Tally Inventory Tutorial: Problem - 1 (Volume-I)
Transitions: (Dt: 01.04.2014)
- Mr. Satyam started business with cash Rs. 3,00,000
- Purchased Furniture worth Rs.20,000 for business use.
- Purchased 10 computers @10,000 each for resale.
- Sold 5 Computers @12,000 each to raju& co.
- Sold 5 computers @ 12,000 each for cash.
- Paid Salaries to staff by cash Rs.1,000
- Paid rent Rs. 500
- Paid Electricity Charges Rs. 500.
Double Click on Tally Icon
Step No:2
Creation of Company
From Gateway of Tally Press Alt+F1
From Company Info Menu Select Create Company
Enter all the details of the Company
(Name, Address, Financial Year).
Read More: How to Create New Company in Tally
Step No: 3
Creation of Ledger Accounts
From-> Gateway of Tally-> Accounts Info-> Ledger-> Create
Account Name: Group
Satyam capital: Capital Account
Furniture: Fixed Assets
Purchases: Purchases Account
Sales: Sales Account
Raju& Co: Sundry Debtor
Salaries: Indirect Expenses
Rent: Indirect Expenses
E/C: Indirect Expenses
Step No.4
Creation of productor inventory
Gateway of tally-> Inventory Info-> Stock Group-> Create
Name: Traded Goods Or Finished goods
Under : Primary
Can quantities of items be added :Yes
Creation of productor inventory
Gateway of tally-> Inventory Info-> Stock Group-> Create
Name: Traded Goods Or Finished goods
Under : Primary
Can quantities of items be added :Yes
Read More: How to Create Stock Groups in Tally
Press 4 Times ESC Key
Gateway of Tally-> Inventory Info-> Units of Measure-> Create Symbol:Nos
Formal Name: Numbers
Numbers of decimal places :0
Press Esc 4 times
Gateway of tally-> Inventory Info-> Stock item -> Create
Name: Computer
Under: Select “Finished goods" from the list
Units: Select “Nos” from the list.
Set Standard Rates: Yes
Set Standard Cost:10,000
Standard selling price: 12,000
Quantity Rate Per Value
Opening Balance:
Press ESC Key 4 times
Read More: How to Create Stock Items in Tally
Step No. 5
Passing Transaction
Gateway of Tally -> Vouchers Entry
Date
|
Particulars
|
L.F.
|
Debit
|
Credit
|
1st April 2014
|
(Press F6) Receipts
Cr. Satyam Capital A/c
Dr. Cash A/c
|
3,00,000 |
3,00,000 |
|
1st April 2014
|
(Press F5) Payments
Dr. Furniture A/c
Cr. Cash A/c
|
20,000 |
20,000 |
|
1st April 2014
|
(Press F9)Purchases
Cr. Cash A/c
Dr. Purchases a/c
|
1,00,000 |
1,00,000 |
|
1st April 2014
|
(Press F8) Sales
Dr. Raju& co. etc
Cr. Sales A/c
|
60,000 |
60,000 |
|
1st April 2014
|
(Press F8)Sales
Dr. Cash A/c
Cr. Sales A/c
|
60,000 |
60,000 |
|
1st April 2014
|
(Press F5) Payments
Dr. Salaries A/c
Cr. Cash A/c
|
1,000 |
1,000 |
|
1st April 2014 |
(Press F5) Payments
Dr. Rent A/c
Cr. Cash A/c
|
500 |
500 |
|
1st April 2014 |
(Press F5)Payments
Dr. E/c A/c
Cr. Cash A/c
|
500 |
500 |
VIEW REPORTS
Gateway of Tally-> Profit & Loss (P)
Gateway of Tally-> Balance sheet (B)
Gross Profit: 20,000 Net Profit : 18,000
Balance Sheet : 3,18,000.
Gross Profit: 20,000 Net Profit : 18,000
Balance Sheet : 3,18,000.
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