CTTC Model Question (Practical) Tally

            
 
     

1  

 Create a Company in your name and address   :    
 

Financial year from: 1/04/07

  
 

2

Create Ledgers:  Cash – Rs. 1, 00,000 /- Capital Rs. 1, 75,000/- Canara Bank Rs. 75,000/-  
     
 

3  

 Create Inventory (Stock Group, Stock Category, Compound Unit and Stock Item)    
     
Item                              Std. Rate Selling Rate   Unit   Tax  
  Reynolds Ball Pen    

         90   

 130    PKT of 10 Nos 1% vat  
  Parker Ball Pen

        210

 245   PKT of 12 Nos 1% vat   
  Reynolds Gel Pen

        120      

 150   PKT of 12 Nos 4% vat  
 

4  

 Create Godowns  
  Godown-1  
  Godown-2  
     

5    

 Journalize the following transactions
 
  1.4.07  Ordered 20pkt Reynolds Ball Pen from John & co  
  1.4.07       Purchase Goods on above order  
  1.4.07 Paid to John & co Rs 1000/- by cash  
  1.4.07   Purchase 10Pkt Parker Ball pen and Reynolds Gel pen by cash  
  2.4.07    Sold 15pkt of Reynolds Ball pen for cash  
  2.4.07 Sold 8pkt Parker Ball pen to Menon.  
  2.4.07 Received from Menon Rs 1250/-  
  2.4.07   Paid salary Rs.2000/- by a cheque of Canara Bank.  
  2.4.07   Salary outstanding Rs.500/-  
  2.4.07   Paid insurance Rs.1750/- by cash  
  2.4.07   Prepaid insurance Rs.500/-  
  2.4.07   Purchase 50 pkt Parker Ball pen by cash (Add cost: Carriage Rs100/-)