Computer Lab - Practical
--------------------------------------------------------------------------------------------- -------ADVANCED ACCOUNTING FACULTY OF COMMERCE, OSMANIA UNIVERSITY
--------------------------------------------------------------------------------------------- -------Time: 60 Minutes
B.Com (All Streams) Streams) II Year Year W.E.F.2009-10 W.E.F.2009-10
Record Skill Test Total Marks
: : :
10 20 30
Note: Problems are to be solved by using computers (Excel/Accounting package). 1.
Venkat Ltd made an issue of 10,000 equity shares of Rs.100 each, payable Rs.20 on application, Rs.30 on allotment, Rs.30 on First call and Rs.20 on final Call. All the shares are subscribed and amounts duly received. Pass journal entries to give effect to these and also show the relevant items in the Balance Sheet.
2.
Rao & Company Ltd issued 5000 equity shares of Rs.100 each at a premium of Rs.40 per share, payable Rs.10 per share on application, Rs.60 per share on allotment (including premium), Rs.30 on first call and balance on final call. The shares were all subscribed and all money due was received expect the first call money on 1000 shares and final call money on 1500 shares. Give the Journal Entries to record the above transactions.
3.
Lavanya Ltd. Offered 1,00,000 equity shares of the nominal value 100 each for public subscription at Rs.120. The amounts payable on the shares were on application Rs.45, on allo allotm tmen entt (incl (includ udin ingg premi premium um)) Rs.45 Rs.45,, on firs firstt and and final final call call Rs.3 Rs.30. 0. The The actua actuall subscription was only for 90,000 shares. All money payable by shareholders was received except from Kirshna Rao, who had taken 1000 shares but failed to pay the final call. His shares were forfeited and re-issued to Prashanth at Rs.60 each. Show journal entries in the books of the company.
4.
Ramu Ltd., issued 10,000 Debentures of Rs.100 each for subscription. The debenture moneys are payable as follows: Rs.30 on application, Rs.40 on allotment, Rs.20 on first call and Rs.10 on second call. A person who holds 200 Debentures fails to pay the amount due at the time of allotment. He, however, pays this amount with the first call money. Another person who is holding 400 Debentures, has paid all the calls in advance at the time of allotment. Give Journal entries in the books of the company.
5.
On 1 st April, 1993, Geeta Products Ltd. issued Debenture for Rs.1,00,000, redeemable at par at the end of the 5 years and its was resolved that a Sinking Fund should be formed and invested in tax-free securities. Give Journal Entries for 5 years, assuming that the interest received on the investment was at the rate of 5 percent on cost, that the interest was received yearly and immediately invested and that the investments were realized at a loss of Rs.300 at the end of five years. Reference Reference to the Sinking Funds Table shows that Rs.0.180975 invested invested at the end of the year, at 5% compound interest will produce Rs.1 at the end of 5 years. http://www.saif4u.webs.com 1
Computer Lab - Practical
--------------------------------------------------------------------------------------------- -------ADVANCED ACCOUNTING 6.
The following is the Balance Sheet on 31st March 1992 of Mr. A. Rs.
Assets
Rs.
Liabilities
Creditors A’s Capital
3,000 Cash 13,500 Debtors Stock Furniture Premises Investments 16,500
500 4,000 5,000 750 6,000 250 1 6 ,5 0 0
He decided to admit a partner and it is arranged that the partner shall join on the above Balance Sheet subject to the following modifications: i) 5% reserve for bad debts is to to be provided on Debtors, ii) Stock to be taken at Rs.4,500, iii) Furniture is to be taken at Rs.500, iv) Premises to be taken at Rs.7,000, v) Cash and investments not to be taken over by the partnership. Make the Journal entries and prepare the balance sheet giving effect to the modifications. 7.
A & B shared in proportions of 3 and 2 with capitals of Rs.20,000 and Rs.15,000 respectively. They agree to admit C into partnership as from 1st January, 1992 on the following terms for a third share in future profits: a) That That C should should bring bring in in Rs.2 Rs.20,00 0,0000 b) That as C is unable unable to bring bring this this share of goodwil goodwilll in cash, the the goodwill goodwill of the firm firm be valued at Rs.15,000 and a goodwill account be raised and written off in the firm’s books. Set out the journal entries required, the capital accounts of the partners, the goodwill account and state the future profit sharing proportion of the partners.
8.
A and B are partners sharing profits in the ratio of 3 : 2. C is admitted and the new profit sharing sharing ratio is 2 : 2 : 1. C brings in cash Rs.8,000 for capital and Rs.2,000 for goodwill. goodwill. The balance sheet of A and B is as follows: Rs.
Capitals: A B Reserve Fund
Rs.
8,000 Good will 8,000 Assets 4,000
20,000 20,000 Give journal entries and prepare balance sheet of the new firm.
2,500 17,500 . .
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9.
A and B are equal partners in a firm. They decided to admit C as a new partner and Readjust the Balance Sheet values for this purpose. The Balance Sheet of A and B on 31st Dec., 1989 was as under: Rs.
Rs.
Creditors Bills Payable Reserve Fund A’s Capital B’s Capital
1,000 Cash 6 00 1,0 1,000 Debtors 1,500 40 0 Stock 1,400 1,500 Furniture 4 00 1,000 Machinery 1,000 4,900 4,900 The following adjustments were to be made before C’s admission: (a) Rs.300 were to be provided for doubtful debts, (b) furniture was valued Rs.250, c) investment worth Rs.400 (not mentioned in the Balance Sheet) were to be taken into account d) C brings Rs.1,000 for capital and Rs.1000 for goodwill which sum A and B withdrew in their proportion. Give i) Journal Entries, ii) Revaluation Account, and iii) Balance Sheet of the new Firm. 10.
Kishore and Nakul are partners sharing profits and losses equally. Their Balance sheet on 30th November, 1990 is as follows: Rs.
Assets
Rs.
Liabilities
Creditors 11,200 Cash 3,500 Bills Payable 1,800 Stock 17,800 Kishore’s Loan 5,000 Debtors 13,800 Reserve Fund 6,000 Less: Provision 1,400 12,400 Capital Accounts: Furniture 2,800 Kishore 15,000 Plant and Machinery 22,500 Nakul 20,000 35,000 59,000 5 9 ,0 0 0 They decide to dissolve the firm. The assets realized as follows: Stock 18,200 Debtors 10,600 Furniture 1,800 Plant and Machinery 19,000 Credit allowed a discount of 2% and expenses of realization amounted to Rs.554. Give journal entries and the necessary ledger accounts to close the books of the firm. 11.
A and B are partners in a business sharing profits and losses as A 3/5ths and B 2/5ths. Their Balance Sheet as on 1st January 1991 is given below: Capital: A 20,000 Machinery 19,500 B 15,000 35,000 Stock 16,000 Reserve 15,000 Debtors 15,000 Sundry Creditors 7,500 Cash at Bank 6,000 Cash in hand 1,000 . . http://www.saif4u.webs.com 1
Computer Lab - Practical
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57,500 57,500 B decides to retire from the business owing to illness and A takes it over and the following revolutions are made: a) Goodwil Goodwilll of the the firm firm is value valuedd at Rs.15, Rs.15,000 000.. b) Depreci Depreciate ate Machi Machinery nery by by 7.5% and and stock stock by 15% 15% c) A Bad Bad Debt Debtss provi provisi sion on is rais raised ed agai agains nstt Debt Debtors ors at 5% and a Disc Discoun ountt Rese Reserv rvee against Creditors at 2.5%. Journalize the above transactions in the books of the firm, prepare ledger accounts and the Balance Sheet of A. 12.
(Debtors methods): A head office in Bombay has a branch in Hyderabad to which goods are invoiced by the Head office at cost plus 25%. All cash received by the Head office. From the following particulars show how the Branch Account will appear in the Head office books: Stock on 1st January, 2005 (at Invoice Price) 1,25,000 st Debtors on 1 January, 2005 1,20,000 Goods invoiced from Head office 4,00,000 Remittances by Branch to Head office Cash sales 1,60,000 Cash Cash rece receiv ived ed from from debt debtor orss 2,95 2,95,0 ,000 00 4,55 4,55,0 ,000 00 Goods returned to head office (at invoice price) 2 5 ,0 0 0 Cheques remitted to Branch: Salaries 1,10,000 Rent & Taxes 30,000 Sun Sundry expen penses 5,000 000 1,45,0 5,000 st Stock on 31 December, 2005 1,50,000 st Debtors on 31 December, 2005 2,25,000
13.
(Stock and Debtors method) method) Praveen Praveen Ltd. Has a branch at Pune. Goods were invoiced at selling price which was fixed by adding 25% to the cost. From the following information relating to the year 2005 ascertain the profit or loss made in the year 2005 by Stock and Debtors system: Rs.
Rs.
Stock at invoice Cash Sales 90,000 price on 1-1-2005 20,000 Credit sales 1,85,000 Goods sent to Branch Cash remitted to Branch during the year 2005 for expenses: at invoice price 3,00,000 Rent 2,400 Discount allowed to Salaries 5,600 customers 5,000 General Expenses 2,000 10,000 Cash received from Goods returned customers 1,40,000 by Customers 6,000 Stock at invoice price on Debtors on 1-1-2005 10,000 31.12.2005 50,000 There was shortage of Rs.1,000 when Branch stock was physically verified. http://www.saif4u.webs.com 1
Computer Lab - Practical
--------------------------------------------------------------------------------------------- -------ADVANCED ACCOUNTING 14.
Sumana Limited invoices goods to their various Branches at cost and the Branches sell for cash as well as on credit. From the following particulars, prepare the Branch Stock Accou Account nt,, Branc Branchh Debt Debtors ors Accou Account nt,, Goods Goods Sent Sent to Branc Branchh Acco Account unt,, Branc Branchh Cash Cash Account, Branch Expenses Account and Branch Profit and Loss Account in the Books of Head Office: Particulars Rs. st Stock on 1 January 10,000 st Stock on 31 December 8,000 st Debtors on 1 January 14,000 st Debtors on 31 December 15,000 st Cash on 1 January 400 Goods sent to Branch 30,000 Goods returned by Branch 2,000 Cash sales 30,000 Credit sales 25,000 Allowance to customers 400 Bad Debts 600 Returns from customers 1,000 Remittance by Branch 46,000 Wages and Salaries 4,000 Rent and Taxes 2,000 Normal Loss of goods due to wastage 500 Abnormal Loss due to pilferage 1,500 Cash remitted to Branch 4,500
15.
Sri Vaihbava Publications Ltd. Invited applications for 10,000 shares of Rs.10 each the details are give as follows: On Application Rs.2, On Allotment Rs.3, On First and Final Call Rs.5. The public applied for 10,000 shares and they were allotted. Show the vouchers of the above transaction.
*****
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Computer Lab - Practical
--------------------------------------------------------------------------------------------- -------ADVANCED ACCOUNTING PROBLEM: 1 STEP:1-- ENTER INTO TALLY ACCOUNTING SOFTWARE STEP:1
Double click on tally icon from the desktop. STEP:2-- CREATION OF COMPANY STEP:2
Navigation: Company info menu → Create ┘ ( Give Name, Address, Financial Year etc)
STEP:3-- CREATION OF LEDGER STEP:3
Path: Gateway of Tally → Accounts info → Ledger → Multiple Ledger → Create
S.NO
NAME OF SHARE
1 2 3 4 5
UNDER
Equity share capital Equity share application Equity share Allotment Equity share First call Equity share Second call
Capital A/C Capital A/C Capital A/C Capital A/C Capital A/C
STEP:4- ENTERING TRANSACTIONS INTO VOUCHER
Path: Gateway of Tally → Accounting Voucher
Date
Particular
L.F.
Debit
(Receipt Voucher) i.e. F6 By. Bank/Cash A/c --------------------Dr. To. Share Application A/c (Journal Voucher) i.e. F7 By. Share Application A/c ------------Dr. To. Equity Share Capital A/c (Journal Voucher) i.e. F7 By. Share Allotment A/c --------------Dr. To. Share Capital A/c (Receipt Voucher) i.e. F6 By. Bank/Cash A/c----------------------Dr To. Share Allotment A/c (Journal Voucher) i.e. F7 By. Share First Call A/c---------------Dr. To. Share Capital A/c (Receipt Voucher) i.e. F6 By. Bank/Cash A/c --------------------Dr. To. Share First call A/c (Journal Voucher) i.e. F7 By. Share Final/Second Call A/c-----Dr.
2,00,000 2,00,000 3,00,000 3,00,000 3,00,000
3,00,000
Credit
2,00,000 2,00,000 3,00,000 3,00,000 3,00,000
3,00,000
2,00,000
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Computer Lab - Practical
--------------------------------------------------------------------------------------------- -------ADVANCED ACCOUNTING
To. Share Capital A/c (Receipt Voucher) i.e. F6 By. Bank/Cash A/c --------------------Dr. To. Share Final/Second call A/c
2,00,000 2,00,000
2,00,000
STEP:5- DISPLAY RESULT
Path: Gateway of Tally → Reports → Display → Accounts Books → Cash Books → Gateway of Tally → Report → Balance Sheet.
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Computer Lab - Practical
--------------------------------------------------------------------------------------------- -------ADVANCED ACCOUNTING PROBLEM: 2 STEP:1-- ENTER INTO TALLY ACCOUNTING SOFTWARE STEP:1
Double click on tally icon from the desktop.
STEP:2-- CREATION OF COMPANY STEP:2
Navigation: Company info menu → Create ┘ ( Give Name, Address, Financial Year etc)
STEP:3-- CREATION OF LEDGER STEP:3
Path: Gateway of Tally → Accounts info → Ledger → Multiple Ledger → Create
S.NO
NAME OF LEDGER
1 2 3 4 5 6 7
UNDER GROUP
Share Application A/c Share Allotment A/c Share First Call A/c Share Final Call A/c Share Capital A/c Share Premium A/c Call in Arrears
Share Capital A/c Share Capital A/c Share Capital A/c Share Capital A/c Share Capital A/c Reserve and Surplus Share Capital A/c
Press Four times (Esc) and Accept YES to Save Press (Esc) and Return to Gateway of Tally STEP:4- ENTERING TRANSACTIONS INTO VOUCHER
Path: Gateway of Tally → Accounting Voucher
Date
Particular
L.F.
Debit
(Receipt Voucher) i.e. F6 By. Bank A/c---------------------------Dr. To. Share Application A/c [ Being share application money received at 5000 shares @ 10 Rs/- ] (Journal Voucher) i.e. F7 By. Share Application A/c To. Share Capital A/c [ Being share application money transferred to share capital A/c ] (Journal Voucher) i.e. F7 By. Share Allotment A/c--------------Dr. To. Share Capital A/c To. Share Premium A/c [ Being Allotment money received including Premium ]
50,000
50,000
30,000
Credit
50,000
50,000
30,000
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Computer Lab - Practical
--------------------------------------------------------------------------------------------- -------ADVANCED ACCOUNTING
(Receipt Voucher) i.e. F6 By. Bank A/c To. Share Allotment A/c [ Being Allotment money received including Premium ] (Journal Voucher) i.e. F7 By. Share First Call A/c --------------Dr. To. Share Capital A/c [ Being share First call money due ] (Receipt Voucher) i.e. F6 By. Bank By. Call in Arrears A/c To. Share First Call A/c [ Being share first call money received 5000 – 1000 = 4000 @ Rs. 30 shares ] (Journal Voucher) i.e. F7 By. Share Final Call A/c To. Share capital A/c [ Being share final call money due ] (Receipt Voucher) i.e. F6 By. Bank A/c --------------------------Dr. By. Call in Arrears A/c --------------Dr. To. Share First Call A/c [ Being share final call money received 5000 – 1500 = 3500 shares @ 40 Rs. ]
3,00,000
1,50,000
1,20,000 30,000
2,00,000
1,40,000 60,000
3,00,000
1,50,000
1,50,000
2,00,000
2,00,000
STEP:5- DISPLAY RESULT
Path: Gateway of Tally → Reports → Display → Accounts Books → Cash Books → Gateway of Tally → Report → Balance Sheet.
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Computer Lab - Practical
--------------------------------------------------------------------------------------------- -------ADVANCED ACCOUNTING PROBLEM: 3 STEP:1-- ENTER INTO TALLY ACCOUNTING SOFTWARE STEP:1
Double click on tally icon from the desktop.
STEP:2-- CREATION OF COMPANY STEP:2
Navigation: Company info menu → Create ┘ ( Give Name, Address, Financial Year etc)
STEP:3-- CREATION OF LEDGER STEP:3
Path: Gateway of Tally → Accounts info → Ledger → Multiple Ledger → Create
S.NO
NAME OF LEDGER
1 2 3 4 5 6 7 8
Equity Share Application A/c Equity Share Allotment A/c Equity Share First Call A/c Equity Share Capital A/c Call in Arrears A/c Forfeited shares A/c Capital Reserve A/c Share Premium A/c
UNDER GROUP
Equity Share Capital A/c Equity Share Capital A/c Equity Share Capital A/c Equity Share Capital A/c Equity Share Capital A/c Equity Share Capital A/c Reserve and Surplus Reserve and Surplus
Press Four times (Esc) and Accept YES to Save Press (Esc) and Return to Gateway of Tally STEP:4- ENTERING TRANSACTIONS INTO VOUCHER
Path: Gateway of Tally → Accounting Voucher
Date
Particular
L.F.
Debit
(Receipt Voucher) i.e. F6 By. Bank A/c---------------------------Dr. To. Share Application A/c [ Being share application money received at 5000 shares @ 10 Rs/- ] (Journal Voucher) i.e. F7 By. Share Application A/c To. Share Capital A/c [ Being share application money transferred to share capital A/c ] (Journal Voucher) i.e. F7 By. Share Allotment A/c--------------Dr. To. Share Capital A/c To. Share Premium A/c [ Being Allotment money received
50,000
50,000
30,000
Credit
50,000
50,000
30,000
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Computer Lab - Practical
--------------------------------------------------------------------------------------------- -------ADVANCED ACCOUNTING
including Premium ] (Receipt Voucher) i.e. F6 By. Bank A/c To. Equity Share Allotment A/c [ Being Equity Allotment money received ] (Journal Voucher) i.e. F7 By. Equity Share First Call A/c -----Dr. To. Equity Share Capital A/c (Journal Voucher) i.e. F7 By. Equity Share Allotment A/c To. Equity share capital A/c To. Share Premium A/c [ Being amount due towards allotment including Premium ] (Journal Voucher) i.e. F7 By. Bank A/c To. Equity Share Allotment A/c [ Being allotment money received ] (Journal Voucher) i.e. F7 By. Equity share First/ Final call A/c To. Equity share capital A/c [ Being the amount due towards calls ] (Receipt Voucher) i.e. F6 By. Bank A/c By. Calls in Arrears A/c To. Equity share first/final call A/c [ Being first/final call money received except on 1000 shares] (Journal Voucher) i.e. F7 By. Equity share capital A/c To. Equity share first/call A/c To. Share Forfeited A/c [ Being the forfeited of 1000 shares on which first/final call money was not received ] (Journal Voucher) i.e. F7 By. Bank A/c By. Share forfeited A/c To. Equity share capital A/c [ Being the reissue of forfeited shares issued @ Rs. 60 per share ] (Journal Voucher) i.e. F7 By. Share forfeited A/c
40,05,000
40,05,000 40,05,000
40,50,000
27,00,000
26,70,000 30,000
1,00,000
60,000 40,000
40,05,000
40,05,000 22,50,000 18,00,000
40,50,000
27,00,000
27,00,000
30,000 70,000
1,00,000
30,000
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Computer Lab - Practical
--------------------------------------------------------------------------------------------- -------ADVANCED ACCOUNTING
To. Capital Reserve A/c [ Being Balance of share forfeited A/c Transferred to capital reserve A/c ]
30,000
STEP:5- DISPLAY RESULT
Path: Gateway of Tally → Reports → Display → Accounts Books → Cash Books
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Computer Lab - Practical
--------------------------------------------------------------------------------------------- -------ADVANCED ACCOUNTING PROBLEM: 4 STEP:1-- ENTER INTO TALLY ACCOUNTING SOFTWARE STEP:1
Double click on tally icon from the desktop. STEP:2-- CREATION OF COMPANY STEP:2
Navigation: Company info menu → Create ┘ ( Give Name, Address, Financial Year etc) STEP:3-- CREATION OF LEDGER STEP:3
Path: Gateway of Tally → Accounts info → Ledger → Multiple Ledger → Create
S.NO
NAME OF LEDGER
1 2 3 4 5 6 7 8
UNDER GROUP
Debenture A/c Debenture Application A/c Debenture Allotment A/c Debenture First Call A/c Debenture Last Call A/c Debenture Call in Arrears A/c Debenture Call in advance A/c Bank A/c
Secured loans Secured loans Secured loans Secured loans Secured loans Reserve and Surplus Current liabilities Bank A/c
Press Four times (Esc) and Accept YES to Save Press (Esc) and Return to Gateway of Tally STEP:4- ENTERING TRANSACTIONS INTO VOUCHER
Path: Gateway of Tally → Accounting Voucher
Date
Particular
L.F.
Debit
(Receipt Voucher) i.e. F6 By. Bank A/c To. Debenture Application (Journal Voucher) i.e. F7 By. Debenture Application A/c To. Debenture A/c (Journal Voucher) i.e. F7 By. Debenture Allotment A/c To. Debenture A/c (Receipt Voucher) i.e. F6 By. Bank A/c To. Debenture Allotment A/c To. Debenture Call in Advance A/c (Journal Voucher) i.e. F7 By. Debenture first call A/c To. Debenture A/c
3,00,000 3,00,000 4,00,000
4,04,000
Credit
3,00,000 3,00,000 4,00,000
3,92,000 2,000
2,00,000
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Computer Lab - Practical
--------------------------------------------------------------------------------------------- -------ADVANCED ACCOUNTING
(Journal Voucher) i.e. F7 By. Debenture Call in advance A/c To. Debenture first call A/c (Receipt Voucher) i.e. F6 By. Bank A/c To. Debenture Allotment A/c To. Debenture first call A/c (Journal Voucher) i.e. F7 By. Debenture Second Call A/c To. Debenture A/c (Receipt Voucher) i.e. F6 By. Debenture Call in a advance A/c By. Bank A/c To. Debenture second call A/c
2,00,000 8,000 2,00,000
1,00,000 4,000 96,000
8,000 8,000 1,92,000 1,00,000
1,00,000
STEP:5- DISPLAY RESULT
Path: Gateway of Tally → Reports → Display → Accounts Books → Cash Books
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Computer Lab - Practical
--------------------------------------------------------------------------------------------- -------ADVANCED ACCOUNTING PROBLEM: 5 STEP:1-- ENTER INTO TALLY ACCOUNTING SOFTWARE STEP:1
Double click on tally icon from the desktop. STEP:2-- CREATION OF COMPANY STEP:2
Navigation: Company info menu → Create ┘ ( Give Name, Address, Financial Year etc) STEP:3CREATION STEP:3 CREATION OF GROUP:
Path: Gateway of Tally → Accounts info → Group → Single Group → Create
S.NO
NAME OF GROUP
UNDER GROUP
1
Profit & Loss Appropriation A/c
Reserve and Surplus
STEP:4 CREATION OF LEDGER
Path: Gateway of Tally → Accounts info → Ledger → Multiple Ledger → Create S.NO
NAME OF LEDGER
1 2 3 4 5 6
Debenture Profit & Loss Appropriation Bank A/c Sinking fund A/c Sinking fund Investment Interest on sinking fund investment
UNDER GROUP
Secured Loans P & L Appropriation Bank A/c Reserve and Surplus Investment Indirect income
Press Four times (Esc) and Accept YES to Save Press (Esc) and Return to Gateway of Tally STEP:5- ENTERING TRANSACTIONS INTO VOUCHER
Path: Gateway of Tally → Accounting Voucher
Date
Particular
L.F.
(Receipt Voucher) i.e. F6 By. Bank A/c To. Debenture A/c (Journal Voucher) i.e. F7 By. P & L Appropriation A/c To. Sinking fund investment A/c (Payment Voucher) i.e. F5 By. Sinking fund investment A/c To. Bank A/c (Receipt Voucher) i.e. F6 By. Bank A/c To. Interest on sinking fund investment A/c
Debit
1,00,000 18,098 18,100
Credit
1,00,000 18,098 18,100
905
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Computer Lab - Practical
--------------------------------------------------------------------------------------------- -------ADVANCED ACCOUNTING
To. Debenture Call in Advance A/c (Journal Voucher) i.e. F7 By. Interest on sinking fund investment A/c To. Sinking fund A/c (Journal Voucher) i.e. F7 By. P & L Appropriation A/c To. Sinking fund A/c (Payment Voucher) i.e. F5 By. Sinking fund investment A/c To. Bank A/c (Receipt Voucher) i.e. F6 By. Bank A/c To. Investment Sinking fund investment A/c (Journal Voucher) i.e. F7 By. Investment Sinking fund investment A/c To. Sinking fund A/c (Journal Voucher) i.e. F7 By. Profit & Loss Appropriation A/c To. Sinking fund A/c (Payment Voucher) i.e. F5 By. Sinking Sinking fund investment A/c To. Bank A/c ( Receipt Voucher) i.e. F6 By. Bank A/c To. Interest on sinking land investment A/c (Journal Voucher) i.e. F7 By. Interest on sinking land investment A/c To. Sinking fund A/c (Payment Voucher) i.e. F5 By. Sinking fund investment A/c To. Bank A/c (Receipt Voucher) i.e. F6 By. Bank A/c To. Interest on sinking fund investment A/c (Journal Voucher) i.e. F7 By. P & L Appropriation A/c To. Sinking fund A/c (Receipt Voucher) i.e. F6 By. Bank A/c To. Sinking fund investment A/c [ Being amount realised on sale of investment 78,100-300=77,800 ] (Journal Voucher) i.e. F7 By. Investment Sinking fund investment A/c
905 905 18,095 19,000
1,855 1,855 18,098 20,000 2,855 2,855
21,000 3,905 18,098 77,800
905 18,095 19,000
1,855 1,855 18,098 20,000 2,855 2,855
21,000 3,905 18,098 77,800
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Computer Lab - Practical
--------------------------------------------------------------------------------------------- -------ADVANCED ACCOUNTING
To. Sinking fund A/c (Journal Voucher) i.e. F7 By. Sinking fund A/c To. Sinking fund investment A/c (Payment Voucher) i.e. F5 By. Debenture A/c To. Bank A/c (Journal Voucher) i.e. F7 By. Sinking fund A/c To. General Reserve A/c
3,905 300 1,00,000 99,710
3,905 300 1,00,000 99,710
STEP:5- DISPLAY RESULT
Path: Gateway of Tally → Reports → Display → Accounts Books → Cash Books
PROBLEM: 6
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Computer Lab - Practical
--------------------------------------------------------------------------------------------- -------ADVANCED ACCOUNTING STEP:1-- ENTER INTO TALLY ACCOUNTING SOFTWARE STEP:1
Double click on tally icon from the desktop.
STEP:2-- CREATION OF COMPANY STEP:2
Navigation: Company info menu → Create ┘ ( Give Name, Address, Financial Year etc)
STEP:3CREATION STEP:3 CREATION OF GROUP:
Path: Gateway of Tally → Accounts info → Group → Single Group → Create
S.NO
NAME OF GROUP
UNDER GROUP
1 2
Revaluation A/c Current A/c
Reserve and Surplus Capital A/c
STEP:4 CREATION OF LEDGER
Path: Gateway of Tally → Accounts info → Ledger → Multiple Ledger → Create
S.NO
NAME OF LEDGER
1 2 3 4 5 6 7 8 9 10
Creditor A’s Capital Debtors Stock Furniture Premises Investment Bad debts Revaluation A’s Current
UNDER GROUP
OPEMOMG BALANCE
S. Creditor Capital A/c S. Debtors Current Assets Fixed Assets Fixed Assets Investment S. Debtors Revaluation Current
3,000 Cr. 13,500 Cr. 4,000 Dr. 5,000 Dr. 750 Dr. 6,000 Dr. 250 Dr. -
Press Four times (Esc) and Accept YES to Save Press (Esc) and Return to Gateway of Tally STEP: 5- GOTO ALTER AND ENTER S.NO
NAME OF LEDGER
UNDER GROUP
OPENING BALANCE
11
Cash
Cash-in-hand
500 Dr.
STEP: 6- ENTERING TRANSACTIONS INTO VOUCHER
Path: Gateway of Tally → Accounting Voucher
Date
Particular
L.F.
(Journal Voucher) i.e. F7 By. Bad Debts A/c
Debit
Credit
200 http://www.saif4u.webs.com 1
Computer Lab - Practical
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To. Debtors A/c (Journal Voucher) i.e. F7 By. Revaluation A/c To. Bad Debts A/c (Journal Voucher) i.e. F7 By. Revaluation A/c To. Stock A/c (Journal Voucher) i.e. F7 By. Revaluation A/c To. Furniture A/c (Journal Voucher) i.e. F7 By. Premises A/c To. Revaluation A/c (Journal Voucher) i.e. F7 By. Revaluation A/c To. A’s Current A/c
200 200 500 250
1,000 50
200 500 250
1,000 50
STEP:7- DISPLAY RECALUATION A/c, BALANCE SHEET
Path: Accounts info → Display → Accounts Book → Ledgers → Revaluation A/c Gateway of Tally → Balance sheet.
PROBLEM: 7
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Computer Lab - Practical
--------------------------------------------------------------------------------------------- -------ADVANCED ACCOUNTING STEP:1-- ENTER INTO TALLY ACCOUNTING SOFTWARE STEP:1
Double click on tally icon from the desktop.
STEP:2-- CREATION OF COMPANY STEP:2
Navigation: Company info menu → Create ┘ ( Give Name, Address, Financial Year etc)
STEP:3CREATION STEP:3 CREATION OF GROUP:
Path: Gateway of Tally → Accounts info → Group → Single Group → Create
S.NO
NAME OF GROUP
UNDER GROUP
1 2
Current A/c Good Will A/c
Capital A/c Current Assets
STEP:4 CREATION OF LEDGER
Path: Gateway of Tally → Accounts info → Ledger → Multiple Ledger → Create
S.NO
1 2 3 4 5 6 7 8
NAME OF LEDGER
A’s Capital A/c B’s Capital A/c C’s Capital A/c A’s Current A/c B’s Current A/c C’s Current A/c Good Will Cash
UNDER GROUP
OPEMOMG BALANCE
Capital A/c Capital A/c Capital A/c Current A/c Current A/c Current A/c Good Will Cash-in-hand
20,000 Cr. 15,000 Cr. 35,000
Press Four times (Esc) and Accept YES to Save Press (Esc) and Return to Gateway of Tally STEP:5- ENTERING TRANSACTIONS INTO VOUCHER
Path: Gateway of Tally → Accounting Voucher
Date
Particular
L.F.
(Receipt Voucher) i.e. F6 By. C’s Capital A/c To. Cash A/c (Journal Voucher) i.e. F7 By. Goodwill A/c To. A’s Current A/c To. B’s Current A/c (Journal Voucher) i.e. F7 By. A’s Current A/c By. B’s Current A/c
Debit
20,000 15,000
6,000
Credit
20,000 9,000 6,000 500
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Computer Lab - Practical
--------------------------------------------------------------------------------------------- -------ADVANCED ACCOUNTING
By. C’s Current A/c To. Goodwill A/c
4,000 5,000
15,000
STEP:6- DISPLAY RESULT
Path: Gateway of Tally → Display → Accounts Book → Ledgers Ledg ers → Goodwill A/c
PROBLEM: 8
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Computer Lab - Practical
--------------------------------------------------------------------------------------------- -------ADVANCED ACCOUNTING STEP: 11- ENTER INTO TALLY ACCOUNTING SOFTWARE
Double click on tally icon from the desktop.
STEP: 22- CREATION OF COMPANY
Navigation: Company info menu → Create ┘ (Give Name, Address, Financial Year etc)
STEP: 3 CREATION OF GROUP:
Path: Gateway of Tally → Accounts info → Group → Single Group → Create
S.NO
NAME OF GROUP
UNDER GROUP
1 2 3
Current A/c Good Will A/c Reserve Fund A/c
Capital A/c Current Assets Reserve & Surplus
STEP:4 CREATION OF LEDGER
Path: Gateway of Tally → Accounts info → Ledger → Multiple Ledger → Create
S.NO
NAME OF LEDGER
1 2 3 4 5 6 7 8 9
A’s Capital A/c B’s Capital A/c C’s Capital A/c Goodwill Assets A’s Current A/c B’s Current A/c C’s Current A/c Reserve Fund
UNDER GROUP
OPEMOMG BALANCE
Capital A/c Capital A/c Capital A/c Good Will Fixed Assets Current A/c Current A/c Current A/c Reserve Fund
8,000 Cr. 8,000 Cr. 2,500 Dr. 17,500 Dr. 4,000
Press four times (Esc) and Accept YES to Save Press (Esc) and Return to Gateway of Tally STEP: 5- ENTERING TRANSACTIONS INTO VOUCHER
Path: Gateway of Tally → Accounting Voucher
Date
Particular
L.F.
(Receipt Voucher) i.e. F6 By. C’s Capital A/c To. Cash A/c (Receipt Voucher) i.e. F6 By. Cash A/c To. Goodwill A/c (Journal Voucher) i.e. F7 By. Goodwill A/c
Debit
8,000 2,000
Credit
8,000 2,000
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Computer Lab - Practical
--------------------------------------------------------------------------------------------- -------ADVANCED ACCOUNTING
To. A’s Current A/c To. B’s Current A/c (Journal Voucher) i.e. F7 By. Reserve Fund A/c To. A’s Current A/c To. B’s Current A/c
4,500
4,000
2,700 1,800 2,400 1,600
STEP:6- DISPLAY RESULT
Path: Gateway of Tally → Reports → Balance Sheet.
PROBLEM: 9
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Computer Lab - Practical
--------------------------------------------------------------------------------------------- -------ADVANCED ACCOUNTING STEP: 11- ENTER INTO TALLY ACCOUNTING SOFTWARE
Double click on tally icon from the desktop.
STEP: 22- CREATION OF COMPANY
Navigation: Company info menu → Create ┘ (Give Name, Address, Financial Year etc)
STEP: 3 CREATION OF GROUP:
Path: Gateway of Tally → Accounts info → Group → Multiple Group → Create
S.NO
NAME OF GROUP
UNDER GROUP
1 2 3
Current A/c Good Will A/c Reserve Fund A/c
Capital A/c Current Assets Reserve & Surplus
STEP:4 CREATION OF LEDGER
Path: Gateway of Tally → Accounts info → Ledger → Multiple Ledger → Create
S.NO
1 2 3 4 5 6 7 8 9 10 11 12 13 14
NAME OF LEDGER
UNDER GROUP
OPEMOMG BALANCE
A’s Capital A/c B’s Capital A/c S. Creditors Reserve Machinery Stock Debtors A’s Current A/c B’s Current A/c Goodwill Bad Debts Discount Reserve on Creditors B’s Loan A/c Bank
Capital A/c Capital A/c S. Creditors Reserve Fund Fixed Assets Current Assets S. Debtors Current A/c Current A/c Goodwill S. Debtors S. Creditors Loan & Advances Bank A/c
8,000 Cr. 8,000 Cr. 2,500 Dr. 17,500 Dr. 4,000 6,000 Dr.
Press four times (Esc) and Accept YES to Save Press (Esc) and Return to Gateway of Tally STEP: 5- GOTO ALTER AND ENTER S.NO
NAME OF LEDGER
UNDER GROUP
OPENING BALANCE
11
Cash
Cash-in-hand
1,000 Dr.
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Computer Lab - Practical
--------------------------------------------------------------------------------------------- -------ADVANCED ACCOUNTING
STEP: 6- ENTERING TRANSACTIONS INTO VOUCHER
Path: Gateway of Tally → Accounting Voucher
Date
Particular
L.F.
(Journal Voucher) i.e. F7 By. Goodwill A/c To. A’s Capital A/c To. B’s Capital A/c By. Revaluation A/c To. Machinery A/c By. (stock) Revaluation A/c To. Stock A/c By. Bad Debts A/c To. Debtors A/c By. Revaluation A/c To. Bad Debts By. S. Creditors A/c To. R. Discount Creditors A/c By. R. Discount Creditors A/c To. Revaluation A/c By. A’s Capital A/c By. B’s Capital A/c To. Revaluation A/c By. B,s Capital A/c To. B’s Loan A/c By. Reserve Fund A/c To. A’s Capital A/c To. B’s Capital A/c
Debit
15,000 1,462.5 2,400 750 750 187.5 187.5 2,655 1,770 25,230 15,000
Credit
9,000 6,000 1,462.5 2,400 750 750 187.5 187.5 4,425 25,230 9,000 6,000
STEP:6- DISPLAY RESULT
Path: Gateway of Tally → Reports → Balance Sheet.
PROBLEM: 10
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Computer Lab - Practical
--------------------------------------------------------------------------------------------- -------ADVANCED ACCOUNTING STEP: 11- ENTER INTO TALLY ACCOUNTING SOFTWARE
Double click on tally icon from the desktop.
STEP: 22- CREATION OF COMPANY
Navigation: Company info menu → Create ┘ (Give Name, Address, Financial Year etc)
STEP:3 CREATION OF LEDGER
Path: Gateway of Tally → Accounts info → Ledger → Multiple Ledger → Create
S.NO
1 2 3 4 5 6 7 8 9 10 11 12
NAME OF LEDGER
S. Creditor Bills Payable Kishore Loan Reserve Fund Kishore Capital Nakul Capital Cash Stock Debtors Furniture Realization A/c Provision for doubtful debts
UNDER GROUP
OPEMOMG BALANCE
S. Creditors Current Liability Reserve Capital Capital Cash-in-hand Current Assets S. Debtors Fixed Assets Suspense A/c S. Debtors
11,200 1,800 5,000 6,000 15,000 20,000 3,500 17,800 12,400 22,500 -
Press four times (Esc) and Accept YES to Save Press (Esc) and Return to Gateway of Tally STEP: 4- ENTERING TRANSACTIONS INTO VOUCHER
Path: Gateway of Tally → Accounting Voucher
Date
Particular
L.F.
(Journal Voucher) i.e. F7 By. Realization A/c To. Stock A/c To. Debtor A/c To. Furniture A/c To. Plant & Machinery A/c (Journal Voucher) i.e. F7 By. Creditors By. Bills Payable By. Provision for doubtful debts To.. Revaluation A/c (Journal Voucher) i.e. F7 By. Reserve Fund
Debit
56,900
11,200 1,800 1,400 6,000
Credit
17,800 13,800 2,800 22,500
14,400 3,000
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Computer Lab - Practical
--------------------------------------------------------------------------------------------- -------ADVANCED ACCOUNTING
To. Kishore Capital A/c To. Nakul Capital A/c (Receipt Voucher) i.e. F6 By. Cash To.. Revaluation A/c (Payment Voucher) i.e. F5 By. Realization A/c To. Cash A/c (Payment Voucher) i.e. F5 By. Realization A/c To. Cash A/c (Journal Voucher) i.e. F7 By. Kishore Capital A/c By. Nakul Capital A/c To.. Revaluation A/c (Payment Voucher) i.e. F5 By. Kishore Loan A/c To. Cash A/c (Journal Voucher) i.e. F7 By. Kishore Capital A/c By. Nakul Capital A/c To. Cash A/c
3,000 49,600 12,776 544 3,110 3,110
5,000 14,980 19,890
49,600 12,776 544
6,220
5,000
34,870
STEP:6- DISPLAY RESULT
Path: Gateway of Tally → Display → Account Books → Cash Book. Gateway of Tally → Reports → Balance Sheet.
PROBLEM: 11
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Computer Lab - Practical
--------------------------------------------------------------------------------------------- -------ADVANCED ACCOUNTING STEP: 11- ENTER INTO TALLY ACCOUNTING SOFTWARE
Double click on tally icon from the desktop.
STEP: 22- CREATION OF COMPANY
Navigation: Company info menu → Create ┘ (Give Name, Address, Financial Year etc)
STEP:3 CREATION OF LEDGER
Path: Gateway of Tally → Accounts info → Ledger → Multiple Ledger → Create
S.NO
1 2 3 4 5 6 7 8 9
NAME OF LEDGER
Branch Stock A/c Branch Debtor A/c Branch P & L A/c Branch Cash A/c Goods sent to branch Sales Sales Return Bank A/c Branch Expenses
UNDER GROUP
OPEMOMG BALANCE
Current Assets S. Debtors Indirect Income Cash-in-hand Current Assets Sales A/c Sales A/c Bank A/c Indirect Expenses
10,000 14,000 400 -
Press four times (Esc) and Accept YES to Save Press (Esc) and Return to Gateway of Tally STEP: 4- ENTERING TRANSACTIONS INTO VOUCHER
Path: Gateway of Tally → Accounting Voucher
Date
Particular
L.F.
(Receipt Voucher) i.e. F6 By. Branch Expenses A/c To. Branch Cash A/c (Journal Voucher) i.e. F7 By. Branch P & L A/c To. Branch Stock A/c (Contra Voucher) i.e. F4 By. Cash A/c To. Bank A/c (Receipt Voucher) i.e. F6 By. Branch Cash A/c To. Branch Debtors Debtors A/c (Journal Voucher) i.e. F7 By. Branch P & L A/c To. P & L A/c (Journal Voucher) i.e. F7
Debit
6,000 2,000 4,500 22,000
7,000
Credit
6,000 2,000 4,500 22,000
7,000
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Computer Lab - Practical
--------------------------------------------------------------------------------------------- -------ADVANCED ACCOUNTING
By. Branch P & L A/c To. P & L A/c (Journal Voucher) i.e. F7 By. Branch stock A/c To. Goods sent to branch A/c (Journal Voucher) i.e. F7 By. Goods sent to branch A/c To. Branch stock A/c (Receipt Voucher) i.e. F6 By. Branch Cash A/c To. Sales A/c (Journal Voucher) i.e. F7 By. Branch Debtors A/c To. Sales A/c (Journal Voucher) i.e. F7 By. Branch Expenses A/c To. Branch A/c (Receipt Voucher) i.e. F6 By. Branch stock A/c To. Branch Debtors A/c (Contra Voucher) i.e. F4 By. Bank A/c To. Cash A/c
18,000 30,000 2,000 30,000 25,000
1,000 1,000 46,000
18,000 30,000 2,000 30,000 25,000
1,000 1,000 46,000
STEP:6- DISPLAY RESULT
Path: Gateway of Tally → Display → Account Books → Cash Book. Gateway of Tally → Reports → Balance Sheet.
PROBLEM: 12
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Computer Lab - Practical
--------------------------------------------------------------------------------------------- -------ADVANCED ACCOUNTING STEP: 11- ENTER INTO TALLY ACCOUNTING SOFTWARE
Double click on tally icon from the desktop.
STEP: 22- CREATION OF COMPANY
Navigation: Company info menu → Create ┘ (Give Name, Address, Financial Year etc)
STEP:3 CREATION OF LEDGER
Path: Gateway of Tally → Accounts info → Ledger → Multiple Ledger → Create S.NO
1 2 3 4 5 6 7
NAME OF LEDGER
Branch Stock A/c Goods sent to branch A/c Cash A/c Bank A/c Branch A/c Stock Reserve A/c P & L A/c
UNDER GROUP
OPEMOMG BALANCE
Current Assets Current Assets Cash-in-hand Bank A/c S. Debtors Indirect Income Indirect Income
1,25,000 1,20,000 -
Press four times (Esc) and Accept YES to Save Press (Esc) and Return to Gateway of Tally STEP: 4- ENTERING TRANSACTIONS INTO VOUCHER
Path: Gateway of Tally → Accounting Voucher
Date
Particular
L.F.
(Journal Voucher) i.e. F7 By. Hyderabad Branch A/c To. Goods sent to branch A/c (Receipt Voucher) i.e. F6 By. Bank A/c To. Hyderabad Branch A/c (Journal Voucher) i.e. F7 By. Goods sent to branch A/c To. Hyderabad A/c (Journal Voucher) i.e. F7 By. Goods sent to branch A/c To. Bank A/c (Journal Voucher) i.e. F7 By. Stock Reserve A/c To. Hyderabad A/c (Journal Voucher) i.e. F7 By. Hyderabad Stock A/c To. Stock Reserve A/c (Journal Voucher) i.e. F7
Debit
4,00,000 4,55,000 25,000 1,45000
25,000 30,000
Credit
4,00,000 4,55,000 25,000 1,45,000
25,000 30,000
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Computer Lab - Practical
--------------------------------------------------------------------------------------------- -------ADVANCED ACCOUNTING
By. Goods sent to branch A/c To. Hyderabad Branch A/c (Journal Voucher) i.e. F7 By. Hyderabad Branch A/c To. P & L A/c
75,000 13,500
75,000 13,500
STEP:6- DISPLAY RESULT
Path: Gateway of Tally → Display → Account Books → Cash Book. Gateway of Tally → Reports → Balance Sheet.
PROBLEM: 13
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Computer Lab - Practical
--------------------------------------------------------------------------------------------- -------ADVANCED ACCOUNTING STEP: 11- ENTER INTO TALLY ACCOUNTING SOFTWARE
Double click on tally icon from the desktop.
STEP: 22- CREATION OF COMPANY
Navigation: Company info menu → Create ┘ (Give Name, Address, Financial Year etc)
STEP:3 CREATION OF LEDGER
Path: Gateway of Tally → Accounts info → Ledger → Multiple Ledger → Create S.NO
1 2 3 4 5 6 7 8 9 10 11 12
NAME OF LEDGER
Branch Stock A/c Branch Debtor A/c Branch Expense A/c Branch Adjustment A/c Branch P & L A/c Bank A/c Goods sent to branch A/c Discount allowed A/c Rent A/c Salaries A/c General Expenses A/c Stock Reserve A/c
UNDER GROUP
OPEMOMG BALANCE
Current Assets S. Debtors Indirect Expenses Indirect Expenses Indirect Expenses Bank A/c Indirect Expenses Indirect Expenses Indirect Expenses Indirect Expenses Indirect Expenses Reserve & Surplus
20,000 10,000 -
Press four times (Esc) and Accept YES to Save Press (Esc) and Return to Gateway of Tally STEP: 4- ENTERING TRANSACTIONS INTO VOUCHER
Path: Gateway of Tally → Accounting Voucher
Date
Particular
L.F.
(Journal Voucher) i.e. F7 By. Branch Stock A/c To. Goods sent to branch A/c (Receipt Voucher) i.e. F7 By. Branch Stock A/c To. Branch Debtors Debtors A/c (Receipt Voucher) i.e. F6 By. Bank A/c To. Branch Stock A/c (Journal Voucher) i.e. F7 By. Branch Debtors A/c To. Branch Stock A/c (Journal Voucher) i.e. F7 By. Branch Adjustment A/c
Debit
3,00,000 6,000 90,000 1,85,000
Credit
3,00,000 6,000 90,000 1,85,000
200
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Computer Lab - Practical
--------------------------------------------------------------------------------------------- -------ADVANCED ACCOUNTING
To. Branch Stock A/c (Journal Voucher) i.e. F7 By. Branch P & L A/c To. Branch A/c (Receipt Voucher) i.e. F6 By. Bank A/c To. Branch Debtor A/c (Journal Voucher) i.e. F7 By. Discount A/c To. Branch A/c (Payment Voucher) i.e. F5 By. Rent A/c By. Salaries A/c By. General Expenses A/c To. Bank A/c (Journal Voucher) i.e. F7 By. Branch P & L A/c To. Branch Expenses A/c (Journal Voucher) i.e. F7 By. Branch Expenses A/c To. Rent A/c To. Salaries A/c To. General Expenses A/c To. Discount A/c (Journal Voucher) i.e. F7 By. Branch Adjustment A/c To. Stock Reserve A/c (Journal Voucher) i.e. F7 By. Goods sent to branch A/c To. Branch Adjustment A/c (Journal Voucher) i.e. F7 By. Branch Adjustment A/c To. Branch P & L A/c
200 800 1,40,000 5,000 2,400 5,600 2,000
15,000 15,000
10,000 60,000
53,800
800 1,40,000 5,000
10,000
15,000 2,400 5,600 2,000 5,000 10,000 60,000
53,800
STEP:6- DISPLAY RESULT
Path: Gateway of Tally → Display → Account Books → Cash Book. Gateway of Tally → Reports → Balance Sheet.
PROBLEM: 14
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Computer Lab - Practical
--------------------------------------------------------------------------------------------- -------ADVANCED ACCOUNTING STEP:1-- ENTER INTO TALLY ACCOUNTING SOFTWARE STEP:1
Double click on tally icon from the desktop.
STEP:2-- CREATION OF COMPANY STEP:2
Navigation: Company info menu → Create ┘ ( Give Name, Address, Financial Year etc)
STEP:3CREATION STEP:3 CREATION OF GROUP:
Path: Gateway of Tally → Accounts info → Group → Single Group → Create S.NO
NAME OF GROUP
UNDER GROUP
1 2 3
Current A/c Good Will A/c Revaluation A/c
Capital A/c Current A/c Reserve and Surplus
STEP:4 CREATION OF LEDGER
Path: Gateway of Tally → Accounts info → Ledger → Multiple Ledger → Create
S.NO
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17
NAME OF LEDGER
S. Creditor Bills Payable Reserve Fund A’s Capital B’s Capital C’s Capital Debtors Stock Furniture Machinery Doubtful Debts Investment Good Will A’s Current B’s Current C’s Current Revaluation
UNDER GROUP
OPEMOMG BALANCE
S. Creditor Current Liabilities Reserve & Surplus Capital Capital Capital S. Debtors Current Assets Fixed Assets Fixed Assets S. Debtors Investment Good Will Current Current Current Revaluation
1000 Cr. 1000 Cr. 400 Cr. 1,500 Cr. 1,000 Cr. 1,500 Cr. 1,400 Dr. 400 Dr 1,000 Dr. -
Press Four times (Esc) and Accept YES to Save Press (Esc) and Return to Gateway of Tally STEP:5- ENTERING TRANSACTIONS INTO VOUCHER
Path: Gateway of Tally → Accounting Voucher
Date
Particular
L.F.
Debit
Credit
(Journal Voucher) i.e. F7
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Computer Lab - Practical
--------------------------------------------------------------------------------------------- -------ADVANCED ACCOUNTING
By. Revaluation A/c To. Furniture A/c (Journal Voucher) i.e. F7 By. Doubtful Debtors A/c To. Debtors A/c (Journal Voucher) i.e. F7 By. Investment A/c To. Revaluation A/c (Journal Voucher) i.e. F7 By. Revaluation A/c To. Doubtful Debtors A/c (Receipt Voucher) i.e. F6 By. Cash A/c To. C’s Capital A/c (Journal Voucher) i.e. F7 By. Good Will A/c To. A’s A/c To. B’s A/c ( Journal Voucher) i.e. F7 By. A’s Current A/c By. B’s Current A/c To. Revaluation A/c
250 300 400 300 1,000
1,000
75 75
250 300 400 300 1,000
500 500
150
STEP:5- DISPLAY RESULT
Path: Gateway of Tally → Reports → Display → Accounts Books → Cash Books
PROBLEM: 15
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Computer Lab - Practical
--------------------------------------------------------------------------------------------- -------ADVANCED ACCOUNTING STEP: 11- ENTER INTO TALLY ACCOUNTING SOFTWARE
Double click on tally icon from the desktop.
STEP: 22- CREATION OF COMPANY
Navigation: Company info menu → Create ┘ (Give Name, Address, Financial Year etc)
STEP:3 CREATION OF LEDGER
Path: Gateway of Tally → Accounts info → Ledger → Multiple Ledger → Create S.NO
NAME OF LEDGER
UNDER GROUP
1 2 3 4
Share Capital Share Application Share Allotment Share First/ Last call
Capital Capital Capital Capital
Press four times (Esc) and Accept YES to Save Press (Esc) and Return to Gateway of Tally STEP: 4- ENTERING TRANSACTIONS INTO VOUCHER
Path: Gateway of Tally → Accounting Voucher
Date
Particular
L.F.
(Receipt Voucher) i.e. F6 By. Bank A/c To. Share Application A/c (Journal Voucher) i.e. F7 By. Share Application A/c To. Share Capital A/c (Journal Voucher) i.e. F7 By. Share Allotment A/c To. Share Capital A/c (Receipt Voucher) i.e. F6 By. Bank A/c To. Share Allotment A/c (Journal Voucher) i.e. F7 By. Share First/ Last call A/c To. Share Capital A/c (Receipt Voucher) i.e. F6 By. Bank A/c To. Share First/ Last call A/c
Debit
20,000 20,000 30,000 30,000 50,000
50,000
Credit
20,000 20,000 30,000 30,000 50,000
50,000
STEP:6- DISPLAY RESULT
Path: Gateway of Tally → Display → Account Books → Cash Book. http://www.saif4u.webs.com 1
Computer Lab - Practical
--------------------------------------------------------------------------------------------- -------ADVANCED ACCOUNTING
Gateway of Tally → Reports → Balance Sheet.
KNOWLEDG IS POWER
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