B.COM.

(P) I Semester – PRACTICAL EXAM: 2019

Part B: Computerized Accounts
Duration: 1 hour Max. Marks: 20
University Roll No: ___________________________.
Marks Obtained:
Name of the Student: ___________________________
The company details are as follows; Signature
i. Name- University Roll No
ii. Address: Your Address, Your Phone & Mobile No., Your Email ID
iii. Email Id: yourname@gmail.com
iv. Currency Symbol: Rs.
Enter the following transactions of the Company in Tally and show various reports
⮚ All purchase and sales transactions of goods, Payment to creditors, and receipts from
debtors are done through State Bank of India
⮚ Any other payment and receipt is done through Axis Bank.
Balance Sheet as at 31 March 2019
Liabilities Amount Assets Amount
Capital 1500000 Land and Buildings 1000000
Reserves 500000 Plant and Machinery 500000
Profit and Loss Account 400000 Furniture 300000
Secured loan 500000 Investment 250000
Debentures 500000 Stock 1137500
Loan from Promoters 300000 Debtors 460000
Provision for tax 250000 Bills Receivables 90000
Bills Payable 98000 State Bank of India 476000
Sundry Creditors 380000 Axis Bank 228500
Salaries outstanding 30000 Cash in Hand 30000
Rent outstanding 20000 Prepaid insurance 6000
4478000 4478000
The company deals in the following stocks:
Name of the Items Group Quantity Rate (Rs) Opening Stock Value
HP Laptop 200 sets 1500 300000
Dell Laptop 180 sets 1250 225000
Lenovo Laptop 150 sets 1150 172500
Samsung Mobile 400 sets 650 260000
Nokia Mobile 325 sets 400 130000
Oppo Mobile 200 sets 250 50000
Total 1137500
The list of company debtors and creditors is as follows:
Debtors Balance Creditors Balance
Due payable
Arijit 70000 Sunidhi 80000
Mohit 155000 Shreya 68500
Sonu 95000 Neha 121500
Ankit 80000 Neeti 40000
Vishal 60000 Aditi 70000
Total 460000 Total 380000

Record the following transactions:

 S.No Transaction Items Quantity Amount
1 Purchase from Shreya Lenevo laptops 50 60,000
2 Sale to Sonu Samsung Mobile 200 300,000
3 Sale to Ankit Dell Laptops 120 240,000
4 Paid money to Shreya Rs.58,000 in full settlement for the transaction at sr. no. 1 above
5 Received from Sonu and Ankit Rs 295,000 and 235,000 respectively in full settlement for
their current transaction at sr. no. 2 & 3 above
6 Paid to Aditi in full Settlement 60,000
7 Purchase from Sunidhi Oppo Mobiles 150 45,000
8 Purchase from Neeti HP laptops 80 140,000
9 Sale to Vishal (Trade discount 10% on Nokia Mobiles 100 sets List Price Rs.
list price) 2000/- each
10 Purchased furniture at the beginning of the year 50000
11 Paid insurance Premium 14600
12 Purchased Land and Building from XY Ltd for Rs. 12,00,000. to pay this the company
borrowed from bank a loan of Rs. 4,00,000 and issued fully paid debenture of Rs. 8,00,000
to XY Ltd.
13 Sold all the investments 350,000
14 Expenses paid during the year:
1. Outstanding Salaries 20000
2. Electricity 10000
3. Current Salaries 50000
4. Rent (including outstanding) 80000
5. Tax of last year 150000
15 Outstanding
1. Total Salaries 35000
2. Total Provision for Tax 200000
3. Total rent outstanding 25000
Charge Depreciation on furniture @25% p.a. and Machinery @ 10% p.a.
You are required to:-
1. Create a Folder on the desktop with your Exam Roll No.
2. Create a company as per details given above
3. Create appropriate groups and Ledger Accounts.
4. Enter the transactions as given selecting appropriate voucher type.
5. Display the following statements
a. Trial Balance as on 31/3/2020
b. Profit and Loss Account as on 31/3/2020
c. Balance Sheet as on 31/3/2020
d. Cash Book
e. Ratio Analysis
6. Export the Balance sheet and Profit & Loss A/c into your desktop folder