SOP HAND BOOK

P-22
(Commerce)
7s Techolegy
Information
businessby thename M/s
Trading
Bitwise
sOP 1:
Mr.Ravindrakumar started
inthe year2019.
Company
COMPANY DETAILS

M/s BitwiseTradingCompany
Company Name:
Latur-413512
102 M.G.Road,Bhavana Nagar,
Address:
State: Maharashtra

Website: www.bitwisetrading.com
Id:
E-mail info@bitwise.com
01-04-2019
YearFrom:
Financial
Maintain: AccountwithInventory

Books BeginFrom: 01-04-2019 pass

software
orfreeeducation accounting
version
Withthehelpofany opensource various
print
in voucherstodisplayand
the following transactions appropriate Sheetand Day Book.
as Trial & LossA/c, Balance
Profit
reportssuch B alance, Amount (Rs)
Particulars
Date 5,00,000
Mr. Ravindrakumar started withcash
business
01/04/2019
credit20,000
Purchased g oodsfromSharadaSteelworks on
01/04/2019 5,000
Paid salary tostaff
02/05/2019 50,000
intoBank ofIndia
01/06/2019 C ash deposited 25,500
Sold goods toRakesh on
Enterprises cash
02/06/2019 10,000
02/07/2019PurchasedMachinery
inBank ofIndia 2,000
on cash deposited
02/12/2019ReceivedInterest

Solution
Step I:
Company Creation

Company Info
->CreateCompany
of M/s BitwiseTradingCompany withthe
i) Createa new company in the name
financial on 1/04/2019.
givendetails, yearbegins
aresetof
The features
ofa itisnecessarytosetup features.
(1i) Aftercreation company, thatenablemaintenanceof financial asper
records
as options
provided
capabilities,
of the users.Go to Features->Company Features-> Accounting
the requirements
->TypeYes
Accounts with Inventory
Maintain
Features->
StepII:Creation Of Ledger
To record any transaction,the transactionhas to be identifiedwiththe related
Two ledgersarecreatedby tally i.e.
Cash and &,Loss A/c.
Profit
Ledger Accounts.
other ledgersbased on theirrequirements.
The userhas to createvarious
nformation
Technology
(Commerce)
1
ereategiven P-23 SOP HAND BOOK
Ledgers-s
Masters-
-Account
While reatinga Info -Ledgers
Ledgers-Single
ledger,
fromthe
selected Ledger-Create
listname oftlhe
of long with appropriate
group s
d be
groups.
Ledger Under Group
Capital
A/c
Bank ofIndia Capital
Account
A/c Bank Account
A/c
Salary
Indirect
PurchaseA/c Expenses
PurchaseAccounts
SharadaSteel
WorksA/cSundry
SalesA/c Creditors
SalesAccounts
MachineryA/c FixedAsset
Interest
Received A/c
Indirect
Income
To view the listof created :
ledgerAccounts Info->Ledger
Display
Step III:
VoucherEntries
AllAccountingSoftwarehas a setof predefined
vouchers such asPurchase
from
Payment,Keceipt,Journaland Contra.To pass voucher entries Gateway ot
vouchner and
Tally-> lransactions
-> Accountingvouchers ->Select appropriate
pass allthe entries.
ofTransactions
Analysis
Amt.
DebitAmt. Credit
Particular
Date2019 VoucherType
April Receipt
Dr.Cash 5,00,000
5,00,000
F6 Cr. A/c
Capital
20,000
PurchasesA/c
Dr.
1April Purchases
F9
Works
Cr.Sharadasteel
A/c
5,000
20,000

Dr.
SalaryA/c 5,000
2 May Payment A/c
Bank ofIndia
F5 Cr. A/c 50,000

Contra Dr.Bank ofIndia 50,000

1 June
F4
Cr.Cash A/c 25,500

Sales
Dr.Cash A/c 25,500

2June Cr.SalesA/c |10,000

F8 Dr. A/c
Machinery 10,000
Purchases
2 July Cr.Cash A/c
A/c 2,000
F9
Dr. Bank ofIndia A/c 2,000
Receipt Received
2Dec Cr. Interest
F6
 TPS Information
Technology(Commerce) P-24
SOP HAND BOOK
StepIV:To viewvariousReports
To view TrialBalance->
Display-> Trial
Balance
TalilyERP
Print
port EMail O Upicad STalyShop Language
Trial
Balance NS BReTrd Compary

Particulars MisBitrise
TradingCompan
to 2-0es-2019
Josing Balance
De Cred
CapitakASCOUR
Liabilities
urrent A 7Nochera
Current Assets 20.000.0

5,12,500.00
SalesAccounts
25.500.00
Purchase Accounts
30,000.00
IndirectIncomes
ndirectExpenses 2,000.00
5,000.00

10:5 eports
Features
E12:Cog
547 500.00 547.500.002:
Range
T8nd Total
R:Rere E esteA Spare:
Quit Lie URedie bne

PtLtd, 1983-2 Mon,

PZValue
Jul
13 202 20-00-11
Sclutions
TallyMAlN- Getenay of Tally-->
DisplayMenu--
Trial
Balence Tally

& LossAlc
and LossA/c ->Reports->Profit
(ii) To viewProfit
Tally ERD9
H Help F1:Detailed
P:Print E Export -Mail 0:Upload STailyShop Language
ControlCentre SupoortCentre

&LossA/c
Profit S Behnselradngcompany Ctd+N EF2:Period
M/s Bitwise Frading
M/s BitwiseTrading Company Company Cona
Particulars Apr-2U19 to2-Dec-2019 Particulars to2-Dec-2019
1-Apr-2019
F7:Valuation
chedule V
PurchaseAccounts SalesAccounts
S0.000.00 25,500.00
Grossoss c/o 4,500.00
30.000.01 30.000.00
Gross Loss bf Indirect
4,500.00 Incomes 2,000.00
Indirect
Expenses NettLoss
5,000.00 7,500.00

New olkumn
AAlterColumn

N Auto Ca

F10:Ac Repots

F11:
Feaur
F1Z:Corthgaure
Total 9.500.00Total 9.500.00
RRemaeLime Range

Taly aN Tal
2 Value
Gateway ofTslyPrefit
& Loss A 1985-2
Solubions Pvt Ltd, Men, 13Jul20220-002
 Techi
torniatTOn nology(Comm
nmerce
Tovi
iew Balance
Sheet P-25 SOP HAND BOOK

-ReportsBalance heet
Liabilities

Ae yBtwe Trabing

Fixed Asset
Cearreet Assets
5.12.308.00

nce
A00LAo|Prot&Loss AA

Cument Pend
7509.00

New Cokinn

F10:Ac Repens
Total FIE Features
Qut
.000.0oTotal 5,20,000.00
Configure
F12: Range
Talyh GtatcfTaly-BalanceSheet i
e Lie Resto Space:
Sht
Ctr NF12 Value

Tally 198-
ScluticnsPut Ltd, Men 13Jul0
:00:54

To view Day Book ->

Display->Day Book->Detailed +F1)
(Alt
Pit EExpoit :EMail Upload TalyShop G
aeyeock
NsBitse Tradimg Cor
K:ControlCentre H Supoot Help
OentreH: Condensed
Ctrl+N
1-Apr-2019to2-Dec2019
Particulars riod
VchTyp Vch No Debit Amount Credit Anount
inwardsQty OutwardsCtyF Voucher

Cash 5.00.000.0
Dr Receipt 5.00.000.08
4209 SharadaSteelWorksAlc Purchase
PurchasesAc
39 SalaryAc
20.000.00
Dr
ayment
20,000.00

Cash 5,000.00
Cr
5,000.00
Cash Contra
Bankof lndiaAlc 50,000.00D 50,000.00
2013Cash Sales 25,500.00
SalesAlc 25,500.00
C
019 Cash Purchase
10,000.00
PurchasesAC Dr
10.008.00
3019interest Receipt
Cash Alc
Received Dr
2,000.00
2.000.00

E Post
Dated Rep:

FS entesy Rpas

Ft0:Ac Reports
F: Featues

12Conhgur

uche etSce 12 Range

Dupics
TeibySelutions
Putttd,
1988-2fan,13Jul
2021 20-0133
teay of lene De Book
Taly