Tally Practical Exam
KERALA STATE RUTRONIX
Practical Examination - November 2016
Tally
Question Code: TA1
Time: 45 Minutes
Marks: 50
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.
Their transactions are given below.
Prepare their final accounts us ng tally with inventory option.
Opening Balance sheet as on 01-04-2015
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 Bros | 5,060 | 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/-
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/-
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