INFOPARK ZONE TALLY ERP 9 GENERAL QUESTIONS EXERCISE

INFOPARK ZONE TALLY ERP 9 GENERAL QUESTIONS EXERCISE

1-4-2009	Mr. Swayam Satpathy started a Swayam Agencies by bringing in Capital of Rs.15,00,000 by cheque and deposited the same in ICICI Bank by opening a new account. Note :     Mr. Swayam Satpathy wants to have separate Vouchers for Bank Payment and Receipts. He also wants separate Serial Numbers to be displayed for Bank Receipt (i.e. BK-REC / 001 / 08-09 )and Bank Payment (i.e. BK-PMT / 001 / 08-09 ). Hence, Two new Voucher Types – Bank Payment under Payment and Bank Receipt under Receipt – have to be created.
3-4-2009	Mr. Swayam withdrew Rs.50,000 cheque for Shop Expenditure from ICICI Bank . ( Cheque No-123451)
5-4-2009	Mr. Swayam purchased Furniture and Fixture worth Rs. 1,50,000 for the Shop by cheque. (Ch. No-123452)
8-4-2009	Mr. Swayam rented a premises on 1-4-2009 for his business at Rs. 3,500 per month. He paid a Security Deposit of Rs.25,000 by cheque. ( Ch. No-123453)
10-4-2009	Mr. Swayam issued a cheque to  purchase the following Assets. ( Ch. No-123454)
12-4-2009	Mr. Swayam has appointed the following people. Name Designation Monthly Salary Rahul Bhatt Sales Executive 4,000 Jairam Sengupta Salesman 3,500 Shishir Mathur Accountant 2,500 Ajith V Nair Clerk 1,500 Ajith is also in charge of Petty Cash and submitting the statement of Expenses at the end of every monty. Note : No Entry is required because this is not an Accounting Transaction.
20-4-2009	Mr. Swayam Purchased the following Items from A2Z Traders on Credit. Item Quantity Rate Value Input VAT Total High Capacity Stabilizers 100 600 60,000 12.5% 67,500
21-4-2009	Mr. Swayam Purchased the following Items from A2Z Traders on Credit. Item Quantity Rate Value Input VAT Total High Capacity Stabilizers 100 400 40,000 12.5% 45,000 Open Well Pumps 50 1500 75,000 4% 78,000 Submersible Pumps 100 2000 2,00,000 4% 2,08,000 Gross Total 3,31,000
22-4-2009	Mr. Swayam paid Carriage Inward Expenses of Rs.500 in cash on purchase made on 20-4-2009 and 21-4-2009.
27-4-2009	Mr. Swayam transferred Rs. 10,000 to Petty Cash from Cash to meet the day to day expenses.
28-4-209	Mr. Swayam withdrew Rs.5,000 in cash for personal use.
30-4-2009	VAT adjustment entry.
30-4-2009	Make an entry for the Salary Due of all staff for the month of April 2009. The details are as follows : Name Salary Paid Number of Days Rahul Bhatt Rs. 2,400 18 Jairam Sengupta Rs, 2,100 18 Shishir Mathur Rs. 1,500 18 Ajith V Nair Rs. 900 18 Note : Create the all above individual staff Ledger Account under Loan & Advance ( Asset)
1-5-2009	Mr. Swayam paid Salaries through cheque for April 2009 . ( Ch. No-123455). The details are as follows : Name Salary Paid Number of Days Rahul Bhatt Rs. 2,400 18 Jairam Sengupta Rs, 2,100 18 Shishir Mathur Rs. 1,500 18 Ajith V Nair Rs. 900 18 Note :     Cost Center has to be created in each employee’s name. Ensure that Maintain Cost Centers is set to YES in F11 : Features > Accounting Features.
2-5-2009	Mr. Swayam paid Rs.2500 in Cash for stationery, printing invoices and vouchers to Cannon Traders.
3-5-2009	Mr. Swayam received the statement of expenditure from the Petty Cashier for April 2009. the statement is as follows : Name of Expenses Amount (Rs.) Printing & Stationery 2,500 Cell phone bill 600 Shop maintenance Expenses 450 Conveyance expenses for Marketing Executives
6-5-209	Mr. paid Rs. 3,500 by cheque towards Shop Rent for April 2009. (Ch. No-123456) Note : Set  the field Cost Center are applicable ? to No at the time of  creating Ledger Printing Shop Rent.    Make an entry of the Transaction in a Payment Voucher ( F5 ) : Bank Payment Header Account : ICICI Bank Line Account ( Particulars) : Rent Expenses à Rs.3,500 To see the Bank Payment Voucher Screen (See Transaction Dated : 10-04-2009 )
10-5-2009	Mr. Swayam sold the following items for Cash. The details are as follows : Item Quantity Rate Value Output VAT Total High Capacity Stabilizers 50 850 42,500 12.5% 47,813 Open Well Pumps 15 1700 25,500 4% 26,520 Gross Total 74,333 Step-1 : Make an entry of the transaction in a Sales Voucher ( F8) : Go to Gateway of Tally à Accounting Vouchers à F8 : Sales displays the Sales Voucher screen. Note : 1.         Ensure that As Invoice and Item Invoice buttons are activated. This is because the sales entry has to be recorded as an item invoice. 2.         Ensure that in F12 ( Configuration) in Sales Voucher ,
15-5-2009	Mr. Swayam issued a cheque to A2Z Traders for Rs.3,96,500 after deducting the Discount of Rs. 2,000. He receive a Discount as he agreed to pay the entire Bill Amount. ( Ch No-123457)
28-5-2009	Mr. Swayam withdrew Rs. 4,000 in cash for personal use.
30-5-2009	Mr. Swayam received the statement of Expenditure from the petty Cashier for May 2009 . the statement is as follows : Name of Expenses Amount (Rs.) Cell phone bill 1,500 Shop maintenance Expenses 200 Conveyance expenses for Marketing Executives 800
31-5-2009	VAT adjustment entry.