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    GST Tally Q

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    babitasingh.ys
    The document provides details of a company including transactions to be recorded in Tally. It includes: 1) Company details like name, address, GSTIN number and bank accounts 2) Opening stock balances and inventory items 3) Debtor and creditor balances 4) 15 transactions to be recorded in Tally including purchases, sales, payments, receipts and journal entries 5) Requirements to create folders, ledger accounts, enter transactions and export statements.

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    GST Tally Q

    Uploaded by

    babitasingh.ys
    971 views3 pages
    The document provides details of a company including transactions to be recorded in Tally. It includes: 1) Company details like name, address, GSTIN number and bank accounts 2) Opening stock balances and inventory items 3) Debtor and creditor balances 4) 15 transactions to be recorded in Tally including purchases, sales, payments, receipts and journal entries 5) Requirements to create folders, ledger accounts, enter transactions and export statements.

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    The document provides details of a company including transactions to be recorded in Tally. It includes: 1) Company details like name, address, GSTIN number and bank accounts 2) Opening stock balances and inventory items 3) Debtor and creditor balances 4) 15 transactions to be recorded in Tally including purchases, sales, payments, receipts and journal entries 5) Requirements to create folders, ledger accounts, enter transactions and export statements.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    971 views3 pages

    GST Tally Q

    Uploaded by

    babitasingh.ys
    The document provides details of a company including transactions to be recorded in Tally. It includes: 1) Company details like name, address, GSTIN number and bank accounts 2) Opening stock balances and inventory items 3) Debtor and creditor balances 4) 15 transactions to be recorded in Tally including purchases, sales, payments, receipts and journal entries 5) Requirements to create folders, ledger accounts, enter transactions and export statements.

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    B.COM.

    (H) I Semester – MOCK EXAM: 2023

    Part C: Computerized Accounting System

    Duration: 1 hour Max. Marks: 20

    University Roll No: .

    Name of the Student:

    The company details are as follows;

    i. Name- University Roll No

    ii. Address: Your Address, Your Phone & Mobile No., Your Email ID

    iii. Email Id: yourname@gmail.com

    iv. Currency Symbol: Rs.

    Enter the following transactions of the Company in Tally and show various reports

    The business is a registered organization for GST with an office in Delhi.

    GSTIN : 07DUUPK9284D7Z5

    All purchase and sales transactions of goods, Payment to creditors, and receipt from debtors are
    done through BOB Bank

    Any other payment and receipt is done through AXIS Bank

    Skip date while passing voucher entries.

    Balance Sheet as at 31-3-2022


    Liabilities Amount Assets Amount
    Capital 2100000 Land 800000
    Reserves 750000 Machinery 430000
    Profit and Loss Account 380000 Investment 200000
    Debentures 800000 Stock 2038750
    Loan from Promoters 250000 Debtors 227000
    Provision for tax 300000 Bills Receivables 70000
    Bills Payable 620150 BOB Bank 900000
    Sundry Creditors 175600 AXIS Bank 750000
    Salaries outstanding 45000 Cash in Hand 35000
    Rent Outstanding 30000
    Total 5450750 Total 5450750
     The company deals in the following stocks:
    Name of the Items Group GST Rate Quantity Rate (Rs) Opening Stock
    (%) Value
    Cotton Shirt Shirt 650 pcs. 1100 715000
    Woolen Shirt Shirt 12 550 pcs. 1275 701250
    Terrycot Shirt Shirt 150 pcs. 2100 315000
    Cotton Trouser Trouser 250 pcs. 850 212500
    Woolen Trouser Trouser 12 100 pcs. 450 45000
    Terrycot Trouser Trouser 100 pcs. 500 50000
    Total 2038750

     The list of company debtors and creditors is as follows:


    Debtors Balance Creditors Balance
    Due payable
    ZARA 79000 SARA 35000
    Ram 62000 PALAK 20500
    RADHA 45000 ANKITA 65500
    SHYAM 41000 JOY 54600
    Total 227000 Total 175600

    Record the following transactions

    S.No. Transaction Item Quantity Amount


    1 Purchase from SARA. She is a registered supplier Terrycot 150 90000
    from Goa. GSTIN: 30GGGGG1314R6Z1 Trouser
    2 Sale to ZARA. She is a registered supplier from Woolen 60 336000
    Delhi. GSTIN: 07DUUPK9284D5Z1 Trouser
    3 Sale to RADHA. She is a registered supplier Woolen Shirt 100 400000
    fromDelhi. GSTIN: 07DUUPK9284D5Z2
    4 Paid money to SARA in full settlement for the transaction at sr. no. 1 above 86000
    5 Received from ZARA Rs 332000 in full settlement for their current transaction at sr.
    no. 2 above
    6 Paid to ANKITA in Full Settlement 62500
    7 Purchase from PALAK. She is a registered Terrycot Shirt 100 160000
    supplierfrom Goa. GSTIN:
    30GGGGG1314R6Z2
    8 Purchase from SARA. She is a registered supplier Woolen 110 77000
    from Goa. GSTIN: 30GGGGG1314R6Z1 Trouser
    9 Sale to Ram (Trade discount 10% on listprice). Cotton Shirt 110 pcs. List Price Rs.
    He is a registered supplier from Delhi. 2500/- each
    GSTIN: 07DUUPK9284D5Z3
    10 Purchased Machinery at the beginning of the year 70000
    11 Purchased Land from MN Ltd for Rs. 11, 00,000. to pay this the company borrowed from
    bank a loan of Rs. 6,00,000 and issued fully paid unsecured debenture of Rs. 5,00,000 to XY
    Ltd.
    12 Sold all the investment 250000
    13 Expenses Paid during the year
    1. Outstanding Salaries 15000
    2. Rent (Including outstanding) 45000
    3. Tax of last year 250000
    14 Outstanding to be maintained as on last day
    1. Total Salaries 35000
    2. Total Rent outstanding 10000
    3. Total Provision for Tax 100000

    15 Charge Depreciation on Machinery @ 30% p.a.

    You are required to:-

    1. Create a Folder on desktop with your Exam Roll No.

    2. Create a company as per details given above

    3. Create appropriate groups and Ledger Accounts.

    4. Enter the transactions as given selecting appropriate voucher type.

    5. Export the following statements as on 31st March 2023 in PDF format and save it in a Folder.

    Day Book

    Balance Sheet

    Profit and Loss Account

    GST Report (GSTR- 3B)

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