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Employability Skills – II Tally Assignment Help

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Employability Skills – II Tally

1. Please Create a Company in Tally Using Following Mentioned Details:- (10 Marks)

Company Name: – NM Corporation.

Primary Mailing Details.

Mailing Name: – NM Corporation.

Address: – Western Express Highway, Goregaon (West), Mumbai.

Country: – India

State: – Maharashtra.

Pin Code: – 400 060.

Contact Details.

Phone No.: – 022-223244

Mobile No.: – 88222 00444

Fax No.: –

E-mail: – NM@gmail.com

Website:-

Books & Financial Year Details.

Financial Year Begins from: – 1-4-2021

Books Beginning from: – 1-4-2021

Security Control.

Use Security Control: – No

Base Currency Information.

Base Currency symbol: – Rs.

Formal Name: – INR

Suffix Symbol to Amount: – No

Add Space between Amt & Symbol: – Yes

Show Amount in Millions: – No.

Number of Decimal Places: – 2

Word Representing amount after Decimal: – Paise

Number of Decimal Places for Amt in Words: – 2

– 600 Words

2. Please find out following Numbers/Ratios from provided tally backup for the Financial Year 2020-21 & 2021-22. https://adhocfilesngasce.s3.ap-south-

1.amazonaws.com/academics/1660108267dyJan.zip

(Tally backup has been provided as a part of assignment to solve this problem)

(10 Marks) – 600 Words

Particulars FY 2020-21 FY 2021-22
Working Capital 5,47,345.81
Cash-in-Hand ?
Bank Accounts 62,800.00
Sundry Debtors 3,65,000.00 ?
Sundry Creditors 1,24,110.00
Sales Accounts 26,08,000.00
Purchase Accounts 15,32,870.00
Stock-in-Hand 2,23,078.81
Net Profit ?
Working. Capital Turnover 5.28 ?
Inventory Turnover 11.69
Current Ratio 4.66 : 1
Quick Ratio ?
Debt/Equity Ratio 0.00:1
Gross Profit % 43.55 % ?
Net Profit % 2.53 %
Operating Cost % ?
Comparison with Previous Year %
Sales Increase/Decrease
Purchase Increase/Decrease
Net Profit Increase/Decrease

How to run tally backup: Copy the Path of folder where the folder ‘10002’ is placed. Paste (alt+ctrl+v) that path in Company Info.>> Select Company>> Path

3. Ledger Creation and Accounting Entries in Tally.

a. Create Following Ledger accounts in tally in Melon Corporation:- (5 Marks) – 400 Words

Account Name Type (under)
Capital A/C Capital Account
Bank A/C Bank Account
Sales A/C Sales Account 
Purchases A/C Purchases Account 
Rent Expenses A/C Expenses (Indirect)

b. Pass the Following Entries in Melon Corporation. (5 Marks) – 400 Words

1. Capital Introduced in organization in Bank Rs. 50,000/- & in Cash Rs.  1,55,000/- on 1st April 2021.

2. Cash Deposited in bank on 2nd April 2021 Rs. 75,000/-.

3. Purchase of Rs. 35,000/- on 1st May 2021 by Bank Payment.

4. Cash Sales of Rs. 48,000/- on 31st May 2021.

5. Rent Paid Rs. 10,000/- by Cheque on 2nd June 2021.