Introduction

INTRODUCTION
Tally is versatile and massive software package. It is used by various types of trade and industry.
Tally software business was set up in 1986 by late S.S Goenkar, who was the founder of the
company Peutronics Private Limited, Bangalore. He mentors his son Bharat Goenkar in creating
software that would handle the financial accounts for his business. Bharat Goenkar spends a lot
of months to develop path breaking technology. Tally is user friendly software used to solve all
the complicated accounting structure. Bharat Goenkar 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 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 application
to tally, you have to export data in tally acceptable format in ASCII. The milestone statement of
the Tally division is Continuously doing the right thing.
GENERAL FEATURES
I.
The new option directories have been introduced to specify Data Directory in the
II.
III.
IV.
V.
Company creation Screen.

To keep data for one company in one drive/directly.
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 form.
All the profitability reports, invoice wise reports, godown wise reports are summarized
VI.
VII.
VIII.
easily.
Display all vouchers for a grouping method.
Income and expenditure statement also available to view Profit and loss account.
Using the tally Defined Language, we customize the user friendly environment to the
IX.
organization.
Tally is availability on windows 95, 98 XP, 2000, NT and Linux. This software is run on
single personal Computer, LAN and WAN. If on a Network supports access via any
X.
combination of platforms.
Tally is now Web Enabled. While working with tally you can browse by clicking the
browser button.
TRIAL BALANCE
QUESTION 1:
PREPARE A TRIAL BALANCE
S.NO
PARTICULAR
DEBIT
3
CREDIT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
Stock
Wages
Carriage
Commission
Purchase
Return Inwards
Trade Expenditure
Rent
Plants
Repairs For Plants
Cash
Bank
Sundry Debtors
Income Tax
Return Outwards
Sales
Discount Received
Sundry Creditors
Capital
Loan
Drawings
TOTAL
10600
2200
200
300
12000
440
580
200
2600
460
200
1000
3000
500
150
25200
400
830
7000
1400
700
34980
34980
Procedure
Step 1. Gateway of Tally Screen
Create Company 146CO246 Q1
Step 2. Go to F11
Accounting Features
Step 3. Go to F12
Accts/Inventory Info

Step 5. For Output
Everything should be No
Everything Should be No
Account Info
Gateway of Tally
Display
Rs.34,980/-
Ledger
Multiple Ledger
Trial Balance
Create
QUESTION 2:
S.NO
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
23
24
PARTICULAR
Drawings
Capital
Sundry Creditors
Sundry Debtors
Bill Payable
Bill Receivable
Loan From Karthik
Furniture
Stock
Cash
Bank
Income Tax
Sales
Salaries
Sales Return
Purchase Return
Travelling Expense
Commission
Discount Earn
Rent
Bank Overdraft
Purchase
Trading Expense
DEBIT
6000
CREDIT
24000
43000
50000
4000
5200
10000
4500
47000
900
12500
3500
128000
9500
1000
1100
4600
100
4000
2000
6000
70800
2500
220100
TOTAL
220100
Procedure
Step 2. Go to F11
Accounting Features
Step 3.Go to F12

Step 5. For Output
Account Info
Gateway of Tally
Display
9
Ledger
Multiple Ledger
Trial Balance
Create
Rs.2,20,100/-
10
11
12
QUESTION 3:
S.NO
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
23
PARTICULAR
Stock
Bill Payable
Salaries
Cash
Bank Overdraft
Sundry Debtors
Bank
Sales
Wages
Prepaid Insurance
Deprecation On Plants
Capital
Sundry Creditors
Loan From Krishna
Discount Allow
Accrued Interest Payable
Purchase
Reserve For Bad Debts
Trade Expense
Outstanding Salaries
Plants & Machinery
Outstanding Interest On Overdrafts
Total
DEBIT
10000
5000
5000
12000
4000
15000
18000
80000
1000
2500
8000
60000
10000
25000
700
5000
30000
1200
500
2000
90000
192700
Procedure
Step2. Go to F11
Accounting Features
Step 3. Go to F12
Step 4.Gateway of Tally Screen
CREDIT
Account Info
Create
13
Ledger
Multiple Ledger
500
192700
Step 5. For Output
Gateway of Tally
Display
Rs.1,92,700/-
14
Trial Balance
15
16
QUESTION 4:
S.NO
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
PARTICULAR
Capital
Sundry Creditors
Bill Payable
Sales
Sundry Debtors
Salaries
Discount
Postage
Bad Debts
Interest
Insurance
Machinery
Stock
Purchase
Wages
Buildings
Furniture
Loan
DEBIT
7770
8000
2000
546
574
2590
834
20000
19890
124184
8600
47560
32310
Total
274858
Procedure
CREDIT
72000
17440
5054
156364
Step 2. Go to F11
Accounting Features
Step 3. Go to F12
17
24000
274858
Account Info
Ledger
Multiple Ledger
Create
Step5.For Output
Gateway of Tally
Display
Rs.2,74,858/-
18
Trial Balance
19
20
QUESTION 5:
S.NO
1
2
3
4
5
6
7
8
9
10
11
12
13
14
PARTICULAR
Cash
Capital
Bank
Purchase
Furniture
Discount Received
Rent
Sales
Purchase Return
Sales Return
Discount Allow
Drawings
Stationary
Salaries
DEBIT
20990
90000
29500
44000
10000
40
2500
25000
2000
1000
50
2500
500
6000
117040
Total
Procedure
Step 2. Go to F11
CREDIT
Accounting Features
21
117040
Step 3. Go to F12
Account Info
Ledger
Multiple Ledger
Create
Step5.For Output
Gateway of Tally
Display
Rs.1,17,040/-
22
Trial Balance
23
24
FINAL ACCOUNTS
25
QUESTION 6:
PREPARE A FINAL ACCOUNTS
S.NO
PARTICULAR
1
Capital
2
Drawings
3
General Expense
4
Building
5
Machinery
6
Bank Overdraft
7
Sundry Creditors
8
Loan
9
Purchase
10
Reserve Fund
11
Car Expense
12
Cash
13
Stock
14
Power
15
Taxes & Insurance
16
Wages
17
Sundry Debtors
18
Charity
19
Bad Debts
20
Sales
21
Motor Car
22
Commission
23
Bill Payable
Adjustment
DEBIT
4000
5000
22000
18680
6600
5000
15760
94000
1800
3600
160
32400
4480
2630
14400
12560
210
1100
130720
4000
2640
6700
Closing Stock Rs.47,000/-
Procedure
Step1. Gateway of Tally Screen
Step 2. Go to F11
Accounting Features
Step3. Go to F12
CREDIT
50000
Account Info
Create
26
Ledger
Multiple Ledger
Entre following transaction in their relevant accounts

Account Info
Ledger
Single Ledger
Closing Stock Rs.47,000/Step6. For Output
Gateway of Tally
Profit or Loss (Alt +F2)
Gross Profit Rs.32,440/ Net Profit Rs.22,540/Step7. For Output
Gateway of Tally
Balance Sheet(Alt +F2)
Rs.1,04,400/-
27
Alter
28
29
30
QUESTION 7:
31

S.NO
PARTICULAR
1
Stock
2
Wages
3
Purchase Return
4
Carriage
5
Export Duty
6
Sales
7
Coal & Fuel
8
Sales Return
9
Printing & Stationary
10
Salaries
11
Rent & Rates
12
Deprecation
13
Repairs
14
Discount Allow
15
Bad debts
16
Advertisement
17
Gas & water
18
Factory Lighting
19
General Expense
20
Purchase
Adjustment
DEBIT
200000
100000
13250
5000
9000
575000
25000
10000
2250
30000
12000
3020
6000
12505
9000
2500
1500
2500
4000
255000
Closing Stock Rs.4,00,000/-
Procedure
Step 2. Go to F11
Accounting Features
Step3. Go to F12
CREDIT
Account Info
Create
32
Ledger
Multiple Ledger

Account Info
Ledger
Single Ledger
Closing Stock Rs. 4,00,000/Step6. For Output
Gateway of Tally
Gross Profit Rs.3,94,250/ Net Profit Rs.2,98,975/Step7. For Output
Gateway of Tally
Rs.4,00,000/-
33
Alter
34
35
QUESTION 8:
S.NO
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
PARTICULAR
Capital
Buildings
Machinery
Sundry Debtors
General Expense
Rent
Drawings
Electricity Bill
Carriage Inwards
Bank
Return Inwards
Return Outwards
Salaries
Discount Allow
Stock
Bill Payable
Sales
Purchase
Wages
Cash
Sundry Creditors
DEBIT
18750
9250
7000
800
3710
650
190
850
3000
450
110
1110
200
16500
5000
63500
46850
2500
1800
10000
Adjustment
Procedure
CREDIT
35000
Step 2. Go to F11
Accounting Features
Step3. Go to F12
36
Account Info
Ledger
Multiple Ledger
Create
Account Info
Ledger
Single Ledger
Closing Stock Rs. 18,210/Step6. For Output
Gateway of Tally
Gateway of Tally
Rs.58,010/-
37
Alter
38
39
QUESTION 9:
S.NO
PARTICULAR
1
Capital
2
Sundry Creditors
3
Bill Payable
4
Sales
5
Sundry Debtors
6
Salaries
7
Discount
8
Postage
9
Bad debts
10
Interest
11
Insurance
12
Machinery
13
Stock
14
Purchase
15
Wages
16
Building
17
Furniture
18
Loan
Adjustment
DEBIT
7770
8000
2000
546
574
2590
834
20000
19890
124184
8600
47560
32310
24000
Procedure
CREDIT
72000
17440
5054
156364
Step 2. Go to F11
Accounting Features
Step3. Go to F12
40
Account Info
Ledger
Multiple Ledger
Create
Account Info
Ledger
Single Ledger
Gateway of Tally
Gateway of Tally
Rs.1,36,240/-
41
Alter
42
43
Question 10:
S.NO
PARTICULAR
1
Stock
2
Bill Received
3
Purchase
4
Wages
5
Insurance
6
Sundry Debtors
7
Carriage Inwards
8
Commission
9
Interest On Capital
10
Stationary
11
Return Inwards
12
Commission Received
13
Return outwards
14
Trade Expense
15
Furniture
16
Cash
17
Bank
18
Rent & Taxes
19
Carriage Outwards
20
Sales
21
Bill Payable
22
Sundry Creditors
23
Capital
Adjustment
DEBIT
500
2250
19500
1400
550
15000
400
400
350
225
650
200
250
100
500
250
2375
550
725
25000
1500
9825
8950
Procedure
Step 2. Go to F11
Accounting Features
Step3. Go to F12
CREDIT
Account Info
Create
44
Ledger
Multiple Ledger

Account Info
Ledger
Single Ledger
Gateway of Tally
Gateway of Tally
Balance Sheet (Alt +F2)
Rs.32,875/-
45
Alter
46
QUESTION 11:
47

S.NO
PARTICULAR
1
Capital
2
Sales
3
Purchase
4
Salaries
5
Rent
6
Insurance
7
Drawings
8
Machinery
9
Bank
10
Cash
11
Stock
12
Sundry Debtors
13
Sundry Creditors
Adjustment
DEBIT
15000
2000
1500
300
5000
28000
4500
2000
5200
2500
1000
Closing Stock Rs.4,900 /Outstanding Salaries for Rs.300/Rent Paid in advance for Rs.200/Prepaid Insurance Rs.90/-
Procedure
CREDIT
40000
25000
Step 2. Go to F11
Accounting Features
Step3. Go to F12
48
Account Info
Ledger
Multiple Ledger
Create
Account Info
Ledger
Single Ledger
Closing Stock Rs. 9,700/Step 6. Gateway of Tally Screen

Step 7. For Output
Accounting Vouchers
Gateway of Tally
Journal (F7)
Gross Profit Rs.9,700 Net Profit Rs.5,890/Step 8. For Output
Gateway of Tally
Rs.42,190/-
49
Alter
50
51
52
53
QUESTION 12:
S.NO
PARTICULAR
1
Land & Buildings
2
Machinery
3
Pattern
4
Stock
5
Sundry Debtors
6
Purchase
7
Cash
8
Bank
9
Return Inwards
10
Fuel & Power
11
Wages
12
Carriage on sales
13
Carriage on Purchase
14
Salaries
15
General Expense
16
Insurance
17
Drawings
18
Capital
19
Sales
20
Return Outwards
21
Sundry Creditors
22
Bill Payable
Adjustment
DEBIT
42000
2000
7500
5760
14500
40675
540
2630
680
4730
8480
3200
2040
15000
3000
600
5245
62000
98780
500
6300
900
Closing Stock for Rs.6,800/Prepaid Insurance for Rs.1,50/Deprecation on Machinery & Pattern is 10% & 20%
Outstanding Salary Rs1,500/Create a provision on 2% on Sundry Debtors for Bad Debts
Procedure
CREDIT
Step 2. Go to F11
Accounting Features
Step3. Go to F12
54
Account Info
Ledger
Multiple Ledger
Create
Account Info
Ledger
Single Ledger
Accounting Vouchers
Entre following journal in their relevant Voucher

Step 7. For Output
Gateway of Tally
Profit or Loss
Gross Profit Rs.43,715/ Net Profit Rs.17,065/Step 8. For Output
Gateway of Tally
Balance Sheet
Rs.90,620/-
55
Journal (F7)
Alter
56
57
QUESTION 13:
58

S.NO
PARTICULAR
1
Stock
2
Purchase
3
Wages
4
Carriage Inwards
5
Carriage Outwards
6
Salaries
7
Rent
8
Discount
9
Repairs
10
Bank
11
Cash
12
Sundry Debtors
13
Bad Debts
14
Sales Return
15
Furniture
16
Advertisement
17
Furniture
18
General Expense
19
Drawings
20
Goodwill
21
Buildings
22
Machinery
23
Bill Received
24
Capital
25
Bill Payable
26
Sundry Creditors
27
Purchase Return
28
Sales
Adjustment
DEBIT
40000
51000
26000
1000
500
35000
5000
1100
2300
25000
1600
45000
1200
2000
6000
3500
3500
450
45000
90000
60000
40000
6000
160000
35000
70000
2650
218000
Closing Stock Rs.35,000 /Outstanding wages Rs.1,500/Advertisement Paid in advance for Rs.500/Depreciation on Machinery & Furniture by 10%
Create 5% Provision on Sundry debtors for Bad Debts
Procedure
Step 2. Go to F11
CREDIT
Accounting Features
59
Step3. Go to F12
Account Info
Ledger
Multiple Ledger
Create
Account Info
Ledger
Single Ledger
Accounting Vouchers
Journal (F7)
Entre following Journal in their relevant Voucher

Step 7. For Output
Gateway of Tally
Gross Profit Rs.1,34,150 Net Profit Rs.80,750,/Step 8. For Output
Gateway of Tally
Balance Sheet (Alt +F2)
Rs.3,02,250/-
60
Alter
61
62
63
QUESTON 14:
S.NO
PARTICULAR
1
Capital
2
Drawings
3
Bank
4
Cash
5
Wages
6
Purchase
7
Sales
8
Stock
9
Buildings
10
Sundry Debtors
11
Sundry Creditors
12
Bill Received
13
Rent
14
Commission
15
General Expense
16
Furniture
Adjustment
DEBIT
4000
1700
6500
1000
2000
16000
6000
10000
4400
4500
2900
450
250
300
500
Closing Stock for Rs.4,000/Interest on Capital provides is Rs.6%

Interest on Drawings Provide is Rs. 5%
Wages to be paid Rs.100/Prepaid Rent in advance for Rs. 50/-
Procedure
CREDIT
20000
Step 2. Go to F11
Accounting Features
Step3. Go to F12
64
Account Info
Ledger
Multiple Ledger
Create
Account Info
Ledger
Single Ledger
Accounting Vouchers
Journal (F7)

Step 7. For Output
Gateway of Tally
Gross Profit Rs.10,900 Net Profit Rs.8,450/Step 8. For Output
Gateway of Tally
Rs.30,050/-
65
Alter
66
67
68
QUESTION 15:
S.NO
PARTICULAR
1
Purchase
2
Salaries
3
Rent
4
Sundry Debtors
5
Cash
6
Wages
7
Bank
8
Stock
9
Machinery
10
Buildings
11
Insurance
12
Capital
13
Sundry Creditors
14
Sales
15
Loan
Adjustment
DEBIT
8000
3000
1500
30000
1500
2000
3000
2000
15000
30000
2500
40000
8500
38000
12000
Closing Stock for Rs.18,000/Outstanding Salaries for Rs.500/Prepaid Insurance for Rs.250/Depreciation of machinery at 10%
Create provision on Sundry Debtors at 2%.
Procedure
Step 2. Go to F11
CREDIT
Accounting Features
69
Step3. Go to F12
Account Info
Ledger
Multiple Ledger
Create
Account Info
Ledger
Single Ledger
Accounting Vouchers
Journal (F7)

Step 7. For Output
Gateway of Tally
Gross Profit Rs.44,000/ Net Profit Rs.34,650/Step 8. For Output
Gateway of Tally
Rs.95,650/-
70
Alter
71
72
73
ACCOUNTING VOUCHER
74
QUESTION 16;
Journalize following transaction Radha & Son
1st January
Business started for Rs.2,50,000/Cash Deposited with Bank Rs. 1,50,000/-
3rd January
Purchase Machinery on credit from rangan Rs.50,000/-
6th January
Brought Furniture from Ramesh for Cash Rs.25,000/-
12th January
Sold goods for Cash Rs. 50,000/-
13th January
Goods Return by Yashoda Rs.2,500/-
15th January
Goods sold for Cash Rs.50,000/-
17th January
Goods brought for Cash Rs.25,000/-
20th January
Cash Received from Yashoda Rs.20,000/-
21th January
Cash Paid by Ramola Rs.20,000/-
25th January
Cash Withdrawn from Bank Rs.50,000/-
29th January
Paid Advertisement expense for Rs.12,500/-
30th January
Brought Office &Stationary for Cash Rs.5,000/-
31th January
Cash withdrawn from Bank Personal use Rs.6,250/Salaries Paid for Rs.15,000/Rent Paid for Rs.2,500/-
75
Procedure
Step 2. Go to F11
Accounting Features
Everything Should be No Except
INVOICING
Allow Debit or Credit Notes YES
Step 3. Go to F12
Step 4. Go to Gateway of Tally Screen
Account Info
Ledger
Create
Accounting Vouchers
Entre following Journal in their relevant Vouchers

Step 6. Go to gateway of tally
Display
Daybook
76
Multiple Ledger
77
78
79
QUESTION 17:
Journalize following transaction Mr. Hariprasad
1st July Commented business with cash Rs.1,80,000/Deposited Cash with Bank Rs. 55,000/4th July
Purchase Goods for cash Rs.22,000/-
5th July
Brought Good Swami Rs. 72,000/-
8th July
Cash Sales Rs.18,000/-
11th July
Cash Deposited in bank Rs. 23,000/-
14th July
Purchase Furniture Rs. 4,000/-
15th July
Sold goods to Vivek Rs. 12,700/-
17th July
Received Cash from Vivek Rs. 12,446/- and allow his discount Rs. 240/-
18th July
Paid Swami Cash Rs. 12,000/- and Discount allow by him Rs. 240/-
21st July
Sold Good to Jaidiesh Rs. 35,000/-
22nd July
Paid Cash for Trade expense Rs 180/-
23rd July
Sold to Rajan Rs.23,280/-
25th July
Received From Jaidiesh Rs. 21000/- and Discount allow him Rs.525/-
26th July
Paid Swami Accounts Rs.24,000/-
28th July
Sold Goods for cash Rs.9,000/-
29th July
Paid Cash for Stationary Rs. 180/-
30th July
Paid cash for miscellaneous Expense Rs.150/-
31st July
Brought From Sridhar Rs.17870/Withdrawn Cash private expense Rs.1,480/-
80
Procedure
Step 2. Go to F11
Accounting Features
Everything Should be NoExcept
INVOICING
Step 3. Go to F12
Account Info
Ledger
Create
Accounting Vouchers

Display
Daybook
81
Multiple Ledger
82
83
QUESTION 18:
Journalize following transaction
1st March
Paid Rent for the Months Rs.600/-
2nd March
Paid Cash for Office & stationary Rs.60/-
8th March
Purchase equipment on accounts Rs.10,000/-
13th March
Paid Advertisement expense Rs. 600/-
15th March
Received Cash from Kumar on Accounts Rs.10,000/-
18th March
Paid Mohan on accounts Rs.4,000/-
25th March
Withdrawn Cash for Personal Use Rs.2,000/-
29th March
Paid Telephone Bill Rs. 20,000/-
30th March
Fee earned and build to customer Rs. 20,000/-
31st March
Paid for repair Type Writer Rs.300/Electric Bill for Rs. 400/-
84
Procedure
Step 2. Go to F11
Accounting Features
INVOICING
ALLOW Debit or Credit Notes YES
Step 3. Go to F12
Account Info
Ledger
Create
Accounting Vouchers

Display
Daybook
85
Multiple Ledger
86
QUESTION 19:
87

3rd January
Received cash from ram Rs. 15,000/-
4th January
Purchase goods Rs. 25,00/-
11th January
Sold goods to Anbu Rs. 32,00/-
13th January
Paid Laxman Rs.1,400/-
17th January Received from Raju Rs.11,00/Brought Purchase furniture on Credit Rs.2,200/27th January
Paid Rent Rs.5,00/-
31rd January
Paid Salary Rs.2,000/-
Procedure
88

Step 2. Go to F11
Accounting Features
INVOICING
Step 3. Go to F12
Account Info
Ledger
Create
Accounting Vouchers

Display
Daybook
89
Multiple Ledger
90
QUESTION 20:
91

Commented business with cash Rs.10,00,000/Purchase of Machinery Rs.2,00,000/Cash Purchase Rs. 1,50,000/Cash Sales Rs. 2,20,000/Paid Salary Rs. 15,000/Rent Paid Rs. 24,000/Wages Paid Rs. 15,000/Credit Purchase from Bajaji Rs. 10,000/-
Procedure
92

Step 2. Go to F11
Accounting Features
INVOICING
Step 3. Go to F12
Account Info
Ledger
Create
Accounting Vouchers

Display
Daybook
93
Multiple Ledger
94
95
INVENTORY ACCOUNTING
QUESTION 21:
96
Santos Trading Company Started business of garments from1/04/ 2006

01-04-2006
Received capital Rs.2,00,00/Cash Deposit in SBI bank Rs.1,00,000/-
05-04-2006
Credit Purchase from Royal textile

Cotton Sari 75Nos at Rs.300 each
Salwar 100Nos at Rs.400 each
07-04-2006
cash Purchase
Cotton sari 50Nos at Rs.300 each
Salwar 50Nos at 400 each
10-04-2006
Credit Purchase from Ram

T-shirt 100Nos at Rs.800 each
Formal Pants 60Nos at Rs. 1000 each
15-04-2006
Cash Sales
Cotton Sari 40Nos at Rs. 500 each
Salwar 25Nos at Rs. 750 each
18-04-2006
Cash Sales
Formal pants 20Nos at Rs.1,300 each
Credit Sales to London Textile
Cotton sari 60Nos at Rs.500 each
Salwar 100Nos at Rs.750 each
Procedure
97

Step 2. Go to F11
Accounting Feature
INVOICING
Allow Invoicing Features YES
Step 3. Go to F11
Inventory Feature
INVOICING
Step 4. Go to F12

Create
Account Info
Ledger

Inventory Info
Unit of Measure
Create
Stock Group
Create
Stock Items
Create
Accounting Vouchers
Entre Following Journal in their relevant Vouchers

Display
Daybook for view
98
Multiple Ledger
99
100
101
102
QUESTION 22:
Arul Trading Company Started business on 01-04-2006
01-04-2006
Cash introducing by arul as Captial Rs.20,00,000/-
03-04-2006
Salary Paid Rs.6,000/Cash Purchase

Samsung 1500Nos at Rs.20,000 Each
Sony 2800Nos at Rs.10,000 Each
L G 1600Nos at Rs. 7000 Each
Videocon 2000Nos at Rs. 10,000 Each
10-04-2006
Cash Sales
Samsung 1200Nos at Rs.30,000Each
Sony 2300Nos at Rs. 15,000 Each
LG 900Nos at Rs. 10,000 Each
Videocon 1800 Nos at Rs. 18,000 Each
15-04-2006
Credit Purchase from ABC LTD

Samsung 2500Nos at Rs.20,000 Each
Sony 3000Nos at Rs.10,000 Each
L G 4000Nos at Rs. 7000 Each
Videocon 2800Nos at Rs. 10,000 Each
24-04-2006
Credit sales to XYZ LTD

Samsung 1100Nos at Rs.30,000Each
Sony 2900Nos at Rs. 15,000 Each
LG 3200Nos at Rs. 10,000 Each
Videocon 2500Nos at Rs. 18,000 Each Procedure

103

Step 2. Go to F11
Accounting Feature
INVOICING
Step 3. Go to F11
Inventory Feature
INVOICING
Step 4. Go to F12

Create
Account Info
Ledger

Inventory Info
Unit of Measure
Create
Stock Group
Create
Stock Items
Create
Accounting Vouchers

Display
Daybook for view
104
Multiple Ledger
105
106
107
QUESTION 23:
Mr. X Trading Company Started business on 01-04-2006
01-04-2006
Cash introducing by Mr. X Capital Rs.5,00,000/-
03-04-2006
Opening Stock of Each stock 1000 Nos

Cash Purchase
Lux1500Nos at Rs.20 Each
Haman 2800Nos at Rs.10 Each
Rim 1600Nos at Rs. 7 Each
Neerma 2000Nos at Rs. 10 Each
10-04-2006
Cash Sales
Lux 2200Nos at Rs.30Each
Haman 2300Nos at Rs. 15Each
15-04-2006
Credit Purchase from ABC LTD

Lux 2500Nos at Rs.20 Each
Haman 3000Nos at Rs.10 Each
24-04-2006
Credit sales to XYZ LTD

Lux 2100Nos at Rs.30Each
Haman 2900Nos at Rs. 15Each
108
Procedure
Step 2. Go to F11
Accounting Feature
INVOICING
Step 3. Go to F11
Inventory Feature
INVOICING
Step 4. Go to F12

Create
Account Info
Ledger

Inventory Info
Unit of Measure
Create
Stock Group
Create
Stock Items
Create
Accounting Vouchers

Display
Daybook for view
109
Multiple Ledger
110
111
112
QUESTION 24:
Trading Company Started business on 01-04-2006
01-04-2006
Capital Rs. 10,00,000/-
02-04-2006
Rent & rates Rs.10,000/-
03-04-2006
Commission Received Rs.6,000/-
04-04-2006
Salary Paid Rs.5,000/-
05-05-2006
Cash withdrawn for office use Rs.2,000/-
05-05-2006
Cash Purchase
Refined oil 30liters at Rs. 300 Each
Olive Oil 20 liters at Rs.700 Each
Rice 20 Kgs at Rs. 150 Each
Sugar 15 Kgs at Rs. 200 Each
08-05-2006
Credit Purchase from Rajesh Ltd

Olive Oil 50 liters at Rs.700 Each
Sugar 10 Kgs at Rs. 250 each
10-05-2006
Credit Sales to Sita LTD

Olive Oil 30 liters at Rs.1,000 Each
Sugar 15 Kgs at Rs. 300 each
113
Procedure
Step 2. Go to F11
Accounting Feature
INVOICING
Step 3. Go to F11
Inventory Feature
INVOICING
Step 4. Go to F12

Create
Account Info
Ledger

Inventory Info
Unit of Measure
Create
Stock Group
Create
Stock Items
Create
Accounting Vouchers

Display
Daybook for view
114
Multiple Ledger
115
116
117
QUESTION 25:
Kiran & Electrical started business on 01-04-2006
01-04-2006
Received Cash Rs.8,00,000/Deposited into Bank Rs.3,00,000/-
07-04-2006
Purchase Order made to Usha Fan House Order NO 124

Ceiling Fan 150Nos at Rs.1,500 Each
Table Fan 150Nos Rs. 1,200 Each
10-04-2006
Purchase Order made Rani Electrical Order .NO 125

Table Fan 150Nos at Rs. 1,200 Each
19-04-2006
Received Material for Purchase Order NO 124
20-04-2006
Return 10Nos of Ceiling Fan & 5 Nos of Table Fan for Oder No. 124
21-04-2006
Purchase order Raised for Order No. 124 & 125
22-04-2006
Sales Order received for Anjali trader Order No 101

Ceiling Fan 300Nos at Rs. 2,000 Each
Table Fan 300Nos at Rs.1,500 Each
01-05-2006
Delivery Note raised for Order No. 101
12-05-2006
Return 5 Nos of Ceiling fan & 10Nos of Table fan for Order No. 101
14-05-2006
Sales invoice raised for order No. 101
17-05-2006
Sales Order received from Abi Traders Order No. 102

Table fan 200Nos at Rs.1,500 Each
19-05-2006
Delivery Note raised for Order No. 102
21-05-2006
Sale Invoice raised for Order No 102
118
Procedure
Step 2. Go to F11
Accounting Feature
INVOICING
Step 3. Go to F11
Inventory Feature
INVOICING
ORDER PROCESSING
Allow Purchase Order Processing YES
Allow Sales Order Processing YES
OTHER FEATURES
Use Tracking Number YES
Use Rejection Inwards or Outwards notes YES
Step 4. Go to F12
Account Info
Ledger
Create
Inventory Info
Unit of Measure
Create
Stock Group
Create
Stock Items
Create
Accounting Vouchers

Display
Daybook for view
119
Multiple Ledger
120
121
122
123
124
QUESTION 26:
Sampath & co. started business on 01-04-2006
01-04-2006
Received Cash Rs.16,00,000/Deposited into Bank Rs.2,00,000/-
08-04-2006
Paid Salary Rs.4,000/-
09-04-2006
Paid Rent Rs. 10,000/-
10-04-2006
Cash Withdrawn for Shop use Rs. 20,000/-
11-04-2006
Purchase Order made to Bala & co Order NO 10

Mixe 100Nos at Rs.2,000 Each
Grinder 50Nos Rs. 2,500 Each
Electric rice Cooker 150Nos at Rs.4,000 Each
18-04-2006
20-04-2006
Return 50Nos of Mixe & 5 Nos of Grinder for Oder No. 10
21-04-2006
Purchase order Raised for Order No. 10

Purchase Order Made to Kiran & co. Order No. 11
Mixe 50Nos at Rs. 18,000 Each
Grinder 80Nos at Rs. 2,000 Each
Electrical Rice Cooker 80Nos at Rs.3,500 Each
23-04-2006
24-04-2006
Return 10Nos of Electrical Rice Cooker for Order No 11
25-04-2006
Purchase Invoice raised for Order No.11
25-04-2006
Sales Order from Anu trader for order No.20

Mixe 90Nos at Rs.2,000 Each
Grinder 80Nos at Rs. 2,600 Each
Electrical Rice Cooker 160Nos at Rs.4,200 Each
27-04-2006
Goods sent for delivery order NO 20
28-05-2006
Return 10Nos of Mixe & 20Nos of Electrical Rice Cooker for Order No. 20
29-04-2006
Sale Invoice raised for Order No 20
125
Procedure
Step 2. Go to F11
Accounting Feature
INVOICING
Step 3. Go to F11
Inventory Feature
INVOICING
ORDER PROCESSING
OTHER FEATURES
Step 4. Go to F12
Account Info
Ledger
Create
Inventory Info
Unit of Measure
Create
Stock Group
Create
Stock Items
Create
Accounting Vouchers

Display
Daybook for view
126
Multiple Ledger
127
128
129
130
QUESTION 27:
Mali & co. started business with electrical items
01-04-1999
Received cash for capital Rs. 20,00,000/-
03-04-1999
Deposited Cash into bank Rs. 1,00,000/-
05-04-1999
Paid Rent Rs. 15,000/-
10-04-1999
Purchase Order made Sampath & co. order No. 1

Monitor 100Nos at Rs. 15,000 Each
Mouse 50Nos at Rs. 450 Each
Keyboard 150Nos at Rs. 2,500 Each
15-04-1999
Received Material for Purchase order No. 1
18-04-1999
Return for Order No. 1 as Monitor 8Nos; Mouse 3Nos & keyboard 3Nos
20-04-1999
Purchase invoice raised for order No.1

Purchase order Made to Y & co. Order 5
Monitor 50Nos at Rs. 18,000 Each
Mouse 150Nos at Rs.600 Each
Keyboard 150Nos at Rs. 4,000 Each
22-04-1999
Received Material for Order No. 5
23-04-1999
Purchase Invoice raised for order No.5
25-04-1999
Sale order from Kiran & Co. Order No. 10

Monitor 40Nos at Rs.18,000 Each
Mouse 30Nos at Rs. 700Each
Keyboard 100Nos at Rs. 10,000Each
27-04-1999
Good Sent to Kiran & co. Order No. 10
28-04-1999
Return 5Monitor & 10Keyboard for Order No. 10
30-04-1999
Sale invoice raised for order No. 10
131
Procedure
Step 2. Go to F11
Accounting Feature
INVOICING
Step 3. Go to F11
Inventory Feature
INVOICING
ORDER PROCESSING
OTHER FEATURES
Step 4. Go to F12
Account Info
Ledger
Create
Inventory Info
Unit of Measure
Create
Stock Group
Create
Stock Items
Create
Accounting Vouchers

Display
Daybook for view
132
Multiple Ledger
133
134
135
136

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Introduction

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INTRODUCTION

Company creation Screen.

Create Company 146CO246 Q1

Step 4. Gateway of Tally Screen

Create Company 146CO246 Q2

Step 3.Go to F12

Step 4. Gateway of Tally Screen

Create Company 146CO246 Q3

Step 4.Gateway of Tally Screen

Step 5. For Output

Create Company 146CO246 Q4

Step 4. Gateway of Tally Screen

Create Company 146CO246 Q5

Step 4. Gateway of Tally Screen

Closing Stock Rs.47,000/-

Create Company 146CO246 Q6

Step 4. Gateway of Tally Screen

Entre following transaction in their relevant accounts

Closing Stock Rs.47,000/Step6. For Output

Profit or Loss (Alt +F2)

Gross Profit Rs.32,440/ Net Profit Rs.22,540/Step7. For Output

Balance Sheet(Alt +F2)

PREPARE A FINAL ACCOUNTS

Closing Stock Rs.4,00,000/-

Create Company 146CO246 Q7

Step 4. Gateway of Tally Screen

Entre following transaction in their relevant accounts

Closing Stock Rs. 4,00,000/Step6. For Output

Profit or Loss (Alt +F2)

Gross Profit Rs.3,94,250/ Net Profit Rs.2,98,975/Step7. For Output

Balance Sheet(Alt +F2)

Create Company 146CO246 Q8

Step 4. Gateway of Tally Screen

Closing Stock Rs. 18,210/Step6. For Output

Profit or Loss (Alt +F2)

Gross Profit Rs.14,670/ Net Profit Rs.8,660/Step7. For Output

Balance Sheet(Alt +F2)

Closing Stock Rs.28,600/-

Create Company 146CO246 Q9

Step 4. Gateway of Tally Screen

Closing Stock Rs. 28,600/Step6. For Output

Profit or Loss (Alt +F2)

Gross Profit Rs.40,890/ Net Profit Rs.17,746/Step7. For Output

Balance Sheet(Alt +F2)

Closing Stock Rs.12,500/-

Create Company 146CO246 Q10

Step 4. Gateway of Tally Screen

Entre following transaction in their relevant accounts

Closing Stock Rs. 12,500/Step6. For Output

Profit or Loss (Alt +F2)

Gross Profit Rs.15,300/ Net Profit Rs.12,600/Step7. For Output

Balance Sheet (Alt +F2)

PREPARE A FINAL ACCOUNTS

Create Company 146CO246 Q11

Step 4. Gateway of Tally Screen

Closing Stock Rs. 9,700/Step 6. Gateway of Tally Screen

Profit or Loss (Alt +F2)

Gross Profit Rs.9,700 Net Profit Rs.5,890/Step 8. For Output

Balance Sheet(Alt +F2)

Create Company 146CO246 Q12

Step 4. Gateway of Tally Screen

Closing Stock Rs. 6,800/Step 6. Gateway of Tally Screen

Entre following journal in their relevant Voucher

Gross Profit Rs.43,715/ Net Profit Rs.17,065/Step 8. For Output