Tally Journal Entries by elyah

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									Tally Assignment by Gurukul The Foundation

                                     Tally Journal Entries

Q.1. Journalize the following transactions:

2008
Apr    1        Ramesh started business with cash                    10000
       2        Paid into bank                                       7000
       3        Bought goods for cash                                5000
       4        Drew cash from bank for office use                   2000
       5        Sold to Krishna goods on credit                      1000
       13       Bought of shyam goods on credit                       500
       14       Received from Krishna                                 950
       20       Paid Shyam cash 480 and discount 20
       24       Cash sales for the month                             2500
       28       Paid rent                                            3500
       30       Paid salary                                          2000

Q.2. Journalize the following transactions:

2008
Apr     1       Started business with cash                           10000
        3       Paid into bank                                        4000
        4       Sold goods to Mohan                                  2200
        9       Goods returned by Mohan                              200
        10      Goods purchased from Shyam                           3150
        15      Goods returned to Shyam                              150
        18      Purchased goods from Ram on which he                 10000
                Allows 10% Trade discount
        23      Received a V.P.P. for                                1000
        23      Sent a peon to collect it who paid as cartage        25
        25      Paid interest on loan                                500

Q.3. Journalize the following transactions:

2008
Jan     1       Received cash from Ram                               5000
        2       Purchased goods for cash                             500
        6       Sold goods to Hari                                   200
        11      Paid to Ramavtar                                     400
        16      Receives from Hari                                   100
        20      Bought furniture from Rajesh                         200
        24      Paid rent                                            800
        25      Paid salary                                          1000

Q.4. Journalize the following transactions:

2008
Jan     1       Sohan started business with cash 50000 and goods worth 25000
        2       Purchased goods for cash                               8000
        5       Purchased goods from Mohan on credit                   6000
        7       Paid into bank                                         5000
        10      Purchased furniture                                    2000
        15      Sold goods for cash                                    7000
        20      Sold goods to Ram on credit                            5000
        22      Cash sales                                             3500


Tally Assignment by Gurukul The Foundation      1
Tally Assignment by Gurukul The Foundation
        26      Paid to Mohan on account                         3000
        27      Paid wages                                       300
        28      Paid salary                                      3600
        30      Paid rent                                        8000

Q.5. Journalize the following transactions:

2008
Jan     1       Ram commenced business with cash                 30000
        2       Paid into bank                                   21000
        3       Purchased goods                                  1500
        7       Drew cash from bank for office use               3000
        10      Sold goods to Hari on credit                     1000
        15      Purchased goods from Shyam                       1500
        20      Cash sales                                       3000
        25      Paid to Shyam 1475 and discount received 25
        30      Paid Rent                                        5000
        31      Paid salary                                      1500

Q.6. Journalize the following transactions:

2008
Apr     1       Ramesh started business with cash                20000
        2       Paid into bank                                   7000
        3       Bought goods for cash                            500
        4       Drew cash from bank for office use               1000
        13      Sold to Krishna goods                            1500
        20      Bought of Shyam goods on credit                  2500
        24      Received from Krishna                            1450
                Discount allowed                                 50
        28      Paid Shyam cash                                  2450
                Discount received                                50
        29      Cash sales for the month                         8000
        30      Paid rent                                        5000
        31      Paid salary                                      1800

Q.7. Journalize the following transactions:

2008
Feb     1       Suresh started business with cash
                And goods worth-
        2       Bought goods from Shyam Lal
        4       Purchased furniture from Sunil Stores for cash
        5       Sold goods for cash
        8       Purchased goods for cash
        10      Paid cartage
        14      Sold goods on credit to Mohan
        21      Withdrew money from business for private use
        22      Mohan returned goods
        25      Cash sales
        27      Paid Sundry expenses
        28      Paid office salary

Q.8. Journalize the following transactions:

2008


Tally Assignment by Gurukul The Foundation     2
Tally Assignment by Gurukul The Foundation
Jan     1       Rahul started business with cash                         25000

        2       Paid into bank                                           6000
        3       Bought goods from Mr. Singh and co.                      2000
        4       Purchased furniture                                      2000
        4       Purchased adding machine                         8000
        4       Purchased typewriter                             6000
                (Payment in all cases made by cheque)
        6       Paid for postage                                         35
        8       Sold goods for cahs                                      400
        9       Sold goods on credit to Sharda and co.           1000
        15      Paid to M/S S.Singh and co. and                          1950
                Discount allowed by them                                 50
        25      Received from Sharda and co. in full
                Settlement of amount due from them               975
        29      Paid for electric charges                        150
        30      Paid salary                                              1500
        31      Paid rent by cheque                                      2000
        31      Drew cash for private use                                2500

Q.9. Journalize the following transactions and make the ledgers & trial balance:

2008
Jan     1       Started business with cash                               80000
        1       Paid into bank                                   5000
        2       Bought stationery for cash                               50
        3       Bought goods for cash                            2100
        4       Bought postage stamps                            30
        5       Sold goods for cash                                      750
        6       Bought office furniture from Bannerjee Bros.     500
        11      Sold goods to Mahendra                           2000
        12      Received cheque from Mahendra                            2000
        14      Paid Bannerjee Bros. By cheque                   500
        16      Sold to Ramesh and co.                           500
        20      Bought goods from S.seth and Bros.               700
        23      Bought goods for cash from S.Narain and co.      225
        24      Sold goods to P.Prakash                          350
        26      Ramesh and co. paid on account                           250
        28      Paid S.Seth and Bros. By cheque in
                full settlement                                  685
        29      Paid salaries                                            2400
        31      Rent to due to S.Sharma but not yet paid 200

Q.10. Journalize the following transactions and make the ledgers & trial balance:

2008

Apr     1       Commenced business with cash                             25000
        2       Paid into bank                                           23500
        3       Bought goods from Ramesh & co,                           5400
        4       Sold goods to Rajesh                                     4800
        7       Bought goods from Ram Chand                              6450
        8       Paid wages in cash                                       80
        9       Sold goods to Mahesh Chand                               5350
        10      Received cheque from Rajesh                              4680
                (Discount allowed Rs120)


Tally Assignment by Gurukul The Foundation      3
Tally Assignment by Gurukul The Foundation
        11      Paid into bank                                           4680
        12      Paid to Ramesh & co.                                     5130
                (Discount received Rs270)
        13      Paid rent for three months up to march                   400
        14      Bought from C.Khare                                      7400
        15      Paid wages in cash                                       80
        16      Paid office expenses in cash                             70
        17      Sold to Jagdish                                          3200
        18      Sold goods to Rajesh                                     1600
        21      Sold goods to Mahesh Chand                               2500
        22      Payment received by cheque from Jagdish                  3200
        23      Paid wages                                               80
        23      Paid office expenses in cash                             50
        23      Paid Ram Chand by cheque (Discount Rs320)                6130
        24      Received cheque from Mahesh Chand                        5200
                (Discount Rs.150)
        27      Mahesh Chand Returned goods                              200
                (Not up to sample)
        28      Paid wages in cash                                       100
        29       Paid office expenses                                    140
        30      Paid salaries for the month                              4300
        31      Cash used at home                                        1000

Q.11.   Journalize the following transactions and make the ledgers & trial balance:


2008
Jan     1       Suresh paid into bank as capital                         6000
        2       He bought goods for cheque                               2400
        3       Sold to Mukand & co.                                     670
        4       Sold goods for cash                                      1090
        5       Paid sundry expenses in cash                             300
        6       Cash sent to bank                                        1500
        7       Received cheque from Mukand & co. and                    650
                Discount allowed                                         20
        8       Paid wages                                               100
        9       Paid for office furniture and fitting by cheque          500
        10      Bought goods from Ramesh and Bros                        1060
        11      Sold to mahendra                                         1870
        12      Returned goods to ramesh and bros                        150
        13      Sent cheque to Ramesh and bros in
                Full settlement                                          900
        14      Sold goods for cash                                      490
        15      Paid into bank                                           500
        16      Drew cash from office for personal use                   2000
        17      Bank charged interest                                    50
        22      Paid cash for stationery                                 60
        25      Bought goods from Mohan & co ltd.                        1000
        27      Received from Mahendra on account                        600
        30      banked (Cash sent to bank)                               2000

Q.12.   Journalize the following transactions and make the ledgers & trial balance:


2008
Jan     1       Started business with cash                               10000


Tally Assignment by Gurukul The Foundation      4
Tally Assignment by Gurukul The Foundation
        2       Deposited into bank                                      9000
        9       Purchased machinery for Rs.5000 from Jawahar and
                Gave him a cheque for the amount
        15      Paid installation charges of machinery                   100
        20      Purchased timber from Naveen at the list price of
                Rs.20000. he allowed trade discount 10%
        23      Sold furniture to Naresh at the list price of Rs.1000
                Allowed him 5% trade discount
        25      Furniture costing Rs.500 was used in furnishing the office
        28      Received a cheque from Naresh for Rs.930 in full
                Settlement and sent the cheque to bank
        29      Sent to Naveen in full settlement a cheque for Rs.1750
        31      Paid wages rs.350 and rent Rs.200

Q.13.   Journalize the following transactions and make the ledgers & trial balance:


2008
Jan     1       Ramesh had with from last year
                Rs.5000 worth of goods and cash                          10000
        2       Wages due to Laboures                                    180
        3       Insurance Premium due but not yet paid                   200
        4       Paid for charity                                         25
        10      Received a V.P.P. for Rs.680 sent a peon to take
                Delivery of it and he paid Rs.5 for cartage
        16      Paid Balkishan on account through bank                   700
        23      Received interest on loan from the debtor                45
        24      Roop Narain returned goods                               75
        25      Goods returned to Sohan Lal Sethi                        125
        26      Received rent from sub-tenant                            100
        27      Kamal narain who owed Rs.850 become insolvent,
                Received from the official receiver a first and final
                Composition of 50 p in rupees                            425
        28      Purchased a motor cycle for his son                      4000

Q.14. Guru Prashad commenced business on 1st April 2008 with cash Rs.15000 and goods
Rs.3000. His other transaction during the month were as follows journalize these transactions:

2008
Apr     2       purchased a truck for business use                       10000
        3       Purchased goods from Ramesh & co.                        4500
        4       Sold goods to Tara Chand                                 2300
        5       Purchased stationery                                     60
        6       Sold goods to Harish & co.                               1150
        7       Sold goods to AB & co.                                   800
        8       Paid to Rajesh and co.                                   5250
        8       Discount allowed by them                                 50
        9       Purchased goods from Vinay Sagar                         2950
        10      Paid cartage on above                                    10
        11      Returned goods to Vinay Sagar                            500
        12      Cash sales                                               8000
        14      Received from Harish and co in settlement                1130
        15      Received from cash from AB and co.                       700
                And received goods from them                             100
        19      Purchased goods from Anand and co.                       2980
        20      Sold goods to general traders                            2780


Tally Assignment by Gurukul The Foundation       5
Tally Assignment by Gurukul The Foundation
        21     Paid for diesel fir truck                                 100
        25     Paid accountant’s salary                                  15000
        27     Paid drivers salary                                       2500
        29     Paid rent                                                 3000
        30     Withdrew cash for private expenses                        1000




                                            Cash Book
                                     Single Column Cash Book

Q.1.    Enter the following transactions in a Simple Cash Book:

2008
Jan.    1      Cash in Hand                                              1200
        5      Received from Ram                                         300
        7      Paid rent                                                 30
        8      Sold goods                                                300
        10     Paid Shyam                                                700
        27     Purchased furniture                                       200
        31     Paid salaries                                             100

                                                               (Cash Balance 770)

Q.2.    Enter the following in Shri Shambunath’s Cash Book and show the balance:

2007
Oct.    1      Balance of cash in hand Rs.15000
        8      Purchases goods for cash from X Rs.3200
        15     Sold goods for Rs.4800 to Y
        20     Received commission Rs.650
        20     Paid commission Rs.550
        28     Paid to Shantaram on account Rs.7150
        31     Paid salary to the office clerk Rs.1000 and office rent Rs.600

                                                       (Cash Balance 3150)
Q.3.    Write-up a trader’s Single Column Cash Book for the month of April 2008, from the
following particulars:

April   1      Cash in Hand                                         2500
        2      Cash sales                                           26000
        3      Paid cheque to Creditors Rs.4990 after
               Deducting cash Discount                              310
        4      Wages paid in cash                                   2250
        4      Cash sales of Rs.1800 of which Rs.1500 was banked on April 7


Tally Assignment by Gurukul The Foundation     6
Tally Assignment by Gurukul The Foundation
        9      Paid cash to transport Corporation of India Rs.450 against their
               Bill No.265
        10     Cash Sales rs.15000 of which Rs.12000 was banked on April 16
        15     Paid wages in cash                                       2850
        17     Paid cleaner in cash                                     360
        19     Cash sales                                               11400
        20     Paid cash for Window cleaning                            180
        21     Purchased goods o credit from U & Co.                    1500
        24     Paid wages in cash                                       2400
        25     Paid cash for rates                                      3600
        26     Cash sales                                               19200
        29     Paid Electricity Bill in cash                            900
        30     Cash collected from Mahesh (Debtor) Rs.4500 after allowing discount of
               Rs.250
                                                            (Cash Balance 56610)

Q.4.    Enter the following transactions in a Single column Cash Book:

2008
April   1      Cash in Hand                                     5000
        2      Cash sales                                       10000
        4      Received from Pravin on account                  3000
        5      Purchased goods                                  6000
        7      Loan given to Mohan                              2000
        8      Sold goods to Sohan in cash                      8000
        11     Purchased furniture                              4000
        12     Purchased Postal Stamps                          500
        14     Sold goods to Ram on credit                      4500
        15     Salary paid to accountant                        500
        18     Purchased goods                                  2500
        19     Paid freight                                     200
        20     Withdrew for personal use                        1000
        22     Received commission                              2000
        24     Paid to Shyam                                    2500
        27     Received from Mohan                              2000
        29     Paid to Girish                                   1000
        30     Rent paid                                        800
                                                   (Cash Balance 9000)
Two-Column Cash Book (Cash Book with Cash and Bank Column)

Q.5.  Record the following transactions in a Double Column Cash Book with Cash and
Bank Column and balace the book on January 31, 2008:

2008
Jan     1      Cash balance                                           100
        1      Bank Balance                                           1450
        1      Cash received from sale of shares                      6000
        2      Paid into Bank                                         5000
        3      Purchased goods from M/S. Agarwalla for Rs.1200 and paid by cheque
        4      Paid wages                                             250
        5      Received from Mohan a cheque for rs.980 in full settlement of a claim of
               rs.1000
        8      Mohan’s cheque deposited into Bank
        14     Paid for stationery                                    150
        16     Bought goods                                           600
        19     Paid Shyam by cheque                           370


Tally Assignment by Gurukul The Foundation     7
Tally Assignment by Gurukul The Foundation
               Discount received from him                            30
       20      Drew from Bank                                        300
       23      Cash drawn from Bank for personal use          200
       24      Cash sales                                            170
       27      Received from Sharma                           1800
               Allowed him Discount                                  200
       28      Deposited cash into Bank                              1500
       29      Gave cheque for cash purchases                 200
       30      Paid rent by cheque                                   200

                                                       (Cash 870, Bank 6460)

Q.6.  Enter the following transactions of M/s. Premier Trading Company in cash Book with
Two Columns (Cash and Bank Columns). Balance the Cash Book as on 31st December 2007:

2007
Dec.   1       Cash in Hand                                          4000
       1       Bank overdraft                                        1000
       3       Received a cheque from Ram Lal on account Rs.290 and allowed him
               discount Rs.40
       7       Ram Lal’s cheque deposited into Bank
       11      Withdrew from the Bank for office use          800
       12      Paid B/P by cheque                                    600
       15      Cheque received from Chandulal of Rs.2400 and allowed him discount
               Rs.100
       20      Issued a cheque for petty cash                 100
       26      Paid to Gupta by cheque Rs.920 and discount received Rs.30
       28      Made cash sales                                900

                                      (Cash Balance 5700, Bank Balance –730)

Q.7.   Enter the following transactions in a Double-Column Cash Book.

2008
Jan    1       Chandrika commences business with cash                  20000
       2       He paid into bank current a/c                           19000
       3       He receives cheque from Kirti & Co.
               on account                                              600
       7       He pays into Bank Kirti & Co.’s cheque         600
       10      He pays Ratan & Co. by cheque and                       330
               allowed discount Rs.20
       13      Tripathi & co. pays into his Bank A/c                   475
       15      He receives cheque from Warsi and allows                450
               him discount                                            35
       20      He receives cash Rs.75 and cheque Rs.100 for cash sales
       25      He pays into Bank, including cheques received
               on 15th and 20th Jan                                    1000
       27      He pays cheque for cash purchases                       275
       30      He pays sundry expenses in cash                         50
       31      He pays John & co. in cash and                 375
               allowed discount Rs.35
       31      He pays office rent by cheque                  200
       31      He draws a cheque for personal use                      250
       31      He pays staff salaries by cheque               300
       31      He draw a cheque for office use                400
       31      He pays cash for stationery                             25


Tally Assignment by Gurukul The Foundation   8
Tally Assignment by Gurukul The Foundation
        31     He purchases goods for cash                               125
        31     He pays Jagpal by cheque for commission                   300
        32     He gives cheque to Ram Saran for cash
               purchase of furniture for Office               1575
        32     He receives cheque for commission from
               Raghubir & Co.                                            500
        31     He receives cheque from kesri & Co.            450

                                       (Cash Balance 900, Bank Balance 17945)

Q.8.    Compile a three column Cash Book from the following transactions:

2008
Jan     1      Cash in hand                                              567
        1      Cash at Bank                                              12675
        2      Deposited in Bank                                         500
        5      Received from A and allowed discount Rs.10 700
        7      Purchased Furniture for cash                              250
        8      Paid to B by cheque and                                   745
               received discount Rs.5
        14     Received from C by cheque and deposited
               into bank                                                 500
        15     Cash sales                                                785
        15     Deposited into Bank                                       1000
        17     Purchased a motor car and paid by cheque                  5240
        18     Paid by cheque to D and received discount Rs3 367
        19     Withdrew from Bank for office use                         250
        22     Purchased goods for cash                                  350
        25     Paid establishment expenses through bank                  450
        31     Paid rent in cash                                         50

                                              (Cash Balance 242, Bank Balance 7623)

Q.9     Compile a Bank Column Cash Book from the following transactions:

2008
June    1      Cash Balance                                              500
        1      Bank balance                                              1750
        5      Cash received from sale of shares                         5500
        6      Paid into Bank                                            5000
        7      Paid S.Bose by cheque                          1250
        9      Paid wages in cash                                        300
        19     Received from A. Mukherji by cheque and
               sent to bank                                              600
        21     Drawn from Bank                                           500
        29     Paid office salaries in cash                              400
        30     Sold goods for cash and banked the same                   800
        30     Paid rent by cheque                                       100
        30     Paid into Bank                                            750

                                              (Cash balance 50, Bank Balance 7050)

Q.10.   Enter the following transactions in a Double Column Cash Book:

        1)     Commened business with cash Rs.50000
        2)     Deposited in Bank Rs.4000


Tally Assignment by Gurukul The Foundation    9
Tally Assignment by Gurukul The Foundation
        3)     Received cash from Mohan Rs.950 in full settlement of a debt of Rs.1000
        4)     Boufht goods for cash Rs.10000
        5)     Bought goods by cheque Rs.15000
        6)     Sold goods for cheque for Rs.20000 and deposited in Bank on the same day
        7)     Paid to Arun by cheque Rs.1900 in full settlement of his account of Rs.2000
        8)     Drew from bank for office use Rs.1000

                                               (Cash 1950, Bank 42100)

Q.11.   prepare a Cash Book:

        1)     Started business with cash                              20000
        2)     Opened current account with the PNB             8000
        3)     Bought goods b cheque                           150
        4)     Received cheque from Rama                               2000
        5)     Sold goods for cash                                     40
        6)     Paid into Bank
                               Cash           Rs.30
                               Cheque Rs.200
        7)     Paid Shyam by cheque                            345
        8)     Paid carriage by cheque                         180
        9)     Drew from bank cash for office                  200
        10)    Paid wages by cheque                            60

                                               (Cash 12210, Bank 7295)




                                     Purchase Book
Q.1     The Rough Book of M/s Narain and Co. contains the following:
2008
Feb     1      Purchased from M/s. Brown & Co. on credit:
               5 gross pencils @ Rs. 100 per gross
               1 gross registers @ Rs. 200 per dozen
               Less: Trade Discount @ 10%
Feb   2        Purchased for cash from the stationery Mart:
               10 gross exercise books @ Rs.60 per sozen
Feb   3        Purchased computer printer for office use from M/s office Goods
               Co. on credit for Rs.4,000
Feb   4        Purchased on credit from The Paper Co.:
               5 reams of white paper @ Rs.100 per ream
               10 reams of ruled paper @ Rs.65 per ream
               Less: Trade Discount @ 10%
Feb   5        Purchased one dozen ink-pots @ Rs.10 each from M/s Verma
               Bros. on credit.
Make out the Purchases Book of M/s. Narain & Co.


Tally Assignment by Gurukul The Foundation   10
Tally Assignment by Gurukul The Foundation
                                                                (answer 3765)
Q.2.    Enter the following transactions in Purchases Book of M/s. R.K. Brothers and pass
the Journal entry:
2008
April 1          Purchased goods from Joshi Brothers on credit
                 10 Philips tubelights @ Rs.40 each, paid VAT @ 10%
                 50 Crompton bulbs @ Rs.10 each, paid VAT @ 10%

April   10      Purchased goods from Rajesh Electric Store
                25 heaters @ Rs.160 each, paid VAT @ 10%
                15 Sunny fans @ Rs.600 each, 10% trade discount, paid VAT @ 10%

April   16      Purchased goods from Sardar Electric Store
                5 dozen Philips bulbs @ Rs.10 each, paid VAT @ 10%
                20 power plugs @ Rs.25 each, paid VAT @ 10%
                The trade discount is 10% and freight charges are Rs.75
                                                                (Answer 15024)




Tally Assignment by Gurukul The Foundation    11

								
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