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Tally Exercise 1 PDF

The document provides instructions for creating a sample company and associated ledger accounts in Tally accounting software. It includes details for setting up the company such as name, address and financial year. It also lists ledger accounts to create under appropriate groups with opening balances, including capital, sales, expenses, assets and liability accounts. The final result is to view the trial balance, profit and loss statement, and balance sheet reports in Tally.

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4K views1 page

Tally Exercise 1 PDF

The document provides instructions for creating a sample company and associated ledger accounts in Tally accounting software. It includes details for setting up the company such as name, address and financial year. It also lists ledger accounts to create under appropriate groups with opening balances, including capital, sales, expenses, assets and liability accounts. The final result is to view the trial balance, profit and loss statement, and balance sheet reports in Tally.

Uploaded by

kumarbcomca
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Tally Assignment

Exercise - 1
Company creation
Company Info (Alt + F3)  create company
Name : eg. Sagar Industries, Anirudh Enterprises etc.
Mailing Name : eg. Sagar, Sagar Ind., Ani etc.
Address : No. 123
1st floor, 2nd cross,
Bangalore
Statutory Compliance for : India
State : Karnataka
Pin : 560 000
Telephone No. : optional
Email : optional
Currency symbol : Rs.
Maintain : Accounts with Inventory
Financial Year from : 01-04-10
Books Beginning from : 01-04-10
Tally Vault Password : Not Applicable
Use Security Control : No

Ledger Creation
Create the following ledger with Appropriate Group and put the opening balance.
Gateway of Tally  Accounts Info  Ledger  Create

Name Under Debit ( Dr ) Credit ( Cr )


Capital Capital Accounts 20,000
Sales Sales Account 16,000
Sundry Creditors Sundry Creditors 4,500
Furniture Fixed Assets 500
General Expenses Indirect Expenses 800
Commission Indirect Expenses 250
Rent Indirect Expenses 450
Bills Receivable Current Assets 2,900
Sundry Debtors Sundry Debtors 4,400
Buildings Fixed Assets 10,000
Stock 1.4.2009 Stock In Hand 6,000
Purchase Purchase Accounts 2,000
Wages Direct Expenses 1,000
Cash In Hand Cash In Hand 6,500
Cash At Bank Bank 1,700
Drawings Capital 4,000
TOTAL 40,500 40,500
* closing stock 4,000

Result : Gateway of tally  Display  Trial Balance ( Alt + F1 )


Gateway of tally  Profit & Loss A/c Gross Profit Net Profit
Gateway of tally  Balance Sheet

Page 1

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