Professional Documents
Culture Documents
Tally Practical Problems
Tally Practical Problems
1. To create company
Company Info > Create Company
Type the Name as Robert and keep all other fields as they are and choose ‘Yes’ to accept.
2. To maintain accounts only
Gateway of Tally > F11 Accounting Features > General > Maintain accounts only: Yes > Accept Yes
(2) An account was opened with State Bank of India and deposited ₹ 30,000
F4: Contra voucher
Account: State Bank of India
Particulars: Cash
Amount: ₹ 30,000
Narration: Opened bank account in SBI
Accept Yes
(6) Goods purchased from Rathinam for ₹ 5,000 and money deposited in CDM
F9: Purchase voucher
Account: Cash
Particulars: Purchases A/c
Amount: ₹ 5,000
Narration: Cash purchases made
Accept Yes
5. To view reports
(i) To view Trial Balance
Gateway of Tally > Reports > Display > Trial Balance > AltF1 (detailed)
(ii) To view Profit and Loss Account
F10: A/c Reports > Profit & Loss A/c > AltF1 (detailed)
(or)
Gateway of Tally > Reports > Profit & Loss A/c > AltF1 (detailed)
The following balance sheet has been prepared from the books of Bright on 1-4-2018.
You are required to prepare trading and profit and loss account for the year ended 31-03-2019 and a balance
sheet as on that date using Tally.
Solution
1. To create company
Type the Name as Bright and keep all other fields as they are and choose ‘Yes’ to accept.
2. To maintain accounts only
Gateway of Tally > F11 Accounting Features > General > Maintain accounts only: Yes > Accept Yes
Gateway of Tally > Masters > Accounts Info > Ledgers > Single Ledger > Create
Note
Cash account need not be created as it is a default ledger. Only the opening balance has to be recorded by
altering the cash account.
Gateway of Tally > Masters > Accounts Info > Ledgers > Single Ledger > Alter
After creating the ledgers and recording the opening balances of ledger accounts the balance sheet of
Bright is shown as in the following figure:
3. To create ledger accounts for transactions
Account: Cash
Amount: ₹ 2,000
Accept Yes
In the similar way, record the other transactions. Use Payment Voucher for rent paid and payment to
Senthamarai.
Use Purchase Voucher for credit purchases from Senthamarai and cash purchases.
Use Sales Voucher for credit sales to Pushparaj and cash sales.
Since maintain accounts only is set to ‘Yes’ and integrate accounts and inventory is set to ‘No’ under
accounting features, stock has to be recorded manually. Hence, the closing stock has to be recorded by
altering the stock account and while entering the date of closing stock, the date of opening stock has to be
entered. The following procedure is to be followed:
Gateway of Tally > Masters > Accounts Info > Ledgers > Single Ledger > Alter > Stock > Closing balance
> Date (opening date) > Amount > Accept Yes
6. To view reports
F10: A/c Reports > Profit & Loss A/c > AltF1 (detailed)
(or)
Gateway of Tally > Reports > Profit & Loss A/c > AltF1 (detailed)
(ii) To view Balance Sheet
(or)
Gateway of Tally > Reports > Balance Sheet > AltF1 (detailed)