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NMIMS – Employability Skills – II Tally

NMIMS Employability Skills – II Tally Solved Assignment

https://mbacasestudyanswers.com/nmims-1st-sem-mba-assignments-i-nmims-2nd-sem-mba-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

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