FINANCIAL ACCOUNTING PRACTICAL
	Time
Allowed : 1 Hour						maximum marks:20
													
The company details are as follow ;
- 
	Name – your name ( College Roll No)
	 - 
	Address : Your Name ,Your Phone and mobile No.
	 - 
	Currency symbol:Rs
 
Enter the following transaction of the company in Tally and show
various reports
		
			Balance
sheet as on 31st
March, 2020
	
	
	
	
	
		| 
			 Liabilities 
		 | 
		
			 Amount 
		 | 
		
			 Assets 
		 | 
		
			 Amount 
		 | 
	
	
		| 
			 Capital 
		 | 
		
			 6,00,000 
		 | 
		
			 Personal Computer 
		 | 
		
			 42,000 
		 | 
	
	
		| 
			 Reserves 
		 | 
		
			 25,000 
		 | 
		
			 Plant and Machinery 
		 | 
		
			 2,00,000 
		 | 
	
	
		| 
			 Profit and Loss Account 
		 | 
		
			 50,000 
		 | 
		
			 Furniture 
		 | 
		
			 20,000 
		 | 
	
	
		| 
			 Secured loan 
		 | 
		
			 25,000 
		 | 
		
			 Stock 
		 | 
		
			 1,00,000 
		 | 
	
	
		| 
			 10% Debentures 
		 | 
		
			 50,000 
		 | 
		
			 Debtors 
		 | 
		
			 1,80,000 
		 | 
	
	
		| 
			 Loan from ABC  Ltd 
		 | 
		
			 45,000 
		 | 
		
			 Bills Receivables 
		 | 
		
			 50,000 
		 | 
	
	
		| 
			 Bills Payable 
		 | 
		
			 5,000 
		 | 
		
			 Oriental Bank of Commerce 
		 | 
		
			 1,65,000 
		 | 
	
	
		| 
			 Sundry Creditors 
		 | 
		
			 1,85,000 
		 | 
		
			 State Bank Of Jaipur 
		 | 
		
			 1,41,960 
		 | 
	
	
		| 
			 Salaries outstanding 
		 | 
		
			 5,000 
		 | 
		
			 Cash in Hand 
		 | 
		
			 91,040 
		 | 
	
	
		| 
			  
			 
		 | 
		
			 9,90,000 
		 | 
		
			  
			 
		 | 
		
			 9,90,000 
		 | 
	
	
	
	
	
	
	
		| 
			 Name of the items 
		 | 
		
			 Group 
		 | 
		
			 Quality 
		 | 
		
			 Rate 
			 
		 | 
		
			 Opening stock Value 
		 | 
	
	
		| 
			 Electric bulbs 
		 | 
		
			 Lights 
		 | 
		
			 50 pcs 
		 | 
		
			 100 
		 | 
		
			 5,000 
		 | 
	
	
		| 
			 LED Lights 
		 | 
		
			 Lights 
			 
		 | 
		
			 150 pcs 
		 | 
		
			 180 
		 | 
		
			 27,000 
		 | 
	
	
		| 
			 Coolers 
		 | 
		
			 Cooling Products 
		 | 
		
			 10 pcs 
		 | 
		
			 400 
		 | 
		
			 4,000 
		 | 
	
	
		| 
			 Ceiling fans 
		 | 
		
			 Cooling Products 
		 | 
		
			 80 pcs 
		 | 
		
			 800 
		 | 
		
			 64,000 
		 | 
	
	
		| 
			 Total 
		 | 
		
			  
			 
		 | 
		
			  
			 
		 | 
		
			  
			 
		 | 
		
			 1,00,000 
		 | 
	
	
	
	
	
	
		| 
			 Debtors 
		 | 
		
			 AMOUNT(Rs) 
		 | 
		
			 Creditors 
		 | 
		
			 Amount(Rs) 
		 | 
	
	
		| 
			 Arvind    
  
		 | 
		
			 75,000 
		 | 
		
			 M/s Kapoor Brothers 
		 | 
		
			 1,10,000 
		 | 
	
	
		
			
		Uday
  | 
		
			 60,000 
		 | 
		
			 Ramesh Brothers 
		 | 
		
			 25,000 
		 | 
	
	
		Madan
  | 
		
			 27,000 
		 | 
		
			 Rakesh &Co. 
		 | 
		
			 30,000 
		 | 
	
	
		Kamlesh
  | 
		
			 18,000 
		 | 
		
			 Nitin 
		 | 
		
			 20,000 
		 | 
	
	
		| 
			  
			 
		 | 
		
			 1,80,000 
		 | 
		
			  
			 
		 | 
		
			 1,85,000 
		 | 
	
	
	
	
	
		| 
			 sr.No 
		 | 
		
			 Transaction 
		 | 
		
			 Amount(Rs) 
		 | 
	
	
		| 
			 1 
		 | 
		
			 Cash deposited in Sbj 
		 | 
		
			 10,000 
		 | 
	
	
		| 
			 2 
		 | 
		
			 Paid carriage inwards 
		 | 
		
			 4,400 
		 | 
	
	
		| 
			 3 
		 | 
		
			 Purchased 40 LED Lights from Rakesh & Co. for
			list price Rs 180 each 
		 | 
		
			  
			 
		 | 
	
	
		| 
			 4 
		 | 
		
			 Rakesh &Co. allows trade discount@10% 
		 | 
		
			  
			 
		 | 
	
	
		| 
			 5 
		 | 
		
			 Sales to Uday of 50 electric bulbs. 
		 | 
		
			 7,500 
		 | 
	
	
		| 
			 6 
		 | 
		
			 10 electic bulbs returned by Uday
  
		 | 
		
			  
			 
		 | 
	
	
		| 
			 7 
		 | 
		
			 Uday paid by cheque in full settlement for
			current year transcations. 
		 | 
		
			 5,500 
		 | 
	
	
		| 
			 8 
		 | 
		
			 Interest paid on 10% Debentures. 
		 | 
		
			  
			 
		 | 
	
	
		| 
			 9 
		 | 
		
			 Depreciate plant and machinery , having a useful
			life of 10 years. 
		 | 
		
			  
			 
		 | 
	
You are required to:-
- 
	Create a company as per details given above 
	
	 - 
	Create appropriate groups and ledger Accounts.
	 - 
	Enter the transactions as given selecting appropriate voucher type.
	 - 
	Display the following statements in details view:
 
- 
	Profit and loss Accounts
	 - 
	Balance sheet 
	
	 - 
	Day Book
	 - 
	Ratio Analysis