NMIMS – Employability Skills – II Tally
NMIMS Employability Skills – II Tally Solved Assignment
1) Please Create a Company in Tally Using Following Mentioned Details: (10 marks) This exercise is part of the NMIMS MBA Employability Skills – II Tally solved assignments.
Company Name: – Virat Enterprise.
Primary Mailing Details.
Mailing Name: – Virat Enterprise.
Address: – Marol, Andheri (East), Mumbai.
Country: – India
State: – Maharashtra.
Pin Code: – 400 099.
Contact Details.
Phone No.: – 022-223388
Mobile No.: – 99000 22000
Fax No.: –
E-mail: – ve@gmail.com
Website:-
Books & Financial Year Details.
Financial Year Begins from: – 1-4-2022
Books Beginning from: – 1-4-2022
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
2) Please find out following Numbers/Ratios from provided tally backup for the Financial Year 2020-21 & 2021-22. . (Tally backup has been provided as a part of assignment to solve this problem) (10 marks)
| Particulars | FY 2020-21 | FY 2021-22 |
| Working Capital | ? | 6,28,896.17 |
| Cash-in-Hand | ? | ? |
| Bank Accounts | ? | 1,04,800.00 |
| Sundry Debtors | ? | 8,33,250.00 |
| Sundry Creditors | 2,40,620.00 | ? |
| Sales Accounts | ? | 28,82,000.00 |
| Purchase Accounts | 16,03,280.00 | ? |
| Stock-in-Hand | ? | 73,336.17 |
| Net Profit | ? | ? |
| Working. Capital Turnover | 4.81 | ? |
| Inventory Turnover | ? | 39.30 |
| Current Ratio | ? | ? |
| Quick Ratio | 2.92 : 1 | ? |
| Debt/Equity Ratio | ? | 0.00 : 1 |
| Gross Profit % | 43.91 % | ? |
| Net Profit % | ? | 1.94 % |
| Average monthly Sales | ? | ? |
| Comparison with Previous Year | % | |
| Sales | Increase/Decrease | ? |
| Purchase | Increase/Decrease | ? |
| Net Profit | Increase/Decrease | ? |
1.amazonaws.com/academics/1678532071aYt4s.zip
How to run tally backup: Download the file using the link given in the question paper. Unzip the folder, then you will find Tally backup in Zip format (file name 1002) then unzip file name 1002. Copy the Path of the folder where the folder ‘10002’ is placed. Paste (alt+ctrl+v) that path in Company Info.>> Select Company>> Path
3) a) Please find out following Numbers/Ratios from provided tally backup for the Financial Year 2020-21 & 2021-22. (Tally backup has been provided as a part of assignment to solve this problem) (5 Marks)
| Particulars | FY 2020-21 Amt (Rs.) | (%) | FY 2021-22 Amt (Rs.) | (%) |
| Sales Accounts | 27,33,000.00 | 28,82,000.00 | ||
| Cost of Sales | 15,32,885.23 | ? | ? | 58.97 |
| Gross Profit | 12,00,114.77 | 43.91 | 11,82,341.40 | ? |
| Indirect Expenses | ? | 30.27 | 11,26,410.00 | 39.08 |
| Net Profit | 3,72,964.77 | ? | 55,931.40 | 1.94 |
How to run tally backup: Download the file using the link given in the question paper. Unzip the folder, then you will find Tally backup in Zip format (file name 1002) then unzip file name 1002. Copy the Path of the folder where the folder ‘10002’ is placed. Paste (alt+ctrl+v) that path in Company Info. >> Select Company>> Path
b) Please Explain the use of below mentioned accounting vouchers. (5 Marks)
1. Contra.
2. Payment
3. Sales