ACCOUNTANCY WITH COMPUTERISED ACCOUNTING

Maximum Score : 40 {split up : Score 8 (Score 3 for Procedure and Score 5 for Practical work) for each part, Score 4 for Practical Record and Score 4 for Viva Voce}

PART - A
1. The following is the Trial Balance of Anand Traders Kozhikode, Kerala (St.). Prepare Profit and Loss Account and Balance Sheet on 31.12.2010 using Tally software. Particulars Credit Purchases Sales Wages Salaries Opening Stock Debtors:Sony Shyamlal Creditors:- Rahul Aneesh Machinery Commission Rent Furniture Cash Capital 74000 Adjustments:(a) Closing Stock Rs. 18000 (b) Wages Outstanding Rs. 500 (c) Salary Prepaid Rs. 300 (d) Depreciation on Furniture 10% (Score 8) 26000 42000 3000 4000 6000 7000 5000 3000 5000 10000 2000 3000 5000 5000 22000 74000 Debit

PART B

2. Journalise the following transactions of Mohan & Company Thrissur for the month March 2010, Prepare ledger accounts, unit of measure, stock items and voucher entries using Tally software. 1-3-2010: Purchased goods for cash: (a)Colgate tooth brush 100 Nos. @Rs.20 per unit. (b) Vicco tooth paste 200 Nos. @Rs.55 per unit. 2-3-2010: Sold Colgate tooth brush 30 Nos. @Rs.25 per unit for cash 2-3-2010: Sold Vicco tooth paste 10 Nos. @Rs.60 per unit to Ramkumar. (Score 8)

OR
3. Haniya Traders Kallai, Kozhikode gives you the following informations. 1-1-2010: Purchased goods from Rahmath Traders: (a) 20 dozen chairs @Rs.2500 per dozen. (b) 25 wooden tables @ Rs.6000 per table 2-1-2010: Sold goods for cash: (a) 10 dozen chairs @Rs 2800 per dozen

(b) 12 wooden tables @ Rs.6500 per table 2-1-2010: Sold goods to Rahul: (a) 8 dozen chairs @Rs.2850 per dozen Display STOCK ITEM SUMMARY (Score 8)

PART C
4. Prepare PTA Budget for the year 1-4-2010 to 31-3-2011 using Tally software:Budget figures:Govt. Grant Rs. 25000 Donation from institutions Rs. 80000 Donation from parents Rs. 60000 Maintenance Expenses Rs. 40000 Cultural Programme Expenses Rs. 35000 Actual expenses:31-5-2010 Govt. Grant Rs. 22000 31-7-2010 Donation from parents Rs. 100000 31-8-2010 Maintenance expenses Rs. 110000 31-1-2011 Cultural Programme Rs. 55000 31-3-2011 Donation from institutions Rs. 75000 (Score 8)

OR
5. Sahu Agencies Kalpetta has three departments Production , Accounts and Marketing, and three sales men - Arun, Lal, and Suraj, who are working under Marketing Department. The following information is available from their books of accounts. 1-1-2010: Cash sales Rs. 200000 (Arun 75000, Lal 60000, and Suraj 65000) 31-1-2010: Salary paid Rs 60000 (Arun 25000, Lal 15000, and Suraj 20000) 31-1-2010: Telephone charges Rs. 4000 (Production 200, Accounts 1500 and Marketing 2300) 31-1-2010 Rent paid Rs. 6500 (Production 4000, and Marketing 2500) Prepare Cost Centre Break up 8) (Score

PART D
6. Calculate NET PAY for the following employees using MS EXCEL. Name Basic Pay Sudheer 25000 Shajahan 24000 Reshma 22000 John 22000 Poornima 21000 DA = 45% of Basic Pay ; HRA = 10% of Basic Pay; PF = 6% of Basic Pay (Score 8)

OR
7. From the following data prepare a Loan Repayment Schedule of Rajesh under fixed installment method.

Loan Amount Rs.20000 Rate of interest 7% Loan period 12 months (Score 8)