ASSIGNMENT – 7

Ques.1 Explain in detail using appropriate screenshots about all the vouchers in Tally. Give
details of
 Various types of vouchers
 Voucher creation under single entry and double entry mode
 Short cut keys for creating vouchers
Ans.
1. Payment Voucher: Payment voucher in accounting vouchers in tally records all
business transactions related to Payment. Any payment made by the company through
cash, cheque, online payment or any other mode comes under this voucher type .

Double Entry

Single Entry
 2. Contra Voucher: In contra voucher, all the company’s transactions
include deposits or money withdrawal from its bank account. The entry
is made in this voucher if the amount is transferred from bank to bank or
cash to cash.

Single Entry

Double Entry
3. The Receipt voucher under accounting vouchers in tally records all
money transactions received by the company. The amount received
could be in the form of cash, cheque or online.

Double Entry

Single Entry
4. Journal Voucher: Tally’s inventory and accounting vouchers, users can use it as an
optional voucher in Tally to make sales and purchases. An accountant can also use it
to adjust or transfer stock from one warehouse to the other and for tax calculations
and tax adjustment entries.
Double Entry

5. Purchase Voucher: In this voucher, all the transaction related to company purchases is
recorded. The purchase can be made in cash or borrowed or in the form of goods and
services.
 6. Sales Voucher: It is one of the most used accounting vouchers in tally.
Accountants can create two different formats, such as invoice and
voucher in this type. Sales voucher records all sales transactions of the
company in credit or cash. In vouchers, one can store transactional
records electronically and print them for customers.

Shortcut Keys:
 Contra – F4
 Payment – F5
 Receipt – F6
 Journal – F7
 Sales – F8
 Purchase – F9
 Credit note – alt+F6
 Debit note – alt+F5
 ASSIGNMENT 8
JOURNAL ENTRIES
Q.1 Pass journal entries for the following transactions:

Transaction details Amount (Rs)

Started business with cash 5000
Purchased furniture in cash 500
Opened a Bank Account 1000
Goods Purchased in Cash 2000
Goods sold in Cash 1500
Goods purchased on credit from Roy 3000
Paid salaries 800
Paid rent by cheque 500
Goods sold on credit to Bose 1800
Cash paid to Roy 2500
Cash collected from Bose 1500
Cash deposited in Bank 1600
Cash withdrawn for Household Purposes 500
Cheque drawn for office purposes 1000

Ans.
Q.2 Pass the following journal entries in appropriate vouchers.

1. Business started with cash Rs. 20,00,000.

2. Cash deposited in SBI a/c Rs. 10,00,000.
3. Cash deposited in PNB a/c Rs. 5,00,000.
4. Furniture purchased payment made by SBI cheque Rs. 1,00,000.
5. Machinery purchased from Tarun Rs. 1,50,000.
6. Goods purchased from Harish Rs. 50,000.
7. Goods sold to Jai Rs. 2,00,000.
8. Goods returned to Harish Rs. 1,000.
9. Rs. 45,000 paid to Harish in full settlement of his account. (discount received =
4,000).
10. Goods returned by Jai Rs. 10,000.
11. Rs. 1,80,000 cheque (PNB a/c) received from Jai in full settlement. (discount allowed
= 10,000).
12. Goods purchased for cash Rs. 30,000.
13. Goods sold for Rs. 1,00,000. (SBI)
14. Goods sold to Naman Rs. 20,000.
15. Interest charged on Naman for late payment Rs. 1,000.
16. Cash received from Naman in full settlement Rs. 21,000.
17. Salary paid by PNB cheque Rs. 60,000.
18. Rent paid in cash Rs. 7,000.
19. Wages paid in cash Rs. 15,000.
20. Carriage inward paid in cash Rs. 6,000.
21. Carriage outward paid in cash 7,500.
22. Cash withdrawn from SBI Rs. 20,000.
23. Cash withdrawn for personal use Rs. 4,000.
24. Cash deposited in Union Bank Rs. 10,000.
25. Cash withdrawn from SBI for personal use Rs. 5,000.
26. Travelling expenses paid by SBI cheque Rs. 20,000.
27. Interest charged by SBI Rs. 2,000.
28. Depreciation on furniture Rs. 10,000.
29. Amount paid to Tarun in full settlement by SBI cheque Rs. 1,50,000.
30. Depreciation charged on machinery Rs. 25,000.
31. Loan taken from ICICI Bank deposited in SBI Rs. 1,00,000.
32. Interest charged by ICICI Rs. 10,000.
33. Loan paid back along with interest to ICICI Rs. 1,10,000 through SBI.
34. Loan given to Rajesh from SBI a/c Rs. 1,50,000.
35. Interest charged from Rajesh Rs. 15,000.
36. Loan paid back by Rajesh Rs. 1,65,000 deposited in SBI.
37. Furniture purchased and payment made by SBI cheque Rs. 50,000.
38. Commission received, Rs. 10,00,000. (SBI)
39. Brokerage received, Rs. 5,00,000. (PNB)
40. Cash deposited in PNB Rs. 1,00,000.
41. Goods withdrawn by proprietor for personal use Rs. 2,000.
42. Land and building purchased and payment made by PNB cheque Rs. 11,00,000.
43. Provision created for bad and doubtful debts Rs. 10,000.
44. Provision created for discount on debtors Rs. 5,000.
45. Loss of goods by theft Rs. 1,000.
46. Loss of goods by fire Rs. 500.
47. Investment made in Reliance Info COMM by SBI cheque Rs. 70,000.
48. Goods purchased from Aligarh Branch Rs. 10,000.
49. Goods sold to Mahanagar Branch Rs. 12,000.
50. Computer worth Rs. 25,000 and laptop worth Rs. 66,000 purchased and payment
made by SBI cheque.
 ASSIGNMENT 9

Q.1 Write down the necessary steps for Creation, Alteration, Deletion of Stock Groups, Stock
Items and Units of Measure in Tally.

Ans.
STOCK GROUP:

STEP 1: Go to create on gateway of tally.

STEP 2: Go to Stock Groups

UNIT:

Step 1: Go to unit in create

Stock Item
FOR ALTERATION OF STOCK GROUP, STOCK ITEM & UNIT
FOR DELETION OF STOCK GROUP, STOCK ITEM AND UNITS
STEP 1: Go to Chart of accounts and select accordingly and click on alt+d
 ASSIGNMENT 10

Q.1 Write down the necessary steps for Creation, Alteration, Deletion of Stock Categories
and Godown in Tally.

STEP 1: Go to create from Gateway Of Tally and go to Stock Category.

STEP 2: Go to Alter from Gateway of Tally and do the required alteration.

FOR DELETION: Go to Chart of accounts and select stock categories and click alt+d.
FOR GODOWN CREATION:
For Alteration of Godown

FOR DELETION OF GODOWN:

 ASSIGNMENT 11

Q1. Create Stock groups as given:

Stock group Under Items Addable (Yes/No)
Computers Primary Yes
Printers Primary Yes
Peripherals Primary Yes
Accessories Peripherals Yes

Q2. Create Stock categories as follows:

Name Under
National Primary
HCL Primary
IBM Primary
HP Primary
Samsung Primary

Ans:
Q3. Create following unit of measurement:
Type Symbol Formal Name No. of Decimal Places
Simple Nos Number of 0
Simple Box Boxes 0
Q4. Create following Stock Items as given:

STOCK COST(RS) On Warehouse TOTAL RETAIL

PARTICULARS site VALUE PRICE
Computers
HCL PIV 17500 1 4 Nos 87500 21,500
IBM PIV 17100 - 4 68400 24,785
Peripherals
Accessories
CD ROM DISKA 450 - 5 2250 500
100S
DUST COVERS 35 2 8 350 40
Components
USB PEN DRIVE 1250 - 10 12500 1600
16 GB
WIRELESS 490 10 15 12250 700
KEYBOARD
WIRELESS 250 10 10 5000 430
MOUSE
Printers
HP LASERJET 8200 0 7 57400 9500
1010SRIES
SAMSUNG 8100 0 5 40500 9850
LASERJET 1500
 ASSIGNMENT 12

CREATION OF INVENTORY VOUCHERS

Q.1 Explain in detail the creation and usage of Inventory Vouchers in Tally.

STEP1: First show inactive inventory vouchers

STEP 2: Double click on them and activate them.