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    TALLY Practical

    Uploaded by

    raja
    The document provides instructions for completing various tasks in Tally, a popular accounting software: 1. It instructs how to create a company, ledgers, stock groups/items, and various types of accounting vouchers in Tally. 2. An exercise is given to create a company, stock items, sales/purchase ledgers, tax ledgers, and enter purchase and sales transactions with different GST rates to different parties to see reports. 3. The user is asked to check reports like profit/loss, stock summary under FIFO/LIFO methods and ratio analysis to view current/quick ratios.

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    TALLY Practical

    Uploaded by

    raja
    92 views2 pages
    The document provides instructions for completing various tasks in Tally, a popular accounting software: 1. It instructs how to create a company, ledgers, stock groups/items, and various types of accounting vouchers in Tally. 2. An exercise is given to create a company, stock items, sales/purchase ledgers, tax ledgers, and enter purchase and sales transactions with different GST rates to different parties to see reports. 3. The user is asked to check reports like profit/loss, stock summary under FIFO/LIFO methods and ratio analysis to view current/quick ratios.

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    Tally practical examples

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    The document provides instructions for completing various tasks in Tally, a popular accounting software: 1. It instructs how to create a company, ledgers, stock groups/items, and various types of accounting vouchers in Tally. 2. An exercise is given to create a company, stock items, sales/purchase ledgers, tax ledgers, and enter purchase and sales transactions with different GST rates to different parties to see reports. 3. The user is asked to check reports like profit/loss, stock summary under FIFO/LIFO methods and ratio analysis to view current/quick ratios.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    92 views2 pages

    TALLY Practical

    Uploaded by

    raja
    The document provides instructions for completing various tasks in Tally, a popular accounting software: 1. It instructs how to create a company, ledgers, stock groups/items, and various types of accounting vouchers in Tally. 2. An exercise is given to create a company, stock items, sales/purchase ledgers, tax ledgers, and enter purchase and sales transactions with different GST rates to different parties to see reports. 3. The user is asked to check reports like profit/loss, stock summary under FIFO/LIFO methods and ratio analysis to view current/quick ratios.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    TALLY (Practical)

    1. Create a Company and Ledgers in Tally.


    2. Create a Accounting voucher with example in tally.
    3. Create different types of GST Invoices in Tally.
    4. Create Debit/Credit Notes, Memorandum & Post Dated Vouchers in Tally
    5. Create Stock Group, Stock Items and Unit of Measurement in Tally.
    6. Create an Inventory and Manufacturing Vouchers.
    7. Prepare Balance Sheet, Profit/Loss Account, Stock Summary and Ratio Analysis in
    Tally
    8. Create a payroll in tally with suitable example.
    9. Do the following exercise with the example that given below

    Create a company in Tally by your name.

    Create 3 stock items named milk, roti and mobile. Opening balances of these 3 stock
    items would be milk – 10 liters, roti – 20 pieces and mobile – 5 numbers.

    Now, create sales ledgers – one for 28% GST rate and one for 5% GST rate.
    Also, create purchase ledgers in the same way each of 28% GST and 5% GST.

    Create 1 sundry debtor outside your state and 1 sundry debtor inside your state.
    Similarly, create 1 sundry creditor outside your state and 1 sundry creditor inside
    your state.

    Now, create GST Taxation ledgers for CGST, SGST and IGST for input as well as
    output taxation of GST. Totally, there will be 6 GST taxation ledgers.

    Now, create a purchase entry in which you will purchase 5 liters of milk at 5% GST
    rate for Rs50 per liter, 5 pieces of roti for Rs10 per piece and 3 numbers of mobile
    for Rs25,000 per mobile.

    GST rate for roti and mobile is 28%. Purchase this from inside your state.
    Also, fill in the E-Way bill details.

    Now, create a sales entry. Sell all the milk at Rs.55 per liter with the same rate of
    GST as it was purchased. Sell 20 pieces of roti at Rs.20 per piece and 1 mobile phone
    at Rs. 50,000 per mobile at the same rates of GST as it was purchased.
    This sale will be outside the state. Also, fill in the E-Way bill details.
    Now, check the profit and loss account and see what is the total value of sales for 5%
    GST.

    Go to Stock Summary and see what is the gross profit on sales of milk under the
    FIFO and LIFO methodology of stock valuations.

    Check the Ratio Analysis and see what is the current ratio and quick ratio.

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