Q1.

Create a company OM JAIN in Tally ERP 9 and explain the steps involved
in creation of a company.
Sol:
1. Open Tally Software by double clicking on the Tally. ERP 9 icon.
2. If we are opening Tally ERP 9, first time after installation, then we will be landed to a
menu called company info menu. (If we are in Gateway of Tally, then Press Alt+F3 to get
that menu).
3. Select Create Company option in the menu and press enter key.
4. The screen displayed in-front of us is company creation screen.
5. Type the name of the company, address, Financial year details and all other details asked
by the creation screen.
6. Press Enter Key, finally the program will ask the confirmation to Save, Yes or No.
7. To save and create company we Press Enter Key, Press Y Key or click on Yes. The
program will create a company and we will be entered into it.

Step I

Double click on tally icon from your desktop

If we are using Tally for the first time after installation, then we will have a screen like
below. Inside company info, menu on the right side of the screen we appear like below.

1
Step II
We are in company info menu. To create a company, select create company from the menu
and Hit Enter Key.

2
Company Creation screen will be displayed.

In this company creation screen, we should enter all the details of the company.

Directory: - Directory means the data storage location , This is the place where tally store all
data you entered in tally ERP9. By default, the data storage will be inside the installation
folder. We can change it at our desired location by typing it manually. For example D:/Tally
data.

Name: Type the name of the company in this field , for Example. ABC LTD.

Address: This is the place where we can enter the address of the company.

Country : Select the country from the list in which your business exist..

State : Select the state in which you want to comply statute.

Pincode: Pincode of the location where your company office exists.

Telephone: Enter telephone number

Mobile No: Enter mobile number

Fax No : Fax No if exists.

Email: Enter your official communication mail id

3
Website: Enter website address if exists.

Book and financial Year Details.

Financial year from: Type financial year in which we want to create the company.

Book beginning from: Most of the company have a book beginning date same as financial
year starting date. But may differ for companies:

● Which are starting in the middle of the financial year.

● Companies which are migrating from Manual Accounting to Tally ERP9, some
where in the middle of the financial year.

Security Control In Tally ERP9 at company creation screen.

Tally vault password: This is for security purpose, By enabling this, Tally ERP9 Convert
tally data in to encrypted format. Encryption means convert data from recognised format to
unrecognised format.
For example : Your password is – tally123@ system will encrypt this password something
like @54gh$%hf4&*$$$#. The benefit is that, It is very difficult to read the data even if our
data is stolen.
By entering Tally Vault password you can prevent unauthorized access of company data.

Use Security control: By enabling this you will get a complete control over your data, You
can assign users for specific purposes, for example

● You can assign data entry operators who can access only voucher entry screens.

● You can assign billing clerks who can access only Sales invoice voucher

● You can assign Financial managers who can access financial data’s and reports as the
administrator control his access.

4
In this section you will be asked administrator name and password. Tally will give you a
warning message ’Forgetting your password will render your data inaccessible!!’,before
moving onto next option see below image.

Use Tally Audit Features: By enabling this option, the administrator will have the privilege
of an auditor, He can track the changes made by users.

Disallow opening in Educational Mode: You cannot open the company if the program is in
educational mode.as we all know Tally is freely available for educational purposes,in which
you can enter transactions only in first and last date of every month.

Base currency information in Company creation screen.

This is the currency information Screen,Almost all field are auto filled and can make changes
if required.The following fields are available in this section.

Base Currency Symbol: This the currency symbol of the country you have selected.No
need to change it if you are using the same currency for accounting.
Formal Name: This is the formal name of the currency you are using.

Is symbol Suffixed to amounts: asking whether currency symbol is required prior to amount
like $45

Add space between Amount and symbol: This is like $ 45, a space in between currency
symbol and amount.

Show Amount in millions: if you set this option Yes ,Tally will display amount in
millions ,That is in Balance sheet or other report, Amount for example 10000000 will be
shown as 10. one million is equals 1000000.

5
Number of decimal place: Usually 2 decimal places are using, for using Paisa in Indian
currency we use 2 decimal place like Rs 99.99 ,Ninety nine rupees ninety nine Paisa.

Word used to print decimal portion of amount: This is used in printing , in Indian
currency decimal portion is said to be Paisa. Set it as per your formal name of decimal value
in your currency. .For USD it is cents. Hundred cents make one dollar.
Decimal place for printing amount in words: If you set this option 1 in Indian currency, When
printing 75 Paisa. prints seventy Paisa. if you set 2 then it will print second fraction like
seventy five Paisa.

Step3
Accept the screen. If one has entered all details, tally vault password will be asked. Enter
Tally Vault Password here.

We will be asked user name password you have entered in security control. Enter that as well.

6
Tally ERP9 will create a company and direct you to the Menu Gateway of Tally Where you
can create masters and enter transactions.

On the left side you can see the current period, current date, Name of the company, Name of
last Entry etc. Just under Name of the company you can see the name of newly created
company in boldface. This means that listed company is loaded.

On the right hand side of the screen, there is menus where you can create company masters
and enter transactions.

7
Creation of Ledger Accounts
Q2.Create the following ledgers in Tally ERP 9 and explain the steps involved
in creation of ledgers.
S.No. Ledger Name Ledger Group Debit Amount Credit Amount
1. Capital A/c Capital Account 1000000
2. General Reserve A/c Reserve & Surplus 50000
3. Capital Reserve A/c Reserve & Surplus 30000
4. Profit & Loss A/C Primary* 82000
5. Loan from ICICI A/c Secured Loans 2000000
6. SBI (O/D) A/c Bank O/D A/C 25000
7. Supreme InfoTech Sundry Creditors 30000
8. Anirban Pvt. Ltd. Sundry Creditors 32000
9. O/s Salary A/c Outstanding Expenses* 25000
10. O/s Rent A/c Outstanding Expenses* 12000
11. Furniture & Fixture A/c Fixed Assets 1500000
12. Computer A/c Fixed Assets 106000
13. Machinery A/c Fixed Assets 900300
14. NSC A/c Investment 75000
15. Adv. Salary A/c Loan & Advanced 5000
(Assets)
16. Roy InfoTech Sundry Debtors 38000
17. Globe Infosys Sundry Debtors 31000
18. Cash A/c Cash In Hand* 32000
19. State Bank of India A/c Bank Account 228000

SOL:
STEP1: Firstly, go to gateway of tally and then go to account info.

8
STEP 2: go to ledgers

STEP3: now under single ledger select create

STEP4:

9
Now you will see a simple ledger creation window in which you have to enter creation details
of ledger

Name- the first options is the name of ledger . enter the name of ledger, for example
furniture a/c
Under – every ledger requires a group to operate in. for example , furniture a/c and will be
under fixed assets group as they are fixed assets.
Inventory values are affected – if you have a ledger which requires inventory or in simple
words, stock to be maintained , set the option to yes
Mailing details- you have to fill mailing details like name, address, country and bank
details for the ledger.
It is for ledger such as debtor and creditor which require these kinds of details.
Ledger such as furniture or building do not require these details because they are not humans
and therefore they do not have any mailing details
Tax registration details – similar to mailing details , these details are also of people and not
for ledgers like furniture and building etc.
Tax registration details include PAN which is required on any tax related document.
Opening balance – this is the opening balance of ledger if any.
Any balance of the ledger which is being carried forward from the previous year will have to
be entered as the opening balance.

10
Solved solution:
1. Trial balance

2. Displayed ledgers

11
Q 3. Record the following transactions in the books of “SHRISTI SINGLA”
in Tally ERP 9 and explain the steps involved in passing of such entries in the
respective accounting vouchers.
Payment Voucher
1. Paid O/s Salary (Rs. 25000) on 01/04/2021 from State Bank of India Cheque No.
100001.
2. Paid O/s Rent (Rs. 12000) on 01/04/2021 from State Bank of India Cho. No.
100002.
3. Company clear the dues of Supreme InfoTech of Rs. 20000 from State Bank of
India (Cho No. 10000) on 01/04/2021.
4. Payment made for advertisement of Rs. 5000 to Arab publisher on 01/04/2021.
Receipt Voucher
5. Received Rs. 31000 from Globe Infosys against their pending bill by an UTI
cheque State Bank of India on the same day. (Cheque No. 123456, Dt.
02/04/2021).
6. Received a cheque of Rs. 30000 (Chq. No. 654321) on 02/04/2021 of Allahabad
Bank from Roy Info Tech against their pending bills and deposited into State
Bank of India on the same day.
7. NSC matured and gets a cheque of Rs. 10000 (Chq.No. 234562) on 02/04/2021
and deposited into company bank Account (SB1).
8. A Loan of Rs. 200000 is taken of Kunal (UTI bank Chq. No. 654321) Dt.
02/04/2021 and deposited in State Bank of India.
Contra Voucher
9. Cash withdrawn Rs. 15000 from State Bank of India on 01/05/2021.
10. Deposited Rs. 5000 to State Bank of India on 01/05/2021.
11. Open a bank account in UTI Bank for Rs. 10000 on 01/05/2021.
12. Transfer Rs. 5000 from UTI Bank to State bank of India on 01/05/2021.
Journal Mode
13. Adjust the advance salary (Rs. 5000) with current salary on 02/05/2021.
14. Purchase furniture worth of Rs. 10000 from Singhal Plywood on 02/05/2021.

Step1: from gateway of tally go to accounting vouchers

12
Step2: now you will see a simple accounting voucher creation window in which you will
have to enter certain details about entries

13
 On the right menu, you will see a list of available vouchers you can create. Select one that
meets best.

● contra voucher (F4) – contra voucher are for when money is deposited or withdrawn
for bank transfer between accounts of same category

● payment voucher (F5) – this voucher is for payments made by business

● receipt voucher (F6) – this voucher is for any income made by company (sale , rent ,
etc.)

● journal voucher(F7) – transaction that don’t relate to sales , purchase , cash , or other
income .mostly used for adjustments and opening and closing balances.
● Sales voucher (F8) – this voucher is used for the sales of company

● Purchase voucher (F9) – this voucher is used for purchase of company

Final solution:
Voucher 1

Voucher 2

14
Voucher 3

15
Voucher 4

Voucher 5

16
Voucher 6

Voucher 7

17
Voucher 8

Voucher 9

18
Voucher 10

Voucher 11

19
Voucher 12

20
Voucher 13

Voucher 14

21
Detailed trial balance
1.

Day book

22
Q4.Create the following stock groups, stock categories, stock items, units of
measures and godowns in Tally ERP 9 and explain the steps involved in
creation of such items.

Stock Creation Group:

Gateway of Tally Inventory Info→→ Stock Group → Create
Name Under

Mobile Primary

Tablet Primary

Laptop Primary

Stock Category Creation:

Press F11 Inventory Features (F2) turn on the option "Maintain Stock Categories
Gateway of Tally inventory Info→ Stock Categories Create
Name Under
MI Primary

23
 OPPO Primary
VIVO Primary

Samsung Primary

Godowns Creation:
Press F11 Inventory Features (F2) turn on the option "Maintain Multiple Godowns".
Gateway of Tally inventory Info Locations→→ Create
Name Under

KANPUR Primary

GHAZIABAD Primary

Unit of Measure Creation:

Gateway of Tally→ Inventory Info → Unit of Measure→Create
Name : Pcs
Under : Pieces
Stock Item Creation:
Gateway of Tally Inventory Info Stock Item→ Create

Item Name Group Category Quantity Rate Value
OPPO A9 Mobile OPPO 7 14500 101500

Godown Quantity Rate Per Amount

Kanpur 4 14500 Pcs 58000
Ghaziabad 3 14500 Pcs 43500

Item Name Group Category Quantity Rate Value
Samsung Mobile Samsung 11 1400 15400
B310E

Godown Quantity Rate Per Amount

Kanpur 6 1400 Pcs 8400
Ghaziabad 5 1400 Pcs 7000

Item Name Group Category Quantity Rate Value

24
 OPPO F19 Mobile OPPO 5 28000 140000

Godown Quantity Rate Per Amount

Kanpur 3 28000 Pcs 84000
Ghaziabad 2 28000 Pcs 56000


Item Name Group Category Quantity Rate Value
Nokia 150 Mobile Nokia 10 1900 19000

Godown Quantity Rate Per Amount

Kanpur 5 1900 Pcs 9500
Ghaziabad 5 1900 Pcs 9500

Item Name Group Category Quantity Rate Value
Vivo Y30 Mobile VIVO 5 7000 35000

Godown Quantity Rate Per Amount

Kanpur 3 7000 Pcs 21000
Ghaziabad 2 7000 Pcs 14000

Item Name Group Category Quantity Rate Value
Redmi Note 9 Pro Mobile Mi 4 14950 59800

Godown Quantity Rate Per Amount

Kanpur 2 14950 Pcs 29900
Ghaziabad 2 14950 Pcs 29900

SOL:
Firstly go in gateway of tally then in inventory info. Then stock groups

25
Stock group creation display after click on create stock groups

26
Stock group created which show in display

27
Now enable stock categories option

Creation of stock categories

Stock categories created will be shown in display

28
Now create unit of measure

Now create it

Now display the unit of creation

29
Now enable godown creation

Now create godowns

30
Create godowns here

Created ledgers will be displayed here

31
Now create stock items

32
The displayed screen after creation will be like this

Stock summary

33
Q5: What is a bank reconciliation statement? How can this feature be activated
in Tally ERP 9?
SOL:
Bank reconciliation
Bank reconciliation explains the difference between the bank balance shown in an
Organization’s bank statement and the corresponding amount shown in the organizations
Accounting records, on a particular date.
To reconcile the bank statement
● Go to ‘Gateway of Tally > Banking > Bank Reconciliation’

● Select the name of the required bank

The ‘Bank Reconciliation’ screen appears:
● Match every transaction with the bank statement and record the transaction date in the
‘Bank Date’ field.

4. The Reconciliation found at the bottom of the screen shows:

● Balance as per company books

● Amount not reflected in bank

● Amount not reflected in company books

● Balance as per bank

34
 ● Balance as per Imported Bank Statement

● Difference

The Balance as per company books reflects the balance as on the last date (in the example, it
is 30th April).

The Amount not reflected in bank are the debit and credit sums of all those vouchers, whose
Bank Date is either BLANK , or LATER than 30-Apr (i.e. these vouchers have not yet been
reflected in the bank statement).

The Amount not reflected in company books are entries which are present in the bank
statement but are not recorded in company's books.

The Balance as per bank is the net effect of the Book Balance offset by the amounts not
reflected in the Bank – which must be equal to the balance in the bank statement.

The Balance as per Imported Bank Statement refers to the balance displayed on importing the
bank statement for reconciliation.

The difference in Bank Balance (difference in Balance as per Bank and Balance as per
Imported Bank Statement) will be shown here.

Reconciling Manually

As the individual vouchers are marked for reconciliation by setting the Bank Date, the
reconciled value at the bottom of the screen keeps updating the changes. Once this process is
complete, press Ctrl + A or Enter as many times as necessary to skip over the unmarked
vouchers and accept the screen.

The next time user opts for reconciliation, the screen displays only those vouchers that
remain un-reconciled. However, the vouchers reconciled already can be viewed to edit the
marking if required, by using F12: Configure

Set Show Reconciled Vouchers also to Yes to see the reconciled vouchers.

Set Allow back dated Reconciliation to Yes to enter bank dates which are lesser than the
Voucher date.
Press Alt+P or click on the Print button to print your reconciliation report.
The print preview screen is displayed as shown below:

35
Auto Reconciliation
For banks enabled with the feature of auto reconciliation in ledger master, the buttons:
● B: Bank Statement and R: Reconcile Unlinked appear on the right side button bar
● D: Delete unlinked button appears on the button bar above Info Panel.
Since e-Banking is enabled for many banks, Import and View Bank Statements options will
get enabled only if these banks are predefined for auto reconciliation while creating or
altering the Bank Ledger.

The Excel, MT940 or .CSV files can be imported using B : Bank Statement button ( Alt+B ).
On pressing this button, the Bank Statement File screen displays the Directory which was
specified as the Location of Bank Statements in F12: Configuration > Banking Configuration.
Select the File Type as per the bank statement format.

By setting the option Show Imported Bank Statement to Yes in F12: Configuration, the bank
statement which is already imported can be selected again for import. The files will be listed
in alphabetical order with details of file type and import status (showing whether it is already
imported or not).

The Bank Statement which would be imported can be previewed using I : With View button (
Alt+I ) and then imported using I : Import button ( Alt+I ). It can also be imported even
before generating the preview. Users must ensure that the bank statements being imported
haven’t been edited or altered in any way. If any changes are made, the error message - Not a
valid format will be displayed while importing the statement.

During import, the Import progress bar gets displayed followed by the Success message with
Count of Total Entries in bank Statement, transactions Reconciled and Additional Bank
Entries. The imported statements can be hidden from the list of files displayed for selection
using

After import, bank dates will get filled in Bank Dates field automatically in Bank
Reconciliation statement.

36
The transactions which have been executed at the bank’s end (example, bank charges, interest
credit etc.) but not yet reflected in the books of accounts will appear under the Amount Not
Reflected in Company Books.

The unlinked transactions can be reconciled to existing transactions or new vouchers can be
created to link it (to create vouchers click on C: Create Vouchers button or press Alt+C )
using this information or delete them.

Q6: Explain the process of importing and exporting of data from/to MS-Excel
in Tally ERP 9.
SOL:
Procedure to Export the data

Step 1. Ensure that the F11: Features of both the companies are same. If not make the
required changes to have similar F11: Features in both companies.

Step 2. Load the company whose data you would like to export and follow the steps given
below to export the data.

● Go to Gateway of Tally > Display > List of Accounts

● Click E: Export or press Alt +E

The Exporting List of Ledgers screen is displayed.

● Select Default (All Languages) in the Language field

37
 ● Select XML (Data Interchange) in the Format field
● Enter the path of the location where the files are to be exported in the Export Location
field.

The Output File Name field is pre-filled with the name master with file extension based on
the option selected in Format field. You can change the name, if required.

● Select the option All Masters in the Type of Masters field.

● Accept to export the data in seleted format.

● Similarly export the company’s Vouchers from Display > Day Book

● Shut the Company after exporting the Masters and Vouchers.

Step 3. Load the company where masters have to be imported.

Procedure to Import the data

● Go to Gateway of Tally > Import of Data > Masters

38
● In Import of Masters screen, enter the required filename in Import File Name
(XML) field
● Select the required Behaviour in Treatment of entries already existing field
o Combine Opening Balance – Select this option to combine the opening
balances both existing and new balances
o Ignore Duplicates – Ignore all duplicate entries
o Modify with New Data – Does not combine opening balances but modifies the
existing data

39
On successfully importing the Masters, you can proceed to import the vouchers by following
the steps shown above.

Q7: Create a company Acer Pvt Ltd(Om Jain)In Tally ERP and pass the
following entries in the appropriate vouchers. Also, explain the steps involved
in Bill of materials.

● Create a company Acer Pvt Ltd(Om Jain)

● Started business with cash Rs. 20,00,000.

● Deposited Rs. 20,00,000 in bank.

● Create the following stock groups-

o Peripherals
o PC
● Create the following godowns-
o Peripherals-rohini
o PC(finished goods)-pitampura
● Create the following stock items-(F12 – Enable BOM=Yes)

Name of the item Group Set Bom Units of

40
 measure
Processor (P4) Peripherals no U

RAM 2GB Peripherals no U

RAM 4 GB Peripherals no U
Monitor Peripherals no U
Motherboard Peripherals no U
Hard Disk 32GB Peripherals no U
Hard Disk 64GB Peripherals no U
Mouse Peripherals no U
Keyboard Peripherals no U
Computer 1 PC yes U
Computer 2 PC yes U

● Set Bom for Computer 1-

For 1 unit of Standard Computer 1, following is the bom-

Name of the Peripheral Quantity

Processor (P4) 1u
RAM 2GB 1u
Monitor 1u
Motherboard 1u
Hard Disk 32G 1u
Mouse 1u
Keyboard 1u

● Set Bom for Computer 2-

For 1 unit of Standard Computer 2, following is the bom-

Name of the Peripheral Quantity

Processor (P4) 1u
RAM 4 GB 1u
Monitor 1u
Motherboard 1u
Hard Disk 64 GB 1u
Mouse 1u
Keyboard 1u

● The company purchased the following peripherals by making payment through cheque-
Name of the Peripheral Quantity Price for 1 u
Processor (P4) 20 4000

41
 Monitor 20 5000
Motherboard 20 6000
Hard Disk 32 GB 20 4000
Hard Disk64 GB 20 6000
Mouse 20 200
Keyboard 20 500
RAM 2GB 20 1000
RAM 4 GB 20 1500

● The company assembled (manufacturing) 10 Computers of type 1 and 10 computers of

type 2 using the peripherals listed in the table and stored the same in the finished goods
godown.
Wages of Rs.30,000 and Overheads (including power) of Rs. 2000 (Overheads are
arrived at Rs.100 per computer) where incurred.

● The company sold 5 computers of type 1 and 5 computers of type 2 to Shalini Enterprises
at 10% profit.

SOL:
STEP 1: Creating Bill of Materials
Gateway of Tally F11: Inventory Features
o Maintain Multiple Godown : Yes
o Use Cost Tracking for stock items : Yes

42
 b
Inventory Info:
Stock Group--- create:
o Peripherals
o PC

43
Godown--- Create:
o Peripherals-Rohini
o PC(finished goods)-Pitampura

44
Stock Item Creation:

45
CREATING MANUFACTURING JOURNAL VOUCHER TYPE
Accounts Info Voucher Type Create
Name: Manufacturing Journal
Type of Voucher: Stock Journal
Use as Manufacturing Journal: Yes

TRANSACTION FOR PURCHASING COMPUTER COMPONENTS IN

PERIPHERALS GODOWN

Creating Expenses Ledger:

● Wages ( Direct Expenses)

● Overheads ( Indirect Expenses)

TRANSACTION FOR MANUFACTURING FINISHED GOODS

Inventory Voucher [Alt + F7 (Stock Journal)]: Select Voucher Type:
Manufacturing
Journal

46
NOW THE PRODUCTS MANUFACTURES ARE SOLD TO SHALINI
ENTERPRISES,
PASS THE ENTRY FOR THE SAME IN SALES VOUCHER:

47
48
Q8: Purchase and sales question with GST
Goods and Service Tax (GST)
Go to company Features (F11)→ Statutory & Taxation (F3)→

Activate "Enable Goods & Service Tax (GST)” and "Set/Alter GST details"

Fill in the following details given below:

49
State : Uttar Pradesh
Registration Type : Regular
GSTIN/UIN : 09BBTPR84978526
Applicable from : 1/4/ 2022

Create the following purchase and sales ledgers:

Accounts Info→ Ledger→ Create
Ledger Name Under Group Inventory Is GST Types of
values are Applicable Supply
affected
Purchase Purchase Yes Applicable Goods
Account
Sales Sales Account Yes Applicable Goods

Create the following GST Ledgers:

Accounts Info→ Ledger→ Create
Ledger Name Under Group Type of Duties & Type of Tax
Taxes
CGST Duties & Taxes GST Central Tax
SGST Duties & Taxes GST State Tax
IGST Duties & Taxes GST Integrated Tax

Create the following party ledgers:

Accounts Info→ Ledger→ Create

50
 Ledger Under Bill State Set/Alter GST Details
Name Group wise GST
detail Details
Registration GST/ Party
Type UIN Type
Singhal Sundry Yes Uttar Yes Regular 09GB Not
Traders Creditors Prade TPR8 Appli
sh 597B1 cable
Z5
Hindustan Sundry Yes Delhi Yes Regular 07AA Not
Pvt. Ltd. Creditors AGM Appli
0289C cable
1ZL
Manish Sundry Yes Uttar Yes Regular 09UI Not
Mobile Debtors Prade OPL8 Appli
Gallery sh 526A cable
6Z6

Stock Group Creation

(Go to F12-Configuration → 1. Show all GST tax Types – Yes

Inventory Info → Stock group→ Alter

Name : Mobile
Under : Primary
Should quantities of Items be added : Yes

51
Set/Alter GST Details : Yes
Description : Mobile
Taxability : Taxable
Integrated Tax : 18%
Central Tax : 9%
State Tax : 9%

If you have given GST details under stock group then you don't need to put the GST Details
in stock Item.

52
Purchase Registered Person:
Note: If the registered person goods purchase in other state (inter-state purchase) than IGST
is to be applicable and goods purchase in local state (Intro State purchase) then CGST and
SGST are applicable.
1. Purchased 10 Pcs. OPPO F19@ Rs. 19900, 10 Pcs VIVO Y30 @ Rs.12200, 10 Pcs. Redmi
Note 9 Pro@ Rs.12950 from Hindustan Pvt. Ltd.(Delhi) GST is also adjusted (IGST) [Bill
No. BL/HPL/1 Dt. 1/4/2022]
2. Purchased 5 Pcs OPPO F19 @ Rs. 19600, 5 Pcs VIVO Y30 @ Rs.12000, 5 Pcs Redmi
Note 9 Pro@ 12950 from Singhal Traders (UP) CGST & SGST is also adjusted. [Bill No,
8U/ST/1 Dt. 1/4/2022]
Sales Registered Person:
Press F12 (Configuration)→ Statutory Options: Allow entry of rate inclusive of tax for
stock item: Yes
3. Sold 10 Pcs OPPO F19 @ Rs. 24000 (MRP) incl. of Tax to Manish Mobile Gallery (UP)
CGST & SGST is also adjusted [Bill No. BL/MDS/O1 Dt. 1/4/2022]
Sales Unregistered Person or cash sales:
Note: If the value of cash sales or unregistered dealer sales exceeds Rs. 50000/- provide the
buyers name, address and state name.
4. Cash sales 2 Pcs VIVO Y30 @ Rs.15000 (MRP) incl. of Tax to Jasan Sen, (UP) CGST &
SGST is also adjusted. [Bill No. - BL/CSH/O1]
5. Cash Sales 3 Pcs Redmi Note 9 Pro@ Rs.15500 (MRP) incl. of Tax to Ajay (Delhi) &
IGST is adjusted. (Bill No. - BL/CSH/O2]

VOUCHER 1

53
VOUCHER 2

VOUCHER 3

54
VOUCHER 4

55
VOUCHER 5

DAY BOOK

56
Q9: Create a company Om Jain Pass the following entries in relevant vouchers.
Explain the steps involved in activating interest calculation feature of Tally ERP
9.

SOL:
Interest is a lawful return on money invested and chargeable in the business world on loans
and also on delayed payments. Interest can be calculated on the basis of Simple or Compound
Interest.
Tally allows you to obtain reports on interest calculated based on the instructions you furnish.
Interest figures are typically desired in the following situations:

● On Outstanding Balance amounts.

● Outstanding Bills /Invoices/Transactions (Receivables and Payables)

● Enabling Interest Calculation

● F11- ACCOUNTING FEATURES

57
Creating Ledgers

1. ABIR Pvt. Ltd. (Sundry Debtors)

Maintain balance bill by bill 🡪 Yes

Activate interest Calculation 🡪 Yes

58
2. Sales (Sales A/c)

3. Interest Receivable (Indirect Income)

4. SURAJ. Ltd. (Sundry Debtors)

Maintain balance bill by bill 🡪 Yes

Activate interest Calculation 🡪 Yes

CREATING VOUCHER CLASS FOR INTEREST RECEIVABLE

Account info 🡪 Voucher types 🡪 Alter 🡪 Debit note

Type Name of Class 🡪 Simple Interest 🡪
Use class for interesting accounting 🡪 Yes. 🡪Accept

59
Account info Voucher types Alter Debit note
Type Name of Class 🡪 Simple Interest 🡪
Use class for interesting accounting 🡪 Yes.
Amounts to be treated as Compound Interest yes Accept

60
TRANSACTIONS FOR SALES AND INTEREST CALCULATION

61
Sales Voucher (F8)
F12 🡪 Use defaults for bill allocations: No

Now , record the Sales Entries

62
Receipt Voucher Transaction
Receipt Voucher (F6)
F12: Pre Allocate bills for Payment/Receipt/ Journal Voucher: Yes

63
Now , record the Receipt Voucher Entries

64
Generating Interest Receivable Report
D.S.I (Display 🡪 Statements of Accounts 🡪 Interest Calculations 🡪 Interest
Receivable

Issuing Debit Note to Customers for Interest Receivable

Accounting Voucher 🡪 Ctrl+ F9 🡪 Select Voucher Class (Simple Interest)

Record the given Entry:

(1) Abir Pvt Ltd. A/c Dr………………………………………….323
To Interest Receivable a/c……………………………………323
(2) Suraj Ltd. A/c Dr………………………………………1963
To Interest Receivable a/c…………………………………1963

RECEIVING INTEREST AMOUNT

65
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
++++++++++++++++

66
Q10: Create a company SHRISTI in Tally ERP 9. After creating the company,
take its backup. After taking the backup, delete it and restore it again using the
backup and restore features of Tally ERP 9.
67
SOL:
CREATION OF COMPANY
Step 1 :
Under Gateway of Tally, press Alt+F3 to go to Company Info

Step 2 :
Under Company Info go to Create Company

68
Step 3 :
Now create the Company with the alternate name you want it to nam

69
BACKUP OF A COMPANY
1. 1.Gateway of Tally Alt + F3 (Company Info) Backup

2. In the Backup Companies on Disk screen, by default the cursor is at the Name of
Company. Press Backspace to change the Source or the Destination.

Source: It is the source folder that contains data for which backup has to be taken, by
default it is the Data folder of Tally.ERP 9 (Eg. C:\Users\Public\Tally.ERP9\Data)

Destination: It is either a folder or an external device (Pen Drive, Portable Hard

Disk, etc.,) connected to the same or another computer where the data backup has to
be stored. (Eg. D:\Backup\Dec2018)
3. Select the companies for which backups have to be taken from the List of
Companies. To stop selecting the companies, select End of List.

70
 1

4. Press Y or Enter button to confirm at ‘Accept? Yes or No’ to continue taking the
backup

The Backing up Companies screen is displayed with the name of the company being
backed up and the percentage of the backup process completed.

The backup file is stored as Mention Details Here………………………………….

DELETING A COMPANY

71
Step 1: Turn on Tally.ERP 9 accounting cum inventory software on your computer or laptop.

Step 2: Select any company which you want to delete from Company Info. window.
(Company Info > Select Company)

Step 3: Again open “Company Info.” window by clicking on “Cmp Info” option from button
bar placed at right side of Gateway of Tally. You can also press Alt+F3 to quickly open the
“Company Info.” box.

Step 4: Select “Alter” option in “Company Info.” window. It will show you active company
name with code number in List of companies box. Again press Enter key to open company
alteration window.

72
Step 5: Press Alt+D to delete the active company from Tally.ERP 9. Press Y to delete the
company. It will again ask for final confirmation to delete the company “Are you sure? Yes
or No”. You have to again press Y to delete the active company.

RESTORING A COMPANY
1. Go to Gateway of Tally > F3: Cmp Info > Restore to view the Restore Companies
screen.
2. Destination - The folder path where your company data is to be restored. Do not restore
backup data in the folder where your company data exists, since it may overwrite the existing
data.
3. Source - The folder path where the backup file is stored. You can restore data stored
locally on your computer, on any external storage device, or on a storage space on the
network.
4. Select the required companies from the List of Companies. Select all items to restore data
of all companies.

73
5. Press Y or Enter button to confirm at ‘Accept? Yes or No’ to continue restoring the
company.

74