The company details are as follows

i. Name- ABC COMPANY

ii. Address: Your Address, Your Phone & Mobile No., Your Email ID
iii. Currency Symbol: Rs.
Enter the following transactions of the Company in Tally and show various reports

Balance Sheet as at 31-3-2019

Liabilities Amount Assets Amount

Capital 180000 Land and Buildings 130000

Reserves 50000 Plant and Machinery 50000
Profit and Loss Account 30000 Furniture 30000
Secured loan 50000 Investment 8000
Debentures 100000 Stock 172980
Loan from Promoters 50000 Debtors 26200
Provision for tax 25000 Bills Receivables 5000
Bills Payable 10000 Punjab National Bank 80000
Sundry Creditors 22460 State Bank of India 22000
Salaries outstanding 3500 Cash in Hand 2000
Rent outstanding 6000 Prepaid insurance 780
526960 526960

The company deals in the following stocks:

Name of the Items Group Quantity Rate (Rs) Opening Stock Value
Reynolds Pen 100 pcs. 65 6500
Parker Pen 125 pcs. 100 12500
Pilot Pen 108 pcs. 60 6480
Camel Geometry 400 pcs. 157.5 63000
Classmate Geometry 100 pcs. 220 22000
Apsara Geometry 500 pcs. 125 62500
Total 172980

The list of company debtors and creditors is as follows:

Debtors Balance Due Creditors Balance payable

Pranika 4500 Anmol 2500
Vartika 8900 Harshit 3050
Vansh 5200 Mohit 6750
Rohit 3000 Raghav 4260
Ritik 4600 Siddharth 5900
Total 26200 Total 26200
Record the following transactions that took place during the April to September 2018.

S.No. Transaction Item Quantity Amount

1 Purchase from Anmol Reynolds Pen 20 700
2 Sale to Vartika Parker Pen 125 24000
3 Sale to Rohit Camel Geometry 100 25000
4 Paid money to Anmol in full settlement for 680
the transaction at sr. no. 1 above
5 Received from Vartika and Rohit Rs 23500
each in full settlement for their current
transaction at sr. no. 2 & 3 above
6 Paid to Mohit 1000
7 Purchase from Harshit Parker Pen 15 1600
8 Purchase from Mohit Reynolds Pen 18 2000
9 Sale to Pranika (Trade discount 10% on list Pilot Pen 100 Pens. Rs. 150/-
price) List Price each
10 Purchased furniture 2500
11 Paid insurance Premium 1560
12 Purchased Land and Building from XY Ltd for Rs. 1,00,000. to pay this the company
borrowed from bank a loan of Rs. 40,000 and issued fully paid debenture of Rs. 60,000 to
XY Ltd.
13 Sold all the investment 20,000
14 Paid
2000
1. Outstanding Salaries 1000
2. Electricity 500
3. Telephone 5000
4. Current Salaries 7000
5. Rent (including outstanding) =1000+6000 23000
6. Tax of last year
15 Outstanding
1. Total Salaries 5000
2. Total Provision for Tax 24000
3. Total rent outstanding 5000

1. Charge Depreciation for the period 1/4/2017 to 30/9/2017 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 30/9/2017
b. Profit and Loss Account as on 30/9/2017
c. Balance Sheet as on 30/9/2017