Assignment On Session - 1: General Ledger's Name Group Op. Bal. Dr. / CR

Assignment on Session -1
General Ledger’s Name Group Op. Bal. Dr. / Cr

Capital Capital Account 6,25,000 Cr.
General Reserve Reserves & Surplus 55,000 Cr.
Capital Reserve Reserves & Surplus 45,000 Cr.
Profit & Loss Account Primary 65,000 Cr.
O/D at SBI (A/c no: 21887) Bank O/D A/c 35,000 Cr.
Loan from HDFC Secured Loan 50,000 Cr.
Loan from Bajaj Finance Unsecured Loan 35,000 Cr.
M/s Genlite Sundry Creditors 40,000 Cr.
Subham & Sons Sundry Creditors 35,000 Cr.
Shakti India Sundry Creditors 25,000 Cr.
Pre-received commission Current Liabilities 5,500 Cr.
Outstanding Am Charges Outstanding Exps. (Current Liability) 6,000 Cr.
Building* Fixed Assets 2,00,000 Dr.
Machinery* Fixed Assets 1,50,000 Dr.
Debentures at ABM AMRO Investments 55,000 Dr.
Modern traders Sundry debtors 30,000 Dr.
Bearing & Spares Sundry debtors 25,000 Dr.
Agarwal& co Sundry debtors 45,000 Dr.
Cash Cash-in-Hand 60,000 Dr.
SBI (A/c no: 22574) Bank Accounts 3,25,000 Dr.
Prepaid Rent Other Current Asset (Current Asset 6,500 Dr.
Date Name Credit Days Amount Dr/Cr

MsGenlite
31-0-2018 Pur/G/101 30 22,000 Cr.
01-02-2018 Pur/G/155 30 18,000 Cr.
Subham & Sons
02-11-2018 Pur/SS/5601 30 20,000 Cr.
01-12-2018 Pur/SS/5694 30 15,000 Cr.
Shakti India
02-10-2018 Pur/SI/170 30 15,500 Cr.0
01-11-2018 Pur/SI/274 30 9,500 Cr.
Debtor’s Bill Details:

Modern Traders
01-11-2018 Sal/MT/101 30 18,000 Dr.
01-02-2018 Sal/Mt/155 30 12,000 Dr.
Bearing & Spares
02-09-2018 Sal/B&S/5601 30 20,000 Dr.
01-10-2018 Sal/B&S/5694 30 5,000 Dr.
Agarwal& Co.
02-10-2018 Sal/AGC/170 30 25,000 Dr.
31-03-2018 Sal/AGC/274 30 20,000 Dr.
Display Reports:
Display Opening Trial Balance:
Gateway of Tally (GOT) -> Display -> Trial Balance
Note: Press F12 to configuration the Trial Balance to show only Opening Balance, say ‘yes’ for Show Opening Balances
option.
Display Balance Sheet (as on 01/04/2018)
GOT -> Balance Sheet
Note: Press Alt + F1 to get detail view of the report.
Display Outstanding Bill wise details of Debtors/ Creditors:
GOT -> Display -> Statements of Accounts -> Outstanding -> Receivables/ Payables
ANSWER Balance Sheet total = 10, 21,500; Diff. In Opening Balances = 1, 25,000;
Receivables Amt = 1, 00,000; Payables Amt = 1, 00,000
Assignment on Session 2
Open Your Company and Pass the Following Entries
a) Open a new a/c in UTI bank by depositing RS. 25,000/- as on 01/04/2018.
b) Transfer Rs. 1,000/- from main cash to petty cash for meet the daily expenses as on 01/02/2018.
c) Open a Bank Account in central Bank Hanuman Nagar and deposit cash Rs.5,000/- as on 1/06/2018
d) Outstanding Amc charges clear through cash as on 01/04/2018.
e) Paid Rs.25,000/- to M/S Genlite through Cheque of SBI (Chq No:500125) as on 01/04/2018. Adjust
the full amount of 1st bill (Pur/G/101) and rest of the amount from 2nd bill (Pur/G/155).
f) Paid Rs.24,500/- to Shakti India through Cheque of SBI (Chq No:500126) as on 02/04/2018 against
their two bills and rest of the amount treated as discount received.
g) Deposited into Indian bank Rs.55000/-
h) Received cash Rs.10,000/- from Modern traders as on 02/04/2018 against bill no. Sal/MT/101.
i) Received a Chequeof ICICI bank worth Rs. 24,500/-ch no. 721091 from Bearing & spares against
their two bills, deposited into UTI bank as on 02/04/2018 and rest of the amount treated as discount
allowed.
j) Paid Electricity charge to cash Rs.250/- as on 1/05/2018.
k) Cheque deposited in to Bank Rs.25,000/-.dated 2/4/2018.
l) Modern Traders clear 90% of their total outstanding through cash dated 02/04/2018 and rest of the
amount treated as bad debt.
m) Paid Mobile Recharge in cash 150. As on date 1/5/2018
n) Received cash from Ram Rs.12446/-. Allowed him discount Rs.254/-
o) Purchase goods worth Rs.20,000/- from Raman Ref No. Asst/01 dated as on 1/4/2018.
p) Rs. 550/- paid in cash for General Expenses dated as on 02/04/2018.
q) Purchase Furniture worth Rs. 15000/- from style spa. Ref No. Asst/2 dated as on 01/04/2018.
r) Received interest on debentures Rs. 6500/- through Cheque of Abn-amro (ch. No. 854721) dated
02/04/2018 & deposited into SBI.
s) Paid Other Expenses to cash Rs.200 dated as on 3/03/2018.
t) Paid Wages Rs.1800/- as on date 2/4/2018.
u) Received commission in cash Rs. 45000/- from various sources dated as on 02/04/2018.
v) Cash withdraw from SBI Rs.15000/- date as on 1/6/2018.
w) Cash deposited into UBI Rs.20000/- dated on 2/7/2018.
x) Purchased furniture from Raj & Raj Rs.18000/-as on 2/4/2017.Bill n0.Raj/008/98
Pass the following entries with Cost Categories / Cost Center.
Cost Category: - Branch, Telephone, and Employee
Cost Center: - Kolkata, Delhi, Mumbai & Chennai (under Branch), 2231-8541 & 2251-7423 (under
Telephone), Mr. Chopra & Mr. Dey (under Employee).
a) Salary paid Rs. 5,000/- cash for Mr. Chopra of Kolkata branch dated as on 01/07/2018.
b) Paid Telephone bill Rs. 6500/- (Rs. 4500 for 2231-8541 & Rs. 2000 for 2251-7423) through a
Cheque of SBI (Chq No: 500127) as on 02/07/2018
c) Paid Rs. 550/- in cash to Mr. Dey as Incentive dated as on 02/07/2018.
d) Salary paid Rs. 8,000/- cash for Mr. Dey of Delhi branch dated as on 01/08/2018.
e) Advertisement expenses worth Rs. 20,000/- paid through a Cheque of SBI (Chq No: 500128) as in
02/07/2018. You have to pre-allocate the amount 28% for Kolkata, 32% for Delhi, 25% for
Mumbai & 15% Chennai branch. (Using the feature from F11 (Accounting Features) : - Pre define
Cost center allocation during entry).
ASSIGNMENT ON SESSION 3
Create the following Godowns with the following details.
Godown Name Address Under
Behala A-11/1 Main Road Sec-91 Faridabad Haryana 121013 Primary
Sealdah B-5/2, Main Road Sec-37 Faridabad Haryana-121003 Primary
Stock Group : Soap, Perfume

Stock Category : Bar,Liquid, Body Spray and Deodorant.
Unit of Measurement : Pcs & Bottle
Stock Items:
Stock Group:- Soap
Stock Details Opening Balance
Item Category U.O.M Quantity Rate Amount
Total Locations
Behala Sealdah
Lux Bar Pcs 550 400 150 18.00 9,900
Premium Bar Pcs 325 200 125 22.00 7,150
Dettol Liquid Bottle 754 454 300 50.00 37,700
Ami Liquid Bottle 750 400 350 30.00 22,500
Stock Group :- Perfume
Stock Details Opening Balance
Item Category U.O.M Quantity Rate Amount
Total Locations
Behala Sealdah
Jovan Musk Body Spray Pcs 250 125 125 125.00 31,250
Denim Deodrant Pcs 300 225 75 55.00 16,500
1. Company placed a Purchase Order on 01/07/2018 (Order no: ORD/SS/17-18/100) to Subham & Sons for the
following items, which can be delivered at any Godown.
Lux Soap – 100 pcs @ 18/- Premium Soap – 200 pcs @ 22/-
2. Goods received at Sealdah Godown on 01/07/2018 against the Order no. (ORD/SS/17-18/100) from Subham &
Sons (Challan no: CH/SS/17-18/100)
3. Received the purchase bill (PUR/SS/17-18/100) on 02/07/2018 from Subham & Sons against the (Challan no:
CH/SS/17-18/100).
4. Company placed another Purchase order on 02/07/2018 (Order no: ORD/G/17-18/101) to M/S Genlite for the
following items, which can be delivered at any Godown.
Dettol – 50 bottles @ 50/-
Ami – 50 bottles @ 30/-
5. Goods received at Sealdah Godown on 02/07/2018 against the (Order no. ORD/G/17-18/101) from M/S Genlite
(Challan no: CH/G/17-18/101).
6. Received the Purchase bill (PUR/G/17-18/101) on 02/07/2018 from M/S Genlite against the (Challan no:
CH/G/17-18/101).
7. Company Received an order (Order no: ORD/RB/17-18/500) on 02/07/2018 from Rakesh Brothers for the
following items, which can be dispatched from any Godown.
Lux Soap – 50 pcs@19/- Dettol – 50 Bottles@52/- Denim -25 pcs @58/-
8. According to the order (ORD/RB/17-18/500) goods have been delivered on 02/07/2018 from Sealdah Godown
to Rakesh Brothers with (Challan no: CH/RB/17-18/500).
9. Sale bill (Bill no: Sale/RB/17-18/1) has made on 02/07/2018 and sent to Rakesh Brothers against the (Challan
no: CH/RB/17-18/1).
10. Company place a purchased order on any date (ord. No. ord/me/17-18/200. To Mukesh Enterprises for the
following item any godown.
Dettol – 50 bottles @ 50/- Ami – 50 bottles @ 30/-
11. Goods received at Sealdah Godown on 01/07/2018 against the Order no. (ORD/Me/17-18/200) from Mukesh
enterprises (Challan no: CH/me/17-18/200)
12. Received the purchase bill (PUR/Me/17-18/200) on 02/07/2018 from Mukesh enterprises against the (Challan
no: CH/me/17-18/200).
13. Company Received an order (Order no: ORD/MA/17-18/600) on 02/07/2018 from Milind Agency for the
following items, which can be dispatched from any Godown.
14. According to the order (ORD/Ma/17-18/500) goods have been delivered on 02/07/2018 from Sealdah Godown
to Milind Agency with (Challan no: CH/MA/17-18/600).
15. Sale bill (Bill no: Sale/MA/17-18/2) has made on 02/07/2018 and sent to Milind Agency against the (Challan
no: CH/MA/17-18/2).
16. Company Received an order (Order no: ORD/M/17-18/330) on 02/07/2018 from Maya & co. for the following
items, which can be dispatched from any Godown.
17. According to the order (ORD/M/17-18/500) goods have been delivered on 02/07/2018 from Sealdah Godown to
Maya & co. with (Challan no: CH/M/17-18/330).
18. Sale bill (Bill no: Sale/M/17-18/2) has made on 02/07/2018 and sent to Maya & co. against the (Challan no:
CH/N/17-18/2).
19. Company placed a Purchase Order on 01/07/2018 (Order no: ORD/SS/17-18/130) to Priyanka Enetrprises for
the following items, which can be delivered at any Godown.
20. Goods received at Sealdah Godown on 01/07/2018 against the Order no. (ORD/SS/17-18/130) from Priyanka
Enterprises (Challan no: CH/SS/17-18/130)
21. Received the purchase bill (PUR/SS/17-18/130) on 02/07/2018 from Priyanka Enterprises against the (Challan
no: CH/SS/17-18/130).
22.
23. Cash sales (Bills no: Sale/Cash/17-18/1) Made including trade discount @ 1% on 02/07/2018 with the
following items from Sealdah Godowns.
Jovan musk – 25pcs @140/- Ami – 50 bottles @ 35/-
24. Cash sales (Bills no: Sale/Cash/17-18/2) Made including trade discount @ 2.5% on 02/07/2018 with the
following items from Sealdah Godowns.
Jovan musk – 25pcs @140/- Ami – 50 bottles @ 35/-
GST
GST is an Indirect Tax which has replaced many Indirect Taxes in India. The Goods and Service Tax Act was
passed in the Parliament on 29th March 2017. The Act came into effect on 1st July 2017
In simple words, Goods and Service Tax (GST) is an indirect tax levied on the supply of goods and services. This
law has replaced many indirect tax laws that previously existed in India.
There are three types of GST i) CGST (Central Good & Service Tax) ii) SGST (State Good & Service Tax) iii)
IGST (Integrated Goods & Service Tax).
Company started their business with two new items:

Ponds cream 2. Lotus cream
1. Company Purchase the following items with 28% GST from Mathur Enterprise & stored at
Behala Godowns. dated as on 01/07/2018. 50pcs Ponds cream @ 35/-, 50pcs Lotus cream @
75/- (Bill no: PUR/ME/17-18/901)
2. Company Purchase the following items with 28% GST from Sital Stores (Rajasthan)& Stored at
Behala Godown. dated as on 01/08/2018. 25pcs Ponds cream @ 35/-, 25pcs Lotus cream @ 75/-
(Bill no: PUR/SS/17-18/051)
3. Company sold the following items with 28% GST to Mr. Bhargav from Behala Godown dated
as on 02/08/2018. 50pcs Ponds cream @ 45/-, 50pcs Lotus cream @ 90/- (Bill no: SALE/B/17-
18/1) Credit days : - 30
4. Company sold 25pcs ponds cream @ 45/-, 25pcs Lotus cream @ 90/- with GST 28% to
Mumbai Stores(Maharashtra) of Bandra From Behala Godownas on 02/08/2018.(Sale/MS/17-
18/021)
5. Company purchased a Packing Machine for stock department having total cost of Rs.54,000/-
with GST @ 9% from Western Logica on 02/08/2018. (Purchase bill no: PUR/ASST/WL/17-
18/100).
6. Company Purchase the following items with 28% GST from Vipro& Co. & Stored at Behala
Godown. dated as on 01/08/2018. 40pcs Ponds cream @ 35/-, 40pcs Lotus cream @ 75/- (Bill
no: PUR/VC/17-18/051)
7. Company Purchase the following items with 28% GST from Damni Stored (Delhi) & Stored at
BehalaGodown. dated as on 01/08/2018. 40pcs Ponds cream @ 35/-, 40pcs Lotus cream @ 75/-
(Bill no: PUR/DS/17-18/051)
8. Company sold 40pcs ponds cream @ 45/-, 40pcs Lotus cream @ 90/- with GST 28% to Sharma
& Co. From BehalaGodown as on 02/08/2018. (Sale/S/17-18/021)
9. Company sold 40pcs ponds cream @ 45/-, 40pcs Lotus cream @ 90/- with GST 28% to Kamla
Enterprises (Delhi) From Behala Godown as on 02/08/2018. (Sale/K/17-18/021).
10.Purchase 20pcs of Ponds cream @ 35/- & 20pcs of Lotus cream @ 75/- from X Ltd.
unregistered dealer) with GST Rate 28% (Purchase bill no: PUR/X/17-18/891 dated as on
01/09/2018 & stored in Behala Godown.
11.Company sold 30pcs ponds cream @ 45/-, 30pcs Lotus cream @ 90/- with GST 28% to Robin
Enterprises (Delhi) From Behala Godown as on 02/08/2018. (Sale/RE/17-18/089)
12.Company sold 25pcs ponds cream @ 45/-, 25pcs Lotus cream @ 90/- with GST 28% to Suman
Enterprises From Behala Godown as on 02/08/2018. (Sale/SE/17-18/021)
13.Company Purchase the following items with 28% GST from Mona & Mona (Punjab) & stored
at Behala Godowns. dated as on 01/07/2018. 30pcs Ponds cream @ 35/-, 30pcs Lotus cream @
75/- (Bill no: PUR/MM/17-18/888)
14.Company Purchase the following items with 28% GST from Shukla & Shukla & stored at
Behala Godowns. dated as on 01/07/2018. 25pcs Ponds cream @ 35/-, 25pcs Lotus cream @
75/- (Bill no: PUR/SS/17-18/777)
15. Company sold 45pcs ponds cream @ 45/-, 45pcs Lotus cream @ 90/- with GST 28% to Kisan
Traders (Gujarat) From Behala Godown as on 02/08/2018. (Sale/KT/17-18/098).
16.Company sold 30pcs ponds cream @ 45/-, 30pcs Lotus cream @ 90/- with GST 28% to Ahuja
& Ahuja Co. From Behala Godown as on 02/08/2018. (Sale/AA/17-18/0345).
17. Company Purchase the following items with 28% GST from Sikha Enterprises
(Maharashtra)& Stored at Behala Godown. dated as on 01/08/2018. 25pcs Ponds cream @ 35/-,
25pcs Lotus cream @ 75/- (Bill no: PUR/SS/17-18/067)
18.Company Purchase the following items with 28% GST from Kiran & Co. Stored at Behala
Godown. dated as on 01/08/2018. 25pcs Ponds cream @ 35/-, 25pcs Lotus cream @ 75/- (Bill
no: PUR/SS/17-18/051)
19.Company purchased a Coffee Machine for stock department having total cost of Rs.65,000/-
with GST @ 9% from Sitla Traders on 02/08/2018. (Purchase bill no: PUR/ASST/ST/17-
18/105).
20.GST return was filed on 02/09/2018. After adjusting input/output GST.

1. Company purchase the following items with 28% GST from Mathur Enterprise dated as on
02/09/2018 & stored at Behala Godown 60pcs Ponds cream @ 35/-, 60pcs Lotus cream @
75/- ( Bill no: PUR/ME/17-18/202).
2. Company return (debit note no: dn/1)10pcs Ponds cream @35/-, 10pcs Lotus cream @ 75/-
against bill no: PUR/ME/17-18/202 to Mathur Enterprise due to interior quality from Behala
Godown dated as on 01/10/2018.
3. Company purchase the following items with 28% GST from Vipro& Co. dated as on
75/- ( Bill no: PUR/VC/17-18/209).
4. Company return (debit note no: dn/2)10pcs Ponds cream @35/-, 10pcs Lotus cream @ 75/-
against bill no: PUR/VC/17-18/209) to Vipro& co. due to interior quality from
BehalaGodown dated as on 01/10/2018.
5. Company sold 25pcs Ponds cream @ 45/-, 25pcs Lotus cream @ 90/- (Bill no: Sale/B/17-
18/075) with 28% GST to Mr. Bhargav from Behala Godown dated as on 01/10/2018.
6. Company sends a debit note of Rs.260/- to Mr. Bhargav on 01/10/2018 with (new ref no:
dn/3) for increase the rate of Ponds cream and the approval received by Mr. Bhargav. (Hint:
250 + 28% GST extra).
7. Mr. Bhargav return 5pcs Ponds cream @ 45/-, 5pcs Lotus cream @ 90/- against bill no:
Sale/B/17-18/075 due to packing problem dated on as on 01/10/2018 (Credit Note no: Crn/1)
8. Company sold 35pcs Ponds cream @ 45/-, 35pcs Lotus cream @ 90/- (Bill no: Sale/B/17-
18/085) with 28% GST to Sharma & Co. from Behala Godown dated as on 01/10/2018.
9. Sharma & Co. Return 10pcs Ponds cream @ 45/-, 10pcs Lotus cream @ 90/- against bill no:
Sale/B/17-18/075 due to packing problem dated on as on 01/10/2018 (Credit Note no: Crn/2)
10. Company purchase the following items with 28% GST from Kiran & Co. dated as on
75/- ( Bill no: PUR/K/17-18/502).
11.Company return (debit note no: dn/4)10pcs Ponds cream @35/-, 10pcs Lotus cream @ 75/-
against bill no: PUR/ME/17-18/502) to Kiran & Co. due to interior quality from Behala
Godown dated as on 01/10/2018.
12.Company sold 35pcs Ponds cream @ 45/-, 35pcs Lotus cream @ 90/- (Bill no: Sale/AA/17-
18/095) with 28% GST to Ahuja & Ahuja Co. from Behala Godown dated as on 01/10/2018.
13.Ahuja & Ahuja Co. Return 10pcs Ponds cream @ 45/-, 10pcs Lotus cream @ 90/- against
bill no: Sale/AA/17-18/095 due to packing problem dated on as on 01/10/2018 (Credit Note
no: Crn/3)
14.Company placed a Purchase order on 01/10/2018 (Order no: Ord/ME/17-18/111) to Mathur

Enterprise for the following items, which received at Sealdah Godown on 02/10/2018.
(Challan no: Ch/ME/17-18/122) Ponds cream -50pcs @ 35/- Lotus cream -25 pcs @ 75/-
15.Before receiving the bill Company returned 10 pcs of Ponds cream (Debit note No:Dn/5)
due to packing problem as on 02/10/2018 against challan no: Ch/ME/17-18/122. After
adjusting the stock pass the purchase bill entry (Bill no: PB/ME/17-18/222.) with GST rate
28%.
1. Company paid Rs.2000/- to Global Solution through Cheque of SBI (Cheque No: 524171) as
AMC for office computers dated as on 02/02/2018.
2. Company paid Rs.5000/- to ABC Consultants through Cheque of SBI (Cheque No: 524172)
as Consultancy Fees dated as on 02/02/2018.
3. Company paid Rs.2500/- to Rohan Electronic through cash as Machine Repair dated as on
02/02/2018.
4. Company paid Rs.1000/- to Natwar Electronic through UTI as House wiring dated as on
02/02/2018.
5. Company paid Rs.1500/- to Priya Agency through SBI as Printer Repair dated as on
02/02/2018.
6. Company paid Rs.3000/- to Mangla traders through Cheque of SBI (Cheque No: 524172) as
Repair motor pump Fitting dated as on 02/02/2018.
7. Company take as loan of Rs. 10,000/- from Shriram Finance with rate of interest 3% p.a.
dated as on 02/02/2018. Calculate the interest amount for the year pass the necessary entries
to reply the amount with interest for 31/03/2018.
8. Company take as loan of Rs. 30,000/- from SBI Bank with rate of interest 12% P.A. dated as
on 01/05/2018. Calculate the interest amount for the year pass the necessary entries to reply
the amount with interest for 31/05/2018.
Open Your Company and Make the Changes Given Below
After enable the feature Track additional cost of purchase defines the following billing terms by
creating all the necessary …………. Under Purchase account group. Apart from that you can alter
the Purchase account group where the group itself will be enabled with Appropriate by Value/
Appropriate by Qty option and here you have to use invoice mode also. But the billing terms
values will fall under Purchase account instead of Direct Expense.
1. Company purchase 30pcs Ponds cream @ 35/- 30pcs Lotus cream @ 75/- (Bill no: Pur/
ME/17-18/1550) with 28% GST 02/02/2018 & packing charges incurred Rs. 100 Both items
from Mathur Enterprise & Stored at Behala Godown dated as on ( pass the entry after enable
the option from F11 – Track additional cost of purchase)
2. Company purchase 50pcs Ponds cream @ 35/- 50pcs Lotus cream @ 75/- (Bill no:
Pur/ME/17-18/1560) with 28% GST, carriage Rs. 100 from Mathur Enterprise & Stored at
Behala Godown dated as on 02/02/2018. (Pass the entry after enables the option from F11 –
Track addition cost of purchase).
K/17-18/1570) with 28% GST 02/02/2018 & packing charges incurred Rs. 200 Both items
& Ddelivery Charged RS. 150 from Kiran & Co. & Stored at BehalaGodown dated as on
( pass the entry after enable the option from F11 – Track additional cost of purchase)
Pur/K/17-18/1580) with 28% GST, carriage Rs. 150 & from Kiran & Co. & Stored at
BehalaGodown dated as on 02/02/2018. (Pass the entry after enables the option from F11 –
VC/17-18/1570) with 28% GST 02/02/2018 & packing charges incurred Rs. 200 Both items
& Ddelivery Charged RS. 150 from Vipro& Co.& Stored at BehalaGodown dated as on
( pass the entry after enable the option from F11 – Track additional cost of purchase)
Pur/VC/17-18/1580) with 28% GST, carriage Rs. 150 & from Vipro&co.& Stored at
1. Company sold the following items with 28% GST to Mr. Bhargav from Sealdah Godown
and allows him 2.5% trade discount dated as on 02/02/2018. 20pcs Ponds cream @ 45/-,
20pcs Lotus cream @ 90/- (Bill no: Sale/B/17-18/0105). Credit period: - 30 days.
Pur/SS/17-18/1595)with 28% GST & packing charges incurred Rs.100 from Sital
Stores(Rajasthan) & stored at Behalagodown dated as on 02/02/2018. (Pass the entry after
enables the option from F11 – Track additional cost of purchase)
3. Company sold the following items with 28% GST to Ahuja & Ahuja Co. from Sealdah
Godown and allows him 2.5% trade discount dated as on 02/02/2018. 20pcs Ponds cream @
45/-, 20pcs Lotus cream @ 90/- (Bill no: Sale/AA/17-18/0105). Credit period: - 30 days.
Pur/SS/17-18/1596) with 28% GST, carriage Rs.100 from Sital Stores (Rajasthan) & stored
at Behala Godown dated as on 02/02/2018. (Pass the entry after enables the option from F11
– Track additional cost of purchase)
5. Company sold the following items with 28% GST Sharma&Co. fromSealdah Godown and
allows him 3.5% trade discount dated as on 02/02/2018. 20pcs Ponds cream @ 45/-, 20pcs
Lotus cream @ 90/- (Bill no: Sale/B/17-18/0105). Credit period: - 30 days.
Pur/SS/17-18/1595) with 28% GST& packing charges incurred Rs.200 from Damni stored
(Delhi) & stored at Behalagodown dated as on 02/02/2018. (Pass the entry after enables the
option from F11 – Track additional cost of purchase)
Pur/SS/17-18/1596) with 28% GST, carriage Rs.100 from Damni Stores (Delhi) & stored at
Track additional cost of purchase).
ASSIGNMENT ON SESSION- 10
TDS (Tax Deducted at Source)
A method of tax collection on income assessments in India. The tax collection can be affected if the income
increases. The taxpayer pays tax on income from the preceding year. Tax collection is therefore delayed until the
year has been completed. In order to prevent from hiding income, the government collects some amount of tax
owed from the amount that is receivable by the taxpayer.
In TDS Tax is deducted from assesses income and deposited in government accounts. For Example, XYZ Ltd used
the service of Mr. A now they have to amount to Mr. A Now if TDS is applied as per law. Now XYZ will deduct
TDS and inform it Mr. A by providing him form and pay the remaining amount to Mr a.
Open Your Company

Press F11 (Statutory & Taxation Features), set ‘yes’ to the following options:
a) Enables TDS
b) Set/Alter TDS Details
Enter TDS Deductor details (supply the following sample data)
Tax Assessment number : WBTG01547A
Income Tax Circle/ Ward (TDS) : WBTDS – 327
Deductor Type : Government
Name of Person responsible : Suraj Khan
Designation : Accounts (HOD)
1. Paid office Rent for FY-2017-18 annual amount of Rs.200000/- to Rajiv Saraf
(individual/HUF-Resident). Deduct TDS @ 10% through SBI (chq. No. 500130) as on
31/03/2018. (Ref. Rnt/03)
2. Paid Rs. 9776 on 02/07/2018 through UTI (Chq No. 700502) to Amit Road Carrier
(Individual/HUF-Resident) for carrying goods from Kolkata to Delhi after deducting TDS @
2.228% (Ref. Chr/o4)
3. Paid audit fee’s for FTM Aug-17 amount of Rs.10000/- to A Gopalika Associate
(individual/HUF-Resident). Deduct TDS @ 10% through SBI (chq. No. 500132) as on
01/Sept-17.(Ref. Aud/05)
4. Commission on sale of RS 4,22,000/- Paid to Rajesh Enterprises (Individual/HUF-Resident)
for the sales made by then till 02/07/2018 deduct TDS @5% Educational case cess @2%
through SBI (Chq. No. 5001) as on 05/07/2018)(ref.Comm/04)
5. All the TDS challans were deposited into SBI on 02/07/2018 by cash.
Price Lists
Price Lists are useful for orders and invoices. An up-to-date price list helps in decision-making even at the lower levels of the
organization and quickens the sales process. Tally.ERP 9 assists in creating quantity based pricing with complex discount structure.
Price Lists are available only for inventory items and hence the feature is available only if inventory and invoicing are activated for
the company.
You can have one or more price lists. You may require more than one price list, when you have different price structures/levels for
different purposes viz., different groups of customers requiring different discounts or dealing in different products.
Company starts new schemes for his retail customers. According to the scheme company maintain
a price list as follows: You have to create two prices Level: - Wholesale & Retail.
Maintain Price list for Retailer.
Product Quantity Rate Discount
Ponds cream
<10 45/- 2.5%
<25 45/- 3.5%
<50 45/- 4.5%
>50 45/- 6%
Lotus cream
<15 90/- 2%
<25 90/- 3.5%
>25 90/- 5%
1. Company sold Ponds & Lotus Cream 15pcs each from Behala Godown with 28% GST Bill
no. sale/B/17-18/01 dated 02/02/2018 to Mr. Bhargav (Retailer), who wants to avail the
scheme. (You can also change the quantity to see the discount effect)
2. Prepare sale voucher class for sale bill entry:
a. Including Billing Terms (Sales – 70%, Output GST – 28%, Packing Charge -1%,
delivery charge – 1%)
b. Excluding Billing Terms (Sales – 100%, Output GST - 28%, Packing Charge – 1%,
delivery charge – 1%)
3. Pass two different sale bills using the voucher class.
4. Sold 5pcs Ponds Cream @ 45/- from Behala Godown with 28% inclusive GST to bearing &
spares as on 02/02/2018 (Ref: Sale/1). (Hint: use inclusive voucher class)
5. Sold 5pcs Lotus Cream @ 90/- from Behala Godown to bearing & spares as on 02/02/2018
using exclusive voucher class. (Ref: Sale/2).
BOM (Bill of Material)

A Bill of Materials is a list of constituent items along with quantity details that can be allotted for the manufacture of a certain product, by-
product or likewise. This facilitates immediate reduction in stock of the item automatically. This process of listing the items that make up
another item is made possible in Tally by enabling the Bill of Materials Facility.
Bill of Material (BoM) is created only for those items that are being assembled in-house. For trading items, you do not need a BoM.
Therefore, you need to specify a BoM at the time of creating a Stock Item or when altering its master.
Open your Company pass the following Entry

1. Company has decided to produce a new face Lotion . For producing the new product
required raw material are as follows. Create the item & make production formula.
a. Finish Goods : Face Lotion . [ UOM->ml]
b. Raw material: [UOM->ml]
[ For 100ml of face Lotion raw material required ]
i. Glycerin [20 ml]
ii. Paraffin Liquid [10 ml]
iii. Tocopheryl [2 ml]
iv. Hydroxylated Milk [60 ml]
v. Rose Water [ 6 ml]
vi. Essence [ 2 ml ]
2. Purchased the raw material from Indian Stationeries [ Bill no. Pb/IS/18-19/1]. And Stored at
Sealdahgodown dated as on 02-02-2018
i. Glycerin – 100 ml @ 1/-
ii. Paraffin Liquid – 50 ml @ 1.50 /-
iii. Tocopheryl – 10 ml @ 1.25/-
iv. Hydroxylated Milk – 300 ml @ 1.75/-
v. Rose Water 30 ml @ 1/-
vi. Essence – 10 ml @ 2.25/-
3. Create a voucher type namely manufacturing journal under stock journal and pass a
manufacturing journal to produce 500 ml of Face Lotion dated as on 02-02-2018 & stored in
sealdah. Additional expenses incurred :- Labour charged – 2%, Electric – 1% Factory
overhead – 2.5 % Packing charged Rs 50/-
Payroll
Payroll in the sense of "money paid to employees" plays a major role in a company for several reasons.
From an accounting perspective, payroll is crucial because payroll and payroll taxes considerably affect the net
income of most companies and because they are subject to laws and regulations.
From a human resources viewpoint, the payroll department is critical because employees are sensitive to payroll
errors and irregularities: Good employee morale requires payroll to be paid timely and accurately. The primary
mission of the payroll department is to ensure that all employees are paid accurately and timely with the correct
withholdings and deductions, and that the with holdings and deductions are remitted in a timely manner.
Open Your Company
Enable required features of payroll and create the followings
1. Create Units (work) for payroll: - Hour; Minute
a. Create compound unit 1 hour = 60 minutes
2. Create Attendance type: -
a. Present ( Attendance With Pay)
b. Sick leave (Leave with pay)
c. Absent (Leave without pay)
d. Overtime (Production)
3. Create pay head: -
a. Basic (On attendance)
b. DA (as computed value-50% on Basic)
Professional Tax Slab %
c. HRA (as computed value-20% on
From Upto Value Basic
Basic+DA)
- 3000.00 0
d. Ta (Flat Rate)
3000 5999.99 40
e. Overtime (on production) 5999.99 7999.99 120
f. Professional Tax (as computed value) 7999.99 - 250
g. Provident Fund (as computed value – 12% on Basic
+ DA)
4. Create Employee Group:-
a. Category : Employee
b. Name : Account
5. Create Two Employee
a. Mr. A (Basic = 6000 , DA=50%, HRA=20%, TA=500 Monthly, OT = 30/Hr)
b. Mr. B (Basic = 8000 , DA=50%, HRA=20%, TA=700 Monthly, OT = 30/Hr)
c. Mr. C (Basic = 10000 , DA=50%, HRA=20%, TA=1000 Monthly, OT = 30/Hr)
d. Mr. D (Basic = 15000 , DA=50%, HRA=20%, TA=1500 Monthly, OT = 30/Hr)

Assignment On Session - 1: General Ledger's Name Group Op. Bal. Dr. / CR

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Assignment On Session - 1: General Ledger's Name Group Op. Bal. Dr. / CR

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Assignment on Session -1

General Ledger’s Name Group Op. Bal. Dr. / Cr

General Reserve Reserves & Surplus 55,000 Cr.

Capital Reserve Reserves & Surplus 45,000 Cr.

Profit & Loss Account Primary 65,000 Cr.

Loan from HDFC Secured Loan 50,000 Cr.

Loan from Bajaj Finance Unsecured Loan 35,000 Cr.

M/s Genlite Sundry Creditors 40,000 Cr.

Subham & Sons Sundry Creditors 35,000 Cr.

Shakti India Sundry Creditors 25,000 Cr.

Pre-received commission Current Liabilities 5,500 Cr.

Outstanding Am Charges Outstanding Exps. (Current Liability) 6,000 Cr.

Building* Fixed Assets 2,00,000 Dr.

Machinery* Fixed Assets 1,50,000 Dr.

Debentures at ABM AMRO Investments 55,000 Dr.

Modern traders Sundry debtors 30,000 Dr.

Bearing & Spares Sundry debtors 25,000 Dr.

Agarwal& co Sundry debtors 45,000 Dr.

Cash Cash-in-Hand 60,000 Dr.

SBI (A/c no: 22574) Bank Accounts 3,25,000 Dr.

Prepaid Rent Other Current Asset (Current Asset 6,500 Dr.

Date Name Credit Days Amount Dr/Cr

Debtor’s Bill Details:

c) Paid Rs. 550/- in cash to Mr. Dey as Incentive dated as on 02/07/2018.

Stock Group : Soap, Perfume

Company started their business with two new items:

20.GST return was filed on 02/09/2018. After adjusting input/output GST.

14.Company placed a Purchase order on 01/10/2018 (Order no: Ord/ME/17-18/111) to Mathur

Open Your Company

BOM (Bill of Material)

Open your Company pass the following Entry

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