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  • Tally Examination

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    Dipan Sahoo
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    The document provides information to record the necessary opening entries for MIIT Computer Education. Key details include: - Cash and bank balances totaling Rs. 46,000 - Debtors of Rs. 5,200 and creditors of Rs. 4,250 - Assets including a motorcyle of Rs. 40,000 and stock of Rs. 45,000 - Liabilities including an SBI loan of Rs. 30,000 - Stock items and quantities on hand initially - Various credit purchase and sales transactions with discounts and taxes - Receipt and payment of cheques - Closing stock quantities after physical verification

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    tally examination

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    The document provides information to record the necessary opening entries for MIIT Computer Education. Key details include: - Cash and bank balances totaling Rs. 46,000 - Debtors of Rs. 5,200 and creditors of Rs. 4,250 - Assets including a motorcyle of Rs. 40,000 and stock of Rs. 45,000 - Liabilities including an SBI loan of Rs. 30,000 - Stock items and quantities on hand initially - Various credit purchase and sales transactions with discounts and taxes - Receipt and payment of cheques - Closing stock quantities after physical verification

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    14 views2 pages

    Tally Examination

    Uploaded by

    Dipan Sahoo
    The document provides information to record the necessary opening entries for MIIT Computer Education. Key details include: - Cash and bank balances totaling Rs. 46,000 - Debtors of Rs. 5,200 and creditors of Rs. 4,250 - Assets including a motorcyle of Rs. 40,000 and stock of Rs. 45,000 - Liabilities including an SBI loan of Rs. 30,000 - Stock items and quantities on hand initially - Various credit purchase and sales transactions with discounts and taxes - Receipt and payment of cheques - Closing stock quantities after physical verification

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
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    of 2

    Q. Put the Necessary Opening Entries for the Book of MIIT Computer Education.

    Cash a/c 32000/-


    Union Bank a/c 14000/-
    Debtor
    Agrawal Computers : 3200/-
    Sharma Informatics : 3000/-
    Creditor
    Compaq International, Raipur : 1250/-
    HCL India, Bhubaneswar : 3000/-
    Assets
    Motor Cycle : 40,000/-
    Stock : 45,000/-
    Liabilities
    SBI Loan : 30,000/-

    Stock Details :
    Product Rate Qty. Code
    Mercury Keyboard Normal 225 10 1015
    Navtech Keyboard Ps/2 MM 250 15 1016
    Logitech Keyboard Normal 725 5 1017
    Navtech Mouse Optical 175 10 1018
    Logitech Mouse Mch. 200 7 1019
    Dust Cover P4 ATX 40 10 1020
    IBOL Pen Drive 256 MB 825 1 1021

    1. Credit Purchase from Compaq International, Raipur @ 15% Cash Discount and 4% VAT
    on Every Product.
    Mercury Keyboard Normal 225 5 1015
    Navtech Keyboard Ps/2 MM 250 5 1016
    Logitech Keyboard Normal 725 5 1017

    2. Credit Purchase from HCL India, Bhubaneswar @ 10% Trade Discount and 15% Cash
    Discount with 4% VAT on Every Product.
    Navtech Mouse Optical 175 5 1018
    Logitech Mouse Mch. 200 5 1019
    Dust Cover P4 ATX 40 5 1020

    3. Credit Sale of these following product to Agrawal Computers, Bargarh @ 5% Cash


    Discount with 4% VAT on Each product.
    Mercury Keyboard Normal 275 5 1015
    Navtech Keyboard Ps/2 MM 300 5 1016
    Logitech Keyboard Normal 825 5 1017

    4. Credit Sale of the goods to Sharma Informatics, Bargarh @ 5% Trade Discount and
    7% Cash Discount with 4% VAT on Each Product.
    Navtech Mouse Optical 225 5 1018
    Logitech Mouse Mch. 250 5 1019
    Dust Cover P4 ATX 65 5 1020

    5. Received Cheque From


    Agrawal Computers : 3000/-
    Sharma Informatics : 3000/-
    6. Paid Cheque to
    Compaq International, Raipur : 2000/-
    HCL India, Bhubaneswar : 2000/-
    7. Paid Rent 1000/-
    8. Paid For Carriage on goods purchased Rs. 1200/-
    9. Cash Deposited into Bank 1250/-
    10. Put the Necessary Closing Stock of products as per the Physical Stock
    Verification of the Proprietor.

    Product Qty. Code


    Mercury Keyboard Normal 8 1015
    Navtech Keyboard Ps/2 MM 13 1016
    Logitech Keyboard Normal 3 1017
    Navtech Mouse Optical 8 1018
    Logitech Mouse Mch. 5 1019
    Dust Cover P4 ATX 8 1020
    IBOL Pen Drive 256 MB 1 1021

    Company Creation : 10 Marks


    Accounts Creation : 20 Marks
    Inventory Creation : 20 Marks
    Voucher Entry : 30 (3 x 10) Marks
    Print of Invoice Dot Matrix Mode : 10 Marks
    Viva Voice : 10 Marks

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