FIGURE 1 FIRST OPEN TALLY

Figure 1

FIGURE 2

1.This is the first step to open the tally and record the accounts

2.Select J (Unlimited Multi-User) to open the tally program and press enter.
3.Refer to figure 1 & 2 for the result.
FIGURE 3 QUIT

1.This is the last step of the work when we have completed our work then quit the program
and select no to quit the tally program.
2.Refer to figure 3 for the final process.
FIGURE 4 GATEWAY OF TALLY

1. Click on the option ‘ Create company ’ and enter

2.Or press ‘C’ .
3.See figure 4 how the process has been done .
FIGURE 5 COMPANY ALTERATION

1. Fill the details like name , state , email , etc .

2.Financial year tells our year of business started and books beginning tells our date of
account started .
3.For maintain we choose ‘ Accounts only ‘ .
4.After all the details press enter and accept the creation of company by ‘yes’ .
5.Refer to figure 5 for the following detail.
 FIGURE 6 COMPANIES INFO.

1.Select select company to open the particular in which we have to make accounts
2.or simply select ‘S’ to open the select company option.
3.Following has been done in figure 6.
FIGURE 7 LIST OF COMPANIES

1.Select the particular company of yours i.e. RISHITA in which you have to make accounts of

‘}}\your company and press enter.

2. You can refer to figure 7 for the complete information.

FIGURE 8 ACCOUNTS INFO.

1.Then select the groups option and press enter
2.or simply ‘ G ‘ to create group .
3. See figure 8.

FIGURE 9 LEDGER GROUP CREATION

1.Fill up the required details i.e name of group and under which account and press enter to
accept the process .
2.Then make another group by filling required details .
3. Following has been done in figure 9.
FIGURE 10 DISPLAY PAGE OF LEDGER

1.On the displayed page , press display and enter

2.or simply type ‘D’ for the display of group made .
3.Display has been highlighted in figure 10.
FIGURE 11 LIST OF GROUPS

1.Here the list of groups are displayed and we can simply select any group in which we have
to merger particular ledger account and press enter.
3.We can seen list of groups in figure 11.
FIGURE 12 LEDGER GROUP ALTERATION

1.Make the group which we have to make and place the ledger accounts in that particular
group and press enter.
2.See the group has been made in figure 12.
FIGURE 13 QUIT GROUP CREATION PAGE

1.After accepting , press escape and quit the page .

2.See the page has been quit in figure 13.

FIGURE 14 ACCOUNTS INFO.

1.Select Accounts info to display information about the accounts which we have created
2.or simply press ‘A’
3.and press enter.
4.Accounts info has been highlighted in figure 14.

FIGURE 15 LEDGERS

1.Then select the ledger option and press enter

2.or simply ‘L’ to create ledger .
3.Ledger has been highlighted in the above figure that is in figure 15.

FIGURE 16 CREATE LEDGER

1.Select create option to create single ledger and press enter or press ‘ C ’ .
2. Refer to figure 16 for the information.

FIGURE 17 LEDGER ALTERATION

1.Fill up the required details i.e name of ledger and under which account and press enter to
accept the process .
2.Then make another ledger by filling required details .
3.Or press Alt+C for the new ledger making.
4.Following has been done in the figure 17.

FIGURE 18 DISPLAY OF LEDGER

1.Select display option to display single ledger and press enter

2. or press ‘ D ‘ .
3.This is done in figure 18.

FIGURE 19 LIST OF LEDGERS

1.All the ledger accounts are displayed and press enter

2.And we can open account to make changes in them.
3. List of ledgers are available in figure 19.

FIGURE 20 LEDGER DISPLAY

1.This is the ledger account which is displayed and we can fill the details which is required in
the particular ledger account and press enter to make the another ledger account.
2.Refer to figure 20 for the following details.

FIGURE 21 ALTER
1.Press alter and enter
2.or simply ‘A’ to alter the ledger .
3.See the figure 21.

FIGURE 22 LEDGER ALTERATION

1.After opening alter the account is open to which we have to alter and we can make our
changes in it as per the requirement
2.and press enter.
3.Following has been done in the figure 22.
Q1.

TRIAL BALANCE AS ON 31.03.2016

PARTICULARS DEBIT CREDIT
Bank Account 35,000.00
Deposit Account 40,000.00
Petty Cash 500.00
Sundry Debtors (total) 57,300.00
Comp. Care Systems 5,400.00
Data Link Technologies 26,000.00
Spectrum Computers 12,400.00
Supreme Computers 13,500.00
Buildings 75,000.00
Building Accumulated Depreciation 8,000.00
Office Equipment 25,000.00
Office Equipment Accumulated Depreciation 4,500.00
Tax Deducted At Source 4,780.00
Sales Tax 13,600.00
Sundry Creditors(total) 156,000.00
Challenger Systems 65,650.00
Horizon Enterprises 44,750.00
Silver Plus Computers 45,600.00
Mutual Trust Loans 50,000.00
Equity Capital 250,000.00
Profit & Loss Account 32,070.00
Differences in Opening Balances 286,150.00
TOTAL 518,950.00 518,950.00
FIGURE 23

1.Select Trail Balance and press enter

2.Or simply ‘T’ to display the trial balance.

3.Refer to figure 23.

FIGURE 24 TRIAL BALANCE

1.As per the question this is the trail balance which we have to make and all the accounts
are shown in the trial balance.
2.Following trial balance has been done in the figure 24.
FIGURE 25 DISPLAY MENU

1.Select List of companies and press enter.

2.Or simply ‘L’ to show the list the companies.

3.List of accounts has been highlighted in the figure 25.
FIGURE 26 LIST OF ACCOUNTS
1.This is the list of companies which we have made in the particular questions which we
have performed to show the trail balance of the question.
2.Refer to figure 26 for the multiple accounts information.

Ques 2.

Ledger Name Under Opening Dr./Cr.

Balance
Proprietor’s Capital Account Capital Account 25,000.00 Cr

Land & Building Fixed Assets 60,000.00 Dr

Milton & Co. Sundry Debtors 15,000.00 Dr
Kaltronic Ltd Sundry Creditors 85,000.00 Cr
State Bank of India Bank Account 35,000.00 Dr
Local Sales Sales Account - -
Local Purchases Purchases Account - -
Conveyance Indirect Expenses - -
Bank Interest Indirect Incomes - -
 Revised

FIGURE 27 MULTI LEDGER

1.Select Multiple ledger in ledgers to display the list of ledgers and press enter

2.Or press ‘I’ to display the list of ledgers.

3.See figure 27 for the rest of the information.
FIGURE 28 BALANCE SHEET

1.This is the revised balance sheet of the question that we have performed

2.Select balance sheet and enter

3.Or press ‘B’ to open the balance sheet.

4.Following Balance Sheet has been shown in the figure 28.

FIGURE 29 TRIAL BALANCE

1.This is the revised trial balance of the question which we have performed

2.Select Trial balance and press enter

3.Or press ‘T’ in the display and press enter .

4.Following trail balance has been shown in the figure 29.

Ques3.

DATE TRANSACTION DETAILS

2-4-2012 Paid Rs.500 to Challenger Systems by cheque

2-4-2012 Bought office supplies for Rs.150 with petty cash
2-4-2012 Wages of Rs.600 paid to employees by cheque
5-4-2012 Banked a cheque for Rs.5000 received from Data Link Technologies
6-4-2012 Sold 1 IBM Pentium IV(Computer Sales) to Spectrum Computers for Rs.24,785

6-4-2012 Withdrew Rs.200 from Bank Account for Petty Cash

7-4-2012 Bought 1 Laserjet 1500 (Printer Purchase) from Silver Plus Computers on credit
for Rs. 8,100

FIGURE 30 ACCOUNTING VOUCHERS ALTERATION

1.This is the Accounting Voucher where we make the accounts.

2.Or simply press ‘A’ to open the following .

3. And press enter to open the page.

4.The following has been shown in the figure 30.

FIGURE 31 DAY BOOK

1.This the Day book of the following Accounting vouchers which we have made.

2. or simply press ‘D’ and press enter.

3. Figure 31 shows the following Day book of the firm.

FIGURE 32 TRIAL BALANCE

1.This is the trail balance of the question which we have done above.

2. press ’T’ to open the following page.

3.Figure 32 represents the following trail balance.

FIGURE 33 COMPANY OPERATION ALTERATION

1.By pressing F11 change the features of debit note and credit note.

2.figure 33 shows the following changes that has been done in the company profile.
FIGURE 34 DEBIT NOTE

1.This is the debit note

2.select CTRL + F9
3.Above figure that is figure 34 shows the page of debit note.

FIGURE 35 CREDIT NOTE

1.This is credit note

2.select CTRL + F8
3.Above figure that is figure 35 shows the page of credit note.
Ques4.

Pass journal entries for the following transactions Rs.

1. Started business with cash 5000

2. Purchased furniture in cash 500

3. Opened a bank account 1000

4. Goods purchased in cash 2000

5. Goods sold in cash 1500

6. Goods purchased on credit from Roy 3000

7. Paid salary 800

8. Paid rent by cheque 500

9. Goods sold on credit to Bose 1800

10. Cash paid to Roy 2500

11. Cash collected from Bose 1500

12. Cash deposited into bank 1600

13. Cash withdrawn for household purposes 500

14. Cheque drawn for office purposes 1000

Creation of account heads through single and multiple ledgers.

For doing this assignment, first of all account heads have to be created.
FIGURE 36 LIST OF LEDGERS

1.This is the new ledgers for the above assignment

2. This is made in the new company

3. Figure 36 shows the new ledgers account.

FIGURE 37 DAY BOOK

1.Day book of the accounting vouchers which we have made

2.Figure 37 shows the new day book of the new company.

FIGURE 38 TRIAL BALANCE

1.Trial balance of the question which we have prepared.
2. New Trial balance in the figure 38 is given of the new company.

FIGURE 39 PROFIT AND LOSS ACCOUNT

1.This is the profit and loss account of the above question.

2.This account shows whether the company has earn profit or loss.
3.This can been find out through figure 39.
QUES 5. Record the following :

Date Transactions

Apr 12 Received a cheque of Rs.50,000 from Ram & Sons Manufacturers

Apr 13 Insurance paid by cheque Rs. 20,000
Apr 14 Sold goods to Nandini Manufacturers Rs. 2,00,000
Apr 15 Nandini pays Rs. 2,00,000 through cheque
Apr 16 Goods purchased for Rs. 3,00,000 from GG Traders and paid through cheque

Apr 17 Purchased office furniture for Rs.50,000 in cash

Apr 18 Goods costing Rs. 30,000 given as charity
Apr 19 Paid Rs.50,000 towards rent through cheques
Apr 20 Cash withdrawn for household purposes Rs.20,000
Apr 21 Damaged goods returned to GG Traders Rs.50,000
Apr 30 Salaries paid Rs.30,000 through cash
 Jun 6 Payment made to Sugriv for Rs.1,00,000 and discount received for Rs.10,000

Jun 7 Cash of Rs.2,00,000 was received from Star Traders and discount allowed for
Rs.20,000
Jun 9 Running business was purchased from Rakesh and the following assets and
liabilities details are shown below:
Cash Rs.50,000 , Furniture Rs.25,000 , Land Rs.2,00,000 , Creditors Rs. 70,000 ,
Bank Overdraft Rs.20,000 , Capital Rs.66,000

FIGURE 40 LIST OF LEDGERS

1.This is the list of ledgers of the following question.

2.Figure 40 shows the following accounts.

FIGURE 41 DAY BOOK

1.Figure 41 is the day book of the following question.

FIGURE 42 MULTIPLE ACCOUNT

1.Multiple accounts of the question of the accounting vouchers.

2.Figure 42 is the figure which gives the information about the question.
Ques 6. Following stock groups and sub-groups are shown:

Stock group under Can quantities of items

be added?
Computers primary Yes
Printers Primary Yes
Peripherals Primary Yes
Accessories Peripherals Yes
Components Peripherals yes

FIGURE 43 STOCK CREATION

1.This is the stock group

2.or simply press ‘I’ and enter
3. This is the inventory of the company.
4.Figure 43 shows the following.
FIGURE 44 MULTIPLE STOCK CREATION

1.This is the multiple stock valuation of the following company.

2.or simply press ‘R’ to open the folder.
3.Figure 44 is the account which shows the multiple stock creation.
FIGURE 45 DELETE STOCK CREATION

1.This is the alter option how to delete group which we make.

2.or simply press ‘A’ to open the folder
3.Figure 45 shows how the group has deleted.
Q. Stock Categories:

name Under
National Primary
HCL Primary
IBM Primary
HP Primary
Samsung primary

FIGURE 46 SINGLE STOCK CREATION

1.This shows the stock category which come under stock group.
2.Which is the sub division of the group.
3.Figure 46 shows the stock category tab.
FIGURE 47 MULTI STOCK CATEGORY

1.This is the multiple stock category in which we make multiple stock categories.
2.We can see the different category groups in the above figure 47 which we can see above.
FIGURE 48 DELETE STOCK CATEGORY

1.This shows how we can delete the stock category which we make.
2.Figure 48 shows how the category is being deleted.
Q. Following units of measurement:

type Symbol Formal name Number of

decimal places
Simple Nos Number of 0
simple box boxes 0

FIGURE 49 SIMPLE UNIT MEASUREMENT

1.This is the simple unit measurement.

2.or simply press ‘U’ and press enter.
3.Figure 49 shows how the unit is measured.

Q.
FIGURE 50 COMPOUND UNIT MEASUREMENT

1.This is the compound unit measurement.

2.Figure 50 shows how the unit is measured in compound with the first unit , conversion
and the second unit.
FIGURE 51 SINGLE STOCK ITEM

1.This is the stock item list which shows how we can divide stock category into items.
2.Figure 51 shows the name,quantity,rate and value of the stock item.
FIGURE 52 MULTI STOCK ITEM

1.This is the multi stock item list in which we make multiple items together.
2.Figure 52 is the stock item list which we can see in the above figure.
FIGURE 53 ALTER STOCK ITEM

1.This is the last step in which we delete the stock item.

2.Figure 53 shows how the stock item has been deleted.
Ques 7. Create the following stock groups:

Stock group name under Can quantities of items be

added
Television Primary Yes
Music systems Primary Yes
Sony tv Television Yes
Philips tv Television Yes
Videocon tv Television Yes
Sony music systems Music systems Yes
Videocon music systems Music systems Yes

FIGURE 54 MULTI STOCK GROUP

1.This is the stock group of the question which we have performed.

2.figure 54 displays the multiple groups of the company.

Q. Create the following stock categories:

Stock category name under
29 inches tv Primary
25 inches tv Primary

FIGURE 55 MULTI STOCK CATEGORY

1.This is the stock category of the groups which we have made

2.figure 55 displays the multiple stock categories.

Q. Create the following unit of measurements:

type symbol Formal name Number of

decimal places
simple nos numbers 0

FIGURE 56 UNIT MEASUREMENT

1.This is the unit measurement in which the units are measured of the stock.
2.Figure 56 shows the following units in which the categories are measured.

Q. Create stock items under Televisions as shown in the table:

NAME UNDER CATEGORY UNITS
SONY 29 INCHES TV SONY TV 29 INCHES TV NOS
SONY 25 INCHES TV SONY TV 25 INCHES TV NOS
PHILIPS 29 INCHES TV PHILIPS TV 29 INCHES TV NOS
PHILIPS 25 INCHES TV PHILIPS TV 25 INCHES TV NOS
VIDEOCON 29 INCHES VIDEOCON TV 29 INCHES TV NOS
TV
VIDEOCON 25 INCHES VIDEOCON TV 25 INCHES TV NOS
TV

FIGURE 57 MULTI STOCK ITEM

Create the following stock items under music systems:

NAME UNDER CATEGORY UNITS
Sony tape-recorder Sony music Not applicable Nos
system
Sony CD-player Sony music Not applicable Nos
system
Videocon tape- Videocon music Not applicable Nos
recorder system
Videocon CD- Videocon music Not applicable Nos
player system
FIGURE 58 MULTIPLE STOCK ITEM

1.This is the multi stock item of the TELIVISION and MUSIC SYSTEM which are the
groups of the stock.
2.Figure 57 displays the following list of items.

Q.Indus Enterprises is engaged in sales and services of television and music

given below is list of stock items which are traded:

FIGURE 59 MULTI STOCK ITEM DISPLAY

1.This is the another multi stock item in which the categories are also sub divided.
2.Figure 58 shows how the category and groups are divided into more smaller items.