TALLY BASIC EXAMINATION

ELEVATE SKILLS USA Time: 1 Hour

Full Marks: 100

QUESTION NO. 1: Create a New Company

Company Name: Sikharapur Enterprises Private Limited.

Nature of Business: Trading Company

Fiscal Year Starting from: 2023- July-01

QUESTION NO. 2: Date: 2023-Jul-01

Initial Capital Investment in cash Rs. 20,00,000.

QUESTION NO. 3: Date: 2023-Jul-05

1 set Computer purchased amounting Rs. 40,000 from Isaac Trade Center through cash.

QUESTION NO. 4: Date: 2023-Jul-06

Following items purchased from IMS GROUP COMPANY

Bill NO. 145 (IN Credit)

S.N Items Qty Rate Amount

1 Samsung TV 43” 20 20,000 4,00,000
2 Samsung TV 55” 10 25,000 2,50,000
Taxable Amount 6,50,000
VAT @ 13% 84,500
Total Amount 7,34,500

QUESTION NO. 5: Date: 2023-Jul-08

Following items Sold from our company to M/S Vianet Communication Ltd.

Bill NO. 001 (In Credit)

S.N Items Qty Rate Amount

1 Samsung TV 43” 10 30,000 3,00,000
2 Samsung TV 55” 5 35,000 1,75,000
Taxable Amount 4,75,000
VAT @ 13% 61,750
Total Amount 5,36,750
QUESTION NO. 6: Date: 2023-Jul-10

Office Rent Paid for the month of July 2023 amounting Rs. 30000 in cash

QUESTION NO. 7: Date: 2023-Jul-11

Cash Deposited into Bank (Nepal Bank Ltd.) amounting Rs. 15,00,000.

QUESTION NO. 8: Date: 2023-Jul-13

Payment Made to IMS GROUP COMPANY through cheque Rs. 6,00,000

QUESTION NO. 9: Date: 2023-Jul-15

Amount received from customer Vianet Communication Ltd. In cash Rs. 367,250.

QUESTION NO. 10: Date: 2023-Jul-20

Salary Paid to Employee for the month of july 2023 through bank.

Gross Salary: 1,00,000

SSF Deduction: 10,000

TDS Deduction: 8,000

Net Salary : 82,000

Best of Luck