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

PARTICULAR	DR	CR
Capital		4,00,000
Royalty payable		70,000
Cash	1,20,000
Bank O/D		50,000
ICICI Bank	80,000
Bills payable		20,000
Furniture & fittings	50,000
Bills receivable	50,000
Land & buildings	60,000
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

PARTICULAR	DR	CR
Capital		6,00,000
Bank OCC		75,000
Cash	50,000
Vat payable		50,000
Machinery	1,00,000
Furniture		50,000
Provision for bad debit		50,000
Debentures	2,00,000
Indian Overseas Bank	1,25,000
Prepaid expenses	20,000
Nithya Traders (sundry debtors)	20,000
Arun & Co (sundry debtors)	15,000
O/S salary		30,000
Bank loan		50,000

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

PARTICULAR	DR	CR
Capital		3,00,000
Bonus payable		60,000
Salary due		40,000
Cash	1,00,000
Indian Bank	70,000
Free hold property		30,000
Security deposit		1,50,000
Good will	1,00,000
Rent outstanding		50,000
Land & buildings	25,000
Furniture & fittings	25,000
Machinery	50,000

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

Excise Sum : 4

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 Balace sheet with inventory maintain in the books of Mr.Kalai Groups for the following year 1.4.2022 to 31.3.2023.

PARTICULAR	DR	CR
Capital		600000
Cash	500000
Bank	125000
Accounts payable		50000
Machinery	100000
Debentures		200000
Furniture	50000
Bank OCC		75000
Sanjeev groups(sundry creditor)		20000
Dhina (sundry debtor)	50000
O/S salary		15000
Bank loan		30000

STOCK IN HAND:

I. Stationary Item :

1. Pencil 1000 nos @ Rs.5
2. Eraser 1500 nos @ Rs.3
3. Pen 500 nos @ Rs.30
4. Note 200 nos @ Rs.25

II.Stitching Item :

1. Needle 0.05mm 20000 nos @ Rs.1
2. Bobbins 0.5mm 1000 nos @ Rs.10
3. Threads (White) 2000 nos @Rs.4

III.Industrial Item :

1. Cement 100 bags @ Rs.300
2. Bricks 200 bags @ Rs.250
3. Coal 100 bags @ Rs.175

TRANSACTION DURING THE PERIOD:

Apr 01 Paid Telephone Charges Rs.2000

Apr 10 Bank loan Received Rs.150000

Apr 23 Withdraw from stock for the protector own use Rs.5000

Apr 30 Goods sold on credit to Ms.Keerthi & Co for the following:

Pencil 200 nos @ Rs.7
Bobbins 500 nos @ Rs.12
Cement 75 bags @ Rs.350 bill no:21 (21 days)

May 02 Depreciation of furniture @ 5%

May 13 Purchase goods on credit from Mr.Joseph for the following:

Sand 200 bags @ Rs.200
Note 100 nos @ Rs.30 bill no:25 (10 days)

May 25 Credit note received from Ms.Keerthi & co for the following:

Pencil 15 nos @ Rs.7
Bobbins 30 nos @ Rs.12 against bill no:21

May 31 Withdraw from bank Rs.50000

Jun 05 Amount paid to Mr.Joseph Rs.40000 and balance received discount against bill no:25

Jun 23 Goods sold on credit to Mr.Jupiter for the following:

Threads(White) 1000 @ Rs.6
Eraser 500 nos @ Rs.5
Bricks 50 bags @ Rs.300 bill no:36 (35 days)

Jul 15 Withdraw from personal use Rs.120000

Jul 28 Interest received Rs.50000

Aug 10 Dividend received Rs.25000

Aug 16 Amount received from Mr.Jupiter Rs.20000 and balance Bad Debit written off against bill no:36