May 1- started business with cash Rs 30,000.
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may 1- started business with cash Rs 30,000. bought goods from sharma and company Rs 10,000. sold goods to s. sharma Rs 3,000. cash sales to hari Rs Rs 4,000. opend a current account in bank with Rs 6,000. Received cash from s. sharma Rs 2950 and allowed discount Rs 50. journal he.

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May 1 started business with cash rs 30 000 bought goods from sharma and company rs 10 000

  • may 1- started business with cash Rs 30,000.

  • bought goods from sharma and company Rs 10,000.

  • sold goods to s. sharma Rs 3,000.

  • cash sales to hari Rs Rs 4,000.

  • opend a current account in bank with Rs 6,000.

  • Received cash from s. sharma Rs 2950 and allowed discount Rs 50.


Journal he
journal he

  • jun 1- commenced business with cash Rs 20,000.

  • jun 5 – bought goods on cash Rs 2,000.

  • jun 10 – sold goods cash Rs 6,000.

  • jun 15 – deposited in bank Rs 9,000.

  • jun 20 – withdraw from bank for business for personal purpose Rs 1500.

  • jun 25 – withdraw from bank personal purpose Rs 1300.

  • jun 28 – paid rent Rs 500.

  • jun 29 – trade expense Rs 300.


You are required to prepare the journal
you are required to prepare the journal

  • Jan 1 – hira started business with capital of 2,00,000.

  • jan 5 – deposited in to bank 1,75,000.

  • jan 7 – purchased goods for cash 20,000.

  • jan 10 – sold goods for cash 12,000.

  • jan 15 goods purchased from birat store 15,000.

  • jan 19 – paid to brita store in full settlement 14,900.

  • jan 22 – goods sold to hira chandra 22,000.

  • jan 25 – receive from hari chandra 21,700 allowed discount to him 300.

  • jan 27 – withdrew from bank for business 18000.

  • jan 28 – withdrew from bank for personal use 7,000.


The following of transaction are given
the following of transaction are given.

  • may 1- goods purchase of Rs 70,000.

  • may 5 – goods purchased on credit from ram of Rs 30,000.

  • may 10 – goods sold for Rs 80,000.

  • may 15 – goods withdrew by proprietor for personal use Rs 3,000.

  • may 20 – paid to ram Rs 29,000 in full settlement of his account .


Steps to remember to keep records in tally
Steps to remember to keep records in tally.

  • Create a company

  • Create all types of ledger.

  • Voucher entry.


Starting tally
Starting tally.

  • Click on start button.

  • Select program

  • Click on tally 7.2.


Quitting tally
Quitting tally

  • You can start to exit the program from any tally screen, but tally requires all screens to be closed before it shuts down.

  • Press ESC until you see the message ‘Quit ? Yes or No


The tally start up screen

Minimize button

title bar

the tally start up screen

gateway of tally

calculator

Buttons toolbar.


May 1 started business with cash rs 30 000 bought goods from sharma and company rs 10 000

  • title bar :- displays the version number, system date and time and the tally serial number.

  • gateway of tally :- displays menus, screens and reports, and also accepts the choices and option you select to view the information as required.

  • buttons toolbar :- displays buttons that provide quick interaction with tally.

  • calculator :- used for calculator functions and ODBC server functionality. Cltr + N.

  • minimize button :- this option is used to minimize tally and work on other applications.


Creating company
Creating company. time and the tally serial number.

  • Press ESC key three time.

  • Create company 

  • New company dialog box appears.


May 1 started business with cash rs 30 000 bought goods from sharma and company rs 10 000

  • Directory :- the location where the company related information should be stored. Usually default location is C:\tally\data.

  • Name :- name of the company.

  • Address :- Address of the company.

  • Mailing name:- sub company name.

  • Email :- give the email address that will be used to email document, reports and data from tally.

  • Income tax, local sales tax and interstate sales tax number :- this is to record the range of income tax, local and inter state sales tax registration numbers.


May 1 started business with cash rs 30 000 bought goods from sharma and company rs 10 000

  • Currency symbol :- this tells the symbol to use for monetary values. By default, tally displays Rs.

  • Maintain :- 1. Account only :- financial accounts of the company only.

    2. Accounts with inventory :- Both financial accounts and inventory of the company.

  • Financial year from :- specify the financial year for this company . Tally considers 12 months from the date you give here as the financial year.

  • Books beginning from :- the date give for “ Financial year from” is automatically displayed.


May 1 started business with cash rs 30 000 bought goods from sharma and company rs 10 000

  • Tally vault :- give a password here if you want the company data to be maintained in an locked form. remember to keep this password private and known only to those who need to know. If the password is lost, your data cannot be recovered.

  • Security control :- tally has a range of security features. Yes or NO .


Loading a company
Loading a company. data to be maintained in an locked form. remember to keep this password private and known only to those who need to know. If the password is lost, your data cannot be recovered.

  • Company info select company

  • Choose the company from the list


Alter company
Alter company data to be maintained in an locked form. remember to keep this password private and known only to those who need to know. If the password is lost, your data cannot be recovered.

  • Press Alter + F3 

  • Gateway of tally company info  Alter 

  • Select the company from the list 

  • Change the information as needed

  • Accept it 


Delete company
Delete company data to be maintained in an locked form. remember to keep this password private and known only to those who need to know. If the password is lost, your data cannot be recovered.

  • Gateway of tally  company info  Alter

  • Select the company from the list 

  • Press the Alter + D

  • Accept the information for deleted.

  • Accept it 


Shut company
Shut company. data to be maintained in an locked form. remember to keep this password private and known only to those who need to know. If the password is lost, your data cannot be recovered.

  • Company info select company

  • Choose the company form list


Group
group data to be maintained in an locked form. remember to keep this password private and known only to those who need to know. If the password is lost, your data cannot be recovered.


May 1 started business with cash rs 30 000 bought goods from sharma and company rs 10 000

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To create a group
To create a group data to be maintained in an locked form. remember to keep this password private and known only to those who need to know. If the password is lost, your data cannot be recovered.

  • Gateway of tally  Account info  group

  • Group dialog box appears.


May 1 started business with cash rs 30 000 bought goods from sharma and company rs 10 000

  • Select the create from single data to be maintained in an locked form. remember to keep this password private and known only to those who need to know. If the password is lost, your data cannot be recovered.

  • Other dialog box appears.


May 1 started business with cash rs 30 000 bought goods from sharma and company rs 10 000

Type the group name and select the group, nature etc data to be maintained in an locked form. remember to keep this password private and known only to those who need to know. If the password is lost, your data cannot be recovered.

tally as ( Accept yes\no)

Y to create or N to another.


Altering group
Altering group. data to be maintained in an locked form. remember to keep this password private and known only to those who need to know. If the password is lost, your data cannot be recovered.

  • Gateway of tally  Account Info  Group single  Alter 

  • Change the information of the group as needed 

  • Accept it 


Deleting the group
Deleting the group data to be maintained in an locked form. remember to keep this password private and known only to those who need to know. If the password is lost, your data cannot be recovered.

  • Gateway of tally  Account info  Group

     Single  Alter 

  • Select the group to be deleted .

  • Press alter + D 

  • Accept the information .


Creating a ledger
Creating a ledger data to be maintained in an locked form. remember to keep this password private and known only to those who need to know. If the password is lost, your data cannot be recovered.

  • Gateway of tally  Account info  ledger

     Single create 

  • Ledger dialog box appears.


May 1 started business with cash rs 30 000 bought goods from sharma and company rs 10 000

Feed all the required information and Accept it data to be maintained in an locked form. remember to keep this password private and known only to those who need to know. If the password is lost, your data cannot be recovered.


Displaying a ledger
Displaying a ledger data to be maintained in an locked form. remember to keep this password private and known only to those who need to know. If the password is lost, your data cannot be recovered.

  • Gateway of tally  Account info ledger

     Single  display 

  • Select the ledger 


Altering a ledger
Altering a ledger data to be maintained in an locked form. remember to keep this password private and known only to those who need to know. If the password is lost, your data cannot be recovered.

  • Gateway of tally  Account info  ledger

     Single  Alter

  • Select the ledger 

  • change the required information .

  • Accept it 


Deleting a ledger
Deleting a ledger data to be maintained in an locked form. remember to keep this password private and known only to those who need to know. If the password is lost, your data cannot be recovered.

  • Gateway of tally Account info  ledger

     Single  Alter 

  • Select the ledger 

  • Choose the required information . 

  • Press Alter + D 

  • Accept the information 