000 Sales 149000
Wages 5000 O/S wages 3000
Sales return 2000 interest 5000
Accrued interest 2000 commission 1500
Salaries 6000 Advanced received
Insurance 3000 Commission 500
Depreciation 1000 capital 30000
Drawings 1000 Loan taken 30000
Land 35000
Loan Given 20000
Suspence A/c 4700

220000 220000

Adjustments:

1. Closing stock Rs/- 40000.

2. Prepare Groups & Ledgers for the following data and also prepare P/L account & Balance Sheet.
Group Ledger Amount
Carriage inwards 1200
(1) Before
Power charges 5000
Production
Materials charges 1400
Direct Expenses
Fright 1500
(2) After Production Packing Charges 2000
Wages 1000
Salaries 1200
(3) Office in
Tea charges 5000
expenses Indirect Postage 5000
expenses
(4) Office out Advertisement 2000
expenses Printing charges 1500
3. Write the 28 Accounting Groups in Tally?
4. The Project Should prepared by using job costing
The company purchase following stock items are
Stock item Rate Quantity
Job Work A Job work B
Cement 250.00 100 bgs 150 bgs
Bricks 5000.00 5 loads 8 loads
Sand 1500.00 3 loads 5 loads
Water 300.00 3 tanks 5 tanks
Steel 60.00 250 kgs 350 kgs

The company other expenses are

Expenses Job Work A in Rs Job Work B in Rs
Architect Fees 7000 8000
Permission of Govt. 4000 6000
Digging Expenses 8000 10000
Wages 10000 15000
The company is completed before the declaration date. On 14th jan 2016 sale out for the
Rs.3,00,000.
II. Answer the following any four questions 4x15=60m
4. M/s Roy limited Engaged in a building project.
The estimation as
Wages Rs 55000
Building Materials Rs 100000
Freight Rs 20000
Architect Fees Rs 32000
Staff salary Rs 30000
Managements expenses Rs 33500
Depreciation Rs 20000
Travelling Expenses Rs 55000
Rent for equipment 45000
The completion of the project they incurred the following expenditure
Wages paid Rs 52000
Building materials purchased Rs 162000
Freight charges Rs 30000
Architect fees paid 30000
Staff salary Rs 20000
Management expenses incurred 36000
Depreciation Rs 30000
Travelling expenses paid Rs 67000
Rent given for equipment Rs 60000

2. Prepare TDS in Tally Software.

 SITAMS college has invited MR. Radha Krishna to take the concept of holography in
physics. At fixed charge Rs. 20,000/- as TDS. But the department gives form 16A instead of TDS.
SITAMS pays the TDS amount to the Government of A.P.
3. Prepare unReconcillation statement for the month of april.
1.4.2005 capital Received by cash Rs 50000
1.4.2005 cash deposisted in canara Bank Rs 20000
Details of the deposit slips are following: sundrdebitors
1.4.2005 Kiddie Rs 40000 ch No: 521521
12.4.2005 Nisha Rs 25000 ch NO: 321321
14.4.2005 Sharma Rs 20000 ch No: 221221
25.4.2005 Nisha Rs 15000 ch NO: 321325
29.4.2005 Kiddie Rs 10000 ch No: 521525
Following is the details of counter file of cheque book (Issue of cheques to sundry creditors)
11.4.2005 Ashima Tax Rs 12500 chNO: 121121
13.4.2005 Fasfion Tax Rs 3350 chNo: 121122
15.4.2001 Silky Pax Rs 5000 chNo: 121123
17.4.2001 Ashima Tax Rs 10000 chNo: 121124
19.4.2001 Fashion Tax Rs 5000 chNo: 121125
28.4.2001 Silky Tax Rs 3000 chNo: 121126
Pass Book of canara Bank
Date name Deposit withdraw (cr) balance
1.4.2005 cash 20000 -------- 20000
12.4.2005 Kiddy 40000 ------- 60000
13.4.2005 Ashimatax -------- 12500 47500
14.4.2005 Nisha 25000 -------- 72500
15.4.2005 Fashion Tax -------- 3350 69150
17.4.2005 silky -------- 5000 64150
18.4.2005 AshimaTax -------- 10000 54150
26.4.2005 Nisha 15000 ------ 69150
30.4.2005 Bank charges ----- 100 696050
4. Prepare price list for the Nokia Company provide the offer of the sankranthi and New Year
festivals. The name of scheme is sankranthi and New Year offer.
The company stock items are
Item Name Quantity Cost Price Selling Price
Lenovo A6000 500 1100 1200
Lenovo A6000plus 510 1200 1300
Samsung galaxy 600 1300 1500
Nokia 2600 650 2400 2600
Nokia 6600 750 6500 6800
st
On 1 September the Nokia Company following scheme to their customers based on their purchase
Scheme Name Quantity Discount of %
0-25 1%
Sankranthi offer 25-50 1.5%
50-Above 2%
0-25 1%
New Year Offer 25-50 1.5%
50-Above 2%

The company Sales

The Hema Mobiles Purchase those products
Nokia 2600 - 35
Nokia 6600 - 20
Lenovo A6000 - 55
Lenovo A6000plus- 40
Samsung galaxy - 30
The Lavanya Mobiles purchase those products
Nokia 2600 - 12
Nokia 6600 - 20
Lenovo A6000 - 10
Lenovo A6000plus - 15
Samsung galaxy - 6

2. Prepare VAT from hema friends Company?

lavanya purchase the materials of

Date Ref. No Party Name Item Quantity Rate in Rs. VAT at %
Platinum 50 ounce 5000 1%
10-4-2016 341 Hema Gold 250 grms 1500 1%
Silver 500 grms 25 1%
Rice 500 kgs 35 4%
15-4-2016 413 Lavanya Cotton 200 kgs 80 4%
Medicines 150 bts 400 4%
Telivisions 50 pic 6000 12.5%
18-4-2016 143 Manisha Samsung 100 pic 150 12.5%
Nokiya 6300 30 pic 6500 12.5%

Manisha & co sales the materials of

Date Ref. No Party Name Item Quantity Rate in Rs. VAT at %

21-4-2016 456 Mr. Raju Platinum 10 ounce 6000 1%
Gold 20 grms 1700 1%
24-4-2016 457 Miss Roja
Silver 50 grms 35 1%
Garuda Cotton 50 kgs 100 4%
24-4-2016 458
Garments
25-4-2016 459 Appollo Medicines 50 bts 500 4%
Medicals
Telivisions 20 pic 8500 12.5%
26-4-2016 460 Varma & Sons
Nokiya 6300 12 pic 7500 12.5%
26-4-2016 461 Big Winces Winces 50 pic 250 12.5%

Fill in the Blanks:- 10x1=10

1. Write the journal from following transaction, advance received rent rs.1000?

2. What is short cut key for Rejection in and Stock Query?

3. Import Tax and Export Tax in which accounting group?

4. What is short cut key budget variance?

5. What is GST? Types of GST?

6. 18% input VAT charged for?

a) Gold b) Silver c) Medicine d) Petrol

7. When did you? Applicable from GST in India?

8. What is a Current Asset? Write the current assets are?

9. What is the root ward for stock summary and stock query?

10. Vat classification in ledger masters?