Basic Tally Notes pdf Download

Basic Tally Notes

Before Working With Tally, You Have To Understand

The Following Chapter. ------↓

1. Theoretical And Principles Of Accounting.

2. Practical Accounting.

3. Computerized Accounting.

1. Theoretical And Principles Of Accounting:-

Theoretical And Principles Of Accounting, Which We Have Learned In Higher. Secondary (Commerce And B.Com Level) Basic Tally Notes pdf Download link given Under↓↓↓↓

Against Any Transaction We Maintain The Following Methods:-

- Write The Journal Entry.

- Write The Cash Books (If Cash Transaction).

- Write The Bank Books (If Bank Transaction) Or Write Into Bank Column In Cash Book.

- Write The General Ledger.

- Prepare Trial Balance

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Trading, Profit And Loss Account Balance Sheet

(Income And Expense Ledgers) (Assets And Liabilities

Ledgers)

2. Practical Accounting:-

Practical Accounting Is Methods Which Maintain By The Companies.

Against Any Transaction We Have Maintain The Following Methods:-

- Write The Voucher Entry.

- Write The Cash Books (If Cash Transaction).

- Write The Bank Books (If Bank Transaction) Or Write Into Bank Column In Cash Book.

- Write The General Ledger

- Prepare Trial Balance

Trading, Profit And Loss Account Balance Sheet

(Income And Expense Ledgers) (Assets And Liabilities

Ledgers)

** Extra Register Will Maintain For The Govt. Authorities

Income Tax - Rules And Regulations.

Sales Tax - Sales Tax Register, Return, Challan.

Pf - Pf Register, Return, Challan.

P.Tax - P.Tax Register, Return, Challan.

Esi - Esi Register, Return, Challan.

Service Tax - Return, Challan.

Excise Duty - Return, Challan.

3. Computerized Accounting:

Like As Practical Accounting But Books Of Accounts And Final Accounts Will Be Maintained By The Computer Itself Or Automatically:-

- Create Ledgers.

- Input Voucher Entries (Daily Transactions).

- And Books Of Accounts And Final Accounts Will Be Automatically Maintained By Tally Itself.

Accounts

Books Of Accounts Final Accounts

- Cash Book - Trial Balance

- Bank Book - Trading, Profit & Loss A/c.

- General Ledger - Balance Sheet

- All Registers

(Purchase Register, Sales Register Etc.)

*** Before Creating Ledgers In Tally Select The Group Carefully.

*** At The Time Of Input The Voucher Entry Select The Appropriate Mode Of Voucher Entry.

***Basic Tally Notes pdf Download link given Under↓↓↓↓

Modes Of Voucher Entries:

- F4 – Contra – Cash Deposited Into Bank And Cash Withdrawn From Bank.

- F5 – Payment – Cash And Cheque Payment Including Cash And Bank Purchase.

- F6 – Receipts – Cash And Cheque Received Including Cash And Bank Sales.

- F7 – Journal – All Non –Cash Transactions (Excluding Credit Sales And Credit Purchase).

- F8 – Sales – Only Credit Sales.

- F9 – Purchase – Only Credit Purchase.

- Alter + F7 – Stock Journal – Stock Transferred And

Production Entries.

Transactions: (Examples)

1. Business Started With Cash Rs. 1, 00,000/-.

2. Cash Deposited Into Bank Rs. 50000/-

3. Goods (Iron) Purchase For Rs. 52000/- From Xyz And Co.

(Iron 5200 Kg.@10.00 Per Kg.)

4. Goods (Iron) Sold For Rs. 80000/- To Abc & Co.

(Iron 4000 Kg. @ 20.00 Per Kg.)

5. Traveling Exp. Paid To Mr. Das For Rs. 800/- By Cash

6. Salary Paid By Cheque To Mr. X For Rs. 9000/-

7. Machinery Purchased By Cash Rs. 25000/-

8. Goods (Iron ) Purchased By Cash For Rs. 10000/-

(Iron 1000kg.@10.00 Per Kg.)

9. Goods (Iron) Sold By Cheque For Rs. 20000/-

(Iron 1000 Kg. @ 20.00 Per Kg.)

10. Depreciation Written Off @ 10% On Machine.

Solution:-

Journals	Group	Mode Of Voucher Entry
Cash Dr To Capital	- Cash In Hand - Capital	F6
Bank Dr To Cash	- Bank Account - Cash In Hand	F4
Purchase Dr To Xyz & Co.	- Purchase Account - Sundry Creditor	F9
Abc & Co. Dr To Sales	- Sundry Debtors - Sales Accounts	F8
Traveling Expenses Dr To Cash	- Expenses(Indirect) - Cash In Hand	F5
Salary Dr To Bank	- Expenses(Indirect) - Bank Account	F5
Machinery Dr To Cash	- Fixed Assets - Cash In Hand	F5
Purchase Dr To Cash	- Purchase Account - Cash In Hand	F5
Bank Dr To Sales	- Bank Account - Sales Accounts	F6
Depreciation To Machinery	- Expense (Indirect) - Fixed Assets	F7