TALLY NEW ASSIMENTS PRECTICS FILE

Enter the following transactions of the Company in Tally and show various reports

➢ All purchase and sales transactions of goods, Payment to creditors, and receipt
from debtors are done through State Bank of India
➢ Any other payment and receipt is done through Punjab National Bank or cash

Balance Sheet as at 31-3-2023

Liabilities Amount Assets Amount
Capital 180000 Land and Buildings 130000
Reserves 50000 Plant and Machinery 50000
Profit and Loss Account 30000 Furniture 30000
Secured loan 50000 Investment 8000
Debentures 100000 Stock -
Loan from Promoters 50000 Debtors -
Provision for tax 25000 Bills Receivables 5000
Bills Payable 10000 Punjab National Bank 80000
Sundry Creditors - State Bank of India 22000
Salaries outstanding 3500 Cash in Hand 2000
Rent outstanding 6000 Prepaid insurance 780
526960 526960

The company deals in the following stocks:

Name of the Items Group Quantity Rate (Rs) Opening Stock Value
Reynolds Pen 100 pcs. 65 6500
Parker Pen 125 pcs. 100 12500
Pilot Pen 108 pcs. 60 6480
Camel Geometry 400 pcs. 157.5 63000
Classmate Geometry 100 pcs. 220 22000
Apsara Geometry 500 pcs. 125 62500
Total 172980

➢ The list of company debtors and creditors is as follows:

Debtors Balance Due Creditors Balance payable

Pranika 4500 Anmol 2500
Vartika 8900 Harshit 3050
Vansh 5200 Mohit 6750
Rohit 3000 Raghav 4260
Ritik 4600 Siddharth 5900
Total 26200 Total 22460

By Vihan Jangid 9983529492 vihanjangid223@gmail.com

 Record the following transactions that took place during the April to
September 2023.

S.No. Transaction Item Quantity Amount

1 Purchase from Anmol Reynolds Pen 20 700
2 Sale to Vartika Parker Pen 125 24000
3 Sale to Rohit Camel Geometry 100 25000
4 Paid money to Anmol in full settlement for the transaction at sr. no. 1 above ( SBI BANK ) 680
5 Received from Vartika and Rohit each in full settlement for their current Rs
transaction at sr. no. 2 & 3 above ( SBI BANK ) 23500

6 Paid to Mohit ( SBI BANK ) 1000

7 Purchase from Harshit Parker Pen 15 1600
8 Purchase from Mohit Reynolds Pen 18 2000
9 Sale to Pranika (Trade discount 10% Pilot Pen 100 Pens. List Price Rs.
on list price) 150/- each
10 Purchased furniture ( PNB BANK) 2500/-
11 Paid insurance Premium (PNB 1560/-
BANK)
12 Purchased Land and Building from XY Ltd for Rs. 1,00,000. to pay this the company borrowed
from bank a loan of Rs. 40,000 and issued fully paid debenture of Rs. 60,000 to XY Ltd.
13 Sold all the investment ( SBI BANK ) 20,000/-
14 Paid ( PNB BANK ) 2000/-
1. Outstanding Salaries…………………………………………………….. 1000/-
2. Electricity……………………………………………………………………… 500/-
3. Telephone……………………………………………………………………… 5000/-
4. Current Salaries……………………………………………………………..
7000/-
5. Rent (including outstanding) =1000+6000……………………..
23000/-
6. Tax of last year……………………………………………………………..

Display the following statements

a. Trial Balance as
b. Profit and Loss Account as
c. Balance Sheet as
d. Cash Book

By Vihan Jangid 9983529492 vihanjangid223@gmail.com