Tally Introduction

Tally basic software is an all-in-one solution to simplify tasks related to banking and finance,
GST compliance, taxation, accounting, e-invoicing, e-way billing, and more. It is complete
business management software helping businesses manage key operations from a single
solution.
With this software, they can generate bills and invoices, manage their inventory, record
cashflow and credit transactions, manage payroll, stay compliant, reconcile bank statements,
etc.

Benefits of Tally Basic Accounting Software

Basic introduction of Tally computer software can help businesses in several ways such as
providing multiple billing formats, cash flow projection, inventory management, e-
invoicing, etc. Let’s learn about all these features in detail.
Multiple Billing Formats: This solution provides several commercial billing options to complement your
business requirements. It also lets you customize billing formats for different goods and services.

Expiry Date Management: It simplifies the expiry date of products by creating and maintaining a batch
summary report. It includes details by manufacturing date, expiry date, and number of days left for the expiry.

Supports Multi-Currency Transactions: With the support for multiple currencies, you can generate invoices,
get quotations, accept or receive payments in the international currency. Moreover, it also adjusts currency rates
through auto calculation.

Projects the Cash Flow: The software considers different instances of expected inflow and outflow and
accordingly depicts the cash flow for the specific period. Basic Tally computer software also generates reports for
the same to plan savings and expenditure.

Stay Audit Trail Compliant: With TallyPrime, you can stay audit trail compliant by creating and maintaining all
the transactions along with other details like date and time. It also notes the number of users and deleted
transactions data.

Cheque Management: Easily view, track, and search for your cheque details by keeping all the data in different
cheque books. It offers different cheque books for different banks with unique specifications.

Easy Export Data: TallyPrime lets users export data in six different formats including ASCII (Comma
delimited), Excel (Spreadsheet), HTML (web-publishing), JPEG (Image). It also supports PDF (Portable
Document Format), and XML (data interchange) format.

Maintain a Manufacturing Journal: Maintain the manufacturing journal for your business that includes records
for raw materials procured, total materials sold, product cost. Also record the data for finished products, scraps,
and by-products with computer Tally software.

Create a Detailed Bills of Materials: With TallyPrime, you can easily define raw materials and components
along with their quantity needed to create a finished product. It also lets you mention the by or co products of
finished goods.

Easily Cancel E-Invoice: If the IRN number has already been registered for an invoice then you can easily cancel
the e-invoice by sending data to IRP portal directly.
1. What is Tally Prime?

Ans:- Tally Prime is an Accounting software.

 Versions of Tally software:-

Tally 4.0 Tally 5.4 Tally 8.1 Tally Prime

Tally 4.5 Tally 6.3 Tally 9.0

Tally 5.0 Tally 7.2 Tally .ERP 9

 Note:- Tally Prime is the Latest Version.

 History of Tally Software:-

TALLY

Accounting Software

Tally Solution Pvt. Ltd. (Bangalore)

1988 (Launch)

Used by 100+ Countries

2 Million Users
 Introduction:→

Tally is an Accounting software and Inventory management business software

included with the feature of Taxation & Payroll.
This accounting software is used by small and medium scale business.
Tally software generally maintain the accounting transactions, inventory and stock
management, invoicing or billing, salary management etc.

Tally Software is developed by “Tally Solution Pvt. Ltd.”. Tally is used by over 2
Million users across the world.

 Feature of Tally Software:-

Accounts
Feature

Inventoy Taxation
Feature Feature

Tally
Payroll Data
Feature Maintainance

Banking
Feature
  Accounts Feature :- Related to cash & bank entry.
 Inventory Feature:- Related to Stock/goods/products.
 Taxation Feature:- Related to indirect taxes.
 Payroll Feature:- Related to employees, attendance, salary.
 Data Maintenance:- Related to Password setting, Backup, Restore etc.
 Banking Feature :- Related to cheque management, Bank Reconciliation

TallyPrime Features
Wide range of features to manage your growing business needs

Invoicing & Accounting

TallyPrime makes it amazingly simple to create and record invoices. Optimized invoice components, host of
configurations, multiple billing modes and so on.. makes TallyPrime really moulding to your business. The
wide variety of TallyPrime’s features makes it a simple accounting system.

Inventory Management
The features of TallyPrime’s make it one of the most flexible system for optimal inventory management.
Features such as godown management, multiple stock valuation, manufacturing, batch and expiry date, job
costing etc., and the powerful inventory reports make inventory management a cakewalk.

Insightful Business Reports

TallyPrime's intuitive report dashboard enables you to get all key insights in visual format at one place and
presents your business information in intuitive visual formats. With more than 400 business reports which are
readily available with powerful insights, TallyPrime allows you to make informed decisions. TallyPrime’s
amazing flexibility allows you to slice and dice your reports and look at them the way you want, the way it
works for your business.

GST/ Taxation
With TallyPrime, you can generate GST compliant invoices such as tax invoice, bill of supply etc. in seconds
and file accurate GST returns always. What’s more? You can automatically generate e-invoice and print
invoices with IRN and QR code instantly. Using TallyPrime’s features, you can also manage TDS, TCS and
payroll statutory such as PF, ESI and employee income tax
Credit and Cash Flow Management
By increasing the efficiencies in accounts receivable, accounts payables, inventories, and several other areas of
business, TallyPrime helps you optimise cash flows. TallyPrime’s insightful reports help you to be on top of
your cash flow.

Multi-task Capabilities
TallyPrime supports multi-tasking and helps you handle the day-to-day interruptions. You are in the middle of
the sales invoice but want to record another new sale? Or in the middle of making a payment entry but want to
refer to outstanding report before proceeding? Using TallyPrime, you will be able to handle many such
situations without the hassle of switching between multiple instances of Tally or the worry of losing your
progress.

Go To Feature
With TallyPrime, discovering insights just got easier. This is made possible with TallyPrime’s new and
powerful search bar called “Go To”. Using Go To, you can search and find the things you didn’t know Tally
could do for you and discover new insights to run your business better.

Banking
TallyPrime comes with a wide range of banking features/utilities that help you manage all your banking needs
easily. Using TallyPrime’s banking features such as auto bank reconciliation, pre-defined cheque formats,
cheque management, e-payments etc. makes banking an effortless task.

Online Business Data Access Simplified

TallyPrime with WhatsApp, enabling instant sharing of invoices, orders, reports, and documents in various
formats. Send bulk communications, including ledger reports and reminders, using pre-defined templates.
Access business reports online from any web browser, ensuring data security and accessibility.

Secure Data
We understand that your business data is sensitive and ensure that you will always remain in custody of it. With
multiple user access control and feature-based security levels ensure that access to your data is restricted based
on your choice.

Excel Import Function

Effortlessly import Excel ledgers and transactions into TallyPrime in just a few simple steps. Easily import
Excel data into TallyPrime by mapping it to fields, with sample formats for quick one-click imports.
Where to Use Tally Software?
Basic introduction to Tally computer software can be used in the following industries:
Banking and Finance: TallyPrime helps banks and financial institutions with bank reconciliation, financial
reports and cash deposits slips, etc. They can also use it for managing post-date cheques.

Business Corporations: Corporations can use it for filing GST returns, managing payroll, generating business
reports, managing previous tax regimes data, etc. It also assists them in filing TDS and TDC in the prescribed
format directly.

Manufactauring: Manufacturing businesses get help with inventory, purchase and sales orders, and
manufacturing journal management with Computer Tally software. Further, they also get help with stock
valuation, cash flow projection, e-invoices generation, and more.
Steps of the accounting process
There are 8 steps in the accounting process. This is a framework and it can vary from company to company as each
company has an individual model that it works with.

 Step 1: Transaction identification

You need to identify your business transactions first. Every unique transaction needs to be recorded so that it is reflected
correctly. All expenses such as costs to acquire, repair, and upgrade need to be accounted for. Additionally, every sale
record must be stored so it all sales transactions are in one place.

 Step 2: Journal creation

This step involves recording each transaction in a journal. You can choose between two types of accounting; cash
accounting and accrual accounting. The difference is when the transactions are recorded and stored. Cash accounting is
recorded the moment the cash is paid or received. Accrual accounting is when transactions are recorded as they occur.

 Step 3: General ledger posting

After the entry in the journal, the transaction details need to be reflected in the general ledger. The general ledger allows
the categorization of transactions because they are saved according to different accounts. That is, transactions of the same
account are recorded in one place and so on. This allows easy monitoring according to particular accounts.

 Step 4: Trial balance

In this step, the trial balance is calculated. Ideally, the debits must be equal to credits for every account. The trial balance
throws light on the balances which have not been adjusted yet in every account. When an unadjusted trial balance is
found, it is analysed in the next step of the accounting cycle

 Step 5: Worksheet analysis

Adjustment of the various transaction entries is done in this step of the accounting process. First, you need to create a
worksheet and make sure that the credits and debits are equal to each other. In the case of accrual accounting, there is an
additional step here which is to adjust the entries for revenue and expense matching purposes.

 Step 6: Journal entries adjustment

This is the stage in the accounting cycle where adjustments need to be made. Once the adjustments have been done, the
trial balance is prepared again to ensure that the debits are equal to the credits. Only then can you move on to the next
step.

 Step 7: Financial statements

This step involves the financial statements that are generated after all the entries have been adjusted in the journal. In the
majority of the cases, the major financial statements will include the cash flow statement, income statement, and balance
sheet. These uncover the truth behind how the business is doing financially and how much profits it is earning.

 Step 8: Closing

The last step of the accounting cycle is when the books are closed. This holds for the temporary accounts as they are
shifted to permanent accounts. For example, the profit and loss statement is transferred to the retained earnings accounts
and so on. The closing occurs at the end of the reporting period. After this, the cycle starts again.
Key accounting reports
The critical accounting reports are as follows.

 Balance sheet

The balance sheet contains information about the total liabilities, assets, and stockholder equity. It gives information about
the company’s resources and how these sources are being financed. A balance sheet can help you make better business
decisions.

 Profit and loss statement

The profit and loss statement is also known as P&L and income statement. It shows the revenues and expenses of a
business over a period of time. A business is going in the right direction when the profits exceed its losses.

 Statement of cash flows

This report summarizes the cash that is received or paid. It doesn’t reflect the non-cash transactions that take place such as
purchases made on the basis of credit. It contains three parts; investing, operating, and financing. It gives information
about cash generation.

How accounting software helps businesses

An accounting software tool can take the complexity out of accounting. Whether the business is small, growing, or
enterprise-level, every business needs an accounting software package. TallyPrime is the best example of accounting
software that handles everything. All you need to do is record the bills and invoices. TallyPrime will automate the rest. It
minimizes human errors, automates management of books of accounts, generates informative customized reports and
financial statements, and makes tax returns easy. Additionally, it improves inventory management, ensures tax
compliance, streamlines business processes, aids in business forecasting, and accurately generates financial statements.
This ensures you know how your business is doing at every step of the way.

Some of the key features of TallyPrime:

 Record and bookkeeping

 Invoicing and billing
 Pre-defined chart of accounts
 Accounts receivable and payable management
 Wide range of accounting and financial reports
 Multi-currency support
 Sales and Purchase Management
 Online business reports
 Inventory Management
 Taxation support
Accounting is the language of every business. We can use this language to communicate
financial transactions and their results. Accounting is a system to collect, analyze and
communicate financial information.
In old age accounting means Money.
In 1494, Lucas Pacioli introduced the new concept of accounting. He is also known as
“Father of Accounting”.

Accounting or Book Keeping

Father of Accounting

Lucas Pacioli

Year

In 1494
Place

Italy

 Definition:→
1. Accounting is the process of identifying measuring, recording and
communicating economic information.
Or,
2. Accounting system means of collecting, recording, summarizing, analyzing and
reporting in monetary terms.

Or,
3. Accounting is the managing process of business resources (Money & Material).

Note:- Accounting has been defined in different ways by different authors and
experts.
 Definition of Book Keeping:-

Book Keeping is the art of recording business transactions in systematic manner.

 Definition of Accountancy:-
Accountancy is the practice of recording, classifying and reporting of financial
transactions for a business.
 Definition of Accountant:-

An Accountant maintains, prepares and audits financial records for a company.

 Definition of Finance:-
Finance is the management of large amount of money included with banking,
investments, assets and liabilities. Finance is talking about important decision on
the basis of accounting reports.

 Branches/Types of Accounting:-

Branches of Accounting

Managerial Cost Accounting

Financial Accounting
Accounting Used to record
Used to prepare
Income Statement & Used to make decision manufacturing
and controlling the activities and cost of
Financial Reports.
management activities. production.
 Users of Accounting Information:-
Users

Internal External

Suppliers
Owner/Proprietor

Bank
Employees/Workers

Government
Management

Investos

 Purpose Or Need of Accounting:-

 To record all the transactions of business.

 To provide total earning details of business.
 How much money was earned in previous year?
 How much earn in this year?
 Is our business improving?
 How much money do we have?
 Is our business in profit & loss position?
 Process of Accounting:-
 Collection of Business transactions.
 Recording of transactions (Journalizing).
 Classifying and Calculating (Ledger-Posting).
 Summarizing (Trial Balance).
 Reporting (Final Accounts)

Trading Account

Profit & Loss Account

Balance Sheet

 Stage of Accounting Cycle:-

Financial Transacton

Balance
Journal
Sheet

Accounting Cycle

Profit & Ledger

Loss A/c Posting

Trail
Balance
 *Accounting Year or Financial Year:-
A Financial year is 12 months period over which company’s financial accounts are
calculated. Accounting year is started from 1st April and ends at 31st March.

E.g:- Calendar Year = 1st Jan. to 31st Dec.

Financial Year = 1st Apr. to 31st Mar.

 Basic Accounting Terms:-
Accounting Terms are used in daily business activities.

1. Business:- A Business is an organization or artificial person, where goods or

services are exchanged one to another for earning money.

 There are two types of business

a. Trade Business b. Non-Trade Business

2. Business Transaction:- Exchange or dealing of goods or services in cash or on

credit one business to another .

Transaction

Cash Transaction Credit Transaction

Immediate payment or Payment or receipt of

receipt of cash cash postponed to

3. Proprietor/Owner :- The person who invests his money in business or

organization and bears the all risks.

Business
Invested by Mr. Ram
4. Capital:- Capital is the amount which invested by the proprietor or
owner to start a new business. Capital terms shows the amount or
assets value.
e.g.:- Mr. Ram started a new business with capital Rs. 5,00,000.

Note:- Capital is also called as “Owner’s Equity” or Net Worth.

5. Drawing:-The value of goods cash withdrawn by the owner from his business for
his personal or domestic use.
e.g.:- Mr. Ram withdrawn cash Rs.50,000 from business for his personal use.

Withdrawn 50,000 for personal purpose

Other Discount Types:- Quantity Discount, Free Shipping, Buy One Get One,
Seasonal Discount.
1. Personal Account:- This Account type is identify the terms of persons(Natural &
Artificial Person).
e.g.- Ram’s A/c, Company’s A/c, Creditor’s A/c.

2. Real Account:- Real Account collects the terms of properties and Assets related to
the business.
e.g.- Cash A/c, Car A/c, Building A/c, Land A/c.

3. Nominal Account:- All types of expenses, losses, Incomes and gains accounts are
placed under Nominal Account.
e.g.- Salary A/c, Rent A/c, Discount Received A/c.
 Examples of Personal, Real and Nominal Accounts.

1. Capital A/c → Personal Account

2. Cash-in-hand → Real Account
3. HDFC A/c → Personal Account
4. Furnitures A/c → Real Account
5. Discount Allowed A/c → Nominal Account
6. Cash-at-Bank → Real Account
7. Stock in hand → Real Account
8. Insurance Premium A/c → Nominal Account
9. Office Rent A/c → Nominal Account
10. Repairing charges A/c → Nominal Account
11. Wages A/c → Nominal Account
1. Paid electricity bill Rs. 1500.
Date Particulars LF Debit Credit

01/04 Cash A/c ---------- Dr. 50000

To Capital A/c 50000

(Being Started business)

02/05 Machine A/c----------- Dr. 30000

To Cash A/c 30000

(Being purchase machine)

03/04 Cycle A/c ----------- Dr. 2000

To Cash A/c 2000

(Being purchase a cycle)

04/04 Purchase A/c ------------ Dr. 7000

To Cash A/c 7000

(Being purchase goods in cash)

05/04 Carriage A/c --------- Dr 200

To Cash A/c 200

(Being carriage paid)

 5. Purchased goods from Rajesh Rs. 30,000 and Ajay Rs. 40,000 on credit.
06/04 Cash A/c ---------- Dr. 8000

To Sales A/c 8000

(Being goods sale in cash)

07/04 Cash A/c ----------- Dr. 900

To Interest Received A/c 900

(Being receive interest)

08/04 Electricity Bill A/c 1500

To Cash A/c 1500

(Being paid electricity bill)

Total 99600 99600

 Example of Drawings entries:-

1. Started business with Capital Rs. 1,00,000.

Entry :- Cash A/c --------Dr. 1,00,000.

To Capital A/c 1,00,000.

2. Withdrawn Cash from business Rs. 10,000 for personal use.

Entry :- Drawings A/c --------Dr. 10,000.

To Cash A/c 10,000.
 FOA Assignment No. 1:;-
Identify the nature of accounts (Personal\Real\Nominal):-

1. Postage and telegrams A/c  Personal A/c  Real A/c  Nominal A/c
2. Telephone charges A/c  Personal A/c  Real A/c  Nominal A/c
3. Fixtures and fittings A/c  Personal A/c  Real A/c  Nominal A/c
4. Land and building A/c  Personal A/c  Real A/c  Nominal A/c
5. Discount Allowed A/c  Personal A/c  Real A/c  Nominal A/c
6. Bank overdraft A/c  Personal A/c  Real A/c  Nominal A/c
7. Loan from others  Personal A/c  Real A/c  Nominal A/c
8. Depreciation on assets  Personal A/c  Real A/c  Nominal A/c
9. Printing & Stationery A/c  Personal A/c  Real A/c  Nominal A/c
10. Staff Welfare A/c  Personal A/c  Real A/c  Nominal A/c
11. Capital A/c  Personal A/c  Real A/c  Nominal A/c
12. Sales A/c  Personal A/c  Real A/c  Nominal A/c
13. Bonus A/c  Personal A/c  Real A/c  Nominal A/c
1. Paid General expense Rs. 190.
 Tally Prime
Tally prime is the latest product from Tally solutions which replaces

Tally.ERP 9.

 Key highlights :-
1. You can quickly access your business data through
different reports.
2. Recording your vouchers and masters in Tally Prime is
simple.
3. Introduction of windows key combinations like Ctrl + C, Ctrl
+ V.
4. Mouse compatibility has been enhanced in the product.
5. Enable go to feature in this product.

 How to start Tally Prime :-

Step – Double click on Tally Prime Icon ⭢ Press ‘T’ for continue in
Educational Mode.

 Create a new company :-

Step – Select create company ⭢ Fill the all data of your company
⭢ Accept ⭢Press (Ctrl+ A), Accept.

Press (Alt + K), for company .

  Select (Alt + F3):- To open your existing company from the company
list.
Step: - Press (Alt + k), Company ⭢ Select ⭢ choose name
Or,
Press (Alt + F3), Select.

 Shut (Ctrl + F3):- To close the company.

Step :- Press (Alt + k) , Company ⭢ Shut ⭢Choose name .
Or,
Press (Ctrl + F3), Shut.

 Change (F3):- To start other company from the open list.

Step: - Press (Alt+ K), Company Change  Choose name
Or,
Press (F3), Change.
 Alter:- To Change or add options in company.
Step:- Press (Alt + K), Company ⭢Alter ⭢Choose name  Press
(Ctrl+ A), Accept .

 Delete:- To remove the company .

Step :- Press (Alt + K), Company⭢ Alter ⭢choose name ⭢open
⭢Press (Alt + D), Delete ⭢Yes ⭢Yes.
Gateway of Tally

Gateway of tally contains all features related to your Company.

 Create: - This option contains the feature related to Accounts, inventory
etc.

Group:- The group is a collection of ledgers of the Same nature . Group is

identifying the nature of ledgers.

Automatically creates 34 groups.

Primary Groups = 15
Sub – Groups = 13
Alias = 06

 Creation of Group:-
Step: - GOT ⭢Create ⭢Group

 Display / Alteration of group :-

Step: - GOT ⭢Alter ⭢Group
 List of Groups:-
1. Capital Account
a. Reserve & Surplus (Retained Earning)
2. Current Assets
a. Bank Account
b. Cash-in-Hand
c. Stock-in-Hand
d. Deposits
e. Loan & Advance (Assets)
f. Sundry Debtors
3. Fixed Assets
4. Investments (Assets)
5. Purchase Account
6. Sales Account
7. Current Liabilities
a. Duties & Taxes
b. Provision
c. Sundry Creditors
8. Loan (Liability)
a. Bank OD A/c (Bank OCC A/c)
b. Secured Loan
c. Unsecured Loan
9. Direct Income (Income Direct)
10. Direct Expenses (Expenses Direct)
11. Indirect Income (Income Indirect)
12. Indirect Expenses (Expenses Indirect)
13. Suspense Account
14. Miscellaneous Expenses
15. Branch/Division

 Ledger: - A ledger is the actual account head to identify your

transactions.

Automatically creates two ledgers.

a) Cash b) Profit & Loss A/c

i. Stock Journal.
 Accounting Vouchers

This feature is used to recording of daily basis all transactions in

different voucher’s format.

a) Receipt (F6)

b) Payment (F5)

c) Contra (F4)

d) Journal (F7)

e) Purchase (F9)

f) Sales (F8)
1. Receipt Voucher (F6):- Used to record all cash Or cheque received by the
business.
 Collection from debtors.
 Incomes by sales of fixed assets for cash.
 Receipt like commission, interest, advance
Etc.
 Received capital
 Received loans.

Que.  Started business with Capital Rs. 1, 00,000.

Step: GOT  Vouchers  Press (F6) Press (Ctrl + H), Change mode

a) Double Entry
b) Single Entry
c)
2. Journal Voucher (F7) :-

Used to enter the adjustment transactions or the transactions

without money movement.

 Fixed assets purchased for credit

 Depreciation on Fixed assets
 Party to party adjustment
 Closing Entry adjustment
 Purchase and Sales Return

Step: - GOT  Vouchers  Press F7.

E.g. Purchase machinery from R.K. Traders Rs. 55,000.

3. Purchase Voucher (F9) :-

Used to record credit goods purchase from the supplier.

e.g. Purchased goods from Dinesh & Com. Rs. 40,000.

Step:- GOT  Vouchers  Press F9  Click on “Change Mode”

option  Select “As Voucher”.
Tally Assignment
 Journalize the following transaction and identify the vouchers and groups for ledgers.
1. Azim Khalid started a business with capital Rs. 15, 00,000.
Particulars Group Amount Voucher
Dr.
Cr.
2. Purchased Furniture for Cash Rs. 70,000.
Particulars Group Amount Voucher
Dr.
Cr.
3. Purchased Goods for Cash Rs. 20,000.
Particulars Group Amount Voucher
Dr.
Cr.
4. Purchased goods from Ganesh Retail Store Rs. 55,000 on credit.
Particulars Group Amount Voucher
Dr.
Cr.
5. Purchased office equipments from Radha Enterprises Rs. 90,000 on credit.
Particulars Group Amount Voucher
Dr.
Cr.
6. Owner withdrew Rs. 25, 000 from business for his domestic use.
Particulars Group Amount Voucher
Dr.
Cr.
7. Deposited cash into Bank Of India Rs. 1, 80,000.
Particulars Group Amount Voucher
Dr.
Cr.
8. Transferred cash from Bank Of India to Axis Bank Rs. 50,000.
Particulars Group Amount Voucher
Dr.
Cr.
9. Paid carriage charges on purchase of goods Rs. 2, 000.
Particulars Group Amount Voucher
Dr.
Cr.
10. Received interest from Bank Of India Rs. 3,500.
Particulars Group Amount Voucher
Dr.
Cr.
1. Sold goods to Pranay Traders Rs. 60,000 on credit.
Particulars Group Amount Voucher
Dr.
Cr.
2. Paid cheque of Axis Bank to Ganesh Retail Store Rs. 40,000 against purchase.
Particulars Group Amount Voucher
Dr.
Cr.

3. Goods returned from Pranay Traders Rs. 5, 000 against sales.

Particulars Group Amount Voucher
Dr.
Cr.

4. Withdrawn cash from Bank Of India Rs. 10,000 for office use.
Particulars Group Amount Voucher
Dr.
 Cr.

5. Paid rent to landlord through cheque of Bank of India Rs. 15, 000.
Particulars Group Amount Voucher 6.
Dr.
Cr.
Goods returned to Ganesh Retail Store Rs. 3,000 due to bad quality.
Particulars Group Amount Voucher
Dr.
Cr.
7. Purchased goods from Kamal Enterprises Rs. 90,000 on credit.
Particulars Group Amount Voucher
Dr.
Cr.
8. Purchased 2 pieces of Computer Rs. 24,000 per pcs from Intel Computer Shop on credit.
Particulars Group Amount Voucher
Dr.
Cr.
9. Received cash from Pranay Traders Rs. 35,000.
Particulars Group Amount Voucher
Dr.
Cr.
20. Paid wages to labours of godown Rs. 8,000.
Particulars Group Amount Voucher
Dr.
Cr.
21. Paid salaries to staffs through cheque of Bank of India Rs. 54, 000.
Particulars Group Amount Voucher
Dr.
Cr.
22. Paid cash to Intel Computer Shop Rs. 40,000.
Particulars Group Amount Voucher
Dr.
Cr.
23. Received commission of Rs. 8,600.
Particulars Group Amount Voucher
Dr.
Cr.
24. Sold goods to Yash & Com. Rs. 80,000 on credit.
Particulars Group Amount Voucher
Dr.
Cr.
25. Opened a new bank account in State Bank of India Rs. 2,00,000.
Particulars Group Amount Voucher
Dr.
Cr.

*****************************

 Tally Assignment
1. Create a new company.
 For Stock Report :-

Stock Summary

The Stock Summary is a statement of the stock-in-hand on a

particular date, and it updates the stock record real time. Stock
Summary provides information on stock groups, and shows the
quantity details, rate, and closing value of the stock items under
each group.

Step:- GOT  Stock Summary  Press (Alt + F1)

 TALLY PROFESSIONAL ASSIGNMENTS
Tally Assignment

1. Open a new company.

2. Journalize the following transactions.
a. Mr. Aakash Started business of Electronics product with capital Rs. 18, 00,000.
b. Deposited cash into Bank of Baroda Rs. 1, 00,000 and SBI Rs. 60,000.
c. Purchased furniture & fixture Rs. 40,000 and office equipment Rs. 20,000.
d. Purchased Laptop Rs. 52,000, CCTV Camera Rs. 32,000 and Printer Rs. 16,000.
e. Purchased Glass Counter table Rs. 19,500 from Sagar Industries on credit.
3. Record the statement of following inventories-
STOCK STOCK GODOWN
STOCK ITEMS QTY. RATE/Per
GROUPS CATEGORIES
Syska LED Bulb 80 Pcs 75.00
Philips LED Light 56 Pcs 55.00
Philips LED Tube 44 Pcs 110.00 Aakash Store 1,
INDOOR
Bajaj LED Down light 15 Pcs 260.00 Gandhi Maidan
LIGHTS
Surya LED Lamp 23 Pcs 58.00
Osram CFL Bulb 32 Pcs 85.00
Syska Ceiling Light 22 Pcs 65.00
Hitachi Washing Machine 8 Nos. 6,300.00
HOME Havells Electric Iron 15 Nos. 1,100.00
APPLIANCES Bajaj Vacuum Cleaner 9 Nos. 4,500.00
Philips Air Purifier 12 Nos. 5,600.00 Aakash Store 2,
Bajaj Mixer Grinder 19 Nos. 1,800.00 Patna City
LG Microwave Oven 14 Nos. 6,200.00
KITCHEN
Electrolux Kitchen Chimney 16 Nos. 7,100.00
APPLIANCES
Maytag Juicer Mixer 22 Nos. 3,200.00
LG Induction Cooker 25 Nos. 2,300.00
Havells Fancy Light 18 Pcs 250.00
Rozy Wall Light 26 Pcs 160.00 Aakash Store 3,
DECORATIVE
Philips Table Lamp 23 Pcs 220.00 Boring Road
LIGHT
Syska Hanging Lights 12 Pcs 630.00
Surya Gate Light 42 Pcs 320.00
Havells Ceiling Fans 18 Nos. 1,080.00
Voltas Window A.C 8 Nos. 31,500.00
FANS, AC & LG Air Cooler 16 Nos. 5,800.00 Aakash Store 2,
COOLER Toofan Table Fan 12 Nos. 1,360.00 Patna City
Samsung Split A.C 16 Nos. 43,000.00