TALL ERP 9 NOTES AND PRACTICE BOOK

1.       Write down features of Tally? OR what are features of Tally?

Ans. Tally is accounting software that is used to record day to day transactions, preparing balance sheet etc. it is user friendly business software, which makes business account easy and faster. Managing single and multiple groups is very important feature of tally. Tally is an application software. It down not require writing any special program for calculating. Tally stores all information about each account in detail. It is very secured against data tempering. It reduces the work. In manual process, after entering daily transaction user has to create trading account, trial balance, profit & loss account, ledger, balance sheet. But in Tally, user just enters daily entry and get balance sheet.

2.       List and explain basic types of accounts

.

Account is divided in following three types:

1.       Personal account

2.       Real account

3.       Nominal account

1.       Personal account: Any individual person or any firms or any company or a bank is considered in a personal account.

2.       Real account: Account of any physical things. The cash account or goods account are examples of real account.

3.       Nominal account:  Account of any invisible things that means that things are in terms of cash. For example: insurance account, rent account etc.

3.  Explain the opening screen of the tally.

Ans. When tally is opened in Windows environment, it shows different menus.

1.       The top bar contains the product message and version, system date and time.

2.       Then Tally opening screen is displays main three parts as follows.

                                                              i.      Gateway of tally

                                                            ii.      Functions buttons

                                                          iii.      Calculator (command area)

I.                    Gateway of Tally:

To the left hand side of the screen this part shows different options.

All these options are used to create ledger, group or to see trial balance or for balance sheet.

To the right hand side of the screen, this part shows the list of all companies and at the top it shows name of selected company.

Ctrl + M are the shortcut keys to activate gateway of Tally.

Function button:

This part of the screen shows the list of all function keys with its uses.

By selecting the buttons, user can activate that particular function like backup, change, etc.

Calculator (command area) :

This part of the screen is actual command area

In this area user can type command and execute them.

Ctrl + N are the shortcut keys to activate this area.

II.                  How to create a new company in Tally?

Ans.

1.       In tally, company means an organization whose accounts are to be maintained on computer.

2.       For that, user have to declare list of all accounts used in that company and then start to enter daily transactions.

3.       Creating company means enter detail information about the company.

4.       By default, tally software shows opening green with gateway of Tally, functions button and calculator.

5.       Then click on the function button F3 (Alt + F3) on the button panel to display company info menu. This show following menu:

Company info

Select company

Create company

Quit

This menu is used for selecting company or for creating a new company.

6.       To create a new company, select create company options by clicking this option or by pressing C.

7.       Then the screen display various fields to fill up information like name of company with its alias, address, currency, financial year, income tax number and sales tax number etc.

8.       At the end, it asks whether accept the data or not. If user selects Yes option then that company is created and it can be loaded from company info menu.

III.                Explain uses of the feature options (F11)?

Ans. Features is used to change the options related to the selected company only.

1.       For this F11 button in button panel is a short cut.

2.       Using this menu, feature of the company are changed that means enables or disables.

3.       Various features are available like whether company wants invoicing or not, whether company required multiple currencies or cheque printing or not, etc.

IV.                Explain the use of configuration of company (F12)?

Ans. To configure company, click on F12 button from the button panel. It shows the following screen in gateway of tally:

Configuration

General

Numeric symbol

Accts/inv.  Info

Voucher entry

Invoice/order entry

Printing

Quit

1.       Configuration changes may affect all the active companies.

2.       Configuration has different options like general, numeric symbols, accts/inv. Info, voucher entry, invoice, order entry, printing, etc.

3.       General options are used to change information like country detail, date format or graphs in monthly report, etc.

4.       Numeric symbol option is used to change format of the numbers.

5.       Accts/inv info option is used to check the default settings. In this option, if user sets allow alias for the name then only it asks the alias otherwise it doesn’t  ask any alias for the name.

6.       Voucher entry set the features of the vouchers, such as cost vouchers details, bill wise details, ledger current balance, etc.

7.       Invoice/order entry sets the features of the invoices and purchase, sales order entry.

8.       Printing options is used for printing Vouchers, Invoices, Financial Statements, etc.

9.       Quit option is used to quit from the configuration menu and go to the previous menu.

V.                  What is group in Tally?

Ans.

1. In tally, all accounts entries can be grouped or sub grouped according to the need of users.

2. Group means the type of the account. Functions of each group are fixed.

3. Tally provides facility to user to create own group. Also it provides 28 predefined groups.

4. Out of these 28 groups, 15 are primary groups and 13 are sub groups.

Following is the list of groups that affects the Balance sheet.

1. Capital account: Handle investments or owner’s account. It has a subgroup.

    (A) Reserves and surplus: All reserves accounts like general reserves, capital reserves etc.

2. Current assets: These assets are divided in 6 sub groups as follows

    (A) Bank accounts: Holds bank transactions that means current accounts, savings accounts, etc.

    (B) Cash in hand: All cash track in ledger.

    (C) Deposits (assets): Fixed deposits, security deposits made by company.

    (D) Loan and Advances (assets): If the company gives any loan or advanced to other.

    (E) Stock in hand: Keep records of opening or closing stock of the material.

    (F) Sundry debtors: This maintains the list of all companies or persons to whom company gives material on credit.

3. Current Liabilities: It keeps track of outstanding liabilities or statutory liabilities.

                    (A) Duties and Taxes: All taxes and duties that are paid by company like Trade duties, Excise, Local Sales Tax etc., are recorded under duties and taxes.

                    (B) Provisions: It maintains records of all financial arrangement for possible future requirements.

                    (C) Sundry Creditors: Company purchase material or any other things on credit. Then the list of all companies or persons is under sundry creditors to whom company purchased material.

4. Fixed Assets: Handle accounts of all assets like machinery, buildings, etc.

5. Investments: It keep records of overall investment like shares, Govt. securities, Deposits etc.

6. Loans(liability): It keeps an account of the loans taken by company and has following three subgroup:

                    (A) Bank OD accounts: Keep all overdraft accounts.

                    (B) secured loans: Keep track of loans taken by the company securities against the fixed assets.

                    (C) Unsecured Loans: Unconditional loan obtained from Partners/ Directors or other parties.

7. Suspense Account: This account is used to enter the transactions whose detai9ls are ye to tbe finalized.

8. Branch / Divisions: All the names of branches, divisions and subsidiaries of the company.

9. Miscellaneous Expenses: Under this group all expenses are entered.

Following group affect Manufacturing, Trading and Profit and loss accounts:

10.   Purchase account: It is used to maintain records of all purchase account.

11.   Sales account: It keeps record of all sales.

12.   Direct income: This group is used for entering all direct incomes like sales of goods.

13.   Indirect income: This group maintains the all incomes other than sales. That means it keeps record of all incomes like rent received, interest received etc.

14.   Direct expenses: This group is used for recording all direct expenses means the purchase of raw material, or wages of workers.

15.   Indirect expenses: This group is used to maintain the records of all expenses other than direct expense. All salary paid, rent paid, advertisement charges are under indirect expenses.

VI.                To create single and multiple groups

Ans.

1.       Group is the type of account. Group decides how transactions take place in accounting.

2.       Tally provides 28 predefined group. But if user wants to create any other group then use create group option.

3.       These new group is a sub group of existing group.

4.       If user wants to create a new subgroup under different groups then follow the following steps:

                    i.      From Gateway of Tally, select Account info.

                  ii.      Then select Group option, as user wants to create group.

                iii.      If user wants to create single group at a time then select create option from single group.

                 iv.      Now tally shows data entry screen for group as follows.

Group creation

Name (alias) Under: Group behaves like a sub – ledger ? No.

Name: Enter the name of a group that user want to create.

Under : Select the existing primary group name.

                   v.      If user wants to create subgroups under more than one parent group or under one parent group then user must select create option from Multiple groups.

                 vi.      Then multiple group creation screen will appear.

a.       To create subgroup under one parent group, select that group in the option under group.

b.      To create subgroups under more than one parent group, select all items in the option under group.

VII.              Creating, Displaying and Altering Ledgers.

Ledger is a book that is used to store detail of each account. It is actual account heads to which transaction is identified.

1.       When user creates a company, at that time very first user creates different ledgers.

2.       When user wants to create single ledger account of different group then user must select single ledger option.

3.       But if user wants to create different accounts of same group then user must select multiple ledger options.

For creating ledger user follows following steps.

i.                    From Gateway of Tally, select Account info.

ii.                  Then select Ledger option, as user wants to create ledger.

iii.                If user wants to create single ledger means each account of different groups then select create option of single ledger.

iv.                 No Tally shows data entry screen for ledger. Now enter name of Ledger account to be created and alias of account, opening balance and group of that account.

v.                   If user wants to create different accounts of the same group then user must select create option of multiple ledgers.

vi.                 In this option, first Tally ask to enter name of the group. Then enter the list of all accounts of that group with the opening balance. For example stationery a/c, salary a/c, travelling a/c all falls under the group ‘Indirect Expenses’.

vii.               If user want to create various ledger accounts under various groups then select all item in the under group field.

1. State groups for ledgers and create the ledgers.

1.       Ashok starts business with Rs. 100000/-

2.       Purchase machinery for Rs. 50000/ and furniture for Rs. 10000

3.       Paid amount for rent Rs. 1000/

4.       Deposits Rs,. 10000/- in Bank

5.       Purchase of goods for Rs. 20000/ from Mr. Ram on credit.

6.       Sold goods to Mr. Rakesh for Rs. 10000/

7.       Rs. 5000/ withdraws from bank for personal use.

8.       Withdraws Rs. 1000/ for office use.

9.       Received cash from Mr. Rakesh.

10.   Paid to Mr. Ram.

Ans. By default, cash a/c and P&L a/c are available in Tally.

Ledger	Group
Mr. Ashok a/c	Capital a/c
Furniture a/c	Fixed asset
Machinery a/c	Fixed asset
Rent a/c	Indirect expenses
Bank a/c	Bank a/c
Purchase a/c	Purchase a/c
Sales a/c	Sales a/c
Mr. Ram a/c	Sundry creditor
Mr. Rakesh a/c	Sundry debtor
Drawing a/c	Capital a/c

2. State groups  for ledgers & create the ledgers.

1.       Mr. Ram starts business with Rs. 200000/- and deposited into bank Rs. 40,000.

2.       Paid for office building Rs. 50000/ and furniture for Rs. 10000/-

3.       Purchase raw material of Rs. 10000 on credit from Mr. Avinash.

4.       Paid Wages Rs. 2000

5.       Paid salary Rs. 10000

6.       Return money to Mr. Avinash in settlement of Rs. 9500.

7.       Sold goods to Mr. Shekar Rs. 15000/-

8.       Received interest on bank amount Rs. 500.

9.       Received from Mr. Shekar after discount of Rs. 500.

10.   Sold old news paper Rs. 450/-

11.   Sold old furniture Rs. 4000/-

Ledger	Group
Mr. Ram a/c	Capital a/c
Bank a/c	Bank a/c
Furniture a/c	Fixed assets
Building a/c	Fixed assets
Purchase a/c	Purchase a/c
Mr. Avinash a/c	Sundry creditor
Wages a/c	Direct expenses
Salary a/c	Indirect expenses
Discount a/c	Indirect expenses
Sales a/c	Sales a/c
Mr. Shekar	Sundry debtor
Interest a/c	Indirect expenses
Old newspapers	Indirect income

MAGNET COMPUTER CLASSES

I. Record the following transactions in the books of “M/s Albert & Brothers”.

1.      Albert starts business with Rs. 50,000.

2.      He opens a SBI saving bank account and deposits Rs. 20,000.

3.      Bought furniture for Rs. 5,000, machinery for Rs. 10,000.

4.      Purchased goods for Rs. 14,000.

5.      Sold goods for Rs.8, 000.

6.      Purchased goods from Malhotra & Company for Rs. 11,000.

7.      Paid telephone rent for the year by Cheque Rs. 500

8.      Bought one typewriter for Rs. 2,100 from ‘Universal Typewriter Co’. on credit.

9.      Sold goods to Keshav Ram for Rs. 12,000.

10.  Sold goods to Rajesh Kumar for Rs. 2000 cash.

11.  Amount withdrawn from bank for personal use Rs. 1,500.

12.  Received cash from Keshav Ram Rs. 11,900 and discount allowed Rs. 100.

13.  Paid into bank Rs. 5,800.

14.  Bought 50 shares in X Y & Co. Ltd. At Rs.60 per share, brokerage paid Rs. 20.

15.  Goods worth Rs. 1,000 found defective were returned to Malhotra & Co. and balance of the amount due to them settled by issuing a cheque in their favour.

16.  Sold 20 shares of X Y & Co. Ltd. at Rs. 65 per share, brokerage paid Rs. 20.

17.  Bought goods worth Rs. 2,100 from Ramesh and supplied them to Suresh at Rs. 3,000.

18.  Suresh returned goods worth Rs. 100, which in turn were sent to Ramesh.

19.  Issued a cheque for Rs. 1,000 in favour of landlord for rent for April.

20.  Paid salaries to staff Rs. 1,500.

21.  Received from travelling salesman Rs. 2000 for goods sold by him, travelling expenses Rs. 100.

Journal entries

1.      Cash a/c ……… Dr.

To Capital a/c

2.      SBI saving bank a/c ………… Dr.

To cash A/c

3.      Machinery a/c ……… Dr.

Furniture a/c ……… Dr.

              To cash a/c

4.      Purchase a/c ……… Dr.

To cash a/c

5.      Cash a/c ……… Dr.

To Sales a/c

6.      Purchase a/c ……… Dr.

To Malhotra & Co. a/c

7.      Telephone rent a/c ……… Dr.

To SBI bank a/c

8.      Typewriter a/c ……… Dr.

Universal Typewriter Co. a/c

9.      Kashav Ram ……… Dr.

To Sales a/c

10.  Cash a/c ……… Dr.

To sales a/c

11.  Drawings a/c ……… Dr.

SBI bank a/c

12.  Cash a/c ……… Dr.

Discount allowed a/c

              To Keshav Ram a/c

13.  SBI bank a/c ……… Dr.

To cash a/c

14.  Investment in shares A/c ……… Dr.

Brokerage a/c ……… Dr.

              To Cash a/c

15.  Malhotra’s a/c ……… Dr.

Return Outward a/c ……… Dr.

              To Bank a/c

16.  Cash a/c ……… Dr.

To Investment in shares a/c

Investment in shares a/c ……… Dr.

              To Profit & Loss a/c

[ selling share is not the core business so whatever profit realized will be entered in profit & loss a/c]

Brokerage a/c ……… Dr.

To cash a/c

17.  Purchase a/c ……… Dr.

To Ramesh a/c

Suresh a/c ……… Dr.

              To Sales a/c

18.  Return Inward A/c ……… Dr.

Suresh a/c

Ramesh a/c ……… Dr.

              To Return outward a/c

19.  Rent a/c ……… Dr.

To Bank a/c

20.  Salary a/c ……… Dr.

Cash a/c

21.  Cash a/c ……… Dr.

Travelling expenses a/c

To sales a/c

Company Name               :               MAGNET COMPANY

Address:                              :               No. 31, S.S.K. Chawl, Dharavi Cross Road, Dharavi, Mumbai – 17.

LEDGER NAME	UNDER GROUP	OPENING BALANCE
SHARE CAPITAL	CAPITAL ACCOUNT	10,00,000
LOAN FROM SBI BANK	SECURED LOAN	4,00,000
PROVISION FOR DEPRECIATION	PROVISION	32,500
O/S RENT	CURRENT LIABILITY	3,600
O/S SALARIES	CURRENT LIABILITY	19,000
DEPOSIT FOR PREMISES	DEPOSITS (ASSETS)	1,55,000
INVESTMENT IN SHARES	INVESTMENT	18,550
FURNITURE	FIXED ASSETS	15,000
COMPUTERS	FIXED ASSETS	80,000
CASH IN BANK	BANK ACCOUNT	1,93,000
CASH IN HAND	CASH IN HAND	25,000
CLOSING STOCK	STOCK IN HAND	67,000

To maintain Stock Statement

Group	Categories	Stock item	Purchase price	Quantity	Godown
ECONOMICS	MARSHAL	V.1	300	60	DHARAVI
		V.2	325	80
	GLOBAL	C.1	450	120
		C.2	500	160
MANAGEMENT	HENRY	BASIC	125	300	SION
		INTERMEDIATE	225	325
		FINAL	600	350
	INDIAN	SIMPLE	75	400
		ADVANCE	325	600

Goods are purchased from these parties. (VAT @12.5%)

Date	Bill no.	Party name	Stock item	Godown	Qty
1ST MAY	OM 001	BABAJI STORE	V.2	DHARAVI	45
5TH  MAY	OM 002	AMUL STORE	C.1	SION	50
6TH  MAY	OM 003	ANAND STORE	V.2	SION	60
8TH  MAY	OM 004	ABINAYA STORE	BASIC	DHARAVI	31
10TH  MAY	OM 005	AZIM’S STORE	FINAL	DHARAVI	90
17TH JUNE	OM 006	SARASWATI STORE	INTERMEDIATE	SION	15
19TH JULY	OM 006	ANAND STORE	ADVANCE	SION	45
23RD JULY	OM 007	ABINAYA STORE	SIMPLE	DHARAVI	75
29TH AUGUST	OM 008	BABAJI STORE	C.2	SION	52

Goods are sold to these parties. (VAT @12.5%)

Date	Bill no.	Party name	Stock item	Godown	Qty	Selling price
1ST MAY	OM P001	Reliance store	V.2	DHARAVI	15	650
5TH  MAY	OM P002	TATA store	C.1	SION	40	675
6TH  MAY	OM P003	Omtex store	V.2	SION	53	685
8TH  MAY	OM P004	Vishwas store	BASIC	DHARAVI	31	695
10TH  MAY	OM P005	Philips store	FINAL	DHARAVI	100	902
17TH JUNE	OM P006	Omtex store	INTERMEDIATE	SION	20	625
19TH JULY	OM P006	IPL store	ADVANCE	SION	36	635
23RD JULY	OM P007	Reliance	SIMPLE	DHARAVI	90	644
29TH AUGUST	OM P008	Philips store	C.2	SION	42	702

When amount received from parties use Receipt voucher (F6)
Date	Party name	MODE OF PAYMENT	CHEQUE NUMBER	AMOUNT
2nd  MAY	Reliance store	CASH	---------------------	70000
2nd  MAY	TATA store	CASH	---------------------	25000
2nd  MAY	Omtex store	CHEQUE	0229892	42000
2nd  MAY	Vishwas store	CHEQUE	C/B 654258	18000
2nd  MAY	Philips store	CHEQUE	S/B 7139852	120000
2nd  MAY	IPL store	CASH	---------------------	15500

When amount paid to parties use payment voucher (F6)
Date	Party name	MODE OF PAYMENT	CHEQUE NUMBER	AMOUNT
2nd  MAY	BABAJI STORE	CASH	---------------------	30000
2nd  MAY	AMUL STORE	CASH	---------------------	20000
2nd  MAY	ANAND STORE	CHEQUE	8459625	18000
2nd  MAY	ABINAYA STORE	CHEQUE	6548721	6000
2nd  MAY	AZIM’S STORE	CHEQUE	9685721	22000
2nd  MAY	SARASWATI STORE	CASH	---------------------	3000

Purchase and Sales Return

On 1^st June, goods purchased from Babaji store has been returned. Details are

Stock item	Godown	Quantity	Bill no.
V.2	Dharavi	2	OM 001

On 1^st August, goods purchased from Saraswati store has been returned. Details are

Bill no.	Godown	Quantity	Stock item
Om 006	Sion	1	Intermediate

On 1^st October, goods purchased from Anand store has been returned. Details are

Bill no.	Godown	Quantity	Stock item
Om 003	Sion	5	V.2

On 1^st July, goods sold to Philips Store were returned. Details are

Bill no.	Godown	Quantity	Stock item
Om p005	Dharavi	5	Final

On 31^st December, goods sold to Reliance company were returned. Details are

Bill no.	Godown	Quantity	Stock item
Om p007	Sion	2	Simple

On 31^st January, 2011 goods sold to IPL store were returned. Details are

Bill no.	Godown	Quantity	Stock item
Om p006	Dharavi	2	Advance

Contra Entries

1.       On 1^st September, Withdraw Rs. 50000 from Abhyudaya bank for business purpose.

2.       On 30^th November, With drawn Rs. 25000 from Cash in bank for business purpose.

3.       On 28^th February, Deposit Rs. 25000 in Abhyudaya bank.

Charging Depreciation

On 31 – 3 – 2011 Charge depreciation @ 10% on furniture, 20% on computer, 12.5% on Machinery, 7.5% on Building

Particulars	Under category	Amount (Rs.)	Mode of payment
Discount Allowed A/c Commission Allowed A/c	Indirect expenses Indirect expenses	1800 300	Cash cash
Salary A/c	Indirect expenses	500	Cheque
Travelling Expenses	Indirect expenses	900	Cheque
Rent A/c	Indirect expenses	450	Cash
Brokerage Account	Indirect expenses	1250	Cash
Printing & Stationery Electricity charges Miscellaneous expenses Advertisement Office expenses Interest Delivery van expenses Conveyance Expenses Refreshment Expenses Administrative expenses Discount received A/c Commission received A/c	Indirect expenses Indirect expenses Indirect expenses Indirect expenses Indirect expenses Indirect expenses Indirect expenses Indirect expenses Indirect expenses Indirect expenses Indirect income Indirect income	600 1200 820 960 1020 350 125 650 250 450 900 4500	Cheque Cash cash Cheque Cheque Cheque Cheque Cheque Cheque Cheque Cheque Cheque

COMPANY NAME: - MAGNET BOOK STORE PRIVATE LIMITED

ADDRESS:              DHARAVI, MUMBAI - 400017

LEDGER NAME	UNDER GROUP	OPENING BALANCE
SHARE CAPITAL	CAPITAL ACCOUNT	15,00,000
LOAN FROM SBI BANK	SECURED LOAN	5,00,000
PROVISION FOR DEPRECIATION	PROVISION	450000
O/S RENT	CURRENT LIABILITY	6000
O/S SALARIES	CURRENT LIABILITY	8000
DEPOSIT FOR PREMISES	DEPOSITS (ASSETS)	2,00,000
INVESTMENT IN SHARES	INVESTMENT	60,000
FURNITURE	FIXED ASSETS	28,000
COMPUTERS	FIXED ASSETS	50,000
CASH IN BANK	BANK ACCOUNT	1,00,000
CASH IN HAND	CASH IN HAND	75,000
CLOSING STOCK	STOCK IN HAND	50,000
ABHYUDAYA BANK	BANK ACCOUNT	1,25,000
MACHINERY	FIXED ASSET	2,00,000
BUILDING	FIXED ASSET	6,00,000
Discount Allowed A/c Commission Allowed A/c	Indirect expenses Indirect expenses	1800 300	Cash cash
Salary A/c	Indirect expenses	500	Cheque
Travelling Expenses	Indirect expenses	900	Cheque
Rent paid A/c	Indirect expenses	450	Cash
Brokerage Account	Indirect expenses	1250	Cash
Printing & Stationery Electricity charges Miscellaneous expenses Advertisement Office expenses Interest on loan Delivery van expenses Conveyance Expenses Refreshment Expenses Administrative expenses Discount received A/c Commission received A/c	Indirect expenses Indirect expenses Indirect expenses Indirect expenses Indirect expenses Indirect expenses Indirect expenses Indirect expenses Indirect expenses Indirect expenses Indirect income Indirect income	600 1200 820 960 1020 350 125 650 250 450 900 4500	Cheque Cash cash Cheque Cheque Cheque Cheque Cheque Cheque Cheque Cheque Cheque

To maintain Stock Statement

Group	Categories	Stock item	Purchase price	Quantity	Godown
SCHOOL	ENGLISH	BALBARATHI	80	1500	DHARAVI
		YUVAK BARATHI	75	1000
	MATHS	ALGEBRA	65	1300
		GEOMETRY	55	1200
COLLEGE	ACCOUNTS	BASIC	85	1100	SION
		FINAL	90	1000
	MATHS	ARITHMATIC	45	1400
		STATISTICS	35	1350

Goods are purchased from these parties. (VAT @12.5%)

Date	Bill no.	Party name	Stock item	Godown	Qty
1STMAY	OM 001	BABAJI STORE	BALBARATHI	DHARAVI	450
1STMAY	OM 002	AMUL STORE	YUVAKBARATHI	DHARAVI	500
1STMAY	OM 003	ANAND STORE	ALGEBRA	DHARAVI	600
1STMAY	OM 004	ABINAYA STORE	GEOMETRY	DHARAVI	310
1STMAY	OM 005	AZIM’S STORE	BASIC	SION	900
1STMAY	OM 006	SARASWATI STORE	FINAL	SION	150
1STMAY	OM 006	ANAND STORE	ARITHMATIC	SION	450
1STMAY	OM 007	ABINAYA STORE	STATISTICS	SION	750

Goods are sold to these parties. (VAT @12.5%)

Date	Bill no.	Party name	Stock item	Godown	Qty	Selling price
1STJUNE	OM P001	Reliance store	BALBARATHI	DHARAVI	150	100
1STJUNE	OM P002	TATA store	YUVAKBARATHI	SION	400	110
1STJUNE	OM P003	Omtex store	ALGEBRA	SION	530	120
1STJUNE	OM P004	Vishwas store	GEOMETRY	DHARAVI	310	130
1STJUNE	OM P005	Philips store	BASIC	DHARAVI	1000	145
1STJUNE	OM P006	Omtex store	FINAL	SION	200	125
1STJUNE	OM P006	IPL store	ARITHMATIC	SION	360	165
1STJUNE	OM P007	Reliance	STATISTICS	DHARAVI	900	175

Purchase and Sales Return

On 1^st June, goods purchased from Babaji store has been returned. Details are

Stock item	Godown	Quantity	Bill no.
BALBARATHI	Dharavi	2	OM 001

On 1^st August, goods purchased from Saraswati store has been returned. Details are

Bill no.	Godown	Quantity	Stock item
Om 006	Sion	1	FINAL

On 1^st October, goods purchased from Anand store has been returned. Details are

Bill no.	Godown	Quantity	Stock item
Om 003	Sion	5	ARITHMATIC

On 1^st July, goods sold to Philips Store were returned. Details are

Bill no.	Godown	Quantity	Stock item
Om p005	Dharavi	5	BASIC

On 31^st December, goods sold to Reliance company were returned. Details are

Bill no.	Godown	Quantity	Stock item
Om p007	Sion	2	BALBARATHI

On 31^st January, 2011 goods sold to IPL store were returned. Details are

Bill no.	Godown	Quantity	Stock item
Om p006	Dharavi	2	ARITHMATIC

Contra Entries

4.       On 1^st September, Withdraw Rs. 50000 from Abhyudaya bank for business purpose.

5.       On 30^th November, With drawn Rs. 25000 from Cash in bank for business purpose.

6.       On 28^th February, Deposit Rs. 25000 in Abhyudaya bank.

Charging Depreciation

On 31 – 3 – 2011 Charge depreciation @ 10% on furniture, 20% on computer, 12.5% on Machinery, 7.5% on Building

Windows	Functionality	Availability
ALT + F1	To close a company To view detailed report To explode a line into its details To select Inventory vouchers to alter	At all menu screens At almost all report screens At almost all screens in TALLY At the Inventory/ Payroll voucher creation or alteration screen.
ALT + F2	To change the period	At almost all screens in TALLY
ALT + F3	To select the company info menu To create/alter/shut a Company	At Gateway of Tally screen
ALT + F4	To select the Purchase Order Voucher Type	At Accounting / Inventory Voucher creation and alteration screens
ALT + F5	To select the Sales Order Voucher Type To view monthly and quarterly report	At Accounting / Inventory Voucher creation and alteration screens At almost all report screens in TALLY
ALT + F6	To select the Rejection Out Voucher Type To change the Sales Order Voucher Type	At Accounting / Inventory Voucher creation and alteration screens
ALT + F7	To select the Stock Journal Voucher Type To accept all the Audit lists	At Accounting / Inventory Voucher creation and alteration screens At Tally Audit Listing screen
ALT + F8	To select the Delivery Note Voucher Type To view the Columnar report	At Accounting / Inventory Voucher creation and alteration screens At Ledger Voucher screen
ALT + F9	To select the Receipt Note Voucher Type	At Accounting / Inventory Voucher creation and alteration screens
ALT + F10	To select the Physical Stock Voucher Type	At Accounting / Inventory Voucher creation and alteration screens
ALT + F12	To filter the information based on monetary value	At almost all report screens
Ctrl + F1	To select payroll vouchers for alteration	At the Accounting/Inventory Voucher creation or alteration screen
CTRL + ALT + F12	Advanced Configuration	At Gateway of Tally

Key Combination Used for Navigation

Windows	Functionality	Availability
PgUp	Display previous voucher during voucher entry/alter	At voucher entry and alteration screens
PgDn	Display next voucher during voucher entry/alter	At voucher entry and alteration screens
ENTER	To accept anything you type into a field. To accept a voucher or master To get a report with further details of an item in a report	You have to use this key at most areas in TALLY At the receivables report - press Enter at a pending bill to get transactions relating to this bill (e.g., original sale bill, receipts and payments against this bill, etc)
ESC	To remove what you typed into a field To come out of a screen To indicate you do not want to accept a voucher or master	At almost all screens in TALLY
SHIFT + ENTER	Collapse next level details	At Voucher Register screen and Trial Balance report
SHIFT + ENTER	To explode a line into its details	In almost all Reports: At a Group/Stock Group/Cost Category/Godowns /Stock Category - displays Sub Groups and Ledgers/Stock Items/Cost Centres/Secondary Godowns/Secondary Stock Categories At a Voucher - displays its entries and narration At a Stock Item- displays its godowns and batch details At Voucher Register screen - displays the next level details At Trial Balance report - displays the next level details
CTRL + ENTER	To alter a master while making an entry or viewing a report	At voucher entry and alteration screens At all reports

Windows	Functionality	Availability
F1	To select a company	At all masters menu screen
F1	To select the Accounts Button	At the Accounting Voucher creation and alteration screen
F1 (ALT+F1)	To select the Inventory To view the detailed or condensed report	At the Inventory/Payroll Voucher creation and alteration screen In almost all the Reports
F2	To change the current date To select company inventory features	At almost all screens in TALLY At the F11: Features screen
F2	To change the current date To select company inventory features	At almost all screens in TALLY At the F11: Features screen
F4	To select the Contra voucher	At Accounting / Inventory Voucher creation and alteration screen
F5	To select the Payment voucher	At Accounting / Inventory Voucher creation and alteration screen
F6	To select the Receipt voucher	At Accounting / Inventory Voucher creation and alteration screen
F7	To select the Journal voucher	At Accounting / Inventory Voucher creation and alteration screen
F8	To select the Sales voucher	At Accounting / Inventory Voucher creation and alteration screen
F8 (CTRL+F8)	To select the Credit Note voucher	At Accounting / Inventory Voucher creation and alteration screen
F9	To select the Purchase voucher	At Accounting / Inventory Voucher creation and alteration screen
F9 (CTRL+F9)	To select the Debit Note voucher	At Accounting / Inventory Voucher creation and alteration screen
F10	To select the Reversing Journal voucher	At Accounting / Inventory Voucher creation and alteration screen
F10 (Ctrl + F10)	To select the Memorandum voucher	At Accounting / Inventory / Payroll Voucher creation and alteration screen
F11	To select the Functions and Features screen	At almost all screens in TALLY
F12	To select the Configure screen	At almost all screens in TALLY

Special Key Combination

Windows	FFunctionality	Availability
ALT + 2	To Duplicate a voucher	At List of Vouchers – creates a voucher similar to the one where you positioned the cursor and used this key combination
ALT + A	To Add a voucher To Alter the column in columnar report	At List of Vouchers – adds a voucher after the one where you positioned the cursor and used this key combination. Alters the column in all the reports which can be viewed in columnar format
ALT + C	To create a master at a voucher screen (if it has not been already assigned a different function, as in reports like Balance Sheet, where it adds a new column to the report) To access Auto Value Calculator in the amount field during voucher entry	At voucher entry and alteration screens, at a field where you have to select a master from a list. If the necessary account has not been created already, use this key combination to create the master without quitting from the voucher screen. At all voucher entry screens in the Amount field
ALT + D	To delete a voucher To delete a master To delete a column in any columnar report (if it has not been already assigned a different function, as explained above)	At Voucher and Master (Single) alteration screens. Masters can be deleted subject to conditions, as explained in the manual. All the reports screen which can be viewed in columnar format
ALT + E	To export the report in ASCII, Excel, HTML OR XML format	At all reports screens in TALLY
ALT + I	To insert a voucher To toggle between Item and Accounting invoice	At List of Vouchers – inserts a voucher before the one where you positioned the cursor and used this key combination. At creation of sales and purchase invoice
ALT + L	To select the Language Configuration	At almost all screens in TALLY
ALT + K	To select the Keyboard Configuration	At almost all screens in TALLY
ALT + O	To upload the report at your website	At all reports screens in TALLY
ALT + G	To select language for Tally Interface	At almost all screens of TALLY
ALT + M	To Email the report	At all reports screens in TALLY
ALT + N	To view the report in automatic columns	At all the reports where columns can be added
ALT + P	To print the report	At all reports screens in TALLY
ALT + R	To remove a line in a report	At all reports screens in TALLY
ALT + S	To bring back a line you removed using ALT + R	At all reports screens in TALLY
ALT + U	To retrieve the last line which is deleted using Alt + R	At all reports screens in Tally
ALT+ V	From Invoice screen to bring Stock Journal screen	At Invoice screen > Quantity Field > Press Alt + V to select the Stock Journal.
ALT + X	To cancel a voucher in Day Book/List of Vouchers	At all voucher screens in TALLY
ALT + R	To Register Tally	At almost all screens in TALLY.
CTRL + A	To accept a form – wherever you use this key combination, that screen or report gets accepted as it is	At almost all screens in TALLY, except where a specific detail has to be given before accepting
CTRL + B	To select the Budget	At Groups/Ledgers/Cost Centres/ Budgets/Scenarios/Voucher Types/ Currencies (Accounts Info) creation and alteration screen
CTRL + ALT + B	To check the Company Statutory details	At all the menu screens
CTRL + C	To select the Cost Centre To select the Cost Category	At Groups/Ledgers/Cost Centres/ Budgets/Scenarios/Voucher Types/ Currencies (Accounts Info) creation and alteration screen At Stock Groups/ Stock Categories/ Stock Items/ Reorder Levels/ Godowns/ Voucher Types / Units of Measure ( Inventory Info)  creation/alteration screen
CTRL+ E	To select the Currencies	At Groups/Ledgers/Cost Centres/ Budgets/Scenarios/Voucher Types/ Currencies (Accounts Info) creation and alteration screen
CTRL + G	To select the Group	At Groups/Ledgers/Cost Centres/ Budgets/Scenarios/Voucher Types/ Currencies (Accounts Info) creation and alteration screen
CTRL + H	To view the Support Centre	At Almost all screens in Tally
CTRL + I	To select the Stock Items	At Stock Group/ Stock Categories/ Stock Items/ Reorder Levels/ Godowns/ Voucher Types / Units of Measure ( Inventory Info)  creation/alteration screen
Ctrl + Alt + I	To import statutory masters	At all menu screens
CTRL + K	To Login as Remote Tally.NET User	At Almost all screens in Tally
CTRL + L	To select the Ledger To mark a Voucher as Optional	At Groups/Ledgers/Cost Centres/ Budgets/Scenarios/Voucher Types/ Currencies (Accounts Info) creation and alteration screen At the creation and alteration of Vouchers
CTRL + O	To select the Godowns	At Stock Group/ Stock Categories/ Stock Items/ Reorder Levels/ Godowns/ Voucher Types / Units of Measure ( Inventory Info)  creation/alteration screen
CTRL + Q	To abandon a form – wherever you use this key combination, it quits that screen without making any changes to it.	At almost all screens in TALLY.
CTRL + R	To repeat narration in the same voucher type	At creation/alteration of voucher screen
CTRL + Alt + R	Rewrite data for a Company	From Gateway of Tally screen
CTRL + S	Allows you to alter Stock Item master	At Stock Voucher Report and Godown Voucher Report
CTRL + U	To select the Units	At Stock Groups/ Stock Categories/ Stock Items/ Reorder Levels/ Godowns/ Voucher Types / Units of Measure ( Inventory Info)  creation/alteration screen
CTRL + V	To select the Voucher Types To toggle between Invoice and Voucher	At Groups/Ledgers/Cost Centres/ Budgets/Scenarios/Voucher Types/ Currencies (Accounts Info) creation and alteration screen At creation of Sales/Purchase Voucher screen