Tally Prime Test-1

Tally Prime Test-1          

Create a new company Swastik- Your Name T1" (e.g., Swastik-Shilpa-T1)

Accounts List

Sr. No.	Name	Amount (Rs.)
1	Capital A/c	6,25,000
2	General Reserve	55,000
3	Capital Reserve	45,000
4	Profit and Loss	65,000
5	OD at SBI	35,000
6	Loan From Bajaj Finance	35,000
7	Loan From HDFC	50,000
8	M/s Genlite(Cr)	40,000
9	Shubham and Sons(Cr)	35,000
10	Shakti India(Cr)	25,000
11	Pre-Received Commission	5,500
12	Outstanding Amount Charge	6,000
13	Building	2,00,000
14	Machinery	1,50,000
15	Debenture at Amro	65,000
16	Modern Traders(Dr)	30,000
17	Bearing and Spears(Dr)	25,000
18	Agarwal and Co.(Dr)	45,000
19	Cash	60,000
20	SBI	3,25,000
21	Prepaid Rent	6,500
Balance Sheet		1021500

 

Transactions

1. Open a new account in UTI Bank by depositing Rs. 25,000 on 01/04/2014.

2. Transfer Rs. 10,000 from Main Cash to Petty Cash to meet daily expenses on 01/04/2014.

3. Paid Outstanding Amount Charges Rs. 6,000 in cash.

4. Paid Rs. 25,000 to M/s Genlite by SBI cheque (Cheque No. 500/25) on 01/04/2014. Adjusted against Purchase Bill No. 101.

5. Paid Rs. 24,500 to Shakti India through SBI cheque (Cheque No. 500/26) on 22/04/2014 against two bills. Balance treated as Discount Received.

6. Received ICICI Bank cheque of Rs. 24,500 (Cheque No. 72/091) from Bearing and Spears against two bills. Deposited into UTI Bank on 02/04/2014.

7. Received cash Rs. 10,000 from Modern Traders on 02/04/2014 against outstanding amount.

8. Modern Traders cleared Rs. 18,000 of outstanding through cash dated 02/04/2014. Remaining amount treated as Bad Debts.

9. Paid Rs. 550 in cash for General Expenses on 02/04/2014.

10. Purchased Furniture worth Rs. 15,000 from Style Spa (Purchase Bill No. ASS/1) on 01/04/2014 on credit.

11. Received Interest on Debenture Rs. 6,500 through cheque of ABN Amro, deposited into SBI on 02/04/2014.

12. Received Commission in cash Rs. 45,000 from various sources on 02/04/2014.