Computerized Accounting Practical

EX.NO:1

COMPANY CREATION

QUERY:

Create a company by using tally in the name of ABC&co.

AIM:

To create a company using tally in the name of ABC&co.

ALGORITHM:

STEP1:To start with tally,select start programs Tally.

STEP2: To create a company the application for the creation of the company will appear at

Entering the tally.

STEP3: In the form type the mailing name and address of the company.

STEP4: In the next step fill up the strategy compliance of the state, telephone number.

STEP5: Enter the type in which account is prepared whether accounts only or accounts with

Inventory.

STEP6: After finishing all those, date for financial year must be stated.

STEP7: To maintain secret account tally use for tally vault password.

STEP8: After checking basic currency info like currency symbol, formal name& other

Account details to be specified.

STEP9: After giving all the details give yes to accept it or no to do the correction.

STEP10: Now the company is created.

RESULT: Thus the company ABC it has been created.

Department of Commerce BPS & CM

 Computerized Accounting Practical

EX.NO:2

LEDGER CREATION

QUERY:

Prepare necessary ledger accounts from the following details.

1) Business commenced with cash Rs.100000.

2) Purchase goods for cash Rs.25000.
3) Sold goods for cash Rs.50000.
4) Cash deposited into bank Rs.8000.
5) Bought furniture for cash Rs.7000.
6) Bought goods for credit from Ravi Rs.19000.
7) Sold goods on credit to Robert Rs.8000.
8) Paid salary by cash Rs. 5000.

AIM:

To create the appropriate ledger account for the company created.

ALGORITHM:

SINGLE LEDGER

STEP1: Open tally.

STEP2: Select “account information” from gateway of tally and select the “ledger”.

STEP3: Select, create from “single ledger”.

STEP4: A Seperate page will be appear for the ledger creation, give the necessary details.

STEP5:Select “display” option from the single ledger to display the ledger creation.

STEP6:Go back to the gateway of tally to do the necessary alteration in the ledger created.

Department of Commerce BPS & CM

 Computerized Accounting Practical

MULTIPLE LEDGERS

STEP7:Select, create ledger from the multiple to display “all the ledger account”.

TRIAL BALANCE

STEP8:Select the display option from the gateway of tally.

STEP9:Select “Trial balance” from the display menu, in order to display the trial balance

Of Ledger created.

RESULT:

Thus the company ledger has been created.

Department of Commerce BPS & CM

 Computerized Accounting Practical

EX.NO:3

FINAL ACCOUNTS

QUERY:

Preparation of final accounts.

Prepare final accounts of Mr Raju as on 31st March 2015.

Purchase 70000
Cash in hand 1000
Sales return 5000
Plant and machinery 50000
Opening stock 20000
Sundry debtors 60000
Discount allowed 2000
Cash at bank 7000
Bank charge 500
Capital 56000
Salary 4500
Sales 150000
Wages 5000
Purchase return 4000
Freight inwards 4000
Discount received 1000
Freight outward 1000
Sundry creditors 30000
Rent and taxes 5000
Advertising 6000
Adjustments:
1) Outstanding salary 5000
2) Prepaid rent 5000
3) Outstanding wages 5000
4) Closing stock 25000

AIM:

To create a final account for the company created.

ALGORITHM:

STEP1: Open tally by start program tally.

STEP2: Select “account info” from “gateway of tally” and select ledger.

Department of Commerce BPS & CM

 Computerized Accounting Practical

STEP3: Select “create” from multiple ledgers.

STEP4:Multiple ledger page opens enter the necessary details.

STEP5:Go back to the “gateway of tally” and select” accounting vouchers and click

Journal.

STEP6:Click alt+c, enter the adjustments.

STEP7:Accounting voucher for journal will opens, enter the details.

STEP8: Select display option from the “gateway of tally”.

STEP9: Select “trial balance” to display the trial balance of final accounts created.

STEP10:To view the trial balance in a detailed manner, click F1-Detailed.

RESULT:

Thus the final accounts have been created.

Department of Commerce BPS & CM

 Computerized Accounting Practical

EX.NO:4

CREATION OF STOCK MAINTENANCE

QUERY:

Creation of stock maintenance.

From the following information Prepare Stock summary with stock item, Stock
Category, Units of Measures and Multiple Godown
Quantity
Total Rate per
S.No Name of the Items Main Showroo
Quantity item
Location m
1 Onida color T.V 25 15 10 34500
2 Samsung color T.V 18 6 12 25000
3 Creative home theater 15 13 2 18500
4 Sony home theater 35 18 17 24550
5 Nokia Mobile 225 150 75 7500
6 Samsung Mobile 45 25 20 15500
7 Sony LCD 48 25 23 12500
8 Sharp LCD 78 45 33 14800
9 Indoor Light 135 85 50 450
10 Enter ado light 160 120 40 785

AIM:

To prepare entries for various groups and various location of companies.

ALGORITHM:

STEP1:To start with tally, select start programs tally.

STEP2:To create a company select”alt+F3” and enter all the details with “accounts with

Inventory”.

STEP3: Selectinventory info stock group create.

STEP4:Then enter the stock name under primary.

Department of Commerce BPS & CM

 Computerized Accounting Practical

STEP5:To create unit of measure, select inventory info unit of measure create, to

Givevarious types of units in stock item.

STEP6:Click F11-Inventory feature in that give “yes” to maintain multiple godowns and

Enter “yes” to accept it.

STEP7:Again in inventory info, select godowns create, type the various places of

Godowns.

STEP8:Then select stock item create, type the stock items and enter the details.

STEP9:In gateway of tally, select stock summary to view the details of stock.

RESULT:

Thus the stock summary of the various stock items is successfully created.

EX.NO:5

CASH LESS TRANSACTION

Department of Commerce BPS & CM

 Computerized Accounting Practical

QUERY:

Prepare bank account statements with creditors and debtors by passing and receiving.

Particulars Rs

Paid salary by cheque 6000

Received commission by cheque 700

Paid stationery by cheque 2000

Paid into bank by cheque 10000

Received cash from Mr.B 3000

Paid Mr. A by cheque 5000

Paid rent and taxes by cheque 1000

Received interest by cheque 5000

Received rent by cheque 1200

Paid for advertisement by cheque 800

AIM:

To prepare bank account statement with debtors and creditors by passing and
receiving cheques using cash less transaction.

ALGORITHM:

STEP1:To start with tally and create a company.

STEP2:Enter all the details with ‘accounts with inventory”.

STEP3: Go to the gateway of tally and create single ledger.

STEP4: Enter the necessary details in the ledger creation page and go to the “gateway of

Department of Commerce BPS & CM

 Computerized Accounting Practical

Tally” and open accounting vouchers.

STEP5: Go to the gateway of tally and click “display” trial balance and daybook. Click F1-

To View in detailed manner.

RESULT:

Thus the bank account statements have been prepared using cash less transaction.

EX.NO:6

EXPIRED GOODS

Department of Commerce BPS & CM

 Computerized Accounting Practical

QUERY:

Prepare the statement of expired dates for goods from the following details.

FMCG PRODUCTS:

Sl.N
Item Unit Rate
o
1 Chocolate 150 15
2 Biscuit 200 20
3 Mobile 200 20
4 Stationary 100 10

MEDICINES:

Sl.N
Item Unit Rate
o
1 Crocin 10 5
2 Dolo 650 50 12
3 Dart 70 20
4 Calpol 80 8

AIM:

To create expiry date for the FMCG products and medicines.

ALGORITHM:

STEP1: To start with tally, select start program tally.

STEP2: To create a company, select”alt+F3” Enter all the details with”accounts with

Inventory”.

STEP3: Select Inventory info stock group create.

STEP4:To create unit of measure, select Inventory info unit of measure create to

Give various types of unit in stock item.

Department of Commerce BPS & CM

 Computerized Accounting Practical

STEP5: To create godown, go to the inventory info select godown create, type the

Various places of godowns.

STEP6: To create stock item, select stock item create, press F11 and activate the

Following in inventory feature. Maintain stock category-yes.

Maintain batch wise-yes.

Set expiry for batches-yes.

STEP7: While creating stock item, maintain in batch?-yes, give the opening balance.

STEP8:Next, itwill move to another screen in that, give manufacturing date, below the

Opening date of company, expiry dateand accept.

STEP9: To view the effect of transaction, select display inventory books ageing

Analysis and view the result.

RESULT:

Thus the statement of goods expired has been created successfully.

EX.NO:7

BILL WISE STATEMENT

QUERY:

Department of Commerce BPS & CM

 Computerized Accounting Practical

Preparation of bill Wise statement for the following transactions in the books of X ltd for
the year ended 31.03.2016.

The following stock item as on 1st April 2016.

Sl.N
Item Unit Rate
o
1 Kidswear 750 1500
2 Menswear 250 700
3 Sarees 1000 500
4 Chudi 300 950

Credit purchase from Anjali collections.

Sl.N
Item Unit Rate
o
1 Kidswear 50 90
2 Chudi 250 1000

Credit sales made to Venkatesh.

Sl.N
Item Unit Rate
o
1 Saree 250 700
2 Chudi 400 1800

Credit purchase from Shree Devi textile.

Sl.N
Item Unit Rate
o
1 Saree 300 550
2 Menswear 100 1000
Credit sale made to Anand.

Sl.N
Item Unit Rate
o
1 Kidswear 300 950
2 Menswear 250 1200
\

Department of Commerce BPS & CM

 Computerized Accounting Practical

1. Credit period allowed for suppliers for 30 days.

2. Credit period allowed to customers for 30 days.
3. Payment to Anjali collection Rs 17500.
4. Payment to Shree Devi textile Rs 75000.
5. Cash received from venkateshRs 50000.
6. Cash received from AnandRs 98000.

The following expenses were incurred,

Sl.N
Expenses Rs
o
1 Rent 2500
2 Salaries 80000
3 Wages 50000

AIM:

To create a bill wise statement for the sundry debtors business dealings with sale set
of debtors.

ALGORITHM:

STEP1:To start with tally, select start program tally.

STEP2:To create a company select”alt+f3” and enter all thedetails with”accounts with

Inventory”.

STEP3: To create ledger, select accounts info ledger single ledger or multiple ledgers

Create.

STEP4:Post the ledger under the account without amount.

STEP5:By using display option create items and click “alter” option in single ledger and

Make necessary corrections.

STEP6:In the gateway of tally, click accounting vouchers. Post the same related accounts

Department of Commerce BPS & CM

 Computerized Accounting Practical

With amount.

STEP7:Complete all the voucher entry with the help of amount.

STEP8:Go to gateway of tally, click table bill wise statement or displaying.

RESULT:

Thus the bill wise statement is completed.

EX.NO:8

PAY ROLL STATEMENT

QUERY:

To determine the basis pay, DA, PF, Overtime of an employee.

Department of Commerce BPS & CM

 Computerized Accounting Practical

Sl.No Employee Department Basic DA HRA

1 Anbu Account 20000 5000 3000
2 Banu Finance 12500 2500 1000
3 Chittu Marketing 25000 6000 1500
4 Dittu HR 27500 7000 2500

ADDITIONAL INFORMATION:

1. All employees are eligible for PF Rs.1000& ESI Rs.500.

2. All employees are deducted with canteen expenses Rs.100.
3. All employees have done overtime and earned approximately Rs.2300.

AIM:

To determine the basic pay, DA, PF, OT of an employee.

ALGORITHM:
STEP1: To start with tally.
STEP2: Create a company with, “accounts with inventory”.
STEP3: start with gateway of Tally, click f11-features and fill details.
STEP4: In gateway of tally, click payroll info and enter details in units, employee
Group, employees, pay heads.
STEP5: Enter the additional info in pay heads.
STEP6: Enter the details of each employee in payroll voucher.
Step7: Go back to gateway of tally and click display payroll report statement
Of payroll pay sheet.

RESULT:

Thus the payroll statement of each employee is created successfully.

Department of Commerce BPS & CM