TALLY PRACTICAL ASSIGNMENT – 2
Topic: Ledger Creation
🎯 Objective
To help students understand what a ledger is,
learn how to create different types of ledgers in Tally,
and apply basic accounting logic used in real offices.
🎯 Assignment–2: Ledger Creation
🎯 Background
You are working in RKR Trading Company.
Create the following ledgers as per given details.
🎯 Part–A: Basic Ledger Creation
Ledgers to be Created
1. Capital Account
2. Cash Account
3. Bank Account
4. Purchase Account
5. Sales Account
Steps to Create a Ledger
1. Go to Gateway of Tally
2. Select Create → Ledger
3. Enter Ledger Name
4. Select the appropriate Group
5. Enter Opening Balance (if any)
6. Press Ctrl + A to save
🎯 Ledger Details
Ledger Name Group
Capital A/c Capital Account
Cash Cash-in-Hand
SBI Bank Bank Accounts
Purchase Purchase Accounts
Sales Sales Accounts
TALLY PRACTICAL ASSIGNMENT – 5
Topic: Voucher Entry (Practical Questions)
Instruction:
Create vouchers in RKR Trading Company using correct voucher type and ledger selection.
🎯 PART–A: Contra Voucher (Cash & Bank)
Q1 Deposited cash ₹40,000 into SBI Bank.
Q2 Withdrawn ₹25,000 from HDFC Bank for office use.
🎯 PART–B: Payment Voucher
Q3 Paid office rent ₹12,000 in cash.
Q4 Paid salary to staff ₹20,000 through bank.
Q5 Paid electricity bill ₹6,500 by cash.
Q6 Paid advertisement charges ₹10,000 through bank.
🎯 PART–C: Receipt Voucher
Q7 Received ₹30,000 in cash from Rahul Traders.
Q8 Received ₹22,000 by bank from Suman Enterprises.
Q9 Received commission income ₹5,000 in cash.
🎯 PART–D: Purchase Voucher
Q10 Purchased goods worth ₹45,000 from Mohan Suppliers on credit.
Q11 Purchased office furniture for ₹60,000 by bank.
🎯 PART–E: Sales Voucher
Q12 Sold goods worth ₹70,000 to Rahul Traders on credit.
Q13 Cash sales made for ₹28,000.
TALLY PRACTICAL ASSIGNMENT – 9
Voucher Entry Practice
Company: RKR Trading Company
Month: Any Month (Student can choose April / May / June etc.)
MONTH – APRIL
🎯 01 April
1. Capital introduced ₹5,00,000 in cash
2. Deposited ₹1,80,000 into SBI Bank
3. Purchased goods ₹40,000 from Mohan Suppliers (Credit)
4. Cash sales ₹20,000
5. Paid shop rent ₹15,000 in cash
🎯 02 April
6. Paid salary ₹25,000 by bank
7. Purchased stationery ₹4,800 in cash
8. Sold goods ₹35,000 to Rahul Traders (Credit)
9. Received ₹18,000 cash from Rahul Traders
10. Paid electricity bill ₹6,500 in cash
11. Cash withdrawn from bank ₹22,000
12. Bank charges ₹900
13. Bank interest received ₹2,200
14. Drawings (cash) ₹10,000
15. Goods withdrawn for personal use ₹6,000
16. Outstanding salary ₹7,000
17. Depreciation on furniture ₹6,000
🎯 MONTH – MAY
🎯 01 May
1. Additional capital ₹1,00,000 by bank
2. Purchased goods ₹45,000 from Aman Suppliers (Credit)
3. Cash sales ₹24,000
4. Paid office rent ₹16,000 in cash
🎯 02 May
5. Paid salary ₹27,000 by bank
6. Purchased printing & stationery ₹5,200 in cash
TALLY PRACTICAL ASSIGNMENT – 11
Topic: Inventory with Stock Category & Godown
Company Name: Sunrise Enterprises
🎯 PART–A: Unit of Measurement
Assignment–1
Create the following Units of Measurement:
Unit Name Type
Nos Simple
Kg Simple
Carton Compound (1 Carton = 20 Nos)
🎯 PART–B: Stock Group Creation
Assignment–2
Create the following Stock Groups:
1. Electrical Items
2. Grocery Products
3. Office Supplies
TALLY PRACTICAL ASSIGNMENT – 13
Topic: Purchase, Sales, Debit Note & Credit Note (WITH GODOWN
– WITHOUT GST)
Company Name: Starline Distributors
Inventory Mode: Item Invoice
Godown: Enabled
Instruction:
All entries must be passed in Invoice Mode with Godown allocation.
🎯 PART–A: GODOWN SETUP (Pre-Assumed)
Use the following godowns while passing entries:
Main Godown
Branch Godown
Store Room
🎯 PART–B: PURCHASE INVOICE (WITH GODOWN)
Q1 – Purchase Invoice
Purchased goods from Ravi Suppliers (Invoice No. PS/201)
Item Qty Rate Godown
Mobile Charger 30 Nos ₹440 Main Godown
USB Cable 50 Nos ₹145 Main Godown
Bluetooth Speaker 10 Nos ₹1,850 Store Room
Payment: Credit
Q2 – Purchase Invoice
Purchased stationery from Sharma Stationers (Invoice No. PS/202)
Item Qty Rate Godown
Notebook 60 Nos ₹62 Store Room
Pen Box 40 Nos ₹115 Store Room
A4 Paper Pack 25 Nos ₹270 Store Room
Payment: Cash
TALLY PRACTICAL ASSIGNMENT – 16
INVOICE + BILL-WISE WITH GST
(Local & Interstate Mixed Transactions)
Company Name: Unity Traders
GST Registration: Regular
State: Bihar
Mode: Item Invoice
Bill-wise Details: Enabled
Instruction:
Purchase & Sales Item Invoice mode me
Payment & Receipt Bill-wise (New Ref / Agst Ref / On Account)
Local → CGST + SGST
Interstate → IGST
🎯 PART–A: PURCHASE INVOICE (LOCAL – CGST & SGST)
Q1 – Purchase Invoice (Local)
Purchased goods from Ravi Suppliers (Bihar)
Invoice No: RS/301
Item Qty Rate GST
LED Bulb 40 Nos ₹120 18%
Electric Switch 60 Nos ₹45 18%
Nature: Credit (New Ref – RS/301)
GST: CGST + SGST
Q2 – Purchase Invoice (Local)
Purchased stationery from Office Point (Bihar)
Invoice No: OP/214
Item Qty Rate GST
A4 Paper Pack 25 Nos ₹280 18%
File Folder 30 Nos ₹95 18%
Nature: Credit (New Ref – OP/214)
TALLY PRACTICAL ASSIGNMENT – 23
BANK RECONCILIATION STATEMENT
(Full Practical Set – MAY 2009 )
The Following Would Be Recorded In Journal Using Double Entry System.
Do the Posting Process, prepare Trial Balance, Trading A/c, Profit & Loss A/c, Balance Sheet and Bank
Reconciliation Statement in the books of
M/S. PENGUIN PVT. LTD.
For the Month of May 2009
🎯 Opening Balances as on 1-5-2009
Particulars Dr (₹) Cr (₹)
Capital 3,50,000
Cash 1,20,000
Indian Bank 4,83,450
Loan Liability 1,50,000
Bank O/D 48,000
Furniture 30,000
Goodwill 15,000
Bills Payable 2,00,000
Land & Building 50,000
Bills Receivable 1,10,000
Bank Deposit 1,00,000
🎯 SUNDRY CREDITORS:
1. M/s Bright Vision Traders – ₹6,000 (Bill No. BV114)
2. M/s Sky Line Furnishers – ₹9,000 (Bill No. SF209)
🎯 SUNDRY DEBTORS:
1. M/s Royal Star Pvt. Ltd. – ₹18,000 (Bill No. RS318)
2.
3. ACCOUNTING PRACTICAL MCQ
4. (From Basics to GST & Bank Reconciliation Statement)
5. 🎯 PART–A: BASIC ACCOUNTING (1–10)
6. 1. Owner introduced cash into business. Which account is credited?
a) Cash A/c
b) Capital A/c
c) Drawings A/c
d) Income A/c
7. 2. Furniture purchased for cash will be recorded in:
a) Payment Voucher
b) Purchase Voucher
c) Journal Voucher
d) Contra Voucher
8. 3. Which account normally shows debit balance?
a) Capital A/c
b) Income A/c
c) Expense A/c
d) Liability A/c
9. 4. Goods withdrawn by owner for personal use is called:
a) Purchase
b) Expense
c) Drawings
d) Loss
10. 5. Outstanding expenses are shown in:
a) Assets
b) Liabilities
c) Income
d) Capital
11. 6. Prepaid rent is shown as:
a) Expense
b) Liability
c) Asset
d) Income
12. 7. Closing stock appears in:
a) Trial Balance only
b) Balance Sheet only
c) Trading A/c and Balance Sheet
d) Profit & Loss A/c only
ACCOUNTANT INTERVIEW QUESTIONS (FOR FRESHERS)
🎯 SECTION–1: BASIC ACCOUNTING (Must-Ask Questions)
1. What is accounting?
2. What are the golden rules of accounting?
3. Difference between capital and revenue expenditure.
4. What is a journal entry?
5. What is a ledger?
6. What is a trial balance and why is it prepared?
7. What are current assets and current liabilities?
8. What is depreciation? Why is it charged?
9. What is outstanding expense?
10. Difference between profit and loss account.
🎯 SECTION–2: PRACTICAL ACCOUNTING (Office Based)
11. How do you record goods purchased on credit?
12. What is drawings? How is it treated in accounts?
13. What is bad debt?
14. Difference between discount allowed and discount received.
15. How do you record salary paid through bank?
16. What is prepaid expense?
17. Where is closing stock shown?
18. What is rectification of errors?
19. What is contra entry?
20. What is suspense account?