SEMESTER 6 TALLY ASSIGNMENT 1
Trial Balance of “Your Name_CU Roll No.” Ltd. as at 01/04/2024
Particulars Dr (Rs.) Cr (Rs.)
A’s Capital 100000
B’s Capital 130000
Loan from HDFC 76400
Building 20000
Furniture and Fixtures 21400
Office Equipment 16000
Motor Car 60000
Stock (Group:- Nokia) 69500
Nokia3310 – 10 pcs. @ Rs. 2800
Nokia3315 – 10 pcs. @ Rs. 3350
Nokia6300 – 1 pc. @ Rs. 8000
Sundry Debtors 98000
AKG Ltd.
B001 Rs. 14000 dt: 23/3/2023
B002 Rs. 18000 dt: 25/3/2023
B004 Rs. 12000 dt: 27/3/2023
B005 Rs. 7000 dt: 30/3/2023
Rs. 47000
TK Info.
B003 Rs. 16000 dt: 28/3/2023
B006 Rs. 13000 dt: 29/3/2023
B007 Rs. 18000 dt: 30/3/2023
Rs. 47000
Cash 14000
Axis Bank 56000
Sundry Creditors 40000
Nokia India:
NI/0021 Rs. 18200 dt: 26/3/2023
NI/0198 Rs. 9600 dt: 28/3/2023
NI/0290 Rs. 12200 dt: 30/3/2023
Outstanding Tax 6500
Outstanding Office Rent 2000
Pass the necessary entries:
1. Received Rs. 25,000 in cash and Rs. 24500 by cheque no. 984567 from AKG Ltd. after full
and final settlement of Bill No. B001, B002, B004 and 80% of B005.
2. Paid rent Rs. 4,000, out of which Rs. 2,000 is included as outstanding office rent.
SHRI SHIKSHAYATAN COLLEGE Page 1
SEMESTER 6 TALLY ASSIGNMENT 1
3. B introduced his personal shares worth Rs. 50,000 into business.
4. Company sold furniture and fixture worth Rs. 10,000 by cash (written down value is Rs.
8,000)
5. 5 pcs. of Nokia6300 were purchased from Nokia India @ Rs. 8,000 each against Bill No.
NI/0295.
6. Court declared AKG Ltd. insolvent. So company has decided to write off his account.
7. 1 pc. of Nokia6300 was returned to Nokia India since it was defective.
8. 8 pcs. of Nokia3310 @ Rs. 3000 each, 8 pcs. of Nokia3315 @ Rs. 3600 each and 5 pcs. of
Nokia6300 @ Rs. 9000 were sold to KPL InfoTech against Bill No. B008.
9. 1 pc. of Nokia3310 and 1 pc. of Nokia3315 were returned by KPL InfoTech as those were
defective.
10. TK Info agreed to pay Rs. 18,000 [Bill No. B007] directly to Nokia India after full and final
settlement in against the bill no. NI/0021 (Rs. 18,200).
11. Axis bank credited interest Rs. 5,000 and charged Rs. 100 for credit card facility.
12. Paid salary Rs. 2,000 and electricity charges Rs. 1,000 by cash.
13. Stationeries purchased from Wilson Co. for Rs. 1,000.
14. Rs. 1,000 cash withdrawn from Axis Bank.
15. Depreciation charged to Furniture and Fixture @ 10%, Motor Car @ 5% and Office
Equipment @ 3% (on current balance).
SHRI SHIKSHAYATAN COLLEGE Page 2
