The document contains questions related to accounting practices for various companies. It includes questions to create general ledgers, pass journal entries, show trial balances and financial statements for companies like Exchanger Services Pvt Ltd, Sagar Industries Ltd, Jakharia Computer Institute, and Daimand Infrasture Pvt Ltd. There are also questions on inventory management for companies like IBM Company and Sai Service & Motor Trader.
Tally is accounting software used to record transactions and prepare financial statements. It has several key features like managing single or multiple groups of accounts, storing account details, and securely generating financial reports like balance sheets with daily transaction entries. The document then explains the basic types of accounts, the opening screen layout in Tally, how to create a new company, configure company options, and create single or multiple groups of accounts to categorize transactions.
- The document contains details of various accounting transactions recorded through journal entries in the books of different proprietorship businesses. It includes transactions related to capital introduction, purchases, sales, payments, receipts and other expenses.
- The transactions are recorded in the debit and credit columns along with brief narration describing the nature of each transaction. Multiple journal entries are provided as solutions to different accounting problems.
1. The document provides instructions for completing various accounting tasks in Tally.ERP 9 including: creating a new company and recording transactions, preparing financial statements with adjustments, preparing cash flow and fund flow statements with ratio analysis, preparing a trial balance with adjustments, and preparing subsidiary books.
2. It also provides details for preparing receipts and payments accounts and income and expenditure accounts for a non-trading organization, including sample data for the Delhi Football Association for the year ended March 31, 2017.
3. Key tasks covered include recording transactions, preparing trading, profit and loss, and balance sheet accounts, making adjustments, calculating inventory under different costing methods, and maintaining subsidiary books for cash, purchases and sales.
The document discusses voucher types in Tally accounting software. It describes the different types of vouchers like sales, purchase, payment, receipt and journal vouchers. It provides examples of transactions and explains which voucher type to use for each. It also explains the role of buttons in voucher entry and changing voucher types. The exercises at the end demonstrate how to analyze transactions and select the appropriate voucher type.
1. The document contains questions asking to journalize transactions from various accounting assignments including journal entries, ledger accounts, trial balance, final accounts, and adjustments.
2. Journal entries are provided for starting a business, purchases, expenses, sales, and various other common accounting transactions over multiple periods.
3. Ledger accounts are to be prepared for stationery, capital, cash, purchases and other common accounts.
4. Trial balances are to be prepared from ledger account balances and adjustments.
5. Final accounts including trading account, profit and loss account, and balance sheet are to be prepared based on income statements, trial balances, and adjusting entries.
The document discusses different types of journal entries in accounting including entries for capital received, payments made, transfers between cash and bank accounts, purchases and sales, and provides examples for each type of entry. It also provides a list of transactions to journalize including starting a business, various cash receipts and payments, purchases and sales for cash and on credit.
The document provides information about Tally accounting software. It discusses the different generations of Tally software and their features. It also describes how to create a company, accounts masters like ledgers and voucher types in Tally. The document explains the different types of vouchers like contra, payments and receipts and how to enter transactions using these vouchers.
Tally is accounting software used to record transactions and prepare financial statements. It has several key features like managing single or multiple groups of accounts, storing account details, and securely generating financial reports like balance sheets with daily transaction entries. The document then explains the basic types of accounts, the opening screen layout in Tally, how to create a new company, configure company options, and create single or multiple groups of accounts to categorize transactions.
- The document contains details of various accounting transactions recorded through journal entries in the books of different proprietorship businesses. It includes transactions related to capital introduction, purchases, sales, payments, receipts and other expenses.
- The transactions are recorded in the debit and credit columns along with brief narration describing the nature of each transaction. Multiple journal entries are provided as solutions to different accounting problems.
1. The document provides instructions for completing various accounting tasks in Tally.ERP 9 including: creating a new company and recording transactions, preparing financial statements with adjustments, preparing cash flow and fund flow statements with ratio analysis, preparing a trial balance with adjustments, and preparing subsidiary books.
2. It also provides details for preparing receipts and payments accounts and income and expenditure accounts for a non-trading organization, including sample data for the Delhi Football Association for the year ended March 31, 2017.
3. Key tasks covered include recording transactions, preparing trading, profit and loss, and balance sheet accounts, making adjustments, calculating inventory under different costing methods, and maintaining subsidiary books for cash, purchases and sales.
The document discusses voucher types in Tally accounting software. It describes the different types of vouchers like sales, purchase, payment, receipt and journal vouchers. It provides examples of transactions and explains which voucher type to use for each. It also explains the role of buttons in voucher entry and changing voucher types. The exercises at the end demonstrate how to analyze transactions and select the appropriate voucher type.
1. The document contains questions asking to journalize transactions from various accounting assignments including journal entries, ledger accounts, trial balance, final accounts, and adjustments.
2. Journal entries are provided for starting a business, purchases, expenses, sales, and various other common accounting transactions over multiple periods.
3. Ledger accounts are to be prepared for stationery, capital, cash, purchases and other common accounts.
4. Trial balances are to be prepared from ledger account balances and adjustments.
5. Final accounts including trading account, profit and loss account, and balance sheet are to be prepared based on income statements, trial balances, and adjusting entries.
The document discusses different types of journal entries in accounting including entries for capital received, payments made, transfers between cash and bank accounts, purchases and sales, and provides examples for each type of entry. It also provides a list of transactions to journalize including starting a business, various cash receipts and payments, purchases and sales for cash and on credit.
The document provides information about Tally accounting software. It discusses the different generations of Tally software and their features. It also describes how to create a company, accounts masters like ledgers and voucher types in Tally. The document explains the different types of vouchers like contra, payments and receipts and how to enter transactions using these vouchers.
This document provides information about the accounting software Tally, including:
- A brief history of Tally's creation in 1986 by Peutronics Pvt. Ltd. to simplify the process of financial accounting.
- An introduction to Tally's key features such as its ability to handle all transaction types while following traditional accounting methods.
- Details about the different versions of Tally released over time with additional features.
- An overview of how to set up and use basic Tally functions such as creating a company, accounting chart of accounts, voucher entries, and inventory modules.
The document provides information about accounting fundamentals and Tally 9 accounting software. It discusses key accounting concepts like journal entries, ledger accounts, trial balance and financial statements. It also summarizes the features and benefits of Tally 9 such as speed, real-time access to information, accurate reporting and better decision making. Tally 9 allows users to create companies, alter company information, delete companies and consolidate financial reports of multiple companies into a group.
1. The document provides journal entry problems and instructions to prepare ledger accounts, trading and profit and loss accounts, and trial balances from transaction details and trial balance figures provided.
2. Solutions are requested for 16 problems involving preparing journal entries, ledger accounts, trading and profit and loss accounts, balance sheets, and trial balances based on the transaction information and adjustments given. Adjustments include closing stock valuations, outstanding items, depreciation, provisions, and prepayments.
3. The problems cover a range of accounting tasks including journalizing transactions, preparing ledger accounts, trial balances, and final accounts with adjustments for a sole proprietorship.
1) Tally ERP 9 is an accounting software that integrates various business operations like sales, finance, purchasing, inventory, and manufacturing.
2) The different versions of Tally have added new features over time, with versions adding online functionality, import/export, VAT, payroll systems, and remote access.
3) In Tally, transactions are recorded using vouchers with different voucher types for receipts, payments, purchases, sales, internal transactions, and adjustments.
This document provides instructions on how to download and install Tally accounting software. It begins by explaining what accounting is and its purpose of tracking a business's financial transactions. It then discusses the different types of accounts in accounting - personal accounts, real accounts, and nominal accounts. The document provides examples and rules for each type of account. It also covers common accounting vouchers used in Tally like receipt vouchers, contra vouchers, payment vouchers, purchase vouchers, and sales vouchers. Finally, it discusses journal vouchers and their use for adjustment entries.
This document provides information about cost categories, cost centers, and transaction details to be entered into Tally ERP 9. It lists managers, office staff, salesmen, and labour as cost centers. It also provides bank balances, cash opening balance, and transaction details with amounts to be allocated to the appropriate cost centers. The summary guides the user to create ledgers, cost categories, and cost centers in Tally ERP 9 and then enter the accounting vouchers to record the various transactions against the relevant ledgers and cost centers.
The document provides an overview of the accounts payable process in SAP, including master data, invoice processing, payments, account analysis and reconciliation, and reporting. Key steps include maintaining vendor master records, entering invoices, processing payments, reconciling accounts, and generating reports. Special processes like foreign currency transactions, reversals, and intercompany billing are also summarized.
Physical Stock Voucher is used for recording the actual stock which is verified or counted. It could happen that the Book Stocks and the Physical Stock do not match. It is not unusual that the company finds a discrepancy between actual stock and computer stock figure.
Tally is accounting software that integrates business operations like sales, finance, purchasing, inventory, and manufacturing. It provides real-time business information from anywhere. The document then outlines the history and features of different versions of Tally over time, including the addition of inventory, VAT, TDS, service tax, payroll, and other features. It also mentions that S.S. Goenka founded Tally Solutions Private Limited in 1986 and that Bharat Goenka is the current managing director.
Tally is an accounting software that integrates business operations like sales, finance, purchasing, inventory and manufacturing. It provides accurate and up-to-date business information. Tally has evolved over the years from DOS-based to window-based versions, adding features for taxation, import/export, remote access and multiple languages. S.S. Goenka founded Tally Solutions in 1986 and Bharat Goenka received lifetime achievement awards for his role as co-founder and managing director in growing the company. The document appears to be about providing training on using Tally software for accounting.
The cash book is the most important subsidiary book in any business concern. Learn about how to maintain entries in cash book while executing tally erp9 software.
A ledger is a record of all transactions organized by account. It has debit and credit sides where transactions are recorded according to date. The difference between the totals indicates the balance - a debit balance means the debit side is higher, while a credit balance means the credit side is higher. Balances are carried forward to the next period to become opening balances. The ledger provides a complete and accurate record of all transactions for each account.
Completing a task requires invaluable contributions from many individuals. The author expresses gratitude to their guide for guidance and encouragement. Thanks are also given to parents for their support. Tally is a powerful accounting software that can handle all types of financial transactions efficiently and accurately through its various features like voucher entries, books of accounts reports, bank reconciliation statements and shortcut keys.
Tally Prime Course Account and Intro.pdfAnusha Lathi
1. The document provides a step-by-step training guide for using Tally Prime accounting software with GST and payroll functionality. It covers topics such as basic accounting concepts, creating companies and ledgers in Tally, entering transactions using different voucher types, inventory management, GST features, and payroll.
2. The guide begins with fundamental accounting concepts and then demonstrates how to install and set up Tally Prime for educational use. It provides instructions for creating accounts, groups, ledgers and entering opening balances.
3. Transactions can be entered in Tally using various voucher types such as payment, receipt, purchase, sales and journal. The document includes examples of entries for starting a business, bank transactions,
Tally.ERP 9 has all the features required for high-performance business management including remote access, audit & compliance services, an integrated support centre and security management, all focused on delivering peace of mind.
Advanced voucher entry tutorial in Tally ERP 9Accounts Arabia
Describe the purpose of the Tally.ERP 9 Accounting Vouchers Create and alter Accounting Vouchers
Use vouchers to enter Accounting transactions
Describe the use of Non-Accounting Vouchers
Describe the purpose of the Tally.ERP 9 Inventory vouchers
Create and alter Inventory Vouchers
Using vouchers to enter Inventory transactions
In accounting terms, a voucher is a document containing the details of a financial transaction. For
example, a purchase invoice, a sales receipt, a petty cash docket, a bank interest statement, and
so on. For every such transaction made, a voucher is used to enter the details into the ledgers to
update the financial position of the company. This feature of Tally.ERP 9 will be used most often.
Here is the bank reconciliation statement presented to show the overdraft balance:
- Begin with the overdraft balance per the cash book
- Add any items that increase the overdraft
- Deduct any items that decrease the overdraft
- End with the overdraft balance per the bank statement
This presentation clearly shows the bank overdraft position.
- Sriram started a business with Rs. 100,000 cash and purchased furniture for Rs. 45,000 and raw materials for Rs. 50,000. He sold raw materials for Rs. 60,000, paid salaries of Rs. 5,000 and rent of Rs. 2,000.
- Srinivas started a business with Rs. 300,000 cash. He purchased plants and machinery for Rs. 100,000 and goods for Rs. 80,000. He sold goods for Rs. 160,000 and had various other expenses.
- Laxman started a business with Rs. 500,000. He purchased furniture, computers and raw materials. He sold raw materials for Rs. 250,000
This document discusses accounting vouchers in Tally. It notes that Tally provides 16 predefined voucher formats to easily record different financial transactions. The main types of accounting vouchers are Contra, Payment, Receipt, Journal, Sales, and Purchase vouchers. Contra vouchers are used for cash/bank transactions. Payment and Receipt vouchers are used for cash/bank payments and receipts. Journal vouchers are for non-cash/bank and non-purchase/sales entries. Sales and Purchase vouchers are used to record cash/credit sales and purchases of goods.
The document contains information on accounting concepts, financial statements, cost and management accounting, and accounting adjustments. It includes short questions defining key accounting terms and concepts, as well as long questions requiring explanations of accounting principles and preparation of financial statements. The document covers topics such as the objectives and functions of accounting, differences between financial, cost, and management accounting, preparation of final accounts, accounting adjustments, and inventory valuation.
This document contains assignments for the course MB0041 - Financial and Management Accounting. The first assignment contains 6 questions related to accounting principles, calculations involving assets, liabilities, and capital. The second assignment contains 5 questions on ratio analysis, cash flow statements, costing methods, and budgetary control. Students are asked to show calculations and explain accounting concepts and tools in their responses.
This document provides information about the accounting software Tally, including:
- A brief history of Tally's creation in 1986 by Peutronics Pvt. Ltd. to simplify the process of financial accounting.
- An introduction to Tally's key features such as its ability to handle all transaction types while following traditional accounting methods.
- Details about the different versions of Tally released over time with additional features.
- An overview of how to set up and use basic Tally functions such as creating a company, accounting chart of accounts, voucher entries, and inventory modules.
The document provides information about accounting fundamentals and Tally 9 accounting software. It discusses key accounting concepts like journal entries, ledger accounts, trial balance and financial statements. It also summarizes the features and benefits of Tally 9 such as speed, real-time access to information, accurate reporting and better decision making. Tally 9 allows users to create companies, alter company information, delete companies and consolidate financial reports of multiple companies into a group.
1. The document provides journal entry problems and instructions to prepare ledger accounts, trading and profit and loss accounts, and trial balances from transaction details and trial balance figures provided.
2. Solutions are requested for 16 problems involving preparing journal entries, ledger accounts, trading and profit and loss accounts, balance sheets, and trial balances based on the transaction information and adjustments given. Adjustments include closing stock valuations, outstanding items, depreciation, provisions, and prepayments.
3. The problems cover a range of accounting tasks including journalizing transactions, preparing ledger accounts, trial balances, and final accounts with adjustments for a sole proprietorship.
1) Tally ERP 9 is an accounting software that integrates various business operations like sales, finance, purchasing, inventory, and manufacturing.
2) The different versions of Tally have added new features over time, with versions adding online functionality, import/export, VAT, payroll systems, and remote access.
3) In Tally, transactions are recorded using vouchers with different voucher types for receipts, payments, purchases, sales, internal transactions, and adjustments.
This document provides instructions on how to download and install Tally accounting software. It begins by explaining what accounting is and its purpose of tracking a business's financial transactions. It then discusses the different types of accounts in accounting - personal accounts, real accounts, and nominal accounts. The document provides examples and rules for each type of account. It also covers common accounting vouchers used in Tally like receipt vouchers, contra vouchers, payment vouchers, purchase vouchers, and sales vouchers. Finally, it discusses journal vouchers and their use for adjustment entries.
This document provides information about cost categories, cost centers, and transaction details to be entered into Tally ERP 9. It lists managers, office staff, salesmen, and labour as cost centers. It also provides bank balances, cash opening balance, and transaction details with amounts to be allocated to the appropriate cost centers. The summary guides the user to create ledgers, cost categories, and cost centers in Tally ERP 9 and then enter the accounting vouchers to record the various transactions against the relevant ledgers and cost centers.
The document provides an overview of the accounts payable process in SAP, including master data, invoice processing, payments, account analysis and reconciliation, and reporting. Key steps include maintaining vendor master records, entering invoices, processing payments, reconciling accounts, and generating reports. Special processes like foreign currency transactions, reversals, and intercompany billing are also summarized.
Physical Stock Voucher is used for recording the actual stock which is verified or counted. It could happen that the Book Stocks and the Physical Stock do not match. It is not unusual that the company finds a discrepancy between actual stock and computer stock figure.
Tally is accounting software that integrates business operations like sales, finance, purchasing, inventory, and manufacturing. It provides real-time business information from anywhere. The document then outlines the history and features of different versions of Tally over time, including the addition of inventory, VAT, TDS, service tax, payroll, and other features. It also mentions that S.S. Goenka founded Tally Solutions Private Limited in 1986 and that Bharat Goenka is the current managing director.
Tally is an accounting software that integrates business operations like sales, finance, purchasing, inventory and manufacturing. It provides accurate and up-to-date business information. Tally has evolved over the years from DOS-based to window-based versions, adding features for taxation, import/export, remote access and multiple languages. S.S. Goenka founded Tally Solutions in 1986 and Bharat Goenka received lifetime achievement awards for his role as co-founder and managing director in growing the company. The document appears to be about providing training on using Tally software for accounting.
The cash book is the most important subsidiary book in any business concern. Learn about how to maintain entries in cash book while executing tally erp9 software.
A ledger is a record of all transactions organized by account. It has debit and credit sides where transactions are recorded according to date. The difference between the totals indicates the balance - a debit balance means the debit side is higher, while a credit balance means the credit side is higher. Balances are carried forward to the next period to become opening balances. The ledger provides a complete and accurate record of all transactions for each account.
Completing a task requires invaluable contributions from many individuals. The author expresses gratitude to their guide for guidance and encouragement. Thanks are also given to parents for their support. Tally is a powerful accounting software that can handle all types of financial transactions efficiently and accurately through its various features like voucher entries, books of accounts reports, bank reconciliation statements and shortcut keys.
Tally Prime Course Account and Intro.pdfAnusha Lathi
1. The document provides a step-by-step training guide for using Tally Prime accounting software with GST and payroll functionality. It covers topics such as basic accounting concepts, creating companies and ledgers in Tally, entering transactions using different voucher types, inventory management, GST features, and payroll.
2. The guide begins with fundamental accounting concepts and then demonstrates how to install and set up Tally Prime for educational use. It provides instructions for creating accounts, groups, ledgers and entering opening balances.
3. Transactions can be entered in Tally using various voucher types such as payment, receipt, purchase, sales and journal. The document includes examples of entries for starting a business, bank transactions,
Tally.ERP 9 has all the features required for high-performance business management including remote access, audit & compliance services, an integrated support centre and security management, all focused on delivering peace of mind.
Advanced voucher entry tutorial in Tally ERP 9Accounts Arabia
Describe the purpose of the Tally.ERP 9 Accounting Vouchers Create and alter Accounting Vouchers
Use vouchers to enter Accounting transactions
Describe the use of Non-Accounting Vouchers
Describe the purpose of the Tally.ERP 9 Inventory vouchers
Create and alter Inventory Vouchers
Using vouchers to enter Inventory transactions
In accounting terms, a voucher is a document containing the details of a financial transaction. For
example, a purchase invoice, a sales receipt, a petty cash docket, a bank interest statement, and
so on. For every such transaction made, a voucher is used to enter the details into the ledgers to
update the financial position of the company. This feature of Tally.ERP 9 will be used most often.
Here is the bank reconciliation statement presented to show the overdraft balance:
- Begin with the overdraft balance per the cash book
- Add any items that increase the overdraft
- Deduct any items that decrease the overdraft
- End with the overdraft balance per the bank statement
This presentation clearly shows the bank overdraft position.
- Sriram started a business with Rs. 100,000 cash and purchased furniture for Rs. 45,000 and raw materials for Rs. 50,000. He sold raw materials for Rs. 60,000, paid salaries of Rs. 5,000 and rent of Rs. 2,000.
- Srinivas started a business with Rs. 300,000 cash. He purchased plants and machinery for Rs. 100,000 and goods for Rs. 80,000. He sold goods for Rs. 160,000 and had various other expenses.
- Laxman started a business with Rs. 500,000. He purchased furniture, computers and raw materials. He sold raw materials for Rs. 250,000
This document discusses accounting vouchers in Tally. It notes that Tally provides 16 predefined voucher formats to easily record different financial transactions. The main types of accounting vouchers are Contra, Payment, Receipt, Journal, Sales, and Purchase vouchers. Contra vouchers are used for cash/bank transactions. Payment and Receipt vouchers are used for cash/bank payments and receipts. Journal vouchers are for non-cash/bank and non-purchase/sales entries. Sales and Purchase vouchers are used to record cash/credit sales and purchases of goods.
The document contains information on accounting concepts, financial statements, cost and management accounting, and accounting adjustments. It includes short questions defining key accounting terms and concepts, as well as long questions requiring explanations of accounting principles and preparation of financial statements. The document covers topics such as the objectives and functions of accounting, differences between financial, cost, and management accounting, preparation of final accounts, accounting adjustments, and inventory valuation.
This document contains assignments for the course MB0041 - Financial and Management Accounting. The first assignment contains 6 questions related to accounting principles, calculations involving assets, liabilities, and capital. The second assignment contains 5 questions on ratio analysis, cash flow statements, costing methods, and budgetary control. Students are asked to show calculations and explain accounting concepts and tools in their responses.
SMU_MBA-Solved-Assignment-Mb0041 financial and management accounting spring20...pkharb
This document provides details of an assignment for a Financial and Management Accounting subject in an MBA program. It includes 5 questions related to analyzing transactions under the traditional accounting approach, journal entries for errors detected in a trial balance, preparing an adjusted trial balance, analyzing trend ratios for Infosys Technologies Ltd over 5 years, and explaining cash flow analysis and the preparation of a cash flow statement.
This document provides an overview of Shaila Enterprises, a sole proprietorship stationery and printing business. The business sells stationery items and provides printing, photocopying, and spiral binding services. It has an initial capital of Rs. 500,000 and is located near colleges in Electronic City. The business aims to earn profits to expand its product stock and number of outlets. Financial projections estimate sales of Rs. 650,000, Rs. 750,000 and Rs. 900,000 over the first three years with corresponding gross profits of Rs. 145,000, Rs. 197,000 and Rs. 245,000.
1) Pramod started a business with Rs. 100,000 capital. He purchased furniture for Rs. 15,500 and received Rs. 850 in commission. He sold the furniture for Rs. 15,500.
2) Reena and Sanjay both started businesses, purchasing goods and machinery on credit. Sanjay took a loan from a bank.
3) The transactions involve multiple businesses recording purchases, sales, expenses, payments received and made, and adjusting account balances.
Ann Enterprise needs to make adjusting journal entries at the end of 2006 for various accrual and deferral transactions. These include recording rent and insurance expenses for December, allocating revenue received in advance across multiple months, adjusting supplies and prepaid insurance, recording fees earned but unbilled, and depreciating office equipment. Yong also needs to make entries to write off additional bad debts based on percentages of outstanding debtors and set up a provision for doubtful debts account.
The document contains a summary of transactions from July 1 to July 26 for an accounting period. It records debits and credits to various accounts including cash, inventory, accounts payable, accounts receivable, and others. It also includes income statements and balance sheets for Joseph's Vacuum Cleaners as of December 31, 2012 showing assets, liabilities, equity, revenues and expenses.
A garments accessories company in Bangladesh and it's accounting system.Abdullah Muhammad Dhrubo
Bhai Bhai Trading Corporation is a garments and accessories company located in Dhaka, Bangladesh. The document discusses Bhai Bhai's business plan, which includes obtaining a bond-license, purchasing new machines, and replacing its current accounting system. It then examines Bhai Bhai's current accounting system, noting that it does not utilize double-entry bookkeeping. Finally, the document reflects on the group's work experience studying Bhai Bhai's operations.
The document provides information about a website that offers solved assignments for various courses, including details on connecting via Facebook, subscribing to receive assignments by email, and requesting specific solved assignments. It also includes a sample assignment question and answer from an accountancy and financial management course. The document aims to promote the website as a resource for students to access solved assignments.
1) The document discusses establishing a small scale scissors manufacturing business called Angle Pvt. Ltd. in Rajkot, Gujarat, India.
2) It provides details on the promoters, location, machinery, production process, staffing, and market potential for the scissors business.
3) The business aims to take advantage of benefits available to small scale industries in India and sees good growth potential given the expanding market for consumer goods and few major competitors in scissors manufacturing.
The trial balance provided is for Mr. A as of March 31, 2009 and includes 15 accounts with debits totaling Rs. 47,900 and credits totaling Rs. 47,900. It shows assets, expenses, liabilities, capital, and drawings for the period.
This document outlines the accounting cycle for a company, including journal entries, T-accounts, adjustments, trial balances, financial statements, and closing entries. Key events include issuing stock, purchasing equipment, paying and receiving various expenses and revenues, and closing entries to transfer account balances to income summary and retained earnings accounts.
1. Min owns a travel business. In December 2006, various transactions occurred including investing cash, hiring a secretary, purchasing assets, rendering services, withdrawing cash. The summary asks to record transactions, prepare income statement for December 2006 and balance sheet as of December 31, 2006.
2. J.S. Hwang's ledger contains account balances as of June 30, 2006. Additional information is provided. The summary asks to prepare trading/profit and loss account for year ended June 30, 2006 and balance sheet as of that date.
3. Daniella Floss operates a dental practice. A trial balance summarizes the year's activities. Additional information is provided. The summary asks to prepare income statement for year ended
This document outlines the benefits and income opportunities available through a ONE BASIC RESOURCES OF OPPORTUNITIES (1BRO) membership. The package includes various materials and benefits like an accident insurance policy. Members can earn income by reloading prepaid loads, referring new dealers who also earn bonuses, and participating in a pairing bonus program where members are paired daily. The document estimates that members could earn over 1 million pesos in commissions within a year through the power of exponential growth in their sales force by continuously referring new members.
The document discusses adjusting entries for accounting transactions. It provides examples of adjusting entries for depreciation, supplies, prepaid rent, and unearned revenue. It also calculates book value of equipment and the adjusting entry needed for earned revenue that was initially recorded as unearned. Exercises are included for students to practice preparing adjusting entries.
WE PROVIDE SINGLE TARGET MCX COMMODITY THROUGH WELL ANALYSED BY BOTH TECHNICAL & FUNDAMENTAL BASIS… For More Details Call @ 8122363668, Visit @ http://mcxanalyst.com/
The trial balance provided is for Adhithya & Dharmaraj Co. as of December 31, 2005. It includes asset and liability accounts such as plant and machinery, building, sundry debtors, bank balances, capital, as well as income and expense accounts like purchases, wages, carriage outward, sales, interest received. Closing stock is valued at Rs. 90,000. The required tasks are to prepare the trading and profit & loss account for the year ended December 31, 2005 and a balance sheet as of that date.
The document provides a trial balance and adjustments for a partnership firm owned by Devan and Hemang. It includes accounts for capital, debtors, creditors, stock, purchases, sales, expenses and fixed assets. Adjustments are provided for closing stock valuation, partner's interest on capital and drawings, depreciation, bad debts reserve and outstanding expenses. Final accounts including trading account, profit and loss account and balance sheet are to be prepared from the information given.
The document contains 8 questions with financial information for various companies. The questions ask to calculate ratios such as current ratio, liquidity ratio, stock turnover ratio, debtors turnover ratio, gross profit ratio, operating profit ratio, net profit ratio, working capital ratio, fixed asset turnover ratio, debt-equity ratio, creditors turnover ratio, and acid test ratio from the income statements, balance sheets, sales figures and other financial details provided.
Executive Directors Chat Leveraging AI for Diversity, Equity, and InclusionTechSoup
Let’s explore the intersection of technology and equity in the final session of our DEI series. Discover how AI tools, like ChatGPT, can be used to support and enhance your nonprofit's DEI initiatives. Participants will gain insights into practical AI applications and get tips for leveraging technology to advance their DEI goals.
This slide is special for master students (MIBS & MIFB) in UUM. Also useful for readers who are interested in the topic of contemporary Islamic banking.
How to Manage Your Lost Opportunities in Odoo 17 CRMCeline George
Odoo 17 CRM allows us to track why we lose sales opportunities with "Lost Reasons." This helps analyze our sales process and identify areas for improvement. Here's how to configure lost reasons in Odoo 17 CRM
This presentation was provided by Steph Pollock of The American Psychological Association’s Journals Program, and Damita Snow, of The American Society of Civil Engineers (ASCE), for the initial session of NISO's 2024 Training Series "DEIA in the Scholarly Landscape." Session One: 'Setting Expectations: a DEIA Primer,' was held June 6, 2024.
A workshop hosted by the South African Journal of Science aimed at postgraduate students and early career researchers with little or no experience in writing and publishing journal articles.
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...PECB
Denis is a dynamic and results-driven Chief Information Officer (CIO) with a distinguished career spanning information systems analysis and technical project management. With a proven track record of spearheading the design and delivery of cutting-edge Information Management solutions, he has consistently elevated business operations, streamlined reporting functions, and maximized process efficiency.
Certified as an ISO/IEC 27001: Information Security Management Systems (ISMS) Lead Implementer, Data Protection Officer, and Cyber Risks Analyst, Denis brings a heightened focus on data security, privacy, and cyber resilience to every endeavor.
His expertise extends across a diverse spectrum of reporting, database, and web development applications, underpinned by an exceptional grasp of data storage and virtualization technologies. His proficiency in application testing, database administration, and data cleansing ensures seamless execution of complex projects.
What sets Denis apart is his comprehensive understanding of Business and Systems Analysis technologies, honed through involvement in all phases of the Software Development Lifecycle (SDLC). From meticulous requirements gathering to precise analysis, innovative design, rigorous development, thorough testing, and successful implementation, he has consistently delivered exceptional results.
Throughout his career, he has taken on multifaceted roles, from leading technical project management teams to owning solutions that drive operational excellence. His conscientious and proactive approach is unwavering, whether he is working independently or collaboratively within a team. His ability to connect with colleagues on a personal level underscores his commitment to fostering a harmonious and productive workplace environment.
Date: May 29, 2024
Tags: Information Security, ISO/IEC 27001, ISO/IEC 42001, Artificial Intelligence, GDPR
-------------------------------------------------------------------------------
Find out more about ISO training and certification services
Training: ISO/IEC 27001 Information Security Management System - EN | PECB
ISO/IEC 42001 Artificial Intelligence Management System - EN | PECB
General Data Protection Regulation (GDPR) - Training Courses - EN | PECB
Webinars: https://pecb.com/webinars
Article: https://pecb.com/article
-------------------------------------------------------------------------------
For more information about PECB:
Website: https://pecb.com/
LinkedIn: https://www.linkedin.com/company/pecb/
Facebook: https://www.facebook.com/PECBInternational/
Slideshare: http://www.slideshare.net/PECBCERTIFICATION
Strategies for Effective Upskilling is a presentation by Chinwendu Peace in a Your Skill Boost Masterclass organisation by the Excellence Foundation for South Sudan on 08th and 09th June 2024 from 1 PM to 3 PM on each day.
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UPRAHUL
This Dissertation explores the particular circumstances of Mirzapur, a region located in the
core of India. Mirzapur, with its varied terrains and abundant biodiversity, offers an optimal
environment for investigating the changes in vegetation cover dynamics. Our study utilizes
advanced technologies such as GIS (Geographic Information Systems) and Remote sensing to
analyze the transformations that have taken place over the course of a decade.
The complex relationship between human activities and the environment has been the focus
of extensive research and worry. As the global community grapples with swift urbanization,
population expansion, and economic progress, the effects on natural ecosystems are becoming
more evident. A crucial element of this impact is the alteration of vegetation cover, which plays a
significant role in maintaining the ecological equilibrium of our planet.Land serves as the foundation for all human activities and provides the necessary materials for
these activities. As the most crucial natural resource, its utilization by humans results in different
'Land uses,' which are determined by both human activities and the physical characteristics of the
land.
The utilization of land is impacted by human needs and environmental factors. In countries
like India, rapid population growth and the emphasis on extensive resource exploitation can lead
to significant land degradation, adversely affecting the region's land cover.
Therefore, human intervention has significantly influenced land use patterns over many
centuries, evolving its structure over time and space. In the present era, these changes have
accelerated due to factors such as agriculture and urbanization. Information regarding land use and
cover is essential for various planning and management tasks related to the Earth's surface,
providing crucial environmental data for scientific, resource management, policy purposes, and
diverse human activities.
Accurate understanding of land use and cover is imperative for the development planning
of any area. Consequently, a wide range of professionals, including earth system scientists, land
and water managers, and urban planners, are interested in obtaining data on land use and cover
changes, conversion trends, and other related patterns. The spatial dimensions of land use and
cover support policymakers and scientists in making well-informed decisions, as alterations in
these patterns indicate shifts in economic and social conditions. Monitoring such changes with the
help of Advanced technologies like Remote Sensing and Geographic Information Systems is
crucial for coordinated efforts across different administrative levels. Advanced technologies like
Remote Sensing and Geographic Information Systems
9
Changes in vegetation cover refer to variations in the distribution, composition, and overall
structure of plant communities across different temporal and spatial scales. These changes can
occur natural.
বাংলাদেশের অর্থনৈতিক সমীক্ষা ২০২৪ [Bangladesh Economic Review 2024 Bangla.pdf] কম্পিউটার , ট্যাব ও স্মার্ট ফোন ভার্সন সহ সম্পূর্ণ বাংলা ই-বুক বা pdf বই " সুচিপত্র ...বুকমার্ক মেনু 🔖 ও হাইপার লিংক মেনু 📝👆 যুক্ত ..
আমাদের সবার জন্য খুব খুব গুরুত্বপূর্ণ একটি বই ..বিসিএস, ব্যাংক, ইউনিভার্সিটি ভর্তি ও যে কোন প্রতিযোগিতা মূলক পরীক্ষার জন্য এর খুব ইম্পরট্যান্ট একটি বিষয় ...তাছাড়া বাংলাদেশের সাম্প্রতিক যে কোন ডাটা বা তথ্য এই বইতে পাবেন ...
তাই একজন নাগরিক হিসাবে এই তথ্য গুলো আপনার জানা প্রয়োজন ...।
বিসিএস ও ব্যাংক এর লিখিত পরীক্ষা ...+এছাড়া মাধ্যমিক ও উচ্চমাধ্যমিকের স্টুডেন্টদের জন্য অনেক কাজে আসবে ...
বাংলাদেশ অর্থনৈতিক সমীক্ষা (Economic Review) ২০২৪ UJS App.pdf
Tally assingment book
1. PRACTICAL QUESTIONS
Tally 9
Tally 9 is most useful software to any business Enterprises .Therefor use of Tally 9 is more needful.
For Practice only the questions are held in this book. In this book some name were held the name was
imaginary. It was not responsible them.
2. Index
EXCHANGER SERVICES PVT. LTD.
SAGAR INDUSTRIES LTD.
JAKHARIA COMPUTER INSTITUTE
DAIMAND INFRASTURE PVT.LTD
SAI SERVICE & MOTOR TRADER
IBM COMPANY
IBM COMPANY 2
TDS QUESTIONS
SERVICE TAX QUESTIONS
GANESH TECHNOLOGY
3. Q.1 Exchanger Services Pvt. Ltd.
Crate the following General Ledger with their opening balance and proper Group
General Ledger Group Group Op. Bal. Dr./Cr.
Capital Capital Accounts 6,25,000 Cr.
General Reserve Reserve & Surplus 55,000 Cr.
Capital Reserve Reserve & Surplus 45,000 Cr.
Profit & Loss A/c Primary 55,000 Cr.
O/d At SBI A/CNo.20000456 Bank O/D Accounts 35,000 Cr.
Loan from HDFC Bank Secured lone 50,000 Cr.
Loan from Balaji Finance Unsecured loan 35,000 Cr.
M/S Genlite Sundry Creditor 40,000 Cr.
Subham & Sons Sundry Creditor 35,000 Cr.
Shakati India Sundry Creditor 25,000 Cr.
Pre-Reserved commission Current Liabilities 5,500 Cr.
Outstanding AM Charges O/S Exp.(Current Liabilities) 6,000 Cr.
Building Fixed Asset 2,00,000 Dr.
Machinery Fixed Asset 1,50,000 Dr.
Debenture at ABN Amro Investment 55,000 Dr.
Modern Trader Sundry Debtors 30,000 Dr.
Bering & Spears Sundry Debtors 25,000 Dr.
Agrawal & Sons Sundry Debtors 45,000 Dr.
Cash Cash in Hand 60,000 Dr.
SBI AC NO.2200458 Bank Account 3,25,000 Dr.
Prepaid Rent Others current Asset (Current Asset) 6,500 Dr.
4. Note: RS.1, 15,000/- will be the difference in balance sheet as on 01/04/2006 due to undeclared Closing Stock.
Q.2 Sagar Industries Ltd.
1. Create a Company as “Sagar Industries Ltd.” in Tally with inventory management.
2. Pass the following Entries:-
Sagar started “Sagar Industries Ltd.” by bringing Capital Rs.5, 50,600/- Cash. On 1 APRIL 2009.
A) He deposited Rs.3, 75,000/- cash at ICICI bank. ON 3 APRIL 2009.
B) He paid electricity bill for Rs.1, 200/- by cash. ON 14 APRIL 2009.
C) He had withdrawn Rs.10, 000/- cash for his personal use ON 16 APRIL 09.
D) He purchased the following item from Computer Lab. Ltd. on credit with 4% Vat rate. On date 16 April
2009.
Computer - 10 Nos. - @20000/- each (Bill No:AS12)
Mouse - 20 Nos. - @ 175/- each (Bill No:AD2)
Sound Card – 10 Nos. @2000/- each (Bill No:G001)
2 GB RAM – 12 Nos. @1890/- each (Bill No:H154)
Speakers – 5 Set @2000/- each (Bill No:L45)
LCD Monitors – 16 Nos. @5400/-each (Bill No:KG541)
Keyboard – 18 Nos. @510/- each (Bill No:KD12)
E) He made Following Payments on date 29 April 2009 to Computer Lab. Ltd.
Bank For RS 2,22,680 For (Bill No:AS12, AD2, G001)
Cash For RS 1,43,150 For (Bill No:G001, H154, KD12, KG541, L45)
5. E) He sold the following item to Somnath Traders in cash with 4% Vat rate. On date 30 April 2009
Computer – 5Nos. - @27500/- each
2 GB RAM – 5Nos. @2000/- each
Mouse – 2Nos. @200/- each
F) He Sold the 2 set of speakers & 10 Nos. Of LCD Monitors worth RS 4200/- & RS 57000/- res. on
date 29 April 2009 to Crack My PC
G) He received Rs.6, 000 /- as commission from Rohit by cash.
H) He paid House Rent for Rs.5, 000 /- by cash.
I) He withdrew Rs.25, 000 /- cash from ICICI Bank.
J) He purchased furniture for Rs.25, 000 /- by cash for office use.
3. Show the Trial Balance and Balance Sheet of “Sagar Industries Ltd.”
4. Show the Vat Computation report of the above company.
5. Show the Cash Book & Bank Book of the company.
6. Show the Day Book.
6. Q.3 JAKHARIA COMPUTER INSTITUTE
1. Create a Company as “JAKHARIA COMPUTER INSTITUTE” in Tally with inventory management.
2. Pass the following Entries:-
A) Enter the following Purchase Order
10. Q.4 DAIMAND INFRASTURE PVT.LTD
A) Enter The Following Payment Details For Particular Employee’s
EMP NO DEPARTMENT NAME POST BASIC
001 SALES RAAJKUMAR SHARMA MANAGER 20,000
002 PURCHASE GANESH DUMPE STAFF 4,500
003 SALES SAGAR SHEETY SUPERVISOR 7,500
004 PURCHASE SURAJ VARMA MANAGER 20,000
005 OFFICE DENESH CHOWGULE STAFF 4,500
006 STORAGE VEKARAM BOGALE KEEPER 3,500
007 COMMERCIAL GOPAL DADE SUPERVISOR 7,500
008 COMMERCIAL YURAJ AANAD ACCOUNTANTS 10,000
009 PURCHASE RAJ GANDHI PEON 2,000
11. 010 SALES VIRAJ DESAI STAFF 4,500
011 CANTEEN RAMU DUBE WORKER 1,500
012 PURCHASE ASHOK DINDAYA PEON 2,000
013 CANTEEN SHAMU DUBE WORKER 1,500
014 SALES AANADA KUMAR PEON 2,000
015 OFFICE AKASHY JEETLI PEON 2,000
016 STORAGE DAVID HANDE KEEPER 3,500
017 PURCHASE SAVRAV NAIK STAFF 4,500
018 STORAGE PRASAD KURJE WORKER 1,500
019 PURCHASE ROHIT WAGALE STAFF 4,500
020 COMMERCIAL AMEYA HADE ACCOUNTANTS 10,000
021 CANTEEN YOGESH GOSAMI WORKER 1,500
022 SALES RAHUL PANCHAL STAFF 4,500
023 OFFICE SAWPANIL DAVE STAFF 4,500
024 PURCHASE PANKAJ BHORI SUPERVISOR 7,500
025 STORAGE AAKASH BAWKAR KEEPER 3,500
026 COMMERCIAL PRATIK BARJE ACCOUNTANTS 10,000
027 OFFICE ASHWIN TAMBE MANAGER 20,000
Q.5 Sai Service & Motor Trader
Prepare the required ledgers, stock Group, category, and items and pass the following Taking following
consideration.
UNDER MARUTI COMPANY: MARUTI 800, ZEN, ESSTEM, AND BALENO
UNDER HYUNDAI COMPANY: ASCENT, HYUNDAI, DELUXE, AND HYUNDAI REGURLAR
UNDER PRIMIERE COMPANY: FIAT, UNO, AND SIENA
UNDER HINDUSTAN COMPANY: AMBASSIDOR, AND CONTESSA
12.
13.
14. LEDGER
NAME: RAMESH MOTORS
UNDER: SUNDRY CREDITOR
NAME: SALES TAX
UNDR: DUTIES & TAXES
CALCULAT 4% ON TOTAL SALE
PAYMENT
BY HYUNDAI COMPANY A/C 5,91,250 Calculation
TO Cash A/c 5,08,750 11,00,000 Total amount
To Discount Recd. A/c 82,500 -82,000 Discount 7.5%
10,17,500 Balance & 5,08,750 50% paid
Receipt
TO DHRUV MOTOR A/c 7,85,906 Calculation
By Cash A/c 6,72,281 10,10,000 Total amount
By Discount Allowed A/c 1,13,625 -1,13,625 Discount 11.25%
8,96,375 Balance & 6,72,281 75% paid
15. Q.6 IBM Company
3RD FLOOR, J.B NAGAR, R.A.ROAD, DADAR EAST, MUMBAI 400004
CAPITAL ACCOUNTS OF COMPANY-: GANESH CAPITAL:-1,00,000/-
NARESH CAPITAL:-1,00,000/-
ICICI BANK:- BALANCE RS 40,000/- A/C NO:-2000598755, DADAR EAST, MUMBAI 400004
ACCOUNTING VOUCHERS-
PURCHASES FROM FOLLOWING PARTY
DATE BILL NO SUNDRY CREDITOR AMOUNT
01/04/2009 005 RAM & COMPANY 5,000
02/04/2009 750 NIL KAMAL 6,000
12/04/2009 950 SHUBHANGI ENTERPRISES 5,000
10/04/2009 444 PRATHAM GUIDE 11,500
09/04/2009 A14 SURESH & BROTHERS 12,000
06/04/2009 112 RAJESH GROUP OF COMPANY 7,000
20/04/2009 169 KRISHNA 10,000
25/04/2009 130 RAGHU GROUP 15,000
15/04/2009 007 RAJESH GROUP OF COMPANY 20,000
15/04/2009 059 RAM & COMPANY 5,000
20/04/2009 A50 NIL KAMAL 17,000
20/04/2009 119 VIBHOR 12,000
TOTAL 1,25,500
16. SALES TO FOLLOWING PARTY
DATE BILL NO SUNDRY DEBITOR AMOUNT
01/04/2009 102 INFOTECH COMPANY 2000
05/04/2009 103 JAIN COMPANY 10000
06/04/2009 104 RAJAT 5000
10/04/2009 105 RAJ & BROTHERS 9000
10/04/2009 106 SANDY LTD. 7500
15/04/2009 107 NILKHANTH ENTERPRISES 6000
17/04/2009 108 KISHOR ENTERPRISES 5000
18/04/2009 109 VAIBHAV COMPANY 12000
18/04/2009 110 PATHAK BROTHERS 18000
20/04/2009 111 S.S COMPANY 900
20/04/2009 112 J.K SHAH 500
21/04/2009 113 CITI POINT 700
25/04/2009 114 JAIN COMPANY 5000
30/04/2009 115 INFOTECH COMPANY 4000
TOTAL 85600
FOLLOWING CONTRA TRANSACTION
o Cash Deposit In lClCl Bank RS. 50000/- on dated - 5'" April 2009
o Withdraw RS .1500/- From Bank - On 7April 2009
o Deposited Cash RS. 5000 - On 7April 2009
o Cash Deposit in Bank 12000/- on 9th April 2009
FOLLOWING RECEIPT TRANSACTION
o Cash Received From Jain Company RS. 10000/- For Against Reference Bill No Is 103 on dated 2"'
May 2009
17. o Cash Received By Bank Rs. 6000/- From InfoTech For Bill No. 102 & 115 31d May 2009
o Received cheque from Kishor Enterprises 5000/- 28 April 2009 'Bill no. 108'
o Received Cash S.S Company 900/- on 22 April 2009 'Bill no. 111'.
o Cash Received from Citi Point RS. 700/- 22 April 2009 'Bill no. 113'
FOLLOWING PAYMENT TRANSACTION
o Cash Paid By Bank to Nil Kamal 15000/- on dated 25 April 2009 'bill no. A50'
o Paid Cheque To Rajesh Group of Company RS 7000/- on dated 10th April 2009 'bill no. 112'
o Paid Cash To Raghu Group 15000/- on dated 30 April 2009 'Bill no.130'
Ledger Accounting Vouchers For Purchase (F9)
Name: Purchase
Under: Purchase A/C Dr. Cr.
DR. Purchase 5000
Name: Ram & Company CR. Ram & Company 5000
Under: Sundry Creditor
Ledger Accounting Vouchers For Sales (F8)
Name: Sales
Under: Sales A/C Dr. Cr.
dr. Infotech Co. 5000
Name: INFOTECH cr. sales
COMPANY 5000
18. Under: Sundry Debtors
Ledger Accounting Vouchers For Capital (F6)
Name: Naresh Capital Dr. Cr.
Under: Capital A/C Cr. Naresh Capital 100000
Cr. Genesh Capital 100000
Name: Genesh Capital
Under: Capital A/C Dr. Cash 20000
Q.7 IBM Company 2
INVENTORY INFO
No Stock Items Groups Qty. RATE UNIT AMOUNT
19. 1 Dell mouse MOUSE 25 170 Nos. 4250
2 Microsoft mouse MOUSE 30 130 Nos. 3900
3 Dell monitor MONITOR 5 7000 Nos. 35000
4 Dell Keyboard KEYBOARD 10 150 Nos. 1500
5 LG monitor MONITOR 7 8000 Nos. 56000
6 LG mouse MOUSE 20 155 Nos. 3100
7 LG Keyboard KEYBOARD 15 130 Nos. 1950
8 Microsoft Keyboard KEYBOARD 45 200 Nos. 9000
9 I Ball mouse MOUSE 15 250 Nos. 3750
10 I Ball Keyboard KEYBOARD 20 300 Nos. 6000
11 I Ball monitor MONITOR 35 9000 Nos. 315000
12 CDR Samsung CD 50 8 Nos. 400
13 CDR Moser Baer CD 50 35 Nos. 1750
TOTAL 441600
PURCHASE FROM FOLLOWING (F9)
1. From Ram & Company Bill no: B009 5th May
Qty. Stock Items RATE
10 Microsoft mouse 135
5 Microsoft Keyboard 200
5 Microsoft monitor 6000
2. From VIBHOR COMPANY BILL NO-11501 7th MAY
20. Qty. Stock Items RATE
10 LG mouse 155
15 LG Keyboard 130
5 LG monitor 8000
SALES FROM FOLLOWING (F8)
1. Sales to INFOTECH COMPANY Bill no: 116 on 10th May
Qty. Stock Items RATE
35 Microsoft mouse 140
5 Microsoft Keyboard 225
5 Microsoft monitor 700
2. Sales To Nilkanth Enterprises Bill no: 117 on 10th May
Qty. Stock Items RATE
15 I Ball mouse 300
20 I Ball Keyboard 335
35 I Ball monitor 9500
Receipts Entry (F6)
RECEIVED CASH FROM NILKANTH FULL AMOUNT ON 27TH May FOR AGST REFERNCE Bill
NO.117 RS.6000/-
21. Payment Entry (F5)
PAID CASH TO RAM & COMPANY FOR BILLS AMOUNT RS.10000/ ON 28 TH MAY FOR
AGST Reference’s NO.009
PAID CHEQ BY BANK TO VIBHOR Company FOR BILLS AMOUNT RS.12000/ AGST
REFERNCE BILL no.119 on 29th MAY
Q.8 TDS QUESTIONS
Q.1 Payable Rs.800000/- to Mr. XYZ on A/C of interest on Securities (New Ref is 552) As interest on Securities
(New Ref is 301)
Q.2 Payable Rs.73000/- to Mr. Ramlal on A/C of Commission or Brokerage (New Ref is 985) As Commission Or
Brokerage (New Ref is 754)
Q.3 Payable Rs.65000/- to Mr. Dinesh on A/C of Insurance Commission (New Ref is 696) As Insurance
Commission (New Ref is 100)
Q.4 Payable Rs.800/- to Mr. Ram on A/C of Commission on Sale Of Lottery Tickets (New Ref is 542) As interest on
Securities (New Ref is 650)
Q.5 Pay to Rs.785000/- to Mr. Gopal to Fess for Professional (New Ref is 821) As Fess for Professional (New Ref
is 051)
Q.6 Payable Rs.8000/- to Mr. WATT on A/C of Technical Services (New Ref is 002) As Technical Services (New Ref
is 351)
Q.7 Payable Rs.75000/- to Mr. Chinmay on for Rent of Building (New Ref is S222) As Rent of Building (New Ref is
991)
22. Q.8 Rs.800000/- wining from Horse Race (New Ref is 1102) As wining from Horse Race (New Ref is 4201)
Q.9 Rs.1000/- Winning from Crossword Puzzle (New Ref is 8552) As Winning from Crossword Puzzle (New Ref is
7871)
Q.10 Rs.75000/- Payable for Rent on Plant, Machinery & Equipment (New Ref is 5692) As Rent on Plant,
Machinery & Equipment (New Ref is 3781)
Q.11 Payable Rs.78500/- As Payment For Compensation (New Ref is 7841)
Q.12 Payable Rs.20000/- to Mr. Zandu (New Ref is 02) As Payment to Sub-Contractor (New Ref is 31)
Q.13 Rs.800000/- Payable TO Payment To Advertisement Contractor (New Ref is 32) As Payment to Contractor
(New Ref is 311)
Q.14 Rs.44000/- Payments to Non-Resident Sportsmen & Rs.78000 For Sports Association (New Ref is A2) &
(New Ref is A52)
Q.15 Rs.6500/- to Mr. ABC For Payment in Deposits Under NSS (New Ref is S72) As Payment in Deposits Under
NSS (New Ref is 871)
Q.16 Rs.200000/- is Income from Foreign Currency Bonds (New Ref is F789)
Q.9 SERVICE TAX QUESTIONS
12.5% SERVICE TAX APPLICABLE FOR FEES OF FOLLOWING STUDENTS OF “MAXIMAX COMPUTER
CLASSES”
SR NO NAME DATE COURSE FEES
25. Q.10 M/S GANESH TECHNOLOGY
BALANCE SHEET AS ON 31-05-2005
LIABILITIES AMT TOTEL ASSECTS AMT TOTEL
CAPITAL ACCOUNT 150000/- FIXED ASSECTS 72000/-
GANESH 75000/- OFFICE EQUIPMENT 32000/-
SHANKAR 75000/- FURNITURE 40000/-
LOAN & LIABILITIES 100000/- INVESTMENT 28000/-
CITY BANK 50000/- SHARE IN ICICI 14000/-
MOHAN 50000/- SHARE IN HDFC 14000/-
CURRENT LIABILITIES 113310/- CURRENT ASSETS 263310/-
SUNDRY CREDITOR A 101340/- STOCK 134420/-
UNPAID EXPENSES 11970/- SUNDRY DEBTORS C 88850/-
CASH IN HAND 8528/-
BANK A/C D 31512/-
UNPAID EXPENSES BANK ACCOUNTS
TELEPHONE EXPENSES 8370.00 STATE BANK OF INDIA 9828.00
ELECTRICITY EXPENSES 3600.00 11970.00 ICICI BANK 21684.00 31512.00
28. HP Re-Writable 15 72 1080
Mosabear 75 10 750
Enter the Following Purchase Transition into M/s Ganesh & Technology
Date Particular
02-Dec-05 Purchase 20 Boxes of 1.44 MB Sony floppy @ RS.215 each from Navjot Enterprises Vide Bill
No. 4304 amounting RS.4300/-
02-Dec-05 Purchase 3 CPU of Pentium 4 @ RS.4700 each from M/s Jadeja & company Vide Bill
No.24920 amounting RS.14100/-
03-Dec-05 50 CD's OF HP Writable Purchased form M/S Nayab Trade Links @ RS.10/- Each As Bill No.
18719 RS.500/-
03-Dec-05 Purchase From Azhar Softech Pvt. Ltd. As Per Bill No.13628 Amounting TO RS.5340/- the
item Included were 15 BOX OF Maxcell 1.44 MB Floppy @ RS.212/- boxes of Verbatim 1.44
floppy RS.216/- per box.
Enter the Following Sales Transition into M/s Ganesh & Technology
Date Bill Party Name Item Qty. Rate Amt.
No
02-Dec-05 1101 Khanna Brothers Logitech Mouse 15 650 9750
02-Dec-05 1102 Kapoor Tech Pvt. Sony 1.44 MB Floppy 10 240 2400
Ltd.
Sony 1.2 MB Floppy 5 210 1050
Verbatim 1.44 MB 15 250 3750
Floppy
Verbatim 1.2 MB 5 215 1075
Floppy
29. 02-Dec-05 1103 Dev Enterprises Microtech Monitor 2 10900 21800
03-Dec-05 1104 Shahrukh Impex Pentium 3 2 4000 8000
Intel i5 2 8000 16000
Enter the Following Receipt Transition into M/s Ganesh & Technology
Date Particulars
04-12-2005 Received Cash RS.13210/- From Dev Enterprises Against Bill No 1124
04-12-2005 Received a cheque From Amitabh Corporation Against Bill No 1020,1029,1068 the Same Deposited into Bank
05-12-2005 Deposited into State Bank of India a cheque Of RS.20000/- Received From Khanna Brothers On Account
1048,1064 And Balance Amount Is Discount Received
05-12-2005 Received cash From Kapoor Tech Pvt. Ltd. RS.8275/- Against Bill No 1102 of 02/12/2005
Enter the Following Payment Transition into M/s Ganesh & Technology
Date Particulars
04-12-2005 Issued cheque No.24/2218 of RS. 19242/- from ICICI Bank is favor of M/S Sachin Traders Against
Bill no 1398,1421,1434,&1636
04-12-2005 Paid Cash RS.257/- To Suresh Tea & Snacks For Staff
05-12-2006 Paid Cash RS.15000/- to Ganguly Technology is Settlements of their Account
05-12-2007 Issued Cheque.2412219 of Rs.20000/- from ICICI Bank in Favor of M/S Kumble Trader Advance Of
10 Monitors
Enter the Following Contra Transition
Date Particulars
04-12-2005 Deposited Cash RS.5000/- into State Bank of India
04-12-2005 Withdraw Cash Rs.1000/- From ICICI Bank
30. 05-12-2005 Transferred a sum Of RS.30000/- from State Bank of India To ICICI Bank Cheque No. 382101
Enter the Following Transition
Date Particulars
29-12-2005 Credit Note No.001 Amounting to RS.480/- issued for 2 Sony 1.44 MB Floppy Boxes Returned by Kapoor
Techno Ltd Sold 2 RS.240/- cash Vide Sales Bill 1102
29-12-2005 Debit Note NO. 01/2005 Amounting To RS 430/- issued for return of Boxes of 1.44 MB Sony Floppy Boxes To
Navjot Enterprises Which Was Purchased @ RS.215/- per box as per their Bill no 4121 on 2nd Dec 2004
29-12-2005 Commission note no 109 issued by M/S Karan Enterprises for RS.1250/- accepted by Us. He Will Pay After
15 days