Learning Tally Example 1https://youtu.be/VWbaa0tJmTI

Tally accounting soft ware is used to maintain and store daily business transactions like payments, receipt, sales, purchase, deposits, withdrawals etc. through different voucher types. The soft ware is having the facility to apply the principles of debit and credit in accounting and one of the best accounting soft ware available at present

Tally.Erp9 introduction Plz.. watch the video

https://youtu.be/VWbaa0tJmTI

Learning Tally with assignment

M/s Arjun ltd. Co.

2010

 Oct:1  Arjun started a business with cash Rs. 10,00,000

Oct: 2   Received a bank loan from HDFC Bank Rs. 5,00,000

             Opened a bank account with Bank SBT Rs. 2,00,000

Oct: 3   Bought Furniture from Furniture Mart Rs. Rs. 1,00,000

            Advertisement payable to Media Advertiser Rs. 1,00,000 (Inv. No. 1284, due days

              10 days)

Oct: 4  Paid printing charge Rs. 500

            Bought Machinery Rs. 1,20,000

Oct: 5  Purchased goods from Aroma Traders Rs. 85,000 (bill No: 108)

            Purchased goods for cash Rs. 10,000

Oct: 6  Telephone charge paid by SBT cheque Rs. 1800 (Ch No:123456789)

Oct: 7  Cash sales Rs. 50,000

Oct: 8  Goods returned to Aroma traders Rs.25,000 (agst Bill No: 108)

Oct: 11 Sold goods to Kishore Rs. 40,000 ( Bill No: 2)

Oct: 12 Cash received from Kishore Rs. 25,000 (Bill No: 2)

Oct: 13 Goods returned from Kishore Rs. 5,000 (Bill No: 2)

Oct:15 Cash withdrawn from SBT Bank Rs. 10,000

Oct: 16 Paid loan of HDFC Rs. 1,00,000

Oct: 17 Cheque of Bank SBT issued to Furniture Mart Rs. 50,000

Oct: 18 SBT Cheque issued to Media Advertiser Rs. 50,000

Oct: 25 Cash withdrawn from SBT Bank for personal use Rs. 5,000

Oct: 30 Paid salary Rs. 12,000

How to create company

Double clicking on the tally icon will open tally. 

Or from start menu- Programs- Tally.ERP9

Tally opening screen will look like as follows. 

From here press Alt + F1 (to shut company)

Then select the option create company.

Insert the following details.

Directory: C:\ Tally .ERP9 \ Data (this is the default directory and folder.  if necessary you can change this at the time of tally software installation or you can directly change from the creation window. (d:\ Tally\Data) i.e., you only type the path or drive where you want to store your data)

Name: M/s Arjun Ltd.(  ie, company name )
Address
Select the country and state
Give Pin code,telephone no, mobile no and e-mail address 
if you want auto back up then, Enable auto backup Yes
Currency symbol
Maintain- Accounts only or accounts with inventory. (Specify whether you want to maintain only financial books of accounts or both accounts and inventory)
If you want to give inventory details, then you should select Accounts with inventory
Then give Financial Year and Books beginning
Financial year from ( Tally considers 12 months from the date you give here as the Financial year 01/01/2010)
Books beginning ( in this case, it is 01/10/2010)
Tally Vault Password: here you can give a password
Use Security Control: If you want to  control over accessing tally data, give Yes

Your company is created. Then you can see the Gateway of Tally. The button panel of this shows:-

F1- Select Company ( Here you can open your company from the list of companies).

F1( Press Alt + F1)- Shut Company ( To close a company)

F2- Change Date( Here you can change the current date)

F2( Press Alt + F2) (To change current period of Company)

Ledger Creation
From Gateway of Tally go to Accounts info - Ledger- Create

Here Type  Capital A/c

Then select Capital Account from the List of Group

Like this  create the following Ledgers

Ledgers	Group
Loan HDFC A/c	Loans Liability
Bank SBT A/c	Bank Account
Furniture A/c	Fixed asset
Furniture Mart A/c	Sundry Creditors
Advertisement  A/c	Indirect Expense
Media Advertiser A/c	Sundry Creditors
Printing charge A/c	Indirect Expense
Machinery A/c	Fixed asset
Purchase A/c	Purchase Accounts
Aroma traders  A/c	Sundry Creditors
Telephone charge A/c	Indirect Expense
Sales A/c	Sales Account
Purchase Return A/c	Purchase Accounts
Kishore A/c	Sundry Debtor
Sales Return A/c	Sales Account
Drawings A/c	Capital Account
Salary A/c	Indirect Expense

After that Press Esc key for Quit Ledger Creation window

Then from Gateway of Tally  Select  Accounting Vouchers

Then you will get:-

This is called Vouchers. . On the Button Panel   you can see the different type of vouchers.

F4 – Contra (To record transaction between Cash and Bank. i.e. Cash deposited into Bank and Cash withdrawn from Bank for office use.)

F5 – Payment (To record Cash and Bank Payments)

F6 – Receipt (To record Cash and Bank receipts)

F7 – Journal (To record non cash transactions)

F8 – Sales (To record Cash Sales and Credit Sales)

F9 – Purchase (To record Cash and Credit Purchase)

For Sales Return and Purchase Return

Press F11 for features

Then you will get :-

Here select Use Debit/Credit Notes           ? Yes

Then Press

Ctrl + F8 – Credit Note (To record sales return)

Ctrl + F9 – Debit Note (To record Purchase return)

See the first transaction

2010 Oct:1 Arjun started a business with cash Rs. 10,00,000
                   To record this Press F6 for Receipt Voucher. If you want to change the current date Press F2 and give the date
then in 
Cr   select Capital A/c                                                             Type Amount 1000000
Dr   select Cash A/c              Press Enter Key
Then Give Narration if necessary
Press enter key and accept it.

Like that give every transactions

Oct: 2  Received a bank loan from HDFC Bank Rs. 5,00,000

Press F2 then change date

Opened a bank account with Bank SBT Rs. 2,00,000

Press F4 for Contra Voucher

Oct: 3  Bought Furniture from Furniture Mart Rs. Rs. 1,00,000

Press F2 give date

Press F7 for Journal Voucher

Dr Furniture A/c

Cr Furniture Mart A/c
then give bill details and accept it

Advertisement payable to Media Advertiser Rs. 1,00,000 (Inv. No. 1284, due days 10 days)

Press F7 for Journal Voucher

Oct: 4 Paid printing charge Rs. 500

press F5 for Payment Voucher and  change date

Bought Machinery Rs. 1,20,000

Oct: 5 Purchased goods from Aroma Traders Rs. 85,000 (bill No: 108)
Press F9 (Purchase)
then Press F2 for change date

Cr  Aroma Traders A/c
Dr  Purchase A/c

Oct: 6 Telephone charge paid by SBT cheque Rs. 1800 (Ch No:123456789)
Press F2 give date

Oct: 7 Cash sales Rs. 50,000

Press F8  then press Ctrl + V to change format of sales voucher. i.e. invoice mode to debtor creditor mode
then give
Dr  Cash A/c
Cr  Sales A/c

Oct: 8 Goods returned to Aroma traders Rs. 25,000 (agst Bill No: 108)
Press F11 features activate Use debit/credit note  Yes

then Press Ctrl + F9 Debit Note for Purchase Return

then select

Dr  Aroma traders A/c

Cr  Purchase Return A/c

give Bill details agst then select the bill no.

Oct: 11Sold goods to Kishore Rs. 40,000 ( Bill No: 2)

Press F8 for sales voucher
Press F2 and give date
Dr  Kishor A/c
in bill wise details select New Ref
Cr  Sales A/c

Oct :12  Cash received from Kishor Rs. 25,000

Press F6 for receipt 

Cr  Kishor

Dr  Cash

Oct: 13Goods returned from Kishore Rs. 5,000 (Bill No: 2)

Press Ctrl + F8 for Credit Note ( Sales Return)
Press F2 Change Date

Oct:15Cash withdrawn from SBT Bank Rs. 10,000

Press F4 for Contra Voucher
Press F2- Change Date

Oct: 16 Paid loan of HDFC Rs. 1,00,000
Press F5 for Payment
Press F2 for date

Oct: 17 Cheque of Bank SBT issued to Furniture Mart Rs. 50,000

In Payment Voucher Press F2 for change date

Oct: 18 SBT Cheque issued to Media Advertiser Rs. 50,000

Oct: 25 Cash withdrawn from SBT Bank for personal use Rs. 5,000

Oct: 30 Paid salary Rs. 12,000

 Reports

 

Trial Balance

 

 

Trading and Profit or Loss A/c

 

 
Balance Sheet

 

 

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