Paper-1.2 Part C: Computerized Accounts Duration: 1 hour Max. Marks: 20 University Roll No: ___________________________. Name of the Student: ___________________________ Marks Obtained: The company details are as follows; Signature i. Name- ExamAXXXX ii. Address: Your Address, Your Phone & Mobile No., Your Email ID iii. Income tax number: ITSA89-2007 iv. Email Id: admin@airwalk.ne.jp v. Currency Symbol: Rs. Enter the following transactions of the Company in Tally and show various reports All purchase and sales transactions of goods, Payment to creditors, and receipt from debtors are done through State Bank of India Any other payment and receipt is done through Punjab National Bank or cash Balance Sheet as at 31-3-2014 Liabilities Amount Assets Amount Capital 1500000 Land and Buildings 500000 Reserves 500000 Plant and Machinery 500000 Profit and Loss Account 300000 Furniture 300000 Secured loan 500000 Investment 80000 Debentures 500000 Stock 1729800 Loan from Promoters 500000 Debtors 262000 Provision for tax 250000 Bills Receivables 50000 Bills Payable 100000 Punjab National Bank 800000 Sundry Creditors 224600 State Bank of India 220000 Salaries outstanding 35000 Cash in Hand 20000 Rent outstanding 60000 Prepaid insurance 7800 4469600 4469600 The company deals in the following stocks: Name of the Items Group Quantity Rate (Rs) Opening Stock Value Cotton Shirts 100 pcs. 650 65000 Woollen Shirts 125 pcs. 1000 125000 Teri cot Shirts 108 pcs. 600 64800 Denim Trousers 400 pcs. 1575 630000 Woollen Trousers 100 pcs. 2200 220000 Cotton Trousers 500 pcs. 1250 625000 Total 1729800 The list of company debtors and creditors is as follows: Debtors Balance Due Creditors Balance payable Pooja 45000 Shalu 25000 Prerna 89000 Sangeeta 30500 Pawan 52000 Sapna 67500 Pankaj 30000 Sandeep 42600 Prakash 46000 Siddharth 59000 Total 262000 Total 224600 Set -4 Record the following transactions that took place during the April to September 2014.
S.No. Transaction Item Quantity Amount
1 Purchase from Shalu Cotton Shirts 200 70000 2 Sale to Prerna Woollen Shirts 125 540000 3 Sale to Pankaj Denim trousers 100 550000 4 Paid money to Shalu in full settlement for the 68000 transaction at sr. no. 1 above 5 Received from Prerna and Pankaj Rs 535000 each in full settlement for their current transaction at sr. no. 2 & 3 above 6 Paid to Sapna 10000 7 Purchase from Sangeeta Woollen Shirts 150 160000 8 Purchase from Sapna Cotton Shirts 180 200000 9 Sale to Pooja (Trade discount 10% on list Teri cot shirt 100 shirts. List Price price) Rs. 2500/- each 10 Purchased furniture 25000 11 Paid insurance Premium 15600 12 Purchased Land and Building from XY Ltd for Rs. 10,00,000. to pay this the company borrowed from bank a loan of Rs. 4,00,000 and issued fully paid debenture of Rs. 6,00,000 to XY Ltd. 13 Sold all the investment 5,00,000 14 Paid 1. Outstanding Salaries 20000 2. Electricity 10000 3. Telephone 5000 4. Current Salaries 50000 5. Rent (including outstanding) 70000 6. Tax of last year 230000 15 Outstanding 1. Total Salaries 50000 2. Total Provision for Tax 240000 3. Total rent outstanding 90000 1. Charge Depreciation for the period 1/4/2014 to 30/9/2014 on furniture @20% p.a. and Machinery @ 10% p.a. You are required to:- 1. Create a company as per details given above 2. Create appropriate groups and Ledger Accounts. 3. Enter the transactions as given selecting appropriate voucher type. 4. Display the following statements a. Trial Balance as on 30/9/2014 b. Profit and Loss Account as on 30/9/2014 c. Balance Sheet as on 30/9/2014 d. Cash Book e. Ratio Analysis