Tally Asingment

**23/02/2023**
Create a company (Accounting Period – 2022-2023) in Tally Prime by naming it with

‘Student name _ College UID’ (West Bengal, Kolkata – 700040). Enable the necessary
features as required in the given question. Show the Steps of creating company.
Also attach printout of the company creation page.
Here are the steps:
Launch Tally Prime software on your computer.
On the home screen, click on "Create Company" or go to "Gateway of Tally" and

select "Create Company" from the menu.
In the "Create Company" screen, enter the following details:
Company Name: Rishikesh Bhoutika_0101200172

Mailing Name: Rishikesh Bhoutika
Address: West Bengal, Kolkata - 700040
Financial Year: 2022-2023 (Set the start and end dates accordingly)
Scroll down the screen and provide additional details such as:
Base Currency: Select the appropriate currency for your company's transactions.
Maintain: Select "Accounts with Inventory" if your company deals with inventory
management; otherwise, choose "Accounts only."
Configure other settings as required, such as taxation details, banking
information, and security options. You can access these settings by clicking on the
respective tabs on the left-hand side of the screen.
Once you have entered all the necessary details, review them to ensure accuracy.
Finally, click on the "Accept" button to create the company.
**25/02/2023**
Create the following Accounting Ledgers under the appropriate group. Prepare a
table showing Accounting Ledger under Appropriate Group. Also attach printout of
Chart of Accounts of All Ledgers created (Ledger view).
a. Capital A/c
b. ICICI Bank A/c
c. Furniture A/c
d. Purchase A/c
e. Purchase return A/c
f. Sales A/c
g. Sales Return A/c
h. Infotech Pvt Ltd A/c (Supplier)
i. Suresh A/c (Customer)
j. Ramesh A/c (Customer)
k. Mukesh A/c (Customer)
l. Depreciation A/c
m. Salaries A/c
n. General Expense A/c
Here are the steps:
Launch Tally Prime software and open the company you created.
Go to "Gateway of Tally" and select "Accounts Info" from the menu.
Choose "Ledgers" and then click on "Create" to create a new ledger.
Create the following accounting ledgers under their respective groups:
a. Capital A/c:
Name: Capital A/c

Under: Capital Account
b. ICICI Bank A/c:
Name: ICICI Bank A/c

Under: Bank Accounts
c. Furniture A/c:
Name: Furniture A/c

Under: Fixed Assets
d. Purchase A/c:
Name: Purchase A/c

Under: Direct Expenses
e. Purchase return A/c:
Name: Purchase return A/c

Under: Indirect Expenses
f. Sales A/c:
Name: Sales A/c

Under: Direct Incomes
g. Sales Return A/c:
Name: Sales Return A/c

Under: Indirect Incomes
h. Infotech Pvt Ltd A/c (Supplier):
Name: Infotech Pvt Ltd A/c (Supplier)

Under: Sundry Creditors
i. Suresh A/c (Customer):
Name: Suresh A/c (Customer)

Under: Sundry Debtors
j. Ramesh A/c (Customer):
Name: Ramesh A/c (Customer)

k. Mukesh A/c (Customer):
Name: Mukesh A/c (Customer)

l. Depreciation A/c:
Name: Depreciation A/c

m. Salaries A/c:
Name: Salaries A/c

n. General Expense A/c:
Name: General Expense A/c
After creating all the ledgers, you can view the chart of accounts by going to
"Gateway of Tally" and selecting "Display" > "Account Books" > "Chart of Accounts."
This will show you a list of all the ledgers created under their respective groups.
**27/02/2023**
Here are the steps to create the inventory masters in Tally Prime:
Launch Tally Prime and open the company you are working with.
Go to "Gateway of Tally" and select "Inventory Info" from the menu.
Choose "Units of Measure" and click on "Create" to create a new unit.
a. Units - Pcs (Pieces):
Name: Pcs
Symbol: Pcs
Formal Name: Pieces
Next, select "Stock Groups" and click on "Create" to create a new stock group.
b. Stock Group - Computers:
Name: Computers
Under: Primary (or select an appropriate parent group)
Now, select "Stock Items" and click on "Create" to create new stock items.
c. Stock Item - HP Computers:
Name: HP Computers
Under: Computers (select the appropriate parent group)
Units: Pcs (select the units created earlier)
Opening Balance: Enter the initial quantity, if applicable
d. Stock Item - Dell Computers:
Name: Dell Computers

Under: Computers
Units: Pcs
e. Stock Item - Apple Computers:
Name: Apple Computers

Under: Computers
Units: Pcs
After creating the inventory masters, you can view them by going to "Gateway of
Tally" and selecting "Display" > "Inventory Books" > "Stock Summary." This will
show you a summary of the stock groups and stock items you have created.
**01/03/2023**
Here are the steps to pass the accounting entries for the given transactions in
Tally Prime:
Cash introduced into the business - Rs. 5,00,000:

a. Go to "Gateway of Tally" and select "Accounting Vouchers."
b. Choose "Receipt" voucher type.
c. In the Receipt voucher, select the appropriate bank or cash ledger where the
cash is introduced.
d. Enter the date as 1st April 2022.
e. Debit the capital account ledger with Rs. 5,00,000.
f. Credit the cash ledger with Rs. 5,00,000.
g. Save the voucher.
Furniture purchased in cash - Rs. 1,00,000:
a. Again, go to "Gateway of Tally" and select "Accounting Vouchers."
b. Choose "Payment" voucher type.
c. In the Payment voucher, select the appropriate furniture ledger for the
purchase.
e. Debit the furniture ledger with Rs. 1,00,000.
f. Credit the cash ledger with Rs. 1,00,000.
Opened a bank account with ICICI Bank and deposited Rs. 50,000 in cash:
a. Once more, go to "Gateway of Tally" and select "Accounting Vouchers."
c. In the Receipt voucher, select the ICICI Bank ledger for opening a bank account.
e. Debit the ICICI Bank ledger with Rs. 50,000.
f. Credit the cash ledger with Rs. 50,000.
**03/03/2023**
Purchased 20 pcs of HP computers from Infotech Pvt. Ltd. @ Rs. 35,000 each on
credit (Invoice number - IPL/0047/2022-23):
b. Choose "Purchase" voucher type.
c. In the Purchase voucher, select the appropriate purchase ledger for the
transaction.
e. Debit the purchase ledger with the total amount of the purchase (20 pcs x Rs.
35,000).
f. Credit the supplier's ledger (Infotech Pvt. Ltd. A/c) with the total purchase
amount.
g. Enter the invoice details such as invoice number, date, and supplier's
reference.
h. Save the voucher.
Sold 5 pcs to Suresh @ Rs. 50,000 each on credit:
b. Choose "Sales" voucher type.
c. In the Sales voucher, select the appropriate sales ledger for the transaction.
e. Debit the customer's ledger (Suresh A/c) with the total sales amount (5 pcs x
Rs. 50,000).
f. Credit the sales ledger with the total sales amount.
Sold 5 pcs to Ramesh @ Rs. 60,000 each on credit, amount payable in three equal
monthly installments starting from 1st of next month:
b. Choose "Sales" voucher type.
c. In the Sales voucher, select the appropriate sales ledger for the transaction.
e. Debit the customer's ledger (Ramesh A/c) with the total sales amount (5 pcs x
Rs. 60,000).
f. Credit the sales ledger with the total sales amount.
g. Set the mode of payment as "Bill-wise Details."
h. Specify the installment details (amount, due dates, etc.) in the bill-wise
details section.
i. Save the voucher.
**06/03/2023**
To pass the accounting entries for the given transactions in Tally Prime, follow
these steps:
Received Rs. 60,000 from Suresh via cheque number 270034 drawn on Federal Bank and
deposited into the bank on the same day:
c. In the Receipt voucher, select the appropriate bank ledger for the transaction.
e. Debit the bank ledger with Rs. 60,000.
f. Credit the Suresh ledger with Rs. 60,000.
g. Enter the details of the cheque number, bank name, etc.
Placed an order for 30 pcs of HP computers @ Rs. 35,000 to Infotech Pvt. Ltd.:
b. Choose the appropriate voucher type based on the nature of the transaction (such
as Purchase Order or Sales Order).
c. In the Order voucher, select the appropriate party ledger for the transaction
(Infotech Pvt. Ltd. A/c).
e. Enter the quantity as 30 pcs and the rate as Rs. 35,000.
f. Save the voucher.
Received 20 pcs from Infotech Pvt. Ltd. (Challan number - DC-112):
as Goods Receipt Note or Delivery Note).
c. In the voucher, select the appropriate stock item ledger for the transaction (HP
Computers).
e. Enter the quantity as 20 pcs.
f. Enter the details of the challan number (DC-112) and any other relevant
information.
**09/03/2023**
pass the accounting entries for the given transactions in Tally Prime, follow these
steps:
Received remaining 10 pcs from Infotech Pvt. Ltd. (Challan number - DC-147):
as Goods Receipt Note or Delivery Note).
Computers).
f. Enter the details of the challan number (DC-147) and any other relevant
information.
Received an invoice from Infotech Pvt. Ltd. for the above consignments (Invoice
number - IPL/0089/2022-23):
b. Choose "Purchase" voucher type.
c. In the Purchase voucher, select the appropriate purchase ledger for the
transaction.
e. Debit the purchase ledger with the total amount mentioned in the invoice.
f. Credit the supplier's ledger (Infotech Pvt. Ltd. A/c) with the total purchase
amount.
g. Enter the invoice details such as invoice number, date, and supplier's
reference.
Paid Infotech Pvt. Ltd Rs. 45,000 via cheque no. 100001 dated 1st April 2022:
c. In the Payment voucher, select the appropriate bank ledger for the transaction.
e. Debit the supplier's ledger (Infotech Pvt. Ltd. A/c) with Rs. 45,000.
f. Credit the bank ledger with Rs. 45,000.
g. Enter the details of the cheque number, date, and any other relevant
information.

**11/03/2023**
pass the accounting entries for the given transactions in Tally Prime, follow these
steps:
Returned 2 pcs of damaged computers to Infotech Pvt Ltd. from the second invoice:
as Debit Note or Credit Note).
Computers).
f. Enter the details of the invoice number, date, and any other relevant
information.
Received an order from Mukesh for 6 pcs @ Rs. 50,000 each:

as Sales Order or Purchase Order).
c. In the voucher, select the appropriate party ledger for the transaction (Mukesh
A/c).
e. Enter the quantity as 6 pcs and the rate as Rs. 50,000.
Delivered 6 pcs to Mukesh:

as Delivery Note or Sales Invoice).
Computers).
f. Enter the details of the customer (Mukesh A/c) and any other relevant
information.
**13/03/2023**
To pass the accounting entries for the given transactions in Tally Prime, follow
these steps:
Issued bill to Mukesh:
as Sales Invoice or Sales Voucher).
c. In the voucher, select the appropriate party ledger for the transaction (Mukesh
A/c).
e. Enter the details of the items sold, quantities, and rates.
Paid Salaries Rs. 20,000 in cash:

c. In the Payment voucher, select the appropriate ledger for salaries (Salaries
A/c).
e. Debit the salaries ledger with Rs. 20,000.
f. Credit the cash ledger with Rs. 20,000.
Provide depreciation on furniture Rs. 10,000:

as Journal Voucher or Adjustment Entry).
c. In the voucher, select the appropriate ledger for depreciation (Depreciation

A/c).
e. Debit the depreciation ledger with Rs. 10,000.
f. Credit the furniture ledger with Rs. 10,000.
**15/03/2023**
Attach Print out of the Following in Detailed mode:

a. Profit & Loss A/c
b. Balance Sheet
c. Stock Summary

Tally Asingment

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Tally Asingment

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**23/02/2023**

Create a company (Accounting Period – 2022-2023) in Tally Prime by naming it with

Here are the steps:

Launch Tally Prime software on your computer.

On the home screen, click on "Create Company" or go to "Gateway of Tally" and

In the "Create Company" screen, enter the following details:

Company Name: Rishikesh Bhoutika_0101200172

Finally, click on the "Accept" button to create the company.

Here are the steps:

Choose "Ledgers" and then click on "Create" to create a new ledger.

Create the following accounting ledgers under their respective groups:

Name: Capital A/c

Name: ICICI Bank A/c

Name: Furniture A/c

Name: Purchase A/c

Name: Purchase return A/c

Name: Sales A/c

Name: Sales Return A/c

Name: Infotech Pvt Ltd A/c (Supplier)

Name: Suresh A/c (Customer)

Name: Ramesh A/c (Customer)

Name: Mukesh A/c (Customer)

Name: Depreciation A/c

Name: Salaries A/c

Go to "Gateway of Tally" and select "Inventory Info" from the menu.

Choose "Units of Measure" and click on "Create" to create a new unit.

a. Units - Pcs (Pieces):

b. Stock Group - Computers:

c. Stock Item - HP Computers:

Name: Dell Computers

Name: Apple Computers

Cash introduced into the business - Rs. 5,00,000:

b. Choose "Receipt" voucher type.

d. Enter the date as 1st April 2022.

e. Debit the capital account ledger with Rs. 5,00,000.

f. Credit the cash ledger with Rs. 5,00,000.

g. Save the voucher.

Furniture purchased in cash - Rs. 1,00,000:

a. Again, go to "Gateway of Tally" and select "Accounting Vouchers."

b. Choose "Payment" voucher type.

d. Enter the date as 1st April 2022.

e. Debit the furniture ledger with Rs. 1,00,000.

f. Credit the cash ledger with Rs. 1,00,000.

g. Save the voucher.

a. Once more, go to "Gateway of Tally" and select "Accounting Vouchers."

b. Choose "Receipt" voucher type.

d. Enter the date as 1st April 2022.

e. Debit the ICICI Bank ledger with Rs. 50,000.

f. Credit the cash ledger with Rs. 50,000.

g. Save the voucher.

a. Go to "Gateway of Tally" and select "Accounting Vouchers."

b. Choose "Purchase" voucher type.

d. Enter the date as 1st April 2022.

h. Save the voucher.

Sold 5 pcs to Suresh @ Rs. 50,000 each on credit:

a. Again, go to "Gateway of Tally" and select "Accounting Vouchers."

b. Choose "Sales" voucher type.

d. Enter the date as 1st April 2022.

f. Credit the sales ledger with the total sales amount.

g. Save the voucher.

a. Once more, go to "Gateway of Tally" and select "Accounting Vouchers."

b. Choose "Sales" voucher type.

d. Enter the date as 1st April 2022.

23/02/2023