Professional Documents
Culture Documents
Assignment
Question No: 1
Create the following ledger with opening balance :
A’sCapital 2,50,000
B’sCapital 17,50,000
C’sCapital 10,00,000
GeneralReserve 25,000
SharePremium 5,00,000
Bank Accounts:
BankofBaroda(alias)BOB 50,000
Cash-in-hand :
Cash 25,000
Debtors – Local:
BeautyJewellery -BillNo.3651dt.01-Mar-17 10,000
-BillNo.3425,dt.01-Mar-17 25,000
ImageJewellery-BillNo.1111,dt.01-Mar-17 3,50,000
RahimJewellery
Creditor – Local:
XYZ Jewelers
Bill No.1245, dt.01-Mar-17 2, 50,000
Bill No.1008, dt.2-Mar-17 1, 50,000
PQR Jewelers
Bill No.965, dt.2-Mar-17 1, 25,000
Fixed Assets Depreciation
Land 32,60,000
Un-Secured Loans:
ShyamSundar
Interestonloan12%percalendaryear(01.04.19) 7,00,000
GopiKishan 5,00,000
Interest@12%percalendaryearupto31/08/18 Interest@14%percalendaryearfrom01/09/18
Bank OD A/c :
ICICIODA/c 1,50,000
Question No: 2
Create the following stock groups and sub groups:
1 Gold
2 Silver
3 Utensils
4 Imitations
1 Nos / Numbers
2 Gms / Grams
3 Kgs / Kilograms
4 Pcs / Pieces
6 Imitation Jewellery 6%
Question : 3
Create the following Cost Centers
i) Silver Products
ii) Gold Products
Note: 60% of Expenses should be allocated for Gold Products Cost centre and 40% of
Expenses should be allocated for Silver Products Cost Centre while passing the Voucher
entries for whichever ledger applicable with cost centre.
Question: 4
Question : 5
1. Pure Gold 500 gms issued to Goldsmith for converting into Gold Jewellery, and
received 550 gms of Gold Jewellery
1. Silver Jewellery sent on approval to Rahim Jewellery which was on 2nd Aug, out of which 2 kg is
received back and balance was sold for credit – make the necessary entry
2. Gold Jewellery received on approval from IK Jewellery which was on 2nd Aug, out of which
100 gms is returned and balance is purchased – make the necessary entry
4. On 2nd Sept Pass a journal entry for Labour charges for Rs.1,00,000 to Goldsmith along with
TDS
16. On 1st Oct, Rs.1,40,000 paid to XYZ Jewellery for bill no. 1008 by ICICI Bank, balance
amount discount
17. On 1st Oct, Rs.20000 cash paid for Electricity charges 18.On 1st
Oct, make the payment entry for both TDS liability
19. On 1st Oct Pass a journal entry for Audit Fees for Rs.2,00,000 to PWC along with TDS
20. On 1st Oct, Rent paid Rs.10,000 by BOB A/c
21. On 1st Oct, pass Journal entry for Depreciation of all Assets with respective % (pass an
individual entry for every assets)
Question: 6