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Accounts 10 Chap PDF

- A group in Tally is a collection of ledgers of the same nature, such as assets, liabilities, income, and expenses. - Common voucher types in Tally include purchase, sales, payment, receipt, and contra vouchers. - Tally has two predefined ledgers - Cash and Profit & Loss A/c. - Transactions in Tally are recorded through voucher entries.

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Kamaleshwari Sekar
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80 views8 pages

Accounts 10 Chap PDF

- A group in Tally is a collection of ledgers of the same nature, such as assets, liabilities, income, and expenses. - Common voucher types in Tally include purchase, sales, payment, receipt, and contra vouchers. - Tally has two predefined ledgers - Cash and Profit & Loss A/c. - Transactions in Tally are recorded through voucher entries.

Uploaded by

Kamaleshwari Sekar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Question 5.

What is a group in Tally.ERP9?


Answer:
In Tally, a Group is a collection of ledgers
of the same nature. There are predefined
groups of accounts which are widely used
in accounts of many organizations. These
predefined groups comply with the basic
accounting principles of classifying
various account heads into Assets,
Liabilities, Income, and Expenses.
Question 1.
Write a brief note on accounting
vouchers?
Answer:
Following are some of the major
accounting vouchers in an organization:

1. Receipt Voucher
2. Payment Voucher
3. Contra Voucher
4. Purchase Voucher
5. Sales Voucher
6. Journal Voucher
Question 2.
What are the predefined ledgers available
in Tally.ERP9?
Answer:
In Tally, to record transactions, the
transactions are to be identified with the
related ledger accounts. Tally has two
predefined legers, Cash and Profit & Loss
A/c.

Question 3.
Mention the commonly used voucher
types in Tally.ERP9?
Answer:
Voucher is a document which contain■
details of a transaction. Transactions are
related ledger accounts. Tally has two
predefined legers, Cash and Profit & Loss
A/c.

Question 3.
Mention the commonly used voucher
types in Tally.ERP9?
Answer:
Voucher i's a document which contains
details of a transaction. Transactions are
to be recorded through voucher entries.
Tally has a set of predefined vouchers
such as purchase, sales, payment, receipt
and contra. To view the list of voucher
type Gateway of Tally> Masters>
Accounts Info > Voucher Types > Display
As per the requirement of users, an
additional voucher type can be created.
Question 4.
Explain how to view the profit and loss
statement in Tally.ERP9?
Answer:
To view profit and loss accounts in Tally
ERP9.
F1 O: A/c Reports> Profit and Loss A/c >
Alt Fl (detailed)
or
Gateway of Tally> Reports> Profit and
Loss A/c > Alt Fl (detailed)

Question 5.
Explain any five applications of the
computerized accounting system (CAS).
Answer:
The applications of CAS are as follows

(1) Starting Tally:


Tally can be started in either of the wa■
given below:
(1) Starting Tally:
Tally can be started in either of the ways
given below:
Click on Start> All programs > Tally.ERP 9
> Tally.ERP 9 icon
(Or)
Click Tally.ERP. 9 icon (shortcut) on the
desktop

(2) Creation of a company:


It is essential to enter the particulars of
the company for which accounts are to be
maintained in Tally. In order to create a
company, the following steps are to be
followed:
Company lnfo>Create Company

(3) Gateway of Tally:


After creation of a company and whe.
Tally is started a screen Gateway of Tally
appears. It shows the company selected
under List of Selected Companies on the
left pane.

Gateway of Tally is shown on the right


pane which contains menu options such
as Transactions and Reports. The shortcut
key for each menu option is a letter from
the option's name, which will be
highlighted in red.

Vertical button bar is placed on the


extreme right of screen which contains
buttons such as F1 and F2 for quick
interaction with Tally.ERP 9.

Bottom horizontal information panel


displays details of product, version,
licence, configuration and calculator.

(4) Closing Tally ■


The following are the two ways for closing
(4) Closing Tally
The following are the two ways for closing
Tally:
Press Esc Key > Press Enter or Y or Click
on yes
(or)
Press Ctrl + Q

(5) Select a company


If multiple companies are created, to
choose a particular company, after
opening Tally, click F1 (Select Cmp) on the
vertical button bar. Tally.ERP 9 displays
the Select Company screen, with a list of
companies that are already created .
Select the company for which accounting
has to be done.

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