Question 1

Create company name: - Ravi Traders

1) Ravi start a business with Rs.25, 00,000.

2) Cash deposited into SBI Rs.5, 00,000.

3) Rent paid Rs.2500

4) Travelling charges Rs.250

5) Purchased goods for cash Rs.25000 supplier invoice no: 01 With GST 5%

6) Purchased following goods from Gowtham Traders Supplier invoice no: 02with GST 18%

Keyboard 100nos Rs.450

Mouse 100nos Rs.250

7) Carriage inward Rs.750

8) Sold goods for credit to Geetha Enterprises Rs.35000 with Reference no: RT/01/20 GST 12%

9) Sold following goods to Geetha Enterprises Reference no: RT/02/20 GST 18%

Keyboard 50nos Rs.550

Mouse 50nos Rs.350

Packaging charges Rs.4000 Discount 2%

10) Carriage outward Rs.250

11) Paid salary Rs.25000

12) Paid stationary Rs.100

13) Purchased following goods from Gowtham Traders Supplier invoice no: 03with GST 18%

Keyboard 100nos Rs.450

Mouse 100nos Rs.250

14) Sold following goods to Goethe Enterprises Reference no: RT/03/20 GST 18%

Keyboard 50nos Rs.550

Mouse 50nos Rs.350

Packging charges Rs.2000 Discount 2%

15) Return goods following to Gowtham Trareders invoice no:02 with GST 18%

Keyboard 10nos Rs.450

Mouse 10nos Rs.250

16) Return goods from Geetha Enterprises Rs.2500 with Reference no: RT/01/20

17) paid to Gowtham traders By cheque Rs.250000 bill no:03

18) Received Cash from Gowtham traders Rs.25000 Refernce no: RT/02/20

19) Fully settled by Gowtham Trades by Cheque

20) Bank charges Rs.250

Question 2

Create a company in the name of Sri Ram Stores(coimbatore) and enter the following data

1) Start business with Rs.50,00,000

1) Loan taken from Sundaram Finance Ltd through Canara bank Cheque no : 000251 Rs.500,000

2) Purchase Samung Galaxy Note 4 50 nos @ Rs.15000/- with GST 18% from Kavin Mobiles
coimbatore) supplier invoice no.561

3) Purchased 16 GB Pendrive 50Nos @ 550/- with GST 5% by from Ram Computers(Bangluru)

supplier invoice no: 1005

4) Sold Samung Galaxy Note 4 15 nos @ Rs.25000/- to Govind Enterpriseswith GST 18% with
Reference no:SRS/01/20

5) Sold 16 GB Pendrive 15 Nos @ 750/- to Tarun Computer(bangluru) with GST 5% Reference no:
SRS/02/20

6) Purchase Samung Galaxy M20 50 nos @ Rs.18500/- with GST 18% from Kavin Mobiles
(coimbatore) supplier invoice no.256

7) Purchased Dell mouse 50Nos @ 450/- with GST 12% by from Ram Computers(Bangluru),inv 1025

8) Return 5nos of Samsung Galaxy note 4 to Kavin mobiles Invoice no: 561 with GST 18%

9) paid cheque to Kavin mobiles Rs.10000 for billno:561

10) Retrun 10 nos of 16GB pendrive from Tarun Computers with GST 5% Invoice no: SRS/02/20

11) Received cash from Tarun Enterprises Rs.5000 for billno:SRS/02/20

12) Cash withdraw from Sbi bank for personal use Rs.250000

13) Paid salary Rs.25000 for accountent by (cheque: 000001

14) Paid rent Rs.5000 by cheque(000002)

15) Recived commission by cash Rs.5000

16) fully settled to Kavin moviles

17) Received partial amount from Ram computers by cheque(001122)

Question No: 3

1) Dinesh Commenced business with the capital of Rs.1,00,000.

2) Purchased goods from Dharma Rs. 20000

3) Purchased goods for Cash Rs.15000

4) Purchased goods from Velu for Cash Rs.9000

5) Bought goods from Sundhar on credit Rs.12000

6) Sold goods worth 15,000 to Tarun

7) Sold goods for Cash Rs.20000

8) Sold goods to Utsav for Cash Rs.6000

9) Sold goods to Pranav on credit Rs.17000

10) Returned goods to Dharma Rs. 3000

11) Goods returned to Tarun Rs.1000

12) Goods taken by the proprietor for personal use Rs.1000

14) Bought land for Rs.50000

15) Purchased Machinery for Cash Rs.45000

16) Bought computers from Intel Computers for Rs.25000

17) Cash Sales Rs.15000

18) Cash Purchases Rs.22000

19) Bought Furniture for Proprietors residence and paid cash Rs.10000

Question no 4

1) Ganesh starts business with Rs. 5,00,000

2) He opens a SBI saving bank account and deposits Rs. 50,000.

3) Bought furniture for Rs. 5,000, machinery for Rs. 5,000.

4) Purchased goods by cheque for Rs. 25,000.

5) Sold goods for Rs.8, 000. by cash

6) Purchased 10nos hard disk RS.5000 from Malhotra & Company for Rs. 11,000.

7) Paid telephone rent for the year by Cheque Rs. 500

8) Bought 10nos Apple keyboard for Rs. 2,100 from ‘Universal Typewriter Co’. on credit.

9) Sold goods to Keshav Ram for Rs. 12,000.

10) Sold goods to Rajesh Kumar for Rs. 2000 cash.

11) Amount withdrawn from bank for personal use Rs. 1,500.

12) Received cash from Keshav Ram Rs. 11,900 and discount allowed Rs. 100.

13) Paid into bank Rs. 5,800.

14) Bought 50 shares in X Y & Co. Ltd. At Rs.60 per share, brokerage paid Rs. 20.

15) Goods worth Rs. 1,000 found defective were returned to Malhotra & Co. and balance of the
amount due to them settled by issuing a cheque in their favour.

16. Sold 20 shares of X Y & Co. Ltd. at Rs. 65 per share, brokerage paid Rs. 20.

17. Bought goods worth Rs. 2,100 from Ramesh and supplied them to Suresh at Rs. 3,000.

18. Suresh returned goods worth Rs. 100, which in turn were sent to Ramesh.

19. Issued a cheque for Rs. 1,000 in favour of landlord for rent for April.

20. Paid salaries to staff Rs. 1,500.

Quesiton 5

Company name: Guptha Traders

1) Start a business with Rs. 25,00,000

2) Open a current account in Axis bank with RS.50000
3) Purchase Plant and machinery Rs.15000
4) Purchase furniture Rs.5000
5) Cash with from bank for office use Rs.10000
6) Sold goods to Mr. Rakesh for Rs.10000/
7) Purchased goods from Joshi Brothers on credit
100 Philips tube lights @ Rs.40 each, paid GST @ 18
100 Crompton bulbs @ Rs.10 each, paid GST @ 18
8) Purchased goods from Rajesh Electric Store
200 heaters @ Rs.160 each, paid GST @ 12%
150 Sunny fans @ Rs.600 each, 10% trade discount, paid GST @ 12%
9) Sold following goods to arun Enterprises @ 18% GST
50 Philips tube lights @ Rs.150 each, paid GST @ 18
50 Crompton bulbs @ Rs.100 each, paid GST @ 18
10) Sold following goods from Bajaj Electric Store
20 heaters @ Rs.260 each, paid GST @ 12%
15 Sunny fans @ Rs.800 each, 10% trade discount, paid GST @ 12%
11) Cash paid to Joshi Brothers Rs.10000
12) Cash received from Arun Enterprises Rs.1500
13) Paid rent Rs.2500 by cheque
14) Received commission by Cash Rs.1000
15) Received cheque from Bajaj Electric Rs.2000
16) Paid stationary Rs.500
17) Paid salary Rs.25000