Tally Exercise 1

T al alll y A ssi gnme gnmen n t  Exercise - 1 Company creation

Company Info (Alt + F3)  Name Mailing Name Address

Statutory Compliance for State Pin Telephone No. Email Currency symbol Maintain Financial Year from Books Beginning from Tally Vault Password Use Security Control

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create company : eg. Sagar Industries, Anirudh Enterprises etc. : eg. Sagar, Sagar Ind., Ani etc. : No. 123 1st floor, 2nd cross, Bangalore : India : Karnataka : 560 000 : optional : optional : Rs. : Accounts with Inventory : 01-04-10 : 01-04-10 : Not Applicable : No

Ledger Creation

Create the following ledger with Appropriate Group and put the opening balance. Gateway of Tally  Accounts Info  Ledger  Create Name Capital Sales Sundry Creditors Furniture General Expenses Commission Rent Bills Receivable Sundry Debtors Buildings Stock 1.4.2009 Purchase Wages Cash In Hand Cash At Bank Drawings

Under Capital Accounts Sales Account Sundry Creditors Fixed Assets Indirect Expenses Indirect Expenses Indirect Expenses Current Assets Sundry Debtors Fixed Assets Stock In Hand Purchase Accounts Direct Expenses Cash In Hand Bank Capital TOTAL

Debit ( Dr )

500 800 250 450 2,900 4,400 10,000 6,000 2,000 1,000 6,500 1,700 4,000 40,500

* closing stock 4,000 Result :

Gateway of tally  Display  Trial Balance ( Alt + F1 ) Gateway of tally  Profit & Loss A/c Gross Profit Gateway of tally  Balance Sheet

Page 1

Net Profit

Credit ( Cr ) 20,000 16,000 4,500

40,500