Professional Documents
Culture Documents
Fundamental of Accounting and Tally Prime Note1
Fundamental of Accounting and Tally Prime Note1
TALLY SYLLABUS
S.No Particulars Page. No
1 Fundamental of Accounting 1
3 Features of Company 4
4 How to Create list of ledger 5
6 Assignments 12
1
HI – TECH INSTITUTE OF TECHNOLOGY
Fundamental of Accounting
Definition of Accounting
Types of Accounts
Personal Account
Real Account
Nominal Account
2
HI – TECH INSTITUTE OF TECHNOLOGY
1. Personal Accounts
2. Real Accounts
3. Nominal Account
COMPANY :
3
HI – TECH INSTITUTE OF TECHNOLOGY
Create a Company
4
HI – TECH INSTITUTE OF TECHNOLOGY
Accounting
Maintain Account : Yes
Enable bill wise entry : No
Inventory : No
Enable Goods and Service Tax (GST) : No
TDS : No
Accept
Shut Company
Alter Company
Delete Company
5
HI – TECH INSTITUTE OF TECHNOLOGY
LEDGER :
A ledger is the actual account head to identify your
transactions and are used in all accounting vouchers.
Creating Ledger
1. Cash
2. Profit and Loss A/c
Check the default ledgers Gateway of Tally>Charts of
Accounts>Ledgers
6
HI – TECH INSTITUTE OF TECHNOLOGY
8
HI – TECH INSTITUTE OF TECHNOLOGY
Vouchers :
vouchers are documents containing all the
information of financial transactions and provide an
easy way to enter and modify entries in the books of
accounts.
F4: Contra : Cash deposited into bank and cash withdrawn from
bank entries.
F5: Payment : Cash and cheque payment including cash and bank
purchase entries.
F6: Receipt : Cash and cheque received including cash and bank
sales entries.
F7: Journal : All non-cash transactions entries.
9
HI – TECH INSTITUTE OF TECHNOLOGY
(Payment.F5)
11. Commission received Rs 5000 (Receipt. F6)
12. Electricity bill paid Rs 1000 (Payment.F5)
13. Purchased goods on credit from Sona Enterprise Rs 14000
( Purchase. F9)
10
HI – TECH INSTITUTE OF TECHNOLOGY
(Receipt.F6)
(Contra.F4)
(Payment.F5)
(Payment.F5)
(Purchase. F9)
(Payment.F5)
12
HI – TECH INSTITUTE OF TECHNOLOGY
(Sales. F8)
(Purchase. F9)
(Receipt.F6)
(Payment.F5)
13
HI – TECH INSTITUTE OF TECHNOLOGY
(Receipt. F6)
(Payment.F5)
(Purchase. F9)
14
HI – TECH INSTITUTE OF TECHNOLOGY
15
HI – TECH INSTITUTE OF TECHNOLOGY
(Payment.F5)
(Contra.F4)
(Receipt.F6)
(Payment.F5)
16
HI – TECH INSTITUTE OF TECHNOLOGY
(Journal.F7)
(Payment.F5)
(Contra.F4)
(Receipt.F6)
17
HI – TECH INSTITUTE OF TECHNOLOGY
(Payment.F5)
18
HI – TECH INSTITUTE OF TECHNOLOGY
1. SIMPLE PROBLEM
Problem No: 1
19
HI – TECH INSTITUTE OF TECHNOLOGY
Problem No: 1
20
HI – TECH INSTITUTE OF TECHNOLOGY
2. SIMPLE PROBLEM
21
HI – TECH INSTITUTE OF TECHNOLOGY
3. PARTNERSHIP PROBLEM
1. Mr. Arun, Mr. Varun & Mr. Tarun started a business with Cash Rs 2,00,000,
Rs 3,00,000 &Rs 4,00,000.
2. Open a Bank account in HDFC Bank Rs 50,000.
3. Purchase goods from Ravi & Company Rs 1,00,000.
4. Cash deposited in to Bank Rs 3,00,000
5. Cheque paid to Ravi & Company Rs 95,000.
6. Goods Purchase Rs 30,000 by cash.
7. Goods purchase Rs 50,000 by cheque.
8. Sold goods to Akshya & Company Rs 5,00,000.
9. Wages paid by cheque Rs 10,000.
10.Cheque received from Akshya & company Rs 4,90,000.
11.Advance salary paid by ChequeRs 5,000.
12.Adjusted Discount of Ravi & Company And Akshya & Company.
13.Carriage paid Rs 5,000.
14.Building purchase Rs 5,00,000 from Rohan
15.Interest received Rs 20,000.
16.Purchase Machinery Rs 2,00,000.
17.Depreciation on Building at 12%.
18.Sold goods Rs 1,00,000& receive a DD.
19.Salary paid Rs 20,000 include Advance salary.
20.Advertisement expenses paid Rs 2,500.
Problem No: 3
22
HI – TECH INSTITUTE OF TECHNOLOGY
4.PARTNERSHIP PROBLEM
1. Mr. Prakash, Mr. Pavan , Mr. Pradeep Started a Partnership business with
following Capital of 1,00,000 , 1,00,000 , 50,000.
2. Purchased goods on credit from Mr. Shastri Treding Company 50,000
3. Octori paid 1000
4. Wages due 3000
5. Furniture purchased for cash 10,000
6. Sold goods for cash 60,000
7. Return goods to Mr. ShastriTreding 5000
8. Opened a bank account in SBI with 50,000
9. Bought Machinery 15,000
10.Sold goods on credit to Mr. Shravan Traders 1,00,000
11.Carriage paid 2000
12.Cash withdrawn by partner for Domestic use
Prakash Drawing 10,000
Pavan Drawing 30,000
Pradeep Drawing 5000
13.Purchase goods on credit from Mr. Prahlad enterprises 50,000
14.Rent paid 1500
15.Discount paid 1000
16.Commission received 3000
17.Cash sales 50 ,000
18.Computer purchased 50,000
19.Paid for Advertisement 3500
20.Cash introduced by Partner as Additional Capital Pavan 50,000 & Pradeep
1,00,000
21.Return goods to Mr. Prahlad Enterprises 2000
22.Machinery sold for cash 3500,
23.Salary paid 3000
24.Telephone bill paid 2000
25.Cash sales 2,00,000
26.Allow interest on Capital @ 10% but not an additional Capital
27.Charge Interest on Drawings @ 5%.
28.Provide Depreciation on Furniture @ 10%.
29.Create Dividend Equalization Reserve 5000.
23
HI – TECH INSTITUTE OF TECHNOLOGY
Problem No: 4
24
HI – TECH INSTITUTE OF TECHNOLOGY
Problem NO : 5
26
HI – TECH INSTITUTE OF TECHNOLOGY
27
HI – TECH INSTITUTE OF TECHNOLOGY
No : 6
28
HI – TECH INSTITUTE OF TECHNOLOGY
29
HI – TECH INSTITUTE OF TECHNOLOGY
8. INVENTORY PROBLEM
1. Mr. Santosh started a business with capital of Rs 5000000
2. Purchase furniture 50000
3. Purchase following electronic goods for cash
10 Sony TV @ 10000 each
15 Sony Audio @ 5000 each
05 BPL TV @ 20000 each
10 BPL Camera @ 5000 each
15 Onida Audio @ 7000 each
4. Machinery purchase 60000
5. Wages paid 1000
6. Rent due 2000
7. Sold goods following electronics goods for cash
2 Sony TV @ 15000 each
3 BPL TV @ 25000 each
2 Onida audio @ 8000 each
8. Salary paid 5000
9. Advertisement paid 6000
10. Sold 2 BPL Camera @ 7000 each to Natraj on credit
11. Telephone bill paid 2000
12. Loan taken from Pavaki Finance 800000
13. Purchase following electronic goods on credit from Ganesh enterprises
10 Videocon TV @ 10000 each
15 Videocon VCR @ 5000 each
10 Samsung washing Machine @ 6000 each
14. Withdrawn cash for personal use 1000
30
HI – TECH INSTITUTE OF TECHNOLOGY
Problem No : 8
31
HI – TECH INSTITUTE OF TECHNOLOGY
9. INVENTORY PROBLEM
1. The following Partners Started a Business with the following Capital
Shahabaz Capital 5000000
Mallik Capital 10000000
Kareem Capital 5000000
2. Purchased following CARS for Cash
5 Tata-Magna @ 400000
4 Astra- Corsa @ 300000
6 Ford-Ikon GT @ 450000
3 Alfa-Spider @ 500000
6 Tata-Aria @ 300000
8 Maruti-Wagona @ 200000
3. Wages due 1000
4. Purchase Furniture 20000
5. Sold following CARS On credit to following Debtors,
2 Tata-Magna @ 450000 Sharma
1 Astra-Corsa @ 350000 Varma Maruti –Wagona @ 250000 Gupta
6. Purchase NSE Bond for 50000
7. Rent Paid 3000
8. Salary due 4000
9. Purchased following CARS On Credit from following Creditor
2 Suzaki-C2 @ 250000 from TVS
2 Tata –Euro Sport @ 500000 from Telco
3 Maruti-Udayog @ 400000 From Toyoto
10. Advertisement paid 10000
11. CAR Maintain Exp 3000
32
HI – TECH INSTITUTE OF TECHNOLOGY
33
HI – TECH INSTITUTE OF TECHNOLOGY
Problem No: 9
34
HI – TECH INSTITUTE OF TECHNOLOGY
Problem NO: 10
36
HI – TECH INSTITUTE OF TECHNOLOGY
38