MADRAS CHRISTIAN COLLEGE

ACCOUNTING PACKAGE TALLY ERP 9

II BCOM C

PRACTICAL OBSERVATION NOTES

SUBMITTED BY

NAME : AADARSH. K

REG NO : 2301721036237

SEMESTER : 4

YEAR : 2 yr

DEPARTMENT OF COMMERCE

SELF FINANCES STREAM

MADRAS CHRISTIAN COLLEGE (AUTONOMOUS)

CHENNAI 600 059

 INTRODUCTION
➢ Tally is a versatile and massive package software, It is used by various types of trade and
industry. Tally software business was set up in 1986 by late S.S.Geonkar, who was the
founder of the company Peutronics Private Limited, Bangalore. He mentors his son
Bharat Geonkar in creating software that would handle the financial accounts for his
business. Bharat Geonkar spends a lot of months developing path breaking technology.

➢ Tally is a user-friendly software used to solve all the complicated accounting structures.
Bharat Geonkar is the original architect and programmer of the tally accounting system
and developer of the 'no code' concepts of accounting entities. Tally is a globally
recognized name with 2 million users in over 90 countries experiencing the "power of
simplicity. This value is reflected in an innovative, uncomplicated and customer-centric
approach. Tally recognizes its own format in ASCII (American Standard Code for
Information Interchange), from which data can be imported into Tally.

➢ To export your database file to tally, you have to export data in an acceptable format as
per the ASCII, The milestone statement of the tally division is "Continuously doing the
right thing".

GENERAL FEATURES

➢ The New Option Directories have been introduced to specify data directory in The
Company Creation Screen.
➢ To keep Data for one company in OneDrive.
➢ Tally Lock Storage Device is used to share the information quickly.
➢ Tally Vault is used to keep the data in Encrypted Format instead of Normal Format.
➢ All The Profitability Reports, Invoice Receipts, Godown Reports are problematized
easily.
➢ Display all Vouchers for a Grouping Method.
➢ Income & Expenditure statements are also available to view Profit & Loss Account.
➢ Using the Tally Defined Language, we customize the user friendly environment to the
organization.
➢ Tally Is available on Windows 95,98,XP,2000, NT and Linux.
➢ This software is run on a single person computer, LAN and WAN are on a Network
Support Access via any combinations of platforms.
➢ Tally is now web enabled. While working with Tally you can browse by clicking the
browser button.

COMPONENTS
 1. The Horizontal Button Bar
2. The Gateway of Tally Screen
3. The Button Bar
4. The Product information Bar
5. The Status Bar

1)THE HORIZONTAL BUTTON BAR:

It is Located at the top of the Tally ERP 9 Window. It has various tabs in the form of Buttons.
The following are the Buttons:

P Print: Print the current report displayed on the screen.

E Export: Exports, reports and saves them in a disk file

M E-Mail: E-Mails the current report.

O Upload: Publishes the report on the website.

G Language: Set the language to work

K Control Centre: Enables the use of Tally net as an interface between the user and Tally ERP
9,

H Support Centre: Help the customer to report problems.

H Help: Allows the user to access the Tally reference manual

2)THE GATEWAY OF TALLY SCREEN:

The Gateway of Tally screen appears just below the Horizontal Button Bar and occupies most
part of Tally ERP9 Window. This screen is divided into Two parts-main area and Button Bar.
The main area displays the name of the current opened company and its details such as the last
entry made into the company On the right side of the screen, you will find buttons which
comprise of options such as select company, shut company, etc.,

3)THE BUTTON BAR:

The Button Bar is located at the extreme right side of the Tally ERP9 Window. It displays
various buttons that provide quick and direct access to several options and tasks. The buttons that
do not correspond to the currently selected options are displayed in the inactive state.

F1 Select Company: Display the list of all the companies available in the database.

F2 Date: Allows you to set the date.

F1 Shut Company: Allows you to unload and close a company.

F2 Period: Allows you to set the starting and ending dates of a Financial Year.

F3 Company Info: Allows you to quit the current screen and display the company info.

F4 Connect: Allows you to connect with tally net.

F11 Features: Display the company features menu which you can use to set options for
inventory and taxation.

F12 Configure: Display the configuration menu which you can use to configure currency
printing etc.,

4)THE PRODUCT INFORMATION BAR:

It appears at the bottom of Tally. ERP 9 Window. It contains the basic information about the
version of Tally. ERP 9 the product info bar provides the following:

Software Name: Display the name of the software.

Username: Display the type of the user.

Version Number: Display the software version no.

Logo: Display the logo of Tally.

License: Display the license.

Calculation: Allows you to calculate mathematical expressions.

Configuration: Display the configuration of the software.

TRIAL BALANCE
1. From the following particular, prepare trial balance:

PARTICULARS AMOUNT

Share Capital 9000

Plant & Machinery 12000

 Purchases 8000

Sales 12000

Creditors 8000

Investment 14000

Bank Loan 22000

Rent Outstanding 1000

Opening Stock 2000

Sales Returns 4000

Debtors 12000

Steps:

1. Company creation: Gateway of tally > Alt + F3 > Create

2. Check F11 and F12 features

3. Creation of ledgers:

Gateway of tally > Masters > Accounts info > Ledger > Multiple Ledgers > Create.

4. Output: Gateway of tally > Reports > Display > Trial Balance > Alt + F2 to change the date >
Alt + F1 to show the detailed view of the trial balance.

COMPANY CREATION
F11 Features

F12 Features
Multi Ledger

Trial Balance
2. From the following particular, prepare trial balance:

PARTICULARS AMOUNT
 Share Capital 7000

Carriage Inwards 200

Cash at Bank 1000

Cash in Hand 200

Commission 300

Creditors 830

Debtors 3000

Discount Received 400

Drawings 700

Income Tax 500

Loan 1400

Opening Stock 10600

Plant & Machinery 2600

Purchases 12000

Rent 200

Repairs to Plant 460

Return Inwards 440

Return Outwards 150

Sales 25200

Trade Expenses 580

Wages 2200

Steps:

1. Company creation:
 Gateway of tally > Alt + F3 > Create

2. Check F11 and F12 features

3. Creation of ledgers:

Gateway of tally > Masters > Accounts info > Ledger > Multiple Ledgers > Create.

4. Output: Gateway of tally > Reports > Display > Trial Balance > Alt + F2 to change the date >
Alt + F1 to show the detailed view of the trial balance.

COMPANY CREATION

F11 Features
F12 Features

Multi Ledger
 Trial Balance

3. From the following particular, prepare trial balance:

 PARTICULARS AMOUNT

Advertising Expenses 2000

Bank Charges 750

Capital 50000

Carriage Inwards 750

Carriage Outwards 1200

Cash at Bank 6000

Cash in Hand 900

Creditors 25000

Debtors 45000

Discount Allowed 350

Discount Received 800

Plant & Machinery 80000

Provision for Bad Debts 525

Purchases 60000

Purchases Returns 750

Rent and Taxes 10000

Salary 6800

Sales 177000

Sales Returns 1000

Stock 30000

Wages 10000

Steps:
1. Company creation:

Gateway of tally > Alt + F3 > Create

2. Check F11 and F12 features

3. Creation of ledgers:

Gateway of tally > Masters > Accounts info > Ledger > Multiple Ledgers > Create.

4. Output: Gateway of tally > Reports > Display > Trial Balance > Alt + F2 to change the date >
Alt + F1 to show the detailed view of the trial balance.

COMPANY CREATION

F11 Features
F12 Features

Multi Ledger
 Trial Balance

4. From the following particular, prepare trial balance:

 PARTICULARS AMOUNT

Bank 12500

Bills Payable 4000

Bills Receivable 5200

Capital 24000

Cash in Hand 900

Commission and Travel Expenses 4700

Creditors 43000

Debtors 51000

Discount Received 4000

Drawings 5800

Duty & Clearing Charges 3500

Furniture & Fittings 4500

Loans & Advances 10000

Overdraft 6000

Purchases 50000

Rent 2000

Return from Customers 1000

Return to Creditors 1100

salary 9500

Sales 128000

Stock 47000

Trading Expenses 2500

Steps:
1. Company creation:

Gateway of tally > Alt + F3 > Create

2. Check F11 and F12 features

3. Creation of ledgers:

Gateway of tally > Masters > Accounts info > Ledger > Multiple Ledgers > Create.

4. Output: Gateway of tally > Reports > Display > Trial Balance > Alt + F2 to change the date >
Alt + F1 to show the detailed view of the trial balance.

COMPANY CREATION
F11 Features

F12 Features
 Multi Ledger

Trial Balance

5. From the following particular, prepare trial balance:

 PARTICULARS AMOUNT

Bad Debts 160

Capital 52000

Carriage Inwards 390

Cash at Bank 3270

Creditors 6000

Furniture & Fittings 5500

Investment 16700

Opening Stock 22000

Postage & Telegram 210

Printing & Stationery 240

Purchases 72000

Purchases Returns 1900

Rent 560

Salary 1800

Sales 101200

Sales Returns 5200

Sundry Debtors 31000

Travelling Expenses 770

Wages 1300

Steps:
1. Company creation:

Gateway of tally > Alt + F3 > Create

2. Check F11 and F12 features

3. Creation of ledgers:

Gateway of tally > Masters > Accounts info > Ledger > Multiple Ledgers > Create.

4. Output: Gateway of tally > Reports > Display > Trial Balance > Alt + F2 to change the date >
Alt + F1 to show the detailed view of the trial balance.

COMPANY CREATION

F11 Features
F12 Features

Multi Ledger
 Trial Balance

FINAL ACCOUNTS
1. From the following particulars, prepare trial balance, Profit & Loss A/c and Balance Sheet:
 PARTICULARS AMOUNT

Freight Inwards 52000

Import Duty 30000

Purchases 860000

Purchases Returns 10000

Sales 1440000

Sales Returns 316000

Stock 80000

Wages 24000

Closing Stock 100000

Steps:

1. Company creation:

Gateway of tally > Alt + F3 > Create

2. Check F11 and F12 features

3. Creation of ledgers:

Gateway of tally > Masters > Accounts info > Ledger > Multiple Ledgers > Create.

4. Creation of Closing Stock:

Gateway of tally > Masters > Accounts info > Ledger > Single Ledgers > Opening Stock > Alter.

5. Output: Gateway of tally > Reports > Profit & Loss A/c > Alt + F2 to change the date > Alt +
F1 to show the detailed view of the P&L A/c.

Gateway of tally > Reports > Balance Sheet > Alt + F2 to change the date > Alt + F1 to show the
detailed view of the balance sheet.

COMPANY CREATION
F11 Features

F12 Features
Multi Ledger

Closing Stock
Profit & Loss A/c

Balance Sheet
2. From the following particulars, prepare trial balance, Profit & Loss A/c and Balance Sheet:

PARTICULARS AMOUNT
 Bad Debts 574

Bills Payable 5054

Building 47560

Capital 72000

Creditors 17440

Debtors 7770

Discount 2000

Furniture 32310

Insurance 834

Interest Paid 2590

Loan 24000

Machinery 20000

Opening Stock 19890

Postage 546

Purchases 124184

Salary 8000

Sales 156364

Wages 8600

Closing Stock 28600

Steps:

1. Company creation: Gateway of tally > Alt + F3 > Create

2. Check F11 and F12 features

3. Creation of ledgers:

Gateway of tally > Masters > Accounts info > Ledger > Multiple Ledgers > Create.

4. Creation of Closing Stock:

Gateway of tally > Masters > Accounts info > Ledger > Single Ledgers > Opening Stock > Alter.

5. Output: Gateway of tally > Reports > Profit & Loss A/c > Alt + F2 to change the date > Alt +
F1 to show the detailed view of the P&L A/c.

Gateway of tally > Reports > Balance Sheet > Alt + F2 to change the date > Alt + F1 to show the
detailed view of the balance sheet.

COMPANY CREATION
F11 Features

F12 Features
Multi Ledger

Closing Stock
Profit & Loss A/c

Balance Sheet
3. From the following particulars, prepare trial balance, Profit & Loss A/c and Balance Sheet:

PARTICULARS AMOUNT
 Carriage Inwards 2500

Carriage Outwards 750

Freight Inwards 7500

Fuel & Coal 1000

Opening Stock 12500

Purchases 100000

Purchases Returns 5000

Rent 2750

Salary 18000

Sales 150000

Sales Returns 10000

Closing Stock 14000

Steps:

1. Company creation:

Gateway of tally > Alt + F3 > Create

2. Check F11 and F12 features

3. Creation of ledgers:

Gateway of tally > Masters > Accounts info > Ledger > Multiple Ledgers > Create.

4. Creation of Closing Stock: Gateway of tally > Masters > Accounts info > Ledger > Single
Ledgers > Opening Stock > Alter.

5. Output: Gateway of tally > Reports > Profit & Loss A/c > Alt + F2 to change the date > Alt +
F1 to show the detailed view of the P&L A/c.

Gateway of tally > Reports > Balance Sheet > Alt + F2 to change the date > Alt + F1 to show the
detailed view of the balance sheet.

COMPANY CREATION
F11 Features

F12 Features
Multi Ledger

Closing Stock
Profit & Loss A/c

Balance Sheet
4. From the following particulars, prepare trial balance, Profit & Loss A/c and Balance Sheet:

PARTICULARS AMOUNT
 Bills Payable 38000

Bills Receivable 168000

Capital 400000

Furniture 137000

Machinery 200000

Opening Stock 50000

Printing & Stationery 7000

Purchases 80000

Purchases Returns 30000

Rent 6000

Salary 75000

Sales 300000

Sales Returns 25000

Wages 20000

Closing Stock 40000

Steps:

1. Company creation: Gateway of tally > Alt + F3 > Create

2. Check F11 and F12 features

3. Creation of ledgers: Gateway of tally > Masters > Accounts info > Ledger > Multiple Ledgers
> Create.

4. Creation of Closing Stock: Gateway of tally > Masters > Accounts info > Ledger > Single
Ledgers > Opening Stock > Alter.

5. Output: Gateway of tally > Reports > Profit & Loss A/c > Alt + F2 to change the date > Alt +
F1 to show the detailed view of the P&L A/c.

Gateway of tally > Reports > Balance Sheet > Alt + F2 to change the date > Alt + F1 to show the
detailed view of the balance sheet.

COMPANY CREATION
F11 Features

F12 Features
Multi Ledger

Closing Stock
Profit & Loss A/c

Balance Sheet
5. From the following particulars, prepare trial balance, Profit & Loss A/c and Balance Sheet:

PARTICULARS AMOUNT
 Bad Debts 1100

Bank Overdraft 6600

Bills Payable 6700

Building 22000

Capital 50000

Car Expenses 3600

Cash in Hand 160

Charity 210

Commission 2640

Creditors 5000

Debtors 12560

Drawings 4000

General Expenses 5000

Loan 15760

Machinery 18680

Motor Car 4000

Power 4480

Purchases 94000

Reserve Fund 1800

Sales 130720

Stock 32400

Taxes & Insurance 2630

Wages 14400

Closing Stock 47000

Steps: 1. Company creation: Gateway of tally > Alt + F3 > Create

2. Check F11 and F12 features

3. Creation of ledgers: Gateway of tally > Masters > Accounts info > Ledger > Multiple Ledgers
> Create.

4. Creation of Closing Stock: Gateway of tally > Masters > Accounts info > Ledger > Single
Ledgers > Opening Stock > Alter.

5. Output: Gateway of tally > Reports > Profit & Loss A/c > Alt + F2 to change the date > Alt +
F1 to show the detailed view of the P&L A/c.

Gateway of tally > Reports > Balance Sheet > Alt + F2 to change the date > Alt + F1 to show the
detailed view of the balance sheet.

COMPANY CREATION

F11 Features
F12 Features

Multi Ledger
 Closing Stock

Profit & Loss A/c

 Balance Sheet

6. From the following particulars, prepare trial balance, Profit & Loss A/c and Balance Sheet:
 PARTICULARS AMOUNT

Bad Debts 240

Bank Loan 6000

Buildings 34000

Capital 24000

Carriage on Sales 1600

Cash in Hand 2600

Creditors 9840

Debtors 12000

Dividend Received 220

Freight on Purchases 1120

Furniture 2000

Interest Received 260

Miscellaneous Expenses 1000

Opening Stock 6200

Postage 560

Purchases 42400

Rent 1200

Repairs 1800

Return Inwards 2040

Return Outwards 840

Salary 4400

Sales 82920

Stationery 520

Wages 10400
 Closing Stock 5960

Steps: 1. Company creation:Gateway of tally > Alt + F3 > Create

2. Check F11 and F12 features

3. Creation of ledgers: Gateway of tally > Masters > Accounts info > Ledger > Multiple Ledgers
> Create.

4. Creation of Closing Stock: Gateway of tally > Masters > Accounts info > Ledger > Single
Ledgers > Opening Stock > Alter.

5. Output: Gateway of tally > Reports > Profit & Loss A/c > Alt + F2 to change the date > Alt +
F1 to show the detailed view of the P&L A/c.

Gateway of tally > Reports > Balance Sheet > Alt + F2 to change the date > Alt + F1 to show the
detailed view of the balance sheet.

COMPANY CREATION

F11 Features
F12 Features

Multi Ledger
 Closing Stock

Profit & Loss A/c

 Balance Sheet

7. From the following particulars, prepare trial balance, Profit & Loss A/c and Balance Sheet:
 PARTICULARS AMOUNT

Bank 4500

Capital 40000

Cash in Hand 2000

Creditors 1000

Debtors 2500

Drawings 5000

Insurance 300

Machinery 28000

Opening Stock 5200

Purchases 15000

Rent 1500

Salary 2000

Sales 25000

Closing Stock 4900

Adjustment:

1. Salary unpaid - 300

2. Rent paid in advance - 200
3. Prepaid insurance - 90

Steps:

1. Company creation: Gateway of Tally > Alt + F3> Create

2. Check F11 & F12 Features

3. Creation of Ledgers :

Gateway of tally > Masters > Accts info > Ledgers > Multiple Ledgers > Create

4. Closing Stock Creation:

Gateway of tally >Masters > Accts info > Ledgers > Single Ledger > Alter > Opening Stock
5. Post the necessary blank ledger

6. Gateway of tally > Accounting Vouchers > F7 > Post the necessary journal entries

7.Output:

Gateway of Tally > Reports > Profit & Loss A/C > Alt + F2 to change the date > Alt + F1 to
show the detailed view of the Profit & Loss A/C

Gateway of Tally > Reports > Balance Sheet > Alt + F2 to change the date > Alt + F1 to show
the detailed view of the Balance Sheet.

COMPANY CREATION
F11 Features

F12 Features
Multi Ledger

Closing Stock
Profit & Loss A/c

Balance Sheet
 Daybook

8. From the following particulars, prepare trial balance, Profit & Loss A/c and Balance Sheet:
 PARTICULARS AMOUNT

Bank Overdraft 9500

Bills Payable 18700

Business Premises 35000

Capital 72795

Carriage Inwards 2000

Carriage Outwards 350

Cash in Hand 1850

Creditors 11750

Debtors 43000

Discount 600

Insurance 1400

Plant & Machinery 18500

Purchases 119670

Rent 950

Salary 2250

Sales 135000

Opening Stock 23000

Trade Expenses 375

Adjustments:

1. Closing Stock - 20000

2. Rent unpaid - 600
3. Depreciation 10% on P&M and Business Premises
4. Accrued commission - 500
5. Prepaid insurance - 400

Steps:

1. Company creation: Gateway of Tally > Alt + F3> Create

2. Check F11 & F12 Features

3. Creation of Ledgers :

Gateway of tally > Masters > Accts info > Ledgers > Multiple Ledgers > Create

4. Closing Stock Creation:

Gateway of tally >Masters > Accts info > Ledgers > Single Ledger > Alter > Opening Stock

5. Post the necessary blank ledger

6. Gateway of tally > Accounting Vouchers > F7 > Post the necessary journal entries

7.Output:

Gateway of Tally > Reports > Profit & Loss A/C > Alt + F2 to change the date > Alt + F1 to
show the detailed view of the Profit & Loss A/C

Gateway of Tally > Reports > Balance Sheet > Alt + F2 to change the date > Alt + F1 to show
the detailed view of the Balance Sheet.

COMPANY CREATION
F11 Features

F12 Features
Multi Ledger

Closing Stock
Profit & Loss A/c

Balance Sheet
 Daybook

9. From the following particulars, prepare trial balance, Profit & Loss A/c and Balance Sheet:
 PARTICULARS AMOUNT

Bad Debts 160

Capital 52000

Carriage Inwards 390

Cash at Bank 3270

Creditors 6200

Debtors 31000

Furniture & Fittings 5500

Insurance 220

Investments 16700

Postage & Telegram 210

Printing & Stationery 240

Purchases 72000

Purchases Returns 1900

Rent 560

Salary 1800

Sales 101000

Sales Returns 5200

Stock 22000

Travelling Expenses 550

Wages 1300

Adjustments:
 1. Salary outstanding - 150
2. Closing Stock - 18500
3. Insurance prepaid - 30
4. 10% Depreciation on Furniture & Fittings

Steps:

1. Company creation: Gateway of Tally > Alt + F3> Create

2. Check F11 & F12 Features

3. Creation of Ledgers :

Gateway of tally > Masters > Accts info > Ledgers > Multiple Ledgers > Create

4. Closing Stock Creation:

Gateway of tally >Masters > Accts info > Ledgers > Single Ledger > Alter > Opening Stock

5. Post the necessary blank ledger

6. Gateway of tally > Accounting Vouchers > F7 > Post the necessary journal entries

7.Output:

Gateway of Tally > Reports > Profit & Loss A/C > Alt + F2 to change the date > Alt + F1 to
show the detailed view of the Profit & Loss A/C

Gateway of Tally > Reports > Balance Sheet > Alt + F2 to change the date > Alt + F1 to show
the detailed view of the Balance Sheet.

COMPANY CREATION
F11 Features

F12 Features
Multi Ledger

Closing Stock
Profit & Loss A/c

Balance Sheet
 Daybook

10. From the following particulars, prepare trial balance, Profit & Loss A/c and Balance Sheet:
 PARTICULARS AMOUNT

Drawings 45000

Goodwill 90000

Buildings 60000

Machinery 40000

Bills Receivable 6000

Opening Stock 40000

Purchases 51000

Wages 26000

Carriage Inwards 500

Carriage Outwards 1000

Salaries 35000

Rent 3000

Discount 1100

Bank 25000

Repairs 2300

Cash 1600

Debtors 45000

Bad Debts 1200

Sales Returns 2000

Furniture 6000

Advertisement 3500

General Expenses 450

Capital 160000

Bills Payable 35000

 Creditors 70000

Purchases Returns 2650

Sales 218000

Adjustments:

1. Closing Stock - 35000

2. Depreciation 10% on Machinery and Furniture
3. Outstanding wages - 1500
4. Prepaid advertisement - 500
5. Create 5% on Debtors for bad debts as provision.

Steps:

1. Company creation: Gateway of Tally > Alt + F3> Create

2. Check F11 & F12 Features

3. Creation of Ledgers :

Gateway of tally > Masters > Accts info > Ledgers > Multiple Ledgers > Create

4. Closing Stock Creation:

Gateway of tally >Masters > Accts info > Ledgers > Single Ledger > Alter > Opening Stock

5. Post the necessary blank ledger

6. Gateway of tally > Accounting Vouchers > F7 > Post the necessary journal entries

7.Output:

Gateway of Tally > Reports > Profit & Loss A/C > Alt + F2 to change the date > Alt + F1 to
show the detailed view of the Profit & Loss A/C

Gateway of Tally > Reports > Balance Sheet > Alt + F2 to change the date > Alt + F1 to show
the detailed view of the Balance Sheet.

COMPANY CREATION
F11 Features

F12 Features
Multi Ledger

Closing Stock
Profit & Loss A/c

Balance Sheet
 Daybook

11. From the following particulars, prepare Trading A/C , Profit and loss A/C & Balance Sheet
 PARTICULARS AMOUNT

Debtors 92000

Plant 20000

Interest 430

Rent, Rates and Insurance 5600

Conveyance 1320

Wages 7000

Sales Return 5400

Purchases 150000

Opening Stock 60000

Drawings 22000

Trade Expenses 1350

Salaries 11200

Advertisement 840

Discount 600

Bad debts 800

Buildings 12000

Furniture 10000

Cash in Hand 2060

Capital 70000

Purchases Returns 2600

Sales 250000

Creditors 60000

Bank Overdraft 20000

Adjustments:
 1. Closing Stock - 90000
2. Depreciation 10% on Furniture, 2.5% on building and 7.5% on plant
3. Outstanding wages - 400
4. Prepaid salary - 700
5. Write off Rs.800 as further bad debts
6. Outstanding rent - 500
7. Prepaid insurance - 300
8. Provision for BDD - Rs. 4560

Steps:

1. Company creation: Gateway of Tally > Alt + F3> Create

2. Check F11 & F12 Features

3. Creation of Ledgers :

Gateway of tally > Masters > Accts info > Ledgers > Multiple Ledgers > Create

4. Closing Stock Creation:

Gateway of tally >Masters > Accts info > Ledgers > Single Ledger > Alter > Opening Stock

5. Post the necessary blank ledger

6. Gateway of tally > Accounting Vouchers > F7 > Post the necessary journal entries

7.Output:

Gateway of Tally > Reports > Profit & Loss A/C > Alt + F2 to change the date > Alt + F1 to
show the detailed view of the Profit & Loss A/C

Gateway of Tally > Reports > Balance Sheet > Alt + F2 to change the date > Alt + F1 to show
the detailed view of the Balance Sheet.
COMPANY CREATION

F11 Features

F12 Features
Multi Ledger

Closing Stock
Profit & Loss A/c

Balance Sheet
 Day Book

12. From the following particulars, prepare Trading A/C , Profit and loss A/C & Balance Sheet
 PARTICULARS AMOUNT

Capital 150000

Bank Overdraft 25200

Sales 903000

Furniture 30600

Business Premises 120000

Creditors 79800

Opening Stock 132000

Debtors 108000

Rent Received 6000

Purchases 660000

Discount Received 2400

Insurance 16000

Wages 24000

Salaries 54000

Advertisements 13200

Carriage on Purchases 10800

Provision for Bad and Doubtful Debts 7000

Bad debts 800

Drawings 4000

Adjustments:

1. Closing Stock - 120000

 2. Depreciation 10% on Furniture and Business premises
3. Provision for Bad and Doubtful debts - 5% on Sundry Debtor
4. Rent received in advance - 2000
Steps:

1. Company creation: Gateway of Tally > Alt + F3> Create

2. Check F11 & F12 Features

3. Creation of Ledgers :

Gateway of tally > Masters > Accts info > Ledgers > Multiple Ledgers > Create

4. Closing Stock Creation:

Gateway of tally >Masters > Accts info > Ledgers > Single Ledger > Alter > Opening Stock

5. Post the necessary blank ledger

6. Gateway of tally > Accounting Vouchers > F7 > Post the necessary journal entries

7.Output:

Gateway of Tally > Reports > Profit & Loss A/C > Alt + F2 to change the date > Alt + F1 to
show the detailed view of the Profit & Loss A/C

Gateway of Tally > Reports > Balance Sheet > Alt + F2 to change the date > Alt + F1 to show
the detailed view of the Balance Sheet.
COMPANY CREATION

F11 Features
F12 Features

Multi Ledger

Closing Stock
Profit & Loss A/c

Balance Sheet
 Day Book

VOUCHERS
1. From the following particulars, prepare vouchers.
 2.
1. Capital bought in 50000
2. Cash paid to bank 20000
3. Purchase furniture on credit from modern mart furniture mart 3000
4. Goods sold to sivan on credit 3500
5. Cash paid to modern furniture mart 2000
6. Goods purchases from mohan 8800
7. Wages paid 200
8. Cheque issued to mohan 7000
9. Cash received from sivan 1500
10. Paid into bank 1500
11. Cash sales 3500
12. Cash purchases 1800
13. Goods taken for personal use 500
14. Cash withdrawn for personal use 750
15. Paid for stationery 600
16. Cheque issued for salaries 1000

Steps:

1. Company creation: Gateway of Tally > Alt + F3> Create

2. Check F11 & F12 Features

3. Creation of Blank Ledgers :

Gateway of tally > Charts of Accounts > Ledgers > Alt + H > Multi Create

4. Creation of Vouchers:

Gateway of tally > Vouchers > Create vouchers based on the types.

5.Output:

Gateway of Tally > Day Book > Alt + F1 to show the detailed view

Gateway of Tally > Display > Trial Balance > Alt + F2 to change the date > Alt + F1 to show
the detailed view

Gateway of Tally > Display > Profit & Loss A/c > Alt + F2 to change the date > Alt + F1 to
show the detailed view

Gateway of Tally > Display > Balance Sheet > Alt + F2 to change the date > Alt + F1 to show
the detailed view

COMPANY CREATION
F11 Features

F12 features
Multi ledger

Trial Balance
Profit & Loss A/c

Balance Sheet
 Day Book

Output:

Trial Balance - 59800

Gross Loss - 3300

Net Loss - 4900

Balance Sheet - 51550

2. From the following particulars, prepare vouchers.

3.
 1. Rahul started business with 500000
2. Deposited 100000 into canara bank
3. Purchase goods 25500 for cash
4. Goods bought from mohan 45200
5. Sold goods for cash 12000
6. Sold goods to ramkumar at 15500
7. Paid electricity bill 5400
8. Furniture purchase for office 2500
9. Amount withdrawn from bank 40000
10. Paid to mohan 15000
11. Received cash from ramkumar 5500

Steps:

1. Company creation: Gateway of Tally > Alt + F3> Create

2. Check F11 & F12 Features

3. Creation of Blank Ledgers :

Gateway of tally > Charts of Accounts > Ledgers > Alt + H > Multi Create

4. Creation of Vouchers:

Gateway of tally > Vouchers > Create vouchers based on the types.

5.Output:

Gateway of Tally > Day Book > Alt + F1 to show the detailed view

Gateway of Tally > Display > Trial Balance > Alt + F2 to change the date > Alt + F1 to show
the detailed view

Gateway of Tally > Display > Profit & Loss A/c > Alt + F2 to change the date > Alt + F1 to
show the detailed view

Gateway of Tally > Display > Balance Sheet > Alt + F2 to change the date > Alt + F1 to show
the detailed view

COMPANY CREATION
F11 features

F12 features
Multi ledger

Trial Balance
Profit & Loss A/c

Balance Sheet
 Day Book

Output:

Trial Balance - 557700

Gross Loss - 43200

Net Loss - 48600

Balance Sheet - 530200

3. From the following particulars, prepare vouchers.

4.
1. Mohan commences business with capital of 1000000
 2. Cash deposited with indian bank 650000
3. Purchases goods for cash 75500
4. Goods bought from Sohan 85200
5. Cash sales 52000
6. Sold goods to kumaran 35500
7. Paid salaries 400
8. Purchase computer for office use 2500
9. Amount withdrawn for office use 240000
10. Cash paid to Sohan 55000
11. Received from kumaran 25500

Steps:

1. Company creation: Gateway of Tally > Alt + F3> Create

2. Check F11 & F12 Features

3. Creation of Blank Ledgers :

Gateway of tally > Charts of Accounts > Ledgers > Alt + H > Multi Create

4. Creation of Vouchers:

Gateway of tally > Vouchers > Create vouchers based on the types.

5.Output:

Gateway of Tally > Day Book > Alt + F1 to show the detailed view

Gateway of Tally > Display > Trial Balance > Alt + F2 to change the date > Alt + F1 to show
the detailed view

Gateway of Tally > Display > Profit & Loss A/c > Alt + F2 to change the date > Alt + F1 to
show the detailed view

Gateway of Tally > Display > Balance Sheet > Alt + F2 to change the date > Alt + F1 to show
the detailed view

COMPANY CREATION
F11 features

F12 features
Multi ledger

Trial Balance
Profit & Loss A/c

Balance Sheet
 Day Book

Output:

Trial Balance - 1117700

Gross Loss - 73200

Net Loss - 73600

Balance Sheet - 1030200

4. From the following particulars, prepare vouchers.

4.
 1. Business started with capital 50000
2. Cash purchases 28000
3. Cash received from Arul 2000
4. Cash paid to Bala 2900 and discount allowed to him 100
5. Wages paid 3000
6. Cash received from Raja 950 and discount allowed by him 50
7. Paid into bank 10000
8. Cash sales 2500
9. Stationery 250
10. Cash paid to Karthik 3900 and discount allowed by him 100
11. Cash received from Murali 2000 and discount allowed to him 100
12. Salaries 2000

Steps:

1. Company creation: Gateway of Tally > Alt + F3> Create

2. Check F11 & F12 Features

3. Creation of Blank Ledgers :

Gateway of tally > Charts of Accounts > Ledgers > Alt + H > Multi Create

4. Creation of Vouchers:

Gateway of tally > Vouchers > Create vouchers based on the types.

5.Output:

Gateway of Tally > Day Book > Alt + F1 to show the detailed view

Gateway of Tally > Display > Trial Balance > Alt + F2 to change the date > Alt + F1 to show
the detailed view

Gateway of Tally > Display > Profit & Loss A/c > Alt + F2 to change the date > Alt + F1 to
show the detailed view

Gateway of Tally > Display > Balance Sheet > Alt + F2 to change the date > Alt + F1 to show
the detailed view

COMPANY CREATION
F11 Features

F12 features
Multi Ledger

Trial Balance
Profit & Loss A/c

Balance Sheet
 Day Book

Output:

Trial Balance - 57800

Gross Loss - 28500

Net Loss - 30700

Balance Sheet - 50000

5. From the following particulars, prepare vouchers.

5.
 1. Abhinaya started business with capital 200000
2. Cash paid into bank 100000
3. Received from Sheela 50000
4. Cash paid to Kanan 30000
5. Commission paid 2000
6. Goods bought from Raja 15000
7. Sold goods to Raghu 20000
8. Withdrew from bank 10000
9. Rent paid 7000
10. Advertisement 3000

Steps:

1. Company creation: Gateway of Tally > Alt + F3> Create

2. Check F11 & F12 Features

3. Creation of Blank Ledgers :

Gateway of tally > Charts of Accounts > Ledgers > Alt + H > Multi Create

4. Creation of Vouchers:

Gateway of tally > Vouchers > Create vouchers based on the types.

5.Output:

Gateway of Tally > Day Book > Alt + F1 to show the detailed view

Gateway of Tally > Display > Trial Balance > Alt + F2 to change the date > Alt + F1 to show
the detailed view

Gateway of Tally > Display > Profit & Loss A/c > Alt + F2 to change the date > Alt + F1 to
show the detailed view

Gateway of Tally > Display > Balance Sheet > Alt + F2 to change the date > Alt + F1 to show
the detailed view

COMPANY CREATION
F11 Features

F12 features
Multi Ledger

Trial Balance
Profit & Loss A/c

Balance Sheet
 Day Book

Output:

Trial Balance - 285000

Gross Profit - 5000

Net Loss - 7000

Balance Sheet - 200000

6. From the following particulars, prepare vouchers.

6.
 1. Raja started business with capital 200000
2. Amount withdrawn for personal use 5000
3. Account opened in Canara bank 100000
4. Withdrawn from bank 5000
5. Goods purchases 10000
6. Goods purchases from Mohan 7000
7. Goods returned to Mohan 2000
8. Goods sold 7000
9. Goods sold to Baskar 9000
10. Goods returned by Baskar 2000
11. Advertisement 5000
12. Rent received 7000

Steps:

1. Company creation: Gateway of Tally > Alt + F3> Create

2. Check F11 & F12 Features

3. Creation of Blank Ledgers :

Gateway of tally > Charts of Accounts > Ledgers > Alt + H > Multi Create

4. Creation of Vouchers:

Gateway of tally > Vouchers > Create vouchers based on the types.

5.Output:

Gateway of Tally > Day Book > Alt + F1 to show the detailed view

Gateway of Tally > Display > Trial Balance > Alt + F2 to change the date > Alt + F1 to show
the detailed view

Gateway of Tally > Display > Profit & Loss A/c > Alt + F2 to change the date > Alt + F1 to
show the detailed view

Gateway of Tally > Display > Balance Sheet > Alt + F2 to change the date > Alt + F1 to show
the detailed view

COMPANY CREATION
F11 Features

F12 features
Multi Ledger

Trial Balance
Profit & Loss A/c

Balance Sheet
 Day Book

Output:

Trial Balance - 230000

Gross Loss - 1000

Net Loss - 1000

Balance Sheet - 201000

7. From the following particulars, prepare vouchers.

7.
 1. Business capital 75000
2. Purchases 7000
3. Goods sold 5000
4. Goods purchases from Anu 20000
5. Goods sold to Basheer 25000
6. Goods returned to Anu 5000
7. Goods returned by Basheer 1000
8. Account opened in Indian Bank 15000
9. Withdrawn from bank 3000
10. Basheer settled his account
11. Furniture purchases 3000
12. Settled Anu’s account
13. Insurance 300
14. Electricity 450
15. Withdrawn for personal use 1000
16. Salary paid 1200

Steps:

1. Company creation: Gateway of Tally > Alt + F3> Create

2. Check F11 & F12 Features

3. Creation of Blank Ledgers :

Gateway of tally > Charts of Accounts > Ledgers > Alt + H > Multi Create

4. Creation of Vouchers:

Gateway of tally > Vouchers > Create vouchers based on the types.

5.Output:

Gateway of Tally > Day Book > Alt + F1 to show the detailed view

Gateway of Tally > Display > Trial Balance > Alt + F2 to change the date > Alt + F1 to show
the detailed view

Gateway of Tally > Display > Profit & Loss A/c > Alt + F2 to change the date > Alt + F1 to
show the detailed view

Gateway of Tally > Display > Balance Sheet > Alt + F2 to change the date > Alt + F1 to show
the detailed view

COMPANY CREATION
F11 Features

F12 features
Multi Ledger

Trial Balance
Profit & Loss A/c

Balance Sheet
 Day Book

Output:

Trial Balance - 110000

Gross Profit - 7000

Net Loss - 5250

Balance Sheet - 79250