Tally Practical Exam


KERALA STATE RUTRONIX



Practical Examination - November 2016

Tally

Question Code: TA1
Time: 45 Minutes
Marks: 50

Question 1

M,/s 'INDIAN TOBACCO CO., deals in tobacco Its corporate office is located at MG Road Ernakulam.
Their transactions are given below.
Prepare their final accounts us ng tally with inventory option.

Opening Balance sheet as on 01-04-2015                                                                                       
Liabilities
Amount
Assets
Amount
Capital 20,000 Cash in Hand 2,600
Bell & Sons 2,500 Bank of India 20,000
Wills & Co 8,000 Ram & Co 2,100
Martin Bros5,060 Sam & Co 1,130
ITC 4,220 Furniture 3,800
Bob & Co 1,900 Stock in Hand 8,450
41,680 41,680


Details of stock in Hand
                 
SL No Name of Item Qty P.Rate S.Rate Amount
1 Tobacco 200 Pkts 18 35 3,600
2 Cigar 125 Pkts 22 30 2,750
3 Cigarettes 175 Pkts 12 20 2,100



2015

April.1 - Sold to Ram & Co. Tobacco -10 Pkts, Cigar - 20 Pkts Cigarettes - 10 Pkts

April.2 Received cheque from him for Rs 7,000/- discount Rs 100/- & deposited the same direct into bank for collection

April.3 Paid Stationery Rs.50/ Bought of ITC, Tobacco - 24 Pkts, Cigar - 45 Pkts, Cigarettes - 20 Pkts

April.4 Paid them by cheque Rs.4,000/- and discount Rs 220/- Paid to Wills & Co. by cheque Rs.4,000/-

April.5 Sold to John Tobacco - 20 Pkts. Cigar - 30 Pkts, Cigarettes - 25 Pkts.

Received Cheque from him Rs 2,010/- and discount Rs-90/-

April.6 Sold 30 Pkts. Cigar to Albert

April.7 Received cheque from him Rs.500/-

April.8 Bought 70 Pkts Cigar from Martine Bros

April.9 Paid to Bob & Co-Rs. 1,900/- in full settlement by cheque

April.10 Paid cheque to Bell & Sons Rs.500/-
Received cheque from Ram & Co Rs. 500/-

April.11 Sold to Sam & Co. Tobacco 50 Pkts. Cigar - 40 Pkts, Cigarette - 30 Pkts

April.12 Ram's cheque returned by bank dishonoured Rs 500/-

April.13 Withdraw from bank Rs.2.000/-

April.14 Bought of Bell & Sons Tobacco - 50 Pkts, Cigar - 25 Pkts Cigarettes - 25 Pkts

April.15 Received from Sam & Co Rs 1,100/-in full settlement against the old due

April.16 Paid wages Rs 80/- Postage Rs.50/- Paid Municipal Tax Rs 250/-

April.17 Withdraw for personal use Rs 1,000/- by cheque

April.18 Paid wages Rs.80/-

April.19 Paid cheque for new showcase Rs.500/-

April.20 Bought of Well & Co Tobacco - 70 Pkts, Cigar - 80 Pkts, Cigarettes - 50 Pkts

April.21 Paid to wills & Co by cheque Rs.2,000/-

April.22 Sold for cash to Vama & Co Tobacco - 100 Pkts, Cigar - 125 Pkts, Cigarettes - 150 Pkts

April.30 Paid Rent Rs.250/- Salary 3,000/-

Location: Kerala, India

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