13- Withdraw Cash from SBI A/C -298 for office use against cheque 297006 dt 15/2/2012
14-Purchased Laptop for Credit from M/s Dabar & co
15-Paid Salary to Mr Harish Through SBI a/c 298
16-Discounted a Cheque of Rs 4000/-of Mr Dinesh kumar @Rs 10/-per thousand and deposited into PNB a/c
17- Amar singh cheque of Rs 1250/- deposited into PNB A/C 654
18- Amar singh cheque of Rs 1250/- deposited into PNB A/C 654 and dishonoured by the bank on due date
19-Received a PNB Cheque from Sohan Lal & Endorsed in favour of Mohan Lal a/c
20-Paid a SBI Cheque to Ram Saran for Cash purchase of Furniture for Office Use
12-WITHDRAW CASH RS 1000/- FROM THE PNB A/C FOR PERSONAL USE
11-DISCOUNT OF RS 1500/- RECEIVED FROM RAMESH KUMAR
10-ISSUED TO MR DINESH KUMAR SBI CH: 564890 DT : 5/6/2012 FOR RS 25000/-
9-Mr MAHENDER KUMAR PURCHASED A MARUTI CAR FROM M/S MARUTI UDHYOG BY SBI CH : 297004 DT 5/1/2012
FOR RS 5,00,000/-
8-RAMESH TOOK A CAR LOAN OF RS 2,50,000/-FROM ICICI BANK ON DATED :15/3/2010 AND TODAY HIS
CAR LOAN A/C SHOWS AN OUTSTANDING BALANCE OF RS 25,550/- INCUDING INTEREST AS ON DATE.
.HE HAS DEPOSITED THE MONEY AS PER DETAIL AS UNDER :-
A-CASH DEPOSITED : RS 5550/- B- : ISSUED A CHEQUE FROM HIS PNB -SAVING BANK A/C : RS 20,000/-
7-GOODS SOLD ON CREDIT TO RAM KUMAR RS 10,000/- & DINESH KUMAR FOR RS 15,000/-
6-RECEIVED FROM MR CHANDER SBI DRAFT OF RS 15000/- + PNB CHEQUE RS 10,000/- & CASH RS 25000/- AND ALL AMOUNT DEPOSITED IN THE OUR CURRENT A/C IN -BANK OF BARODA
5-PAID RS 50,000/- TO MR MAHESH KUMAR AGAINST HIS PENDING BILL 345 DT 10/2/2010 AS PER DETAIL BELOW
A-ISSUED A SBI CHEQUE RS 10,000/- B-ISSUED A PNB CHEQUE RS 20,000/- C-PAID CASH RS 20,000/-
4-PURCHASED LAP TOP COST PRICE RS 35000/- FROM M/S JAIN COMPTERS AS PER DETAIL AS UNDER
A-SBI CH NO :345623 DT 12/4/2012 OF RS 15000/- B-PAID HIM CASH RS 20,000/-
3-RECEIVED CASH RS 5000/- FROM MR ASHOK KUMAR AGAINST HIS PENDING BILL NO 98 DATED :25/1/2012
2-FDR OF RS 100000/- ISSUED BY SBI IN FAVOUR OF Mr. MOHAN KUMAR BY DEBITING HIS SAVING BANK A/C WITH THEM AS PER HIS STANDING INSTRUCTION.
1-CASH DEPOSITED INTO SBI A/C BY THE ACCOUNTANT OF M/S BHARAT FURNTURE
21-Return Inward Dr
To Purchase a/c
22-Party a/c Dr
To Return Outward
23-Party a/c Dr
To PNB
24-Purchase a/c
To Return Outward
To Supplier
25-Mahesh a/c Dr
To Credit Sales
To Return Inward
26-Dinesh A/c Dr
Bank Charges Dr
To PNB
27-Drawing A/c
To SBI
28-Party a/c Dr
To Purchase
29-PNB A/C Dr
To Sales a/c
30-Cash a/c Dr
To Dividend a/c
31 Mahesh Dr
To Credit Sales
To Return Inward
32-SBI A/c Dr
To Bank charges
To Mahesh a/c
33-SBI A/C Dr
To Fixed Deposit
To Intrest a/c
34-PNB A/c Dr
To Car
To Interest a/c
35-Car Loan a/c
To Cash Credit a/c
36-Fixed Assets Dr
To Depreciation a/c
37-Dividend Recd a/c Dr
To Bank a/c
38-Loss of Assets Dr
To Capital a/c
39-Sales of Assets Dr
To PNB A/C
40-Car a/c Dr '
To Depreciation
To Cash
41-LIC Policy Dr
To PNB a/c
42-FDR Dr
To PNB
43-Prepaid Rent Dr'
To Rent a/c
44-Saving Bank A/c Dr
To FDR
45-Saving Bank A/c Dr
To Cash
46-Salary a/c Dr
To Prepaid Salary
47-Prepaid Rent Dr
To Rent A/c
48-FDR A/c Dr
To Car Loan a/c
49-Car Loan a/c Dr
To FDR
50-FDR A/c Dr
To Interest
To PNB
51-Loss of Cash due to Theft a/c Dr
To PNB a/c
52-Purchase a/c
To VAT
To Mahesh
53-Purchase a/c
To Return Inward
54-Manish a/c Dr
To Purchase a/c
55-Purchase A/c Dr
Akbar A/c
56-Cash Credit A/c Dr
To Saving Bank
57-Rent Dr
' To Outstanding Rent
58-Rent Dr
To Fixed Deposit a/c
59-Fixed Deposit Dr
To Cash Credit a/c
60-Rent a/c Dr
Prepaid Rent a/c
61-Outstanding Wages is
62-Patent and Trade Marks are
63-Prepaid Rent is
64-Return Inward is Debited from
65-Return Outward is debited from
66-Fixed Deposit is
67-Interest on FDR is
68-Interest on Overdraft is
69-Cash in Hand is
70-Bank Overdraft a/c is
71-Discount Paid to Sundry Debtors
72-Discount Received from the Sundry Creditor
73-Prepaid Expenses Dr
To Expenses
74-Expenses a/c Dr
To outstanding Exp
75-Saving Bank a/c Dr
To Interest a/c
76-Interest on FD Dr
To FDR
77-Capital Dr
To Interest on Capital
78-Bank OD Dr
To Interest on Bank OD
79-Depreciation a/c Dr
To Furniture
80- Cash a/c Dr
To Loss of Cash due to theft
INDIRECT TAXATION
QUESTIONS BASED ON VAT
81- VAT Means
82- Total Categories under VAT are
83-VAT on Goods Sold is called
84-VAT On Purchase is called
85-Out Put Vat - Input Vat =Vat PAYBLE
86-VAT on gold is
87-while calculating VAT in Tally 9.0 all items are created under
88-Kilogram (Kg) in Tally accounts is created under the head
89-Purchase 4 % is Covered under the Head
90-Sales 12.5% is covered under the Head
91-input Vat 4% is coverd under the head
92-Output Vat 12.5% is Covered under the Head
93-Purchase From ABC
Refined Ghee -4% Vat 10 KG @ 50/- per kg
Mustard Oil -12.5% Vat 10 KG @ 60/- per Kg
Calculate Vat on Purchase
94-Sale to KBC
Refined Ghee -4% Vat 12 KG @ 55/- per kg
Mustard Oil -12.5% Vat 14 KG @ 85/- per Kg
at Discount of 2%
Calculate Vat on Sales ?
95-VAT PAYABLE WILL BE
96-Vat Payable a/c Dr
To Bank a/c
97-KBC a/c Dr
To Sales a/c
To Vat Payble
98-KBC A/c Dr
To Input Vat
To Sales a/c
99-ABC A/c Dr
To Input Vat
To Sales a/c
100-Purchase A/c Dr
Input Vat a/c Dr
To ABC a/c
101-PNB a/c Dr
VAT Payable
102-Vat Payable Dr
To PNB
103 Output Vat Dr
To Input Vat
To Vat Payable
104 Input Vat Dr
To Out Vat
To Vat Payable
105-Vat Payble Dr
To PNB
TDS
106-TDS Means
107-Gupta Associates a CA firm took a Audit work in the Financial Year 2010-11 of an Manufacturing Company
named M/s Birla Cement -Delhi Professional Services Charges -Rs 25000/-
Calculate the TDS ?
108-TDS On Intenal Audit will be covered under the Accounts Head
109-Internal Audit Expenses Dr
To Swayam Associates
To TDS on Internal Audit Fees
110-Swayam Associates Dr
To Audit Expenses
To TDS on Internal Audit Fees
111-TDS on Internal Expenses Dr
To PNB
112-Swyam Associates CA Firm will be covered under the Account Head
113-TAN Means
114-TAN is a Alphanumeric number having total digits
115-TDS is one of the modes of collecting Income Tax
SERVICE TAX
116-Delhi Computer services raised an invoice on M/s Noida Exports for Maintenance services for an amount of Rs 10000/- plus 12.36% service tax ,
Calculate the Total Service Tax ,Cess and Sec Cess?
117- Service Tax on Computer Maintenance will be covered under
118-Sales- Maintenance of Computer will be covered under
119- Out put Service Tax Dr
To PNB
120-PNB Dr
To output Service Tax
FUNCTION KEYS -TALLY SOFTWARE
121- Contra Voucher
122-PAYMENT VOUCHER
123-SALES VOUCHER
124-JOURNAL VOUCHER
125- Credit Note Voucher
126-Purchase Voucher
127-Duplicate Voucher
128-To select the Cost Centre
129-TO Select the Ledger
130-To Select the Company
TALLY GROUPS
131-Office Equipments
132-Security Deposit- Phone
133-HDFC Bank
134-Pre-paid Insurance
135-Income Tax Payable
136-Telephone Charges payale
137-Withdrawls
138-wages payable
140-Car hiring charges
140-Professional Charges
141-Subscriptions expenses
142-Fixed Deposit
143-Depreciation
144-Interest on FDR
145-Security Deposit-Office
146-Loss of Cash due to theft
147-Commission on Bank Draft
148-Locker Rent
149-VAT
15-Bills Receivables