Assignment 2

Mark Traders deals in different types of Laptops & Computer Parts and wants to maintain his
accounts in Tally.
1. Started business with cash ₹ 5,00,000/-
2. Purchase the following items from Laxmi traders on credit
Stock Group Name of Item Rate Quantity
Dell Laptop Dell E6410 27,500/- 10 Pc
Dell Laptop Dell E6410i 28,000/- 15 Pc

3. Purchase the following items from Hi-tech traders and agreed to pay the amount within
10days
Stock Group Name of Item Rate Quantity
HP Laptop HP H5550 26,000/- 5 Pc
HP Laptop HP H5555 26,500/- 5 Pc

4. Sold 2 Pcs Dell E6410 @ ₹ 29,000/Pc for Cash.

5. Mark Traders found 2HP Laptop are defective and immediately returned those defective
Laptops [HP H5555]
6. Deposited cash into Kotak Mahindra Bank ₹ 1,00,000/-
7. Appointed Mr. Mukesh as an Accountant and agreed to pay him ₹ 20,000/month salary
8. Withdraw cash from Kotak Mahindra Bank ₹ 20,000
9. Sold Laptop for cash [Dell E6410 4Pc @ ₹ 30,000/Pc and 2Pc E6410i @ ₹ 32,000/Pc]
10. Mark Traders Purchased the following Stock items form MK traders
Stock Group Name of Item Quantity Rate Location
Hard Disk 500Gb 25 2150 Godown A
Motherboard 30 4400 Godown B
RAM 4Gb 15 2500 Godown B
Computer Parts Monitor 17” (Intex) 20 4800 Godown A
Monitor 17” (Samsung) 10 4900 Godown A
Keyboard (HP) 25 450 Godown B
Keyboard (Intex) 20 200 Godown B

11. Sold 2Pc Dell E6410 @ Rs. 31,500/Pc & 4Pc Dell E6410i @ Rs. 33,000/Pc for cash
12. Received cash Rs. 25,000/- as commission
13. Paid Cash Rs. 12,000/- for Rent.
 14. Sold the following items to Opera Traders for Cash
Name of Items Quantity Rate
Monitor 17” (Intex) 5 5150
RAM 4 Gb 8 2800
Motherboard 8 4750
Hard disk 500gb 10 2400

15. Purchase 5Pc Laptop [Lenovo L0225] for Cash @ Rs. 24,000/Pc
16. Made a Cheque Payment of Rs 45,000/- to Laxmi Traders
17. Sold 2Pc Monitor 17” Samsung @ ₹ 5,100/Pc, Keyboard HP 5Pc @ ₹ 375/Pc to Opera
Traders.
18. Received Cash from Opera Traders ₹ 10,000/-
19. Returned 5Pc Motherboard to MK Traders.
20. Sold 2Pc Motherboard @ ₹ 4750/Pc for cash.
21. Paid Cash ₹ 8000 to MK Traders.
22. Paid Salary to Mr. Mukesh
23. Cash sales 8Pc Hard Disk @ ₹ 2750/Pc
24. Cash Sales 5Pc Monitor 17” Intex @ ₹ 5,500/Pc

Things to do:
i. Create a Company.
ii. Create Inventory Details (Stock Group, Unit, Godown & Stock Item).
iii. Create necessary Ledgers.
iv. Record all transactions.
v. Display Profit & Loss A/c, Balance Sheet and Ledgers.