Basic Tally Notes pdf Download

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

                                                         ↓↓↓↓↓↓↓↓↓↓↓                                        ↓↓↓↓↓↓↓↓↓↓↓↓↓↓

    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

**      Two Ledgers Will Not Be Created In Tally I.E. Cash Accounts And Profit And Loss Accounts.Because These Two Ledgers Are Automatically Created By Tally Itself At The Time Of Creation Of Company.

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