PRACTICAL ILLUSTRATION-1

Enter the following transactions in tally

1. cash sales Rs.40,000

2. credit sales to y Rs.20,000
3. cash purchases Rs.10,000
4. credit purchases to Deepu Rs.15,000
5. Salaries paid Rs.5000
6. Deposited cash into SBI Rs.1, 000

PRACTICAL EXERCISE-2
When Credit Purchases and Sales are given]

Enterthe following Transactions in Tally:

1. Uday started business with capital Rs. 1, 00,000 by way of bank cheque.
2. He purchases materials for business Rs. 20,000 in cash
3. He bought materials for business Rs. 10,000 on credit from X
4. He sold goods to Y on credit Rs 50,000
5. He sold goods for cash Rs 60,000
6. He paid salaries Rs. 20,000 by way of cheque.
7. Received cash from Y Rs 49,000 and discount allowed Rs 1,000
PRACTICAL EXERCISE-3
When returns on purchase or sales are given

Laxman started business with 1, 00,000. The following are the transactions in his
business
1. He purchases goods Rs. 40,000 and paid 10% import duty on
purchases
2. He paid carriage on purchases Rs. 2,000
3. He sold goods to Ramu on credit Rs. 50,000 plus 10% excise
duty+10% sales tax. (The sales tax includes sales value and excise
duty)
4. Ramu returned goods worth Rs 5,000
5. He purchases goods worth Rs. 20,000 from ‘Z’ on credit
6. He returned goods worth Rs. 1,000 to Z
7. He paid rent Rs 10,000
8. He paid packing charges Rs 5,000
9. He paid brokerage on sale Rs. 2,000
10. He sold old news papers in office for Rs. 100
 PRACTICAL EXERCISE-4
When many adjustment entries are given
Record the following transactions of Bansal in Tally
1. Goods worth Rs. 10,000 were destroyed by fire. The Federal Insurance Co.
accepted the claim only for Rs. 80,000
2. Rs.2, 000 bad debts written off during the last year were received in this
year.
3. Insurance expenses are outstanding to the extent of Rs500
4. Outstanding salary is Rs.1000
5. Wages paid Rs.5000. It is known that the wages include Rs.500 for erection
of machinery in the factory.
6. Cash embezzled by employees Rs.2000
7. Goods worth Rs.5000 were stolen
8. Purchases goods worth Rs.50,000
9. The above purchases include purchase of furniture worth Rs.5000
10. Travelling expenses paid Rs.5000
11. Travelling expenses of Rs.500 for bringing the machinery into factory were
debited to traveling expenses.
12. Goods worth of Rs.5000 were sent on consignment basis to satyam & co.
(Nagpur).

PRACTICAL EXERCISE-5
Stock items recording where there is no stock at the end.

Vaibhava Trading Co. Ltd. Deals with purchasing and selling books. It
deals only with two types of books, Viz, Computers and personality
Development.

The following are the transactions during the year.

4/01/02 Started business with cash Rs.1, 00,000
5/01/02 Purchased printing Machinery worth Rs.40, 000
8/02/02 Bought 100 copies of computer books @ Rs.200 each from
venkat & co.
12/03/02 Bought 500 copies of personality development books @ Rs.100
each
15/04/02 Sold 100 copies of computer books to Sharma Ltd # Rs.300
each on credit
16/04/02 Sold 500 copies of personality development books @ 150 each
on cash basis
24/07/02 Paid cash Rs.50, 000 to venkat & Co.
30/09/02 Received Rs.20, 000 by way of cheque from Sharma Ltd.
30/11/02 Paid salaries Rs.10, 000
 PRACTICAL EXERCISE-6
When stock groups are to be created.

The following are the transactions of Andhra Co. Ltd.

*Started business with cash Rs.2, 00,000
*Purchased 100 liters of coconut oil @ Rs.100 per liters from Kerala Co. Ltd.
*Purchased 500 soaps @ Rs.50 each from Hindustan Lever Ltd.
*Purchased 1000 @ Rs.20 each detergent soaps from Nirma washing Co.Ltd
*Purchased 1000 kg s of rice @ Rs.15 per Kg on cash basis from Konaseema
Rice Ltd.
*Purchased 500 kg s of rice Rs.20 per Kg. from Punjab rice Ltd.
*Sold 400 soaps @ Rs.60 each to ‘X’ Ltd.
*Sold 1000 Kg s of rice @ 20 each to ‘Y’ Ltd.
*Sold 800 liters of coconut oil on cash basis @ Rs.125 each.
*Purchased Furniture Rs.5000
*Sold 1000 detergent soaps on cash basis @ Rs.25
*Purchased Weighting machine for Rs.2000
*Charge depreciation on furniture and weighing machine @ 10% each
*Returned 10 liters of coconut oil to Kerala Co. Ltd due to expiry date,
*Paid Rent Rs.2000 by cheque.
*Paid sales promotion expenses Rs.5, 000
*Cheque received from ‘X’ Ltd. Rs.20, 000
*Cash received from ‘Y’ Ltd. Rs.15, 000
*Cheque sent to Kerala Co. Ltd. For Rs.8000
*Cash given to Hindustan Ltd. Rs.25, 000
*Cheque sent to Nirma washing Co. Ltd. Rs.20, 000

VAT EXERCISE-7

Record the following Transactions in Tally 7.2

1. Pradeep started business with Rs.1,00,000

2. He deposited Rs.50,000 into SBI
3. Purchased goods from Laxman for Rs.30,000 and paid Input
Vat @ 4%
4. Cash Purchases goods for Rs.20,000 and paid input vat 1%
5. Purchased Exempted goods from Sharma for Rs.25,000
6. Sold 4% goods to paramatma for Rs.50,000 and charged
Output Vat 4%
7. Sold 1% goods to Venkat for Rs.25,000 and charged Output
Vat
8. Sold exempted goods to Laxmi for Rs.40,000
Calculate the amount of output, Input and Vat payable to
Government.
 VAT EXERCISE-

Record the following Transactions in Tally

1. Ramdas started business with Rs.4,00,000 with his bank balance at SBI
2. Purchased the following Electronics Items and paid 4% Vat by SBI cheque.
(a) Radios 50 @ Rs.2,000 each
(b) TVS20 @ Rs.10, 000 each
3. Purchased the following items from Super Electronics at 4% Vat
(A) Radios 20 @ Rs.1,000 each
(b) TVS10 @ Rs.5, 000 each
He offered 5% discount on the above purchases.
4. Sold the following items to Suguna Enterprises @ 4% Vat
(a) Radios 60 @ Rs.2000 each
(b) TVS20 @ Rs. 10,000 each
He was given a discount of 2% on above items
5. Sold the following items on cash basis with @ 4% Vat and taken SBI
Cheque for the amount.
(a) Radios 10 @ Rs.2500 each
(b) TVS10 @ Rs.21, 000 each
Show the amount of Input, Output Vat and Vat payable to Government.