NAAN – MUDHALVAN PROJECT
SESSION -1
EXCERISE
1 Abc & co started the business
Ram invested business into Rs. 2, 50,000
Deposited into Bank Rs.55, 000
He bought goods from Aravind worth Rs. 45,000
He sold goods at Mr. Vijay Rs. 65,000
He paid wages Rs. 6,000
He paid stationary Rs. 8,500
Net profit:
2 Received capital by cash Rs. 3, 00,000
Cash deposited in Karnataka Bank Rs. 1, 00,000
Credit purchase from Royal & co Rs. 75,000
Credit sales to rani & co Rs. 95,000
Paid salary to staff Rs. 8,500
Paid staff welfare Rs. 3,800
Purchase computers from modern computers pvt ltd Rs. 48,000
Net profit:
3 Received capital by cash Rs. 5, 00,000
Mr. Ajay invested into business Rs. 2, 50,000
He bought furniture for Rs. 35,000
He paid wages Rs. 78,000
Salary Rs. 5,600
Rent Rs. 3,804
Carriage inwards Rs. 1804
He bought goods from Mr. Ragul Rs. 50,000
He deposited into Icici Bank Rs. 2, 50,000
Sold goods to Arun & co Rs. 95,250
Net loss:
4 Prabhu invested into business Rs. 4, 00,000
Purchased computer Rs. 2, 00,000
Purchase furniture Rs. 50,000
Purchase goods from Malar & co Rs. 70,000
Sold goods to Ragul & co Rs. 90,000
Paid wages Rs. 7,000
Salary Rs. 5,500
Carriage inwards Rs. 6,150
Deposited at bank Rs. 1, 00,000
Net profit:
5 Received capital Rs. 3, 75,000
Ramu invested into business Rs. 1, 00,000
Deposit into SBI bank Rs. 75,000
Bought table from Siva & co Rs. 20,000
Paid carriage inwards Rs. 2,000
Salary Rs. 9,000
Wages Rs. 5,000
Bought goods from Ravi pvt ltd Rs. 78,000
Sold goods to Rajesh & co Rs. 98,000
Net profit:
6 Ajay invested into business Rs. 1, 00,000
Ramu invested into business Rs. 2, 00,000
Bought goods from Kumar Rs. 75,000
Sold goods to Ganesh Rs. 80,000
Purchase from Guna Rs. 50,000
Sold to Ravi Rs. 70,000
Paid to wages Rs. 4,000
He deposit into SBI Rs. 30,000
Net profit:
7 Sachin started business at Rs. 3, 00,000
He deposited into icici bank at Rs. 70,000
Credit purchase from Dhoni at Rs. 60,000
Credit sales to David Rs. 80,000
Sales to Guna Rs. 90,000
Paid to wages Rs. 4,000
Purchase from Siva Rs. 50,000
Paid to EB Rs. 1,500
Purchased Bike Rs. 15,000
Paid to stationary Rs. 1,000
Net profit:
Basic SUM II
1 Create company with your name full details. Entry 10 cash and 5 bank transaction and display
the cash book and bank book.
Mahesh started business worth Rs.2, 00,000
Cash purchase Rs. 10,000
Purchase from Mohan Rs. 20,000
Goods sold to john cash Rs. 30,000
Cash sales Rs. 25,000
Salary Rs. 15,000 paid
Rent paid Rs. 7,000
Commission received Rs. 5,000
Received from Rajini Rs. 20,000
Deposit into bank Rs. 28,000
Paid Rs. 10,000 to Rakesh payment
With draw from bank Rs. 12,000
Paid insurance premium through cheque Rs. 5,000
Purchased furniture and paid amount through cheque Rs. 6,000
Paid for advertisement through cheque Rs. 3,000
Output:
Gateway of tally display A/C book ledger cash
Balance sheet:
2 Opening balance sheet
Capital Rs. 2, 00,000
Furniture Rs. 50,000
Cash Rs. 50,000
Building Rs. 1, 00,000
Transaction
Salaries paid Rs. 5,000
Rent paid Rs. 2,000
Outstanding rent at the end of the year Rs. 500
Adjustment
Depreciation on building 10% per annum pass adjustment entries and finalize profit and
loss Account Balance sheet
Net loss:
3 Create a company of the own and generate petty cash book with 10 transaction to
Assume our amount
Received advance from cashier Rs. 350
Paid for bus charges Rs. 10
Purchased white papers Rs. 5
Paid auto charges Rs. 20
Paid wages Rs. 30
Telegram charges Rs. 10
Purchased stationary Rs. 15
Tea expenses Rs. 6
Paid for speed post Rs. 15
Refreshment expenses Rs. 25
Paid for carriage Rs. 15
Closing balance –
4 From the following information prepare profit & loss AC and Balance sheet opening
balance sheet.
Capital Rs. 6, 00,000
Moto car Rs.2, 00,000
Machinery Rs. 1, 00,000
Sundry debtors Rs. 1, 50,000
Cash Rs. 1, 50,000
Transaction
Paid wages Rs. 2,000
Paid salaries Rs. 3,000
Insurance paid Rs. 500
Commission paid Rs. 200
Sales Rs. 20,000
Purchase Rs. 12,000
Furniture purchased Rs. 2,300
Outstanding wages at the end of the year Rs. 500
Outstanding salaries at the end of the year Rs. 100
Prepaid insurance Rs. 100
Net profit:
5 Create a company of your own and general a sales registers and purchase register with
any to transaction each, with imaginary fun games.
Purchase transaction
Cash purchase Rs.3, 500
Goods purchase from Shak Rs.5, 000
Goods purchase from Srinivash Rs.6, 000
Goods purchase from john Rs.3, 000
Goods purchase Rs.2, 900
Purchase goods Rs.9, 000
Goods purchased from Salman Rs.7, 000
Goods purchase from Mahendra Rs.5, 000
Goods purchased from Rs.4, 800
Goods purchased from Rs.6, 300
Sales transaction
Goods sold worth Rs.5, 000
Goods sold to Rajesh Rs.4, 000
Goods sold to Saloman Rs.8, 000
Goods sold to cash Rs.9, 000
Goods sold @ Rs.6, 000
Cash sales Rs.12, 000
Sold goods from each Rs.18, 000
Sold goods to khan @ Rs.16, 000
Sold to Charan from Rs.6, 500
Sold to Arjun Rs.9, 000
Purchase-
Sales-
