6.

FINAL ACCOUNT - I

Aim: Create a Programme for Final account

Algorithms:

Step1: Start –click tally ERP - click education module

Step2: In company into – click create a company information

Step3: In company screen – enter information for Company – enter accept yes

Step4: company created – in gateway of tally – click account info

Step5: In account info – click ledger – click multiple ledger

Step6: In multiple ledger – Enter a transaction under concerned group with

amount

Step7: Enter all transaction – Enter accept yes

Step 8: Again--- click single ledger –click alter ---- Give closing date and stock value ---
accept yes

Step8: Click escape key twice – In gateway of tally – click

P&L a/c

Step9: In P&L Account – click date on right hand side----Give opening and closing
balance date-enter accept

Step10: The P&L Account appear

Step11: Click Escape key twice – In gateway of tally – click Balance sheet

Step12: The Balance sheet appear

Record the following transactions and Prepare Final accounts

Particulars Rs. Ledger Group

Opening stock 3,600 Opening stock Stock in hand
Purchases 18,260 Purchases Purchases
Wages 3,620 Wages Direct expenses
Closing stock 4,420 Closing stock Stock in hand
Sales 32,000 Sales Sales
Carriage on purchase 500 Carriage on purchase Direct expenses
Carraige on sales 400 Carraige on sales Indirect expenses
Rent (factory) 400 Rent (factory) Direct expenses
Rent (office) 500 Rent (office) Indirect expenses
Sales return 700 Sales return Sales
Purchase returns 900 Purchase returns Purchase
General expenses 900 General expenses Indirect expenses
Discount on customers 360 Discount on customers Indirect expenses
Interest from bank 200 Interest from bank Indirect income

OUTPUT
 FINAL ACCOUNT-I

PROFIT AND LOSS A/C

OUTPUT

FINAL ACCOUNT -I
BALANCESHEET

7. FINAL ACCOUNT-II
Aim: Create a programme for final accounts

Algorithms:

Step1: Start –click tally ERP - click education module

Step2: In company into – click create a company information

Step3: In company screen – enter information for Company – enter accept yes

Step4: company created – in gateway of tally – click account info

Step5: In account info – click ledger – click multiple ledger

Step6: In multiple ledger – Enter a transaction under concerned group with

amount

Step7: Enter all transaction – Enter accept yes

Step 8: Again--- click single ledger –click alter ---- Give closing date and stock value ---
accept yes

Step 9: Enter the journal for adjustment

Step8: Click escape key twice – In gateway of tally – click

P&L a/c

Step9: In P&L Account – click date on right hand side----Give opening and closing
balance date-enter accept

Step10: The P&L Account appear

Step11: Click Escape key twice – In gateway of tally – click Balance sheet

Step12: The Balance sheet appear

Record the following transactions and Prepare Final accounts

Particulars Rs. Ledger Group
Capital 40,000 Capital Capital
Sales 25,000 Sales Sales
Purchases 15,000 Purchases Purchases
Salaries 2,000 Salaries Indirect expenses
Rent 1,500 Rent Indirect expenses
Insurance 300 Insurance Indirect expenses
Drawings 5,000 Drawings Capital
Machinery 28,000 Machinery Fixed assets
Bank balance 4,500 Bank balance Current asset
Cash 2,000 Cash Cash in hand
Stock 1-1-93 5,200 Stock 1-1-93 Stock in hand
Debtors 2,500 Debtors Sundry Debtors
Creditors 1,000 Creditors Sundry creditors

Salaries unpaid Current liabilities

Rent paid in advance Current Asset
Insurance prepaid Current Asset
Adjustment
1.Stock on 31-12-93 Rs.4,900
2.Salaries unpaid Rs.300
3.Rent paid in advance Rs.200
4.Insurance prepaid Rs.90
1.Salary a/c Dr 300
To salaries outstanding account 300

2. Rent paid in advance 200

To Rent a/c 200

3. Insurance prepaid a/c Dr 90

To Insurance a/c 90

OUTPUT

FINAL ACCOUNT-II
PROFIT AND LOSS A/C

OUTPUT

FINAL ACCOUNT-II
BALANCESHEET

8. RATIO ANALYSIS
Aim: Create a programme for Ratio analysis

Algorithms:

Step1: Start –click tally ERP - click education module

Step2: In company into – click create a company information

Step3: In company screen – enter information for Company – enter accept yes

Step4: company created – in gateway of tally – click account info

Step5: In account info – click ledger – click multiple ledger

Step6: In multiple ledger – enter a transaction under concerned group with

amount

Step7: Enter all transaction – Enter accept yes

Step8: Click escape key twice – appear in gateway of tally –gateway of tally – click
Ratio analysis

Step9: The ratio is displayed in the screen

Step 10: Save the programme

Record the following transactions and prepare trial balance

Liabilities Rs. Asset Rs.
Equity share capital 3,00,000 Goodwill 2,00,000
Reserve fund 1,50,000 Land &building 3,00,000
8$% debentures 2,00,000 Plant and machinery 2,50,000
Mortgage loan 4,00,000 Pattern 50,000
Creditors 50,000 Stock 1,50,000
Bills payable 25,000 debtors 1,00,000
Bank overdraft 40,000 Marketable securies 18,000
Outstanding expenses 10,000 Bills receivable 80,000
Tax liability 15,000 Prepaid expenses 42,000
TOTAL 11,90,000 TOTAL 11,90,000

List of ledger and groups

ITEM Group Ledger Group
Equity share capital Capital Goodwill Fixed asset
Reserve fund Reserve and surplus Land &building Fixed asset
 8$% debentures Secured loan Plant and machinery Fixed asset
Mortgage loan Secured loan Pattern Fixed asset
Creditors Sundry creditors Stock Current asset
Bills payable Current liability Debtors Sundry Debtors
Bank overdraft Bank overdraft Marketable securies Current asset
Outstanding expenses Current liability Bills receivable Current asset
Tax liability Current liability Prepaid expenses Current asset

RATIO ANALYSIS
OUTPUT

9. FUND FLOW STATEMENT

Aim: Create a programme for cash flow statement using transactions

Algorithm

Step:1 Start ---- Tally ---- Click Education module --- Create company

Step: 2 After creating accompany ------ In gate way of Tally---- Select Accounts info

Step: 3 In accounts info---- Select ledger ----- In ledger select multiple ledger

Step :4 In multiple ledger ---- Create necessary ledger ---- Come to Accounts info by
click escape key twice--- the gate way of tally is open

Step : 5 In gateway of tally ----- click accounting vouchers ----- Select accounting
voucher

Step:6 In accounting voucher ---- Enter the necessary voucher using the various voucher
Entries like Receipt, cash Purchase, cash sales, cash payment etc.

Step:7 After entering the accounting voucher ---- Press escape key -----gateway of tally
screen appear

Step : 8 In gateway of tally ----- click display-----in display----click Fund flow statement

Step : 9 The cashflow statement is appear in the screen

Record the following transaction in the bank column of the cash book

Date Particulars Amount

Rs.
Jan1 Cash sales 2,00,000
1 Rent received 10,000
3 Interest on borrowings 8,000
8 Cash purchases 1,57,000
10 Commission 7,500
15 Interest on capital 5,000
17 Rent paid 5,000
20 Salary paid 7,000
22 Paid for stationary 100
24 Telephone charges 2,500
28 Wages paid 12,000
30 Cash purchase 2,50,000
Cash sales 5,00,000
Rent received 7,500
Commission paid 10,000
Rent paid 6,500
 Salaries 13,000
Wages 10,000

ITEM GROUP ITEM GROUP

Sales Sales A/c Interest on capital Indirect expenses
Rent paid Indirect expenses Salaries Indirect Expenses
Rent Received Indirect Income stationary Indirect Expenses
Cash Cash in hand Telephone expenses Indirect Expenses
Interest on drawing Indirect income wages Direct Expense
Commission Indirect expenses Capital Capital
Purchase Purchase Drawing Capital

Journal entries
Date Entry Debit Credit Type
2006 cash A/c Dr 2,00,000 Sales
Jan 1 To sales 2,00,000
1 Cash A/c Dr 10,000
To Rent received 10,000 Receipt
3 Interest A/c Dr 8000
To cash 8000 Payment
8. Purchase A/c Dr 1,57,000
To cash `1,57,000 Purchase
10. Commission a/c Dr 7,500
To Cash 7,500 Payment
15. Interest on capital Dr 5,000
To Capital a/c 5,000 Journal
17. Rent a/c Dr 5000
To Cash 5000 Payment
20. Salary A/c Dr 7,000
To Cash a/c 7,000 Payment
22. Stationary a/c Dr 100
To Cash a/c 100 Payment
24. Telephone charges A/c 2500
To cash A/c 2500 Payment
28. Wages A/c Dr 12,000
To Cash a/c 12,000 Payment
30. Purchase A/c Dr 2,50,000
To Cash A/c 2,50,000 Purchase
30. Cash A/c Dr 5,00,000
To sales 5,00,000 Sales

30. Cash A/c Dr 7,500 7,500 Receipt

To Rent received
30. Commission A/c Dr 10,000
To Cash a/c 10,000 Payment
 30. Rent A/c Dr 6,500
To Cash A/c 6,500 Payment
30. Salaries A/c Dr 10,000
To Cash A/c 10,000 Payment
30. Wages A/c Dr 10,000
To Cash 10,000 Payment

Output

10. CASH FLOW STATEMENT

Aim: Create a programme for cash flow statement using transactions

Algorithm
Step:1 Start ---- Tally ---- Click Education module --- Create company

Step: 2 After creating accompany ------ In gate way of Tally---- Select Accounts info

Step: 3 In accounts info---- Select ledger ----- In ledger select multiple ledger

Step :4 In multiple ledger ---- Create necessary ledger ---- Come to Accounts info by
click escape key twice--- the gate way of tally is open

Step : 5 In gateway of tally ----- click accounting vouchers ----- Select accounting
voucher

Step:6 In accounting voucher ---- Enter the necessary voucher using the various voucher
Entries like Receipt, cash Purchase, cash sales, cash payment etc.

Step:7 After entering the accounting voucher ---- Press escape key -----gateway of tally
screen appear

Step : 8 In gateway of tally ----- click display-----in display----click cash flow statement

Step : 9 The cashflow statement is appear in the screen

Record the following transaction in the bank column of the cash book

Date Particulars Amount

Rs.
Jan1 Cash sales 2,00,000
1 Rent received 10,000
3 Interest on borrowings 8,000
8 Cash purchases 1,57,000
10 Commission 7,500
15 Interest on capital 5,000
17 Rent paid 5,000
20 Salary paid 7,000
22 Paid for stationary 100
24 Telephone charges 2,500
28 Wages paid 12,000
30 Cash purchase 2,50,000
Cash sales 5,00,000
Rent received 7,500
Commission paid 10,000
Rent paid 6,500
Salaries 13,000
 Wages 10,000

ITEM GROUP ITEM GROUP

Sales Sales A/c Interest on capital Indirect expenses
Rent paid Indirect expenses Salaries Indirect expenses
Rent Received Indirect Income Stationary Indirect expenses
Cash Cash in hand Telephone expenses Indirect expenses
Interest on drawing Indirect income Wages Direct Expenses
Commission Indirect expenses Capital Capital
Purchase Purchase Drawing Capital

Date Entry Debit Credit Type

2006 cash A/c Dr 2,00,000 Sales
Jan 1 To sales 2,00,000
1 Cash A/c Dr 10,000
To Rent received 10,000 Receipt
3 Interest A/c Dr 8000
To cash 8000 Payment
8. Purchase A/c Dr 1,57,000
To cash `1,57,000 Purchase
10. Commission a/c Dr 7,500
To Cash 7,500 Payment
15. Interest on capital Dr 5,000
To Capital a/c 5,000 Journal
17. Rent a/c Dr 5000
To Cash 5000 Payment
20. Salary A/c Dr 7,000
To Cash a/c 7,000 Payment
22. Stationary a/c Dr 100
To Cash a/c 100 Payment
24. Telephone charges A/c 2500
To cash A/c 2500 Payment
28. Wages A/c Dr 12,000
To Cash a/c 12,000 Payment
30. Purchase A/c Dr 2,50,000
To Cash A/c 2,50,000 Purchase
30. Cash A/c Dr 5,00,000
To sales 5,00,000 Sales
30. Cash A/c Dr
To Rent received 7,500 7,500 Receipt
30. Commission A/c Dr 10,000
To Cash a/c 10,000 Payment
30. Rent A/c Dr 6,500
 To Cash A/c 6,500 Payment
30. Salaries A/c Dr 10,000
To Cash A/c 10,000 Payment
30. Wages A/c Dr 10,000
To Cash 10,000 Payment

Output