TallyPrime
What is Tally?
Tally is multi-lingual Software with Accounting, Inventory and Taxation
Tally software founder Mr.Shyam sundar Goenka
Tally software Programme code creator Mr.Bharat Goenka
Programming Language used is Tally Definition Language (TDL)
Company Name is Tally Solutions Private Limited (TSPL), Bengaluru
Tally Prime - Download
TALLY OFFICIAL WEBSITE
WWW.TALLYSOLUTIONS.COM
Windows Based
WINDOWS 7, 8, 10, 11
PROCESSOR - 64 BIT OS
Download TallyPrime 2.1
Top Menu - DATA - COMPANY DATA PATH - D:\SHIVANI
& create the Company
To Alter company
Alt + K - ALTER - PH NO - ADDRESS GANDHIPURAM---> SAIBABA COLONY
To Delete the company
DELETE -TOP MENU – ALT+ K - ALTER - ALT + D FOR DELETE
ACCOUNTING CYCLE
1. JOURNAL ENTRIES
2. LEDGER
3. TRIAL BALANCE
4. TRADING ACCOUNTS
5. PROFIT AND LOSS ACCOUNTS
6. BALANCE SHEET
TallyPrime
Groups or Head or Under
Tally Software provide default or Pre-Defined 28 Groups
Out of these 15 are primary groups and 13 are secondary groups.
1
Trading Accounts Format
Dr Cr
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Particulars Particulars
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Stock in hand:
Stock in hand(opening stock)
Sales Accounts
Cash Sales
Credit Sales
Sample Sales
(-)Sales Return
Purchase Accounts:
Cash purchase
Credit purchase
Sample Purchase
(-)Purchase Return
Direct Expenses:
Wages
Factory Rent
Factory Insurance
Marine Insurance
Packing Charges
Carriage inwards
Loading & unloading Expenses
Freight Charges
Gas, Fuel and Oil Expenses
Import Duty
Power Charges
Stock in hand:
Stock in Hand(Closing stock)
Gross Profit Gross Loss
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TOTAL TOTAL
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2
Profit and Loss a/c Format
Dr Cr
==================================================================================
Particulars Particulars
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Gross Loss Gross Profit
Indirect Expenses Indirect Incomes
Salary Paid Rent Received
Discount Received Commission Received
Office Rent Paid Interest Received
Electricity Charges Profit on Asset Sales
Commission Paid Bad Debts Recovered
Interest Paid Discount Received
Telephone Expenses Other Incomes
Travelling Expenses
Audit Fees Paid
Legal Charges
Bank Charges
Discount allowed
Newspaper & Journal Expenses
Printing and Stationery Expenses
Postage and Courier Expenses
Repairs and Maintenance
Bonus Paid
Incentive Paid
Advertisement Expenses
General Office Expenses
Medical Expenses
Staffs Uniform Expenses
Entertainment Expenses
Delivery Charges
Donation Paid
Bad Debts
Depreciation
Loss on Fire of Goods
Loss on Damaged Goods
Loss on theft of Goods
Loss on asset sales
Net Profit Net Loss
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TOTAL TOTAL
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3
Sum1
Prepare the Trading and Profit&Loss Ac for the company M/S. ABINAYA ENTERPRISES in TallyPrime
FY – 1.4.2022
Books Beginning -1.4.2022
Fill the Opening Balances
Ledger Name Amount (in Rs.)
Cash Purchase Rs. 4,69,000.00
Cash Sales Rs.5,98,000.00
Credit Purchase Rs.3,78,000.00
Credit Sales Rs.9,89,000.00
Wages Rs.10,000.00
Salary Rs.60,000.00
Office Rent Rs.14,000.00
Factory Rent Rs.20,000.00
Interest Paid Rs.6,000.00
Commission Paid Rs.5,250.00
Telephone Expenses Rs.2,450.00
Travelling Expenses Rs.1,300.00
Postage and Courier Expenses Rs.1,100.00
Printing and Stationery Expenses Rs.2,050.00
Import Duty Rs.7,800.00
Marine Insurance Rs.16,000.00
Bank Charges Rs.695.00
Discount Allowed Rs. 8,800.00
Discount Received Rs.6,000.00
Commission received Rs.7,500.00
Office Expenses Rs.4,250.00
Power Charges Rs.3,500.00
Advertisement Expenses Rs.4,750.00
Electricity Charges Rs.3,000.00
To view the Report for Trading and P/L Account
Gateway of Tally - Reports - Profit and Loss Ac
Alt + F1 or Alt+ F5 For Detailed information
Questions
What is the Gross Profit / Loss?
What is the Net Profit / Loss?
What is the Total Value for Direct Expenses?
What is the Total value for Indirect Expenses?
What is the Total value for Indirect Incomes?
4
Balance Sheet
Financial Performance/Position/Status
Liabilities = Assets
Example
RAM ----> ABC enterprises<<-->Govt private,share invest-
Capital Investment
10L --------> 10L+3L(NP)=13L
---------> 10L(-)2L(NL)= 8L
Liabilities Assets
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Particulars Particulars
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Capital Accounts:
Proprietorship Capital
Partnership Capital
Share capital
(-)Drawings
Reserves and Surplus:
General Reserve
Capital Reserve
Surplus fund
Bank O/D:
Bank overdraft ----------- Statement
Current Liabilities:
Wages payable
Factory Rent payable
Lorry Freight charges payable
Salary payable
Interest Due
Commission payable
Bonus payable
Incentive payable
Sundry Creditors
Any name of suppliers or sellers or Service Providers
Loans(Liablity)
Secured Loans
Loan from Bank
5
Loan from Private Finance
Loan on Mortgage
Unsecured Loans
Hand loan from Money Lenders, Friends, Family
Branch / Divisions
Head Office
Branch Office
Provisions
Provisions for Employer Provident Fund 12%
Provision for ESIC4%
Provisions for Income Tax20%
Duties and Taxes:
VAT - Value Added Tax Petrol, Alcohol
GST - Goods and Service Tax
TDS - Tax Deducted at Sources
TCS - Tax Collected at Sources
Assets:
Fixed Assets
Land and Building
Plant and Machinery
Computer and Printer
Airconditioners
Furniture’s and Fixtures
Office Equipment’s
Lab Equipment’s
Road
Bore well
Water Tank and Pipeline
Vehicles
Goodwill apple, samsung, Lg
Trademark logo
Copyrights Information, Main Theme
Current Assets
Stock in hand (closing stock)
Cash in hand
Cash
Bank Accounts
SBI
ICICI
6
Sundry Debtors
Any Name of Customers or Buyers or Service Receiver
Deposit(Assets):
Fixed Deposit
TNEB Deposit
Telephone Deposit
Tender Deposit
Security Deposit
Loans and Advance(Assets):
Advance to Rental Building
Loans Employees
Loans Employees Education
Vehicle loan to Employees
Investments
Investment in Share , Bonds, Gold, Land
Investment in partnership firm
Investment in Government Security
