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Tally Problems Exercise (1) July-05 Mr.

Mahadev commenced business with a capital of Rs 2,00000/Purchased computer with cash of Rs 1,00000/Wages paid Ra 1000/Purchased office Furniture Rs 10,000/Loan Taken from SBH Rs 150,000/Sold computers on credit to NIIT computer center Rs 80,000/Discount allowed to NIIT computer center Rs 2000/Received commission Rs 5000/Paid for Advertisement Rs 6000/Salary paid to Employees Rs 3500/Building purchased Rs 50,000/Computer purchased from Raghu on credit Rs 30,000 Sold goods for cash Rs 40,000/Sold Computers on credit to Barod Computer Center Rs 60,000/Return goods by Barod Computer Center Rs 5000/Rent Due Rs 2000/Aug-05 Sold goods to Suresh on credit Rs 65,000/Discount allowed to Suresh Rs 5000/Purchased Computers from HITECH Computer center Rs 80,000/Discount earned from HITECH computer center Rs 10,000/Cash Received from Barod Computer Center Rs 20,000/Telephone bill paid Rs 3000/Electricity bill paid Rs 1000/Sold goods for cash Rs 1,00000/Paid for postage Rs 3000/Tea Exp Rs 200/1

Sold goods on credit to shiva Rs 50,000/Salary Due Rs 2000/Rent paid which was earlier due Rs 2000/Rent for the month Rs 2000/Cash Sales Rs 2,00000/Exercise (2) July-05 Mr Rajkumar started a Business with Capital Rs 2,00000/Purchase computer with cash of Rs 1,00000/Wages paid Rs 1000/Purchased office Furniture Rs 10,000/Loan taken from SBI Rs 1,50,000/Sold Computers on credit to Aptech Computer Center Rs 80,000/Discount allowed to Aptech Comuter Center Rs 2000/Received Commission Rs 5000/Paid for Advertisement Rs 6000/Salary paid to Employee Rs 3500/Building purchased Rs 50,000/Computer purchased from Raju on credit Rs 30,000/Sold goods for cash Rs 40,000/Sold Computers on credit to jyoti computers center Rs 60,000/Return Goods by jyoti Computers center Rs 5000/Rent due Rs 2000/Aug-05 Sold goods Suresh on credit Rs 65,000/Discount allowed to suresh Rs 5000/Purchased Computer from ISCT Computer Center Rs 80,000/Discount earned from ISCT Computer center Rs 10,000/Cash Received from jyoti Computers Center Rs 20,000/Telephone bill paid Rs 3000/Electricity bill due Rs 1000/-

Sold goods for cash Rs 1,00000/Paid for postage Rs 3000/Tea Exp Rs 200/Sold goods on credit to shiva Rs 50,000/Salary Due Rs 2000/Rent paid which was due on 30-7-2005 Rs 2000/Rent paid for the month Rs 2000/Cash Sales Rs 2,00000/Exercise (3) Apr-05 Mr G.J Started the business with capital of Rs 25,00000/Brought goods for cash Rs 1,00000/Wages paid Rs 1000/Furniture purchased Rs 50,000/Purchase Shares of Indian Co. Rs 20,000/Sold goods for cash Rs 150,000/Sold goods on credit to Rahul Rs 50,000/Taken loan from Suresh Rs 5,00000/Salary Due Rs 4000/Telephone bill paid Rs 2000/Stationery Exp Rs 1500/Rent paid Rs 2000/Sold goods on credit to Ramesh Rs 50,000/Discount allowed to Ramesh Rs 2000/Return goods by Ramesh Rs 5000/Purchased goods for cash Rs 10,000/With drawn cash for domestic purpose Rs 6000/-

Salary paid which was due Earlier Rs 4000/Sold goods on credit to kailash Rs 3,20,000/Discount allowed to kailash Rs 15,000/Opened saving Bank a/c in SBI with cash for Rs 1,00000/Building purchased with Rs 2,00000/Salary paid by Cq Rs 4000/Goods withdrawn by owner at cost price Rs 10,000/- for his personal use Cash withdrawn from bank for office use Rs 20,000/Paid for Advertisement Rs 2500/Rent Due Rs 2000/-

Exercise (4) Mr sharma , varma , and gupta started partnership with following Capital sharma Rs 100000/- Varma Rs 1,00000/-,Gupta Rs50,000/Purchased goods on credit from M/s Shastri Trading co, Rs 50,000/octori paid Rs1000/Wages due Rs 3000/Frniture parchased Rs 10,000/Sold goods for cash Rs 60,000/Return goods to M/s Shastri trading Co Rs 5000/Opened bank A/c in SBI bank with Rs 50,000/Brought Machinery with Rs 15,000/Sold goods M/s Shravan Traders Rs100000/Carriage paid Rs 2000/Cash withdrawn by parteners for domestic use Sharma Rs 10,000/Varma Rs 30,000/Gupta Rs 5000/Purchased goods from M/s pradeep Entreprises Rs 50,000/Rant paid Rs1500/2

May-2005 Cash Received from Rahul Rs 10,000/Brought goods from Gopi on credit Rs 2,00000/Discount Earned from Gopi Rs 10,000/Furniture lost by fire Rs 5000/Interest paid on loan taken from suresh Rs 2000/-

Discount paid Rs 1000/Commission received Rs 3000/Cash sales Rs 50,000/Computer purchased Rs 50,000/Paid for advertisement RS 3,500/Cash introduced by partners as Additional capital Sharma Rs 50,000/- Varma Rs1,00000/Return goods to M/s pradeep enterprises Rs 2000/Machinery sold for cash Rs 3500/Salary paid Rs3000/Telephone bill paid Rs 2000/Cash sales rs 2,00000/-

Bank allowed interest on deposit Rs 100/Received from Rajesh One hundred rupee note and gave him change for it Rs 100/Paid life insurance premium Rs 200/Acquired from Rajaram a motor car in exchange for cash of Rs 2000/- & a cheque Rs 5000/Transferred from the bank account of the business to the personal bank account of the ventkataramana Rs 2000/Investor in NSC Rs 1000/Paid rent to raghuram the landlord Rs 300/Brought a machinery fro rajendra on credit Rs 10,000/Exercise (6) Arjun commenced business with capital Rs 1,00000/Purchased goods foe cash Rs 30,000/Wages paid Rs 200/Furniture purchased for cash Rs 5000/Building purchased for cash Rs 10,000/Rent paid Rs 500/Salary due to M Rs 1000/Sold goods for cash Rs 50,000/Commission Received Rs 1000/Purchased Shares of Tata Company Rs 10,000/Sold goods to rakesh on credit Rs 30,000/Purchased goods from somesh Rs 25,000/Loan taken from somesh Rs 50,000/KEB bill paid Rs 700/Pooja expenses 800/Return goods to suresh Rs 5000/Cash withdraw by owner for personal use Rs 6000/Cash Sales Rs 20,000/Telephone bill due to kiran hot lines Rs 2000/Purchased goods on credit from sokesh Rs 20,000/3

Exercise (5) Venkantramana started business with the following Cash in hand 10,000/Cash at Bank 20,000/Furniture 5000/Building 50,000/Brought goods from sharma Rs 2000/Sold goods to rajesh for cash Rs 3000/Withdrawn Cash from office for personal use Rs 1000/Paid advance income tax Rs 1,500/Sold goods to Srinath on account Rs 3000/Paid carriage on goods sold to srinath on his account Rs 100/Brought goods from rahul on credit Rs 5000/Return goods to rahul Rs 200/Paid salary to balram the manager Rs 500/Received from raju advance for goods Rs 3000/Paid parashuram cash in lieu of a cheque Rs 1000/Paid into bank the cheque received from parashuram Rs 1000/Bank charges charged by banker Rs 50/-

Sold goods on credit to satish Rs 50,000/Goods return satish Rs 5000/Cash received from satish Rs 20,000/Motor car purchased Rs 10,000/Cash Sales Rs 10,000/Cash purchased Rs 20,000/Freight charges paid Rs 2000/Discount received Rs 2,500/Discount paid Rs 3,500/-

Purchase Shares of Birla Co Rs 10,000/Opened bank a/c in SBI with a cash of Rs 15,000/Telephone bill due Rs 2000/Rent paid Rs 2000/Cash Sales Rs 50,500/Purchased goods from Rohit on credit worth Rs 25,000/Sundry exp Rs 2000/Sold goods for cash Rs 1,00000/-

Exercise (7) Exercise (8) Mr. Vinay started business with a cash of Rs 50,000/Furniture Rs 1,00000/Loan taken from Rajesh Rs 50,000/Brought goods on credit from Riya worth Rs 60,000/Cash purchase Rs 20,000/Freight Expenses paid Rs 2000/Wages due Rs 1000/Machinery purchased Rs 70,000/Sold furniture on credit to satish Rs 20,000/Goods returned to Riya Rs 10,000/Sold goods on credit to kunal Rs 50,000/Cash Sales Rs 70,000/Goods returned by kunal Rs 5000/Salary paid Rs 5000/Wages paid which was due earlier Rs 1000/Withdrawn furniture at cost price Rs 2000/- & cash Rs 3000/- for personal use. Machinery lost by fire Rs 10,000/Paid for advertisement Rs 1000/Paid for postage Rs 700/Commission received Rs 2000/Sold goods on credit to Anand worth of Rs 10,000/Discount allowed to Anand Rs 1000/Purchased goods on credit from shiva Rs 15,000/Discount earned from shiva worth Rs 2000/4

Mr. Raj started business with cash Rs 5,00000/Machinery Rs 1,00000/Furniture Rs 2,50,000/Motar Car Rs 50,000/Opened current a/c in Canara Bank Rs 2,00000/Purchased goods for cash Rs 10,000/Freight charges paid Rs 3500/Purchased furniture on credit from Govind Rs 10,000/Salary due Rs 2000/Rent paid Rs 1500/Building purchased for cash Rs 60,000/Purchased Debentures of ABB Co Rs 10,000/Goods withdrawn by Mr Raj at cost price Rs 5000/Sold goods on credit to kabir Rs 60,000/Purchased goods on credit from kunal Rs 1,00000/Goods return by kadir Rs 10,000/Discount allowed to kabir Rs 1000/Received bills received from mohit Rs 1500/Salary paid which was due earlier Rs 2000/Cash Sales Rs 10,000/Cash Purchased Rs 50,000/Furniture lost by fire Rs 2000/Repairs to motar car Rs 2000/-

Paid for advertisement Rs 2400/Octroi paid Rs 1500/Sold goods on credit to mohit Rs 1,50,000/Exercise (9)

Cash withdrawn from Bank for office use Rs 20,000/Paid for advertisement Rs 2,500/Rent due Rs 2000/-

Exercise (10) Mr. hemanth started business with a capital Rs 2,50,000/He brought goods for cash Rs 1,00000/Wages paid Rs 1000/Furniture purchased Rs 5,00000/Purchased shares of Asian co Rs 20,000/Sold goods for cash Rs1,50,000/Sold goods on credit to Rahul Rs 50,000/Loan taken from Arshad Rs 5,00000/Salary due Rs 4000/Tele phone bill paid Rs 2000/Stationary exp Rs 1,500/Rent paid Rs 2000/Sold goods on credit to samual Rs 50,000/Discount allowed to samual Rs 2000/Sales return by samual Rs 5000/Purchase goods for cash Rs 10000/Cash withdrawn for personal use by owner Rs 6000/Cash received from Rahul Rs 10,000 Brought goods from Bhuvan on credit Rs 2,00000 Discount earned from Bhavan Rs 10,000/Furniture lost by fire Rs 5000/Interest paid on loan taken from Arshad Rs 2000/Salary paid which was due earlier Rs 4000/Sold goods on credit to kamal Rs 3,20,000 Discount allowed to kamal Rs 15,000/Opened saving Bank a/c in SBH with cash of Rs 1,00000/Purchased Building Rs 2,00000/Salary paid by Cheque Rs 4000/Goods withdrawn by owner at cost price Rs 10,000/- for his personal use
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Mr. Rahul commenced business with a capital Rs 1,00000/Opened Bank a/c with cash of Rs 30,000/Purchased goods from Sohail on credit Rs 14,000/Sold goods to prashant on credit Rs 20,000/Return goods to Sohail Rs 1000/Return goods by prashant Rs 2000/Received cash on a/c from prashant Rs 15,000/Paid cash on a/c to sohail Rs 2000/Cash Sales Rs 50,000/Cash purchased Rs 15,000/Loan taken from Sudhir Rs 10,000/Sold goods on credit to Sanjay Rs 30,000/Cash withdrawn from Bank for office use Rs 5000/Cheque received from Sanjay on a/c Rs 10,000/Paid for advertisement Rs 500/Rent paid Rs 1500/Salary due Rs 1800/Telephone bill paid Rs 500/Commission received Rs 2000/Electricity bill paid Rs 400/Cash purchase Rs 40,000/Cash Sales Rs 50,000/NSC Bonds purchased Rs 3000/Motor Car purchased for office use Rs 10,000/-

LEDGER ENTRY Arjun A/c Capital Purchase A/c Purchase Wages A/c Direct exp Furniture A/c Fixed assets Building A/c Fixed assets Rent A/c Direct exp Salary Due A/c Indirect exp Sales A/c Sales A/c Commission Received A/c Indirect income Tata company A/c S, debitors Rakesh A/c S, creditors Somesh A/c S, debitors Loan taken A/c Bank A/c K E B bill A/c Direct exp Pooja expenses A/c Direct exp Return goods A/c Indirect exp Drawings A/c Bank A/c Sales A/c Sales A/c Telephone bill due A/c Indirect exp

Telephone billA/c Direct exp Sokesh A/c S,debitors Satish A/c S, creditors Goods return A/c Indirect exp Cash Received A/c Indirect income Motor car A/c Fixed assets Sales A/c Sales A/c Purchase A/c Purchase A/c Freight Charges A/c Direct exp Discount received A/c Indirect income Discount paid Direct exp

PROBLEM 06 VOUCHER ENTRY HEAD Arjun A/c (F6) Cash Purchase A/c (F9) Purchase Wages A/c (F5) Cash Furniture A/c (F5) Cash Building A/c (F5)
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Cash Rent A/c (F5) Cash Salary due A/c (F7) Salary A/c Sales A/c (F8) Sales A/c Commission Received A/c (F6) Cash Ta Ta company A/c F9 Purchase Rakesh A/c F8 Sales A/c Somesh A/c F9 Purchase Loan Taken A/c F4 Bank A/c K E B bill A/c F5 Cash Pooja exp A/c F5 Cash Return goods A/c F7 Suresh Drawing A/c F4 Bank A/c Sales A/c F8 Sales A/c Telephone bill due A/c F7 Telephone bill A/c Sokesh A/c F9 Purchase Satish A/c F8 Sales A/c Goods Return A/c F7 Satish

Cash Recevied A/c F6 Cash MotorCar A/c F5 Cash Sales A/c F8 Sales A/c Purchase F9 Purchase Freight A/c F5 Cash Discount received A/c F6 Cash Discount paid A/c F5 Cash

LEDGER ENTRY Arjun A/c Capital Purchase A/c Purchase Wages A/c Direct exp Furniture A/c Fixed assets Building A/c Fixed assets Rent A/c Direct exp Salary Due A/c Indirect exp Sales A/c Sales A/c Commission Received A/c Indirect income Tata company A/c

S, debitors Rakesh A/c S, creditors Somesh A/c S, debitors Loan taken A/c Bank A/c K E B bill A/c Direct exp Pooja expenses A/c Direct exp Return goods A/c Indirect exp Drawings A/c Bank A/c Sales A/c Sales A/c Telephone bill due A/c Indirect exp Telephone billA/c Direct exp Sokesh A/c S,debitors Satish A/c S, creditors Goods return A/c Indirect exp Cash Received A/c Indirect income Motor car A/c Fixed assets Sales A/c Sales A/c Purchase A/c Purchase A/c Freight Charges A/c Direct exp

Discount received A/c Indirect income Discount paid Direct exp PROBLEM 06 VOUCHER ENTRY HEAD Arjun A/c (F6) Cash Purchase A/c (F9) Purchase Wages A/c (F5) Cash Furniture A/c (F5) Cash Building A/c (F5) Cash Rent A/c (F5) Cash Salary due A/c (F7) Salary A/c Sales A/c (F8) Sales A/c Commission Received A/c (F6) Cash Ta Ta company A/c F9 Purchase Rakesh A/c F8 Sales A/c Somesh A/c F9 Purchase Loan Taken A/c F4 Bank A/c K E B bill A/c F5 Cash Pooja exp A/c F5
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Cash Return goods A/c F7 Suresh Drawing A/c F4 Bank A/c Sales A/c F8 Sales A/c Telephone bill due A/c F7 Telephone bill A/c Sokesh A/c F9 Purchase Satish A/c F8 Sales A/c Goods Return A/c F7 Satish Cash Recevied A/c F6 Cash MotorCar A/c F5 Cash Sales A/c F8 Sales A/c Purchase F9 Purchase Freight A/c F5 Cash Discount received A/c F6 Cash Discount paid A/c F5 Cash

PROBLEM (7) Ledger Entry Mr. Vinay A/c Capital Furniture A/c Fixed Asset

Loan taken Rajesh A/c Bank A/c Riya A/c Sundry debtor Purchase A/c Purchase Freight A/c Direct Exp Wages Due A/c Indirect Exp Wages A/c Direct Exp Machinery A/c Fixed Asset Satish A/c Sundry Creditor Goods return A/c Indirect Exp Kunal A/c Sundry Creditor Sales A/c Sales A/c Salary A/c Direct Exp Drawing A/c Bank A/c Machinery Lost A/c Indirect Exp Advertisement A/c Direct Exp Postage A/c Direct Exp Commission Received A/c Indirect Income Anand A/c Sundry Creditor Discount Allowed A/c Indirect Exp

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