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Tally Exercise 2

The document provides a tally assignment that involves creating a company and ledger with various accounts including assets, liabilities, expenses, revenues, and capital. The ledger includes opening balances for accounts like cash, debtors, purchases, wages, rent, sales, capital, and more. The total debits equal the total credits of Rs. 4,85,650. The assignment then instructs to generate a trial balance, profit and loss statement, and balance sheet from the ledger entries.

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5K views1 page

Tally Exercise 2

The document provides a tally assignment that involves creating a company and ledger with various accounts including assets, liabilities, expenses, revenues, and capital. The ledger includes opening balances for accounts like cash, debtors, purchases, wages, rent, sales, capital, and more. The total debits equal the total credits of Rs. 4,85,650. The assignment then instructs to generate a trial balance, profit and loss statement, and balance sheet from the ledger entries.

Uploaded by

Arun
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Tally Assignment

Exercise - 2 a) Create a company b) Create the following ledger with Appropriate Group and put the opening balance. Name Drawings Goodwill Building Machinery Bills Receivable Opening Stock Purchases Wages Carriage Outward Carriage Inward Salaries Rent Discount Repairs Bank Cash Debtors Bad Debtors Sales Return Furniture Advertising General Expenses Capital Bills Payable Creditors Purchase Return Sales Under Capital Account Current Assets Fixed Assets Fixed Assets Current Assets Stock In Hand Purchase Accounts Direct Expenses Indirect Expenses Direct Expenses Indirect Expenses Indirect Expenses Indirect Expenses Direct Expenses Bank Accounts Cash In Hand Sundry Debtors Indirect Expenses Sales Account Fixed Assets Indirect Expenses Indirect Expenses Capital Account Current Liability Sundry Creditors Purchase Accounts Sales TOTAL Debit 45,000 90,000 60,000 40,000 6,000 40,000 51,000 26,000 500 1,000 35,000 3,000 1,100 2,300 25,000 1,600 45,000 1,200 2,000 6,000 3,500 450 Credit

4,85,650

1,60,000 35,000 70,000 2,650 2,18,000 4,85,650

Result :

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

Net Profit

Page 1

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