DEPARTMENT OF BCA

ACCOUNTING AND FINANCIAL MANAGEMENT

TALLY LAB (BCA304P)

Faculty Advisors:

Karthik P

Assistant Professor

Department of Business Administration

karthikp@pes.edu

TABLE OF CONTENTS

PART A

1. Creation of accounts in the name of trading organization including alteration and shut down

2. Creation of accounting groups and ledgers

3. Cash book

4. Purchases book

5. Sales book

6. Purchase returns book

7. Sales returns book

8. Subsidiary books

9. Trading, Profit & Loss Account

10. Balance Sheet

PART B

1. Creation of accounts in the name of non- trading organiation including alteration and shut down

2. Accounting Ledgers

3. Creation of vouchers

4. Identification of groups and vouchers

5. Identification of groups and vouchers

6. Identification of groups and vouchers

7. Purchase and Purchase returns books

8. Display of trial balance

9. Display of profit & loss account

10. Creation of various stock items of computer dealer

PART A

PES COLLEGE BANGALORE SOUTH CAMPUS 1 K.M before Electronic City, Bangalore 560 100

ACCOUNTING & FINANCIAL MANAGEMENT

TALLY LAB LIST – PART A

1. Creation of accounts in the name of Trading Organizations including alteration, deletion and

shutdown of the company.

2. Creation of accounting groups and ledgers using single creation and multiple options.

3. Problem to display Cash Book-

Journalize the following transactions-

April 1, 2010 Krishna commenced business with cash Rs.10000, Goods Rs.2000

April 5, 2010 bought furniture for cash Rs.1000

April 6, 2010 bought machinery from Govind Rs.5000

April 8, 2010 lent money to Ram @ 5% Rs.1000

April 15, 2010 withdrew cash for personal use Rs.200

April 16, 2010 bought goods from Ravi Rs.6000

April 20, 2010 sold goods for cash Rs.1000

April 25, 2010 paid cash to Govind Rs.1950

April 27, 2010 received discount Rs.50

April 28, 2010 received cash from Ravi Rs.500

4. Problem to display purchases book-

Prepare the purchases book of Mr. Prakash from the following details -

January 2, 2000 sold goods on credit to Venkat Rs.2000

January 8, 2000 purchased goods on credit from Shyam Rs.3800

January 10, 2000 Govind supplied the following goods on credit to Mr. Prakash:

a. Detergent cakes- Rs.850

b. Detergent powder- Rs.1200

c. Sandal soaps- Rs.780

January 15, 2000 purchased goods worth Rs.8600 less trade discount of Rs.600 from Chandra on

credit.

5. Problem to display sales book-

Prepare a sales book from the following information in the books of Mr. David of Bangalore-

January 10, 2006 sold goods to M/S Karishma & Co, Manipal Rs.10000- invoice no. 43965

January 18, 2006 sold goods to Mr. Sharma, Gulbarga Rs.15000- invoice no. 43966

January 20, 2006 sold goods to M/S Jacob, Bidar Rs.16000 and received cash immediately

Rs.10000- invoice no. 43967

January 25, 2006 sold goods to M/S SK Trading Co, Bangalore Rs.10000- invoice no. 43968

Ledger Folios-

M/S Karishma & Co – 196

Mr. Sharma – 186

M/S Jacob – 175

M/S SK Trading Co – 170

Sales – 270

Prepare the necessary ledger accounts also to show the ledger postings.

6. Problem to display the purchase returns book-

Enter the following transactions in the purchase returns book-

February 1, 1998 returned goods worth Rs.10000 to Divya & Co., Mysore

February 10, 1998 returned goods worth Rs.5000 to Poornima Enterprises, Bangalore

February 20, 1998 allowance claimed from Ravi Trading Corporation, Tumkur Rs.300

7. Problem to display sales returns book-

Enter the following transactions in the sales returns book and post them into ledger-

August 1, 2002 Ramesh & Co returned us goods worth Rs.10000

August 15, 2002 allowance granted to Kusum Stores Rs.500

August 18, 2002 allowance granted to Ravi traders Rs.1000

August 30, 2002 Suresh & Co returned goods to us worth Rs.500

8. Problem to display all subsidiary books-

Enter the following in subsidiary books and post them into the ledger-

January 1, 1992 bought goods from Das Rs.1000

January 2, 1992 sold goods to Sen Rs.400

January 3, 1992 sold goods to Ramesh Rs.250

January 5, 1992 bought goods from Suresh Rs.200

January 7, 1992 sold goods to A for cash Rs.300

January 8, 1992 received goods returned by Sen Rs.50

January 9, 1992 purchased goods from Shyam Rs.600

January 10, 1992 returned goods to Suresh Rs.100

January 11, 1992 sold goods to Roy Rs.800

January 12, 1992 Roy returned goods Rs.200

January 13, 1992 sold goods to Ram Rs.300

January 15, 1992 bought goods from Naresh Rs.650

January 17, 1992 returned goods to Naresh Rs.150

January 18, 1992 sold goods to Bhatnagar Rs750

January 20, 1992 bought goods from Katju Rs.850

January 21, 1992 purchased furniture from Vijay Steels Rs.1000

January 22, 1992 sold goods to Dhiren Rs.260

January 25, 1992 Bhatnagar returned goods Rs.200

January 29, 1992 Dhiren returned goods Rs.180

January 31, 1992 returned goods to Katju Rs.275

9. Problem to display Trading account, Profit & Loss A/C-

Journalize the following transactions in the books of ABC & Co. Display the trading, profit & loss

A/C.

Debit balances as on January 1, 2006-

Cash in hand Rs.8000

Cash @ bank Rs.25000

Stock of goods Rs.20000

Furniture Rs.2000

Building Rs.10000

Sundry Debtors- Vijay Rs.2000, Anil Rs.1000, Madhu Rs.2000

Credit balances as on January 1, 2006-

Sundry Creditors- Anand Rs.5000, Loan from Bablu Rs.10000

The following were further transactions in the month of January, 2006:

January 1, 2006 purchased goods worth Rs.5000 for cash less 20% trade discount and 5% cash

discount

January 4, 2006 received Rs.1980 from Vijay and allowed him Rs.20 as discount

January 6, 2006 purchased goods from Bharat Rs.5000

January 8, 2006 purchased plant from Mukesh for Rs.5000 and paid Rs.100 as cartage for bringing

the plant to the factory and another Rs.200 as installation charges

January 12, 2006 sold goods to Rahim on credit Rs.600

January 15, 2006 Rahim became insolvent and could pay only 50 paise in a rupee

January 18, 2006 sold goods to Ram for cash Rs.1000

January 20, 2006 paid salary to Ratan Rs.2000

January 21, 2006 paid Anand Rs.4800 in full settlement

January 26, 2006 interest received from Madhu Rs.200

January 28, 2006 paid to Bablu interest on loan Rs.500

January 31, 2006 sold goods for cash Rs.500

January 31, 2006 withdraw goods from business for personal use Rs.200

10. Problem to display Balance Sheet-

Prepare trading, profit & loss account and balance sheet from the following information-

On 1 January 1998, the following were the ledger balances of Rajan and Co.:

Cash in hand Rs.900, Cash @ bank Rs.21000, Soni (Cr.) Rs.3000, Zahir (Dr.) Rs.2400, stock

Rs.12000, Prasad (Cr.) Rs.6000

Transactions during the month were:

January 2, 1998 bought goods from Prasad Rs.2700

January 3, 1998 sold to Sharma Rs.3000

January 5, 1998 bought goods from Lall for cash paid by cheque Rs.3600

January 7, 1998 took goods for personal use Rs.200

January 13, 1998 received from Zahir in full settlement Rs.2350

January 17, 1998 paid to Soni in full settlement Rs.2920

January 29, 1998 paid to Prasad by cheque Rs.2650

January 30, 1998 provide interest on capital Rs.100

January 30, 1998 rent due to landlord Rs.200

PART B

TALLY LAB LIST - PART B

1. Creation of accounts in the name of Non-Trading Organizations including alteration, deletion and

shutdown of the company.

2. Creation of various accounting ledgers.

3. Creation of vouchers, entering transactions through various types of vouchers and configuration of

the following vouchers-

a. Purchase voucher

b. Sales voucher

c. Receipt voucher

d. Contra voucher

e. Payment voucher

f. Debit note

g. Credit note

4. Problem to record various accounting transactions and show under which group and vouchers the

following transactions can be updated. Write shortcuts also:

Commenced business with cash 10000

Deposit into bank 15000

Bought office furniture 3000

Sold goods for cash 2500

Purchased goods from Mr. X on credit 2000

Sold goods to Mr. Y on credit 3000

Received cash from Mr. Y 2000

Paid cash Mr. X 1000

Received commission 50

Received interest on bank deposit 100

Paid into bank 1000

Paid for advertisement 500

Purchased goods for cash 800

Sold goods for cash 1500

Paid salary 500

5. Problem to record various accounting transactions and show under which group and vouchers the

following transactions can be updated. Write shortcuts also:

Monu started a business with cash 300000

She opened a bank account with Canara Bank, Bangalore by depositing cash of 15000

Paid salary 10000

She issued a cheque and purchased furniture 10000, Air conditioner 20000, electrical fittings

15000

Paid wages 2500

Received commission 6000

Purchased goods from global travelers 30000

Sold goods to Sonu enterprises 45000

Paid by cheque rent 3000, salary 10000, telephone bill 4000

6. Problem to state groups for ledgers, vouchers for accounting entries:

Mr. Ram started business with 200000 and deposited into bank 40000

Paid for office building 50000 and furniture 10000

Purchased raw material of 10000 on credit from Mr. Avinash

Paid wages 2000

Paid salary 10000

Paid to Mr. Avinash 9500 in full settlement

Sold goods to Mr. Shekar 15000

Received interest on bank accounts 500

Received from Mr. Shekar 14500 in full settlement

Sold old newspapers 450

Purchased Machinery from Banu enterprises 100000

7. Problem to display purchases and purchase returns books:

April 1, 2016 purchased goods from Banu Priya trader’s ₹ 60000

April 4, 2016 bought goods from Bhoomika enterprises ₹ 70000

April 5, 2016 cash purchases ₹ 30000

April 12, 2016 bought from Ranjitha stores ₹ 100000

April 15, 2016 bought from Rajesh trader’s ₹ 180000

April 18, 2016 sent debit note to Bhoomika enterprises ₹ 5000

April 19, 2016 purchased from Gayathri ₹ 140000

April 20, 2016 returned goods to Banu Priya trader’s ₹ 10000

April 21, 2016 returned goods to Rajesh trader’s ₹ 5000

8. Problem to display the trial balance-

Journalize the following transactions, post them to the ledger and balance the accounts. Also draft

the trial balance as on 31 October 2002.

October 1, 2002 Guru Prasad commenced business with cash Rs.25000, Furniture Rs.25000 &

Buildings Rs.150000

October 3, 2002 sold goods to Raghu Rs.25000

October 8, 2002 bought goods from Mahesh Rs.50000

October 15, 2002 received from Raghu in settlement of his account

October 20, 2002 returned goods to Mahesh Rs.2500

October 24, 2002 paid Mahesh on account Rs.10000

October 26, 2002 bought goods from Suma for cash Rs.5000

October 27, 2002 sold goods for cash Rs.50000

October 30, 2002 paid salaries Rs.10000, paid rent Rs.5000

9. Problem to display profit and loss account:

Journalize the following transactions:

April 1, 2016, Mr. Sonu commenced business with cash Rs. 10000

April 3, 2016, Deposit into bank Rs. 15000

April 5, 2016, bought office furniture Rs. 3000

April 7, 2016, sold goods for cash Rs. 2500

April 9, 2016, Purchased goods from Ms. Monu on credit Rs. 2000

April 10, 2016, Sold goods to Mr. K on credit Rs. 3000

April 11, 2016, Received cash from Mr. K on credit Rs. 2000

April 13, 2016, Paid cash to Ms. Monu Rs.1000

April 15, 2016, Received commission Rs. 50

April 17, 2016, Received interest on bank deposit Rs. 100

April 18, 2016, Paid into Bank Rs. 1000

April 20, 2016, Paid for advertisement Rs. 500

April 22, 2016, Purchased goods for cash Rs. 800

April 25, 2016, Sold goods for cash Rs. 1500

April 30, 2016, Paid salary Rs. 500

10. Create various stock items of computer dealer