Computer Lab - Practical

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ADVANCED ACCOUNTING
FACULTY OF COMMERCE, OSMANIA UNIVERSITY
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[Link] (All Streams) I Year W.E.F.2009-10
Time: 60 Minutes Record : 10
Skill Test : 20
Total Marks : 30
Note: Problems are to be solved by using computers (Excel/Accounting package).
PROBLEM: 3

STEP:1- ENTER INTO TALLY ACCOUNTING SOFTWARE

Double click on tally icon from the desktop.

STEP:2- CREATION OF COMPANY

Navigation: Company info menu → Create ┘
( Give Name, Address, Financial Year etc)

STEP:3- CREATION OF LEDGER

Path: Gateway of Tally → Accounts info → Ledger → Multiple Ledger → Create

[Link] NAME OF SHARE UNDER

1 Ramu’s capital Capital A/c
2 Bank Bank A/c
3 Purchases Purchases A/c
4 Sales Sales A/c
5 Hrithik Sundry Cr
6 Mohan Sundry Dr

STEP:4- ENTERING TRANSACTIONS INTO VOUCHER

Path: Gateway of Tally → Accounting Voucher

Date Particular L.F. Debit Credit

(Receipt Voucher) i.e. F6
By. Ramu’s capital A/c --------------- Dr 25,000
To Cash A/c 25,000
(Contra Voucher) i.e. F4
By. Bank A/c --------------------------- Dr 20,000
To Cash A/c 20,000
(Receipt Voucher) i.e. F5
By. Purchases A/c --------------------- Dr 3,000
To Cash A/c 3,000
(Receipt Voucher) i.e. F6
8,000
By. Cash A/c --------------------------- Dr
8,000
To Sales A/c
(Receipt Voucher) i.e. F5

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ADVANCED ACCOUNTING
By. Hrithik A/c ------------------------ Dr 5,000
To Cash A/c 5,000
(Receipt Voucher) i.e. F6
By. Cash A/c --------------------------- Dr 6,000
To Mohan A/c 6,000

STEP:5- DISPLAY RESULT

Path: Gateway of Tally → Reports → Display → Accounts Books → Cash Books
→ Gateway of Tally → Report → Balance Sheet.

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ADVANCED ACCOUNTING
PROBLEM: 4

STEP:1- ENTER INTO TALLY ACCOUNTING SOFTWARE

Double click on tally icon from the desktop.

STEP:2- CREATION OF COMPANY

Navigation: Company info menu → Create ┘
( Give Name, Address, Financial Year etc)

STEP:3- CREATION OF LEDGER

Path: Gateway of Tally → Accounts info → Ledger → Multiple Ledger → Create

[Link] NAME OF LEDGER UNDER GROUP OPENING BALANCE

1 Bank Bank a/c 20,000
2 Rajesh Sundry Cr -------
3 Mahesh babu Sundry Cr -------
4 Ragini Sundry Dr -------
5 Sneha Sundry Dr -------

Press Four times (Esc) and Accept YES to Save

Press (Esc) and Return to Gateway of Tally

STEP:4- ENTERING TRANSACTIONS INTO VOUCHER

Path: Gateway of Tally → Accounting Voucher

Date Particular L.F. Debit Credit

(Contra Voucher) i.e. F4
By. Rajesh A/c ------------------------- Dr 10,000
To Bank A/c 10,000
(Receipt Voucher) i.e. F4
By mohan babu A/c ------------------- Dr 25,000
To Bank A/c 25,000
(Contra Voucher) i.e. F4
By. Bank A/c -------------------- Dr 38,000
To Ragini A/c 38,000
(Contra Voucher) i.e. F4
50,000
By. Bank A/c -------------------------- Dr
50,000
To Sneha A/c

STEP:5- DISPLAY RESULT

Path: Gateway of Tally → Reports → Display → Accounts Books → Cash Books
→ Gateway of Tally → Report → Balance Sheet.

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 Computer Lab - Practical
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ADVANCED ACCOUNTING
PROBLEM: 5
STEP: 1- ENTER INTO TALLY ACCOUNTING SOFTWARE
Double click on tally icon from the desktop.

STEP: 2- CREATION OF COMPANY

Navigation: Company info menu → Create ┘
(Give Name, Address, Financial Year etc)

STEP: 3- CREATION OF LEDGER

Path: Gateway of Tally → Accounts info → Ledger → Multiple Ledger → Create
[Link] NAME OF LEDGER UNDER GROUP OPENING BALANCE
1 Purchases A/c Purchases a/c ----------
2 Vijay’s A/c Sundry debtors ----------
3 Discount allowed A/c Indirect expenses ----------
4 Anand’s A/c Sundry creditors ----------
5 Discount received A/c Indirect income ----------
Press Four times (Esc) and Accept YES to Save
Press (Esc) and Return to Gateway of Tally

STEP: 4- ENTERING TRANSACTIONS INTO VOUCHER

Path: Gateway of Tally → Accounting Voucher
Date Particular L.F. Debit Credit
(Payment Voucher) i.e. F5
By. Purchases A/c --------------------Dr. 4,750
To. Cash A/c 4,750
(Payment Voucher) i.e. F6
By. Cash A/c ---------------------------Dr. 2,646
To. vijay’s A/c 2,646
(Payment Voucher) i.e. F7
By. Discount allowed A/c ------------Dr. 54
To. vijay’s A/c 54
(Payment Voucher) i.e. F5
By. Anand’s A/c -----------------------Dr.
5,292
To. Cash A/c
5,292
(Receipt Voucher) i.e. F7
By. Anand’s A/c -----------------------Dr. 108
To. Discount received A/c 108

STEP: 5- DISPLAY RESULT

Trade discount is not recorded in books of accounts.
Vijay’s a/c is credited with 2700.
Anad’s a/c is debited wuth 5400

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ADVANCED ACCOUNTING
PROBLEM: 6

STEP:1- ENTER INTO TALLY ACCOUNTING SOFTWARE

Double click on tally icon from the desktop.

STEP:2- CREATION OF COMPANY

Navigation: Company info menu → Create ┘
( Give Name, Address, Financial Year etc)

STEP:3- CREATION OF LEDGER

Path: Gateway of Tally → Accounts info → Ledger → Multiple Ledger → Create

[Link] NAME OF LEDGER UNDER GROUP OPENING BALANCE

1 Furniture Fixed asset 10,000
2 Machinery Fixed asset 50,000
3 Building Fixed asset 10,000
4 Capital Capital a/c 15,000
5 Bills payable Current liability 30,000
6 Trade Dr Sundry Dr 80,000
7 Trade Cr Sundry Cr 65,000

Press Four times (Esc) and Accept YES to Save

Press (Esc) and Return to Gateway of Tally

STEP:4- NOTE:
Path: Gateway of Tally → Accounting Info → Ledger → Alter → Cash

STEP:5- DISPLAY RESULT

Path: Gateway of Tally → Display → Balance Sheet.

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ADVANCED ACCOUNTING
PROBLEM: 7

STEP:1- ENTER INTO TALLY ACCOUNTING SOFTWARE

Double click on tally icon from the desktop.

STEP:2- CREATION OF COMPANY

Navigation: Company info menu → Create ┘
( Give Name, Address, Financial Year etc)

STEP:3- CREATION OF LEDGER

Path: Gateway of Tally → Accounts info → Ledger → Multiple Ledger → Create

[Link] NAME OF LEDGER UNDER GROUP OPENING BALANCE

1 Capital Capital A/c ----------
2 SBI Bank A/c ----------
3 Purchases Purchases A/c ----------
4 Sales Sales A/c ----------
5 Rent Indirect Expenses A/c ----------

Press Four times (Esc) and Accept YES to Save

Press (Esc) and Return to Gateway of Tally

STEP:4- ENTERING TRANSACTIONS INTO VOUCHER

Path: Gateway of Tally → Accounting Voucher

Date Particular L.F. Debit Credit

(Receipt Voucher) i.e. F6
By. Capital A/c ------------------------Dr. 75,000
To. Cash A/c 75,000
(Contra Voucher) i.e. F4
By. SBI A/c ----------------------------Dr. 10,000
To. Cash A/c 10,000
(Payment Voucher) i.e. F5
By. Purchase A/c ----------------------Dr. 5,000
To. Cash A/c 5,000
(Receipt Voucher) i.e. F6
6,000
By. Cash A/c
6,000
To. Sales A/c
(Payment Voucher) i.e. F5
By. Rent A/c 600
To. Cash A/c 600

STEP:5- DISPLAY RESULT

Path: Gateway of Tally → Reports → Display → Accounts Books → Cash Book

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ADVANCED ACCOUNTING

PROBLEM: 8
STEP:1- ENTER INTO TALLY ACCOUNTING SOFTWARE
Double click on tally icon from the desktop.

STEP:2- CREATION OF COMPANY

Navigation: Company info menu → Create ┘

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ADVANCED ACCOUNTING
( Give Name, Address, Financial Year etc)

STEP:3- CREATION OF LEDGER

Path: Gateway of Tally → Accounts info → Ledger → Multiple Ledger → Create

[Link] NAME OF LEDGER UNDER GROUP OPENING BALANCE

1 Capital Capital A/c 200000
2 Machinery Fixed assets A/c 100000
3 Purchases Purchases A/c ----------
4 Sales Sales A/c ----------
5 Nikhil Sundry Dr ----------
6 Salaries Indirect Exp ----------
7 Selling Exp Indirect Exp ----------

Press Four times (Esc) and Accept YES to Save

Press (Esc) and Return to Gateway of Tally

STEP:4- ENTERING TRANSACTIONS INTO VOUCHER

Path: Gateway of Tally → Accounting Voucher
Date Particular L.F. Debit Credit
(Payment Voucher) i.e. F5
By. Capital A/c ------------------------Dr. 4,500
To. Cash A/c 4,500
(Receipt Voucher) i.e. F6
By. SBI A/c ----------------------------Dr. 11,500
To. Cash A/c 11,500
(Sales Voucher) i.e. F8
By. Purchase A/c ----------------------Dr. 17,000
To. Cash A/c 17,000
(Payment Voucher) i.e. F5
3,000
By. Cash A/c
3,000
To. Sales A/c
(Payment Voucher) i.e. F5
By. Rent A/c 1,500
To. Cash A/c 1,500
STEP:5- DISPLAY RESULT
Path: Gateway of Tally → Display → Profit & loss and Balance Sheet.
PROBLEM: 13

STEP:1- ENTER INTO TALLY ACCOUNTING SOFTWARE

Double click on tally icon from the desktop.

STEP:2- CREATION OF COMPANY

Navigation: Company info menu → Create ┘

[Link]
 Computer Lab - Practical
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ADVANCED ACCOUNTING
( Give Name, Address, Financial Year etc)

STEP:3- CREATION OF LEDGER

Path: Gateway of Tally → Accounts info → Ledger → Multiple Ledger → Create

[Link] NAME OF LEDGER UNDER GROUP OPENING BALANCE

1 Capital Capital a/c 60,000
2 Motor car Fixed asset 20,000
3 Machinery Fixed assets 10,000
4 Sundry Dr Sundry Dr 15,000
5 Purchases Purchases ----------
6 Sales Sales a/c ----------
7 Wages Indirect Exp ----------
8 Salaries Indirect Exp ----------
9 Insurance paid Indirect Exp ----------
10 Commission paid Indirect Exp ----------
11 Furniture Fixed asset ----------
12 Outstanding wages Current liability ----------
13 Outstanding salaries Current liability ----------
14 Prepaid insurance Current liability ----------

Press Four times (Esc) and Accept YES to Save

Press (Esc) and Return to Gateway of Tally

STEP:4- ENTERING TRANSACTIONS INTO VOUCHER

Path: Gateway of Tally → Accounting Voucher
Date Particular L.F. Debit Credit
(Payment Voucher) i.e. F5
By. Wages A/c ------------------------Dr. 2,000
To. Cash A/c 2,000
(Receipt Voucher) i.e. F5
By. Salaries A/c ------------------------Dr. 3,000
To. Cash A/c 3,000
(Sales Voucher) i.e. F5
By. Insurance A/c 500
----------------------Dr. 500
To. Cash A/c
200
(Payment Voucher) i.e. F5
200
By. Commision A/c -------------------Dr.
To. Cash A/c
20,000
(ReceiptVoucher) i.e. F6 20,000
By. Cash A/c ---------------------------Dr.
To. Sales A/c 12,000
(Payment Voucher) i.e. F5 12,000
By. Purchase A/c ----------------------Dr.

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ADVANCED ACCOUNTING
To. Cash A/c
(Payment Voucher) i.e. F5 2,300
By. Furniture A/c ----------------------Dr. 2,300
To. Cash A/c
(Journal Voucher) i.e. F7
By. Wages A/c -------------------------Dr. 500
To. Outstanding Wages A/c 500
(Journal Voucher) i.e. F7
100
By. Salaries A/c ------------------------Dr.
100
To. Outstanding Salaries A/c
(Journal Voucher) i.e. F7 100
By. Insurance A/c 100
----------------------Dr.
To. Prepaid Insurance A/c

STEP:5- NOTE:
Path: Gateway of Tally → Accounting Info → Ledger → Alter → Cash

STEP:6- DISPLAY RESULT

Path: Gateway of Tally → Display → Profit & loss and Balance

PROBLEM: 16

STEP:1- ENTER INTO TALLY ACCOUNTING SOFTWARE

Double click on tally icon from the desktop.

[Link]
 Computer Lab - Practical
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ADVANCED ACCOUNTING

STEP:2- CREATION OF COMPANY

Navigation: Company info menu → Create ┘
( Give Name, Address, Financial Year etc)

STEP:3- CREATION OF LEDGER

Path: Gateway of Tally → Accounts info → Ledger → Multiple Ledger → Create

[Link] NAME OF LEDGER UNDER GROUP OPENING BALANCE

1 Capital Capital A/c ----------
2 Stationary Indirect Exp ----------
3 Machinery Fixed assets ----------
4 Purchases Purchases ----------
5 Sales Sales A/c ----------
6 Rent Indirect Exp ----------
7 Salaries Indirect Exp ----------
8 Commission received Indirect income ----------
9 Furniture Fixed asset ----------
10 Outstanding rent Current liability ----------
11 Outstanding salaries Current liability ----------
12 Outstanding machinery Current asset ----------
13 Depreciation Indirect Exp ----------

Press Four times (Esc) and Accept YES to Save

Press (Esc) and Return to Gateway of Tally

STEP:4- ENTERING TRANSACTIONS INTO VOUCHER

Path: Gateway of Tally → Accounting Voucher
Date Particular L.F. Debit Credit
(Receipt Voucher) i.e. F6
By. Capital A/c ------------------------Dr. 60,000
To. Cash A/c 60,000
(Payment Voucher) i.e. F5
By. Salaries A/c ------------------------Dr. 70,000
To. Cash A/c 70,000
(Payment Voucher) i.e. F5
By. Rent A/c ----------------------Dr. 30,000
To. Cash A/c 30,000
(Payment Voucher) i.e. F5
5,000
By. Stationary A/c -------------------Dr.
To. Cash A/c
5,000
(Payment Voucher) i.e. F5
By. Furniture A/c ----------------------Dr. 46,000
To. Cash A/c 46,000
(Payment Voucher) i.e. F5

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ADVANCED ACCOUNTING
By. Purchase A/c ----------------------Dr.
To. Cash A/c 84,000
(Payment Voucher) i.e. F5 84,000
By. Machinery A/c --------------------Dr.
To. Cash A/c 81,000
(Receipt Voucher) i.e. F6 81,000
By. Cash A/c -------------------------Dr.
To. Commission received A/c
10,000
(Receipt Voucher) i.e. F6
10,000
By. Cash A/c ------------------------Dr.
To. Sales A/c
16,500
(Journal Voucher) i.e. F7 16,500
By. Rent A/c ----------------------Dr.
To. Outstanding rent A/c 1,000
(Journal Voucher) i.e. F7 1,000
By. Furniture A/c ----------------------Dr.
To. Depreciation A/c 23,000
(Journal Voucher) i.e. F7 23,000
By. Machinery A/c --------------------Dr.
To. Depreciation A/c 3,240
3,240

STEP:5- NOTE:
Path: Gateway of Tally → Accounting Info → Ledger → Alter → Cash

STEP:6- DISPLAY RESULT

Path: Gateway of Tally → Display → Profit & loss and Balance

PROBLEM: 20

STEP:1- ENTER INTO TALLY ACCOUNTING SOFTWARE

Double click on tally icon from the desktop.

[Link]
 Computer Lab - Practical
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ADVANCED ACCOUNTING

STEP:2- CREATION OF COMPANY

Navigation: Company info menu → Create ┘
( Give Name, Address, Financial Year etc)

STEP:3- CREATION OF LEDGER

Path: Gateway of Tally → Accounts info → Ledger → Multiple Ledger → Create

[Link] NAME OF LEDGER UNDER GROUP OPENING BALANCE

1 Manisha’s capital Capital A/c ----------
2 Carriage on purchase Direct Exp ----------
3 Purchases Purchase A/c ----------
4 Sales Sales A/c ----------
5 Mr. Raju Sundry Dr ----------
6 Salaries Indirect Exp ----------

Press Four times (Esc) and Accept YES to Save

Press (Esc) and Return to Gateway of Tally

STEP:4- ENTERING TRANSACTIONS INTO VOUCHER

Path: Gateway of Tally → Accounting Voucher
Date Particular L.F. Debit Credit
(Receipt Voucher) i.e. F6
By. Manisha’s capital A/c ------------Dr. 5,00,000
To. Cash A/c 5,00,000
(Sales Voucher) i.e. F8
By. Colour TV’s A/c ------------------Dr. 2,25,000
To. Cash A/c 2,25,000
(Journal Voucher) i.e. F7
By. Carriage on pur A/c --------------Dr. 2,000
To. Cash A/c 2,000
(Sales Voucher) i.e. F8
2,00,000
By. Cash A/c -------------------Dr.
2,00,000
To. C TV’s A/c
(Sales Voucher) i.e. F8 60,000
By. Mr Raju A/c ----------------------Dr. 60,000
To. C TV’s A/c
(Payment Voucher) i.e. F5
By. Salaries A/c ----------------------Dr. 1,000
To. Cash A/c 1,000
(Journal Voucher) i.e. F7
By. Closing stock A/c -----------------Dr. 3,00,000
To. Trading stock A/c 3,00,000

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ADVANCED ACCOUNTING
STEP: 5- DISPLAY RESULT
Path: Gateway of Tally → Display → Profit & loss and Balance

PROBLEM: 21

STEP: 1- ENTER INTO TALLY ACCOUNTING SOFTWARE

Double click on tally icon from the desktop.

[Link]
 Computer Lab - Practical
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ADVANCED ACCOUNTING
STEP: 2- CREATION OF COMPANY
Navigation: Company info menu → Create ┘
(Give Name, Address, Financial Year etc)

STEP: 3- CREATION OF LEDGER

Path: Gateway of Tally → Accounts info → Ledger → Multiple Ledger → Create

[Link] NAME OF LEDGER UNDER GROUP OPENING BALANCE

1 Sunitha’s cap a/c Capital a/c ----------
2 Furniture a/c Fixed assets ----------
3 Computer a/c Fixed assets ----------
4 Purchases a/c Purchases a/c ----------
5 Tvs ltd’s a/c Sundry creditors ----------
6 Sales a/c Sales a/c ----------
7 Sunil’s a/c Sundry debtors ----------
8 Salaries a/c Indirect expense ----------
9 Rent a/c Indirect Expenses ----------

Press Four times (Esc) and Accept YES to Save

Press (Esc) and Return to Gateway of Tally

STEP: 4- ENTERING TRANSACTIONS INTO VOUCHER

Path: Gateway of Tally → Accounting Voucher
Date Particular L.F. Debit Credit
(Receipt Voucher) i.e. F6
By. Cash A/c ---------------------------Dr. 5,00,000
To. Sunitha’s capital A/c 5,00,000
(Payment Voucher) i.e. F5
By. Furniture A/c ----------------------Dr. 20,000
To. Cash A/c 20,000
(Payment Voucher) i.e. F5
By. Computer A/c ---------------------Dr.
To. Cash A/c 10,000
10,000
(Purchase Voucher) i.e. F9
By. Purchases A/c --------------------Dr.
50,000
To. Tv’s ltd’s A/c
50,000
(Payment Voucher) i.e. F5
By. Purchases A/c ---------------------Dr. 2,00,000
To. Cash A/c 2,00,000
(Receipt Voucher) i.e. F6
By. Cash A/c ---------------------------Dr. 60,000
To. Sales A/c 60,000
(Sales Voucher) i.e. F8
By. Sunil’s A/c -------------------------Dr. 2,50,000

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ADVANCED ACCOUNTING
To. Sales A/c 2,50,000
(Payment Voucher) i.e. F5
By. Tvs ltd’s A/c -----------------------Dr. 50,000
To. Cash A/c 50,000
(Receipt Voucher) i.e. F6
By. Cash A/c ---------------------------Dr.
To. Sunil’s A/c 2,50,000
2,50,000
(Payment Voucher) i.e. F5
By. Salaries A/c ------------------------Dr.
1,000
To. Cash A/c
1,000
(Payment Voucher) i.e. F5
By. Rent A/c 1,500
----------------------------Dr. 1,500
To. Cash A/c

STEP: 5 - DISPLAY RESULT

Path: Gateway of Tally → Display → Balance Sheet.
Path: Gateway of Tally → Display → Profit & Loss A/c.

PROBLEM: 22

STEP: 1- ENTER INTO TALLY ACCOUNTING SOFTWARE

Double click on tally icon from the desktop.

[Link]
 Computer Lab - Practical
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ADVANCED ACCOUNTING

STEP: 2- CREATION OF COMPANY

Navigation: Company info menu → Create ┘
(Give Name, Address, Financial Year etc)

STEP: 3- CREATION OF LEDGER

Path: Gateway of Tally → Accounts info → Ledger → Multiple Ledger → Create

[Link] NAME OF LEDGER UNDER GROUP OPENING BALANCE

1 Karthik’s capital a/c Capital A/c ----------
2 Purchases a/c Purchases A/c ----------
3 Manoj’s a/c Sundry creditors ----------
4 Salaries a/c Indirect expenses ----------
5 Rent a/c Indirect expenses ----------

Press Four times (Esc) and Accept YES to Save

Press (Esc) and Return to Gateway of Tally

STEP: 4- ENTERING TRANSACTIONS INTO VOUCHER

Path: Gateway of Tally → Accounting Voucher
Date Particular L.F. Debit Credit
(Receipt Voucher) i.e. F6
By. Cash A/c ---------------------------Dr. 3,00,000
To. Cash A/c 3,00,000
(Payment Voucher) i.e. F5
By. Purchases A/c ---------------------Dr. 1,50,000
To. Cash A/c 1,50,000
(Purchase Voucher) i.e. F9
By. Purchases A/c ---------------------Dr. 1,50,000
To. Cash A/c 1,50,000
(Receipt Voucher) i.e. F6
3,24,000
By. Cash A/c ---------------------------Dr.
3,24,000
To. Cash A/c
(Payment Voucher) i.e. F5
By. Salaries A/c ------------------------Dr. 1,000
To. Sales A/c 1,000
(Payment Voucher) i.e. F5
By. Rent A/c 1,000
----------------------------Dr. 1,000
To. Cash A/c

STEP: 5 - CLOSING STOCK

Click on stock info and enter Rs. 27,000
Path: Gateway of Tally → Stock info → C TV Group

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ADVANCED ACCOUNTING

STEP: 6 - DISPLAY RESULT

Path: Gateway of Tally → Display → Profit & Loss A/c.

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ADVANCED ACCOUNTING
PROBLEM: 23

STEP:1- ENTER INTO TALLY ACCOUNTING SOFTWARE

Double click on tally icon from the desktop.

STEP:2- CREATION OF COMPANY

Navigation: Company info menu → Create ┘
(Give Name, Address, Financial Year etc)

STEP:3- CREATION OF LEDGER

Path: Gateway of Tally → Accounts info → Ledger → Multiple Ledger → Create

[Link] NAME OF LEDGER UNDER GROUP OPENING BALANCE

1 Sales Sales a/c ----------
2 Birla traders Sundry Dr ----------
3 Kamlesh& sons Sundry Dr ----------
4 Malik & bros Sundry Dr ----------
5 Little Roses Ltd Sundry Dr ----------

Press Four times (Esc) and Accept YES to Save

Press (Esc) and Return to Gateway of Tally

STEP:4- ENTERING TRANSACTIONS INTO VOUCHER

Path: Gateway of Tally → Accounting Voucher
Date Particular L.F. Debit Credit
(Receipt Voucher) i.e. F6
By. Birla traders A/c ------------------Dr. 2,000
To. Sales A/c 2,000
(Receipt Voucher) i.e. F6
By. Kamlesh & sons A/c -------------Dr. 2,000
To. Sales A/c 2,000
(Receipt Voucher) i.e. F6
By. Malik & bros A/c -----------------Dr. 2,000
To. Sales A/c 2,000
(Receipt Voucher) i.e. F6
By. Birla traders A/c ------------------Dr.
6500
To. Sales A/c
6,500
(Receipt Voucher) i.e. F6
By. Little Roses Ltd A/c --------------Dr. 5600
To. Sales A/c 5,600

STEP: 5- DISPLAY RESULT

Path: Gateway of Tally → Display → Sales Book

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 Computer Lab - Practical
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ADVANCED ACCOUNTING
PROBLEM: 24

STEP: 1- ENTER INTO TALLY ACCOUNTING SOFTWARE

Double click on tally icon from the desktop.

STEP: 2- CREATION OF COMPANY

Navigation: Company info menu → Create ┘
(Give Name, Address, Financial Year etc)

STEP: 3- CREATION OF LEDGER

Path: Gateway of Tally → Accounts info → Ledger → Multiple Ledger → Create

[Link] NAME OF LEDGER UNDER GROUP OPENING BALANCE

1 Purchases Purchases A/c ----------
2 Gupta Sundry Cr ----------
3 Vijay Sundry Cr ----------
4 Gopi Sundry Cr ----------
5 Ram Sundry Cr ----------
6 Shashi Sundry Cr ----------
7 Godrej Ltd Sundry Cr ----------

Press Four times (Esc) and Accept YES to Save

Press (Esc) and Return to Gateway of Tally

STEP: 4- ENTERING TRANSACTIONS INTO VOUCHER

Path: Gateway of Tally → Accounting Voucher
Date Particular L.F. Debit Credit
(Payment Voucher) i.e. F5
By. Purchases A/c ---------------------Dr. 10,000
To. Gupta A/c 10,000
(Payment Voucher) i.e. F5
By. Purchases A/c ---------------------Dr. 5,000
To. Vijay A/c 5,000
(Payment Voucher) i.e. F5
By. Purchases A/c ---------------------Dr. 2,000
To. Gopi A/c 2,000
(Payment Voucher) i.e. F5
5,000
By. Purchases A/c ---------------------Dr.
5,000
To. Ram A/c
(Payment Voucher) i.e. F5
By. Purchases A/c ---------------------Dr. 20,000
To. Shashi A/c 20,000
(Payment Voucher) i.e. F5
By. Purchases A/c ---------------------Dr. 12,000

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ADVANCED ACCOUNTING
To. Godrej Ltd A/c 12,000
(Payment Voucher) i.e. F5
By. Purchases A/c ---------------------Dr. 3,000
To. cash A/c 3,000

STEP: 5- DISPLAY RESULT

Path: Gateway of Tally → Display → Purchase Book

PROBLEM: 28

STEP: 1- ENTER INTO TALLY ACCOUNTING SOFTWARE

Double click on tally icon from the desktop.

[Link]
 Computer Lab - Practical
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ADVANCED ACCOUNTING
STEP: 2- CREATION OF COMPANY
Navigation: Company info menu → Create ┘
(Give Name, Address, Financial Year etc)

STEP: 3- CREATION OF LEDGER

Path: Gateway of Tally → Accounts info → Ledger → Multiple Ledger → Create

[Link] NAME OF LEDGER UNDER GROUP OPENING BALANCE

1 Bank Bank a/c ----------
2 Rajkumar Sundry Cr ----------
3 Rajni Sundry Dr ----------
4 Ramakant Sundry Cr ----------
5 Sneha Sundry Dr ----------

Press Four times (Esc) and Accept YES to Save

Press (Esc) and Return to Gateway of Tally

STEP: 4- ENTERING TRANSACTIONS INTO VOUCHER

Path: Gateway of Tally → Accounting Voucher
Date Particular L.F. Debit Credit
(Contra Voucher) i.e. F4
By. Bank A/c --------------------------Dr. 2,00,000
To. Cash A/c 2,00,000
(Contra Voucher) i.e. F4
By. Rajkumar A/c ---------------------Dr. 25,000
To. Bank A/c 25,000
(Contra Voucher) i.e. F4
By. Bank A/c ---------------------------Dr. 25,000
To. Rajni A/c 25,000
(Contra Voucher) i.e. F4
By. Ramakant A/c ---------------------Dr.
10,000
To. Bank A/c
10,000
(Contra Voucher) i.e. F4
By. Bank A/c ---------------------Dr. 8,000
To. Sneha A/c 8,000

STEP: 5- DISPLAY RESULT

Path: Gateway of Tally → Display → Balance Sheet.

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 Computer Lab - Practical
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ADVANCED ACCOUNTING

PROBLEM: 30

STEP: 1- ENTER INTO TALLY ACCOUNTING SOFTWARE

Double click on tally icon from the desktop.

STEP: 2- CREATION OF COMPANY

Navigation: Company info menu → Create ┘

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 Computer Lab - Practical
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ADVANCED ACCOUNTING
(Give Name, Address, Financial Year etc)

STEP: 3- CREATION OF LEDGER

Path: Gateway of Tally → Accounts info → Ledger → Multiple Ledger → Create

[Link] NAME OF LEDGER UNDER GROUP OPENING BALANCE

1 Capital A/c Capital A/c 5,00,000 Cr.
2 Sundry Creditors A/c Sundry Creditors 50,000 Cr.
3 Bank loan A/c Bank A/c 50,000 Cr.
4 Buildings A/c Fixed assets 4,00,000 Dr.
5 Sundry Debtors A/c Sundry Debtors 1,00,000 Dr.
6 motor car A/c Fixed assets 1,00,000 Dr.

Press Four times (Esc) and Accept YES to Save

Press (Esc) and Return to Gateway of Tally

STEP: 4- ENTERING TRANSACTIONS INTO VOUCHER

Path: Gateway of Tally → Accounting Voucher

STEP: 5 - DISPLAY RESULT

Path: Gateway of Tally → Display → Trial Balance.

PROBLEM: 31

STEP: 1- ENTER INTO TALLY ACCOUNTING SOFTWARE

Double click on tally icon from the desktop.

STEP: 2- CREATION OF COMPANY

Navigation: Company info menu → Create ┘

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 Computer Lab - Practical
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ADVANCED ACCOUNTING
(Give Name, Address, Financial Year etc)

STEP: 3- CREATION OF LEDGER

Path: Gateway of Tally → Accounts info → Ledger → Multiple Ledger → Create

[Link] NAME OF LEDGER UNDER GROUP OPENING BALANCE

1 Bank Bank a/c ----------
2 Chiru Sundry Cr ----------
3 Rajni Sundry Dr ----------
4 Ramakant Sundry Cr ----------
5 Sneha Sundry Dr ----------
6 Carriage on purchase Direct Exp ----------
7 Stationary Indirect Exp ----------
8 Machinery Fixed assets ----------
9 Purchases Purchases ----------
10 Sales Sales a/c ----------
11 Rent Indirect Exp ----------
12 Salaries Indirect Exp ----------
13 Commission received Indirect income ----------
14 Furniture Fixed asset ----------
15 Rajkumar Sundry Cr ----------

Press Four times (Esc) and Accept YES to Save

Press (Esc) and Return to Gateway of Tally

STEP: 4- ENTERING TRANSACTIONS INTO VOUCHER

Path: Gateway of Tally → Accounting Voucher
Date Particular L.F. Debit Credit
(Contra Voucher) i.e. F4
By. Bank A/c --------------------------Dr. 2,00,000
To. Cash A/c 2,00,000
(Contra Voucher) i.e. F4
By. Rajkumar A/c ---------------------Dr. 25,000
To. Bank A/c 25,000
(Contra Voucher) i.e. F4
By. SBI A/c ---------------------------Dr. 10,000
To. Cash A/c 10,000
(Contra Voucher) i.e. F4
25,000
By. Bank A/c ---------------------Dr.
25,000
To. Rajni A/c
(Contra Voucher) i.e. F4 250
By. Bank charges A/c -----------------Dr. 250
To. Bank A/c
(Contra Voucher) i.e. F4 25,000
By. Chiru A/c --------------------------Dr.

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 Computer Lab - Practical
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ADVANCED ACCOUNTING
To. Bank A/c 25,000
(Contra Voucher) i.e. F4
By. Salaries A/c ------------------------Dr. 3,500
To. Bank A/c 3,500
(Contra Voucher) i.e. F4
By. Cash A/c ---------------------------Dr.
To. Bank A/c 4,000
4,000
(Contra Voucher) i.e. F4
By. Ramakant A/c ---------------------Dr.
10,000
To. Bank A/c
10,000
(Contra Voucher) i.e. F4
By. Bank A/c ---------------------------Dr. 8,000
To. Sneha A/c 8,000
(Payment Voucher) i.e. F5
By. Commission A/c ------------------Dr. 200
To. Cash A/c 200
(Payment Voucher) i.e. F5
By. Salaries A/c ------------------------Dr. 70,000
To. Cash A/c 70,000
(Payment Voucher) i.e. F6
By. Birla traders A/c ------------------Dr.
To. Sales A/c 6,500
6,500
(Receipt Voucher) i.e. F6
By. Little Roses Ltd A/c --------------Dr.
5,600
To. Sales A/c
5,600
(Payment Voucher) i.e. F5
By. RentA/c ----------------------------Dr. 30,000
To. cash A/c 30,000
(Payment Voucher) i.e. F5
By. Stationary A/c ---------------------Dr. 5,000
To. cash A/c 5,000
(Payment Voucher) i.e. F5
By. Furniture A/c ---------------------Dr. 4,60,000
To. cash A/c 4,60,000
(Payment Voucher) i.e. F5
By. Purchases A/c ---------------------Dr.
To. cash A/c 84,000
(Payment Voucher) i.e. F5 84,000
By. Machinery A/c --------------------Dr.
To. cash A/c 81,000
81,000
(Receipt Voucher) i.e. F6
By. Cash A/c ---------------------------Dr.
10,000
To. Commission received A/c
10,000

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 Computer Lab - Practical
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ADVANCED ACCOUNTING

STEP: 5- DISPLAY RESULT

Path: Gateway of Tally → Display → Balance Sheet.

PROBLEM: 35

STEP: 1- ENTER INTO TALLY ACCOUNTING SOFTWARE

Double click on tally icon from the desktop.

STEP: 2- CREATION OF COMPANY

Navigation: Company info menu → Create ┘
(Give Name, Address, Financial Year etc)

STEP: 3- CREATION OF LEDGER

Path: Gateway of Tally → Accounts info → Ledger → Multiple Ledger → Create

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 Computer Lab - Practical
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ADVANCED ACCOUNTING
[Link] NAME OF LEDGER UNDER GROUP OPENING BALANCE
1 Priyanka’s capital A/c Capital a/c ----------
2 Bank Bank a/c 20,000
3 Purchasers Purchases a/c ----------
4 Furniture Fixed assets ----------
5 Office rent Indirect Exp ----------
6 Sales Sales a/c ----------

Press Four times (Esc) and Accept YES to Save

Press (Esc) and Return to Gateway of Tally

STEP: 4- ENTERING TRANSACTIONS INTO VOUCHER

Path: Gateway of Tally → Accounting Voucher
Date Particular L.F. Debit Credit
(Payment Voucher) i.e. F6
By. Priyanka’s cap A/c ---------------Dr. 3,00,000
To. Cash A/c 3,00,000
(Contra Voucher) i.e. F4
By. furniture A/c -----------------------Dr. 3,000
To. Bank A/c 3,000
(Payment Voucher) i.e. F5
By. Office rent A/c --------------------Dr. 500
To. Cash A/c 500
(Payment Voucher) i.e. F5
By. Purchases A/c ---------------------Dr.
15,000
To. Cash A/c
15,000
(Receipt Voucher) i.e. F6
By. Cash A/c ---------------------------Dr. 5,000
To. Sales A/c 5,000

STEP: 5- DISPLAY RESULT

Path: Gateway of Tally → Display → Cash Book.
PROBLEM: 36

STEP: 1- ENTER INTO TALLY ACCOUNTING SOFTWARE

Double click on tally icon from the desktop.

STEP: 2- CREATION OF COMPANY

Navigation: Company info menu → Create ┘
(Give Name, Address, Financial Year etc)

STEP: 3- CREATION OF LEDGER

Path: Gateway of Tally → Accounts info → Ledger → Multiple Ledger → Create

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 Computer Lab - Practical
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ADVANCED ACCOUNTING
[Link] NAME OF LEDGER UNDER GROUP OPENING BALANCE
1 Raju’s capital A/c Capital A/c ----------
2 Bank A/c Bank A/c ----------
3 Purchases A/c Purchases A/c ----------
4 Sales A/c Sales A/c ----------
5 Somu’s A/c Sundry creditors ----------

Press Four times (Esc) and Accept YES to Save

Press (Esc) and Return to Gateway of Tally

STEP: 4- ENTERING TRANSACTIONS INTO VOUCHER

Path: Gateway of Tally → Accounting Voucher
Date Particular L.F. Debit Credit
(Receipt Voucher) i.e. F6
By. Cash A/c --------------------Dr. 45,000
To. Raju’s capital A/c 45,000
(Contra Voucher) i.e. F4
By. Bank A/c --------------------Dr. 40,000
To. Cash A/c 40,000
(Payment Voucher) i.e. F5
By. Purchases A/c ---------------------Dr. 4,000
To. Cash A/c 4,000
(Receipt Voucher) i.e. F6
4,000
By. Cash A/c ------------------Dr.
4,000
To. Sales A/c
(Payment Voucher) i.e. F5
By. Somu’s A/c ------------------------Dr. 23,000
To. Bank A/c 23,000

STEP: 5 - DISPLAY RESULT

Path: Gateway of Tally → Display → Account Books → Cash / Bank Book.

PROBLEM: 44

STEP: 1- ENTER INTO TALLY ACCOUNTING SOFTWARE

Double click on tally icon from the desktop.

STEP: 2- CREATION OF COMPANY

Navigation: Company info menu → Create ┘
(Give Name, Address, Financial Year etc)

STEP: 3- CREATION OF LEDGER

Path: Gateway of Tally → Accounts info → Ledger → Multiple Ledger → Create

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 Computer Lab - Practical
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ADVANCED ACCOUNTING
[Link] NAME OF LEDGER UNDER GROUP OPENING BALANCE
1 Purchases A/c Purchases a/c ----------
2 Vijay’s A/c Sundry debtors ----------
3 Discount allowed A/c Indirect expenses ----------
4 Anand’s A/c Sundry creditors ----------
5 Discount received A/c Indirect income ----------

Press Four times (Esc) and Accept YES to Save

Press (Esc) and Return to Gateway of Tally

STEP: 4- ENTERING TRANSACTIONS INTO VOUCHER

Path: Gateway of Tally → Accounting Voucher
Date Particular L.F. Debit Credit
(Payment Voucher) i.e. F5
By. Purchases A/c --------------------Dr. 4,750
To. Cash A/c 4,750
(Journal Voucher) i.e. F7
By. Purchases A/c --------------------Dr. 250
To. Discount received A/c 250
(Receipt Voucher) i.e. F6
By. Cash A/c ---------------------------Dr. 2,646
To. Vijay’s A/c 2,646
(Journal Voucher) i.e. F7
54
By. Discount allowed A/c ------------Dr.
54
To. Vijay’s A/c
(Payment Voucher) i.e. F5
By. Anand’s A/c ---------------------Dr. 5,292
To. Cash A/c 5,292
(Journal Voucher) i.e. F7
By. Anand’s A/c -----------------------Dr. 108
To. Discount received A/c 108

STEP: 5 - DISPLAY RESULT

Path: Gateway of Tally → Display → Account Books → Cash / Bank Book.

[Link]
 Computer Lab - Practical
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ADVANCED ACCOUNTING

PROBLEM: 47

STEP: 1- ENTER INTO TALLY ACCOUNTING SOFTWARE

Double click on tally icon from the desktop.

STEP: 2- CREATION OF COMPANY

Navigation: Company info menu → Create ┘
(Give Name, Address, Financial Year etc)

STEP: 3- CREATION OF LEDGER

Path: Gateway of Tally → Accounts info → Ledger → Multiple Ledger → Create

[Link] NAME OF LEDGER UNDER GROUP OPENING BALANCE

1 Capital Capital a/c 6,00,000
2 Motor car Fixed asset 2,00,000
3 Machinery Fixed assets 1,00,000
4 Sundry Dr Sundry Dr 50,000
5 Purchases Purchases ----------

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 Computer Lab - Practical
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ADVANCED ACCOUNTING
6 Sales Sales a/c ----------
7 Wages Indirect Exp ----------
8 Salaries Indirect Exp ----------
9 Insurance paid Indirect Exp ----------
10 Commission paid Indirect Exp ----------
11 Outstanding wages Current liability ----------
12 Outstanding salaries Current liability ----------
13 Prepaid insurance Current liability ----------

Press Four times (Esc) and Accept YES to Save

Press (Esc) and Return to Gateway of Tally

STEP: 4- ENTERING TRANSACTIONS INTO VOUCHER

Path: Gateway of Tally → Accounting Voucher
Date Particular L.F. Debit Credit
(Payment Voucher) i.e. F5
By. Wages A/c --------------------Dr. 2,000
To. Cash A/c 2,000
(Payment Voucher) i.e. F5
By. Salaries A/c --------------------Dr. 3,000
To. Cash A/c 3,000
(Payment Voucher) i.e. F5
By. Insurance A/c ---------------------Dr. 500
To. Cash A/c 500
(Payment Voucher) i.e. F5
By. Commission A/c ------------------Dr.
200
To. Cash A/c
200
(Receipt Voucher) i.e. F6
By. Cash A/c ---------------------------Dr. 49,000
To. Sales A/c 49,000
(Payment Voucher) i.e. F5
By. Purchases A/c ---------------------Dr. 28,000
To. Cash A/c 28,000
(Journal Voucher) i.e. F7
By. Wages A/c --------------Dr. 500
To. Outstanding wages A/c 500
(Journal Voucher) i.e. F7
By. Salaries A/c --------------Dr.
To. Outstanding salaries A/c 100
100
(Journal Voucher) i.e. F7
By. Insurance A/c --------------Dr.
6,000
To. Prepaid insurance A/c
6,000

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 Computer Lab - Practical
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ADVANCED ACCOUNTING
STEP: 5- DISPLAY RESULT
Path: Gateway of Tally → Display → Cash Book.

KNOWLEDG IS POWER

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