TALLY PRACTICE PROBLEMS

1) COMPANY CREATION

1. Mr. Vinay Started a new business with 5,00,000

2. Furniture purchased 50,000
3. Computer purchased 15,000
4. Rent Paid 8,000
5. Net Bill Paid 800
6. Fees Received 10,000
7. Donation Received 20,000
8. Printer Purchased 5,000

2. CASH & BANK TRANSACTIONS

1. Mr. Ganesh started a new business with 2,25,000/- He opened a new bank account SBI Bank
2. With Opening balance is 75,000/-
3. Computer purchased through Bank 30,000/-
4. Mobile purchased 10,000/-
5. Rent paid through bank 15,000/-
6. Salary paid through bank 22,000/-
7. Donation Received 15,000/-
8. Commission received through bank 10,500/-
9. Computer purchased 20,000/-
10. Petty expense’s 950/-
11. Computer Purchased through bank 25,000/-
12. Interest received through bank 15,500/-
13. Mobile was sold 50% Profit

3. BANK CHEQUES

1. Mr. Rakesh started a new business with a 4,00,000/-

2. Cash deposited into SBI bank 1,00,000/-
3. Cash deposited into Andra Bank 1,00,000/-
4. Rent paid by Andra Bank Cheque 15,000/- (Chq No-450772)
5. Salary paid by SBI cheque 12,000/- (chq no-122330)
6. Andra Bank cheque issued to Kumar 45,000/- (Chq No: - 750321)
7. Donation Received 9000/-
8. Interest paid through SBI bank 2,500/-
9. Andra Bank cheque received from Surya Pipes Pvt Ltd 25,000/- (chq No: 501517)

4. DEPRECIATION

1. Mr. Krishna Started a new business with 6,00,000/-

2. Flat purchased 2,50,000/-
3. Bike Purchased 45,000/-
4. Computer purchased 12,000-/
5. Depreciation on computer - 1,200/-
6. Depreciation on bike - 12,000/-
7. Computer was sold 10% profit
8. Flat was sold with 50% profit Office expense’s 3000/-
9. Office income 8000/-
5. CREDIT OPERATIONS
1. Mr. Karan started a new business with 2,00,000/-
2. Cash deposited into SBI 50,000/-
3. Office expense’s 5,500/-
4. Computer purchased from Pooja technologies 22,000/-
5. Furniture purchased from Vijaya traders 14,000/-
6. Donation received through bank 18,000/-
7. Cash paid to Pooja technologies
8. Cash paid to Vijaya traders
9. Depreciation on Computer 2,500/-
10. Cash withdraw from SBI 25,000/-
11. Cash paid to Krishna 30,000/-
12. Cash Received from Krishna 4000/- only
13. Computer was sold to Pavani 10% profit
14. Cash from Pavani

6. INVENTORY MANAGEMENT (STOCK ITEM)

1. Mr. Praveen started a new business with 3,00,000/-
2. Power bill paid 1,200/-
3. Salary paid 15,000/-
4. Interest Received 22,000/-
5. Purchase Color TV’s 10 sets each one 9,000/-
6. Sales as follows
a) Color TV’s 5 Sets each one 15,000/-
b) Color TV’s 3 Sets each one 7,500/-
c) Color TV’s 2 Sets each one 12,000/-

7. STOCK ITEMS EXTRA PROBLEM

1. Mr. Prashanth started a new business 5,00,000/-
2. Cash deposited into SBI 1,00,000/-
3. Cash deposited into Andra bank 2,00,000/-
4. Rent paid 1,000/-
5. Purchase as follows:-
a) Rice 25 Bags each one 1050/-
b) Oil 20 Cans each one 2600/-
c) Sugar 35 Bags each one 2350/-
d) LUX Soap 50 each one 40
6. Cash withdraw from SBI 17,000/-
7. Cash transfer to Andra bank to SBI 35,000/-
8. Sales as follows through Andra bank: -
a) Rice 15 Bags each one 1500/-
b) Oil 14 Cans each one 3200/-
e) Lux soaps 30 pieces each one 55/-
d) Sugar 25 Bags each one 3100/-
9. SBI Cheque issued to Kumar 10,000/- (Cheque No: - 170589)
10. Sales as follows:-
a) Rice 10 Bags each one 1250/-
b) Oil 5 Cans each one 2900/-
c) Sugar 7 Bags each one 2700/-
d) Lux soaps 20 Pieces each one 47/-
11. Cash Transfer to SBI to Andra Bank 13,000/-
12. Cash Received from Kumar through SBI 10,000/-
8) CREDIT NOTRE AND DEBIT NOTE
1) Mr.Shivu started a new business with 5,00,000/-
2) Purchase as follows: -
a) Computer - 15 Sets each one 16,000/-
b) Pen drives - 50 No's each one 350/-
c) Headphone - 35 Sets each one 170/-
3) Purchase Returns: -
a) Computers - 3 Sets
b) Pen drives - 7 Sets
c) Headphones - 5 Sets
4) Sales as follows: -
a) Computers - 12 Sets each one 25,000/-
b) Pen drives - 43 No's each one 550/-
c) Headphones - 30 Sets each one 300/-
5) 5) Sales Returns: -
a) Pen drives - 8 No's
b) Computers - 2 Sets
c) Headphones - 5 Sets
9) PURCHASE RETURNS AND SALES RETURNS
1) Mr. Ganesh started a new business with 6,00,000/-
2) Furniture purchased 30,000/-
3) Purchase as follows: -
a) LED TV's - 30 Sets each one 15,000/- from Vijaya Traders
b) Washing Machines - 15 Sets each one 22,000/- from Bhuvana Traders
c) Home Theaters - 45 Sets each one 2500/- from Ravi Traders
4) Depreciation on Furniture 4,000/-
5) Sales as follows to Ganesh Traders: -
a) LED TV's -20 Sets each one 27,000/-
b) Washing Machines - 8 Sets each one 40,000/-
c) Home Theaters - 30 Sets each one 4,200/-
6) Sales as follows to Shanti & Co: -
a) Home Theaters - 10 Sets each.one 4,200/-
b) Washing Machines - 7 Sets each one 35,000/-
c) LED Tv's-10 Sets each one 24,000/-
7) Sales Returns: -
a) Washing Machines - 2 Sets from Shanthi & co
b) Home Theaters - 5 Sets from Ganesh Traders
8) Donation Received 10,000/-
9) Travelling expense’s 1.700/-
10) Purchase Returns: -
a) Home Theaters - 5 Sets from Ravi Traders
b) Washing Machines - 2 Sets from Bhuvana Traders
11) Cash paid to Vijaya traders.
12) Cash paid to Bhuvana Traders 13) Cash Paid to Ravi Traders
13) Cash from Ganesh Traders
14) Cash from Santhi & co 60% Only.

10.CASH DISCOUNT
1) Mr. Suresh started a Mobile business with 4,00,000/-
2) Cash deposited into SBI 50,000/-
3) Furniture purchased 15,000/-
4) Purchase as follws:-
a) Samsung Mobile - 15 sets @ 7000/- Cash discount 12%
 b) Lenovo mobile - 10 sets @ 5500/- Cash discount 15%
c) Nokia Lumia mobile - 5 sets @ 6000/- Cash discount 25%
5) Cash withdraw from SBI 30,000/-
6) Sales as follows:-
a) Samsung mobile - 15 sets @ 12,000/- Cash discount 10%
b) Lenovo mobiles - 10sets @ 9,000/- Cash discount 20%
c) Nokia lumia mobiles - 5 sets @11,000/- Cash discount 30%
7. Sales returns:-
a) Lenovo mobiles - 2 sets Cash discount 20%
b) Nokia Lumia mobiles - 1 set Cash discount 30%
8. Purchase returns:-
a) Lenovo Mobiles - 2set Cash discount 15%
b) Nokia Lumia mobiles - 1 set Cash discount 25%
11) TRADE DISCOUNT
1) Mr. Sandeep started a New business with 7,00,000/-
2) Rent paid through Bank 20,000/-
3) Cash deposited into HDFC Bank 1,00,000/-
4) Purchase as follows:-
a) Computers 20 Sets @ 15,000/- Bill Counted 17 Sets
b) Laptop's 15 Sets @ 23,000/- Cash Discount 5.7%
c) Ext Hard Disks 30 Sets @ 4,000/- Bill Counted 25 Sets
5) Purchase as follow's from Revanth Traders:-
a) Laptop's 10 Sets @ 20,000/- Bill Counted 9 Sets
b) Ext Hard Disks 5 Sets @ 3,500/- Cash Discount 10.7%
6) Sales as follow's Through Bank:-
a) Computers 15 Sets @ 21,000/- Bill Counted 14 Sets
b) Laptop's 15 Sets @ 40,000/- Bill Counted 12 Sets
c) Ext Hard Disks 20 Sets @ 7,000/- Bill Counted 18 Sets
d) Ext Hard Disks 10 Sets @ 6,200/- Cash discount 3.5%
7) Sales as follow's to Raja Traders
a) Laptop's 10 Sets @ 35,000/- Bill Counted 8 Sets
b) Ext Hard disks 5 Sets @ 6,500/- Bill Counted 4 Sets
8) Cash withdraw from HDFC Bank 75,000/-
9) Cash paid to Revanth Traders
10) Cash from Raja Traders
12) PURCHASE ORDER
1) Mr. Deva started a new business with 3,00,000/-
2) Purchase order given to Rupa Traders with Order No: - 325 - As follows
a) CRT Monitors 10 No's Each one 3000/-
b) LCD Monitors 15 No's Each one 4500/- discount 4.5%
c) LED Monitors 25 No's Each one 6000/-
3) Goods received from Rupa Traders with Order No: - 325
4) Purchase Order given to vijaya Traders with Order No: - 907 - As follows
a) Key Boards 10 No's Each one 300/- bill counted 9 No's
b) Mouse’s 20 No's Each one 150/- discount 2%
6) Goods received from Vijaya Traders with Order No: - 907
7) Cash paid to Rupa Traders
8) Cash paid to Vijaya Traders
9) Sales as follows: -
a) CRT Monitors 10 No's each one 4200/- discount 1.5%
b) LCD Monitors 15 No's each one 5600/- bill counted 14 No's
c) LED Monitors 25 No's each one 8500/-
 d) Keyboards 10 No's each one 550/- bill counted 8 No's
e) mouse’s 20 No's each one 220/- discount 3%

13) SALES ORDER

1) Mr. Ramu started a new small business with 50,000/-

2) Purchase order given to Anand Traders with order No. 301 - As follows
a) Rin Soaps 10 Pieces Each one 150/- discount 2.5%
b) Lux Soaps 20 Pieces each one 200/- bill counted 18 pieces
c) Dove soaps 15 Pieces each one 170/- discount 2.5%
d) Santhoor soaps 10 Pieces each one 130/- bill counted 9 Pieces
e) Pears soaps 25 Pieces each one 220/- discount 3.2%
3) Received goods from Anand Traders Order No: - 301
5) Sales order received to Sindhu Traders with Order No: - 205 - As follows
a) Rin Soaps 8 Pieces Each one 200/- bill counted 7 pieces
b) Lux Soaps 18 Pieces each one 230/- discount 1.7%
c) Dove soaps 10 Pieces each one 210/- bill counted 9 Pieces
d) Santhoor soaps 6 Pieces each one 160/-
e) Pears soaps 20 Pieces each one 250/- discount 3.1%
6) Goods given to Sindhu Traders Order No: - 205
7) Cash paid to Anand Traders
8) Cash From Sindhu Traders

14) GODOWN ENTRY

1) Mr. Ashok Started a new business with 10,00,000/-

2) Purchase LED Tv's 10 Sets Each one 12,000/-
(Above Stock Under Autonagar Godown)
3) Purchase Air condition’s (A/C's) 10 Sets each one 40,000/-
(Above Stock Under Ganesh Godown)
4) 10 Sets LED TV’s Transfer to Main Location
5) 5 Sets Air-conditions (A/C's) Transfer to Main Location
6) Sales as follows: -
a. LED Tv's 8 Sets Each one 20,000/-
b. Air condition's (A/c's) 3 Sets each one 55,000/-
c. Air condition's (A/c's) 4 Sets each one 51,000/- from Ganesh Godown

15) MULTIPLE PRICE LIST

1) Mr Manju started a new business with 5,00,000/-

2) Cash Deposited into Andra Bank 1,50,000/-
3) Furniture purchased 25,000/-
4) Sallary Paid 15,000/- though bank
5) Depreciation on Furniture 4,000/-
6) Purchase as follows
a) Nokia Mobiles 10 Sets Each one 6,000/-
b) Lava Mobiles 20 Sets Each one 3,500/-
c) Samsung Mobiles 15 Sets Each one 5,000/-
d) Lenovo Mobiles 25 Sets Each one 4,500/-
 7) Sales as follows: -
a) Nokia Mobiles 5 Sets Each one 7,500/- Dealer Price
b) Samsung Mobiles 2 Sets Each one 9,000/- Retailer Price
c) Lenovo Mobiles 10 Sets Each one 5,000/- Dealer Price
d) Lava Mobiles 10 Sets each one 5,500/- Wholesale Price
e) Nokia Mobiles 2 Sets Each one 9,200/- Customer Price
f) Lenovo Mobiles 8 Sets Each one 6,500/- Wholesale Price
g) Samsung Mobiles 6 Sets Each one 8,000/- Wholesale Price
h) Lava Mobiles 5 Sets each one 4,200/- Dealer Price
i) Lava Mobiles 2 Sets each one 6,300/- Retailer Price
j) Nokia Mobiles 2 Sets Each one 8,400/- Wholesale Price
k) Samsung Mobiles 2 Sets Each one 9,800/- Dealer Price
l) Lenovo Mobiles 2 Sets Each one 7,000/- Customer Price
m) Samsung Mobiles 2 Sets Each one 9,800/- Customer Price
n) Lenovo Mobiles 2 Sets Each one 7,000/- Retailer Price
o) Lava Mobiles 2 Sets each one 6,900/- Customer Price
8) Commission Received through Bank 17,000/-

16) DRAWING ENTRIES

1) Mr Suresh started a new business with 5,00,000/-

2) Cash deposited into HDFC Bank 1,00,000/-
3) Bike Purchased 70,000/-
4) He draw 1,00,000/- Amount for Personal Use.
5) He Return After 6 Months -Monthly Interest is 4,000/-
6) Cash withdraw from HDFC Bank 50,000/-
7) Salary paid through bank 12,000/-
8) Donation Received 24,000/-
9) Petty income 8,500/-
10) Company Paid interest on Capital to Mr. Suresh 10,500/-