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    Sunrise Pvt. LTD

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    Yashi Gupta
    The document provides information about a financial accounting course assignment to create a company and record transactions for the 2017-2018 financial year in Tally. It includes details of the company, opening balance sheet as of March 31 2017, list of creditors and debtors, stock items and rates, and transactions to be recorded between May 2017 to March 2018. The assignment requires the student to create the company, groups and ledgers, enter the transactions in vouchers, and display/export the financial statements for the year ended March 31 2018.

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    Sunrise Pvt. LTD

    Uploaded by

    Yashi Gupta
    63 views1 page
    The document provides information about a financial accounting course assignment to create a company and record transactions for the 2017-2018 financial year in Tally. It includes details of the company, opening balance sheet as of March 31 2017, list of creditors and debtors, stock items and rates, and transactions to be recorded between May 2017 to March 2018. The assignment requires the student to create the company, groups and ledgers, enter the transactions in vouchers, and display/export the financial statements for the year ended March 31 2018.

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    Tally

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    Sunrise Pvt. Ltd

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    The document provides information about a financial accounting course assignment to create a company and record transactions for the 2017-2018 financial year in Tally. It includes details of the company, opening balance sheet as of March 31 2017, list of creditors and debtors, stock items and rates, and transactions to be recorded between May 2017 to March 2018. The assignment requires the student to create the company, groups and ledgers, enter the transactions in vouchers, and display/export the financial statements for the year ended March 31 2018.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    63 views1 page

    Sunrise Pvt. LTD

    Uploaded by

    Yashi Gupta
    The document provides information about a financial accounting course assignment to create a company and record transactions for the 2017-2018 financial year in Tally. It includes details of the company, opening balance sheet as of March 31 2017, list of creditors and debtors, stock items and rates, and transactions to be recorded between May 2017 to March 2018. The assignment requires the student to create the company, groups and ledgers, enter the transactions in vouchers, and display/export the financial statements for the year ended March 31 2018.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    BCom (H), Ist Semester

    Financial Accounting (Tally)

    Duration: Max Marks:


    The company details are as follows:
    1. NAME- Your Name (Class Roll No)
    2. ADDRESS: your address, your phone & mobile no., your email id.
    3. Email id :[email protected]
    4. Currency symbol: Rs
    Enter the following transactions and show reports.

    • Purchases and sales of goods, payments to creditors, and receipts from debtors are done through Union Bank
    • Any other payment and receipt are done through State Bank of India or Cash

    Balance sheet as on 31.03.2017

    Liabilities Amount (₹) Assets Amount (₹)


    Capital 4,75,000 Land and Buildings 4,00,000
    Reserves and Surplus 1,25,000 Furniture 25,000
    Secured loan 50,000 Investment 55,000
    Bills Payable 30,000 Machinery 50,000
    Debentures 75,000 Bills Receivable 25,000
    P/L account 2,00,000 Sundry Debtors 85,000
    Provision for doubtful debts 20,000 Union Bank 80,000
    Sundry Creditors 25,000 State Bank of India 75,000
    Outstanding Rent 15,000 Stock 1,46,500
    Outstanding Salary 20,000 Cash in hand 93,500
    10,35,000 10,35,000
    The list of creditors and debtors is given below:

    Creditors Amount (₹) Debtors Amount (₹)


    Piyush 10,000 Misha 25,000
    Rajesh 7,500 Sruti 30,000
    Preeti 7,500 Ankita 30,000
    The company deals in the following item:

    Stock Item Group Rate (₹) Qty Amount(₹)


    Titan raga Watch 2200.00 20 44,000
    Sonata Wall clock digital Wall clock 1500.00 30 45,000
    Mi Band 3 Smartwatch 2000.00 10 20,000
    Fastrack Watch 2500.00 15 37,500
    Record the following transactions during 2017-2018:

    Date Transactions
    2.5.2017 Purchases from Piyush goods of list price Rs.1,25,000 less 20 % trade discount and received 2 percent cash
    discount on payment of 40 % by cheque (Titan Raga watch, Qty. 50, Rate 2,500)
    3.6.2017 Purchases made by cheque -fastrack qty 10 for Rs.35,000
    4.7.2017 Goods purchased from Preeti (Mi Band 3, qty.15 for Rs 30,000)
    5.8.2017 Sales to Misha for cash (Sonata Wall Clock digital, Qty.20 for Rs.36,000)
    6.9.2017 Sales to Ankita Fastrack-Qty. 10 for Rs.30,000
    7.9.2017 Sales returns by Ankita qty 2
    8.11.2017 Interest received from Bank Rs.25,000
    9.12.2017 Received from Ankita Rs.22,000 in full settlement of her account (for transaction dated 6th and 7th Sept)
    10.01.2018 Received from Sruti by cheque Rs.28,000
    11.02.2018 Purchased Cooler for 3,000 and spent Rs.100 for its installation
    31.3.2018 Outstanding rent and salary paid in cheque
    31.03.2018 Depreciate Land & Building and furniture by 5 % p.a
    You are required to:
    1.Create a company as per the details given
    2. Create appropriate groups and ledgers
    3. Enter the transactions in the appropriate voucher type
    4. Display and export the financial statements for the year-end 2017-2018

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