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  • Ais Lab Test

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    Prasannajit sahoo
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    This document provides instructions for a lab test involving recording transactions in Tally. Students are asked to open a company using their name and address, make initial investments and bank deposits, record expenses like rent and legal fees paid by cheque, purchase and sell goods tracking VAT, and record credit transactions and payments between customers and suppliers. The goal is to practice entering transactions into Tally ledgers within a one hour time limit.

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    AIS LAB TEST

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    This document provides instructions for a lab test involving recording transactions in Tally. Students are asked to open a company using their name and address, make initial investments and bank deposits, record expenses like rent and legal fees paid by cheque, purchase and sell goods tracking VAT, and record credit transactions and payments between customers and suppliers. The goal is to practice entering transactions into Tally ledgers within a one hour time limit.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    8 views1 page

    Ais Lab Test

    Uploaded by

    Prasannajit sahoo
    This document provides instructions for a lab test involving recording transactions in Tally. Students are asked to open a company using their name and address, make initial investments and bank deposits, record expenses like rent and legal fees paid by cheque, purchase and sell goods tracking VAT, and record credit transactions and payments between customers and suppliers. The goal is to practice entering transactions into Tally ledgers within a one hour time limit.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 1

    Accounting Information System Lab Test

    5th Sem, MCA

    Time: 1 hour

    Record the following transaction in Tally by opening appropriate Legers

    April 1 2018 Create a company and give your full name as Name of the Company
    and your permanent address as address of the company

    April 1 2018 Your investment as capital Rs 2,00,000

    April 1 2018 Open a Bank Account with Bank of India, Patia Branch and deposit
    Rs 1,20,000

    April 1 2018 Pay house rent Rs10,000 by issuing a cheque.

    April 1 2018 Pay legal expenses of Rs5000 as registration charge of your


    company

    April 1 2018 Purchase goods of Rs 20,000 and VAT 18% extra and paid by cheque

    April 1 2018 Purchase of Office Stationary Rs 2,000

    April 1 2018 Sale of goods to Mr Mohanlal on credit Rs 30,000 and VAT 18%
    extra

    April 1 2018 Purchase goods of Rs 10,000 and VAT 18% extra from Mr. Anandlal
    on credit

    April 1 2018 Received a Cheque from Mr Mohanlal for goods sold

    April 1 2018 Paid a cheque of Rs 11,800 to Mr. Anandlal for goods purchased
    earlier

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