Meaning of
Tally is an accounting package
Features of tally
Advantages of tally
FUNCTIONAL KEYS USED IN TALLY
Select Company
Date
Period
Company Info
Contra Entry
Payment Entry
Receipt Entry
Journal Entry
Sales Entry
Purchases Entry
Configuration
Features
Purchase Returns Entry
Sales Returns Entry
Purchase Order
Sales Order
Control keys of tally
Steps in tally
F1
F2
AltF2
ALT F3
F4
F5
F6
F7
F8
F9
F10
F11
CONTROL F9
CONTROL F8
ALTF4
ALT F5
To create a company
Gate way of tally
Alt f3 (company info)
Create company
Accept
Esc
Gate way of tally
To create ledgers
Gate way of tally
Ledgers
Create
Accept
Esc
Gate way of tally
To pass vouchers
Gate way of tally
Accounting vouchers
To create units of measure
Gate way of tally
Inventory info
Units of measure
Create accept
Esc
Gate way of tally
To create stock items
Gate way of tally
Inventory info
Stock items
Create accept
Esc
Gate way of tally
GATE WAY OF TALLY SCREEN
LEDGER CREATION SCREEN
STOCK ITEM CREATION SCREEN
UNITS OF CREATION SCREEN
CONTRA ENTRY
PAYMENT ENTRY
RECEIPT ENTRY
SALES ENTRY
PURCHASES ENTRY
PURCHASE RETURNS ENTRY
SALES RETURNS ENTRY
1. Enter the following transaction in the books of shankar and company , #123, BH Road Tumkur
1. Started business with capital 2,00,000
2. Deposit into HDFC bank 40,000
3. Purchase furniture 25,000
4. Paid wages 400
5. Paid salary 5000
6. Received commission 90,000
7. Purchase computer 25,000
8. With draw from the bank 25,00
9. Rent received 12,000
10. Received advance 40,000
11. Paid audit fees12,000
12. Paid legal charges 850
13. Received discount 12,500
14. Purchase printer 15,500
15. With draw from the bank 4,500
16. Paid telephone bill 850
17. Paid for power 4800
From the above transaction find out cash in hand and cash at bank
Balance sheet of shankar and company, #123, BH Road Tumkur
P & L account of shankar and company , #123, BH Road Tumkur
Day book of shankar and company , #123, BH Road Tumkur
1. Enter the following transaction in the books of sumukha home appliances, #143, R K Road,
bangalore
1. Started business with capital 12,00,000
2. Deposit into TGMC bank 40,300
3. Purchase good from Rama Traders, # 756, KK road , Pune India
Sl
no
1.
Stock item
Quantity
Rate
Television
10
2.
Washing machine
15
3.
Air cooler
13
4.
5.
6.
Iron box
Water filter
Air conditioner
7
5
12
25,00
0
40,00
0
10,00
0
700
1,500
30,00
0
4. Paid wages 1400
5. Paid salary 50000
6. Investment made on TATA shares14,000
7. With draw from the bank 2,500
8. Rent received 1,12,000
9. Paid audit fees12,000
10. Deposit in to bank 5000
11. Paid legal charges 1200
12. Sold goods to padmini traders ,#621, T naga Channai
Sl
no
1.
Stock item
Quantity
Rate
Television
2.
Washing machine
3.
Air cooler
4.
5.
6.
Iron box
Water filter
Air conditioner
6
3
8
29,00
0
43,00
0
12,00
0
1200
1,900
39,00
0
13. With draw from the bank 12,800
14. Paid telephone bill 850
15. Paid for maintains 4800
16. Paid for water 60
17. Make FD in ICICI bank 40,000
18. Invest on SBI MF 5,600
19. Received secured loan 40,000
20. Paid un secured loan 7550
PURCHASE VOUCHER
SALES VOUCHER
STOCK SUMMARY
Steps to enable VAT
Gate way of tally
F11 (Features)
F3 (Statutory and Taxation)
Enable VAT (Yes)
Set / Alter VAT details (YES)
Accept
Esc
Gate way of tally
Value Added Tax
VAT
It is a combination of purchase and sales tax, where the tax will be laid on goods when its value increases.
Steps to enable VAT
Gate way of tally
F11
F3
Enable VAT (Yes)
Set / alter VAT details (Yes)
Accept
Esc gate way of tally
Ledger creation
Sl no
Ledger
1.
In put vat
2.
Output vat
3.
Purchase
4.
Sales
Groups
Duties and taxes
Duties and taxes
Purchase A/c
Sales A/c
Purchase voucher
Sales voucher
Steps to see result
Gate way of tally
Display
Statutory reports
VAT reports
VAT computation
ANANYA INSTITUTE OF
COMMERCE AND MANAGEMENT
I.
II.
III.
IV.
V.
Introduction to accounts:
Debit
Credit
Debtor
Creditor
Golden rules of accounts
Income and expenditure
Assets and liabilities
Deposition and appreciation
Different headings:
Journal
Ledger
Trading , profit and loss account
Balance sheet
Fund flow and cash flow statements
Introduction to tally:
Meaning
Advantage and disadvantages of tally
Features
Tally versions
Functional and control keys
X.
XI.
XII.
XIII.
XIV.
XV.
XVI.
XVII.
Company creation
Accounts only
Ledger creation
Group creation
Passing vouchers
Problems on accounts only
Analysis of result
VI.
Alterations
VII.
Accounts with inventory
Creation of stock items, stock groups, units of measures
Problems on accounts with inventory
VIII.
F11 (Features)
Accounting features (F1)
Inventory features (F2)
Taxation features (F3)
K Vat
TDS
Service Tax
IX.
Company info (Alt F3)
F12 (Configuration)
Banking
Printing
E transfer
E-Sugam
E mail
Fax
Cheque printing
