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Tally Prime
Tally Prime
Tally Prime
What is Tally?
Tally is multi-lingual Software with Accounting, Inventory and Taxation
Tally software founder Mr.Shyam sundar Goenka
Tally software Programme code creator Mr.Bharat Goenka
Programming Language used is Tally Definition Language (TDL)
Company Name is Tally Solutions Private Limited (TSPL), Bengaluru
Windows Based
WINDOWS 7, 8, 10, 11
PROCESSOR - 64 BIT OS
Download TallyPrime 2.1
To Alter company
Alt + K - ALTER - PH NO - ADDRESS GANDHIPURAM---> SAIBABA COLONY
ACCOUNTING CYCLE
1. JOURNAL ENTRIES
2. LEDGER
3. TRIAL BALANCE
4. TRADING ACCOUNTS
5. PROFIT AND LOSS ACCOUNTS
6. BALANCE SHEET
TallyPrime
1
Trading Accounts Format
Dr Cr
==================================================================================
Particulars Particulars
==================================================================================
Stock in hand:
Stock in hand(opening stock)
Sales Accounts
Cash Sales
Credit Sales
Sample Sales
(-)Sales Return
Purchase Accounts:
Cash purchase
Credit purchase
Sample Purchase
(-)Purchase Return
Direct Expenses:
Wages
Factory Rent
Factory Insurance
Marine Insurance
Packing Charges
Carriage inwards
Loading & unloading Expenses
Freight Charges
Gas, Fuel and Oil Expenses
Import Duty
Power Charges
Stock in hand:
Stock in Hand(Closing stock)
2
Profit and Loss a/c Format
Dr Cr
==================================================================================
Particulars Particulars
==================================================================================
Gross Loss Gross Profit
3
Sum1
Prepare the Trading and Profit&Loss Ac for the company M/S. ABINAYA ENTERPRISES in TallyPrime
FY – 1.4.2022
Books Beginning -1.4.2022
Questions
What is the Gross Profit / Loss?
What is the Net Profit / Loss?
What is the Total Value for Direct Expenses?
What is the Total value for Indirect Expenses?
What is the Total value for Indirect Incomes?
4
Balance Sheet
Financial Performance/Position/Status
Liabilities = Assets
Example
Liabilities Assets
==================================================================================
Particulars Particulars
==================================================================================
Capital Accounts:
Proprietorship Capital
Partnership Capital
Share capital
(-)Drawings
Bank O/D:
Bank overdraft ----------- Statement
Current Liabilities:
Wages payable
Factory Rent payable
Lorry Freight charges payable
Salary payable
Interest Due
Commission payable
Bonus payable
Incentive payable
Sundry Creditors
Any name of suppliers or sellers or Service Providers
Loans(Liablity)
Secured Loans
Loan from Bank
5
Loan from Private Finance
Loan on Mortgage
Unsecured Loans
Hand loan from Money Lenders, Friends, Family
Branch / Divisions
Head Office
Branch Office
Provisions
Provisions for Employer Provident Fund 12%
Provision for ESIC4%
Provisions for Income Tax20%
Assets:
Fixed Assets
Land and Building
Plant and Machinery
Computer and Printer
Airconditioners
Furniture’s and Fixtures
Office Equipment’s
Lab Equipment’s
Road
Bore well
Water Tank and Pipeline
Vehicles
Goodwill apple, samsung, Lg
Trademark logo
Copyrights Information, Main Theme
Current Assets
Stock in hand (closing stock)
Cash in hand
Cash
Bank Accounts
SBI
ICICI
6
Sundry Debtors
Any Name of Customers or Buyers or Service Receiver
Deposit(Assets):
Fixed Deposit
TNEB Deposit
Telephone Deposit
Tender Deposit
Security Deposit
Investments
Investment in Share , Bonds, Gold, Land
Investment in partnership firm
Investment in Government Security