IV Sem(Excel & Tally) Bcom CA 2023

TALLY
6. Record the following vouchers in Tally and generate Balance sheet.
July 1 2020 Ram commenced business with cash
10,000
July 30 2020 Paid to bank, 8000
August 1 2020 Bought goods for cash 500
August 1 2020 Bought Office furniture 400
August 1 2020 Drew from bank for office 1000
August 30 2020 Goods sold to Shyam 2600
August 30 2020 Bought goods from Kishan 410
Sep 1 2020 Trade expenses paid 100
Sep 1 2020 Received cash from Shyam 600
Sep 30 2020 Wages paid 50
Oct 1 2020 Kishan paid off in full settlement of
his account 410
Oct 1 2020 Rent paid 100
Oct 30 2020 Interest due on capital 500
Following steps are to be followed to enter the transactions in Tally.ERP9

1. To create company
Gate way of tally>Company Info > Create Company
Type the Name as Ram and keep all other fields as they are and choose ‘Yes’ to
accept.

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2. To maintain accounts only

Gateway of Tally > F11 Accounting Features > General > Maintain accounts
only: Yes> Accept Yes

3. To create ledger accounts

Gateway of Tally > Masters > Accounts Info > Ledgers > Single Ledger > Create

Slno Name Under(Groups)

1. Ram Capital A/C Capital Account

2. SBI Bank A/C Bank Accounts

3. Purchase A/C Purchase Account

4. Furniture A/C Fixed Asset

5. Shyam Debtor A/C Sundry Debtor

6. Sales Account Sales Account

7. Kishan Creditor A/C Sundry Creditor

8. Trading A/C Indirect Expenses

9. Wages A/C Direct Expenses

10. Rent A/C Indirect Expenses

11. Interest On Capital A/C Indirect Expenses

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To create Ram’s Capital A/c

Name: Ram’s Capital A/c

To create State Bank of India A/c

Name: State Bank of India A/c
Under: Bank Accounts
Accept: Yes

To create Purchases A/c

Name: Purchases A/c
Under: Purchase Account
Accept: Yes

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To create Furniture A/c

Name: Furniture A/c
Under: Fixed Assets
Accept: Yes

To create Shyam A/c

Name: Shyam A/c
Under: Sundry Debtors
Accept: Yes

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To create Sales A/c

Name: Sales A/c
Under: Sales Accounts
Accept: Yes

To create Kishan A/c

Name: Kishan A/c
Under: Sundry Creditors
Accept: Yes

To create Trading A/c

Name: Trading A/c
Under: Indirect Expenses
Accept: Yes

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To create Wages A/c

Name: Wages A/c
Under: Direct Expenses
Accept: Yes

To create Rent A/c

Name: Rent A/c
Under: Indirect Expenses
Accept: Yes

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To create Interest on capital A/c

Name: Interest on capital A/c
Under: Indirect Expenses
Accept: Yes

Display: Gateway of tally>accounts info>ledger>display

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4. To enter transactions through vouchers

Gateway of Tally > Transactions > Accounting Vouchers
(1) Ram commenced business with cash 10,000
F6: Receipt voucher
Account: Cash (Dr)
Particulars: Ram’s Capital A/c (Choose from List of Ledger Accounts) (Cr)
Amount: ₹10,000
Narration: Capital introduced
Accept: Yes.

1. Paid to bank ₹8000

F4: Contra voucher
Account: State Bank of India (Dr)
Particulars: Cash (Cr)
Amount: ₹8,000
Narration: Being deposit in bank
Accept: Yes

2. Bought goods for cash ₹500

F9: Purchase voucher
Account: cash (Dr)
Particulars: Purchase (Cr)
Amount: ₹500
Narration: Being purchase of goods on cash
Accept: Yes

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(4) Bought Office furniture ₹400

F9: Purchase voucher
Account: Cash (Cr)
Particulars: purchase A/c
Amount: ₹400
Narration: Being purchase of Furniture on cash
Accept: Yes

(5) Drew from bank for office ₹1000 F4: Contra voucher
Account: Cash (Dr)
Particulars: Bank A/c (Cr)
Amount: ₹1,000
Narration: Being Cash withdrawal from bank
Accept: Yes

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(6) Goods sold to Shyam ₹2600

F8: Sales voucher
Party A/c name: Shyam A/c (Dr)
Particulars: Sales A/c (Cr)
Amount: ₹ 2600
Narration: Being goods sold on credit to Shyam
Accept: Yes

(7) Bought goods from Kishan ₹410

F9: Purchase voucher
Account: Purchase (Dr)
Particulars: Kishan A/c (Cr)
Amount: ₹410
Narration: Being goods purchased on cash
Accept: Yes

(8) Trade expenses paid ₹100

F5: Payment voucher
Account: cash (Dr)
Particulars: Trading A/c (Cr)
Amount: ₹100
Narration: Trading expenses
Accept: Yes

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(9) Received cash from Shyam ₹600 F6: Receipt voucher

Account: Cash (Dr)
Particulars: Shyam A/c (Cr)
Amount: ₹600
Narration: Receipt of cash
Accept: Yes

(10) Wages paid ₹50

F5: Payment voucher
Account: cash (Dr)
Particulars: Wages A/c
Amount: ₹50
Narration: Wages paid
Accept: Yes

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(11) Kishan paid off in full settlement of his account ₹410

F5: Payment voucher
Account: Cash A/c (Dr)
Particulars: Kishan A/c (Cr)
Amount: ₹410
Narration: Being settlement of bill
Accept: Yes

(12) Rent paid ₹100

F5: Payment voucher
Account: cash (Dr)
Particulars: Rent A/c (Cr)
Amount: ₹100
Narration: Being payment of rent
Accept: Yes

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(13) Interest due on capital 500 F7: Journal voucher

Account: Interest on Capital A/c (Dr)
Particulars: Capital A/c (Cr)
Amount: ₹500
Narration: Being interest due on capital
Accept: Yes

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5. Display : Balance Sheet

Gateway of Tally>reports>balance sheet

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7. Record the following transactions for Ram Home Needs for the year
2014-15
Jun 1 Ramu commenced business with cash Rs.20000

Jun2 He bought goods for cash. Rs. 10000

Jul 31 Bought furniture Rs. 2000

Aug 1 Deposited into bank Rs. 5000

Sep 1 Sold goods in cash Rs. 18000

Oct 31 Withdrawn cash for personal use Rs.500

Nov 1 Paid commission Rs.200

Dec 1 Paid rent Rs.200

Dec 31 Paid salaries Rs.200

Export the balance sheet into excel worksheet.

1. To create company
Gate way of tally>Company Info > Create Company
Type the Name as Ram and keep all other fields as they are and choose ‘Yes’ to
accept.

2. To maintain accounts only

Gateway of Tally > F11 Accounting Features > General > Maintain accounts
only: Yes> Accept Yes

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3. To create ledger accounts

Gateway of Tally > Masters > Accounts Info > Ledgers > Single Ledger > Create

SlNo Name of Ledger (Account) Under (Groups)

1. Ram capital A/c Capital Account
2. Purchase A/c Purchase Account
3. Canara Bank A/c Bank Accounts
4. Furniture A/c Fixed Asset
6. Sales A/c Sales Account
8. Commission A/c Indirect Expenses
9. Salaries A/c Indirect Expenses
10. Rent A/c Indirect Expenses

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4. To enter transactions through vouchers

Gateway of Tally -> Transactions -> Accounting Vouchers -> Accounting Voucher
Creation
Voucher
SlNo Particulars Debit Credit Group
Type
Cash A/c Capital A/C
1 20,000 Receipt
To Ram Capital A/c 20,000
Cash A/c Purchase Account
2 10000 Purchase
To Purchase A/c 10000
By Ram capital a/c Fixed Asset
3 2000 Journal
To Furniture a/c 2000
By Canara Bank A/c
Bank A/C
4 To Cash A/c 5,000 Contra
5,000
By Cash A/c To Sales Account
5 18000 Sales
Sales A/c 18000
By Cash A/c
6 To Canara Bank A/c 500 500 Contra Bank A/C

Cash A/c Indirect Expenses

7 200 200
Payment
To Commission Paid A/c
Cash A/c Indirect Expenses
8 200 Payment
To Rent paid A/c 200
cash A/c Indirect Expenses
9 200 Payment
To Salary A/c 200 Cash-in-hand

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5. Display balance sheet

Gate way of tally>reports>balance sheet

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6. Export balance sheet to excel spreadsheet

Gate way of tally>reports>balance sheet>E:Export.

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8. Journalize the following

On 1-7-2020 Mr. Naresh started business with cash Rs.50,000
Stock in hand:
Item Quantity Rate Per
Pen 3000 8
Pencil 2500 5
Eraser 1200 4
Sharpener 3000 2
Crayon 200 10
 On 1-7-2007 purchased 1500 Pens @Rs.8 each, 750 Pencils @Rs. 5 each,
1000 Eraser @Rs. 4 each from J.J.Stores.
 On 1-7-2007 sold 200 Pens @ Rs.10 each, 300 Pencils @Rs.6 Each, 400
Eraser @6 Rs. Each for cash.
 On 2-7-2007 sold 1100 Pens @Rs. 12 each, 400 Pencils @Rs.7 each, 500
eraser @ Rs.6.50 each for cash
 On 2-7-2007 opened an SB Account in Syndicate Bank by depositing Rs.
65000
 Display

SOLUTION

1. To create a company
Company info>create company
2. To maintain inventory accounts
Gate way of tally >F11 accounting features>integrate accounts and
inventory>yes>accept yes

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3. To create a Ledger Account

Gateway of tally >masters>Account info>Ledgers>Single Ledger>create

Sl no Name Under(groups)
1. Naresh capital Capital account
2. Purchase A/c Purchase A/c
3. Sales A/c Sales A/c
4. SBI Bank A/c Bank A/c

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4. To create Stock group

Gateway of tally > master>inventory info>stock groups>single stock
group>create

Name: stationary
Under: primary
Can quantities of item added: yes

5. To create unit of measure

Gateway of tally > master>inventory info>unit of measure>create

Type: simple
Symbol: no
Formal name: number
Number of decimal places: 0

6. To create Stock Item

Gateway of tally > master>inventory info>stock item>single stock
item>create

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(i)Name: Pen
Under: stationary
Units: no
Quantity: 3000
Rate per: 8

(ii)Name: Pencil
Under: Stationary
Units: no
Quantity: 2500
Rate per: 5

(iii) Name: Eraser

Under: Stationary
Units: no
Quantity: 1200
Rate per: 4

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(iv)Name: Sharpener
Under: Stationary
Units: no
Quantity: 3000
Rate per: 2

(v) Name: Crayon

Under: Stationary
Units: no
Quantity: 200
Rate per: 10

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Display: Gateway of tally > master>inventory info>stock item>single stock

item>display

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7. To create voucher
Gateway of tally > transactions > accounting vouchers

1. F6: Receipt Voucher

Account: cash
Particulars: Naresh capital A/c
Amount: 50000

2. F9: purchase voucher

A/c: cash
Particulars: Purchase A/c

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3. F8: Sales voucher

A/c: Cash
Particulars: Sales A/c

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4. F8: Sales voucher

A/c: Cash
Particulars: Sales A/c

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5. F4: Contra voucher

A/c: Cash
Particulars: SBI A/c

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8. Display
Gateway of Tally>Report>Balance sheet

9. Day book
Gateway of Tally>Display>Day Book.

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