Tally prime Accounting Assignment with Questions

 

Assignment for Topic 1

 

•       Account transaction for Rohan’s Mobile Accessories Store located in Delhi.

•       Outflow Transactions:

•       1-4-25: Rohan started the Mobile Accessories Store by investing Rs. 8,00,000 cash.

•       1-4-25: Deposited Rs. 8,00,000 in Axis Bank and invested Rs. 2,00,000 in a fixed deposit.

•       5-4-25: Rented a store at Rs. 25,000/month and paid a security deposit of Rs. 75,000 to the landlord.

•       1-5-25: Took a loan from SBI Bank of Rs. 2,00,000.

•       7-5-25: Purchased inventory (mobile accessories) from a wholesaler worth Rs. 4,00,000.

•       10-5-25: Bought billing software for Rs. 18,500.

•       1-6-25: Purchased display racks worth Rs. 15,000.

•       1-6-25: Bought a security system for the store worth Rs. 20,000.

•       5-6-25: Purchased a delivery scooter for Rs. 1,20,000.

•       20-6-25: Paid insurance for the scooter worth Rs. 4,500.

•       25-6-25: Incurred advertising expenses of Rs. 8,000.

•       In-flow Transactions:

•       Interest Received from Fixed Deposit: Rs. 4,000 on 1-4-2025

•       Sales for month of April: Rs. 1,20,000

•       Sales for month of May: Rs. 1,50,000

•       Sales for month of June: Rs. 1,70,000

 

Questions: -

1.What is the amount showing under Working Capital?

A.      835500

B.      762500

C.      837500

D.     833500

2.What is total amount of fixed Asset?

A.      175300

B.      173500

C.      186500

D.     178400

3.What is Total Profit/Loss Amount?

A.      11000

B.      11230

C.      11670

D.     18650

4.What is total amount in Bank Account?

A.      553500

B.      565000

C.      563500

D.     558000