TALLY New Book
TALLY New Book
1
Tally Exercise
CONTENTS
Introduction 4
Shortcut 6
Company Info Features 7
Accounts Info 7
Inventory Info 10
Vouchers 13
Display 22
Multi-Accounts Info 24
Bank Reconciliation Statement 24
Bill Wise Details 26
Cost Center & Cost Categories 26
Currency 29
Interest Calculations 30
Cost Center Classes 26
Voucher Type 32
Voucher Class 32
Budget & Controls 33
Scenario Management 34
Order Processing 35
Re-order Levels 37
Batch Wise Details` 37
Bill of Materials 40
Additional Cost Details 40
Price Levels& Price List 38
Advanced Invoicing 40
Consolidation Of Accounts 40
Security Control 40
Spilt Company Data 41
Import & Export 41
Backup & Restore 41
Goods And Service Tax 41
Tax Deducted At Source 43
Service Tax 45
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Tally Exercise
INTRODUCTION OF TALLY
Accounts - Business language
Income and Expenses – Gain
Expenses and Income – Loss
History of Tally:
It is invented by
Lucas Pocioli [Italian] by 1414.
Tally Introduced by Tally Solutions Private Limited (invert Bangalore)
Transactions:
Transfer of money, goods or services.
Types of Account:
Personal Account
Impersonal Account
Real Account:
Things That Can Be See and Touch.
Example: Furniture, Computer.
Nominal Account:
Things That Can’t Be Seen and Touch.
Example: Rent, Ebcharge, Telephone charge.
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Tally Exercise
Personal Account:
(1) Debit The Receiver.
(2) Credit The Giver.
Example:
Cash Deposited in Canara Bank Rs.10000.
Cash Deposited in CanaraBank-Debit the Receiver.
Rs.10000- Credit the Giver.
Real Account:
(1) Debit What Comes In
(2) Credit What Goes Out.
Example: Purchase Wall clock (Dr) for Rs.1000 (Cr).
Nominal Account:
(1) Debit All Expenses and Loss
(2) Credit All Income and Gain
Example: Paid Ebcharge (Dr) for Rs.5000 (Cr).
Journal:
(1) Sales Return
(2) Purchase Return
(3) Capital
(4) Purchase
(5) Sales
(6) Invoice Bill – Bill No
(7) Sundry Creditor (Supplier)
(8) Sundry Debtor (Customer)
Shortcut Keys:
Gateway of Tally to Company Info Alt +f3
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Tally Exercise
Company Info to Gateway of Tally Esc
Gateway of Tally to Calculator Ctrl + n
Calculator to Gateway of Tally Ctrl + m
Shut Company Alt + f1
Select Company f1
Close Tally Esc
Accept Ctrl + a
Voucher:
Contra (f4)
Example: Bank, Deposit, Withdrew, Petty cash.
Payment (f5)
Example: Expenses, Fixed Assets, Purchase, Payment to Creditors.
Receipt (f6)
Example: Incomes, Received From Debtors, Fixed assets, Sales, Received Capital.
Journal (f7)
Example: Sales Return, Purchase Return, Depreciation.
Sales (f8)
Example: Sales of goods.
Purchase (f9)
Example: Purchase of goods.
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Tally Exercise
Tally Exercise
LEVEL - I
Ex-1 Company & Features
A. Create a company with the following information:
Name : ABC - <STUDENT REGN NO>
Mailing name : ABC Department Store (P) Ltd
Address : 9, M.G. Road
Chennai
Statutory compliance for : India
Pincode : 600 021
Telephone : 24314320
E-mail : [email protected]
Currency symbol : Rs.
Maintain : Accounts with Inventory
Financial year : 1.4.2006
Books beginning from : 1.4.2006
Enter the following details in F3 statutory features:
Income Tax number : AAA CI 0450 M
Local sales Tax : TNGST 020817
Interstate sales Tax Number : CST/621/15/3/99
B.F11: Company Features
Maintain stock category, maintain multiple godown, Use Tracking numbers & Use Rejection Inward\Outward Notes.
Ex-2 Accounts Info
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Tally Exercise
Taxable Sales Sales Accounts -
Non-taxable Sales Sales Accounts -
LST Sales Taxable Sales -
CST Sales Taxable Sales -
B.Create the following ledger by using single ledger option:
Name Under Debit Credit
Opening Stock Stock in hand 162444.00 -
10% LST Sales LST Sales - -
8% LST Sales LST Sales - -
Almighty God - 11.00
Amway Corp. Foreign Suppliers - 16835.00
Beauty Care Centre Sundry Debtors - -
Bond Box Dry Cleaners Sundry Debtors - -
Brittania Industries Ltd Sundry Creditors - 56230.00
Buildings Fixed Assets 265400.00 -
Care Nursing Home Sundry Debtors 6680.00 -
Cash Cash in hand 3680.00 -
CCTV Camera Fixed Assets 6890.00 -
Computer Fixed Assets 46520.00 -
CST Collected Central Sales Tax - -
Daily Wages Direct Expenses - -
Delivery Charges Direct Expenses - -
Delivery Van Fixed Assets 160250.00 -
Equity Share Capital Capital Account - 350000.00
Exempted Sales Non-taxable Sales - -
Forex Gain / Loss Indirect Incomes - -
Freight Inwards Direct Expenses - -
Furniture Fixed Assets 18620.00 -
Hindustan Lever Ltd Sundry Creditors - 14896.00
Hotel Aryabavan Sundry Debtors 36802.00 -
ICICI-OD A/c No 117 Bank Accounts - 16456.00
Import Purchase Purchase Accounts - -
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Tally Exercise
Interest Received Indirect Incomes - -
Kalueeswari Refineries Ltd Sundry Creditors - 14000.00
Loan From Director Unsecured Loans - 125000.00
Local purchase Purchase Accounts - -
LST Collected Local Sales Tax - -
Mini door Auto Fixed Assets 43200.00 -
Packing Charges Direct Expenses - -
Pepsi India Sundry Creditors - 46820.00
Profit & Loss A/c Primary - 192934.00
SBI-A/c No 01100001537 Bank Accounts 4896.00 -
Shares in brittania ltd Investments 50000.00 -
Srilankan Tea Corporation Foreign Suppliers - -
SSP Marriage Hall Sundry Debtors - -
Staff Advance Loans & Advances (Assets) 2300.00 -
Surcharge Collected Local Sales Tax - -
Tally Software Fixed Assets 22500.00 -
Tour Advance Loans & Advance (Assets) 3000.00 -
833182.00 833182.00
Name Under
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Tally Exercise
Name Under
Baby products Primary
Bath soaps Primary
Biscuits Primary
Coffee & Tea Primary
Edible oils Primary
Flours Primary
Health care products Primary
Soft drinks Primary
Washing powder & soaps Primary
Cream Biscuits Biscuits
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Tally Exercise
C. Create the following Godown
Name Under
First Floor Primary
Ground Floor Primary
Stock Room Primary
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Tally Exercise
7 Cinthol Lime Soap Cinthol Bath Soap Nos.Alt. First Floor 180nos 8.00 1,440.00
Units=dz.
8 Gold Winner Goldwinner Edible Oil Ltrs. - - - -
Sunflower Oil
9 Hamam Soaps Hamam Bath Soap Nos - - - -
10 J&J Baby Oil Johnson & Baby Products Bot Stock 10Bot 60.00 600.00
Johnson Room
11 J&J BabyShampoo Johnson & Baby Products Bot Stock 15Bot 30.00 450.00
Johnson Room
12 J&J Baby Soap Johnson & Baby Products Nos.Alt Stock 15nos 20.00 300.00
Johnson units=dz Room
13 Lankan Green Tea Lanka Coffee & Tea Pks.Alt. First Floor 200pks 250.00 50,000.00
untis=nos
1no=1pk
14 Mirinda Pepsi Soft Drinks Bot - - - -
15 Pepsi Pepsi Soft Drinks Bot Stock 5000bo 5.50 27,500.00
Room t
16 Phillsbury Atta Phillbury Flours Kgs - - -
17 Ponds Snow Ponds Health Care Bot - - - -
Product -
18 Ponds Soap Ponds Health Care Nos - - -
Product -
19 Raman Groundnut Primary N.A Pks - - -
Sweets -
20 Surf Excel Surf Washing Pks - - -
Powder & soap -
21 J&J Baby Kit Johnson & Baby Product Box - - -
Johnson -
22 Ponds Talcum Ponds Health Care Nos - - -
Powder Products -
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Tally Exercise
Ex – 4
Voucher Entry
Condition : All sales and purchase vouchers (expect marked with*) must be prepared in voucher in voucher mode.
Pass necessary entries for the following transactions:
S.N Date Accounting Details Inventory Details Narration Amount
o
1) 3.4.2006 Received Cash from Nil Received towards opening 35000.00
Hotel Aryabavan balance
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Tally Exercise
D.D Charges Nil Booking Advance in 5030.00
Home Life Exhibition
9) 10.4.200 Invoice Mode Local Raman’s groundnut Purchase of 30 pks from 150.00
6 Purchases by cash Sweets – 30 pks @ 5/- Raman’s cottage industries
Each Vide Bill No.RM569
10) 11.4.200 8%Lst sales to SSP Annapoorna Atta 8 Kgs Nil 160.00
6 Marriage Hall vide @ 20/- each
B.No.111
Addl.Info
LST Collected@8% 12.80
Surcharge @5% 0.65
173.45
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Tally Exercise
13) 13.4.200 Exempted sales for cash Ramam’s groundnut 20 pks of groundnut 120.00
6 Sweets 20 pks @Rs.6/- Sweets sold for cash
Each from ground floor
14) 13.4.200 10% Lst sales to Pepsi 2000 bot.@7/- Nil 14000.00
6 SSP Marriage Hall vide From stock room
B.no.115
Addl.Info
LST @10%
1400.00
Surcharge @5%
70.00
Delivery charges 160.00
15630.00
379.40
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Tally Exercise
6 SSP Marriage Hall B.No. 111&Rs.2540/- 2500.00
Towards B.No. 115
19) 22.4.200 SBI Chq.given for Nil
6 Foreign travel ticket 12259.00
20) 22.4.200 SBI Chq to Advertisers Nil Chq No. 187898 to ad
6 Plus as Pepsi Advt 6000.00
Charges in ‘THE HINDU’
21) 22.4.200 Journal to pepsi India for Nil 50% of avt charges to 3000.00
6 50% of avt.cost Be bourned by pepsi india
22) 26.4.200 Repairs charges paid in Nil Repair charges paid to
6 cash Super auto services vide 2300.00
B.No. 15568 for Delivery
Van and Mini door Auto
23) 36.4.200 SBI chq. For freight Nil Chq.No.187899 to 1680.00
6 inwards Transport
Corpn. Of India towards
LR No.15569
24) 29.4.200 SBI cheque for visiting Nil Chq.No 187900 to
6 Cards printing Srinivasa printers for 530.00
Manager Ram’s Visiting
Cards printing
25) 30.4.200 Transfer from SBI OD Nil Chq.No.187902
6 A/C To loan A/c 10000.00
26) 30.4.200 Incentives given in cash Nil Incentives given to
6 managers Aiswarya –
Rs. 1200/- & Ram – Rs
800/- 2000.00
27) 30.4.200 Petrol expenses Nil Petrol Expenses
6 reimbursed reimbursed
To managers for April
aiswarya
- Rs. 420/-Ram – Rs.210/- 630.00
28) 30.4.200 Charges made by Nil Folio charges – Refer 130.00
6 Banker Bank statement
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Tally Exercise
29) 3.5.2006 Cash drawn from OD A/c Nil Chq.No.058899 5000.00
30) 3.5.2006 Salaries paid by cash Nil Salary paid to aiswarya 4000.00
For April
31) 3.5.2006 Salaries paid by cash Nil Salary paid to ram For 3000.00
April
32) 3.5.2006 Cash Received from Nil Stall Booking Ram 5000.00
SSP Marriage Hall refunded due to
cancellation of home life
33) 3.5.2006 Import purchases from Amway GH lotion GH Lotion 500 bot 174375.0
Amway Crop 500 bot. @348.75 @US$ 7.5 each 0
Each – First floor
Addl.info
Freight inwards @10% @US$. 46.50/$
17437.00
191812.5
0
34) 3.5.2006 Goods delivered at Amway GH Lotion 100 Nil 45000.00
Beauty bot
Care Center vide DC @450/- First Floor
No.788
Addl. Info 3600.00
LST collected @8% 180.00
Surcharge @5%
48780.00
35) 6.5.2006 Material rejected and Amway GH Lotion 5 Due to seal open 2250.00
return by beauty Bot. 450/- First Floor & leakage
Care Centre DC No. 788
36) 8.5.2006 8% LST Sales to Beauty Amway GH Lotion 95 Nil 42750
Care Center Vide Bot.@450 First Floor
B.No.12578
Add. Info
Lst Collected @8% 3420
Surcharge @5% 171
37) 11.5.200 Rejected materials Amway GH Lotion 5 Each bot.@US$ 1841.25
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Tally Exercise
6 returned Bot. @368.25First floor [email protected]/$
To Amway corp. Tracking – Not
Applicable
38) 14.5.200 Exempted sales to Lankan Green Tea 80 Nil 24800.00
6 Hotel Arya Bhavan pks
@Rs.310/-
39) 15.5.200 Delivery charges Nil Paid to southern Railways 1800.00
6 incurred in cash - Goods delivered vide
Ref.No.SLY/01589411
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Tally Exercise
J & J Baby Kit – 5 3500.00
@Rs. 700/-
Ground Floor
44) 16.5.200 Chq received for 8% Amway GH Lotion Chq.No.158967 90000.00
6 LST Sales & deposited 200 bot. @450/- Canara Bank From
In OD A/C First Floor M.M Marketting
Addl.Info
Lst Collected @8% 7200.00
Surcharge @5% 360.00
45) 18.5.200 10% LST Sales to Ariel Super Soaker Nil 26250.00
6 CST Sales to Beauty 150 pks @175/-First
Care Centre Vide Floor
B.No.139
Addl.Info
LST Collected @ 10% 2625.00
Surcharge @5% 131.00
6.00
29000.00
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Tally Exercise
Deposited in SBI B.No.12578
48) 22.5.200 Product promotion Nil Rs. 10/-per Bot 2450.000
6 Incentives adjusted Given to Beauty Care
53) 4.6.2006 Salaries paid by cash Nil Salaries paid to Ram 3000.00
For may
54) 5.6.2006 10% LST sales to Ariel Super Soaker Nil 54000.00
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Tally Exercise
56) 15.6.200 SBI Chq. For sales Nil Chq.No.187903
6 Tax Remittanc To Sales Tax
CST Collected Officer as remittance 2700.00
Lst Collected Of May Collections 13245.00
Surcharge 662.00
16607.00
57) 15.6.200 Import purchase from Lankan Green Tea 50 For US$.295/- 14012.50
6 Sri Lankan Tea Corpn pks @Rs.47.50/$
@ 280.25/ pks.First
Floor
58) 28.6.200 SBI Chq. To sri Lankan Nil Chq.No.187904 14189.50
6 Tea Corpn For US$.295/-@
Rs.48.10/$
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Tally Exercise
LST Collected @8% 0.20
Surcharge @5%
Rounding off
63) 3.7.2006 Free gift to Care J & J Baby Kit Free Gift Issued 0
Nursing Home 1 Box – Ground Floor
64) 6.7.2006 10% LST Sales to Pepsi 1900 Bot Nil 15200.00
Hotel Arya Bhavan @8/- Stock Room
Addl. Info
LST Collected @10% 1520.00
Surcharge @5% 76.00
Surcharge @5%
16796.00
65) 13.7.200 10% LST Sales for cash Pepsi 350 Bot @8.50 Actually sent was 2975.00
6 Addl. Info Stock Room 500 Bot
LST Collected@10% 297.50
Surcharge @5% 14.90
Rounding off 0.40
3287.00
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Tally Exercise
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Tally Exercise
68) 31.7.200 Physical stock As on 31.7.2006 Pepsi Shortage – 10 bot
6 Lankan Green Tea Due to Guest Entertainment
(F.F) 71 Pks
Raman GN Sweet Lankan Tea – Excess
(G.F) 10pks.pepsi Due to samples for
Stock Room 100 bot New taste
G.F. 490 bot
69) 13.8.200 Post dated SBI Chq Nil Chq. No.187920 25000.0
6 To Pepsi India Towards B.No.17896 0
Ex – 5: Display
A. Prepare Extract of April month’s Sales Register.
B. Prepare Columnar Report for the period from 1.4.2006 to 15.5.2006 with the following columns
Voucher Number, Ref.No, Narration, Quantity details, all items (Automatic columns)
Ex – 6: Display
A. Vouchers narrated with the word “Managers”.
B. Cash vouchers related with delivery charges A/c
C. Delivery charges spent for Delivery van
D. Salaries paid to ram
E. Salaries paid to either Ram and Aishwarya
F. Vouchers related with ledgers whose names start with alphabet ‘p’
G. Vouchers without narration
H. Vouchers whose values are greater than 20,000/-
Ex – 7 Display & Print
1. Prepare the following reports:
A. Prepare vertical profit & loss a/c for the period ending 31.5.2006
B. Prepare vertical profit & loss a/c in columnar format for the periods ending 31.5.2006 and 31.7.2006
C. Prepare profit and loss a/c for the period ending 31.7.2006 for all stock valuation methods
(Hint: Use Auto column)
D. Prepare detailed trail balance stating opening balance, Debit, Credit, and closing balance.
(Hint: Use f12-configuration)
E. Prepare April month’s cash book so as to display daily balances.
Ex – 10 Billwise Details
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Tally Exercise
B. Masters : Alter the following Ledgers, Set Yes for maintain balances bill by
Bill and gives respective default credit periods
C. Entry
Alter the following ex – 4 entries so as to give the following Billwise details:
----------
728.50
173.45
10 11.4.2006 SSP Marriage Hall 111 15,638.00
14 13.4.2006 SSP Marriage Hall 115 160.00
18 21.4.2006 SSP Marriage Hall 111 2,340.00
---------------
2,500.00
31 3.5.2006 SSP Marriage Hall On Account 5,000.00
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Tally Exercise
32 3.5.2006 Amway Crop AMM4658 1,91,812.50
35 8.5.2006 Beauty Care Center 12578 46,341.00
44 18.5.2006 Care Nursing Home 1396 29000.00
45 19.5.2006 Beauty Care Center 17899 72,000.00
46 20.5.2006 Beauty Care Center 12578 35,000.00
47 22.5.2006 Beauty Care Center 1257817899 950.00
. 2,450.00
59,820.00
53 5.6.2006 Bond box dry cleaner 1489 10,371.00
30.6.2006
59 Beauty care center 12578 64,609.00
17899
75,000.00
19,400.00
61 Beauty Care Centre 10058
3.7.2006 68,520.00
65 15.7.2006 Amway crop AMM4658
D. Display:
1. Prepare detailed all bills report for Beauty Care Center (Hint: D, A, L, Alt+B, Range of bills: all)
2. Prepare receivable statements as on 31.7.2006 (Hint:D,S,O,R)
3. Prepare Ageing Analysis Report as on 31.7.2006 for 30,6,90,more than 90 days
E. Print:
A. F11: Features: Set Yes to Maintain Cost Centre & Cost Categories
B. Masters:
1. Create the following primary Cost Categories and Set Yes to Revenue items, No to Non – Revenue
Items
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Tally Exercise
Name Under
Administration Primary
Departments Primary
Managers Primary
Vehicles Primary
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Tally Exercise
10 11.4.2006 8% LST Sales Department Provisions 160.00
11 12.4.2006 Local Purchases Department Snacks 752.40
Department Snacks 396.00
13 13.4.2006 Exempted sales Department Snacks 120.00
14 13.4.2006 10% Lst sales Department Drinks 14,000.00
Manager Aishwarya 14,000.00
Vehicles Auto 160.00
16 17.4.2006 8% LST Sales Department Snacks 350.00
17 18.4.2006 Delivery Charges Department Drinks 1,000.00
Department Cosmetics 800.00
-------------------
1,800.00
19 22.4.2006 Foreign Travel Exp Administration General 12,259.00
20 22.4.2006 Advertisement Department Drinks 6,000.00
21 22.4.2006 Advertisement Department Drinks 3,000.00
22 26.4.2006 Repairers&maintenance Vehicles Van Auto 1800.00
500.00
-----------------
.2,300.00
23 26.4.2006 Freight Charges Department Provisions 1680.00
24 29.4.2006 Printing Manager Ram 530.00
26 30.4.2006 Incentives Manager Aishwarya 1,200.00
Ram 800.00
---------------
2,000.00
27 30.4.2006 Traveling expenses Manager Aiswarya 420.00
Ram 210.00
-----------
630.00
Administration General 630.00
D. Display
1. Prepare detailed Cost Category report for the period ending 30.4.2006
2. Prepare Cost Center Break-up as on 30.4.2006 for Snacks
3. Prepare Cost Center Break-up as on 30.4.2006 for Delivery charges Ledger
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Tally Exercise
4. Prepare Cost Centre Break-up as on 30.4.2006 for sales Group
E. Print
Print the above listed reports.
C. Entry:
D. Display
29
Tally Exercise
E. Print
Print the above said reports
F. Trouble Shooting
To adjust Forex Gain/Loss, Journal Voucher has to be prepared Refer – Ex 14& 15 (For Voucher & cost center
classes)
Ex – 13 Interest Calculations
A. Features F11: Set Yes to Activate Interest Calculations & Advanced parameters
B. Masters: Alter the following Ledgers and give the following information:
Ledger Information
SSP Marriage Hall Yes to Active Interest Calculation transaction by
Transaction – Rate 12%- per 365 days year- on all
Balances – always-Normal Rounding
C. Entry:
Alterations not required
D. Display
Prepare Interest calculation Statement as on 31.7.2006 for SSP Marriage Hall and SBI Ledgers.
E. Print:
Print the above said reports.
Ex – 14 Cost Centre Classes
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Tally Exercise
B. Masters: Alterations not required
C. Entry:
Delete Entry nos 26 & 49 and re-enter them
Entry no Date Cost Centre Class Ledger Amount
26 30.4.2006 Incentives Incentives A/c 2,000.00
49 31.5.2006 Incentives Incentives A/c 1,500.00
D. Display
Av ail Cost Centre Break-Up for the above said entries from Incentives Ledger A/c and winess automatic
Cost Center Allocation
E. Print
No specific option for Cost Centre Classes printing
Ex – 15 Voucher Type
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Tally Exercise
71 31.7.2006 Vr.type-journal
Vr.class-Forex
A/c-Forex Gain/Loss Amway Crop AMM4658 3,382.50
AMM48953 – 66.60
----------
3,315.90
C. Display
Avail detailed format for the above said vouchers from 8% LST Sales and witness additional accounting entries and
their automated calculations.
D. Print:
No specific options for Voucher Class printing
Note: Some of the Voucher Classes that can be used in Tally are listed below:
Voucher classes Voucher Type Purpose
Forex Gain/Loss Journal To adjust Forex Gain/Loss
Simple & compound (interest) Debit Note Credit Note For different kind of interest calculations
Ex – 17 Budget & controls
A. Features : Set Yes to Maintain Budget & Control
B. Masters : Create a budget by name “I Quarter” and make the following settings.
Period: From 1.4.2006 to 30.6.2006
Group Budgeting : Sales Accounts – Not Applicable -
Closing Balance – 3, 00,000/-
Indirect Expenses –Not Applicable
Closing Balance-50,000/-
Ledger Budgeting : Traveling & Conveyance – Not applicable
Closing Balance-5,000/-
Salaries & Bonus-Not Applicable
Closing Balance-20,000/-
Cost Center Budgeting : Ram- Expenditure-12,000/- Closing Bal Nil
Income - 25,000/- -do-
Aiswarya- Expenditure- 15,000/- -do-
Income - 30,000/- -do-
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Tally Exercise
D. Display :
1. Prepare Vertical profit & loss A/c for ‘Monthly’ Scenario with the following periods a columns and watch
The variations in amount of depreciation
2. Prepare Balance sheet from 1.4.2006 to 31.5.2006 for ‘Monthly’ scenario and watch exclusion of unadjusted
Forex Gain /Loss
E. Print
Print the above said reports
EX-19 Order processing & Tracking Numbers
A. Features : Set yes to allow purchase order processing
Allow sales order processing and
Use Tracking Numbers
B. Masters : Alterations not required
C. Entry
1. Pass the following purchase orders to concerned supplier
Additional Information
Freight inwards 60.00
Rounding off 0.20
------------------
1,409.00
78 5.4.2006 Order No.PO157-Amway Gh Lotion $3750
-due on 25.4.2006-First Floor-500 bot (1,73,925.00)
@$7.5 (1$=Rs.46.38)
Additional Information $375
Freight inwards @10% (17,392.50)
---------------
$4125
(1,91,317.50)
E. Print:
Print the above said reports.
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Tally Exercise
Ex- 20 Re-order levels
A. Features: Since purchase order and sales order processing options are availed already
Re-order levels and re-order status options will get activated.
B. Masters: Set the following re-orders levels in inventory info. menu
Item Min.Order Re-order level Consumption Whichever is Rounding
Quantity Days
Britannia Burbon 25 20 15 days Lower Normal
Britannia milk bikies 100 150 10 days Higher Normal
A. Features : Set yes to maintain batch wise details & expiry dates for batches
B. Masters : Alter stock item “Britannia Milk Bikies” and set Batch no. as 02663,
Mfg. Date 29.3.2006 and expiry period as 60 days for the opening stock 120 nos
C. Entry – Alter the following entries
Entry No Date Party Item Batch No Quantity
8 10.4.2006 Care Nursing Home Britannia Milk Bikies 02663(29.3.2006 96 nos
/60 days)
11 12.4.2006 Britannia Industries Britannia Milk Bikies 150233(2.4.2006) 132 nos
/60 days)
16 17.4.2006 Cash Britannia Milk Bikies 02663 24 nos
150233 26 nos
D. Display:
1. Prepare stock summary as at 31.7.2006 for Britannia Group with opening balance, inwards,outwards
And closing balance for all Batches
2. Prepare Ageing analysis statement on 31.7.2006 for Britannia Stock Group based on Mfg. date and
Date of expiry
E. Print:
Print the above said reports.
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Tally Exercise
D. Display:
1. Prepare profit & loss A/c and witness increase in purchase, sales and decrease in concerned direct exp.
2. From Movement analysis menu prepare stock item report for J&J Baby kit and witness detailed basic values
Additional cost & effective rate.
E. Print:
Print the second report in D. Display
Ex-24 Price levels and price list
A. Features : Set to yes multiple price levels for invoicing under which introduce two price
Levels vize. “Bulk” & “Loose”
B. Masters : 1. Set price list as below
Item Level Applicable Quantity Rate Discount
From
From To
Amway GH Loose 1.7.2006 0 10 430 -
Lotion 10 30 430 5%
7%
30 - 430
-
Pepsi Bulk 1.7.2006 0 500 8.50 -
-
500 1000 8.00
-
1000 1500 7.50 -
-
1500 - 7.00
C. Entry
1. Delete entry no. 61 dt.3.7.2006 and 63 dt. 6.7.2006
2. Prepare entry no. 61 with the following Quantity slabs and witness different discount rates, Tax applicable
And total amount of bill.
Price Level Item Quantity
Loose Amway GH Lotion 1 Bot
Amway GH Lotion 10 Bot
Amway GH Lotion 30 Bot
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Tally Exercise
3. Prepare entry No.63 for the following Quantity slabs and witness rate changes, Tax applicable, total amount of
Bill:
Price Level Item Quantity
Bulk Pepsi 200 Bot
Pepsi 600 Bot
Pepsi 1100 Bot
-------------
1900 Bot
-------------
D. Display
1. Prepare profit & loss A/c and witness decrease in sales.
2. Prepare stock summary and witness increase in unit rate and value for the above said items.
E. Print:
Print price list of the above said items.
Ex- 25 Advanced Invoicing – Different Actual /Billed Quantity
2. Create a Group Company whose members are the above said two companies.
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Tally Exercise
C. Entry : Alterations are required
D. Display : Prepare profit & loss A/c and Balance Sheet for the Group Company and witness merging of
Balances of identical groups
E. Print:
1. Print Consolidated Balance sheet, profit & Loss A/c of Group Company.
2. Print comparitative Balance sheet and profit & loss A/c for member companies
Ex – 27 Security Control
A. Company : Alter Company and set yes to security control. Set ‘ABC’ as administrator and ‘123’ as password
Shut company, select it and enter with administrator name and password.
B. Masters : 1. Create ‘Managers’ as new type of security, using the basic facilities of owner with the
following dis – allowances
Types of Access List of reports
Full Access Balance Sheet
Full Access Profit & Loss A/c
Print Cash flow
Print Funds flow
Alter Accounts Masters
Alter Inventory Masters
Full Access Vouchers
3. Shut company, select it and enter with user name ‘Ram’, password ‘2’
C. Entry:
Witness voucher entry option is not available in gateway of Tally.
D. Display
Witness Balance sheet and profit & Loss A/c options are missing in Gateway of Tally
E.Print:
Try to print Funds Flow statement or cash Flow statement and get error message.
40
Tally Exercise
1. Split ABC Departmental stores data into two books from 1.7.2006
2. Open two splitted Books and check closing balance of the first book is the opening balance of the
Second book
State : Tamilnadu
GSTNUM : 29ABCDE1234F2Z5
Applicable from : 1/7/2017
Enable GST classifications : Yes
1. Purchase from Raj Infotech , 5 CDs of Antivirus Software @ Rs.800 each with Input GST Rate @18% i.e.
Rs.720 – [CGST( 9% ) Rs.360 and SGST( 9%) Rs.360]
2. Purchase from Microtek India ltd, 10 monitors @ Rs. 4000 each, with Input GST @28% i.e. Rs 11,200-
[CGST(14%) Rs. 5600 and SGST(14%) Rs.5600]
3. Sales of 5 Antivirus CDs @ Rs.1500 to Rajiv Roy & Sons with Output GST @ 18% i.e. Rs. 1350-[CGST( 9%)
Rs.675 and SGST (9%) Rs.675]
4. Sales of 10 Monitors @ Rs.4500 to Goenka Traders with Output GST @ 28% i.e. Rs. 12600-[CGST(14%)
Rs.6300 and SGST(14%) Rs.6300)
On 01.05.2006
Marvell properties Ltd sent notice for April rent due Rs. 12500.
On 02.05.2006
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Tally Exercise
Marvell properties Ltd sent notice for may rent due Rs. 2805
(Assume the accountant did not passed TDS deduction entry)
On 02.05.2006
Cheque No. 017281 issued for deposit of TDS on Rent Rs.2805.
5. Display TDS payables for period from 1.4.2006 to 1.5.2006
6. Have print preview of ITNS 281 for TDS on Advt. deposited on 2.5.2006
7. Display TDS computation for period from 1.4.2006 to 31.5.2006
8. Display TDS not deducted for period from 1.4.2006 to 2.6.2006
9. Have print preview of Form 16A to Chennai Corporation.
Ex – 33 Service Tax
On 02.05.2006
46