ASSIGNMENT 1

Creation of Company
STEP 1 - Open Tally Prime – Double tab on Tally Prime icon from your desktop and Press
T to continue in educational mode.

STEP 2 - Select the option Create Company.

STEP 3 - Company creation screen will appear – Here, you are required to enter all the
details of the company .
STEP 4

 COMPANY NAME – In this field , we are required to type the name of the company .

 MAILING NAME - In this field , we are required to type the name of the company .

 ADDRESS – Here , we are required to enter the address of the company .

 STATE – We are required to select the state in which we would comply with statutory
laws.

 COUNTRY – We are required to select the country in which the business will operate.

 PINCODE – Pincode of the location where the office exists.

 TELEPHONE – Enter the Company’s contact number which we would like to display
on Invoices.

 MOBILE – Enter the contact number of Managing person to whom any queries related to
Invoice, Delivery or Complaint could be reached to .

 FAX NUMBER – Enter the Fax number to which any confirmation statements, ledger
copies etc could be sent and received.

 EMAIL – Enter the company’s email address to which any product inquiry and other
communications could be made .

 WEBSITE – Enter the company’s web address if any

 FINANCIAL YEAR BEGINS FROM – Tally pre fills this field based on the date
settings of the computer and the country selected.
FOR EXAMPLE, if computer date is set to 19-08-2021 and the region is India, the
financial year is pre filled as 01-02-2021.

 BOOKS BEGINNING YEAR – By default, Tally fills this field with the financial year
begins from date. We can update this, as needed.
FOR EXAMPLE, we started to maintain the Books of Accounts in Tally from 19-08-
2021. We can update the Books beginning from date to 19-08-2021 , while the financial
year will be 01-04-2021.

STEP 5
 ASSIGNMENT 2
Creation of Company
Ques.1) Create 4 companies in Tally with the following details:
1. Create a company in Tally with the following details:

Path Accept what is displayed on the screen

Name National Traders. Enrolment No.
Mailing Name YourName_Enrolment No.
Address No 24, Phase 1, Peenya Industrial Area
Bangalore
Statutory Compliance for India
State Karnataka
Pin Code 560089
Telephone No 080 – 41237890
Mobile No. Your Mobile no.
E-mail Official id
Currency Symbol Rs.
Maintain Accounts with Inventory
Financial year from 1 April 2021
Books beginning from 31 March 2022
 TallyVault Password (if any) Skip the Field – don't enter any details.
Use security control No
 

2.

Directory Accept what is displayed on the screen

Name Indus Enterprises. Enrolment No.
Mailing Name YourName_Enrolment No.
Address 36, Tech Park-I, Hosur Main Road, Bangalore
Statutory Compliance for India
State Karnataka
Pin Code 560086
Telephone No 080 – 41935890
Mobile No. Your Mobile no.
E-mail Official id
Currency Symbol Rs.
Financial year from 1 April 2021
Books beginning from 31 March 2022
TallyVault Password (if any) Skip the Field – don't enter any details.
Use security control No

3. Create a company with details as per your choice, with tally vault password.
4. Create a company with details as per your choice, with tally vault password and user access control.
1.

2.
3.

4.
 5.

ASSIGNMENT 3
Alter, Delete and Shut down a company

1. ALTERING A COMPANY
STEP 1 - Gateway of Tally → ALT + K → Alter

STEP 2 - Under "List of Selected Company", select the company name and click on the
name of company to alter as shown below:
Step 3: On the screen of company alteration, add and modify the required details.
Here, we can make required alternations.

2. DELETING A COMPANY

In Tally, if we delete the company, it can remove the company's complete information from
Hard disk. All the directories and files that are associated with the company will be
permanently deleted. This information cannot be reserved.

Gateway of Tally → Alt+K → Alter → Alt+D

STEP 1 - The company information will display on the screen after using Alt+K keys. Here,
the delete option will not be available. Now, click on the alter option.
Step 2: Now, click on Select Company and then click Alt+D. After this, click on the YES
option to delete the company.

3. SHUTTING DOWN A COMPANY

In Tally, shut a company does not mean that delete a company, it means close.
 STEP 1 – On the top right corner of Gateway of tally page select company and then
select shut the company . OR you can just press CTRL+F3.

Now select the company you are required to shut.

ASSIGNMENT 4
Displaying and Creating Groups in Tally

1. Display of group
STEP 1 – On Gateway of tally, select the charts of accounts OR press H.
 STEP 2 - Select the option “GROUPS” under the heading of Accounting masters.

STEP 3 – Here, you can see all the 28 groups already created by Tally itself or any
other groups created by you.
 2. CREATING GROUPS
STEP 1 – Go to Gateway of Tally and select the option “CREATE” OR press “C”.

STEP 2 – Under the option ACCOUNTING MASTERS select GROUPS.

STEP 3 - On Group creation screen, update the following details.
 Name: Enter the name of group and press enter to continue
 Under: From the List of Groups displayed, select the parent group under which the
group has to be classified. For example, Fixed Assets .


STEP 4 – Click YES to accept the screen.

 3. CREATING MULTIPLE GROUPS
STEP 1 – Go to Gateway of Tally and select the option “ CHART OF ACCOUNTS” or press
“H”.

STEP 2 – Under the option ACCOUNTING MASTERS select GROUPS.

STEP 3 – Select the option “MULTI-MASTERS” or press “ALT+H”.

STEP 4 – Select MULTI CREATE .

STEP 5 – From the List of Groups, select “ALL ITEMS”.
STEP 6 – Here, you can add all the required groups needed and can add more details by
selecting “MORE DETAILS” displayed on right corner or press “ ctrl+I”.

STEP 7 – You are required to fill the details like Name of the group and Under which
heading it lies.

FOR EXAMPLE –
STEP 8 - Click YES to accept the screen.
Ques.2) Create the following Accounting Groups:
Name of the Group Under
North India Debtors Sundry Debtors
South India Debtors Sundry Debtors
North Delhi Debtors North India Debtors
Bhopal Debtors North India Debtors
Mysore Debtors South India Debtors
Secunderabad Debtors South India Debtors

Ques.3) Create the following groups under multiple groups creation option:

Name of the Group Under

Buildings Fixed Asset
Union Bank of India Bank Accounts
Machinery Fixed Asset
Employee expenses Indirect Expenses
Calcutta Office Branch and Divisions
Office Equipment Fixed Assets
 Assignment – 6
Creating, Displaying and Altering Ledgers in Tally
CREATING SINLE LEDGER
STEP 1- On Gateway of Tally either select CREATE or press “C”.
STEP 2 – Select LEDGER

STEP 3 –
  Enter the Name of the ledger account. Duplicate names are not allowed.
 Enter the alias of the ledger account, if required. You can access the ledgers
using the original name or the alias name.
 Select a group category from the List of Groups.
 Enter the Opening Balance. The opening balance is applicable when the
ledger is an asset or a liability, and also if it has a balance in the account as
on the date of beginning of books.
STEP 4 – Select YES or press “Y” to accept the screen.
DISPLAYING A LEDGER
STEP 1- On Gateway of Tally, either select CHARTS OF ACCOUNTS or
press “H”.

STEP 2 – Select LEDGERS

STEP 3 – Here you can see all the ledgers made by you and tally itself.
The bold ones are the GROUPS and non-bold are the LEDGERS.
ALTERING LEDGERS
STEP 1 – On Gateway of Tally, select the option of ALTER or press “A”.

STEP 2 – Select LEDGERS .

STEP 3 - Select the ledger you want to alter

STEP 4 – Here, you can make required alterations and accept the screen by selecting YES.