PRACTICAL 1

PRACRICAL WORK 1

TALLY-9 ERP

1. Create a Company as “Sagar Industries Ltd.” in Tally with inventory management.

2. Pass the following Entries :-

(i) Sagar started “Sagar Industries Ltd.” by bringing Capital Rs.3,00,000/- Cash.

(ii) He deposited Rs.1,00,000/- cash at ICICI bank.

(iii) He paid electricity bill for Rs.1,200/- by cash.

(iv) He withdrawn Rs.10,000/- cash for his personal use.

(v) He purchased the following item from Computer Lab. Ltd. on credit with 4% Vat rate. (a) Computer - 10 Nos. - @20000/- each

(vi) He sold the following item to Somnath Traders in cash with 4% Vat rate.

(a) Computer - 5 Nos. - @27500/- each

(vii) He received Rs.6,000/- as commission from Rohit by cash.

(viii) He paid House Rent for Rs.5,000/- by cash.

(ix) He withdrawn Rs.25,000/- cash from ICICI Bank.

(x) He purchased furniture for Rs.25,000/- by cash for office use.

3.Show the Trial Balance and Balance Sheet of “Sagar Industries Ltd.”

4.Show the Vat Computation report of the above company.

5.Show the Cash Book & Bank Book of the company.

6.Show the Day Book.

E- MAX COMPUTER EDUCATION