Tuesday, April 10, 2012

Assignment for Practicing Tally 9/ Acc-Pac/ Myob/Quick-book


The following are the accounts of National (Pvt) Ltd. for the month of April 2012. Complete the Assignment within 2 hours and half. It is recommended for the biginners of studying Accounting package.

Question 01
Create the following chart of the accounts.
Assets:
                Fixed assets:
                Motor Vehicle - motor Vehicle at cost
                Office equipments - office equipments at cost
                Building – Building at cost
                Current Assets:
                                Cash In Hand
HSBC
Commercial Bank
Cash Drawler
Inventory
Liabilities:
                Long Term Liabilities:
Bank Loan – HSBC
Bank Loan – BOC
Debentures
Current Liabilities:
Electricity Payable
Incomes:
Sales:
Accounting Books
Song Books
Science Books
Magazines
Novels
English Song CDs
Games CDs


Expenses:
Advertising Fee
Postage
Fuel Expenses
Depreciation:
Motor Vehicle
Office equipment
Building
Cost of Sales:
Purchase
Accounting Books
Song Books
Science Books
Magazines
Novels
English Song CDs
Game CDs

Question 02
Following are the balances as of 01/04/2012.

Fixed Assets:
                                                                At Cost: (Dr)
Motor Vehicle                                      Rs. 125,000.00
Office Equipment                                  Rs.   52,000.00
Building                                                Rs. 200,000.00
Cash and Bank:
HSBC                                              Rs. 400,000.00
Commercial Bank                             Rs. 250,000.00
Cash Drawer                                    Rs.   35,000.00

Long Term Liabilities:
                                        At Cost: (Cr)
Bank Loan – HSBC         Rs. 500,000.00
Bank Loan – BOC           Rs. 500,000.00
Debentures                       Rs.   50,000.00

Current Liabilities                                            
Electricity Payable       Rs.     2,000.00

Debtors Total Rs. 241,000.00
                                          Amount                 Invoice #
Dilshan Book Service          Rs.   75,000.00     0058741
Hello Limited                       Rs.   86,000.00    0064891
S. Mafas & Co.                  Rs.   80,000.00     0000256

Creditors  Total Rs. 116,600.00
                                       Amount                 Invoice #
A. Ranjith                         Rs.   25,000.00    0008978
Free Books (Pvt) Ltd.       Rs.   56,800.00    0041542
Naveen’s Stores                Rs.   35,800.00    0009012


Inventory
Code                     Description                 Units    Cost      
ACB-01/201        Accounting Books      20        Rs.   500.00         
SCI-01/301          Science Books           30         Rs.1,000.00
MAG-01/801      Magazines                   18         Rs.   650.00
COM-01/479      Computer Books         15         Rs.   850.00
NOV-02/01         Novels                        05       Rs. 3,000.00
SGB-02/01           Song Books               10        Rs.   750.00
CDIS-02/01          English Song CDs      50         Rs.   350.00
CDIG-02/01         Game CDs                20         Rs.   450.00

Question 03

Update the following transactions.

2nd April                Purchase the following books for credit from Free Book (pvt) Ltd.
Vendor Invoice #0025896

Description                         Units                     Cost
Accounting Books                10                       Rs.   500.00
Song Books                         15                        Rs.   750.00
Computer Books                  15                       Rs. 1,000.00
Magazines                            30                        Rs.   650.00

5th April                 Pays the following expenses from HSBC.

Cheque #                            Account Name                                  Amount
725099                                  Advertising                                     Rs.   22,000.00 + VAT
725099                                  Postage                                          Rs.     2,500.00
725099                                  Utilities                                           Rs.     1,250.00 + VAT
725101                                  Fuel Expenses                                 Rs.     5,500.00

On the same day sold the following items for credit to Asian Book Depot.
Invoice #00058973, Customer p/o #258741

Description                                         Units
Accounting Books                              10
Computer Books                                05
Game CDs                                         02

14th April              received payments deposits in HSBC

                                                            Invoices #            Amount                               Cheque #
Dilshan Books Services                      0058741                Rs. 50,000.00                      897456
Hello Limited                                      0064891                Rs. 60,000.00                      457866

21st April               following is the credit sales to S. Mafaz & Co.
                                Invoices #759812

Description                                         Units
Science Books                                   30
Magazines                                          18
Novels                                                05

25th April              Depreciate the following accounts

Description                                         Amount
Motor Vehicle                                   Rs.   5,000.00
Office Equipment                               Rs.   6,275.00
Building                                             Rs. 10,500.00

26th April              pays the following expenses from HSBC

Cheque #                            Account Name                                  Amount
725102`                                 Salary                                           Rs.   15,000.00
725103                                  Salary                                           Rs.   20,500.00

27th April              pays the following expenses from cash in hand

Index  #                                           Account Name                                  Amount
701200                                              Postage                                         Rs.         500.00
701201                                              Fuel                                               Rs.    10,500.00

29th April              after completing all the activities, create a backup in the shared folder with your name.
Posted by at
Location: Medawachchiya-Kebitigollewa Rd, Sri Lanka

12 comments:

  1. AnonymousFebruary 9, 2014 at 8:42 PM

    good

    ReplyDelete
  2. Tally TrainingFebruary 16, 2016 at 1:59 AM

    I saw this really great post today.

    ReplyDelete
  3. Andy WilsonMay 6, 2019 at 7:22 AM

    Really great post. Get best assignment help at an amazing price only at Student Assignment Help.

    ReplyDelete
  4. printersupportnumberJanuary 11, 2021 at 4:33 AM

    Nice Post...
    Why My HP Printer Assistant Is Not Downloading?
    If poor network connection is running on your system, then there would be a high chance of facing unable to downloading HP Printer Assistant problem. To handle this issue in cost-effective manner, you are advisable to connect with us. We are highly expert in problem-solving domain. So, due to whatever the reasons behind this problem, will effortlessly be found by us and solved in just couple of second. We are providing 24x7 online support services so it will be easy for you to take effective solution for your related problem. Hence, contact us anytime and get your downloading problem annihilated quickly.

    ReplyDelete
  5. abc assignment helpApril 21, 2021 at 10:37 PM

    When it comes to your career prospects and bright future, ABC assignment help takes the onus on itself to promote your growth in the right direction. So, that way you wouldn’t have to think twice before trusting us with your academic papers.

    ReplyDelete
  6. sportstoto365comDecember 12, 2021 at 1:08 AM

    What a nice article i found , i was looking it for a long time , i been searching it for so long now that i found out really help me. 바카라사이트

    ReplyDelete
  7. ayanJanuary 6, 2022 at 8:06 AM

    Today, I was just browsing along and came upon your blog. Just wanted to say good blog and this article helped me a lot, due to which I have found exactly I was looking. 바카라사이트

    ReplyDelete
  8. ayanJanuary 6, 2022 at 8:07 AM

    Keep up the good work , I read few posts on this web site and I conceive that your blog is very interesting and has sets of fantastic information. 토토 사이트

    ReplyDelete
  9. AnonymousJanuary 28, 2022 at 3:28 PM

    webgirls In relation to fighting candidiasis, victims usually have their function reduce on their behalf. The reason being infections can simply become long-term and on-going. With that in mind, in this article, we are going to provide a selection of the best verified candida treatment and reduction recommendations close to.

    ReplyDelete
  10. AnonymousFebruary 4, 2022 at 2:09 PM

    https://gamebegin.xyz It is possible to process alone. A pitching equipment permits you to set up the speed in the ball. By loading many baseballs in the device, you may training hitting without needing a pitcher. This electronic machine is great for all those who would like to practice baseball by itself. Pitching devices may be found on your local athletic products retail store.

    ReplyDelete
  11. AnonymousFebruary 5, 2022 at 11:35 AM

    https://gameboot.xyz You can see them on publications and on Tv set, individuals who appear like their biceps and triceps and thighs and legs will explode as their muscle groups are really big! There is absolutely no will need so that you can consider the body to that particular level when you don't desire to, as being the easy methods in the following paragraphs will help you construct muscle tissue in the healthful approach.

    ReplyDelete
  12. zarkazijarAugust 29, 2022 at 9:00 AM

    Really an amazing blog, thank you a million times for sharing this with all of us, you actually realize what you are talking about! how to get nda past questions, visit Best Rated Educational Update Portal in the World; Examination and Academic Guide, High Paying Jobs & Scholarship  Website.

    ReplyDelete

Subscribe to: Post Comments (Atom)