PROBLEM; - Page 30 of 170 ACCOUNTS ONLY 701) ECS Techno started business with Rs.10, 00,000/- 02) Purchase Computer Rs.1, 80,000/- 03) Purchase Furniture Rs.55, 000/- 04) DCA Admission Fee Received Rs.1, 20,000/- 05) AUTOCAD Adinission Fee Received Rs.85, 006/- 06) VFX Admission Fee Received Rs.65, 000/- 07) Web Design Admission Fee Received Rs.95, 000/- 08) Rent Pa‘d Rs.25, 000/- S 09) Current Bill Paid Rs.7, 500/- : 10) Salaries Paid Rs.66,000/- coi 11) Telephone Charges Paid Rif, 500/- 12) Other Expenses Rs.5, ono Solution:- ie Step-1:- an 110 Step-2;- Ledgér Creation: : Ledgers © Groups » ECS Techno Canitala/c Computer Fixed Asset _| ‘Furniture Fixed Asset ‘A Admission Fee Indirect Income AUTOCAD Admission Fee Indirect income VFX Admission Fee Indirect Income eb Design Admission Fee Indirect Income 8 Gaee Rent —~——=Ss=«d,sAntdi?ect Expense jeg Current Bill Indirect Expense 10 Salaries a Indirect Expense 11 Telephone charges Indirect Expense 12. Other Expenses __Indirect Expense Step-3:- Accounting Vouchers:- 1. Go to “Gateway of ally” 2. Select “Accounting vouchers” (Press Enter)Page 31 of 170 Payment voucher: - Shortcut Key is“F5” Receipt voucher: - Shortcut Key is “F6” NOTE: - To show full details of the selected report we press “ALT+F1” An: Net Profit = Rs 2, 56, 000/- Balance Sheet = Rs 12, 56, 000/- Cash-in-Hand = Rs 19, 21, 006/- PROBLEM:-2 _ 01) Rushi & Co Started Business with Rs. 20, of : 02) Cash deposited at Vijaya Bank Rs.9, 00,000, 03) Purchase Computers Rs.1, 20,000/- 07) Sony Mobiles Service Chatges Received Rs.88, 00 08) Samsung Mobiles Service Birses Received by Cheque Rs. 85, 5, 000/- Ch No: - 984661. 09) Rent Paid Rs.Z0, 000/- 10) CurrenfBili Paid Rs.79500/-, of 11) Salaries Paid Rs.65, 090/+ 12) Telephone Charges Paid Rs.8, 800/- 13) Other Expenses Ps.6, 000/- 14) Cash withdraw from Bank Rs.65, 000/- Ch No: - 856479, Solution:- " Step-1:- Step-2:- Ledger Creation:- Sl. No Ledgers Groups aE Rushi & Co Capital A/C 2 Bank Bank A/C 3 Computer Fixed Asset 4 Furniture Fixed Asset [a5 Nokia Mobiles Service Charges Indirect IncomePage 33 of 170 09) Rent Paid Rs.6, 500/- 10) Current Bill Paid Rs.2, 500/- 11) Salaries Paid by Cheque Rs.27, 500/- Ch No: - 568923, 12) Commission Received Rs.4, 500/- 13) Other Expenses Rs.4, 500/- 14) Cash withdraw from Bank Rs.25, 000/- Ch No: - 195969, 15) Bank Charges Paid Rs.350/- Solution:- 6 aire) Income 7 ice charges direct Income 8. ~ Bajal bikes service charges _| L.gindirectIncome | So ea . Reat “Sy indireci Expense 10 Current Bill Indirect Expense 11 ries Indirect Expense iz Commission Received Indirect income | ” Other Expenses Indirect Experse | Bank charges Indirect Expense : Payment voucher: - Shortcut Key is “F5” Receipt voucher: - Shortcut Key is “F6” Contra voucher: - Shortcut Key is “F4” Ans: - Net Profit = Rs 3, 38, 150/- Balance Sheet = Rs 18, 38, 150/-Page 32 of 170 6 “LG Mobiles Service Charges | _Indirect Income __| 7 | Sony Mobiles Service Charges Indirect Income _8 | Samsung Mobiles Service Charges __ Indirect Income- 9 = Rent Indirect Expense 10 CurrentBill Sesh: Salaries ~—~—~*<|_~_ Indirect Expense ae) _____ Telephone charges Indirect Expense _ aS ___ Other Expenses Indirect Expense Step-3:- Accounting Vouchers: 1. Go to “Gateway of Tally” 2. Select “Accounting vouchers” (Press Enter} Payment voucher: - Shortcut Key is “F5” 2. Cash withdrawn from any be NOTE: - To show full details of the selected nayort Wabress “ALT+F1” Ans:- np Net Profit = Rs 2,75, 700/- Balance Shéet = Rs 22,75, 700/-_ Cash-In-Hand = Rs 11, 45, 700/- Bank Accounts = Rs 9, 45, i PROBLEM:-3 01) Vijay & Co Started Business with Rs.15, 00,000/- 02} Cash deposited at Bank Rs.7; 90,000/- 03) Purchase mackie que Rs.75, 000/- 04) Purchase Farniture for Cash Rs.65, 000/- 05) Hero Honda Bikes Service Charges Received Rs.85, 000/- 06) TV S Bikes Service Charges Received by Cheque Rs.1, 20, 000/- Ch No: - 124536. 07) Suzuki Bikes Service Charges Received Rs.75, 000/- 08) Bajaj Bikes Service Charges Received by Cheque Rs.95, 000/- Ch No: - 895647.Page 34 of 170 Cash-In-Hand = Rs 9, 10, 650/- Bank Accounts = Rs 7, 87, 500/- PROBLEM:-4 01) Anuradha Started business with Rs.10, 00, 000/- 02) Purchase Goods for cash Rs.2, 00,000/- 03) Purchase Goods by cheque Rs.3, 00,000/- Ch no: - 123456 94) Purchase Goods from Rama Devi Rs.2, 50,000/- 05) Cash deposited at Bank Rs.6, 00, 000/- 06) Sales Goods to cash Rs.15, 00,000/- 07) Purchase Machinery for cash Rs.1, 66, ,000/- 08) Rent Paid Rs.55, 000/- 09) Commission Received Rs.1, 3,500/- Solution:- Step-1:- e Step- ; Groups Capital A/C | Purchase A/C dry Creditor Bank A/C | Sales A/C f won| sear Fixed Asset. c-s.! Indirect Expense 8 Commission Received | Indirect Income 9 Salaries Indirect Expense 10 Electricity Bill Indirect Expense Step-3:-- Accounting Vouchers:- Payment voucher: - Shortcut Key is “F5” Receipt voucher: - Shortcut Key is “F6” Purchase voucher: - Shortcut Key is “F9”Page 35 of 170 Sales voucher: - Shortcut Key is “F8” Contra voucher: - Shortcut Key is “F4” Ans:- Gross Profit = Rs 7, 50, 000/- Net Profit = Rs 6, 47, 500/- Balance Sheet = Rs 18, 97, 500/- Cash-In-Hand = Rs 15, 46, 500/- Bank Accounts = Rs 2, 51, 000/- Sundry Creditors = Rs 2, 50, 000/- PROBLEM; -5. 2 A 01) Siva commenced biisiness with Rs.30, 000 | 02) Cash Sales Rs.5, 000/- 03) Bought Machinery Rs.10,000/- 04) Sold Goods to Mr. Ravi Rs.10, 00% a 05) Purchased Goods from Mr. hoy Rs.8, 000/- 06) Sold Guods to Mr.Kiran Rs. 10, 000/- 97) Paid for Stationery Rs.1, 000/- 08) Carriage Inwards Rs.500/- 09) Bought Furnitue®Rs.3, 900/- { 15) Soid gouds to Mr-Suntesh fr cashRsB/P0a/- 11) Received Discount Rs.800/- 12) Cash _ for Wages Rs cE 14) Deposited casi into Bank Rs.6, 000/- 15} Received cash from Mr.Kiran Rs.1, 500/- 16) Received cash iR 17) Received Commission Rs.200/- 18) Rent paid Rs.400/- 19) Salaries paid Rs.800/- Solution:- Step-1:;- Com: tion:- Step-2:- Ledger Creation:-Page 36 of 170 SIL.No Ledgers Groups | eee Siva be Capital A/C 2 Sales i“) iyo) SME AGE linia | 3 "Machinery Fixed Asset 4 Ravi Sundry Debtor aS Purchase | _—_— Purchase A/C 6 Sawa ss ‘Sundry creditor 7 Kiran __ Sundry Debtor 8 stationery | 9 | Carriage inwards | _DirectExpense— 10 Furniture F Fixed Asset __ ss 11 | DiscountReceived (| Indirect Inc tIncgme 12 Wages 13 Bank 14 | Commission Received Indirect Expense e Indi xpens. Sales voucher: Contra voucnex An: Gross Profit = Rs 33, 300/- Net Profit = Rs 32, 100/- Balance Sheet=Rs 76, 100/- Sundry Debtors = RS 17,900/- ae Sundry Creditors = Rs 8, 000/- Cash-In-Hand = Rs33, 200/- Bank Accounts = Rs 6, 006/- LEM: 01) Ganga commenced business with cash Rs.2, 00, 000/- 02) Purchase Furniture for Rs.20, 000/- 03) Borrowed from Mr.Raju Rs.12, 000/-Page 37 of 170 64) Purchase goods from Mr. Mohan Rs.8, 000/- 05) Sold goods to Mr. Rajesh on credit Rs.22, 500/- 06) Purchase goods for cash Rs.1, 900/- 07) Cash deposited into Bank Rs.59, 000/- 08) Rent paid Rs.4, 000/- 09) Cash withdraw from Bank Rs.5, 000/- Ch no: - 258964 10) Received Commission Rs.1, 000/- 14) Received cash from Mr. Rajesh Rs.12, 000/- 12) Interest paid on Loan Rs.300/- f 13) Salaries paid Rs:5; 000/- 14) Cash paid to Mr. Mohan Rs.6, 000/- 15) Received a cheque from Mr. Raj 16) Issued a cheque to Mr. Mol 17) Interest Allowed by Bank 18) Cash withdraw from Ban! Selution:- => Groups @ 1 . a Capital A/C ’ 2 Furniture Fixed Asset t s Raju Sundry creditor 4 Purghase Purchase A/C - * oe . an * Sundry creditor ~ Sales Sales A/C 7 Rajesh Sundry Debtor 6 Bank Bank A/C 9 Rent Indirect Expense 10 | Commission Received Indirect Income i Interest Indirect Expense 12 Salaries Indirect Expense 13 Interest Received Indirect IncomePage 38 of 170 Step-3:- Accounting Vouchers:- Payment voucher: - Shortcut Key is “FS” Receipt voucher: - Shortcut Key is “F6” Purchase voucher: - Shortcut Key is “F9” Sales voucher: - Shortcut Key is “F8” Contra voucher: - Shortcut Key is “F4” Gross Profit = Rs 12,600/- Net Profit = Rs 4,500/- a Balance Sheet = Rs 2, 17,300/- : * Sundry Debtors = Rs 5, 500/- Sundry Creditors = Rs 12, 800/- Cash-In-Hand = Rs 1, 35, 300/- Bank Accounts = Rs 56, 500/> 01) Weds & Co Started Busin 02) Purchase Machinery Rs.1, ith Rs.10, 00, 000/- z 900/- . 03) Purchase Furaiture for Rs. 10, 00/- # 04} Purchase OMG Vis for cash @Rs.6, 506/- 95) Purchase 25 Sory Tet or cash ORs.6, 0F0/- 06) Purchase 25 Samsung TV'S r cash @Rs.6, 200/- 07) Sales 45 LG TV’s for cash @Rs.7)500/- 08) Sales 23 Sony TV’s for cash @Rs.7, 000/- 09) Saies 22 for cash @Rs.7, 000/- 2 10) Wages pi Pm 11) Salaries paid Rs.5, 200/- 12) Carriage Inwards Rs.1, 360/- 13) Carriage Outwards Rs.1, 500/- 14) Received Commission Rs.3, 200/- 15) Rent paid Rs.5, 000/- Solution:-