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The document outlines a practical examination for Tally Accounting Software, focusing on creating an accounting system for 'Shree Krishna Traders'. It includes tasks such as company setup, ledger creation, inventory management, voucher entries, GST configuration, and final report generation. The evaluation criteria emphasize accuracy in setup, entries, GST application, and report presentation.

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24 views3 pages

Que 1

The document outlines a practical examination for Tally Accounting Software, focusing on creating an accounting system for 'Shree Krishna Traders'. It includes tasks such as company setup, ledger creation, inventory management, voucher entries, GST configuration, and final report generation. The evaluation criteria emphasize accuracy in setup, entries, GST application, and report presentation.

Uploaded by

helpline.usha
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Tally Accounting Software – Practical Examination (100 Marks)

Comprehensive Case Study Question

Duration: 2 Hours
Software: Tally Prime

Case Study: "Shree Krishna Traders"

You have recently joined as an accountant for Shree Krishna Traders, a trading company
dealing in electronics. You are required to create the company's accounting system in
TallyPrime from scratch. Use the following details to perform all tasks as practically as
possible.

A. Company Setup (10 Marks)

 Company Name: Shree Krishna Traders


 Address: 12, New Market Road, Pune, Maharashtra – 411001
 Financial Year Begins: 1st April 2024
 Maintain Accounts with Inventory
 Enable GST (Maharashtra registration):
o GSTIN: 27ABCDE1234F1Z5
o Applicable from: 01/04/2024
o Regular Scheme

B. Ledger Creation (15 Marks)

Create the following ledgers under appropriate groups:

1. HDFC Bank (Current Account) – ₹1,00,000 opening balance


2. Capital Account – ₹5,00,000 opening balance
3. Rent Paid (Indirect Expenses)
4. Salary Account (Indirect Expenses)
5. CGST @ 9%, SGST @ 9%, IGST @ 18% (Duties & Taxes)
6. Reliance Distributors (Sundry Creditors)
7. Omkar Electronics (Sundry Debtors)
8. Sales A/c (Sales)
9. Purchase A/c (Purchase)

C. Stock Items & Units (10 Marks)


Create the following inventory:

 Units: Nos.
 Items:
1. LG Smart TV – ₹25,000 (GST 18%)
2. Samsung Refrigerator – ₹30,000 (GST 18%)
3. HP Printer – ₹12,000 (GST 18%)

D. Voucher Entries (40 Marks)

Enter the following transactions for April 2024:

1. 01-Apr: Capital introduced by owner – ₹5,00,000 in cash.


2. 02-Apr: Deposited ₹1,00,000 into HDFC Bank.
3. 03-Apr: Purchased 5 LG TVs and 3 HP Printers from Reliance Distributors @
mentioned price + GST (Credit).
4. 05-Apr: Sold 2 LG TVs and 2 HP Printers to Omkar Electronics on credit.
5. 07-Apr: Paid shop rent of ₹10,000 via bank.
6. 10-Apr: Received ₹30,000 from Omkar Electronics via cheque.
7. 15-Apr: Paid salary ₹15,000 in cash.
8. 20-Apr: Purchased 2 Samsung Refrigerators for cash.
9. 25-Apr: Sold 1 Samsung Refrigerator to Omkar Electronics for cash.
10. 30-Apr: Paid ₹20,000 to Reliance Distributors by cheque.

E. GST Configuration & Application (10 Marks)

 Apply GST for all applicable transactions


 Ensure tax is calculated correctly in invoices
 Ensure ledgers and items are GST-enabled

F. Final Reports (15 Marks)

Print or display the following reports for the month of April 2024:

1. Day Book
2. Ledger – Omkar Electronics
3. Stock Summary
4. GST Computation
5. Profit & Loss A/c
6. Balance Sheet
Evaluation Criteria:

 Correct company and ledger setup – 25 marks


 Accuracy of entries – 40 marks
 Proper use of GST & Inventory – 20 marks
 Presentation of reports – 15 marks

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