Example Inventory Tally Prime in Tamil


Excise Sum : 1

The following would be recording in journal using double entry system. Do the posting process from journal entries and prepare the Trial balance, Trading a/c, Profit & loss a/c and balance sheet with inventory maintain in the books of M/s. ISPAT CO for the following year 2001 to 2002


PARTICULARDRCR
Capital4,00,000
Royalty payable70,000
Cash1,20,000
Bank O/D50,000
ICICI Bank80,000
Bills payable20,000
Furniture & fittings50,000
Bills receivable50,000
Land & buildings60,000
Loan from Ravi (unsecured loan)10,000

STOCK IN HAND:


1. Sony TV 15nos Rs.5500
2. Sony I-pad 15nos Rs.500
3. Lenovo laptop 7nos Rs.12000
4. Micro max phone 8nos Rs.2000


TRANSACTION DURING THE PERIOD:


Apr 1 Purchased on credit from Mr. CITIZEN for the followings

  • LC-10121 calculator 20nos Rs.1200
  • USB 17nos Rs.2300
  • Laptop battery 22nos Rs.2100 bill no:236 (35 days)

Apr 2 Withdraw from bank for office use Rs.5000

Apr 13 Purchased on credit from Mr. Micro Max for the followings

  • Phone display 20nos Rs.500 Bill no: 12 (25 days)

Apr 24 Deposit into bank Rs. 10,000.

May 5 Sold goods on credit to Mr. BENN for the followings

  • Sony TV 10nos Rs.7500
  • Lenovo laptop 4nos Rs.15000 Bill no: 34 (15 days)

May 6. Return goods to Mr. CITIZEN for the followings

  • LC-10121 calculator 3nos Rs.1200
  • Laptop battery 2nos Rs.2100 against bill no:236

May 7 With Draw for Proprietors Own Use Rs.7000.

May 18 Sold Goods to Mr. NETWORK for the followings

  • Laptop Battery 15nos Rs.3000
  • Phone Display 12nos Rs.750 bill no: 67 (24 days)

Jun 9 Paid Salary Rs.5000

Jun 10 Received Interest Rs.7500

Jun 18 Return by Goods Mr. BENN for the followings

  • Sony TV 2nos Rs.7500
  • Lenovo Laptop 1nos Rs.15000 Against bill no: 34

July 12 The Stock of LC10121 calculator 3nos transferred to Chennai branch.

July 13 After Stock Verify the manual inventory the stock of Sony I-Pad 10nos only

View Answer


Excise Sum : 2

The following would be recording in journal using double entry system. Do the posting process from journal entries and prepare the Trial balance, Trading a/c, Profit & loss a/c and balance sheet with inventory maintain in the books of M/s. ISPAT CO for the following year 2001 to 2002


PARTICULARDRCR
Capital6,00,000
Bank OCC75,000
Cash50,000
Vat payable50,000
Machinery1,00,000
Furniture50,000
Provision for bad debit50,000
Debentures2,00,000
Indian Overseas Bank1,25,000
Prepaid expenses20,000
Nithya Traders (sundry debtors)20,000
Arun & Co (sundry debtors)15,000
O/S salary30,000
Bank loan50,000

STOCK IN HAND:


I. MEDICAL ITEM :

1. DOLO 100 mg 5000tab @ Rs.5
2. Metasin 3000tab @ Rs.4
3. Zerodal 5000tab @ Rs.10
4. Vicks action 5000tab @ Rs.25

II. INDUSTRIAL ITEM :
1.Cement 500bags @ Rs.250
2.Bricks 500bags @ Rs.300
III. ELECTRONIC ITEM :
1.Iron box 10nos @ Rs.800
2.Calculator 525nos @ Rs.100
3.14”inch TV 150nos @ Rs.850

TRANSACTION DURING THE PERIOD:


1. Paid telephone charge Rs.2000

2. Withdraw from stock for the protector own use Rs.5000

3. A cheque received from M/s. Nitya traders was Rs:15000 and balance Rs.5000 Bad Debit written off.

4. Goods sales on credit to M/s. TTC for the following:

  • Iron box 5nos @ Rs.1000
  • 14”inch TV 10nos Rs.10000 Bill.No.81 (45days)

5. Purchased on credit from M/s. Lingam Traders;

  • TV stand 15nos @ Rs.500
  • Steel chair 20nos @ Rs.250 Bill no:254 (25days)

6. Goods sold on credit to M/s. National Agencies for the following :

  • Dolo 100mg 1000tab @ Rs.7
  • Metasin 1500tab @ Rs.6
  • Vicks action 500 strips @ Rs.30 Bill no:25 (15days)

7. Depreciation of machinery 5% and furniture 5%

8. Bank Loan Received Rs.2,00,000

9. Goods return to M/s. Lingam traders :

  • TV stand 5nos
  • Steel chair 7nos against bill no:245

10. Amount received from M/s.TTC full payment

11. Goods purchased from M/s..Neha traders for the following:

  • Cement 200bags @ Rs.250
  • Coal 300bags @ Rs.200
  • Bricks 150bags @ 300 Bill no:458 (25days)

12. Credit note received from M/s. National Agencies for the following :

  • Dolo 100mg 200tab
  • Metasin 100tab
  • Vicks action 10tab against bill no: 25

13. Goods sold M/s. BPT contracts for followings:

  • TV stand 10nos @ Rs.700
  • Steel chair 10nos @ Rs.400
  • Cement 300bags @ Rs.350
  • Coal 200bags @ Rs.250
  • Bricks 200bags @ Rs.350 bill no: 021 (30days)

14. With draw from bank Rs.1,00,000.

15. Dividend received from bank Rs.30000.

16. Amount paid to M/s. Neha traders and discount Rs. Received 10%.

17. Stock of calculator 500nos transfer to Madurai branch.

18. Being verify manual inventory the stock for the following:

  • Coal in 200bags
  • Bricks 50bags

View Answer


Excise Sum : 3

The following would be recording in journal using double entry system. Do the posting process from journal entries and prepare the Trial balance, Trading a/c, Profit & loss a/c and balance sheet with inventory maintain in the books of M/s. ISPAT CO for the following year 2001 to 2002


PARTICULARDRCR
Capital3,00,000
Bonus payable60,000
Salary due40,000
Cash1,00,000
Indian Bank70,000
Free hold property30,000
Security deposit1,50,000
Good will1,00,000
Rent outstanding50,000
Land & buildings25,000
Furniture & fittings25,000
Machinery50,000

STOCK IN HAND:


Sony TV 10nos Rs.10,000
Stabilizer 15nos Rs.2500
Onida DVD player 15nos Rs.3500
Electronic spare parts 50nos Rs.200


TRANSACTION DURING THE PERIOD:


1. Purchased To Mr. KODAK P LTD for the followings

  • Sony LCD TV 12nos Rs.15000
  • Sony DVD Player 15nos Rs.7000 bill no:30

2. Paid travelling expenses Rs.1300

3. Paid insurance premium Rs.1800

4. Sales to goods Mr.CNC Traders for the followings

  • Sony TV 7nos Rs.13000
  • Sony LCD 8nos Rs.20000 bill no: 40

5. Deposit in to bank Rs.6000

6. Return into Mr. KODAK for the followings

  • Sony DVD player 3nos Rs.7000

7. Cash sale to Mr. Info Tech for the followings

  • Stabilizer 5nos Rs.4000
  • Onida DVD player 8nos Rs.6500 bill no: 43

8. Paid to Electronic charges Rs.3000

9. With draw from personal use Rs.1700

10. Received dividend received Rs.9500

11. Stock transfer to Bangalore branch

  • Electronic spare parts 20nos Rs.200

12.Paid to Mr. KODAK P LTD Rs.100000

13. After Stock verify Electronic spare parts 10nos only

View Answer