Tally (ERP)9.0 Practice set Paper 3 with Ledger Entry & Journal Entry

Questions of Journal Entry

1-04-2022: Albert Start his business with Rs 50,000/- He opens a bank account and deposit Rs. 20,000/-

2-04-2022: Bought furniture for Rs. 5000/- & machinery for Rs. 10000/-

3-04-2022: Purchase goods for Rs. 14000/-

4-04-2022: Sold goods Rs. 8000/-

5-04-2022: Purchase goods from Malhotra & Company Rs. 11000/-

6-04-2022: Paid Telephone rent the year by the cheque Rs. 500/-

7-04-2022: Bought one typewriter for Rs. 2100/- from Universal typewriter company one credit

8-04-2022: Sold goods to Keshav Ram for Rs. 12000/-

9-04-2022: Sold goods to cash for Rs. 2000/-

10-04-2022: Amount withdraw from bank for personal use Rs. 1500/-

11-04-2022: Received cash from Keshav Ram Rs. 11900/- and discount allowed Rs. 100/-

12-04-2022: Paid bank Rs. 5800/-

13-04-2022: Bought Rs. 50/- Shares in xy & company Ltd at Rs. 60/- per share brokerage paid Rs. 20/-

14-04-2022: Goods with Rs. 1000/- found defective were returned to malhotra & company and balance of the amount due to them settled by issuing a cheque in their favour .

15-04-2022: Sold Rs. 20/- shares of xy & company Ltd at Rs. 65/- per share, brokerage paid Rs. 20/-

16-04-2022: Bought goods wroth Rs. 2100/- from Ramesh and supplied tham to Suresh Rs. 3000/-

17-04-2022: Suresh returned goods wroth Rs. 100/- which in turn were sent to Ramesh .

18-04-2022: Paid a cheque Rs. 1000/- in Land rent paid salary Rs. 1500/- & received from Travelling      salesman Rs. 2000/- for goods sold by him after deducting the Travelling expenses Rs.100/-

Tally (ERP)9.0 Practice set Paper 3 with Ledger Entry & Journal Entry

 

Ledger Entry 

Name of Ledger_______Under Group

Capital A/C—————–Capital A/C

SBI A/C——————— Bank A/C

Purchase A/C————— Purchase A/C

Sales A/C——————-Sales A/C

Return Inward A/C——- Sales A/C

Return Outward ——— Purchase A/C

Investment A/C———— Investment A/C

Furniture & Machinery– Fixed Assets A/C

Malhotra & company—-Sundry Creditor A/C

Ramesh A/C————– Sundry Creditor A/C

Suresh A/C—————Sundry Debtor A/C

Keshav ram A/C——– Sundry debtor A/C

Telephone Rent A/C— Indirect Expanses A/C

Typewriter A/C——— Fixed Assets A/C

Universal typewriter– sundry Debtor A/C

Drowing A/C———- Current A/C

Discount allowed—– Indirect Exp. A/C

Travelling A/c——— Indirect expanses A/C

Salary A/C————- Indirect Expanses A/C

Rent A/C————— Indirect Expanses A/C

Brokerage A/C——- Indirect Expanses A/C

☺

Journal Entry Paper No-1

F6( Reciept)

To- Capital     Cr. Rs-50,000/-

By- Cash        Dr. Rs-50,000/-

F4( Contra)

To-Cash    Cr. Rs-20,000/-

By- SBI    Dr. Rs-20,000/-

F5(Payment)

By- Machinery & Furniture  Dr. Rs-15000/-

To- Cash                                Cr. Rs-15000/-

F9(Purchase)

To-Cash                Cr. Rs-14000/-

By- Purchase        Dr. Rs-14000/-

F8(Sales)

By-Cash A/C        Cr. Rs- 8000/-

To- Sales A/C       Dr. Rs- 8000/-

F9(Purchase)

To- Malhotra & Com.      Cr. Rs- 11000/-

By- Purchase                    Dr. Rs- 11000/-

F5(Payment)

By-Telephone Rent         Dr. Rs-500/-

To- SBI A/C                    Cr. Rs-500/-

F7(Journal)

By-Typewrite A/C            Dr. Rs-2100/-

To- Universal Typewrite  Cr. Rs-2100/-

F8(Sales)

By- Keshab Ram A/C              Dr. Rs-12000/-

To-Sales A/C                            Cr. Rs-1200/-

F8(Sales)

By-Cash A/C                          Dr. Rs-2000/-

To- Sales A/C                         Cr. Rs-2000/-

F5(Payment)

By- Drowing A/C                  Dr. Rs-1500/-

To- SBI A/C                           Cr. Rs-1500/-

F6(Receipt)

To-Keshav Ram                    Cr. Rs-12000/-

By- Discount                        Dr. Rs-100/-

By- Cash                               Dr. Rs-11900/-

F4(Contra)

To- Cash A/C                        Cr. Rs-5800/-

By- SBI A/C                         Dr. Rs-5800/-

F5(Payment)

By-Investment                    Dr. Rs-3000/-

By-Brokerage                     Dr. Rs-20/-

To- Cash                             Cr. Rs-3020/-

F5(Payment)

By-Malhotra & Com           Dr. Rs-11000/-

To-Return Outward             Cr. Rs-1000/-

To- SBI A/C                        Cr. Rs-10000/-

F6(Receipt)

To-Investment                   Cr. Rs-1300/-

By-Cash                             Dr. Rs-1300/-

F7(Journal)

By-Investment                   Dr. Rs-100/-

To- Profit & Loss              Cr. Rs-100/-

F5(Payment)

By-Brokerage                    Dr. Rs-20/-

To-Cash                             Cr. Rs-20/-

F9(Purchase)

To-Romesh                         Cr. Rs-2100/-

By-Purchase                       Dr. Rs-2100/-

F8(Sales)

By-Suresh                          Dr. Rs-3000/-

To- Sales                            Cr. Rs-3000/-

F7(Journal)

To-Return Inward             Cr. Rs-100/-

By-Suresh                         Dr. Rs- 100/-

F7(Journal)

To-Romesh                        Cr. Rs-100/-

By- Return Outward         Dr. Rs-100/-

F5(Payment)

By-Land Rent                   Dr. Rs-1000/-

To-SBI                            Cr. Rs-1000/-

F5(Payment)

By-Salary                       Dr. Rs-1500/-

To-Cash                          Cr. Rs-1500/-

F6(Receipt)

To-Saleman                    Cr. Rs-2000/-

By-Travelling                 Dr. Rs-100/-

By-Cash                         Dr. Rs-1900/-

* Balance Sheet- 54,100/-

Tally (ERP)9.0 Practice set Paper 3 with Ledger Entry & Journal Entry