DISTANCE EDUCATION
B.Com. (CA)/B.Com. (Lateral) DEGREE EXAMINATION,
MAY 2016.
LAB III — ACCOUNTING PACKAGE
(2005 onwards)
Time Three hours Maximum 100 marks
The examiner should give one question to each candidate by lot
system.
1. From the following balances prepare trading and profit
and loss account for the year ending 31-12-2006 and
balance sheet as on that date.
Debit balance Rs. Credit balance Rs.
Salaries 5,500 Creditors 9,500
Rent 1,300 Sales 32,000
Cash 1,000 Capital 30,000
Debtors 40,000 Loan 10,000
Sundry expenses 600
Purchases 25,000
Building 2,500
Bank balance 5,600
81,500 81,500
Adjustments
Closing stock Rs. 900
Salary outstanding amounted to Rs.1,100
Rent paid in advance Rs. 100
Provided for doubtful debts against debtors.
Sub. Code
35
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2. Create ledger accounts and enter the following amount in
the respective heads of accounts.
Particulars Debit Credit
Rs. Rs.
Opening stock 35,000
Salaries 20,000
Sundry debtors 50,000
Wages 16,000
Rent 10,000
Sales 2,01,200
Capital 1,00,000
Sundry creditors 24,000
Bills payable 22,000
Machinery 60,000
Purchases 1,20,000
Cash 1,200
Furniture 15,000
Bills receivable 20,000
3,47,200 3,47,200
3. From the following information prepare profit and loss a/c
of a trader for the year ending 31-3-2009 by using any
accounting package
Rs.
Gross profit 10,00,000
Salaries 20,000
Wages 2,000
Carriage inward 4,000
Freight inward 6,000
Freight outward 10,000
Discount allowed 2,000
Discount received 4,000
Dividend received 6,000
Interest allowed 3,000
Interest received 8,000
Rent paid 8,000
General expenses 2,000
Cut here
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4. Enter the following Voucher entry in Tally.
2007 January 1 Started business with Rs. 25,000
2 Deposited into bank Rs.23,500
3 Goods sold for cash Rs. 500
4 Cash purchases Rs. 5,000
6 Cash sales Rs. 10,000
7 Paid salaries Rs. 20,000
8 Paid rent Rs. 4,000
9 Sold goods to Ramu Rs. 300
10 Goods worth Rs. 250 taken from
shop for personal use
5. Implement the following problem using Tally accounting
package.
Debit balance Rs. Credit balance Rs.
Stock 10,000 Capital 22,000
Debtors 8,000 Creditors 12,000
Machinery 20,000 Bank O/D 14,000
Cash in hand 2,000 Purchase
Sales return 8,000 return 4,000
Miscellaneous expenses 12,000 Sales 44,000
Purchases 26,000 Bills payable 10,800
Wages 10,000 Outstanding
Salaries 12,000 salaries 1,400
Prepaid insurance 200
1,08,200 1,08,200