ACC151 - Workshop on Computerized Accounting - Accounting Assignment Help

Assignment Task

Objective - To check the ability of students to create stock items under various groups and post entries in various vouchers.

Topic - Cost Centres & Voucher entry

Question:
1-4-2020: Introduced capital of Rs. 20,00,000.
1-5-2020: Deposited Rs. 5,00,000 in HDFC bank.
1-5-2020: Paid salaries of Rs. 40,000 through cheque. These wages are to be allocated amongst four cost centres i.e. Marketing, Finance, HR and IT in equal ratio.
1-6-2020: Rent received for Rs. 25,000. It is to be allocated amongst Marketing and HR as Rs. 15,000 and Rs. 10,000 respectively.
1-7-2020: Purchased equipment of Rs. 10,000 through cheque of HDFC bank.
1-8-2020: Withdrew Rs. 500 to pay personal electricity bill.
1-9-2020: Interest of Rs. 5,000 received in advance.
1-10-2020: Wages of Rs. 3,000 are due out of which wages of Rs. 1,000 only has been paid.
1-11-2020: Paid Fire Insurance premium of Rs. 5,000 out of which Rs. 2,000 has been paid in advance.
1-12-2020: Commission of Rs. 3,000 is due but not yet received.

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