tally journal entries[1]

Tally Assignment by Gurukul The Foundation

Tally Journal Entries

Q.1. Journalize the following transactions:

2008Apr 1 Ramesh started business with cash 10000

2 Paid into bank 70003 Bought goods for cash 50004 Drew cash from bank for office use 20005 Sold to Krishna goods on credit 100013 Bought of shyam goods on credit 50014 Received from Krishna 95020 Paid Shyam cash 480 and discount 2024 Cash sales for the month 250028 Paid rent 350030 Paid salary 2000


2008Apr 1 Started business with cash 10000

3 Paid into bank 40004 Sold goods to Mohan 22009 Goods returned by Mohan 20010 Goods purchased from Shyam 315015 Goods returned to Shyam 15018 Purchased goods from Ram on which he 10000

Allows 10% Trade discount 23 Received a V.P.P. for 100023 Sent a peon to collect it who paid as cartage 2525 Paid interest on loan 500


2008Jan 1 Received cash from Ram 5000

2 Purchased goods for cash 5006 Sold goods to Hari 20011 Paid to Ramavtar 40016 Receives from Hari 10020 Bought furniture from Rajesh 20024 Paid rent 80025 Paid salary 1000


2008Jan 1 Sohan started business with cash 50000 and goods worth 25000

2 Purchased goods for cash 80005 Purchased goods from Mohan on credit 60007 Paid into bank 500010 Purchased furniture 200015 Sold goods for cash 700020 Sold goods to Ram on credit 500022 Cash sales 3500

Tally Assignment by Gurukul The Foundation 1


26 Paid to Mohan on account 300027 Paid wages 30028 Paid salary 360030 Paid rent 8000


2008Jan 1 Ram commenced business with cash 30000

2 Paid into bank 210003 Purchased goods 15007 Drew cash from bank for office use 300010 Sold goods to Hari on credit 100015 Purchased goods from Shyam 150020 Cash sales 300025 Paid to Shyam 1475 and discount received 2530 Paid Rent 500031 Paid salary 1500


2008Apr 1 Ramesh started business with cash 20000

2 Paid into bank 70003 Bought goods for cash 5004 Drew cash from bank for office use 100013 Sold to Krishna goods 150020 Bought of Shyam goods on credit 250024 Received from Krishna 1450

Discount allowed 5028 Paid Shyam cash 2450

Discount received 5029 Cash sales for the month 800030 Paid rent 500031 Paid salary 1800


2008Feb 1 Suresh started business with cash

And goods worth-2 Bought goods from Shyam Lal4 Purchased furniture from Sunil Stores for cash5 Sold goods for cash8 Purchased goods for cash10 Paid cartage14 Sold goods on credit to Mohan21 Withdrew money from business for private use22 Mohan returned goods25 Cash sales 27 Paid Sundry expenses28 Paid office salary


2008



Jan 1 Rahul started business with cash 250002 Paid into bank 60003 Bought goods from Mr. Singh and co. 20004 Purchased furniture 20004 Purchased adding machine 80004 Purchased typewriter 6000

(Payment in all cases made by cheque)6 Paid for postage 358 Sold goods for cahs 4009 Sold goods on credit to Sharda and co. 100015 Paid to M/S S.Singh and co. and 1950

Discount allowed by them 5025 Received from Sharda and co. in full

Settlement of amount due from them 97529 Paid for electric charges 15030 Paid salary 150031 Paid rent by cheque 200031 Drew cash for private use 2500

Q.9. Journalize the following transactions and make the ledgers & trial balance:

2008Jan 1 Started business with cash 80000

1 Paid into bank 50002 Bought stationery for cash 503 Bought goods for cash 21004 Bought postage stamps 305 Sold goods for cash 7506 Bought office furniture from Bannerjee Bros. 50011 Sold goods to Mahendra 200012 Received cheque from Mahendra 200014 Paid Bannerjee Bros. By cheque 50016 Sold to Ramesh and co. 50020 Bought goods from S.seth and Bros. 70023 Bought goods for cash from S.Narain and co. 22524 Sold goods to P.Prakash 35026 Ramesh and co. paid on account 25028 Paid S.Seth and Bros. By cheque in

full settlement 68529 Paid salaries 240031 Rent to due to S.Sharma but not yet paid 200


2008

Apr 1 Commenced business with cash 250002 Paid into bank 235003 Bought goods from Ramesh & co, 54004 Sold goods to Rajesh 48007 Bought goods from Ram Chand 64508 Paid wages in cash 809 Sold goods to Mahesh Chand 535010 Received cheque from Rajesh 4680

(Discount allowed Rs120)11 Paid into bank 4680



12 Paid to Ramesh & co. 5130(Discount received Rs270)

13 Paid rent for three months up to march 40014 Bought from C.Khare 740015 Paid wages in cash 8016 Paid office expenses in cash 7017 Sold to Jagdish 320018 Sold goods to Rajesh 160021 Sold goods to Mahesh Chand 250022 Payment received by cheque from Jagdish 320023 Paid wages 8023 Paid office expenses in cash 5023 Paid Ram Chand by cheque (Discount Rs320) 613024 Received cheque from Mahesh Chand 5200

(Discount Rs.150)27 Mahesh Chand Returned goods 200

(Not up to sample)28 Paid wages in cash 10029 Paid office expenses 14030 Paid salaries for the month 430031 Cash used at home 1000


2008Jan 1 Suresh paid into bank as capital 6000

2 He bought goods for cheque 24003 Sold to Mukand & co. 6704 Sold goods for cash 10905 Paid sundry expenses in cash 3006 Cash sent to bank 15007 Received cheque from Mukand & co. and 650

Discount allowed 208 Paid wages 1009 Paid for office furniture and fitting by cheque 50010 Bought goods from Ramesh and Bros 106011 Sold to mahendra 187012 Returned goods to ramesh and bros 15013 Sent cheque to Ramesh and bros in

Full settlement 90014 Sold goods for cash 49015 Paid into bank 50016 Drew cash from office for personal use 200017 Bank charged interest 5022 Paid cash for stationery 6025 Bought goods from Mohan & co ltd. 100027 Received from Mahendra on account 60030 banked (Cash sent to bank) 2000


2008Jan 1 Started business with cash 10000

2 Deposited into bank 9000



9 Purchased machinery for Rs.5000 from Jawahar and Gave him a cheque for the amount

15 Paid installation charges of machinery 10020 Purchased timber from Naveen at the list price of

Rs.20000. he allowed trade discount 10%23 Sold furniture to Naresh at the list price of Rs.1000

Allowed him 5% trade discount 25 Furniture costing Rs.500 was used in furnishing the office28 Received a cheque from Naresh for Rs.930 in full

Settlement and sent the cheque to bank29 Sent to Naveen in full settlement a cheque for Rs.175031 Paid wages rs.350 and rent Rs.200


2008Jan 1 Ramesh had with from last year

Rs.5000 worth of goods and cash 100002 Wages due to Laboures 1803 Insurance Premium due but not yet paid 2004 Paid for charity 2510 Received a V.P.P. for Rs.680 sent a peon to take

Delivery of it and he paid Rs.5 for cartage16 Paid Balkishan on account through bank 70023 Received interest on loan from the debtor 4524 Roop Narain returned goods 7525 Goods returned to Sohan Lal Sethi 12526 Received rent from sub-tenant 10027 Kamal narain who owed Rs.850 become insolvent,

Received from the official receiver a first and final Composition of 50 p in rupees 425

28 Purchased a motor cycle for his son 4000

Q.14. Guru Prashad commenced business on 1st April 2008 with cash Rs.15000 and goods Rs.3000. His other transaction during the month were as follows journalize these transactions:

2008Apr 2 purchased a truck for business use 10000

3 Purchased goods from Ramesh & co. 45004 Sold goods to Tara Chand 23005 Purchased stationery 606 Sold goods to Harish & co. 11507 Sold goods to AB & co. 8008 Paid to Rajesh and co. 52508 Discount allowed by them 509 Purchased goods from Vinay Sagar 295010 Paid cartage on above 1011 Returned goods to Vinay Sagar 50012 Cash sales 800014 Received from Harish and co in settlement 113015 Received from cash from AB and co. 700

And received goods from them 10019 Purchased goods from Anand and co. 298020 Sold goods to general traders 278021 Paid for diesel fir truck 100



25 Paid accountant’s salary 1500027 Paid drivers salary 250029 Paid rent 300030 Withdrew cash for private expenses 1000

Cash BookSingle Column Cash Book

Q.1. Enter the following transactions in a Simple Cash Book:

2008Jan. 1 Cash in Hand 1200

5 Received from Ram 3007 Paid rent 308 Sold goods 30010 Paid Shyam 70027 Purchased furniture 20031 Paid salaries 100

(Cash Balance 770)

Q.2. Enter the following in Shri Shambunath’s Cash Book and show the balance:

2007Oct. 1 Balance of cash in hand Rs.15000

8 Purchases goods for cash from X Rs.320015 Sold goods for Rs.4800 to Y20 Received commission Rs.65020 Paid commission Rs.55028 Paid to Shantaram on account Rs.715031 Paid salary to the office clerk Rs.1000 and office rent Rs.600

(Cash Balance 3150)Q.3. Write-up a trader’s Single Column Cash Book for the month of April 2008, from the following particulars:

April 1 Cash in Hand 25002 Cash sales 260003 Paid cheque to Creditors Rs.4990 after

Deducting cash Discount 3104 Wages paid in cash 22504 Cash sales of Rs.1800 of which Rs.1500 was banked on April 79 Paid cash to transport Corporation of India Rs.450 against their



Bill No.26510 Cash Sales rs.15000 of which Rs.12000 was banked on April 1615 Paid wages in cash 285017 Paid cleaner in cash 36019 Cash sales 1140020 Paid cash for Window cleaning 18021 Purchased goods o credit from U & Co. 150024 Paid wages in cash 240025 Paid cash for rates 360026 Cash sales 1920029 Paid Electricity Bill in cash 90030 Cash collected from Mahesh (Debtor) Rs.4500 after allowing discount of

Rs.250 (Cash Balance 56610)

Q.4. Enter the following transactions in a Single column Cash Book:

2008April 1 Cash in Hand 5000

2 Cash sales 100004 Received from Pravin on account 30005 Purchased goods 60007 Loan given to Mohan 20008 Sold goods to Sohan in cash 800011 Purchased furniture 400012 Purchased Postal Stamps 50014 Sold goods to Ram on credit 450015 Salary paid to accountant 50018 Purchased goods 250019 Paid freight 20020 Withdrew for personal use 100022 Received commission 200024 Paid to Shyam 250027 Received from Mohan 200029 Paid to Girish 100030 Rent paid 800

(Cash Balance 9000)Two-Column Cash Book (Cash Book with Cash and Bank Column)

Q.5. Record the following transactions in a Double Column Cash Book with Cash and Bank Column and balace the book on January 31, 2008:

2008Jan 1 Cash balance 100

1 Bank Balance 14501 Cash received from sale of shares 60002 Paid into Bank 50003 Purchased goods from M/S. Agarwalla for Rs.1200 and paid by cheque4 Paid wages 2505 Received from Mohan a cheque for rs.980 in full settlement of a claim of

rs.10008 Mohan’s cheque deposited into Bank14 Paid for stationery 15016 Bought goods 60019 Paid Shyam by cheque 370

Discount received from him 30



20 Drew from Bank 30023 Cash drawn from Bank for personal use 20024 Cash sales 17027 Received from Sharma 1800

Allowed him Discount 20028 Deposited cash into Bank 150029 Gave cheque for cash purchases 20030 Paid rent by cheque 200

(Cash 870, Bank 6460)

Q.6. Enter the following transactions of M/s. Premier Trading Company in cash Book with Two Columns (Cash and Bank Columns). Balance the Cash Book as on 31st December 2007:

2007Dec. 1 Cash in Hand 4000

1 Bank overdraft 10003 Received a cheque from Ram Lal on account Rs.290 and allowed him

discount Rs.407 Ram Lal’s cheque deposited into Bank11 Withdrew from the Bank for office use 80012 Paid B/P by cheque 60015 Cheque received from Chandulal of Rs.2400 and allowed him discount

Rs.10020 Issued a cheque for petty cash 10026 Paid to Gupta by cheque Rs.920 and discount received Rs.3028 Made cash sales 900

(Cash Balance 5700, Bank Balance –730)

Q.7. Enter the following transactions in a Double-Column Cash Book.

2008Jan 1 Chandrika commences business with cash 20000

2 He paid into bank current a/c 190003 He receives cheque from Kirti & Co.

on account 6007 He pays into Bank Kirti & Co.’s cheque 60010 He pays Ratan & Co. by cheque and 330

allowed discount Rs.2013 Tripathi & co. pays into his Bank A/c 47515 He receives cheque from Warsi and allows 450

him discount 3520 He receives cash Rs.75 and cheque Rs.100 for cash sales25 He pays into Bank, including cheques received

on 15th and 20th Jan 100027 He pays cheque for cash purchases 27530 He pays sundry expenses in cash 5031 He pays John & co. in cash and 375

allowed discount Rs.3531 He pays office rent by cheque 20031 He draws a cheque for personal use 25031 He pays staff salaries by cheque 30031 He draw a cheque for office use 40031 He pays cash for stationery 2531 He purchases goods for cash 125



31 He pays Jagpal by cheque for commission 30032 He gives cheque to Ram Saran for cash

purchase of furniture for Office 157532 He receives cheque for commission from

Raghubir & Co. 50031 He receives cheque from kesri & Co. 450

(Cash Balance 900, Bank Balance 17945)

Q.8. Compile a three column Cash Book from the following transactions:

2008Jan 1 Cash in hand 567

1 Cash at Bank 126752 Deposited in Bank 5005 Received from A and allowed discount Rs.10 7007 Purchased Furniture for cash 2508 Paid to B by cheque and 745

received discount Rs.514 Received from C by cheque and deposited

into bank 50015 Cash sales 78515 Deposited into Bank 100017 Purchased a motor car and paid by cheque 524018 Paid by cheque to D and received discount Rs3 36719 Withdrew from Bank for office use 25022 Purchased goods for cash 35025 Paid establishment expenses through bank 45031 Paid rent in cash 50

(Cash Balance 242, Bank Balance 7623)

Q.9 Compile a Bank Column Cash Book from the following transactions:

2008June 1 Cash Balance 500

1 Bank balance 17505 Cash received from sale of shares 55006 Paid into Bank 50007 Paid S.Bose by cheque 12509 Paid wages in cash 30019 Received from A. Mukherji by cheque and

sent to bank 60021 Drawn from Bank 50029 Paid office salaries in cash 40030 Sold goods for cash and banked the same 80030 Paid rent by cheque 10030 Paid into Bank 750

(Cash balance 50, Bank Balance 7050)

Q.10. Enter the following transactions in a Double Column Cash Book:

1) Commened business with cash Rs.500002) Deposited in Bank Rs.40003) Received cash from Mohan Rs.950 in full settlement of a debt of Rs.1000



4) Boufht goods for cash Rs.100005) Bought goods by cheque Rs.150006) Sold goods for cheque for Rs.20000 and deposited in Bank on the same day7) Paid to Arun by cheque Rs.1900 in full settlement of his account of Rs.20008) Drew from bank for office use Rs.1000

(Cash 1950, Bank 42100)

Q.11. prepare a Cash Book:

1) Started business with cash 200002) Opened current account with the PNB 80003) Bought goods b cheque 1504) Received cheque from Rama 20005) Sold goods for cash 406) Paid into Bank

Cash Rs.30Cheque Rs.200

7) Paid Shyam by cheque 3458) Paid carriage by cheque 1809) Drew from bank cash for office 20010) Paid wages by cheque 60

(Cash 12210, Bank 7295)

Purchase BookQ.1 The Rough Book of M/s Narain and Co. contains the following:2008Feb 1 Purchased from M/s. Brown & Co. on credit:

5 gross pencils @ Rs. 100 per gross1 gross registers @ Rs. 200 per dozenLess: Trade Discount @ 10%

Feb 2 Purchased for cash from the stationery Mart:10 gross exercise books @ Rs.60 per sozen

Feb 3 Purchased computer printer for office use from M/s office Goods Co. on credit for Rs.4,000

Feb 4 Purchased on credit from The Paper Co.:5 reams of white paper @ Rs.100 per ream10 reams of ruled paper @ Rs.65 per ream Less: Trade Discount @ 10%

Feb 5 Purchased one dozen ink-pots @ Rs.10 each from M/s Verma Bros. on credit.

Make out the Purchases Book of M/s. Narain & Co.(answer 3765)



Q.2. Enter the following transactions in Purchases Book of M/s. R.K. Brothers and pass the Journal entry:2008April 1 Purchased goods from Joshi Brothers on credit

10 Philips tubelights @ Rs.40 each, paid VAT @ 10%50 Crompton bulbs @ Rs.10 each, paid VAT @ 10%

April 10 Purchased goods from Rajesh Electric Store 25 heaters @ Rs.160 each, paid VAT @ 10%15 Sunny fans @ Rs.600 each, 10% trade discount, paid VAT @ 10%

April 16 Purchased goods from Sardar Electric Store 5 dozen Philips bulbs @ Rs.10 each, paid VAT @ 10%20 power plugs @ Rs.25 each, paid VAT @ 10%The trade discount is 10% and freight charges are Rs.75

(Answer 15024)


tally journal entries[1]

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