4 Ledger Creation - Questions for practice of tally step by step. Basic questions for tally prime. PDF

Title	4 Ledger Creation - Questions for practice of tally step by step. Basic questions for tally prime.
Author	Rachita Aggarwal
Course	Computerized Accounting Software Lab
Institution	Maharaja Agrasen University
Pages	2
File Size	110.8 KB
File Type	PDF
Total Downloads	9
Total Views	160

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Summary

Questions for practice of tally step by step. Basic questions for tally prime. Practice set for Tally Prime....

Description

Tally Practice Questions

Assignment-2 (Part-2) Ledgers in Tally Ques.1) Explain the concept of Creation, Alteration and Display of single and multiple ledgers in Tally with the help of detailed steps and screenshots. Ques.2) Create the following Ledgers in Tally under single ledger creation option: Ledger Name Under Proprietor’s Capital Capital Account Account Land & Building Fixed Assets Milton & Co. Sundry Debtors Kaltronic Ltd. Sundry Creditors State Bank of India Bank Accounts Local Sales Sales Accounts Local Purchases Purchase Accounts Conveyance Indirect Expenses Bank Interest Indirect Incomes Paste Appropriate Screenshots.

Opening Balance 25,000

Dr./Cr. Cr.

60,000 15,000 85,000 35,000 -

Dr. Dr. Cr. Dr. -

Ques.3) Create the following Ledgers in Tally under multiple ledger creation option: Name of Ledger Equity Share Capital

Account Groups Capital Account

Amount 26580000

Dr./Cr. Cr.

General Reserve

Reserve and Surplus

2560000

Cr.

Capital Reserve

Reserve and Surplus

598500

Cr.

Loan from HDFC

Secured Loan

5000000

Cr.

Ranbir Ltd Goswami Pvt Ltd

Sundry Creditors Sundry Creditors

254100 225000

Cr.

Provision for doubtful debts

Provisions

15000

Cr.

Outstanding Rent

Outstanding Expenses

16500

Cr.

Outstanding Telephone bill

Outstanding Expenses

35000

Cr.

Outstanding A M C

Outstanding Expenses

17514

Cr.

Profit and Loss Account**

Primary

675420

Cr.

Land & Building

Fixed Assets

5085410

Dr.

Plant & Machinery

Fixed Assets

6085011

Dr.

Furniture & Fixture

Fixed Assets

458700

Dr.

Tally Practice Questions

Computer & Peripherals

Fixed Assets

1045210

Dr.

Investment in Shares

Investments

2254500

Dr.

Abir Pvt Ltd Suraj Ltd

Sundry Debtors Sundry Debtors

250000 350000

Dr.

Closing Stock

Stock – in- Hand

2545800

Dr.

Prepaid Insurance

Current Assets

45120

Dr.

Loan to Employee

Loans and Advances (Assets)

158400

Dr.

Cash**

Cash in Hand

185200

Dr.

I C I C I Bank

Bank Accounts

17513683

Dr.

** Do not create these ledgers, alter the ledgers and put opening balance. Paste Appropriate screenshots....