LAB MANUAL:3rd SEM B.

com
ACADEMIC YEAR:2021-2022

E-BUSINESS AND ACCOUNTING LAB MANUAL

THE NATIONAL COLLEGE

AUTONOMOUS
BASAVANAGUDI, BANGALORE-04

NAME: KARTHIK . P
REG No: 20NCBM1042

CERTIFICATE
This is the certified to be the Bonafide work of the students in the ERP.9 E-business accounting Lab, in
partial fulfillment of the requirements of 3rd semester B.com during the year 2020-2021

No. Of practical's certified out of in the above titled lab

 Name of the External Examiner :

Examination Centre : The National College Basavanagudi, Bangalore-04

Date of Examination :

 Name of the internal Examiner :

Examination centre : The National College Basavanagudi, Bangalore-04

Date of Examination :

E-BUSINESS AND ACCOUNTING LAB MANUAL

CERTIFICATE

This is to certify that the record titled E-BUSINESS AND ACCOUNTING Lab is
Bonafide Record of work done by ……………in partial fulfillment of the
requirements for, Third semester B.com during the year 2021-2022
HOD of commerce
Prof. APARNA M. JOSHI M. Com, M.Phil.,

Lecturer In- charge

Asst. Prof. SUPRIYA R. M. Com

VALUED BY:
NAME: KARTHIK .P
REG No: 20NCBM1042

Examination centre: The National college, Basavanagudi

E-BUSINESS AND ACCOUNTING LAB MANUAL

THE NATIONAL COLLEGE

AUTONOMOUS
BASAVANAGUDI, BANGALORE-04
INDEX
SL. No PARTICULAR Page no.
01 Introduction to Tally
02 History of tally
03 Versions of tally
 04 Objectives and Features of tally
05 Advantages
06 Hardware requirements in tally ERP.9
07 Installation process of tally software
08 Information available on tally screen
09 Company creation

10 Shortcut keys

11 Vouchers
12 Groups

13 Ledgers
14 Problems
15 Conclusion and Reference

INTRODUCTION OF TALLY
Tally. ERP 9 is one of the most popular accounting software
used in India. It is complete enterprise software for small &
medium enterprises. ... ERP 9 is a perfect business management
solution and GST software with an ideal combination of
function, control, and in-built customizability.
Tally is a financial accounting software package designed by
Tally Solutions mainly for small and medium businesses and
shops. Tally Software is used by over 2 million users, in 90
countries. ... Tally is a complete business accounting and
inventory management software that provides various facilities
like Govt.
Tally.ERP 9 is one of the most widely used financial software.
Tally.ERP 9 reports can help a business owner make
informed decisions to increase efficiency, reduce costs, and
organize business operations.
With Tally.ERP 9, accurate, up-to-date business information is
available at your fingertips anytime. It provides a
Comprehensive solution for the accounting and inventory
needs of a business.
It provides the capability to generate fully accurate tax returns
in a matter of minutes and is also capable of
extracting, interpreting and presenting financial data.
Tally.ERP 9 is the world’s fastest and most powerful concurrent
Multi-lingual business Accounting and Inventory
Management software. Tally.ERP 9, designed exclusively to
meet the needs of small and medium businesses, is a
fully integrated, affordable and highly reliable software.
Tally.ERP 9 is easy to buy, quick to install, and easy to learn
and use. Tally.ERP 9 is designed to automate and integrate all
your business operations, such as sales, finance,
purchasing, inventory, and manufacturing. With Tally.ERP 9,
accurate, up-to-date business information is literally
at your fingertips anywhere. The powerful new features and
blazing speed and power of Tally.ERP 9 combined
with enhanced MIS, Multilingual, Data Synchronization and
Remote capabilities help you simplify all your business
processes easily and cost-effectively

HISTORY OF TALLY
Tally Solutions, then known as Peutronics , was co-founded in
1986 by Shyam Sunder Goenka and his son Bharat Goenka
and incorporated in 1991. Shyam Sundar Goenka was running a
company that supplied raw materials and machine parts to
plants and textile mills in southern and eastern India. Unable to
find software that could manage his books of accounts, he
asked his son, Bharat Goenka, 23, a Maths graduate to create a
software application that would handle financial accounts for
his business. The first version of the accounting software was
launched as an MS-DOS application. It had only basic
accounting functions, and was named Peutronics Financial
Accountant.

In 1999, the company formally changed its name to Tally

Solutions.
In 2006, Tally launched Tally 8.1, a concurrent multi-lingual
version, and also Tally 9.
In 2009, the company released Tally.ERP 9, a business
management solution
In 2015, the company launched a program called Vriddhi to
certify and classify its business partners. Also in 2015, Tally
Solutions announced the launch of Tally.ERP 9 Release 5.0 with
taxation and compliance features.
As of 2016, the company had 1 million customers.
In 2016, Tally Solutions was shortlisted as a GST Suvidha
Provider to provide interface between the new Goods and
Services Tax (GST) server and taxpayers, and in 2017, the
company launched its updated GST compliance software.
In 2020, the company released TallyPrime.

VERSION OF TALLY
Versions of Tally
Tally 4.5 was the first version of Tally. It was released in
1990. ...
Tally 5.4 was the second version of Tally. ...
Tally 6.3 was the third version of Tally. ...
Tally 7.2 was the next version of Tally. ...
Tally 8.1 was the next version of Tally. ...
The next version was Tally 9. ...
The latest version of Tally is ERP 9.

OBJECTIVES AND FEATURES OF TALLY

o Tally is largely considered the best because it is easy to
use, has no codes, robust and powerful, executes in real-time,
operates at high speed, and has full-proof online help.
o Tally is also called multi-lingual tally software because Tally
ERP 9 supports multi-languages. In Tally, accounts can be
maintained in one language, and reports can be viewed in other
languages.
o Using the Tally, you can create and maintain the accounts
up to 99,999 companies.
o Using the feature of payroll, you can automate the
employee records management.
o Tally has the synchronization feature, so the transaction
which is maintained in multiple locations offices can be updated
automatically.
o Tally is used to generate consolidated financial statements
as per the requirements of the company.
o Tally can manage single or multiple groups.
o Tally software is used to handle financial and inventory
management, invoicing, sales and purchase management,
reporting, and MIS.
o The feature of Tally customization makes the software
suitable for distinctive business functions

ADVANTAGES OF TALLY
1. Manages data Easily
By Tally software, you do not need other software to manage
client data. You can store all the data of all clients in one place
and make any changes in it anywhere. Also, Tally adopts unique
methods of trading easily. So you can manage your work, like a
bird’s eye view of any part of the account in detail, one should
get a report before making any business decision.

2. Easy to Grow Business

For a growing business, there is a need for vigorous monitoring.
due to this business runs in profit and when it has to suffer
losses. Once it comes to know the reasons for losses are
occurring in business, then it becomes very easy to improve
and grow the business. By using Tally software, you can easily
keep monitor of inventory, payroll, and banking and etc.

3. GST solution
Since the inclusion of GST in our tax system, there is always
hesitancy of filling or returning our GST from others. Tally has
included answers to all the questions, it detects the errors and
corrects them. It helps us by creating invoices and file returns
GST.

Since the inclusion of the GST system on enterprises in India in

2016–17 has been quite effective. In the initial phase, it was
difficult for understanding GST for people. Keeping this in mind,
Tally Solutions provided the facility to file GST in its latest
version of Tally software. With this feature, it became easy for
people to know about GST and file GST returns.

4. Bank Reconciliation
Tally maintains the records of post-dated checks and generates
cash deposit slips, print checks, and many other works related
to the bank. Tally can fix banking faults automatically which is
done by humans by mistake. This Tally feature helps, saves time
as well as avoids mistakes.

5. Reports and decisions

Reports like trade arrears, stock aging analysis, cost estimates
can analyze with Tally software. These reports help the owner
to speed up the growing business and make business decisions
better for maintaining a great pace.

6. Secured Data
Any company would never like its data software to be shared
by the other competitor’s company. The Tally software saves
and protects the company’s data by not sharing with third part
without access.
Tally keeps your financial data by providing keys and patterns
that you can generate by yourself from which you only can
access the data of the business. Also, there is less probability of
losing data by corruption.

The data stored in this software is completely secure and no

one can access your data even until you don’t permit it, as you
set a password for your computer. Today this company has
more than 1 million customers satisfied.

7. Mobility Access
It is not possible to move accounts of books with you at all
times. You can access your business with the help of Tally
software from anywhere in the world. No matter where you are
or your business is located. One can access more than two
businesses at the same time by synchronizing your data in Tally
software.

8. Speed up auditing
It takes more time to prepare the trial balance, profit, and loss
statement, and balance sheet manually. Which eventually
spends a greater amount of our time in making the final report.
The accounting task is made easy by choosing certain
transactions and tracking their progress by monitoring each
voucher in the Tally software.

9. Saves Time
As you know, it often takes a long time to record the accounts
manually and in such cases, the chances of making mistakes are
also high. Using Tally saves you from wasting your precious
time and avoiding wrong data records.

HARDWARE REQUIREMENTS IN TALLY ERP9

Particulars Recommended Configuration
Processor Intel Pentium IV or above and Equivalent
RAM 512 MB or more*
Hard Disk space 60 MB Minimum (Excluding Data)
Monitor
1024 x 768 or Higher*
Resolutions
Microsoft Windows
Operating System
7/Vista/XP/2003/2000/NT/ME/98
* Tally.ERP 9 will work on lower configuration
.

INSTALLATION PROCESS OF TALLY SOFTWARE

 Just Click Install.
 Setup will be Downloaded.
 Click Setup.
 Automatically Tally Installed.
 Shortcut on Desktop Appears.
 Click Tally ERP 9 Icon.
 If paid, Activate license or If used to learn Click Work
in Educational Mode

INFORMATION AVAILABLE ON TALLY SCREEN

After Tally software loading, the startup screen of Tally ERP
9 displays on the screen as follows:

The following components are contained by the

home screen of Tally ERP 9:

 Title Bar
 Horizontal Button Bar
 Close Button
 Gateway of Tally
 Buttons Toolbar
 Calculator area
 Info Panel
 Data and Time
Tally Screen Components
Title Bar: This is used to display the Tally software that we are
using.

Horizontal Button Bar: It helps to choose Keyboard settings,

support centre, Language, Control centre, and Help.

Close Button: Click on this close button or use ctrl+m to close

the Tally window.

Task Bar: It is used to display the task of Tally ERP 9.

Gateway of Tally: It is used to display the menu, screen,

reports.

Info Panel: Information panel is used to display the license

details, configuration details, and tally version.

Calculation Area: It is used for calculation functions.

Buttons Tool Bar: It is used to display the buttons that enable

for immediate interaction with Tally. It can display only the
buttons that are applicable to the current task.

Date and Time: It is used to display the current date and time.
CREATION OF COMPANY
 Go to Gateway of Tally > Alt + F3 > Create Company
 Enter the basic information, i.e., name, mailing name and
address of the company, currency symbol etc.
 In the ‘maintain field’, select Accounts Only or Accounts
with Inventory as per the company requirements.
 In the Financial Year from, the first day of the current
financial year for e.g., 1-4-2017 will be displayed by default,
which can be changed as per requirement.
 Enter the Tally Vault Password if required.
 Press Y or Enter to accept and save.
Details to be filled in the company creation screen
Name

In this field, we are required to type the name of the company,

for example. XYZ INC.

Primary mailing details

Mailing name
In this field, we are required to type the name of the company,
for example. XYZ INC.
Address
In this data field, we are required to enter the address of the
company.
Country
Here we are required to select the country from the list in
which the business Operates.
State
In this data field, we have to select the state in which we would
comply with statutory laws
Pincode
Pincode of the location where the office exists.
Contact details

Phone No
Enter the Company contact number which we would like to
display on Invoices
Mobile no
Enter the Contact number of Managing Person to whom any
queries related to Invoicing or Delivery of product, complaint in
the product could be reached to
Fax No
Enter the Fax number to which any confirmation statements,
ledger copies etc., could be sent and received
E-mail
Enter the company’s email address to which any product
inquiry and other communications could be made.
Website
Enter the company’s web address if any
Books and financial year details
The financial year begins from
In this data field, you have to type the financial year in which
you want to create a company. Suppose you may be starting a
company on 1st December 2018, you should enter the financial
year from 01.04.2018.
Book beginning from
In this data field, you have to type the financial year in which
you want to create a company. Suppose you may be starting a
company on 1st December 2018, you should enter the financial
year from 01.04.2018.
Starting in the middle of the financial year.
Companies that are migrating from Manual Accounting to Tally
ERP 9 in the middle of the financial year.
Security control

Tally Vault password (if any)

This data filled is for security purposes. By enabling this field,
Tally ERP 9 Convert tally data into an encrypted format. To
encrypt means convert data from recognised format to
unrecognised format.
By entering the Tally Vault password we can prevent
unauthorized access to company data. Now in Latest Tally ERP
9, There is a password strength indicator, which will help you to
set a strong password. Red colour indicates a weak password
whereas peach-orange colour: fair, Yellow is good and Green
colour indicates a strong password.
Caution: Forgetting Tally vault password will render the data
inaccessible
Use security control?

Enabling this data field, we will get complete control over the
data, we can assign users for specific purposes, for example:

We can assign data entry operators who can access only

voucher entry screens.
We can assign billing clerks who can access only the Sales
invoice voucher
We can assign Financial managers who can access financial data
and reports as the administrator controls his access.
In this data field, we will be asked the administrator name and
password.

Base currency information

Base currency symbol

In this data field, the currency symbol of the country is auto-
selected based on the country of origin fed by you in the
previous data field. There is no need to change this data field if
you are using the same currency for accounting.
Formal name
This is the formal name of the currency selected in the previous
field
Suffix symbol to amount?
This data field will ask you whether a currency symbol is
required for example: prior to an amount like Rs. 4,500
Add space between amount and symbol?
This data field is like Rs. 4,500 space in between currency
symbol and amount.
Show amount in millions?
If we set this data field to Yes, Tally will display the amount in
millions that are in the Balance sheet or other reports. The
amount for example 100,00,000 will be shown as 10. [One
million equals 10,00,000].
Number of decimal places
It is a general practice to use 2 decimal places, for example :
for using Paisa in Indian currency we use 2 decimal place.
for using cents in American dollar currency we use 2 decimal
places
Word representing the amount after decimal
This data field is used in printing, in Indian currency decimal
portion is said to be Paisa. Set this field as per your formal
name of the decimal value in your currency. For USD it is cents.
Hundred cents make one dollar.
Number of decimal places for the amount in words
If we set this data field to 1 decimal places in Indian currency,
then while printing 75 Paisa. Will print as seventy Paisa, if we
set this to 2 decimal places, then it will print the second fraction
like seventy-five Paisa.
To save the details entered in the company creation screen
If you have entered all the details and after verifying it seems to
be right, then you have to accept the screen by pressing Enter
and again Enter to accept and save the details.

SHORTCUTS KEYS
Hot keys for easy menu navigation
Hot keys are single alphabetical keys to access the menu in
Tally. The plus point is that you don’t need to select a menu
instead of just use hot keys. You will be navigated to the
desired menu option.
How can you find hot keys in Tally? Without any difficulty, one
can trace hot keys in Tally. Let’s take a look at the example
ledger report [D > A > L]–

Go to the gateway of tally menu – Navigate to Display. You will

find D in the display is changed to red color. This is the hot key
for the display menu (PRESS D).
You will enter the display menu – Navigate to Accounts Books.
You will find A in the account books is changed to red color.
This is the hot key for the account books menu (PRESS A).
Now you will enter the account books menu – Navigate to
Ledger. You will find L in the ledger is changed to red color.
This is the hot key to land on a list of ledgers from which you
can choose and view a ledger (PRESS L).

Single key shortcuts

Single keys shortcuts are basically single function keys used for
various functions of tally ERP 9.
Multiple key combination shortcuts
Multiple key combination shortcuts are shortcut keys which are
the combination of more than one key. For eg: Ctrl, Alt,
Alphabets, Numbers
Shortcut keys used to select voucher type
in Tally.ERP 9
Voucher shortcut keys are basically used for accessing entering
transactions in voucher type. It includes payment voucher,
receipt voucher, sales voucher, purchase. Tally gives users the
most friendly way to access a voucher.
Shortcut Key Description Where to find them
F1

To select the company or to open the company

On Gateway of Tally
F1

To select the company or to open the company

On Gateway of Tally

CTRL + F1

To select payroll voucher from Inventory Voucher/Accounting

Screen

On Gateway of Tally > Inventory Voucher/Accounting Voucher >

Payroll Voucher

CTRL + F2
To select Sales Order Voucher from Accounting Voucher/
Inventory Voucher Screen

On Gateway of Tally > Accounting Voucher/ Inventory Voucher

> Sales Voucher

CTRL + F4

To select Purchase Order Voucher from Accounting Voucher

Screen

On Gateway of Tally > Accounting Voucher / Inventory Voucher

> Purchase Order Voucher

CTRL + F10

To select memorandum voucher

On Gateway of Tally > Accounting Voucher / Inventory Voucher

> Memorandum Voucher

CTRL + F9

To select Debit note voucher

On Gateway of Tally > Accounting Voucher > Debit Note

CTRL + F8
To select Credit Note Voucher

On Gateway of Tally > Accounting Voucher > Credit Note

F8

To Select Sales Voucher

On Gateway of Tally > Accounting Voucher > Sales Voucher

F9

To select Purchase Voucher

On Gateway of Tally > Accounting Voucher > Purchase Voucher

F7

To select Journal Voucher

On Gateway of Tally > Accounting Voucher > Journal Voucher

F6

To select Receipts Voucher

On Gateway of Tally > Accounting Voucher > Receipts Voucher

F5
To select Payments Voucher

On Gateway of Tally > Accounting Voucher > Payments

Voucher

F4

To Select Contra Voucher

On Gateway of Tally > Accounting Voucher > Contra Voucher

Shortcut keys used for passing voucher entry in

Tally.ERP 9
Voucher shortcut keys are basically used for accessing
entering transactions in voucher type. It includes
payment voucher, receipt voucher, sales voucher,
purchase. Tally gives users the most friendly way to
access a voucher.
Shortcut Key Description Where to find them
Ctrl+N

To open the calculator

During all data entry

Ctrl+A
To accept the form as it is / with changes

Wherever you use this key combination, that screen or

report gets accepted as it is. This is a quick save option

Ctrl+V

To select the voucher types

At creation of Sales/ Purchase Voucher screen

Alt+2

To duplicate a voucher from list of vouchers

At sales ledger/ day book/ Ledgers > Place the cursor on

the entry and press this short cut key to duplicate a
Voucher

Alt+D

To delete a voucher/master

All the reports screen which can be viewed in columnar

format
Alt+C

To create a master from a voucher

At Voucher entry screen

Alt+I

To insert a voucher in between the vouchers

When you want to toggle between Item and Accounting

Invoice

Alt+X

To cancel voucher in day book / list of vouchers

From day book or list of vouchers

ESC

To remove what has been typed into the data field while
preparing a voucher

At all data entry or typing field

Shortcut keys used for generating reports in Tally.ERP 9
To improve the way you view and print reports in Tally
ERP 9 there are various report specific shortcut keys
grouped below.
Shortcut Key Description Where to find them
Alt+F1

To close a company, to view a report in detail

At all reports screen

Alt+P

To print a report, voucher, etc

At all reports screen

Alt+E

To export details in Excel, HTML or XML format

At all reports screen

Alt+N

To view the report in automatic columns

Multiple columns at all reports, Trail balance, Cash / bank
books, group summary and journal register

Alt+R

To remove / hide the line in a report

At all reports screen

Shortcut keys frequently used in Tally.ERP 9

Shortcut Key Description Where to find them
F2

To change the current date

Most screens of Tally

F1

To select a company from the list of loaded companies

Most screens of Tally

F11
To open Company features screen

Most screens of Tally

F12

To open configuration screen

Most screens of Tally

Ctrl+C

To select cost centre

At voucher type, group, ledger, cost centres, cost

categories, budget scenarios creation alteration screen

Ctrl+E

To select the currencies

At voucher type, group, ledger, cost centres, cost

categories, budget scenarios creation alteration screen

Ctrl+G
To select the group

At groups/Ledgers/Cost
centres/Budgets/Scenarios/Voucher types/Currencies
creation and alteration screen

Ctrl+H

To view the support centre

Most screens of Tally

Ctrl+I

To select the stock items

Most screens of Tally

Ctrl+L

To select the ledger

Across accounting, inventory, order and payroll vouchers

Ctrl+O
To select godowns

At voucher type, group, ledger, cost centres, cost

categories, budget scenarios creation alteration screen

Ctrl+Q

To quit the form without making any changes

Most screens of Tally

Ctrl+U

To select the units

Available at accounting, inventory, order voucher screen

creation and alteration screens when you are in payroll
voucher in most of the payroll master creation screens

Ctrl+K

To login to control centre

Most screens of Tally

Ctrl+S

To open TallyShop

All screens of Tally

Alt+A

To add a voucher in list of vouchers

In sales, credit note, debit note and purchase vouchers

Alt+F2

To change the report period

Most screens of Tally

Alt+M

To send email

Most screens of Tally

Alt+G
To select the language configuration

Most screens of Tally

Alt+K

To select the keyboard configuration

Most screens of Tally

Alt+U

To retrieve the last line which was deleted using Alt+R

In all reports

Alt + L

To login as remote tally.net user

Startup screen of Tally

Alt+H

To access context sensitive help

All screens of Tally

Alt+Z

To zoom in to the print preview to 100% screen

At all print preview screens that appear on pressing Alt+P

with the enabled I: With preview enabled

Alt+F3

To go to company info

Most screens of Tally

Alt+F4

To disconnect the company from Tally.Net server

Company info screen of Tally

Alt+Enter

To view the voucher display

At day book and almost all voucher reports

Ctrl+Alt+I

To import statutory masters

All menu screens in Tally

Ctrl+Alt+R

Rewrite data for a company

Gateway of Tally screen

PgUp / Page Up

To display previous voucher during voucher entry

At voucher entry and alteration screen

VOUCHER
A voucher is a document that contains details of a financial
transaction and is required for recording the same into the
books of accounts. For every transaction, you can use the
appropriate Tally voucher to enter the details into the ledgers
and update the financial position of the company.
The voucher entry menus options are available under
Transactions in the Gateway of Tally . The Payroll and Order
Vouchers are available as separate options which can be
enabled based on the requirements.

The Payroll Vouchers can be enabled from F1: Accounting

Features , whereas the Order Vouchers can be activated from
F2: Inventory Features .

GROUPS
The group is a collection of leaders of the same natures. Tally
software automatically creates 28 groups that are used in the
account chart. Out of 28 predefined groups in tally, primary
groups are 15, and the sub-groups are 13. The different types of
groups are as follows:

Primary Group
Sub Group
Primary Groups
This group is the main group. Primary groups are at the top of
the hierarchy. Among 15 groups, 6 groups are profit and loss
a/c items, and 9 groups are balance sheets items.

List of Primary Group in Tally

1. Branch/Division 6. Current Assets 11. Indirect Income

2. Capital Accounts 7. Fixed Assets12. Misc. Expenses
3. Loans 8. Investments13. Purchase Accounts
4. Suspense Account 9. Sales Accounts 14. Direct Income
5. Current Liabilities 10. Indirect Expenses 15. Direct
Expenses
2. Sub Groups
This group is part of the primary group. It can be divided into 13
groups.

List of Sub Group in Tally

1. Sundry Creditors 6. Secured Loans 11. Bank Accounts

2. Stock in Hand 7. Deposits 12. Cash in Hand
3. Duties & Taxes 8. Banks OD Accounts 13. Loan &
Advances (Assets)
4. Unsecured Loans9. Provisions
5. Reserves & Surplus 10. Sundry Debtors
Tally follows the single leader concept of accounting, and this
leads to direct contrast to subsidiary leader accounting. Using
the ledgers or account heads, all the financial entries can be
performed. According to the requirement of the company, we
can group all ledgers and financial statements.

LEDGERS
A ledger is the actual account head to identify your transactions
and are used in all accounting vouchers. For example, purchase,
payments, sales, receipts, and others accounts heads are ledger
accounts. Without a ledger, you cannot record any transaction.
All ledgers have to be classified into groups. These groups and
ledgers are classified into profit and loss or balance sheet.

There are two pre-defined ledgers in Tally.ERP 9:

● Cash ledger

● Profit and loss account

 Cash Ledger

 Profit and Loss Ledger

 The cash ledger is grouped under cash-in-hand.

 The profit and loss account ledger is grouped under

primary.

 You can enter the opening balance as on the day the books
begin.

 The previous year's profit or loss is entered as opening

balance of the ledger. The balance entered is the opening
profit/loss. It is shown in the balance sheet as opening of the
profit and loss account in the liabilities.

 This ledger can be altered and deleted.

 This ledger can not be deleted but it can be modified.

 To know more, click the links below:

● Displaying/Altering a Ledger Account

● Current Liabilities/Assets Ledger

● Duty and Taxes Ledger

● Bank Ledger

● Party Ledger

● Expenses/Income Ledger

● Ledger in Normal Mode

PROBLEMS
Record the following transactions in Tally.

1. Robert commenced a transport business with a capital of ₹

1,00,000

2. An account was opened with State Bank of India and

deposited ₹ 30,000

3. Purchased furniture by paying cash ₹ 10,000

4. Goods purchased on credit from Mohaideen for ₹ 20,000

5. Cash sales made for ₹ 8,000

6. Goods purchased from Rathinam for ₹ 5,000 and money

deposited in CDM

7. Goods sold to Rony on credit for ₹ 60,000

8. Money withdrawn from bank for office use ₹ 9,000

9. Part payment of ₹ 10,000 made to Mohaideen by cheque

10. Rony made part payment of ₹ 5,000 by cash

11. Salaries paid to staff through ECS ₹ 6,000

12. Wages of ₹ 3,000 paid by cash

13. Purchased stationery from Pandian Ltd. on credit ₹ 4,000

Solution

Analysis of transactions, passing journal entries, identification

of voucher type and group:
(i) To view Trial Balance

Gateway of Tally > Reports > Display > Trial Balance > AltF1
(detailed)

(ii) To view Profit and Loss Account

F10: A/c Reports > Profit & Loss A/c > AltF1 (detailed)

(or)

Gateway of Tally > Reports > Profit & Loss A/c > AltF1 (detailed)
(iii) To view Balance Sheet

F10: A/c Reports > Balance Sheet > AltF1 (detailed)

(or)

Gateway of Tally > Reports > Balance Sheet > AltF1 (detailed)
(iv) To view Ratio Analysis

F10: A/c Reports > Ratio Analysis

(or)

Gateway of Tally > Reports > Ratio Analysis

(v) To view Day Book

F10: A/c Reports > Day Book > AltF1 (detailed)

(or)

Gateway of Tally > Reports > Display> Day Book > AltF1
(detailed)
CONCLUSION
In this project I have case study on “GOYAL ENTERPRISES” and
Ihave passed all the transaction from the financial year 1-4-
2019 to 31-3-2020 on the TALLY software with the guidance of
our teacher Mrs. NEENA AGARWAL. She encourages and
motivates us during this project. In this project I have done all
the statutory &taxationconfiguration and setting of GSTIt also
has many advantages like: -

Tally vault a company

Activate security control for a company

Create security levels and assign password

Activate tally audit and view the tally audit list of
vouchers/ledgers backup and result TALLY ERP 9 data.While
doing this project I learn many things. As a whole it can be
saidthat TALLY is the most desirable and required accounting
package.