1.

Create a Company under your NAME & SURNAME for the year 2019-20 ACCOUNTS
ONLY. The company deals with purchase and sales of computers.

2. Create the following Groups:

Land
Building
Capital
Machinery
Investment.

3. Create ledgers with given opening balances:

SHARE CAPITAL 1,00,000
RESERVES 10,000
PROFIT & LOSS 5,000
SUNDRY CREDITORS
M/s Omega Computers 30,000
M/s Lanbit 5,000
Everest Mfg. Co. 20,000
BANK OD A/c
Bank of India Overdraft A/c 25,000
UNSECURED LOAN
Loan from Directors 20,000
FIXED ASSETS
Land 15,000
Machine A 50,000
Goodwill 20,000
INVETMENTS
Shares of Company Acc 15,000
SUNDRY DEBTORS
M/s. Global Telesystem 20,000
Ace Computers 20,000
RDP Sales Agencies 20,000
CASH IN HAND
Petty Cash 5,000
STOCK IN HAND
Stock 40,000
BILLS RECEIVABLE 10,000

4. During the year following transactions took place:

a. Sold Computers of Rs. 60,000 to M/S Global Telesystem on credit for credit of 30 days
on 01/04/2019.
b. Sold Computers of Rs. 20,000 to RDB Sales Agencies for cash on 01/05/2019.
c. Sales of Rs. 15,000 of computers were rejected by M/s. Global Telesystem. Pass a Credit
Note dated 01/05/2019.
d. Purchased computers worth Rs. 35,000 from M/s. Omega Computers on credit for 60
days 1/4/2019.
e. Purchased computers worth Rs. 15,000 from M/s. Lanbit against cash on 1/6/2019.
f. Cash withdrawn from bank Rs. 5,000.
 g. Rejected computers worth Rs. 10,000 purchased from M/s. Omega Computers. Pass
Debit Note dated 1/5/2019.
h. Depreciation for the year Rs. 5,000 on Machine A.

VIEW – TRIAL BALANCE – DETAIL

PROFIT & LOSS A/C
BALANCE SHEET.

5. Create the following:

a. UNIT OF MEASURE – KG – KILOGRAM
b. GODOWN – MUMBAI – C.S.T.
c. STOCK CATEGORY – COMPUTERS
d. STOCK ITEM
HARDWARE
SOFTWARE
e. COST CATEGORY
DEPARTMENT
EXECUTIVES
f. COST CENTRES
SALES – DEPARTMENT
PURCHASE – DEPARTMENT
MR. A – EXECUTIVES
MR. B – EXECUTIVES.