MAGNET COMPUTER CLASSES

TEST NO. 1
TALLY

Company Name : MAGNET COMPANY

Address: : No. 31, S.S.K. Chawl, Dharavi Cross Road, Dharavi, Mumbai – 17.

LEDGER NAME UNDER GROUP OPENING BALANCE

SHARE CAPITAL CAPITAL ACCOUNT 10,00,000
LOAN FROM SBI BANK SECURED LOAN 4,00,000
PROVISION FOR DEPRECIATION PROVISION 32,500
O/S RENT CURRENT LIABILITY 3,600
O/S SALARIES CURRENT LIABILITY 19,000
DEPOSIT FOR PREMISES DEPOSITS (ASSETS) 1,55,000
INVESTMENT IN SHARES INVESTMENT 18,550
FURNITURE FIXED ASSETS 15,000
COMPUTERS FIXED ASSETS 80,000
CASH IN BANK BANK ACCOUNT 1,93,000
CASH IN HAND CASH IN HAND 25,000
CLOSING STOCK STOCK IN HAND 67,000
ABHYUDAYA BANK BANK ACCOUNT 200000
MACHINERY FIXED ASSET 125000
BUILDING FIXED ASSET 400000

To maintain Stock Statement

Group Categories Stock item Purchase price Quantity Godown

ECONOMICS MARSHAL V.1 300 60 DHARAVI
V.2 325 80
GLOBAL C.1 450 120
C.2 500 160
MANAGEMENT HENRY BASIC 125 300 SION
INTERMEDIATE 225 325
FINAL 600 350
INDIAN SIMPLE 75 400
ADVANCE 325 600
Goods are purchased from these parties. (VAT @12.5%)

Date Bill no. Party name Stock item Godown Qty

1ST MAY OM 001 BABAJI STORE V.2 DHARAVI 45
5TH MAY OM 002 AMUL STORE C.1 SION 50
6TH MAY OM 003 ANAND STORE V.2 SION 60
8TH MAY OM 004 ABINAYA STORE BASIC DHARAVI 31
10TH MAY OM 005 AZIM’S STORE FINAL DHARAVI 90
17TH JUNE OM 006 SARASWATI STORE INTERMEDIATE SION 15
19TH JULY OM 006 ANAND STORE ADVANCE SION 45
23RD JULY OM 007 ABINAYA STORE SIMPLE DHARAVI 75
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TEST NO. 1
TALLY
29TH AUGUST OM 008 BABAJI STORE C.2 SION 52

Goods are sold to these parties. (VAT @12.5%)

Date Bill no. Party name Stock item Godown Qty Selling price
1ST MAY OM P001 Reliance store V.2 DHARAVI 15 650
5TH MAY OM P002 TATA store C.1 SION 40 675
6TH MAY OM P003 Omtex store V.2 SION 53 685
8TH MAY OM P004 Vishwas store BASIC DHARAVI 31 695
10TH MAY OM P005 Philips store FINAL DHARAVI 100 902
17TH JUNE OM P006 Omtex store INTERMEDIATE SION 20 625
19TH JULY OM P006 IPL store ADVANCE SION 36 635
23RD JULY OM P007 Reliance SIMPLE DHARAVI 90 644
29TH AUGUST OM P008 Philips store C.2 SION 42 702

Goods are sold to these parties. (VAT @12.5%)

Date Bill no. Party name Stock item Godown Qty Selling price
1ST MAY OM P001 Reliance store V.2 DHARAVI 15 650
5TH MAY OM P002 TATA store C.1 SION 40 675
6TH MAY OM P003 Omtex store V.2 SION 53 685
8TH MAY OM P004 Vishwas store BASIC DHARAVI 31 695
10TH MAY OM P005 Philips store FINAL DHARAVI 100 902
17TH JUNE OM P006 Omtex store INTERMEDIATE SION 20 625
19TH JULY OM P006 IPL store ADVANCE SION 36 635
23RD JULY OM P007 Reliance SIMPLE DHARAVI 90 644
29TH AUGUST OM P008 Philips store C.2 SION 42 702

Goods are sold to these parties. (VAT @12.5%)

Date Bill no. Party name Stock item Godown Qty Selling price
1ST MAY OM P001 Reliance store V.2 DHARAVI 15 650
5TH MAY OM P002 TATA store C.1 SION 40 675
6TH MAY OM P003 Omtex store V.2 SION 53 685
8TH MAY OM P004 Vishwas store BASIC DHARAVI 31 695
10TH MAY OM P005 Philips store FINAL DHARAVI 100 902
17TH JUNE OM P006 Omtex store INTERMEDIATE SION 20 625
19TH JULY OM P006 IPL store ADVANCE SION 36 635
23RD JULY OM P007 Reliance SIMPLE DHARAVI 90 644
29TH AUGUST OM P008 Philips store C.2 SION 42 702
MAGNET COMPUTER CLASSES
TEST NO. 1
TALLY
 MAGNET COMPUTER CLASSES
TEST NO. 1
TALLY
When amount received from parties use Receipt voucher (F6)

Date Party name MODE OF PAYMENT CHEQUE NUMBER AMOUNT

2nd MAY Reliance store CASH --------------------- 70000
2nd MAY TATA store CASH --------------------- 25000
2nd MAY Omtex store CHEQUE 0229892 42000
2nd MAY Vishwas store CHEQUE C/B 654258 18000
2nd MAY Philips store CHEQUE S/B 7139852 120000
2nd MAY IPL store CASH --------------------- 15500

When amount paid to parties use payment voucher (F6)

Date Party name MODE OF PAYMENT CHEQUE NUMBER AMOUNT

2nd MAY BABAJI STORE CASH --------------------- 30000
2nd MAY AMUL STORE CASH --------------------- 20000
2nd MAY ANAND STORE CHEQUE 8459625 18000
2nd MAY ABINAYA STORE CHEQUE 6548721 6000
2nd MAY AZIM’S STORE CHEQUE 9685721 22000
2nd MAY SARASWATI STORE CASH --------------------- 3000
 MAGNET COMPUTER CLASSES
TEST NO. 1
TALLY
Purchase and Sales Return
On 1st June, goods purchased from Babaji store has been returned. Details are

Stock item Godown Quantity Bill no.

V.2 Dharavi 2 OM 001
On 1st August, goods purchased from Saraswati store has been returned. Details are

Bill no. Godown Quantity Stock item

Om 006 Sion 1 Intermediate
On 1st October, goods purchased from Anand store has been returned. Details are

Bill no. Godown Quantity Stock item

Om 003 Sion 5 V.2

On 1st July, goods sold to Philips Store were returned. Details are

Bill no. Godown Quantity Stock item

Om p005 Dharavi 5 Final
st
On 31 December, goods sold to Reliance company were returned. Details are

Bill no. Godown Quantity Stock item

Om p007 Sion 2 Simple
On 31st January, 2011 goods sold to IPL store were returned. Details are

Bill no. Godown Quantity Stock item

Om p006 Dharavi 2 Advance

Contra Entries
1. On 1st September, Withdraw Rs. 50000 from Abhyudaya bank for business purpose.
2. On 30th November, With drawn Rs. 25000 from Cash in bank for business purpose.
3. On 28th February, Deposit Rs. 25000 in Abhyudaya bank.

Charging Depreciation
On 31 – 3 – 2011 Charge depreciation @ 10% on furniture, 20% on computer, 12.5% on Machinery, 7.5%
on Building