Tally Important Questions for Student (Made Easy)

Problem - 1

Mr. Bimal has the following transactions in the month of April.Write Journal Entries for the transactions.

10th April :Commenced business with a capital of 1,00,000

11th April :Purchased goods from Raj for 20,000

13th April :Purchased Goods for Cash 15,000

14th April :Purchased Goods from Abhiram for cash 9,000

16th April :Bought Goods from Shyam on credit 12,000

17th April :Sold goods worth 15,000 to Tarun

19th April :Sold goods for cash 20,000

20th April :Sold goods to Utsav for cash 6,000

21st April :Sold goods to Pranav on credit 17,000

22nd April :Returned goods to Veeru 3,000

23rd April :Goods returned from Tarun 1,000

25th April :Draw cash  for personal use 1,000

26th April :Bought Land for 50,000

27th April :Purchased machinery for cash 45,000

28th April       :Bought computer from Intel Computers for                

                         25000       

28th April :Cash Sales 15,000

29th April :Cash Purchases 22,000

30th April :Bought furniture for proprietor's residence and 

                         paid cash 10,000

Problem - 2

Journalise the following transactions in the books of Rama & Sons

3rd May :Cash deposited into bank 60,000

4th May :Loan given to Bhuvan 20,000

4th May :Paid cash to Veeru 20,000

5th May :Paid to Veeru by cheque 15,000

5th May :Cash received from Tarun 12,000

5th May :Took loan from Anush 15,000

6th May :Cheque received from Pranav 15,000

6th May :Paid to Intel Computers by cheque 17,000

6th May :Withdrew from bank 5,000

7th May :Withdrew from bank for office use 8,000

7th May :Cash received from Bhuvan on loan account 10,000

8th May :Withdrew from bank for personal use 1,000

8th May :Cash taken by proprietor for personal use 3,000

9th May :Bought furniture and paid by cheque 15,000

9th May :Paid to Anush by cheque on loan account 5,000

9th May :Brought additional capital of 25,000

Problem - 3

Write journal entries in the books of Chikky & Bros.

10th June  :Paid wages 12,000

11th June  :paid rent by cheque 10,000

13th June  : Paid salary to Mr. Charan 12,000

14th June  :Purchased stationery from Kagaz & Co. and paid

                         by cheque 5,000

15th June       :Received interest 14,000

17th June       :Received commission by cheque 6,000

18th June       :Rent received from Mr. Mody 8,000

19th June       :Interest received from Mr.Bijju by cheque 10,000

20th June       :Carriage paid on purchase of goods 3,000

22nd June      :Carriage paid on sale of goods 2,000

Problem – 4

Journalise the following transaction in the books of Ram. Post them in the ledger and balanced the various accounts opened in the ledger.

April-2      :Ram started his business with Cash Rs. 70000.

April-3      :Deposited in to Bank Rs. 50000.

April-4      :Purchased goods for cash from Mr. X Rs. 5000.

April-5      :Bought goods on credit from Mr. Y Rs. 6000.

April-6      :Returned goods to Mr. Y Rs. 1000.

April 10     :Sold goods for cash to Mr. A Rs. 6000.

April-15    :Sold goods to Mr. B Rs. 6000.

April-16    :Mr. B returns goods Rs. 1000.

April-17    :Drew from Bank for personal use Rs. 5000.

April-25    :Paid to Mr. Y in full Settlement by Cheque Rs. 4800.

April-26   :Received a cheque from Mr. B in full settlement Rs.

                           4900.

April-27  :Draw cash from bank for office use Rs. 10000.

April-30  :Draw cash for personal purpose Rs. 5000.

April-30  :Paid salary to staff Rs. 5000.

April-30  :Issued a cheque for Rs. 3000 in favour of Shri Devi a  

                 landlady towards rent for April.

April-30  :Withdraw goods for personal use Rs. 1000.

Problem – 5

1. Prepare Journal Entries
2. Business started with cash in Hand Rs. 5,00,000, SBI Bank Balance Rs. 40,0000.
3. Goods purchased from Ganesh Traders of Rs. 30,000 on Credit.
4. Goods Sold to Him star Enterprises Pvt. Ltd. Of Rs. 30,000 & Cash received Rs. 16,000.
5. Electricity Charges Paid Rs. 4,000 & Telephone Charges Rs. 2,500 on the same date.
6. Plant & Machinery purchased from Ramesh Agro & Sales Co. of Rs. 2, 50,000 & Made partial Payment of Cash Rs. 1, 00,000.
7. Furniture purchase on Cash Rs. 20,000.
8. A cheque of Rs. 1700 as commission provided to us by an Agent for providing him services of solution for technology.
9. SBI Bank charges  Interest Rs. 20,000.
10. Furniture Purchase for Rs. 20,000.
11. Depreciation charge on Plant & machinery Rs. 8000 during the year.
12. Furniture Purchase for Rs. 20,000 was depreciated @ 10% per annum.
13. Salary due was recorded Rs. 35,000 during the end of year.
14. Cash paid for the travelling expenses Rs. 2000.
15. Cash paid for Audit fee Rs. 20,000.
16. Cash paid for rent Rs. 15,000.
17. Cash paid for salary Rs. 80,000.
18. Cash paid for goods purchased on cash Rs. 3,00,000.
19. Interest received Rs. 2500.
20. Cash sales made of Rs. 4, 00,000.