Create the company in the name of “Choco Nuts” (GST No: 33AANFP6108M1ZX) Address: 58, Sathy

Main Road, Near Zain Hotel, Kovilpalayam, Coimbatore – 641107, Tamil Nadu, India (Year 2022-2023)

Trial Balance
S.No Particulars Debit Credit
1 Capital 400000
2 Sales 401240
3 Purchase 284050
4 Cash 24710
5 Opening Stock 132800
6 Furniture 98700
7 Freight Inward 2450
8 Bank of Baroda 205980
9 Chocoexotica, Gujarat (GST NO: 24AFXPS9550F1ZR) 63000
10 Sindhwani Traders (GST NO: 33AAMFS8817M1ZJ) 54000
11 Purchase Return 4050
12 Computer 43000
13 Salary 12000
14 Electricity charges 2170
15 Advertisement 6580
16 Rent 9000
17 Manapuram Finance Company Loan 100000
18 Chocolate and Me, Karnataka (29AALFC3900G1ZK) 108000
19 Century Bakes (GST NO: 33AAPFC9227N1ZW) 92000
20 Courier Charges 850
Total 1022290 1022290

II – Create the following Inventory Information’s in your Books. Unit of Measurement as – Kgs.

No Item Name Total Godown Cost Selling Total GST

Item HSN Code - 18069010 Qty Shop Store Price Price Amount
1 Chocolate Coated Peanuts 50 25 25 280 320 14000 5%

2 Almond Golden Sapphire Chocolate 20 10 10 840 880 16800 18%

 3 Rectangular Dark Chocolate Cashew 30 15 15 730 770 21900 12%
4 Round Chocolate Cashew 30 15 15 580 620 17400 12%

5 Milk Chocolate Nut 50 25 25 140 180 7000 5%

6 Chocolate Coated Hazelnut 20 10 10 810 850 16200 18%

7 Nuts Roasted Chocolate Cashew 10 5 5 850 900 8500 28%

8 Ball Khajur Chocolate Laddu 10 5 5 900 950 9000 28%

9 Chocolate Nuts 50 25 25 140 200 7000 5%

10 Kaju Kulfi Chocodip 20 10 10 750 800 15000 18%
Total 290 145 145 132800

III- Enter the Following Transaction for your Books (Purchase and Sales are GST Applicable).

1. On 1.4.2022 the company received the amount for Opening balance outstanding by cheque Rs.
1,08,000/- from Chocolate and Me.
2. On 1.4.2022 the company sold the following items with invoice to Century Bakes. The items delivered
from the available godown. Out of this transaction value 50% receivable as on immediately and the
remaining is receivable within 15 days. (Invoice No. CN/22-23/001)

Item Qty Item Qty

Chocolate Coated Peanuts 50 Round Chocolate Cashew 30

Almond Golden Sapphire Chocolate 20 Milk Chocolate Nut 50

Rectangular Dark Chocolate Cashew 30 Chocolate Coated Hazelnut 20

3. On 1.4.2022 Rs.56891/- received by the company cheque from Century Bakes.
4. On 1.4.2022 The Company withdraw the cash for Rs.1,25,000/- from Bank of Baroda for Office use.
5. On 1.4.2022 The company paid the Electricity charges Rs. 2,170/-, Rent Rs. 9,000/-, Advertisement Rs.
17,200/-, Petrol conveyance Rs. 600/-, Courier Charges Rs. 850/- and Salary Rs. 12,000/-through cash
6. Purchased the following stock items on 1st April 2022 from Sindhwani Traders with invoice and stored in
Store Godown. Out of this transaction value 50% payable as on the transaction date and the remaining
is payable within 30 days. Payments are made by cheque. (Supplier Invoice No. ST/12, Date – 1.4.2022)

Item Qty Item Qty

Chocolate Coated Peanuts 40 Round Chocolate Cashew 20

Almond Golden Sapphire Chocolate 20 Milk Chocolate Nut 40

Rectangular Dark Chocolate Cashew 20 Chocolate Coated Hazelnut 10

7. On 1.4.2022 the company make the payment to Sindhwani Traders through Bank of Baroda cash for Rs.
38183/- and opening balance outstanding amount paid by cheque for Rs. 54,000/-.
8. On 2.4.2022 the company returns the following items to Sindhwani Traders because use by date of the
goods has expired.

Item Qty Item Qty

Chocolate Coated Peanuts 20 Milk Chocolate Nut 20

9. On 2.4.2022 the company sold the following items with invoice to Chocolate and Me. The items
delivered from the available godown. The total amount receivable in two equal installments in cheque.
(INS 1 – 15 days, INS 2 – 30 days) (Invoice No. CN/22-23/002)

Item Qty Item Qty

Ball Khajur Chocolate Laddu 10 Milk Chocolate Nut 10

Chocolate Nuts 50 Chocolate Coated Hazelnut 5

Kaju Kulfi Chocodip 20 Nuts Roasted Chocolate Cashew 10

10. On 2.4.2022 Chocolate and Me returned the following items due to cover broken (Customer Debit Note
No. 14)

Item Qty
Kaju Kulfi Chocodip 4
Ball Khajur Chocolate Laddu 4

11. The owner withdraws the cash for Rs. 25,000/- from Bank for his personal use.
12. Purchased the following stock items on 2nd April 2022 from Chocoexotica with invoice and stored in
Store Godown. Out of this transaction value 50% payable as on 30 days and the remaining is payable
within 45 days. Payments are made by cheque. (Supplier Invoice No. 013/2022-2023)

Item Qty Item Qty

Ball Khajur Chocolate Laddu 30 Nuts Roasted Chocolate Cashew 20

Chocolate Nuts 40 Kaju Kulfi Chocodip 30

13. On 2.4.2022 the company purchased Panasonic Inverter Split AC from Sakthi Cool Point (GST No:
33AJRPR6368N1Z7) for Rs. 42,000/- for paid by cheque. (GST rate 28%)
14. On 02.04.2022 The Company Rs. 50,000/- deposited into Bank of Baroda.
15. 02.04.2022 the company received the amount for advance by cheque Rs. 1,00,000/- from New
Customer Rich Global Foods & Agro, Maharashtra (GST No. 27AGWPB0587D1ZA).
IV – Prepare the Payroll sheet for Following Information

Prepare the Salary Statement and Process the Salary for the following Employees in your Book Salary
Structure as per the following Scheduled for Confirm Labors and Staffs Basic – User Defined Value , DA-
35% of Basic , HRA – 25% of Basic, Special Allowance – 20% of (Basic + DA) , Other Allowance – 30% of
(Basic + HRA) ESI – 0.75 % of Total Earning, PF – 12% of Basic + DA

Sl.No Employee Father Name Emp. No DOB DOJ B.G Attendance in days Basic
Name In Rs.

P-24
1 Balu Mahendira 32587 02/08/98 1/4/22 B- 13100
CL-2

2 Sivaji Ganeshan 32588 31/01/97 1/4/22 O- P-26 13300

P-24
3 Muthu Sirpi 32589 31/05/96 1/4/22 AB+ CL-1 13500
A-1
P-22
4 Mani Rathinam 32590 02/09/95 1/4/22 A+ CL-2 13700
A-2
P-25
5 Kasthuri Raja 32591 01/12/94 1/4/22 B+ 13900
CL-1