VCC VISUAL COMPUTER CENTRE 9940553503

INDEX
Name : ………………………………………. Date of Join : ……………………………
Course : ………………………………………. Student ID No. : ……………………………

S.No Date Topics Page No. Signature

1 History of Tally 01
2 Define Tally.ERP9 01
3 Define Golden Rule 01
4 How to open Tally Prime Software 02
5 How to create a company in Tally Prime 02
6 How to Alter/Modify a company Details 03
7 How to shut a company in Tally Prime 03
8 How to Select/Open a company 03
9 How to set Security Control Password 03
10 How to remove Security Control Password 03
11 How to set Tally Vault Password 04
12 How to remove Tally Vault Password 04
13 How to delete a company 04
14 How to Exit / Quit Tally Prime Software window? 04
15 Define Groups 05
16 The mostly used under and their Group? 05
17 How to Calculate Trial Balance Sum_1 06
18 How to Calculate Trial Balance Sum_2 07
19 How to create Stock Group, Units and Compound Unit 08
20 How to create Stock Items 10
21 Define vouchers? 10
22 How to put Journal Entries 11
23 How to calculate Trial Balance with Transaction sum1 15
24 How to calculate Trail Balance with Transaction Sum2 20
25 Define Goods and Service Tax (GST) 26
26 GST TIN and State Code? 27
27 How to create GST Ledgers 28
VCC VISUAL COMPUTER CENTRE 9940553503

How to calculate CGST and SGST Amount to

28 28
Purchase entries
29 How to calculate IGST Amount to Purchase entries 31
How to calculate CGST and SGST Amount to Sales
30 33
entries
31 How to calculate IGST Amount to Sales entries 35
How to export Tally Reports to HTML, PDF and
32 36
EXCEL format
33 How to backup a company 36
34 How to restore a company 36
35 How to split company 36
36 How to create Budget 37
37 How to calculate interest 41
38 How to calculate interest by stock 44
39 How to use Bank Reconciliation Statement (BRS) 49
How to use Batch Wise Details include MFG Date and
40 53
Expiry Date to invoice
41 How to enter zero value entries 60
42 How to set standard selling price to sales voucher 65
43 How to use multiple price level 72
44 How to use stock management 81
45 How to use Godown creation 90
46 How to use manufacturing journal voucher 98
47 How to calculate additional cost of purchase 104
How to enable purchase order and purchase order
48 109
processing?
How to enable sales order, delivery note and sales
49 113
order processing?
50 How to enter purchase and sales NIL rated GST entries 116
51 How to enter purchase and sales 5% GST entries 116
52 How to enter purchase and sales 12% GST entries 116
53 How to enter purchase and sales 18% GST entries 117
54 How to enter purchase and sales 28% GST entries 117
55 How to enter multiple purchase and sales GST entries 117
How to enter salary and salary advanced voucher
56 118
entries in Tally Prime?
How to enter department wise salary entries in Tally
57 120
Prime?
VCC VISUAL COMPUTER CENTRE 9940553503

How to enter salary to Wages Protection System

58 128
(WPS) method?
How to enter trade discount and cash discount in Tally
59 131
Prime?
60 How to create and use Multi Currency in Tally Prime? 136
How to enter export sales taxable entries in Tally
61 137
Prime?
62 How to set sales invoice bill with logo in Tally Prime? 142
How to sales on goods by point of sales (POS)
63 143
method?
64 How to create stock item code in Tally Prime? 148
How to download and install TDL files in Tally
65 151
Prime?
How to set credit limit, credit period, credit due, bill
66 152
wise receipt and reminder letter statement?
How to calculate automobile car sales service in Tally
67 157
Prime?
68 How to enter car loan EMI entries in Tally Prime? 162
How to enter personal loan Bank EMI entries in Tally
69 168
Prime?
How to calculate Cess Tax for purchase entries in
70 175
Tally Prime?
How to calculate Cess Tax for sales entries in Tally
71 179
Prime?
How to calculate Value Added Tax (VAT) in Tally
72 183
Prime?
73 How to calculate TDS Tax amount in Tally Prime? 189
How to calculate TDS Tax amount for purchase entries
74 191
in Tally Prime?
How to calculate TCS Tax Amount for Timber Wood
75 193
in Tally Prime?
76 How to calculate TCS) Amount for Tendu Leaves? 194
77 How to calculate TCS Amount for Alcohol? 195
78 How to calculate TCS Amount for Scrap? 196
79 How to calculate TCS Amount for Coal? 197
How to create payroll PF, ESI, Professional Tax and
80 198
Income Tax in Tally Prime?
How to Create Bill of Materials (BOM) in Tally
81 207
Prime?
82 How to create Quotation in Tally Prime? 213
VCC VISUAL COMPUTER CENTRE 9940553503

Introduction of Tally
1. History of Tally:-
Tally solutions, then known as peutronics, was co-founded in 1986 by Shyam Sunder Goenka
and his son Bharat Goenka. Shyam Sunder Goenka was running a company that supplied raw
materials and machine parts to plans and textile mills in southern and eastern India. Unable to find
software that could manage his book of accounts, he asked his son, Bharat Goenka, 23, a Maths
graduate to create a software application that would handle financial accounts for his business. The
first version of the accounting software was launched as an MS-DOS application. It had only basic
accounting functions, and was names Peutronics Financial Accountant.

 In 1988, the product was renamed as Tally.

 In 1997, the first windows based version Tally 5.4 was released.
 In 1999, the company formally changed its name to Tally Solutions.
 In 2001, Tally 6.3 launched (Educational / License version)
 In 2005, Tally 7.2 was launched with features designed to meet Indian value added
taxation (VAT) requirements.
 In 2006, Tally launched Tally 8.1, a concurrent multi-lingual version, and also Tally 9.
 In 2009, the company released Tally.ERP 9, a business management solution
 In 2015, the company launched a program called Vriddhi to certify and classify its
business partners. Also in 2015, Tally solutions announced the launch of Tally.ERP 9
Release 5.0 with Taxation and compliance features.
 As of 2016, the company had 1 million customers.
 In 2016, Tally Solutions was shortlisted as a GST Suvidha Provider to provide interface
between the new Goods and Services Tax (GST) Server and taxpayers, and in 2017, the
company launched its updated GST compliance software.
 In 2020 – Tally Prime introduced
2. Tally.ERP:-
Tally’s main product is its Enterprise Resource Planning software called Tally.ERP 9
with single and multi-user license. For large organizations with many branches, Tally.Server 9 is
offered. The software handles accounting, inventory management, tax management, payroll etc.

3. Golden Rule:-
 Credit - Cr. (What goes out)
 Debit - Dr. (What comes in)
Three types of Accounts,
1. Personal Account
2. Real Account
3. Nominal Account
1. Personal Account
Personal Account is refereed a particular person or company.
Personal account includes the account persons with whom the business deals.
The personal account classified the following ways,
1. Nature Person:
The Natural Person mention of name individuals customer and suppliers.
Example: Ravi, Rams, Mala

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VCC VISUAL COMPUTER CENTRE 9940553503

2. Artificial Person:
Clubs, Banks, Companies, Firms and Co-Operative Societies.
3. Representative Person:
The accounts which represent a certain person or group of person.
Example:
Rent outstanding represents the amount rent dues to the land lord.
The rules for the personal Account are:

 Cr. - The Giver

 Dr. - The Receiver
2. Real Account
These are accounts of assets are properties. Real account includes tangible assets and
also intangible assets.
Purchase or Sales of Assets is called Real Account
The rules for the Real Account are:
 Cr. - What goes out
 Dr. - What comes in
3. Nominal Account
These are the accounts of items which do not have any material existence. Accounts of
Expenses or Loses and Incomes or Gain comes under it
All Income and Expenses is called Nominal Account.
The rules for the Nominal Account are:

 Cr. - All Incomes or Gains

 Dr. - All Expenses or Losses
4. How to open Tally Prime software window?
 Start
 All Programs
 Tally Prime
 Educational Mode
 Click
5. How to create a company in Tally Prime?
 List of Companies
 Create Company
 Company Data Path : C:\users\public\TallyPrime\Data\
 Company Name : Visual Enterprises
 Mailing Name : Visual Enterprises
 Address : No.76, Ashtabujam Road
Choolai, Chennai
 State : Tamilnadu
 Country : India
 Telephone :
 Mobile : 9940553503
 Email : [email protected]
 Website :
 Financial Year : 1.4.2023
 Books beginning from: 1.4.2023

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 Base Currency Symbol :

 Formal Name : INR
 Save : Ctrl + A
 Enable Goods and Service Tax : Yes
 GSTIN/UIN : 33ASDVE1234D55G
 Save
6. How to alter / modify company details?
 Company - Alt + K
 Alter
 Alter any one company details (for Example: Change mobile number)
 Save – Ctrl + A
7. How to shut a company in Tally Prime?
 Company – Alt + K
 Shut – Ctrl + F3
 To select shut company name
 Enter
8. How to select / open a company?
 List of Companies
 To select open company name
 Enter
9. How to set security control password in company?
 Company – Alt + K
 Security
 Control user access to company data : Yes
 User Name : VCC
 Password : 123
 Confirm Password : 123
 Email ID for browser access : None
 Enable Tally Audit features : No
 Disallow opening in education mode : No
 Add users after saving security setting: No
 Save – Ctrl + A
 Shut Company – Ctrl + F3
 To select shut company name
 Enter
 List of Companies
 To select open company name
 Enter
 User Name : VCC
 Password : 123
 Enter

10. How to remove security control password?

 Company – Alt + K
 Security
 Control user access to company data : No
 Current / Existing Password : 123
 Email ID for Browser Access : None

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 Save
 Shut Company – Ctrl + F3
 To select shut company name
 Enter
 List of companies
 To select open company name
 Enter

11. How to set Tally Vault password in company?

 Company – Alt + K
 Tally Vault
 Company Name : visual enterprises
 Password : 123
 Confirm Password : 123
 Enter
 Yes
 No
 Esc
 To change company name to *** and then select the company
 Enter
 Tally Vault Password – 123
 Enter

12. How to remove Tally Vault password in company?

 Company – Alt + K
 Tally Vault
 Enter
 Company Name : visual enterprises
 Old Password : 123
 Password : Empty
 Enter
 Yes
 No
 Shut Company – Ctrl + F3
 To select name of company
 Enter
 To change company name [ *** to Name ]

13. How to delete a company in Tally Prime?

 List of Companies
 To select delete company name
 Enter
 Company – Alt + K
 Alter
 Delete – Alt + D
 Delete – Yes - Are you sure – Yes

14. How to Quit / Exit Tally Prime Software?

 Quit – Ctrl + Q

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15. Define Groups:-

1. Bank Account 18. Indirect Expenses
2. Bank OCC A/c 19. Indirect Incomes
3. Bank O/D A/c 20. Investments
4. Branch/Divisions 21. Loans & Advances(Assets)
5. Capital Account 22. Loans(Liabilities)
6. Cash-in-Hand 23. Misc. Expenses(ASSETS)
7. Current Assets 24. Provisions
8. Current Liabilities 25. Purchase Accounts
9. Deposits(Assets) 26. Reserves & Surplus
10. Direct Expenses 27. Retained Earnings
11. Direct Income 28. Sales Accounts
12. Duties & Taxes 29. Secured Loans
13. Expenses(Direct) 30. Stock-in-Hand
14. Expenses(Indirect) 31. Sundry Creditors
15. Fixed Assets 32. Sundry Debtors
16. Income(Direct) 33. Suspense A/c
17. Income(Indirect) 34. Unsecured Loans
16. The mostly used Particulars and their Group / Under in Tally Prime?
S.No Particulars Under / Group S.No Particulars Under / Group
1 Capital Capital A/C 24 LIC Premium Paid Indirect Expenses
2 Wages Direct Expenses 25 Insurance Paid Indirect Expenses
3 Packing Changes Direct Expenses 26 Postage Indirect Expenses
4 Fixing Charges Direct Expenses 27 Stationery & Printing Indirect Expenses
Charges
5 Machine Service / 28 Advertisement
Direct Expenses Indirect Expenses
Repair Charges
6 Carriage Inward Direct Expenses 29 Carriage Outward Indirect Expenses
7 Call Taxi Charges Direct Expenses 30 Commission Received Indirect Income
8 Mobile Charges Direct Expenses 31 Rent Received Indirect Income
9 Custom Charges Direct Expenses 32 Discount Received Indirect Income
10 Transport Charges Direct Expenses 33 Bank Interest Received Indirect Income
11 Fright Charges Direct Expenses 34 Advance Received Indirect Income
12 Clearing & Direct Expenses 35 Interest Received Indirect Income
Forwarding Charges
13 Office Expenses Indirect Expenses 36 Fess Received Indirect Income
14 General Expenses Indirect Expenses 37 Land Fixed Asset
15 Bad Debit Indirect Expenses 38 Building Fixed Asset
16 Water Expenses Indirect Expenses 39 Furniture Fixed Asset
17 Petrol Expenses Indirect Expenses 40 Machine Fixed Asset
18 Rent Paid Indirect Expenses 41 Good Will Fixed Asset
19 Salary Paid Indirect Expenses 42 Car Fixed Asset
20 Commission Paid Indirect Expenses 43 Computer Fixed Asset
21 Discount Paid Indirect Expenses 44 Plant Fixed Asset
22 Internet Bills Paid Indirect Expenses 45 Purchase Purchase A/C
23 Electricity Bills Paid Indirect Expenses 46 Purchase Return Purchase A/C

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47 Sales Sales A/C 60 Salary Payable Current Liability

48 Sales Return Sales A/C 61 Profit & Loss A/C Primary
49 Provisions Provision 62 Outward Charges Indirect Expenses
50 Investment Investment 63 Inward Charges Direct Expenses
51 Cash Cash in Hand 64 Dividend Received Indirect Income
52 Stock Current Asset 65 Return Outward Purchase A/C
53 Bills Receivable Current Asset 66 Return Inward Sales A/C
54 Opening Stock Current Asset 67 Travelling Expenses Indirect Expenses
55 Creditor Sundry Creditors 68 Cash at Bank Bank A/C
56 Debtors Sundry Debtors 69
57 Bank Bank A/C 70
58 Bank O/D Bank O/D A/C 71
59 Bills Payable Current Liability 72

17. How to calculate Trial Balance Sum1 in Tally Prime?

Particulars Rs. Particulars Rs.

Discount Paid 9200 Cash at Bank 14000
Investment 160450 Bills Receivable 58440
General Expenses 850 Purchase 155220
Insurance Paid 8530 Carriage Inward 12900
Bad Debit 6130 Carriage Outward 5000
Advertisement Charges 6000 Capital 400000
Travelling Expenses 4250 Creditors 120520
Furniture 25000 Bills Payable 60300
Debtors 40000 Sales 218500
Opening Stock 18400 Provisions 13200
Cash 17000 Interest Received 2700
Sales Return 3850 Building 200000
Purchase Return 10000 Machinery 80000

Output:
Total Opening Balance
8, 25,220 Dr
8, 25,220 Cr

Answer:
 Create Company
 Company Name : Visual Enterprises
 State : Tamilnadu
 Financial Year : 1.4.2023
 Enable GST : No
 Save : Ctrl + A

 Back to Gateway of Tally

 Create
 Ledger

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Ledger Creation
Name Under Debit Credit
Discount Paid Indirect Expenses 9,200
Investment Investment 1,60,450
General Expenses Indirect Expenses 850
Insurance Paid Indirect Expenses 8,530
Bad Debit Indirect Expenses 6,130
Advertisement
Indirect Expenses 6,000
Charges
Travelling Expenses Indirect Expenses 4,250
Furniture Fixed Assets 25,000
Debtors Sundry Debtors 40,000
Opening Stock Current Assets 18,400
Cash(PgUp Key) Cash in Hand 17,000
Sales Return Sales Account 3,850
Purchase Return Purchase Account 10,000
Cash at Bank Bank Account 14,000
Bills Receivable Current Assets 58,440
Purchase Purchase Account 1,55,220
Carriage Inward Direct Expenses 12,900
Carriage Outward Indirect Expenses 5,000
Capital Capital Account 4,00,000
Creditors Sundry Creditors 1,20,520
Bills Payable Current Liabilities 60,300
Sales Sales Accounts 2,18,500
Provision Provisions 13,200
Interest Received Indirect Income 2,700
Buildings Fixed Assets 2,00,000
Machinery Fixed Assets 80,000
Total Opening Balance 8,25,220 8,25,220

18. How to calculate Trial Balance Sum_2 in Tally Prime?

Particulars Rs. Particulars Rs.
Bank Charges 75 Bank 26000
Carriage Inward 750 Capital 90000
Cash 10900 Carriage Outward 1200
Debtors 45000 Creditors 25000
Discount Received 800 Discount Allowed 350
Provisions 525 Plant 80000
Rent 10000 Purchase 60000
Return Outward 750 Return Inward 1000
Sales 177000 Salary Paid 6800
Wages 10000 Stock 40000
Advertisement Charges 2000
Output: Total Opening Balance
2, 94,075 Dr 2, 94,075 Cr

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VCC VISUAL COMPUTER CENTRE 9940553503

Answer:
 Create Company
 Company Name : Visual Enterprises
 State : Tamilnadu
 Financial Year : 1.4.2023
 Enable GST : No
 Save : Ctrl + A
 Back to Gateway of Tally - Create - Ledger
Ledger Creation
Name Under Debit Credit
Bank Charges Indirect Expenses 75
Carriage Inward Direct Expenses 750
Cash(PgUp Key) Cash in Hand 10,900
Debtors Sundry Debtors 45,000
Discount Received Indirect Income 800
Provisions Provisions 525
Rent Indirect Expenses 10,000
Return Outward Purchase Account 750
Sales Sales Account 1,77,000
Wages Direct Expenses 10,000
Advertisement Charges Indirect Expenses 2,000
Bank Bank Account 26,000
Capital Capital Account 90,000
Carriage Outward Indirect Expenses 1,200
Creditors Sundry Creditors 25,000
Discount Allowed Indirect Expenses 350
Plant Fixed Asset 80,000
Purchase Purchase Account 60,000
Return Inward Sales Account 1,000
Salary Paid Indirect Expenses 6,800
Stock Current Asset 40,000
Total Opening Balance 2,94,075 2,94,075

19. How to create stock group, unit and compound unit creation?
 Create Company
 Company Name : Visual Enterprises
 State : Tamilnadu
 Financial Year : 1.4.2023
 Enable GST : Yes
 GST No. : 33ASDVE1245D66G
 Save : Ctrl + A
 Back to Gateway of Tally
 Create - Stock Group

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Stock Group Creation

Name Under Should Quantities of Item be Added
Mobile Primary Yes
Mobile Accessories Primary Yes
Beverages Primary Yes
Textiles Primary Yes
Electronic Items Primary Yes
Medical Items Primary Yes
Industrial Items Primary Yes
Save

 Back to List of Masters

 Unit

Unit Creation
Type Symbol Formal Name UQC Decimal
Simple Nos Numbers Nos-Numbers 0
Simple Pack Packs Pac-Packs 0
Simple Box Boxes Box-Box 0
Simple Doz Dozens Doz-Dozens 0
Simple GMS Grammes GMS – Grammes 3
Simple KGS Kilograms KGS – Kilograms 3
Simple MTR Meters MTR – Meters 2
Simple QTL Quintal QTL – Quintal 0
Simple Roll Rolls Rol – Rolls 0
Simple Ton Tonnes Ton – Tonnes 0
Save
 Backspace
Compound Unit Creation
Type First Unit Conversion Second Unit
Compound KGS 1000 GMS
Compound Ton 10 QTL
Compound Box 100 Nos
Compound Doz 12 Nos
Compound Rol 100 MTR
Save

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20. How to create stock items in Tally Prime?

 Back to list of masters
 Stock Item

Stock Item Creations

Redmi Note Mobile Samsung 32
Name Boost Jeans Pant
10 Pro Charger Inch LED TV
Mobile Electronics
Under Mobile Beverages Textiles
Accessories Items
Unit Nos Nos Packs Nos Nos
GST
Applicable Applicable Applicable Applicable Applicable
Applicable
Set/Alter GST
Yes Yes Yes Yes Yes
Details
Mobile Health
Description Mobile Dress Television
Accessories Drinks
HSN/SAC 8517 8516 19109090 45852010 852530
Calculation
On Value On Value On Value On Value On Value
Type
Taxability Taxable Taxable Taxable Taxable Taxable
Integrated Tax 12% 18% 18% 5 12%
Central Tax 6% 9% 9% 2.50% 6%
State Tax 6% 9% 9% 2.50% 6%
Cess 0% 0% 0% 0% 0%
Type of
Goods Goods Goods Goods Goods
Supply
Save

21. Define Vouchers in Tally Prime?

 Voucher Types
1. Contra Voucher - F4
2. Payment Voucher - F5
3. Receipt Voucher - F6
4. Journal Voucher - F7
5. Sales Voucher - F8
6. Purchase Voucher - F9
7. Debit Note Voucher - Alt + F5
[ Purchase Return ]
8. Credit Note Voucher - Alt + F6
[ Sales Return ]

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22. How to put Journal Entries in Tally Prime?

Opening amount in a company
 Capital = 4,00,000
 Cash = 2,00,000
 Machinery = 1,00,000
 ICICI Bank = 1,00,000
Transactions:
 Contra Voucher – [F4]
1. Cash deposit in to ICICI bank was Rs.50,000
2. Cash Withdraw from ICICI bank Rs.30,000
 Payment Voucher – [F5]
1. Discount allowed was Rs.2,500 by cash
2. Paid salary was Rs.3,000 By cheque
 Receipt Voucher – [F6]
1. Interest received Rs.3,000 by cash
2. Rent Received Rs.7,000 by cash
 Journal Voucher – [F7]
1. Depreciation of Machinery @ 10%
2. Outstanding salary Rs.1,500
 Purchase Voucher – [F9]
1. Goods purchase on credit from Herbal Enterprises was Rs.40,000
(Bill No.41, Days=10)
 Sales Voucher – [F8]
1. Goods sold on credit to Global Enterprises was Rs.40,000(Bill No.33, Days=5)
 Debit Note Voucher – [Alt + F5]
1. Goods return to Herbal Enterprises was Rs.4,000
 Credit Note Voucher – [Alt + F6]
1. Goods return from Global Enterprises was Rs.4,000
Output:
 Balance Sheet
Liabilities = 4,37,500
Assets = 4,37,500

Answer:
 Create Company
 Company Name : Visual Enterprises
 State : Tamilnadu
 Financial Year : 1.4.2023
 Enable GST : No
 Save : Ctrl + A

 Back to Gateway of Tally

 Create
 Ledger

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Ledger Creation
Name Under Debit Credit
Capital Capital A/C 4,00,000
Cash(PgUp Key) Cash in Hand 2,00,000
Machinery Fixed Assets 1,00,000
ICICI Bank Back A/C 1,00,000
Total Opening Balance 4,00,000 4,00,000

 Back to Gateway of Tally

 Vouchers
Transaction: Cash Deposit in to bank was Rs.50,000
Contra No.01 – [F4]
Particulars Debit Credit
Cr. Cash 50,000
Dr. ICICI Bank 50,000

Transaction: Cash Withdraw from bank was Rs.30,000

Contra No.02 – [F4]
Particulars Debit Credit
Cr. ICICI Bank 30,000
Dr. Cash 30,000

Transaction: Discount allowed Rs.2,500

Payment No.01 – [F5]
Particulars Debit Credit
Dr. Alt + C
Name: Discount Allowed 2,500
Under: Indirect Expenses
Cr. Cash 2,500

Transaction: Paid Salary was Rs.3,000 by cheque

Payment No.02 – [F5]
Particulars Debit Credit
Dr. Alt + C
Name: Salary 3,000
Under: Indirect Expenses
Cr. ICICI Bank 3,000

Transaction: Interest received was Rs.3,000

Receipt No.01 – [F6]
Particulars Debit Credit
Cr. Alt + C
Name: Interest Received 3,000
Under: Indirect Income
Dr. Cash 3,000

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Transaction: Rent received was Rs.7,000

Receipt No.02 – [F6]
Particulars Debit Credit
Cr. Alt + C
Name: Rent Received 7,000
Under: Indirect Income
Dr. Cash 7,000

Transaction: Depreciation of Machinery @ 10%

Journal No.01 – [F7]
Particulars Debit Credit
Dr. Alt + C
Name: Depreciation 10,000
Under: Indirect Expenses
Cr. Machinery 10,000

Transaction: Outstanding salary was Rs.1,500

Journal No.02 – [F7]
Particulars Debit Credit
Dr. Salary 1,500
Cr. Alt + C
Name: Outstanding Salary 1,500
Under: Current Liabilities

Transaction: Goods purchase on credit to Herbal Enterprises was Rs.40,000[Bill No.41, Days=10]
Purchase No.01 – [F9]
Change Mode – Ctrl + H  As Voucher
Particulars Debit Credit
Cr. Alt + C 40,000
Name: Herbal Enterprises New Ref.
Under: Sundry Creditors Bill No.41 Days = 10
Dr. Alt + C
Name: Credit Purchase 40,000
Under: Purchase A/C

Transaction: Goods sold on credit to Global Enterprises was Rs.40,000[Bill No.33, Days=5]
Sales No No.01 – [F8]
Change Mode – Ctrl + H  As Voucher
Particulars Debit Credit
Dr. Alt + C 40,000
Name: Global Enterprises New Ref.
Under: Sundry Debtors Bill No.33 Days = 5
Cr. Alt + C
Name: Credit Sales 40,000
Under: Sales A/C

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Transaction: Goods return to Herbal Enterprises was Rs.4,000

Debit Note No.01 – [Alt + F5]
Particulars Debit Credit
Dr. Herbal Enterprises 4,000
Agst Ref.
Bill No.41
Cr. Alt + C
Name: Purchase Return 4,000
Under: Purchase A/C

Transaction: Goods return from Global Enterprises was Rs.4,000

Credit Note No.01 – [Alt + F6]
Particulars Debit Credit
Cr. Global Enterprises 4,000
Agst Ref.
Bill No.33
Dr. Alt + C
Name: Sales Return 4,000
Under: Sales A/C

 Back to Gateway of Tally

 Balance Sheet
 Detailed View – Alt + F1

Output:

Liabilities Assets
4,37,500 4,37,500

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23. How to calculate Trial Balance with Transaction Sum_1 in Tally Prime?

Particulars Rs.
Indian Bank 20,000
Capital 30,000
Cash 4,500
Bank Loan 15,000
Machinery 2,500
Salary Payable 10,000
Typewriter 11,000
Furniture 10,000
Sundry Debtors
Divya&Co 10,000 [Bill No.36, Days = 5]
Kumar&Co 7,000 [Bill No.345 Days = 10]
Sundry Creditors
Jaya Agencies 4,000 [Bill No.80, Days = 7]
Guna&Co 6,000 [Bill No.100, Days = 5]

Transaction during the period:

May 01 - Paid rent was Rs.300 by cash
May 01 - Bought goods on credit from Varsha&Co was Rs.6,000[Bill No.12,Days=10]
May 01 - Paid salary was Rs.1,000 by cash
May 01 - Discount allowed was Rs.500 by cash
May 02 - Issued debit note against to Jaya Agencies was Rs.500 [Agst Ref. Bill No.80]
May 02 - Purchase furniture on credit from Jaya Agencies was Rs.2000[Bill=10, D=5]
May 02 - Made settlement to Jaya Agencies was Rs.1,500[Agst Ref. Bill No.80]
May 02 - Dividend received was Rs.30,000 by cash
May 02 - Check received from Divya&Co was Rs.10,000 [Agst Ref. Bill No.36]
May 31 - Stolen of furniture was Rs.2,000
May 31 - Purchased computer on cash Rs.10,000
May 31 - Goods sold on credit to Senthil&Co was Rs.15,000 [Bill No.25, Days = 15]
May 31 - Cash withdraw from personal use was Rs.1,800

Output:
 Opening Balance = 65,000
 Gross Profit = 9,500
 Net Profit = 35,700
 Balance Sheet = 1,04,900
 Trail Balance = 1,16,500

15
VCC VISUAL COMPUTER CENTRE 9940553503

Answer:
 Create Company
 Company Name : Visual Enterprises
 State : Tamilnadu
 Financial Year : 1.4.2023
 Enable GST : No
 Save : Ctrl + A
 Back to Gateway of Tally
 Create
 Ledger

Ledger Creation
Name Under Debit Credit
Indian Bank Bank A/C 20,000
Capital Capital A/C 30,000
Cash(PgUp Key) Cash in Hand 4,500
Bank Loan Loans Liability 15,000
Machinery Fixed Assets 2,500
Salary Payable Current Liabilities 10,000
Typewriter Fixed Assets 11,000
Furniture Fixed Assets 10,000
10,000
Divya&Co Sundry Debtors New Ref.
Bill No.36 Days=5
Kumar&Co 7,000
Sundry Debtors New Ref.
Bill No.345 Days=10
Jaya Agencies 4,000
Sundry Creditors New Ref.
Bill No.80 Days=7
Guna&Co 6,000
Sundry Creditors New Ref.
Bill No.100 Days=5
Total Opening Balance 65,000 65,000

 Back to Gateway of Tally

 Vouchers

Transaction: Paid rent was Rs.300 by Cash

Payment No.01 – [F5]
Particulars Debit Credit
Dr. Alt + C
Name: Rent
300
Under: Indirect Expenses
Cr. Cash 300

16
VCC VISUAL COMPUTER CENTRE 9940553503

Transaction: Bought goods on credit from VERSHA&CO was Rs.6,000(Bill No.12, Days=7)
Purchase No.01 – [F9]
Change Mode – Ctrl + H  As Voucher
Particulars Debit Credit
Cr. Alt + C 6,000
Name: VARSHA&CO New Ref
Under: Sundry Creditors Bill No.12, Days=10
Dr. Alt + C
Name: Credit Purchase 6,000
Under: Purchase A/C

Transaction: Paid salary was Rs.1,000 by Cash

Payment No.02 – [F5]
Particulars Debit Credit
Dr. Alt + C
Name: Salary 1,000
Under: Indirect Expenses
Cr. Cash 1,000

Transaction: Discount Allowed was Rs.500 by Cash

Payment No.03 – [F5]
Particulars Debit Credit
Dr. Alt + C
Name: Discount Allowed 500
Under: Indirect Expenses
Cr. Cash 500

Transaction: Issued Debit Note against to JAYA AGENCIES was Rs.500(Against Bill No.80)
Debit Note No.01 – [Alt + F5]
Particulars Debit Credit
Dr. JAYA AGENCIES 500
Agst Ref
Bill No.80
Cr. Alt + C
Name: Purchase Return 500
Under: Purchase A/C

Transaction: Purchase furniture on credit from JAYA AGENCIES was Rs.2000(Bill No.10
Days=5)
Journal No.01 – [F7]
Particulars Debit Credit
Dr. Furniture 2,000
Cr. Jaya Agencies 2,000
New Ref
Bill No=10, Days=5

17
VCC VISUAL COMPUTER CENTRE 9940553503

Transaction: Made settlement to JAYA AGENCIES was Rs.1,500 by Cash (Against Bill No.80)
Payment No.04 – [F5]
Particulars Debit Credit
Dr. Jaya Agencies 1,500
Agst Ref. Bill No.80
Cr. Cash 1,500

Transaction: Dividend Received Rs.30,000 by Cash

Receipt No.01 – [F6]
Particulars Debit Credit
Cr. Alt + C
Name: Dividend Received 30,000
Under: Indirect Income
Dr. Cash 30,000

Transaction: Cheque received from DIVYA&CO was Rs.10,000 [Agst Bill No.36]
Receipt No.02 – [F6]
Particulars Debit Credit
Cr. Divya&Co 10,000
Agst Ref. Bill No.36
Dr. Indian Bank 10,000

Transaction: Stolen of furniture was Rs.2,000

Journal No.02 – [F7]
Particulars Debit Credit
Dr. Alt + C
Name: Stolen 2,000
Under: Indirect Expenses
Cr. Furniture 2,000

Transaction: Purchase computer on cash was Rs.10,000 by cash

Payment No.05 – [F5]
Particulars Debit Credit
Dr. Alt + C
Name: Computer 10,000
Under: Fixed Assets
Cr. Cash 10,000

Transaction: Goods sold on credit to Senthil&Co was Rs.15,000[Bill No.25, Days=15]

Sales No.01 – [F8]
Change Mode – Ctrl + H  As Voucher
Particulars Debit Credit
Dr. Alt + C 15,000
Name: Senthil&Co New Ref.
Under: Sundry Debtors Bill No.25, Days=15

18
VCC VISUAL COMPUTER CENTRE 9940553503

Cr. Alt + C
Name: Credit Sales 15,000
Under: Sales A/C

Transaction: Cash withdraw from personal use was Rs.1,800

Payment No.06 – [F5]
Particulars Debit Credit
Dr. Alt + C
Name: Drawings 1,800
Under: Capital A/C
Cr. Cash 1,800

 Back to Gateway of Tally

 Balance Sheet
 Detailed View – Alt + F1

Output:

Liabilities Assets
1,04,900 1,04,900

 Back to Gateway of Tally

 Profit & Loss A/C
 Detailed View – Alt + F1

Output:

Gross Profit Net Profit

9,500 35,700

 Back to Gateway of Tally

 Display more Reports
 Trial Balance
 Detailed View – Alt + F1

Output:

Debit(Dr) Credit(Cr)
1,16,500 1,16,500

19
VCC VISUAL COMPUTER CENTRE 9940553503

24. How to calculate Trial Balance with Transaction sum2 in Tally Prime?
Particulars Rs.
Capital 4,00,000
Cash 3,00,000
Bank Loan 2,00,000
City Union Bank 1,00,000
Reserves & Surplus 1,20,000
Furniture 50,000
Profit & Loss A/C 20,000
Land & Buildings 60,000
Out Standing Salary 50,000
Investment 1,00,000
Bank O/D 1,50,000
Prepaid Discount 20,000
Machinery 60,000
Stock 1,50,000
Sundry Creditors
Fami&Co 35,000 [Bill No.F55, Days = 20]
Thangam Agencies 15,000 [Bill No.TA25, Days = 15]
Sundry Debtors
Dharshana Traders 70,000 [Bill No.DT85, Days = 15]
National Towers 50,000 [Bill No.NT65, Days = 25]
Anbu Agencies 30,000[Bill No.AA02, Days = 30]
Transaction during the period:
May 01 - Paid advertisement charges was Rs.2,000 by cash
May 01 - Cash withdraw from personal use was Rs.50,000
May 01 - Interest Received was Rs.10,000 by cash
May 01 - Cash deposit into bank was Rs.6,000
May 01 - Amount paid to FAMI&CO was Rs.30,000 and balance Rs.5,000
Discount received [Dr.Fami=35,000 Cr.Cash=30,000 Cr.Discount=5,000]
May 01 - Goods credit purchased from Compaq Ltd was Rs.2,00,000 [Bill No=22]
May 02 - Amount received from National Towers was Rs.30,000 by cash
May 02 - Salary paid by cheque Rs.15,000
May 02 - Fright charges paid Rs.2,500 by cash
May 02 - Depreciation of machinery and land & building @ 5% and 10%
May 02 - Stock Rs.30,000 used for proprietor own use
May 02 - Goods sold credit to Aravid Enterprises was Rs.3,50,000 [Bill No=25, Days=20]
May 02 - Bank O/D settled was Rs.50,000
May 31 - Cash withdraw from bank was Rs.40,000
May 31 - Issued debit note against to Compaq Ltd was Rs.15,000
May 31 - Credit Note receive from Aravid Enterpries was Rs.10,000
May 31 - Paid wages was Rs.10,000 by cash
May 31 - Paid Postage was Rs.250 by cash
May 31 - Paid Stationery was Rs.75 by cash
Output: Opening Balance = 9,90,000 Gross Profit = 1,42,500 Net Profit = 1,31,175
Balance Sheet = 11,41,175 Trail Balance = 14,70,000

20
VCC VISUAL COMPUTER CENTRE 9940553503

Answer:
 Create Company
 Company Name : Visual Enterprises
 State : Tamilnadu
 Financial Year : 1.4.2023
 Enable GST : No
 Save : Ctrl + A
 Back to Gateway of Tally
 Create
 Ledger

Ledger Creation
Name Under Debit Credit
Capital Capital A/C 4,00,000
Cash(PgUp Key) Cash in Hand 3,00,000
Bank Loan Loans Liability 2,00,000
City Union Bank Bank A/C 1,00,000
Reserves & Surplus Reserves & Surplus 1,20,000
Furniture Fixed Asset 50,000
Profit & Loss A/C Primary 20,000
Land & Buildings Fixed Asset 60,000
Outstanding Salary Current Liabilities 50,000
Investment Investment 1,00,000
Bank O/D Bank O/D A/C 1,50,000
Prepaid Discount Current Assets 20,000
Machinery Fixed Assets 60,000
Stock Current Assets 1,50,000
35,000
Fami&Co Sundry Creditors
Bill No.F55, Days=20
15,000
Thangam Agencies Sundry Creditors Bill No.TA25,
Days=15
70,000
Dharshana Traders Sundry Debtors Bill No.DT85,
Days=15
50,000
National Towers Sundry Debtors Bill No.NT65,
Days=25
30,000
Anbu Agencies Sundry Debtors Bill
No.AA02,Days=30
Total Opening Balance 9,90,000Dr 9,90,000Cr

 Back to Gateway of Tally

 Vouchers

21
VCC VISUAL COMPUTER CENTRE 9940553503

Transaction: Paid advertisement charges was Rs.2000 by Cash

Payment No.01 – [F5]
Particulars Debit Credit
Dr. Alt + C
Name: Advertisement Charges 2,000
Under: Indirect Expenses
Cr. Cash 2,000

Transaction: Owner Amount withdraw from personal use was Rs.50,000 by Cash
Payment No.02 – [F5]
Particulars Debit Credit
Dr. Alt + C
Name: Drawings 50,000
Under: Capital A/C
Cr. Cash 50,000

Transaction: Interest Received was Rs.10,000 by Cash

Receipt No.01 – [F6]
Particulars Debit Credit
Cr. Alt + C
Name: Interest Received 10,000
Under: Indirect Income
Dr. Cash 10,000

Transaction: Cash deposit into bank was Rs.6,000

Contra No.01 – [F4]
Particulars Debit Credit
Cr. Cash 6,000
Dr. City Union Bank 6,000

Transaction: Amount paid to Fami&Co was Rs.30,000 and balance Rs.5,000 discount received
Payment No.03 – [F5]
Particulars Debit Credit
Dr. Fami&Co 35,000
Cr. Cash 30,000
Cr. Alt + C
Name: Discount Received 5,000
Under: Indirect Income

Transaction: Goods credit purchased from Compaq Ltd was Rs.2,00,000(Bill No.22)
Purchase No.01 – [F9] Change Mode – Ctrl + H  As Voucher
Particulars Debit Credit
Cr. Alt + C 2,00,000
Name: Compaq Ltd New Ref
Under: Sundry Creditors Bill No.22

22
VCC VISUAL COMPUTER CENTRE 9940553503

Dr. Alt + C
Name: Credit Purchase 2,00,000
Under: Purchase A/C

Transaction: Amount Received from National Towers was Rs.30,000 by cash

Receipt No.02 – [F6]
Particulars Debit Credit
Cr. National Towers 30,000
Agst Ref.
Bill No.NT65
Dr. Cash 30,000

Transaction: Paid salary by cheque was Rs.15,000

Payment No.04 – [F5]
Particulars Debit Credit
Dr. Alt + C
Name: Salary 15,000
Under: Indirect Expenses
Cr. City Union Bank 15,000

Transaction: Paid Fright Charges was Rs.2,500 by Cash

Payment No.05 – [F5]
Particulars Debit Credit
Dr. Alt + C
Name: Fright Charges 2,500
Under: Direct Expenses
Cr. Cash 2,500

Transaction: Depreciation of Machinery @ 5%

Journal No.01 – [F7]
Particulars Debit Credit
Dr. Alt + C
Name: Depreciation 3,000
Under: Indirect Expenses
Cr. Machinery 3,000

Transaction: Depreciation of Land & Building @ 10%

Journal No.02 – [F7]
Particulars Debit Credit
Dr. Depreciation 6,000
Cr. Land & Building 6,000

23
VCC VISUAL COMPUTER CENTRE 9940553503

Transaction: Stock Rs.30,000 used for proprietor own use

Journal No.03 – [F7]
Particulars Debit Credit
Dr. Drawings 30,000
Cr. Stock 30,000

Transaction: Goods sold on credit to Aravind Enterprises was Rs.3,50,000[Bill No.25, Days=20]
Sales No.01 – [F8]
Change Mode – Ctrl + H  As Voucher
Particulars Debit Credit
Dr. Alt + C 3,50,000
Name: Aravind Enterprises New Ref.
Under: Sundry Debtors Bill No.25, Days=20
Cr. Alt + C
Name: Credit Sales 3,50,000
Under: Sales A/C

Transaction: Bank O/D settled was Rs.50,000

Contra No.02 – [F4]
Particulars Debit Credit
Cr. City Union Bank 50,000
Dr. Bank O/D 50,000

Transaction: Cash withdraw from bank was Rs.40,000

Contra No.03 – [F4]
Particulars Debit Credit
Cr. City Union Bank 40,000
Dr. Cash 40,000

Transaction: Issued Debit Note against to Compaq Ltd was Rs.15,000(Against Bill No.22)
Debit Note No.01 – Alt + F5
Particulars Debit Credit
Dr. Compaq Ltd 15,000
Agst Ref
Bill No.22
Cr. Alt + C
Name: Purchase Return 15,000
Under: Purchase A/C

Transaction: Received Credit Note from Aravind&Co was Rs.10,000(Agst Ref. Bill No.25)
Credit Note No.01 – Alt + F6
Particulars Debit Credit
Cr. Aravind Enterprises 10,000
Agst Ref.
Bill No.25

24
VCC VISUAL COMPUTER CENTRE 9940553503

Dr. Alt + C
Name: Sales Return 10,000
Under: Sales A/C

Transaction: Paid wages Rs.10,000 by Cash

Payment No.06 – [F5]
Particulars Debit Credit
Dr. Alt + C
Name: Wages 10,000
Under: Direct Expenses
Cr. Cash 10,000

Transaction: Paid postage Rs.250 by Cash

Payment No.07 – [F5]
Particulars Debit Credit
Dr. Alt + C
Name: Postage 250
Under: Indirect Expenses
Cr. Cash 250

Transaction: Paid stationery Rs.75 by Cash

Payment No.08 – [F5]
Particulars Debit Credit
Dr. Alt + C
Name: Stationery 75
Under: Indirect Expenses
Cr. Cash 75
 Back to Gateway of Tally
 Balance Sheet - Detailed View – Alt + F1
Output:
Liabilities Assets
11,41,175 11,41,175
 Back to Gateway of Tally
 Profit & Loss A/C - Detailed View – Alt + F1
Output:
Gross Profit Net Profit
1,42,500 1,31,175

 Back to Gateway of Tally

 Display more Reports
 Trial Balance - Detailed View – Alt + F1

Output:
Debit(Dr) Credit(Cr)
14,70,000 14,70,000

25
VCC VISUAL COMPUTER CENTRE 9940553503

25. What is mean Goods and Service Tax (GST)?

Taxes:
 Direct Taxes
 Imposed on persons (Paid directly to the Government)
Example: Income Tax (Person  Government)
 Indirect Taxes
 Imposed on Goods and Services (Paid to the Government via third person)
Example: Service Tax (Customer  Hotel  Government)
Indirect Taxes:
 Central Government
 Excise Duty - on Manufacturing
 Service Tax - on Service
 CST - on Inter State Sales
 Custom Duty - on Imports
 State Government
 VAT - on Sales within State
 Entertainment - on Entertainment (Cinema)
 Luxury Tax - on Luxury (5 Star Hotel Rooms)
 Entry Tax - on Transfer of Goods

What is GST?
 Indirect Tax levied on Goods and Services
 It will replace all major indirect taxes levied by Central and State
 There will be three parts of GST
 Central GST (CGST)
 State GST (SGST)
 Integrated GST (IGST)

Rate of GST:
 Four main Tax slaps ranging from 5% to 28%
 Four rates are 5%, 12%, 18% and 28%
 Essential items(Grains) would be taxed at 0%
 The lowest 5% rate would be for commonly used items
 12% and 18% will be calculate standard rate of items
 Highest 28% rate will be applicable on luxury items

Advantages of GST:
 It will replace all major indirect taxes
 It will remove cascading effect (Tax on Tax)
 It will reduce flow of Black Money
 Block Money – Black money is money on which ax is not paid to the Government
 One India One Market
 Seamless flow of goods across Nation
 Ease of doing business

26
VCC VISUAL COMPUTER CENTRE 9940553503

26. GST TIN and State Code?

S.No State TIN State Code

01 Andhra Pradesh 37 AD
02 Arunachal Pradesh 12 AR
03 Assam 18 AS
04 Bihar 10 BR
05 Chattisgarh 22 CG
06 Delhi 07 DL
07 Goa 30 GA
08 Gujarat 24 GJ
09 Haryana 06 HR
10 Himachal Pradesh 02 HP
11 Jammu and Kashmir 01 JK
12 Jharkhand 20 JH
13 Karnataka 29 KA
14 Kerala 32 KL
15 Lakshadweep Islands 31 LD
16 Madhya Pradesh 23 MP
17 Maharastra 27 MH
18 Manipur 14 MN
19 Maghalaya 17 ML
20 Mizoram 15 MZ
21 Nagaland 13 NL
22 Odisha 21 OD
23 Pondicherry 34 PY
24 Punjab 03 PB
25 Rajasthan 08 RJ
26 Sikkim 11 SK
27 Tamil Nadu 33 TN
28 Telangana 36 TS
29 Tripura 16 TR
30 Uttar Pradesh 09 UP
31 Uttarakhand 05 UK
32 West Bengal 19 WB

Union Territory TIN State Code

01 Andaman and Nicobar Islands 35 AN
02 Chandigarh 04 CH
03 Dadra & Nagar Haveli and Daman &
26 DNHDD
Diu
04 Ladakh 38 LA
05 Other Territory 97 OT

27
VCC VISUAL COMPUTER CENTRE 9940553503

27. How to create Goods and Service Tax (GST) Ledgers in Tally Prime?
 Create Company
 Company Name : Visual Enterprises
 State : Tamilnadu
 Financial Year : 1.4.2023
 Enable GST : YES (GST No. - 33ASDFG1547E2D1) – Save
 Back to Gateway of Tally – Create - Ledger
GST Ledger Creations
Name CGST SGST IGST
Under Duties & Taxes Duties & Taxes Duties & Taxes
Type of Duty Tax GST GST GST
Tax Type Central Tax State Tax Integrated Tax
Percentage Calculation 0 0 0
Rounding Method Normal Rounding Normal Rounding Normal Rounding
Rounding Limit 1 1 1

28. How to Calculate CGST & SGST amount to purchase entries in Tally Prime?

TAX INVOICE(PURCHASE)
Consignee (Ship to) Invoice No. Dated
Visual Enterprises 1 1-May-23
No.22/24, 3rd Street,
Pulianthope, Chennai-12. Supplier Invoice No. & Other Reference
GSTIN/UIN: 33ASDFG1547E2D1 Date
State Name: Tamil Nadu, Code: 33
Supplier (Bill from) HT0001 Mr. Ram
HIGHTECH ENTERPRISES dt. 1-May-23
No.10, 2nd Main Road
Bhavani Nagar,
Velachery, Chennai-42.
State Name: TamilNadu Code: 33
Sl No Description of Goods Qty Rate Per Amount
1 CHARGER(8517) 50 200 NOS 10,000
2 HEADPHONE(8503) 100 300 NOS 30,000
3 EARPHONE(8504) 100 150 NOS 15,000
4 LITHIUM-ION BATTERY(8505) 150 500 NOS 75,000
5 POWER BANK(8506) 100 1,200 NOS 1,20,000
6 MEMORY CARD(8523) 70 400 NOS 28,000
7 USB CABLE(4857) 50 120 NOS 6,000
8 SPEAKER(8518) 50 250 NOS 12,500
9 TEMPERED GLASS(3923) 300 60 NOS 18,000
3,14,500
CGST 28,305
SGST 28,305
Total 970 3,71,110
Amount Chargeable (in words) E. & O.E
INR Three Lakh Seventy One Thousand Seven Hundred
Ten Only
Company GSTIN/UIN : 33AFDED5487E5ZD

for HIGHTECH ENTERPRISES

( Authorised Signatory )

28
VCC VISUAL COMPUTER CENTRE 9940553503

Answer:
 Back to Gateway of Tally
 Create
 Stock Group
Stock Group Creation
Name Under Should Quantities of Item be added
Mobile Accessories Primary Yes
 Save
 Back to List of Masters
 Unit
Unit Creation
Type Symbol Formal Name UQC Decimal Place
Simple Nos Numbers Nos – Numbers 0

 Save
 Back to List of Masters
 Stock Item
Stock Item Creations
Name Charger Head Phone Earphone
Under Mobile Accessories Mobile Accessories Mobile Accessories
Unit Nos Nos Nos
GST Applicable Applicable Applicable Applicable
Set/Alter GST Details Yes Yes Yes
Description Mobile Accessories Mobile Accessories Mobile Accessories
HSN/SAC 8517 8503 8504
Calculation Type On Value On Value On Value
Taxability Taxable Taxable Taxable
Integrated Tax 18% 18% 18%
Central Tax 9% 9% 9%
State Tax 9% 9% 9%
Cess 0% 0% 0%
Enter Enter Enter
Type of Supply Goods Goods Goods
Save Save Save

Stock Item Creations

Name Lithium Ion Battery Power Bank Memory Card
Under Mobile Accessories Mobile Accessories Mobile Accessories
Unit Nos Nos Nos
GST Applicable Applicable Applicable Applicable
Set/Alter GST Details Yes Yes Yes
Description Mobile Accessories Mobile Accessories Mobile Accessories
HSN/SAC 8505 8506 8523
Calculation Type On Value On Value On Value
Taxability Taxable Taxable Taxable

29
VCC VISUAL COMPUTER CENTRE 9940553503

Integrated Tax 18% 18% 18%

Central Tax 9% 9% 9%
State Tax 9% 9% 9%
Cess 0% 0% 0%
Enter Enter Enter
Type of Supply Goods Goods Goods
Save Save Save

Stock Item Creations

Name USB Cable Speaker Tempered Glass
Under Mobile Accessories Mobile Accessories Mobile Accessories
Unit Nos Nos Nos
GST Applicable Applicable Applicable Applicable
Set/Alter GST Details Yes Yes Yes
Description Mobile Accessories Mobile Accessories Mobile Accessories
HSN/SAC 4857 8518 3923
Calculation Type On Value On Value On Value
Taxability Taxable Taxable Taxable
Integrated Tax 18% 18% 18%
Central Tax 9% 9% 9%
State Tax 9% 9% 9%
Cess 0% 0% 0%
Enter Enter Enter
Type of Supply Goods Goods Goods
Save Save Save

 Back to Gateway of Tally

 Voucher

Purchase No.01 – [F9]

Date 1.5.2023
Supplier Invoice No. HT001
Party’s A/C Name Alt + C
Name Hitech Enterprises
Under Sundry Creditors
Maintain Balance bill by bill Yes
Address No.10, Purasaiwakkam, Chennai-74.
Registration Type Regular
GST No. 33ASDHT5544T66G
Save
Purchase Ledger Alt + C
Name Cash Purchase
Under Purchase A/C
Type of Supply Goods
Save

30
VCC VISUAL COMPUTER CENTRE 9940553503

Name of Item Qty Rate Amount

Charger 50 200 10,000
Headphone 100 300 30,000
Earphone 100 150 15,000
Lithium Ion Battery 150 500 75,000
Power Bank 100 1,200 1,20,000
Memory Card 70 400 28,000
USB Cable 50 120 6,000
Speaker 50 250 12,500
Tempered Glass 300 60 18,000
3,14,500
CGST 28,305
SGST 28,305
Total 970 3,71,110
New Ref. Bill No.HT001 - Save

 Back to Gateway of Tally

 Day Book - Select Purchase Voucher - Enter
 Print – Ctrl + P - Preview

29. How to Calculate IGST amount to purchase entries in Tally Prime?

TAX INVOICE(PURCHASE)
Consignee (Ship to) Invoice No. Dated
Visual Enterprises 2 2-May-23
No.22/24, 3rd Street, Supplier Invoice No. &
Pulianthope, Chennai-12. Date Other Reference
GSTIN/UIN: 33ASDFG1547E2D1
State Name: Tamil Nadu, Code: 33
Supplier (Bill from) HM0001 Mr. Arun
HIGH MOON ENTERPRISES dt. 2-May-23
No.16, Dontad Street,
Chatrapathi Sivaji Terminus
Mumbai, Maharastra - 4000033.
State Name: Maharastra Code: 27
Sl No Description of Goods Qty Rate Per Amount
1 REDMI NOTE 10 PRO(8517) 100 17,000 NOS 17,00,000
17,00,000

IGST 2,04,000
Total 100 NOS 19,04,000
Amount Chargeable (in words) E. & O.E
INR Nineteen Lakh Four Thousand Only
Company GSTIN/UIN : 27HMADE6878D4S1

for HIGH MOON ENTERPRISES

( Authorized Signature )

31
VCC VISUAL COMPUTER CENTRE 9940553503

Answer:
 Back to Gateway of Tally
 Create
 Stock Group
Stock Group Creation
Name Under Should Quantities of Item be added
Mobile Primary Yes

 Save
 Back to List of Masters
 Stock Item
Stock Item Creation
Name Redmi Note 10 Pro
Under Mobile
Unit Nos
GST Applicable Applicable
Set/Alter GST Details Yes
Description Mobile
HSN/SAC 8517
Calculation Type On Value
Taxability Taxable
Integrated Tax 12%
Central Tax 6%
State Tax 6%
Cess 0%
Enter
Type of Supply Goods
Save

 Back to Gateway of Tally

 Voucher

Purchase No.02 – [F9]

Date 2.5.2023
Supplier Invoice No. HM002
Party’s A/C Name Alt + C
Name High Moon Enterprises
Under Sundry Creditors
Maintain Balance bill by bill Yes
Address No.16, Chatrapathi Sivaji Terminus
Mumbai, Maharashtra – 400 003
Registration Type Regular
GST No. 27ASDHM5544T66G
Save
Purchase Ledger Cash Purchase
Enter

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VCC VISUAL COMPUTER CENTRE 9940553503

Name of Item Qty Rate Amount

Redmi Note 10 Pro 100 17,000 17,00,000
17,00,000
IGST 12% 2,04,000
Total 100 19,04,000
New Ref. Bill No.HM001 - Save

 Back to Gateway of Tally

 Day Book
 Select Purchase Voucher No.02
 Enter
 Print – Ctrl + P - Preview

30. How to Calculate CGST & SGST amount to Sales Entries in Tally Prime?

SALES INVOICE
Consignee (Ship to) Invoice No. Dated
Visual Enterprises PE001 31-May-23
No.22/24, 3rd Street,
Pulianthope, Chennai-12.
GSTIN/UIN: 33ASDFG1547E2D1
State Name: Tamil Nadu, Code: 33
Buyer (Bill to)
PANDI ENTERPRISES
No.45, 8th Cross Street,
Mattuthavani,
Madurai – 07.
State Name: TamilNadu Code: 33
GSTIN/UIN: 33EFEDF5698D64C
Sl No Description of Goods Qty Rate Per Amount
1 CHARGER(8517) 50 250 NOS 12,500
2 HEADPHONE(8503) 100 400 NOS 40,000
3 EARPHONE(8504) 100 200 NOS 20,000
4 LITHIUM-ION BATTERY(8505) 150 600 NOS 90,000
5 POWER BANK(8506) 100 1,400 NOS 1,40,000
6 MEMORY CARD(8523) 70 450 NOS 21,500
7 USB CABLE(4857) 50 140 NOS 7,000
8 SPEAKER(8518) 50 300 NOS 15,000
9 TEMPERED GLASS(3923) 300 80 NOS 24,000
3,80,000
CGST 34,200
SGST 34,200
Total 970 4,48,400
Amount Chargeable (in words) E. & O.E
INR Three Lakh Eighty Six Thousand Fourteen Only

for VISUAL COMPUTER CENTER

( Authorized Signature )

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VCC VISUAL COMPUTER CENTRE 9940553503

Answer:

 Back to Gateway of Tally

 Voucher

Sales No.01 – [F8]

Date 31.5.2023
Party’s A/C Name Alt + C
Name PANDI ENTERPRISES
Under Sundry Debtors
Maintain Balance bill by bill Yes
Address No.45, 8th Cross Street, Mattuthavani, Madurai - 07
Registration Type Regular
GST No. 33ASDSM5544T66G
Save
Sales Ledger Alt + C
Name Cash Sales
Under Sales A/C
Type of Supply Goods
Save
Name of Item Qty Rate Amount
Charger 50 250 12,500
Headphone 100 400 40,000
Earphone 100 200 20,000
Lithium Iron Battery 150 600 90,000
Power Bank 100 1,400 1,40,000
Memory Card 70 450 31,500
USB Cable 50 140 7,000
Speaker 50 300 15,000
Tempered Glass 300 80 24,000
3,80,000
CGST 9% 34,200
SGST 9% 34,200
Total 970 4,48,400
New Ref. Bill No.PE001 - Save

 Back to Gateway of Tally

 Day Book
 Select Sales Voucher
 Enter
 Print – Ctrl + P  Preview

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VCC VISUAL COMPUTER CENTRE 9940553503

31. How to Calculate IGST amount to Sales Entries in Tally Prime?

SALES INVOICE
Consignee (Ship to) Invoice No. Dated
Visual Enterprises WM002 31-May-23
No.22/24, 3rd Street,
Pulianthope, Chennai-12.
GSTIN/UIN: 33ASDFG1547E2D1
State Name: Tamil Nadu, Code: 33
Buyer (Bill to)
World Mobile
No.18, 2nd Cross Street
Attur, Bangalore
Karnataka - 64.
State Name: Karnataga Code: 29
GSTIN/UIN: 29ASEXP8987E2SE
Sl No Description of Goods Qty Rate Per Amount
1 REDMI NOTE 10 PRO(8517) 100 18,000 NOS 18,00,000

18,00,000
IGST 2,16,000

Total 100 20,16,000

Amount Chargeable (in words) E. & O.E
INR Twenty Lakh Sixteen Thousand Only

for VISUAL COMPUTER CENTRE

( Authorized Signature )
 Back to Gateway of Tally
 Voucher

Sales No.02 – [F8]

Date 31.5.2023
Party’s A/C Name Alt + C
Name World Mobiles
Under Sundry Debtors
Maintain Balance bill by bill Yes
Address No.18, 2nd Cross Street,Bangalore,Karnataka-64
Registration Type Regular
GST No. 29ASDWM5544T66G
Save
Sales Ledger Cash Sales
Enter
Name of Item Qty Rate Amount
Redmi Note 10 Pro 100 18,000 18,00,000
18,00,000
IGST 12% 2,16,000
Total 100 20,16,000
New Ref. Bill No.WM002 - Save

35
VCC VISUAL COMPUTER CENTRE 9940553503

 Back to Gateway of Tally

 Day Book
 Select Sales Voucher No.02
 Enter
 Print – Ctrl + P
 Preview

Output:
 Back to Gateway of Tally
 Profit & Loss A/C
 Detailed View – Alt + F1
 Net Profit = 1,65,500

32. How to export Tally Reports to HTML, 33. How to back up a company?
PDF and EXCEL format in Tally Prime?
 Back to gateway of tally
 To open any one tally reports
 Data (Alt + Y)
 Export (ctrl + E)
 Backup
 Configure
 Backup designation path
 Export settings
 Specify path
 File format (PDF)
 Paste the path
 Export to
 Enter
 Local drive
 Company name
 Folder path
 To select backup company name
 Specify path
 Enter
 Paste the path
 End of list
 Enter
 Save
 File name ( balance sheet)
 Company (Alt + K )
 Ctrl + A (Save)
 Alter
 Send
 Alt + D (Delete) – Yes - Yes

34. How to restore a company? 35. How to split company in Tally Prime?
 Data (Alt + Y)  Data (Alt + Y)
 Restore  Split
 Specify path  Split data
 Paste the path  Company name
 To select restore company name  Split from
 ENTER  Save
 End of list  YES
 Save – Refresh[Press Esc Two Times]

36
VCC VISUAL COMPUTER CENTRE 9940553503

36. How to create budget in Tally Prime?

The main purpose of budgeting is to control the expenditure .This is possible by creating budgets
and comparing the budgeted amount against the actual amount .Tally generates report based on
view the variance between the actual and budgeted amount.
Types of budgets:
 On Closing Balance (Assets)
 On Net Transection (Expenses)

Budget for the financial year of 1.5.23 to 31.5.23

 Title of the budget – Financial Budget
 Period of budget – 1.5.23 to 31.5.23

Ledger Name Estimated Amount in Rs.

Salary 50,000
Telephone 20,000
Wages 25,000
Inward Charges 15,000
Outward Charges 20,000

Transaction during the period of May:

May 01 - Capital received was Rs.1,50,000 by cash
May 01 - Paid salary was Rs.20,000 by cash
May 02 - Paid wages Rs.10,000 by cash
May 02 - Dividend received was Rs.30,000 by cash
May 02 - Paid Telephone charges was Rs.7,500 by cash
May 31 - Paid Inward charges was Rs.3,000 by cash
May 31 - Paid Outward charges was Rs.4,000 by cash

Output:
Particulars Financial Budget Actual Financial Budget Variance
Outward Charges 20,000 4,000 20% 16,000 80%
Salary 50,000 20,000 40% 30,000 60%
Telephone Charges 20,000 7,500 37.50% 12,500 62.50%
Grand Total 90,000 31,500 35.00% 58,500

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VCC VISUAL COMPUTER CENTRE 9940553503

Answer:

 Create Company
 Company Name : Visual Enterprises
 State : Tamilnadu
 Address : No.76, Ashtabujam Road, Choolai, Chennai-112.
 Financial Year : 1.4.2023
 Enable GST : No
 Save : Ctrl + A
 Back to Gateway of Tally
 Create
 Show More - Budget
Budget Creation
Name Financial Budget
Under Primary
From To Group
1.5.2023 31.5.2023 Yes
Group Budget Under Financial Budget
Group Name Type of Budget Amount
Indirect Expenses On Net Transaction 90,000
Direct Expenses On Net Transaction 40,000
Enter
Ledger
Yes
Account Name Type of Budget Amount
1. Alt + C
Name: Salary On Net Transaction 50,000
Under: Indirect Expenses
2. Alt + C
Name: Telephone Charges On Net Transaction 20,000
Under: Indirect Expenses
3. Alt + C
Name: Outward Charges On Net Transaction 20,000
Under: Indirect Expenses
4. Alt + C
Name: Wages On Net Transaction 25,000
Under: Direct Expenses
5. Alt + C
Name: Inward On Net Transaction 15,000
Under: Direct Expenses
Enter - Save
 Back to Gateway of Tally
 Voucher

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VCC VISUAL COMPUTER CENTRE 9940553503

Transaction: May 01 – Capital Received was Rs.1,50,000 by Cash

Receipt No.01 – [F6]
Date Particulars Debit Credit
Cr. Alt + C
Name: Capital 1,50,000
1.5.2023
Under: Capital A/C
Dr. Cash 1,50,000

Transaction: May 01 – Paid Salary was Rs.20,000 by Cash

Payment No.01 – [F5]
Date Particulars Debit Credit
Dr. Salary 20,000
1.5.2023
Cr. Cash 20,000

Transaction: May 02 – Paid Wages was Rs.10,000 by Cash

Payment No.02 – [F5]
Date Particulars Debit Credit
Dr. Wages 10,000
2.5.2023
Cr. Cash 10,000

Transaction: May 02 – Dividend Received was Rs.30,000 by Cash

Receipt No.02 – [F6]
Date Particulars Debit Credit
Cr. Alt + C
Name: Dividend Received 30,000
2.5.2023
Under: Indirect Income
Dr. Cash 30,000

Transaction: May 02 – Paid Telephone charges was Rs.7,500 by Cash

Payment No.03 – [F5]
Date Particulars Debit Credit
Dr. Telephone Charges 7,500
2.5.2023
Cr. Cash 7,500

Transaction: May 31 – Paid Inward Charges was Rs.3,000 by Cash

Payment No.04 – [F5]
Date Particulars Debit Credit
Dr. Inward Charges 3,000
31.5.2023
Cr. Cash 3,000

Transaction: May 31 – Paid Outward charges was Rs.4,000 by Cash

Payment No.05 – [F5]
Date Particulars Debit Credit
Dr. Outward Charges 4,000
31.5.2023
Cr. Cash 4,000

39
VCC VISUAL COMPUTER CENTRE 9940553503

 Back to Gateway of Tally

 Display More Reports
 Trial Balance
 Detailed View – Alt + F1
 Change Period – Alt + F2
 From: 1.5.2023
 To: 31.5.2023
 Enter
 Press F4 Key
 Name of Group : Indirect Expenses
 Create New Column – Alt + C

Column Details
From 1.5.2023
To 31.5.2023
Type of value to show Financial Budget
Show Variance Yes
Name of Group Indirect Expenses
Enter
Show Budget Variance F10
Budget Financial Budget
Enter

Output:

Particulars Financial Budget Actual Financial Budget Variance

Outward Charges 20,000 4,000 20% 16,000 80%

Salary 50,000 20,000 40% 30,000 60%

Telephone Charges 20,000 7,500 37.50% 12,500 62.50%

Grand Total 90,000 31,500 35.00% 58,500

40
VCC VISUAL COMPUTER CENTRE 9940553503

37. How to calculate Interest Payable and Interest Receivable amount in Tally Prime?
Interest is a reasonable return on money invested and chargeable in the business world on loans
and on delayed payments.

Transactions during the period:

May 01 - Goods purchased on credit from John & Co was Rs.1,50,000
[Bill No.05 Days = 10]
 Rate : 5%
 Interest Style : 365 Day Year
 Interest Balance : All Balance
 Applicability : Past Due Date
 By : 10 Days
 Calculate from : Due Date of Invoice/Ref
 Rounding : Normal Rounding
 Limit :1
May 02 - Goods sold credit to Sam & Co was Rs.2,00,000 [Bill No.12]
 Rate : 10%
 Interest Style : 365 Day Year
 Interest Balance : All Balance
 Applicability : Always
 Calculate from : Eff. Date of Transactions
 Rounding : Normal Rounding
 Limit :1
May 31 - Amount received from Sam & Co was Rs.2,00,000 [Agst Ref. Bill No.12]
May 31 - Amount paid to John & Co was Rs.1,50,000 [Agst Ref. Bill No.05]

Output:
 Interest Receivable Amount = 1,589.00
 Interest Payable Amount = 411.00

41
VCC VISUAL COMPUTER CENTRE 9940553503

Answer:
 Create Company
 Company Name : Visual Enterprises
 State : Tamilnadu
 Financial Year : 1.4.2023
 Enable Interest Calculation : Yes
 Enable GST : No
 Save : Ctrl + A
 Back to Gateway of Tally
 Vouchers
Transaction: Goods purchased on credit from John & Co was Rs.1,50,000 Bill No.05, Days=10
Purchase No.01 – [F9]
Change Mode – Ctrl + H  As Voucher
Date Particulars Debit Credit
1.5.2023 Cr. Alt + C 1,50,000
Name: John & Co New Ref.
Under: Sundry Creditors Bill No. 05
Maintain Balance bill by bill : Yes Days = 10
Activate Interest Calculation : Yes
Interest Parameters:
Calculate interest transection by transaction : Yes
Override parameters for each transaction : Yes
Override advanced parameters : Yes
Rate : 5%
Interest Style : 365 Day Year
Interest Balance : All Balance
Applicability : Past Due Date
By : 10 Days
Calculate from : Due Date of Invoice/Ref
Rounding : Normal Rounding
Limit : 1
Enter - Save
Dr. Alt + C
Name: Credit Purchase 1,50,000
Under: Purchase A/C

Interest Receivable Transactions:

Transaction: Goods sold on credit to Sam & Co as Rs.2,00,000 [Bill No.12]
Sales No.01 – [F8]
Change Mode – Ctrl + H  As Voucher
Date Particulars Debit Credit
2.5.2023 Dr. Alt + C 2,00,000
Name: Sam & Co New Ref.
Under: Sundry Debtors Bill No.12
Maintain Balance bill by bill : Yes
Activate Interest Calculation : Yes

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VCC VISUAL COMPUTER CENTRE 9940553503

Interest Parameters:
Calculate interest transection by transaction : Yes
Override parameters for each transaction : Yes
Override advanced parameters : Yes
Rate : 10%
Interest Style : 365 Day Year
Interest Balance : All Balance
Applicability : Always
Calculate from : Eff. Date of Transactions
Rounding : Normal Rounding
Limit : 1
Enter – Save
Cr. Alt + C
Name: Credit Sales 2,00,000
Under: Sales A/C

Transaction: Amount received from Sam & Co was Rs.2,00,000 by Cash [Against Ref. Bill No.12]
Receipt No.01 – [F6]
Date Particulars Debit Credit
Cr. Sam & Co 2,00,000
31.5.2023 Agst Ref.
Bill No.12
Dr. Cash 2,00,000

Transaction: Amount paid to John & Co was Rs.1,50,000 by Cash [Against Bill No.05]
Payment No.01 – [F5]
Date Particulars Debit Credit
Dr. John & Co 1,50,000
31.5.2023 Against Ref.
Bill No.05
Cr. Cash 1,50,000

 Back to Gateway of Tally

 Display More Reports
 Statements of Accounts
 Interest Calculation

Output:
Interest Receivable Interest Payable
Opening Opening
Date Ref.No Interest Date Ref.No Interest
Amt Amt
3.5.23 to 31.5.23 12.5.23to31.5.23
2.5.23 Difference = 29 2,00,000 1,589.00 1.5.23 Difference = 20 1,50,000 411.00
Rate = 10% Rate = 5%

43
VCC VISUAL COMPUTER CENTRE 9940553503

38. How to calculate Interest for stock value in Tally Prime?

Interest is a reasonable return on money invested and chargeable in the business world on loans
and on delayed payments.
Transactions during the period:
May 01 - Goods purchased from credit to Health Care Industries for the given interest
 Rate : 5%
 Interest Style : 365 Day Year
 Interest Balance : Credit Balance
 Applicability : Past Due Date
 By : 15 Days
 Calculate from : Due Date of Invoice/Ref
 Rounding : Normal Rounding
 Limit :1
For given goods,
Name of Item Quantity Rate Amount
Horlicks 300 Pac 180 54,000
Boost 500 Pac 200 1,00,000
Bornvita 400 Pac 190 76,000
Grand Total 1200 Pac 2,30,000

May 02 - Goods sold to Good Will Super Market for the given interest
 Rate : 10%
 Interest Style : 365 Day Year
 Interest Balance : Debit Balance
 Applicability : Always
 Calculate from : Eff. Date of Transaction
 Rounding : Normal Rounding
 Limit :1
For given goods,
Name of Item Quantity Rate Amount
Horlicks 300 Pac 200 60,000
Boost 500 Pac 220 1,10,000
Bornvita 400 Pac 210 84,000
Grand Total 1200 Pac 2,54,000

Output:
 Interest Receivable Amount = 2,088
 Interest Payable Amount = 504
May 31 - Issued debit note against Good Will Super Market was Rs.2088
May 31 - Issued credit note against Health Care Industries was Rs.504
May 31 - Amount Received from Goods Will Super Market was Rs.2,56,088
May 31 - Amount paid to Health Care Industries was Rs.2,30,504

Output:
 Net Profit = 25,584

44
VCC VISUAL COMPUTER CENTRE 9940553503

Answer:
 Create Company
 Company Name : Visual Enterprises
 State : Tamilnadu
 Financial Year : 1.4.2023
 Enable Interest Calculation : Yes
 Enable GST : No
 Save : Ctrl + A
 Back to Gateway of Tally
 Vouchers
Transaction: Goods purchased on credit from Health Care Industries for given followings
Purchase No.01 – [F9]
Date 1.5.2023 Supplier Invoice No. HCI001
Party’s A/C Name : Alt + C
Name: Health Care Industries
Under: Sundry Creditors
Maintain Balance bill by bill: Yes
Activate Interest Calculation: Yes
Interest Parameters:
Calculate interest transection by transaction :
Yes
Override parameters for each transaction : Yes
Override advanced parameters : Yes
For amount added: Yes
For amount deducted: Yes
Rate : 5%
Interest Style : 365 Day Year
Interest Balance : Credit Balance
Applicability : Past Due Date
By : 15 Days
Calculate from : Due Date of Invoice/Ref
Rounding : Normal Rounding
Limit : 1
Enter - Save
Purchase Ledger: Alt + C
Name: Credit Purchase
Under: Purchase A/C
Name of item Quantity Rate Amount
1. Alt + C
Name: Horlicks
Under: Alt + C
Name: Beverages 300 Pack 180 54,000
Under: Primary
Should Quantities of Item be
added : Yes

45
VCC VISUAL COMPUTER CENTRE 9940553503

Save
Units: Alt + C
Type: Simple
Symbol: Pack
Formal Name: Packs
Number of decimal Places: 0
Save
2. Alt + C
Name: Boost
Under: Beverages 500 Packs 200 1,00,000
Unit: Packs
Save
3. Alt + C
Name: Bornvita
Under: Beverages 400 Packs 190 76,000
Unit: Packs
Save
Grand Total 1200 Packs 2,30,000
New Ref. Bill No.HCI001, Days = 15, Save

Transaction: Goods sold to Good Will Super Market for given interest
Sales No.01 – [F8]
Date 2.5.2023
Party’s A/C Name : Alt + C
Name: Good Will Super Market
Under: Sundry Debtors
Maintain Balance bill by bill: Yes
Activate Interest Calculation: Yes
Interest Parameters:
Calculate interest transection by transaction :
Yes
Override parameters for each transaction : Yes
Override advanced parameters : Yes
For amount added: Yes
For amount deducted: Yes
Rate : 10%
Interest Style : 365 Day Year
Interest Balance : Debit Balance
Applicability : Always
Calculate from : Eff. Date of Transaction
Rounding : Normal Rounding
Limit : 1
Enter - Save
Sales Ledger: Alt + C
Name: Credit Sales
Under: Sales A/C

46
VCC VISUAL COMPUTER CENTRE 9940553503

Name of item Quantity Rate Amount

Horlicks 300 Packs 200 60,000
Boost 500 Packs 220 1,10,000
Bornvita 400 Packs 210 84,000
Grand Total 1200 Packs 2,54,000
New Ref. Bill No.GW002, Save

To check Interest Receivable and Interest Payable amount?

 Back to Gateway of Tally
 Display More Reports
 Statements of Account
 Interest Calculation
 Interest Receivable / Interest Payable
 Change Period – Alt + F2
 From: 1.5.2023
 To: 31.05.2023
 To display Interest Receivable and Interest Payable Amounts

Output:
Interest Receivable = 2,088 Dr
Interest Payable = 504 Cr

How to transfer interest amount to party’s ledger?

 Back to Gateway of Tally
 Alter
 Voucher Type
 Credit Note
 Name of Class: Interest Payable
 Enter
 Use class for interest accounting : Yes
 Amount to be Treated as compound interest: Yes
 Save

 Back to list of voucher type

 Debit Note
 Name of Class: Interest Receivable
 Enter
 Use class for interest accounting : Yes
 Amount to be Treated as compound interest: Yes
 Save

 Back to Gateway of Tally

 Voucher

47
VCC VISUAL COMPUTER CENTRE 9940553503

Transaction: Issued debit note against Good Will Super Market was Rs.2,088
Debit Note No.01 – [Alt + F5]
Voucher Type
Name: Debit Note
Class: Interest Receivable
Date Particulars Debit Credit
Dr. Good Will Super Market
31.5.2023 Bill No. GW002 2,088
Enter
Cr. Alt + C
Name: Purchase Return 2,088
Under: Purchase A/C

Transaction: Issued credit note against Health Care Industries was Rs.504
Credit Note No.01 – [Alt + F6]
Voucher Type
Name: Credit Note
Class: Interest Payable
Date Particulars Debit Credit
Cr. Health Care Industries
31.5.2023 Bill No. HCI001 504
Enter
Dr. Alt + C
Name: Sales Return 504
Under: Sales A/C

Transaction: Amount received from Good Will Super Market was Rs.2,56,088 by Cash [Against
Ref. Bill No.GW002]
Receipt No.01 – [F6]
Date Particulars Debit Credit
Cr. Good will Super Market 2,56,088
31.5.2023 Agst Ref.
Bill No.GW002
Dr. Cash 2,56,088

Transaction: Amount paid to Health Care Industries was Rs.2,30,504 by Cash[Against BillNo.HCI001]
Payment No.01 – [F5]
Date Particulars Debit Credit
Dr. Health Care Industries 2,30,504
31.5.2023 Against Ref.
Bill No.HCI001
Cr. Cash 2,30,504
 Back to Gateway of Tally
 Profit & Loss A/C
 Detailed View – Alt + F1
Output:
Net Profit = 25,584

48
VCC VISUAL COMPUTER CENTRE 9940553503

39. How to use Bank Reconciliation Statement?

Bank reconciliation is cross verified in the book statement. It is very important process in a
company. It helps to explain the difference between company bank balance and company accounts
in a particular period.
Opening Balance:
 Capital - 5,00,000
 Cash - 2,00,000
 Indian Bank - 3,00,000
Transactions during the period:
May 01 - Paid Telephone charges by cheque was Rs.2000 [Cheque No.25131]
May 01 - Commission received b cheque was Rs.10,000 [Cheque No.75461]
May 01 - Salary paid by cheque was Rs.10,000 [Cheque No.25132]
May 01 - Dividend received by cheque Rs.29,000 [Cheque No.13555]
May 01 - Paid Rent by cheque was Rs.4,000 [Cheque No.25134]
May 01 - Cash deposit in to the bank was Rs.20,000
May 01 - Paid Trade Expenses by cheque was Rs.8750 [Cheque No.25135]

Bank Statement for the month of May:

Date Particulars Ref. Dr. Cr. Balance
1.5.2023 Opening Balance 3,00,000
2.5.2023 Telephone Charges 25131 2,000 2,98,000
2.5.2023 Interest Received 370 2,98,370
2.5.2023 Salary Paid 25132 10,000 2,88,370
2.5.2023 Cash 10,000 2,98,370
2.5.2023 Dividend 13555 29,000 3,27,370
2.5.2023 EB Changes 25133 2,500 3,24,870
2.5.2023 Rent 25134 4,000 3,20,870
2.5.2023 Cash 10,000 3,30,870
Closing Balance 3,30,870

Output:
 Balance as per company book - 3,52,120
 Amount not reflected in Bank - 30,000 Dr Credit
 Balance as per Bank - 3,30,870 8,750 Cr

49
VCC VISUAL COMPUTER CENTRE 9940553503

Answer:
 Create Company
 Company Name : Visual Enterprises
 State : Tamilnadu
 Financial Year : 1.4.2023
 Enable GST : No
 Save : Ctrl + A
 Back to Gateway of Tally
 Create
 Ledger

Ledger Creation
Name Under Debit Credit
Capital Capital account 5,00,000
Cash (Page up) Cash-in-hand 2,00,000
Indian bank Bank account 3,00,000
Total Opening Balance 5,00,000 5,00,000
Save

 Back to gateway of tally

 Vouchers

May 01 – Paid Telephone charges was Rs.2,000 by cheque(25131)

Payment No.1[F5]
Date Particulars Debit Credit
Dr. Alt + c
Name: Telephone charges 2,000
1.5.2023
Under: Indirect expenses
Cr. Indian bank 2,000
Cheque No.25131 - Save

Receipt No.1[F6]
Date Particulars Debit Credit
Cr. Alt + C 10,000
1.5.2023 Name: Commission Received
Under: Indirect Income
Dr. Indian bank 10,000
Cheque No.75461 - Save

Payment No.2[F5]
Date Particulars Debit Credit
Dr. Alt + C 10,000
Name: Salary
1.5.2023
Under: Indirect Expenses
Cr. Indian bank 10,000
Cheque No. 25132 - Save

50
VCC VISUAL COMPUTER CENTRE 9940553503

Receipt No.2[F6]
Date Particulars Debit Credit
Cr. Alt + C 29,000
Name: Dividend Received
1.5.2023
Under: Indirect Income
Dr. Indian bank 29,000
Cheque No.13555 - Save

Payment No.3 - [F5]

Date Particulars Debit Credit
Dr. Alt + C 4,000
Name: Rent
1.5.2023
Under: Indirect Expenses
Cr. Indian bank 4,000
Cheque No.25134 - Save

Contra No.01 – [F4]

Date Particulars Debit Credit
Cr. Cash 20,000
1.5.2023
Dr. Indian bank 20,000
Save

Payment No.4 - [F5]

Date Particulars Debit Credit
Dr. Alt + C 8,750
Name: Trade Expenses
1.5.2023
Under: Indirect Expenses
Cr. Indian bank 8,750
Cheque No.25135 - Save
 Back to Gateway of Tally
 Display More Reports
 Accounts Book
 Cash/Bank Books
 Bank Account
 Indian Bank
 May
 Enter - Reconcile – Alt + R
Reconciliation
Date Particulars Bank Date
1.5.2023 Telephone Charges 2.5.2023
1.5.2023 Commission Received
1.5.2023 Salary 2.5.2023
1.5.2023 Dividend Received 2.5.2023
1.5.2023 Rent 2.5.2023
1.5.2023 Cash
1.5.2023 Trade Expenses
Save

51
VCC VISUAL COMPUTER CENTRE 9940553503

 Back to Gateway of Tally - Vouchers

Receipt No.3 - [F6]
Date Particulars Debit Credit
Cr. Alt + C
Name: Interest Received 370
1.5.2023
Under: Indirect Income
Dr. Indian bank 370
Save

Contra No.02 – [F4]

Date Particulars Debit Credit
Cr. Cash 10,000
1.5.2023
Dr. Indian bank 10,000
Save

Payment No.5 - [F5]

Date Particulars Debit Credit
Dr. Alt + C
Name: EB Charges 2,500
1.5.2023
Under: Indirect Expenses
Cr. Indian bank 2,500
Cheque No.25133 - Save

Contra No.03 – [F4]

Date Particulars Debit Credit
Cr. Cash 10,000
1.5.2023
Dr. Indian bank 10,000
Save
 Back to Gateway of Tally
 Display More Reports - Accounts Book - Cash/Bank Books
 Bank Account - Indian Bank – May - Enter - Reconcile – Alt + R
Reconciliation
Date Particulars Bank Date
1.5.2023 Commission Received
1.5.2023 Cash
1.5.2023 Trade Expenses
1.5.2023 Interest Received 2.5.2023
1.5.2023 Cash 2.5.2023
1.5.2023 EB Charges 2.5.2023
1.5.2023 Cash 2.5.2023
Save
 Reconcile – Alt + R
Output:
 Balance as per company book - 3,52,120
 Amount not reflected in Bank - 30,000 Dr Credit
 Balance as per Bank - 3,30,870 8,750 Cr

52
VCC VISUAL COMPUTER CENTRE 9940553503

40. How to create batch wise details including manufacturing date and expiry date in invoice?
This is useful for business that deals in goods that have expiry dates like medicines, foods and
other perishable goods.
Batch details are used to identify the movement of the inventory I batches or lot. Many business
organization also purchased in lot in order to monitor the lot purchased individually.

TAX INVOICE(PURCHASE)
Consignee (Ship to) Invoice No. Dated
BAYER INDIA PVT LTD 1 1-May-23
No.22/24, 3rd Street,
Pulianthope, Chennai-12. Supplier Invoice No. & Other Reference
GSTIN/UIN: 33ASDFG1547E2D1 Date
State Name: Tamil Nadu, Code: 33
Supplier (Bill from) SP0001 Mr. Ram
SUN PHARMACEUTICAL INDUSTRIES dt. 1-May-23
No.CD-3, Old Tower Bulk Street
Nandanam, Chennai-35.
State Name: TamilNadu Code: 33
Sl No Description of Goods Qty Rate Per Amount
1 B-COMPLEX 500 STRIP 30 STRIP 15,000
HSN Code : 3004 (10,000 TBS)

Where 20 TBS = 1 Strip

Batch: UFC115

MFG Date: 1.4.2023

EXPIRY Date: 31.03.2023

Total 500 STRIP 15,000

Amount Chargeable (in words) E. & O.E
INR Fifteen Thousand Only

Company GSTIN/UIN : 33AEDCZ9632E4D5

for SUM PHARMACEUTICALINDUSTRIES

( Authorized Signature )

53
VCC VISUAL COMPUTER CENTRE 9940553503

TAX INVOICE(PURCHASE)
Consignee (Ship to) Invoice No. Dated
BAYER INDIA PVT LTD 2 02-May-23
No.22/24, 3rd Street, Supplier Invoice No.
Pulianthope, Chennai-12. & Date Other Reference
GSTIN/UIN: 33ASDFG1547E2D1
State Name: Tamil Nadu, Code: 33
Supplier (Bill from) CL0002 Mr. Arun
CIPLA LTD dt. 02-May-23
No.18, 4th Street
Guindy, Chennai - 32.
State Name: Tamil Nadu Code: 33
Sl No Description of Goods Qty Rate Per Amount
1 ZERODOL 450 40 STRIP 18,00,000
HSN Code: 30004989 (6,750 TBS)

Where 15 TBS = 1 Strip

Batch : 23296

MFG Date: 1.4.2023

EXPIRY Date: 31.3.2023

1,080
CGST 1,080
SGST

Total 450 STRIP 20,160

Amount Chargeable (in words) E. & O.E
INR Twenty Thousand One Hundred Sixty Only

Company GSTIN/UIN : 33EFEDS3585E1DB

for CIPLA LTD

(Authorised Signatory )

54
VCC VISUAL COMPUTER CENTRE 9940553503

SALES INVOICE
Consignee (Ship to) Invoice No. Dated
BAYER INDIA PVT LTD 3 31-May-23
No.22/24, 3rd Street,
Pulianthope, Chennai-12.
GSTIN/UIN: 33ASDFG1547E2D1
State Name: Tamil Nadu, Code: 33
Buyer (Bill to)
MEDO PARMA PVT LTD
No.25, Puliyur 2nd Main Road
Kodambakkam, Chennai – 24.
State Name: TamilNadu Code: 33
GSTIN/UIN: 33ADEBS6585E2DS
Sl No Description of Goods Qty Rate Per Amount
1 ZERODOL(30004989) 450 STRIP 60.00 STRIP 27,000
Batch : 23296 (6,750 TBS)
MFG Date: 1.4.2023
EXPIRY Date: 31.3.2023

2 B-COMPLEX(3004) 500 45.00 STRIP 22,500

Batch: UPC115 STRIP
MFG Date: 1.4.2023 (10,000 TBS)
EXPIRY Date: 31.3.2023
49,500

CGST 1,620
SGST 1,620

Total 950 STRIP 52,740

Amount Chargeable (in words) E. & O.E
INR Fifty Two Thousand Seven Hundred Forty Only

Taxable Central Tax State Tax Total

HSN/SAC
Value Rate Amount Rate Amount Tax Amount
30004989 27,000 6% 1,620 6% 1,620 3,240
3004 22,500 0% 0%
Total 49,500 1,620 1,620 3,240
Tax Amount (in words) : INR Three Thousand Two Hundred Forty Only

for BAYER INDIA PVT LTD

Declaration
We declare that this invoice shows the actual
price of the goods described and that all
particulars are true and correct. ( Authorized Signatory )

55
VCC VISUAL COMPUTER CENTRE 9940553503

Answer:
 Create Company
 Company Name : Visual Enterprises
 State : Tamilnadu
 Financial Year : 1.4.2023
 Enable Batches : Yes
 Maintain Expiry date for Batches : Yes
 Enable GST : Yes
 GST No. : 33ASDVE1234D55G
 Save : Ctrl + A
 Back to Gateway of Tally
 Vouchers
Transaction: Goods purchased on credit from Sun Pharmaceutical Industries for the followings
 B-Complex 500strips(20 Tab = 1 Strip) @ Rs.30 each
Batch No.UFC115 MGF Date : 1.4.2023 EXPIRY Date: 31.3.2024 [ Bill No.SP001 ]
Purchase No.01 – [F9]
Date 1.5.2023
Supplier Invoice No. SP001
Party’s A/C Name Alt + C
Name Sun Pharmaceuticals Industries
Under Sundry Creditors
Maintain Balance bill by bill Yes
No.CD-03, Old Tower Street,
Address
Nanndanam, Chennai-35
GST No. 33AEDSP1478D99H
Save
Purchase Ledger Alt + C
Name Cash Purchase
Under Purchase A/C
Type of Supply Goods
Save
Name of Item Qty Rate Amount
1. Alt + C
Name: B-Complex
Under: Alt + C
Name: Tablet
Under: Primary
Should quantities of item be added: Yes
Save
Unit: Alt + C
Symbol: Strip
Formal Name: Strips
UQC Code – Strip – Strips
Decimal Place : 0
Save

56
VCC VISUAL COMPUTER CENTRE 9940553503

Configure – F12
Use Alternative Units – Yes
Enter
Alternative Units : Alt + C
Symbol: TBS
Under: Tablet
UQC Code : TBS – Tablet
Decimal Place : 0
Save
Alternative Unit : TBS
Where 20 TBS = 1 Strip
Maintain in Batches : Yes
Trace Date of manufacturing : yes
Use expiry Dates : Yes
GST Applicable : Applicable
Set/Alter GST Details: Yes
Description: Tablet
HSN/SAC Code: 3004
Calculation Type: On Value
Taxability : Nil Rated
Enter
Type of Supply : Goods
Reporting UQC = TBS – Tablet - Save
New Number Qty Rate Amount
UFC115 500 30 15,000
MFG Date Expiry Date
1.4.2023 31.3.2024
End of List – New Ref. Bill No.SP001 - Save

Transaction: Goods purchased on credit from Cipla Ltd for the followings
 Zerodol 450strips(15 Tab = 1 Strip) @ Rs.40 each
Batch No.23296 MGF Date : 1.5.2023 EXPIRY Date: 31.3.2023 [ Bill No.CL002 ]
Purchase No.02 – [F9]
Date 2.5.2023
Supplier Invoice No. CL002
Party’s A/C Name Alt + C
Name Cipla Ltd
Under Sundry Creditors
Maintain Balance bill by bill Yes
Address No.18, 4th Street, Guindy, Chennai-32.
GST No. 33ARTCP1458H99B
Save
Purchase Ledger Cash Purchase

57
VCC VISUAL COMPUTER CENTRE 9940553503

Name of Item Qty Rate Amount

1. Alt + C
Name: Zerodol
Under: Tablet
Unit: Strip
Alternative Unit : TBS
Where 15 TBS = 1 Strip
Maintain in Batches : Yes
Trace Date of manufacturing : yes
Use expiry Dates : Yes
GST Applicable : Applicable
Set/Alter GST Details: Yes
Description: Tablet
HSN/SAC Code: 30004989
Calculation Type: On Value
Taxability : Taxable
Integrated Tax : 12%
Central Tax : 6%
State Tax : 6%
Cess : 0%
Enter
Type of Supply : Goods
Reporting UQC = TBS – Tablet - Save
New Number Qty Rate Amount
23296 450 40 18,000
MFG Date Expiry Date
1.4.2023 31.3.2024
Alt + C  CGST 1,080
Alt + C  SGST 1,080
Total 20,160
End of List – New Ref. Bill No.CL002 - Save

Transaction: Goods sold to Medo Parma Pvt Ltd for the followings
 Zerodol 450strips @ Rs.60 each
 B-Complex 500strips @ Rs.45 each [ Bill No.MEDO003 ]
Sales No.01 – [F8]
Date 31.5.2023
Party’s A/C Name Alt + C
Name Medo Parma Pvt Ltd
Under Sundry Debors
Maintain Balance bill by bill Yes
No.25, Puliyur 2nd Main Road,
Address
Kodambakkam, Chennai – 24.
GST No. 33ABNMP1234H99M
Save
Sales Ledger Alt + C

58
VCC VISUAL COMPUTER CENTRE 9940553503

Name Cash Sales

Under Sales A/C
Type of Supply Goods
Save

Name of Item Qty Rate Amount

Zerodol
450 strips 60 27,000
Batch No.23296
B-Complex
500 strips 45 22,500
Batch No. UFC115
Total 49,500
CGST 1,620
SGST 1,620
Total 52,740
End of List – New Ref. Bill No.MEDO003 - Save

 Back to Gateway of Tally

 Day Book
 Print all three vouchers

 Back to Gateway of Tally

 Profit & Loss A/C
 Detailed View – Alt + F1

Output:

 Net Profit = 16,500

59
VCC VISUAL COMPUTER CENTRE 9940553503

41. How to enter zero value entries (Buy one Get one free)?

Zero Values - Tax Invoice(Purchase)

Consignee (Ship to) Invoice No. Dated
POWER SOAP PVT LTD 6 1-Jun-23
No.22/24, 3rd Street,
Pulianthope, Chennai-12. Supplier Invoice No. & Other Reference
GSTIN/UIN: 33VSSRV5879D1EF Date
State Name: Tamil Nadu, Code: 33
Supplier (Bill from) RS002 Mr. Ram
REAL SOAP PVT LTD DT. 1-Jun-23
No.12/14, New Colony Main Road,
West Saidapet, Chennai-40.
State Name: TamilNadu Code: 33
Sl No Description of Goods Qty Rate Per Amount
1 V CARE SOAP 500 100.00 NOS 50,000
2 DOVE SOAP 500 44.00 NOS 22,000
72,000

CGST 4,320
SGST 4,320

Total 1,000 80,640

Amount Chargeable (in words) E. & O.E
INR Eighty thousand Six Hundred Forty Only

Company GSTIN/UIN : 33AEEF06587D7GP

for REAL SOAP PVT LTD

Authorised Signatory

60
VCC VISUAL COMPUTER CENTRE 9940553503

Zero Values - Tax Invoice(Purchase)

Consignee (Ship to) Invoice No. Dated
POWER SOAP PVT LTD 7 2-Jun-21
No.22/24, 3rd Street,
Pulianthope, Chennai-12. Supplier Invoice No. & Other Reference
GSTIN/UIN: 33VCCRV5879D1EF Date
State Name: Tamil Nadu, Code: 33
Supplier (Bill from) RS003 Mr. Ram
REAL SOAP PVT LTD DT. 2-Jun-21
No.12/14, New Colony
Main Road ,
West Saidapet
Chennai-15.
State Name: TamilNadu Code: 33
Sl No Description of Goods Qty Rate Per Amount
1 V CARE SHAMPOO 50 Pac
2 DOVE SHAMPOO 50 Pac

Total 100
E. & O.E

Company GSTIN/UIN : 33AEEF06587D7GP

for REAL SOAP PVT LTD

Authorised Signatory

61
VCC VISUAL COMPUTER CENTRE 9940553503

Answer:
 Create Company
 Company Name : Visual Enterprises
 Address : No.76, Ashtabujam Road, Choolai, Chennai-112.
 State : Tamilnadu
 Financial Year : 1.4.2023
 Enable GST : YES
 GST No. : 33ASDFG1547G22T
 Save : Ctrl + A
 Back to Gateway of Tally
 Voucher
Purchase No.01 – [F9]
Date 1.6.2023
Supplier’s Invoice No. RS001
Party’s A/C Name Alt + C
Name Real Soap Pvt Ltd
Under Sundry Creditors
Maintain Balance bill by bill Yes
Address No.10, Purasaiwakkam, Chennai-
74.
Registration Type Regular
GST No. 33ASDHT5544T66G
Save
Purchase Ledger Alt + C
Name Cash Purchase
Under Purchase A/C
Type of Supply Goods
Save
Name of Item Qty Rate Amount
Alt + C
Name : V Care Soap
Under: Alt + C
Name: Skin Care
Under: Primary
Should Quantities of Item be added: Yes
Save
Unit: Alt + C
500 Nos 100 Nos 50,000
Type: Simple
Symbol: Nos
Formal Name: Numbers
UQC: Nos – Numbers
Number of decimal places: 0
Save
GST Applicable: Yes
Set or Alter GST Detail: Yes

62
VCC VISUAL COMPUTER CENTRE 9940553503

Description: Chemicals
HSN/SAC: 3401
Calculation Type: On Value
Taxability: Taxable
Integrated Tax: 12%
CGST: 6%
SGST: 6%
Enter
Type of Supply: Goods
Save
Alt + C
Name : Dove Soap
Under: Skin Care
Unit: Nos
GST Applicable: Yes
Set or Alter GST Detail: Yes
Description: Chemicals
HSN/SAC: 3401
500 Nos 44.00 22,000
Calculation Type: On Value
Taxability: Taxable
Integrated Tax: 12%
CGST: 6%
SGST: 6%
Enter
Type of Supply: Goods
Save
CGST 6% 4,320
SGST 6% 4,320
Total 1,000 Nos 80,640
New Ref. Bill No.RS001 - Save
 Back to Gateway of Tally
 Alter
 Voucher Type
 Purchase
 Allow Zero Value Transactions : Yes
 Save

 Back to Gateway of Tally

 Voucher

Purchase No.02 – [F9]

Date 2.6.2023
Supplier’s Invoice No. RS002
Party’s A/C Name Real Soap Pvt Ltd
Purchase Ledger Cash Purchase
Save

63
VCC VISUAL COMPUTER CENTRE 9940553503

Name of Item Qty Rate Amount

1. Alt + C
Name : V Care Shampoo
Under: Skin Care
Unit: Alt + C
Type: Simple
Symbol: Pac
Formal Name: Packs 50 Pac
UQC: Pac - Packs
Number of decimal places: 0
Save
GST Applicable: Yes
Type of Supply: Goods
Save
2. Alt + C
Name : Dove Shampoo
Under: Skin Care
Unit: Pac 50 Pac
GST Applicable: Yes
Type of Supply: Goods
Save
Total 100 Pac
New Ref. Bill No.RS002 - Save

 Back to Gateway of Tally

 Stock Summary
 Skin Care
 Enter

Output:
Particulars Quantity Rate Value
Dove Shampoo 50 Pac
Dove Soap 500 Nos 44.00 22,000
V Care Shampoo 50 Pac
V Care Soap 500 Nos 100.00 50,000
Grand Total 72,000

64
VCC VISUAL COMPUTER CENTRE 9940553503

42. How to set standard selling price in Tally Prime?

Standard Selling Price - Tax Invoice(Purchase)

Consignee (Ship to) Invoice No. Dated
Bharath Telecom Pvt Ltd 1 1-Apr-23
No.15, 1st Street,
Saidapet, Chennai-15. Supplier Invoice No. & Other Reference
GSTIN/UIN: 33ASDFG1547E2D1 Date
State Name: Tamil Nadu, Code: 33
Supplier (Bill from) DM0001
DREAM LINE MOBILE dt. 1-Apr-23
No.10, 1st Street
Mumbai, Maharastra - 400003
State Name: Maharastra Code: 27
Sl No Description of Goods Qty Rate Per Amount
1 REDMI NOTE 9S(8517) 20 9,500 NOS 1,90,000
2 REDMI Y2(8517) 10 9,000 NOS 90,000
3 REDMI NOTE 6 PRO(8517) 10 8,000 NOS 80,000
4 REDMI MI A2(8517) 10 10,200 NOS 1,02,000
4,62,000

IGST 12% 55,440

TRANSPORT CHARGES 7,000
TOLLGATE CHARGES 2,500
DOCUMENT CHARGES 895

Total 50 NOS 5,27,835

Amount Chargeable (in words) E. & O.E
INR Five Lakh Fifty Five Thousand Five Hundred
Fifty Five Only

Company GSTIN/UIN : 27AEDFE5478E1Z1

for DREAM LINE MOBILE

Authorised Signatory
Calculate Additional Charges:
Transport Charges = 7,000
Tollgate Charges = 2,500
Document Charges = 895
Total = 10,395
Calculate Material Cost Percentage:
(10395 / 462000) * 100 = 2.25%
Material Cost = 2.25%
Profit Margin = 15%
Total = 17.25%

65
VCC VISUAL COMPUTER CENTRE 9940553503

Selling Rate Calculation:

 REDMI NOTE 9S
9,500 * 17.25 = 1,638.75
9,500+1,638.75 = 11,138.75
 REDMI Y2
9,000*17.25=1,552.50
9,000+1,552.50=10,552.50
 REDMI NOTE 6 PRO
8,000*17.25=1,380
8,000+1,380=9,380
 REDMI MI A2
10,200*17.25=1,759.50
10,200+1,759.50=11,959.50

How to Set Standard Buying and Selling Rates in Stock Items:

 Gateway of Tally
 Alter
 Stock Item
 REDMI NOTE 9S
 Configure – F12
 Provide Standard Buying and Selling Rate – Yes
 Save
 Alter Standard Rates – Yes
Stock Item : REDMI NOTE 9S
Standard Cost Standard Selling Price
Applicable From Rate Per Applicable From Rate per
1-Apr-23 9,500 NOS 1-Apr-23 11,138.75 NOS
Stock Item : REDMI Y2
Standard Cost Standard Selling Price
Applicable From Rate Per Applicable From Rate per
1-Apr-23 9,000 NOS 1-Apr-23 10,552.50 NOS
Stock Item : REDMI NOTE 6 PRO
Standard Cost Standard Selling Price
Applicable From Rate Per Applicable From Rate per
1-Apr-23 8,000 NOS 1-Apr-23 9,380.00 NOS
Stock Item : REDMI MI A2
Standard Cost Standard Selling Price
Applicable From Rate Per Applicable From Rate per
1-Apr-23 10,200 NOS 1-Apr-23 11,959.50 NOS

66
VCC VISUAL COMPUTER CENTRE 9940553503

Standard Selling Price - Tax Invoice(Sales)

Consignee (Ship to) Invoice No. Dated
Bharath Telecom Pvt Ltd 1 2-Apr-23
No.15, 1st Street,
Saidapet, Chennai-15.
GSTIN/UIN: 33ASDFG1547E2D1
State Name: Tamil Nadu, Code: 33
Buyer (Bill to)
CASH CUSTOMER
State Name: TamilNadu Code: 33
Sl No Description of Goods Qty Rate Per Amount
1 REDMI NOTE 9S(8517) 02 11,138.75 NOS 22,277.50
2 REDMI Y2(8517) 02 10,552.50 NOS 21,105.00
3 REDMI NOTE 6 PRO(8517) 02 9,380.00 NOS 18,760.00
4 REDMI MI A2(8517) 02 11,959.50 NOS 23,919.00
86,061.50

CGST 6% 5,164.00
SGST 6% 5,164.00

Total 50 96,385.50
Amount Chargeable (in words) E. & O.E
INR Ninety Six Thousand Three Hundred
Eighty Five and Fifty Paise Only

Taxable Central Tax State Tax Total

HSN/SAC
Value Rate Amount Rate Amount Tax Amount
8517 86,061.5 6% 5,164 6% 5,164 10,328
Total 86,061.5 5,164 5,164 10,328
Tax Amount (in words) : INR Ten Thousand Three Hundred and
Twenty Eight Only

for Bharath Telecom Pvt Ltd

Declaration
We declare that this invoice shows the actual
price of the goods described and that all
particulars are true and correct.
( Authorized Signatory )

67
VCC VISUAL COMPUTER CENTRE 9940553503

Answer:
 Create Company
 Company Name : Visual Enterprises
 State : Tamilnadu
 Financial Year : 1.4.2023
 Enable GST : Yes
 GST No. : 33ASDFG6978D66G
 Save : Ctrl + A
 Back to Gateway of Tally
 Create
 Stock Group
Stock Group Creation
Should Quantities of Item be
Name Under
added
Mobile Primary Yes

 Back to List of Masters

 Unit

Type Symbol Formal Name UQC Decimal Place

Simple Nos Numbers Nos – Numbers 0

 Back to List of Masters

 Stock Item

Stock Item Creations

Name Redmi Note 9S Redmi Y2 Redmi Note 6 Pro Redmi MI A2
Under Mobile Mobile Mobile Mobile
Unit Nos Nos Nos Nos
GST Applicable Applicable Applicable Applicable Applicable
Set/Alter GST
Yes Yes Yes Yes
Details
Description Mobile Mobile Mobile Mobile
HSN/SAC 8517 8517 8517 8517
Calculation Type On Value On Value On Value On Value
Taxability Taxable Taxable Taxable Taxable
Integrated Tax 12% 12% 12% 12%
Central Tax 6% 6% 6% 6%
State Tax 6% 6% 6% 6%
Cess 0% 0% 0% 0%
Enter Enter Enter Enter
Type of Supply Goods Goods Goods Goods
Save Save Save Save

 Back to Gateway of Tally

 Voucher

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VCC VISUAL COMPUTER CENTRE 9940553503

Purchase No.01 – [F9]

Date 1.5.2023
Supplier Invoice No. DM001
Party’s A/C Name Alt + C
Name Dream Line Mobile
Under Sundry Creditors
Maintain Balance bill by bill Yes
Address No.16, Chatrapathi Sivaji Terminus
Mumbai, Maharashtra – 400 003
Registration Type Regular
GST No. 27ASDHM5544T66G
Save
Purchase Ledger Alt + C
Name Cash Purchase
Under Purchase A/C
Type of Supply Goods
Save
Name of Item Qty Rate Amount
Redmi Note 9S 20 9,500 1,90,000
Redmi Y2 10 9,000 90,000
Redmi Note 6 Pro 10 8,000 80,000
Redmi MI A2 10 10,200 1,02,000
4,62,000
Alt + C – IGST 12% 55,440
Alt + C
Name:Transport Charges 7,000
Under: Direct Expenses
Alt + C
Name: Tollgate Charges 2,500
Under: Direct Expenses
Alt + C
Name: Document
895
Charges
Under: direct Expenses
Total 50 5,27,835
New Ref. Bill No.DM001 - Save

Calculate Additional Charges:

Transport Charges = 7,000
Tollgate Charges = 2,500
Document Charges = 895
Total = 10,395

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VCC VISUAL COMPUTER CENTRE 9940553503

Calculate Material Cost Percentage:

(10395 / 462000) * 100 = 2.25%
Material Cost = 2.25%
Profit Margin = 15%
Total = 17.25%
Selling Rate Calculation:
 REDMI NOTE 9S
9,500 * 17.25 = 1,638.75
9,500+1,638.75 = 11,138.75
 REDMI Y2
9,000*17.25=1,552.50
9,000+1,552.50=10,552.50
 REDMI NOTE 6 PRO
8,000*17.25=1,380
8,000+1,380=9,380
 REDMI MI A2
10,200*17.25=1,759.50
10,200+1,759.50=11,959.50

How to Set Standard Buying and Selling Rates in Stock Items:

 Gateway of Tally
 Alter - Stock Item - REDMI NOTE 9S
 Configure – F12
 Provide Standard Buying and Selling Rate – Yes
 Save
 Alter Standard Rates – Yes
Stock Item : REDMI NOTE 9S
Standard Cost Standard Selling Price
Applicable From Rate Per Applicable From Rate per
1-Apr-23 9,500 NOS 1-Apr-23 11,138.75 NOS
Stock Item : REDMI Y2
Standard Cost Standard Selling Price
Applicable From Rate Per Applicable From Rate per
1-Apr-23 9,000 NOS 1-Apr-23 10,552.50 NOS
Stock Item : REDMI NOTE 6 PRO
Standard Cost Standard Selling Price
Applicable From Rate Per Applicable From Rate per
1-Apr-23 8,000 NOS 1-Apr-23 9,380.00 NOS
Stock Item : REDMI MI A2
Standard Cost Standard Selling Price
Applicable From Rate Per Applicable From Rate per
1-Apr-23 10,200 NOS 1-Apr-23 11,959.50 NOS

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 Back to Gateway of Tally

 Voucher
Sales No.01 – [F8]
Date 2.5.2023
Party’s A/C Name Alt + C
Name Cash Customer
Under Sundry Debtors
Maintain Balance bill by bill Yes
Address No.76, Purasaiwakkam, Chennai-74.
Registration Type Regular
GST No. 33ASDHM5544H66D
Save
Sales Ledger Alt + C
Name Cash Sales
Under Sales A/C
Type of Supply Goods
Save
Name of Item Qty Rate Amount
Redmi Note 9S 02 11,138.75 22,277.50
Redmi Y2 02 10,552.50 21,105
Redmi Note 6 Pro 02 9,380 18,760
Redmi MI A2 02 11,959.50 23,919
86,061.50
Alt + C – CGST 6% 5,164
Alt + C – SGST 6% 5,164
Total 08 Nos 96,389.50
New Ref. Bill No. 001 - Save

 Back to Gateway of Tally

 Profit & Loss A/C
 Detailed View – Alt + F1

Output:
Net Profit = 2,266.50

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43. How to enter multiple price level in Tally Prime?

Company generally uses a price list. Price list are maintain in varies price structures for different
types of customer.
Example: Whole Seller, Dealer and Reseller

Price Level for Invoicing:

Price Level : Whole Seller
Quantities
Sl.No Particulars Rate Disc. %
From Less than
0 51 350 -
01 Chudithar 51 101 340 2%
101 325 5%
0 51 300 -
02 Cotton Sarees 51 101 285 5%
101 270 8%
0 51 380 -
03 Jeans 51 101 360 5%
101 345 10%
0 51 360 -
04 Sarees 51 101 345 6%
101 320 8%

Price Level : Dealer

Quantities
Sl.No Particulars Rate Disc. %
From Less than
0 51 380 -
01 Chudithar 51 101 365 -
101 340 10%
0 51 340 -
02 Cotton Sarees 51 101 310 -
101 290 5%
0 51 420 -
03 Jeans 51 101 400 -
101 380 5%
0 51 390 -
04 Sarees 51 101 370 -
101 350 8%

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Multiple Price Level - Tax Invoice(Purchase)

Consignee (Ship to) Invoice No. Dated
CHENNAI FASSION 1 1-Apr-21
No.22/24, 3rd Street,
Pulianthope, Chennai-12. Supplier Invoice No. & Other Reference
GSTIN/UIN: 33VSSRV5879D1EF Date
State Name: Tamil Nadu, Code: 33
Supplier (Bill from) GM001 Mr. Varun
GROVER GARMENTS dt. 1-Apr-21
No.1004-1005,
Jahangir Puri
New Delhi-33
State Name: Delhi Code: 07
Sl No Description of Goods Qty Rate Per Amount
1 SAREES(52081120) 800 300 NOS 2,40,000
2 JEANS(52113240) 800 300 NOS 2,40,000
3 COTTON SAREES(520911) 800 250 NOS 2,00,000
4 CHUDITHAR(62041200) 800 300 NOS 2,40,000

9,20,000

IGST 46,000

Total 3,200 9,66,000

Amount Chargeable (in words) E. & O.E
INR Nine Lakh Sixty Six Thousand Only

Company GSTIN/UIN : 07ADEFE5896E1DW

for CHENNAI FASSION

Authorised Signatory

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Multiple Price Level - Tax Invoice(Sales)

Whole seller
Consignee (Ship to) Invoice No. Dated
CHENNAI FASSION AD001 2-Apr-23
No.22/24, 3rd Street, Delivery Note Mode Temps of
Pulianthope, Chennai-12. Payments
GSTIN/UIN: 33VSSRV5879D1EF Reference No. & Date Other Reference
State Name: Tamil Nadu, Code: 33
Buyer (Bill to) Buyer Order No. Dated
ANU READYMATES
No.14, 2nd Street, Dispatch Doc. No Delivery Note Date
T. Nagar, Chennai - 17
GSTIN/UIN : 33ADESD9743E5D8 Temps of Delivery
State Name: TamilNadu Code: 33
Sl No Description of Goods Qty Rate Disc % Amount
1 COTTON SAREES(520911) 50NOS 300 15,000
2 COTTON SAREES(520911) 100NOS 285 5% 27,075
3 COTTON SAREES(520911) 150NOS 270 8% 37,260
4 SAREES(52081120) 50 NOS 360 18,000
5 SAREES(52081120) 100NOS 345 6% 32,430
6 SAREES(52081120) 150NOS 320 8% 44,160
7 JEANS(52113240) 50 NOS 380 19,000
8 JEANS(52113240) 100NOS 360 5% 34,200
9 JEANS(52113240) 150NOS 345 10% 46,575

2,73,700

CGST 6,843
SGST 6,843

Total 900NOS 2,87,386

Amount Chargeable (in words) E. & O.E
INR Two Lakh Eighty Seven Thousand Three Hundred Eighty Six Only

Taxable Central Tax State Tax Total

HSN/SAC
Value Rate Amount Rate Amount Tax Amount
520911 79,335 2.5% 1,983.53 2.5% 1,983.53 3,967.06
52081120 94,590 2.5% 2,364.92 2.5% 2,364.92 4,729.84
52113240 99,775 2.5% 2,494.55 2.5% 2,494.55 4,989.10
Total 2,73,700 6,843.00 6,843.00 13,686.00
Tax Amount(in words): INR Thirteen Thousand Six Hundred Eighty Six Only

for CHENNAI FASSION

( Authorized Signature )

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Multiple Price Level - Tax Invoice(Sales)

Dealer
Consignee (Ship to) Invoice No. Dated
CHENNAI FASSION DW002 2-Apr-23
No.22/24, 3rd Street, Delivery Note Mode Temps of
Pulianthope, Chennai-12. Payments
GSTIN/UIN: 33VSSRV5879D1EF Reference No. & Date Other Reference
State Name: Tamil Nadu, Code: 33
Buyer (Bill to) Buyer Order No. Dated
DRESS WORLD
No.25, 4nd Cross Street Dispatch Doc. No Delivery Note Date
Purasaiwalkam, Chennai - 84
GSTIN/UIN : 33DSEDS8963D14D Temps of Delivery
State Name: TamilNadu Code: 33
Sl No Description of Goods Qty Rate Disc % Amount
1 COTTON SAREES(520911) 50NOS 340 17,000
2 COTTON SAREES(520911) 100NOS 310 31,000
3 COTTON SAREES(520911) 150NOS 290 5% 41,325
4 SAREES(52081120) 50 NOS 390 19,500
5 SAREES(52081120) 100NOS 370 37,000
6 SAREES(52081120) 150NOS 350 8% 48,300
7 JEANS(52113240) 50 NOS 420 21,000
8 JEANS(52113240) 100NOS 400 40,000
9 JEANS(52113240) 150NOS 380 5% 54,150
10 CHUDITHAR(62041200) 50 NOS 380 19,000
11 CHUDITHAR(62041200) 100NOS 365 36,500
12 CHUDITHAR(62041200) 150NOS 340 10% 45,900

4,10,675

CGST 10,267
SGST 10,267

Total 1,200NOS 4,31,209

Amount Chargeable (in words) E. & O.E
INR Two Lakh Eighty Seven Thousand Three Hundred Eighty Six Only
Taxable Central Tax State Tax Total
HSN/SAC
Value Rate Amount Rate Amount Tax Amount
520911 89,325 2.5% 2,233.15 2.5% 2,233.15 4,466.30
52081120 1,04,800 2.5% 2,620.03 2.5% 2,620.03 5,240.06
52113240 1,15,150 2.5% 2,878.79 2.5% 2,878.79 5,757.58
62041200 1,01,400 2.5% 2,535.03 2.5% 2,535.03 5,070.06
Total 4,10,675.0 10,267.00 10,267.00 20,534.00
Tax Amount(in words): INR Twenty Thousand Five Hundred Thirty Four Only

for CHENNAI FASSION

Authorised Signatory
Output:
 Net Profit = 84,375

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Answer:
 Create Company
 Company Name : Visual Enterprises
 Address : No.76, Ashtabujam Road, Choolai,
Chennai-112.
 State : Tamilnadu
 Financial Year : 1.4.2023
 Enable Multiple Price Level : Yes
 Use discount column in invoice : Yes
 Enable GST : YES
 GST No. : 33ASDFG1547G22T
 Save : Ctrl + A
 Back to Gateway of Tally
 Create
 Stock Group
Stock Group Creation
Name Under Should Quantities of Item be added
Textiles Primary Yes

 Save
 Back to List of Masters - Unit
Unit Creation
Type Symbol Formal Name UQC Decimal Place
Simple Nos Numbers Nos – Numbers 0

 Save
 Back to List of Masters
 Stock Item
Stock Item Creation
Name Chudithar Cotton Sarees Jeans Sarees
Under Textiles Textiles Textiles Textiles
Unit Nos Nos Nos Nos
GST Applicable Applicable Applicable Applicable Applicable
Set/Alter GST Details Yes Yes Yes Yes
Description Textiles Textiles Textiles Textiles
HSN/SAC 62041200 520911 52113240 52081120
Calculation Type On Value On Value On Value On Value
Taxability Taxable Taxable Taxable Taxable
Integrated Tax 5% 5% 5% 5%
Central Tax 2.5% 2.5% 2.5% 2.5%
State Tax 2.5% 2.5% 2.5% 2.5%
Cess 0% 0% 0% 0%
Enter Enter Enter Enter
Type of Supply Goods Goods Goods Goods
Save Save Save Save

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 Back to List of Masters

 Price Levels
 Company Price Level
 Whole Seller
 Dealer
 Enter
 Back to List of Masters
 Price List(Stock Group)
 Stock Group Name : Textile
 Price Level : Whole Seller
 Applicable From : 1.4.2023
 Enter

Price Level : Whole Seller

Quantities
Sl.No Particulars Rate Disc. %
From Less than
0 51 350 -
01 Chudithar 51 101 340 2%
101 325 5%
0 51 300 -
02 Cotton Sarees 51 101 285 5%
101 270 8%
0 51 380 -
03 Jeans 51 101 360 5%
101 345 10%
0 51 360 -
04 Sarees 51 101 345 6%
101 320 8%
Save
 Stock Group Name : Textile
 Price Level : Dealer
 Applicable From : 1.4.2023
 Enter
PRICE LEVEL : DEALER
Quantities
Sl.No Particulars Rate Disc. %
From Less than
0 51 380 -
01 Chudithar 51 101 365 -
101 340 10%
0 51 340 -
02 Cotton Sarees 51 101 310 -
101 290 5%
0 51 420 -
03 Jeans 51 101 400 -
101 380 5%
0 51 390 -
04 Sarees 51 101 370 -
101 350 8%
Save

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 Back to Gateway of Tally - Voucher

Purchase No.01 – [F9]
Date 1.4.2023
Supplier’s Invoice No. GM001
Party’s A/C Name Alt + C
Name Grover Garments
Under Sundry Creditors
Maintain Balance bill by bill Yes
Address No.1004-1005, Jahanhir Puri, New Delhi-
100033
State Delhi
Registration Type Regular
GST No. 07ASDHT5544T66G
Save
Purchase Ledger Alt + C
Name Cash Purchase
Under Purchase A/C
Type of Supply Goods
Save
Name of Item Qty Rate Amount
Sarees 800 300 2,40,000
Jeans 800 300 2,40,000
Cotton Sarees 800 250 2,00,000
Chudithar 800 300 2,40,000
9,20,000
Alt + C – IGST 46,000
Total 3200 Nos 9,66,000
New Ref. Bill No.GM001 - Save

Sales No.01 – [F8]

Date 2.4.2023
Party’s A/C Name Alt + C
Name Anu Readymates
Under Sundry Debtors
Maintain Balance bill by bill Yes
Address No.14, 2nd Street, T.Nagar, Chennai-17.
‘Registration Type Regular
GST No. 33ASDFG1254K33G
Save
Price Level Whole Seller
Sales Ledger Alt + C
Name Cash Sales
Under Sales A/C
Type of Supply Goods
Save

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Name of Item Qty Rate Disc% Amount

Cotton Sarees 50 300 15,000
Cotton Sarees 100 285 5% 27,075
Cotton Sarees 150 270 8% 37,260
Sarees 50 360 18,000
Sarees 100 345 6% 32,430
Sarees 150 320 8% 44,160
Jeans 50 380 19,000
Jeans 100 360 5% 34,200
Jeans 150 345 10% 46,575
2,73,700
Alt + C – CGST 2.50% 6,843
Alt + C – SGST 2.50% 6,843
Total 900 Nos 2,87,386
New Ref. Bill No.AR002 - Save

Sales No.02 – [F8]

Date 2.4.2023
Party’s A/C Name Alt + C
Name Dress World
Under Sundry Debtors
Maintain Balance bill by bill Yes
Address No.20, Purasaiwakkam, Chennai-74..
Registration Type Regular
GST No. 33ASDFF5687K22R
Save
Price Level Dealer
Sales Ledger Cash Sales
Name of Item Qty Rate Disc% Amount
Cotton Sarees 50 340 17,000
Cotton Sarees 100 310 31,000
Cotton Sarees 150 290 5% 41,325
Sarees 50 390 19,500
Sarees 100 370 37,000
Sarees 150 350 8% 48,300
Jeans 50 420 21,000
Jeans 100 400 40,000
Jeans 150 380 5% 54,150
Chudithar 50 380 19,000
Chudithar 100 365 36,500
Chudithar 150 340 10% 45,900
4,10,675
CGST 2.50% 10,267
SGST 2.50% 10,267
Total 1200 Nos 4,31,209
New Ref. Bill No.DW003 - Save

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 Back to Gateway of Tally

 Stock Summary
 Textiles
 Detailed View – Alt + F1
Output:
Stock Summary Details
Particulars Quantity Rate Value
Chudithar 500 Nos 300 1,50,000
Cotton Sarres 200 Nos 250 50,000
Jeans 200 Nos 300 60,000
Sarees 200 Nos 300 60,000
Grand Total 1100 Nos 3,20,000

 Back to Gate way of Tally

 Profit & Loss A/C
 Detailed View – Alt + F1
Output:
 Net Profit = 84,375

80
VCC VISUAL COMPUTER CENTRE 9940553503

44. How to use stock management in Tally Prime?

Inventory means stock, traders sells are goods. Inventory includes the purchases, sales of
stock or stock movements.
The closing stock of a particular year becomes the opening stock of the next year.
Closing Stock = Opening Stock + Purchase – Sales
Stock Group:
Stock group is enable easy identification and reporting of the stock item in statement. Head
of the stock is called stock group.
Units of Measures:
The stock purchased or sales of quantity based. The quantity is measured by units such as
numbers, bags, bottles, etc…..unit’s creation is most important in stock item.
Stock items:
The stock items is refers to the goods of trade. Stock ledger account is create for each items
and tally calls this accounts of stock items.
Transaction during the period:
May 01 - Goods purchased from Sun parma for the followings
 DOLO 500mg 5,000 TBS @ Rs.5 each
 Metasin 3,000 TBS @ Rs.4 each
 Zerodol 5,000 TBS @ Rs.10 each
 Vicks action (500) 5,000 STR @ Rs.25 Calculation CGST & SGST
Amount, Bill No. SP001
May 01 - Goods Purchased from Vasu Agencies for the followings
 Ultra tech Cement 500 BAGS @ Rs.450 each
 Coromental Cement 500 BAGS @ Rs.400 each
 Building Brick 20,000 NOS @ Rs.10 each Calculate CGST & SGST
Amount, Bill No. VA002
May 01 - Goods Purchased from Welcome Electronics for the followings
 Bajaj Iron Box 100 NOS @ Rs.500 each
 Philips Trimmer 100 NOS @ Rs.1,000 each
 Venus water Heater 50 NOS @ Rs.6,500 each Calculate IGST Amount,
Bill No.WE003
May 02 - Goods Sold from Med Plus for the followings
 DOLO 500mg 3000 TBS @ Rs.8 each
 Metasin 2,000 TBs @ Rs.6 each
 Zerodol 4,000 TBS @ Rs.15 each
 Vicks Action 2,500 STR @ Rs.33 Calculate CGST & SGST Amount,
Bill No. MP001
May 02 - Goods Sold from Mahalakshmi Traders for the followings
 Ultra tech Cement 400 BAGS @ Rs.520 each
 Coromental Cement 450 BAGS @ Rs.440 each
 Building Brick 18,000 NOS @ Rs.12 each Calculate IGST Amount,
Bill No. MT002
May 02 - Goods Sold from Surya Electronics for the followings
 Bajaj Iron Box 90 NOS @ Rs.650 each
 Philips Trimmer 80 NOS @ Rs.1,200 each

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 Venus water Heater 40 NOS @ Rs.7,300 each Calculate CGST & SGST
Amount, Bill No.SE003
May 31 - Goods return to Sun Parma for the followings
 DOLO 500mg 500 TBS @ Rs.5 each
 Zerodol 200 TBS @ Rs.10 each
 Vicks Action 100 STR @ Rs.25 Calculate CGST & SGST Amount,
Against Bill No. SP001
May 31 - Goods return to Mahalakshmi Traders for the followings
 Ultra tech Cement 50 BAGS @ Rs.520 each
 Coromental Cement 30 BAGS @ Rs.440 each
May 31 - Stock transfer to Selam branch for the followings
 Ultra tech Cement 80 BAGS @ Rs.150 each
 Coromental Cement 50 BAGS @ Rs.400 each
May 31 - Being verify manual inventory after the stock for the followings
 Bajaj Iron Box 08 NOS
 Philips Trimmer 15 NOS
 Venus water Heater 07 NOS

Output:

Particulars Quantity Rate Amount

(Electronic item) 30nos 2150 64500
Baja iron box 8nos 500 4000
Philips Trimmer 15nos 1000 15000
Venus water heater 7nos 6500 455000
(Industrial item) 63,500
Buliding bricks 2000nos 10 20,000
Coremendal 30bag 400 12,000
Ultratech cement 70bag 450 31,500
(Medical item)
Dolo 500 mg 1500 5 7500
Metasin 1000 4 4000
Vicks action 2400 25 60000
Zerodal 800 10 8000
Total 2,07,500

 Net profit = 1,10,300

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Answer:
 Create Company
 Company Name : Visual Enterprises
 State : Tamilnadu
 Financial Year : 1.4.2023
 Enable GST : Yes
 GST No. : 33ASDVE1245D66G
 Save : Ctrl + A
 Back to Gateway of Tally
 Create
 Stock Group

Stock Group Creation

Name Under Should Quantities of Item be Added
Medical Items Primary Yes
Industrial Items Primary Yes
Electronics Items Primary Yes
Save

 Back to List of Masters

 Unit

Unit Creation
Type Symbol Formal Name UQC Decimal
Simple TBS Tablets TBS-TABLET 0
Simple Strip Strips STRIP-STRIPS 0
Simple Bag Bags BAG-BAGS 0
Simple Nos Numbers NOS-NUMBERS 0
Save

 Back to list of masters

 Stock Item

Stock Item Creation

Name Dolo 500mg Metasin Zerodol Vicks Action 500
Under Medical Items Medical Items Medical Items Medical Items
Unit TBS TBS TBS STR
GST Applicable Applicable Applicable Applicable Applicable
Set/Alter GST Yes Yes Yes Yes
Details
Description Tablets Tablets Tablets Tablets
HSN/SAC 30049061 30049061 30004989 30049011
Calculation Type Onvalue Onvalue Onvalue Onvalue
Taxability Taxable Taxable Taxable Taxable
Integrated Tax 12% 12% 12% 12%

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Central Tax 6% 6% 6% 6%
State Tax 6% 6% 6% 6%
Cess 0 0 0 0
Enter Enter Enter Enter
Type of Supply Goods Goods Goods Goods
Save Save Save Save

Stock Item Creation

Name Ultra Tech Cement Coromandel Cement Building Bricks
Under Industrial Items Industrial Items Industrial Items
Unit Bag Bag Nos
GST Applicable Applicable Applicable Applicable
Set/Alter GST Details Yes Yes Yes
Description Cement Cement Bricks
HSN/SAC 25232910 25232910 69041000
Calculation Type Onvalue Onvalue Onvalue
Taxability Taxable Taxable Taxable
Integrated Tax 28% 28% 5%
Central Tax 14% 14% 2.5%
State Tax 14% 14% 2.5%
Cess 0 0 0
Enter Enter Enter
Type of Supply Goods Goods Goods
Save Save Save

Stock Item Creation

Name Bajaj Iron Box Philips Trimer Venus Water Heater
Under Electronics Items Electronics Items Electronics Items
Unit Nos Nos Nos
GST Applicable Applicable Applicable Applicable
Set/Alter GST Details Yes Yes Yes
Description Electronics Electronics Electronic
HSN/SAC 731010 85251020 85161000
Calculation Type Onvalue Onvalue Onvalue
Taxability Taxable Taxable Taxable
Integrated Tax 18% 18% 18%
Central Tax 9% 9% 9%
State Tax 9% 9% 9%
Cess 0 0 0
Enter Enter Enter
Type of Supply Goods Goods Goods
Save Save Save

 Back to Gateway of Tally

 Vouchers

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Purchase No.01 – [F9]

Date 1.5.2023
Supplier Invoice No. SP001
Party’s A/C Name Alt + C
Name Sun Pharma
Under Sundry Creditors
Maintain Balance bill by bill Yes
Address No.12, Purasaiwakkam , Chennai-600074
State Tamilnadu
Registration Type Regular
GST No. 33ASDHM5544T66G
Save
Purchase Ledger Alt + C
Name Cash Purchase
Under Purchase A/C
Type of Supply Goods
Save
Name of Item Qty Rate Amount
DOLO 500 mg 5000 TBS 5 25,000
Metasin 3000 TBS 4 12,000
Zerodol 5000 Tbs 10 50,000
Vicks Action 5000 STR 25 1,25,000
2,12,000
Alt + C – CGST 12,720
Alt + C – SGST 12,720
Total 2,37,440
New Ref. Bill No.SP001 - Save

Purchase No.02 – [F9]

Date 1.5.2023
Supplier Invoice No. VA002
Party’s A/C Name Alt + C
Name Vasu Agencies
Under Sundry Creditors
Maintain Balance bill by bill Yes
Address No.12, Pattalam, Chennai-600012
State Tamilnadu
Registration Type Regular
GST No. 33ASDFG5566T63H
Save
Purchase Ledger Cash Purchase
Name of Item Qty Rate Amount
Ultra Tech Cement 500 Bag 450 2,25,000
Coromandel Cement 500 Bag 400 2,00,000
Building Bricks 20,000 Nos 10 2,00,000

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6,25,000
CGST 64,500
SGST 64,500
Total 7,54,000
New Ref. Bill No.VA002 - Save

Purchase No.03 – [F9]

Date 1.5.2023
Supplier Invoice No. WE003
Party’s A/C Name Alt + C
Name Welcome Elecrtonics
Under Sundry Creditors
Maintain Balance bill by bill Yes
Address No.101, Jahangir Puri, New Delhi-100033
State Delhi
Registration Type Regular
GST No. 07AFGYM5534K46G
Save
Purchase Ledger Cash Purchase
Name of Item Qty Rate Amount
Bajaj Iron Box 100 Nos 500 50,000
Philips Trimmer 100 Nos 1,000 1,00,000
Venus Water Heater 50 Nos 6,500 3,25,000
4,75,000
Alt + C – IGST 85,500
Total 5,60,500
New Ref. Bill No.SP001 - Save

Sales No.01 – [F8]

Date 2.5.2023
Party’s A/C Name Alt + C
Name Med Plus
Under Sundry Debtors
Maintain Balance bill by bill Yes
Address No.76, Mount Road, Chennai-02
State Tamilnadu
Registration Type Regular
GST No. 33ASDFG8748K21G
Save
Sales Ledger Alt + C
Name Cash Sales
Under Sales A/C
Type of Supply Goods
Save

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Name of Item Qty Rate Amount

DOLO 500 mg 3000 TBS 8 24,000
Metasin 2000 TBS 6 12,000
Zerodol 4000 Tbs 15 60,000
Vicks Action 2500 STR 33 82,500
1,78,500
CGST 10,710
SGST 10,710
Total 1,99,920
New Ref. Bill No. MP001 - Save

Sales No.02 – [F8]

Date 2.5.2023
Party’s A/C Name Alt + C
Name Magalakshmi Traders
Under Sundry Debtors
Maintain Balance bill by bill Yes
Address No.108, Kuttappan Street, Kerala
State Kerala
Registration Type Regular
GST No. 32ASRFJ2593L55Y
Save
Sales Ledger Cash Sales
Save
Name of Item Qty Rate Amount
Ultra Tech Cement 400 Bag 520 2,08,000
Coromandel Cement 450 Bag 440 1,98,000
Building Bricks 18,000 Nos 12 2,16,000
6,22,000
IGST 1,24,480
Total 7,46,480
New Ref. Bill No. MT002 - Save

Sales No.03 – [F8]

Date 2.5.2023
Party’s A/C Name Alt + C
Name Surya Electricals
Under Sundry Debtors
Maintain Balance bill by bill Yes
Address No.76, Vepperi, Chennai-07
State Tamilnadu
Registration Type Regular
GST No. 33ASDFK6935T54R
Save
Sales Ledger Cash Sales

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Name of Item Qty Rate Amount

Bajaj Iron Box 90 Nos 650 58,500
Philips Trimmer 80 Nos 1,200 96,000
Venus Water Heater 40 Nos 7,300 2,92,000
4,46,500
CGST 40,185
SGST 40,185
Total 210 Nos 5,26,870
New Ref. Bill No. SE003 - Save

Debit note no.1[Alt+F5]

Date 31.5.2023
Party’s A/c name Sun Pharma
Ledger account Alt + C
Name Purchase return
Under Purchase account
Type of supply Goods
Save

Name of item Quantity Rate Amount

Dolo 500 mg 500Tbs 5Tbs 2500
Zerodol 200Tbs 10.00Tbs 2000
Vicks action 100Strip 25.00Strip 2500
Total 7000
CGST 420
SGST 420
Grand Total 7840
Against .Ref.SP001 - Save

Credit Note No.1[Alt+F6]

Date 31.5.2023
Party’s A/c name Mahalakshmi Traders
Ledger account Alt + C
Name Sales return
Under Sales account
Type of supply Goods
Save
Name of item Quantity Rate Amount
Ultra tech cement 50 Bag 520 Bag 26,000
Coromendal 30 Bag 440 Bag 13,200
Total 39,200
IGST 10,976
Grand total 50,176
Against .Ref. MT002 - Save

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Stock Journal No.1[Alt + F7]

Name of item Quantity Rate Amount
Ultra tech cement 80 bag 450 36,000
Coromendal 50 bag 400 20,000
Grand Total 130 bag 56,000
Save

Physical Stock [Ctrl + F7]

Name of Item Quantity
Bajaj iron box 8nos
Philips Trimmer 15nos
Venus water heater 7nos
Save
 Back to gate way of tally
 Stock summary - Detailed view[Alt + F1]

Output:

Particulars Quantity Rate Amount

(Electronic item) 30nos 2150 64500
Baja iron box 8nos 500 4000
Philips Trimmer 15nos 1000 15000
Venus water heater 7nos 6500 455000
(Industrial item) 63,500
Buliding bricks 2000nos 10 20,000
Coremendal 30bag 400 12,000
Ultratech cement 70bag 450 31,500
(Medical item)
Dolo 500 mg 1500 5 7500
Metasin 1000 4 4000
Vicks action 2400 25 60000
Zerodal 800 10 8000
Total 2,07,500

 Net profit = 1,10,300

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45. How to use GODOWN creation in Tally Prime?

TAX INVOICE(PURCHASE)
Consignee (Ship to) Invoice No. Dated
VISUAL COMPUTER CENTRE 3 1-May-23
rd
No.22/24, 3 Street,
Pulianthope, Chennai-12. Supplier Invoice Other Reference
GSTIN/UIN: 33ASDFG1547E2D1 No. & Date
State Name: Tamil Nadu, Code: 33
Supplier (Bill from) VE0001 Mr. Ram
VISION ELECTRONICS dt. 1-May-23
No. A – 136,
Wazirpur Industrial Area
Delhi – 52. State Name: Delhi Code: 07
Sl No Description of Goods Location Qty Rate Per Amount
1 Samsung 32 Inch LED TV Chennai 10 26,000 NOS 2,60,000
Madurai 10 26,000 NOS 2,60,000

2 LG 32 Inch LED TV Chennai 12 22,000 NOS 2,64,000

Madurai 08 22,000 NOS 1,76,000

3 Sony 32 Inch LED TV Chennai 05 26,000 NOS 1,30,000

Madurai 15 26,000 NOS 3,90,000

14,80,000

IGST@12% 1,77,600

Total 60 NOS 16,57,600

Amount Chargeable (in words) E. & O.E
INR Sixteen Lakh Fifty Thousand Six Hundred Only

Company GSTIN/UIN : 07AEDCZ9632E4D5

for VISION ELECTRONICS

( Authorized Signature )

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VCC VISUAL COMPUTER CENTRE 9940553503

TAX INVOICE(SALES)
Consignee (Ship to) Invoice No. Dated
VISUAL COMPUTER CENTRE SE001 2-May-23
No.22/24, 3rd Street,
Pulianthope, Chennai-12.
GSTIN/UIN: 33ASDFG1547E2D1
State Name: Tamil Nadu, Code: 33
Buyer (Bill to)
SURYA ELECTRONICS
No.14, 2nd Main Road
Guindy
Chennai – 32.
State Name: TamilNadu Code: 33
GSTIN/UIN: 33ADEBS6585E2DS
Sl No Description of Goods Location Qty Rate Per Amount
1 Samsung 32 Inch Chennai 08 29,000 NOS 2,32,000
LED TV(852530) Madurai 04 29,000 NOS 1,16,000

2 LG 32 Inch LED Chennai 06 26,000 NOS 1,56,000

TV(852530) Madurai 05 26,000 NOS 1,30,000

3 Sony 32 Inch LED Chennai 04 31,000 NOS 1,24,000

TV(852530) Madurai 10 31,000 NOS 3,10,000

10,68,000

CGST@6% 64,080
SGST@6% 64,080

Total 37 NOS 11,96,160

Amount Chargeable (in words) E. & O.E
INR Eleven Lakh Ninety Six Thousand One Hundred Sixty Only

Company GSTIN/UIN : 33ADEBS6585E2DS

for SURYA ELECTRONICS

Authorised Signatory

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VCC VISUAL COMPUTER CENTRE 9940553503

TAX INVOICE(DEBIT NOTE)

Consignee (Ship to) Debit Note No. Dated
VISUAL COMPUTER CENTRE VE0001 2-May-23
No.22/24, 3rd Street,
Pulianthope, Chennai-12. Supplier Invoice Other Reference
GSTIN/UIN: 33ASDFG1547E2D1 No. & Date
State Name: Tamil Nadu, Code: 33
Supplier (Bill from) VE0001 Mr. Ram
VISION ELECTRONICS dt. 1-May-23
No. A – 136,
Wazirpur Industrial Area
Delhi – 52.
State Name: Delhi Code: 07
Sl
Description of Goods Location Qty Rate Per Amount
No
1 Samsung 32 Inch Chennai 01 26,000 NOS 26,000
LED TV Madurai 02 26,000 NOS 52,000

2 LG 32 Inch LED TV Chennai 02 22,000 NOS 44,000

Madurai 02 22,000 NOS 44,000

3 Sony 32 Inch LED TV Madurai 01 26,000 NOS 26,000

1,92,000

23,040
IGST@12%
Total 08 NOS 2,15,040
Amount Chargeable (in words) E. & O.E
INR Two Lakh Fifteen Thousand and Forty Only

Company GSTIN/UIN : 07AEDCZ9632E4D5

for VISION ELECTRONICS

Authorised Signatory

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VCC VISUAL COMPUTER CENTRE 9940553503

TAX INVOICE(CREDIT NOTE)

Consignee (Ship to) Invoice No. Dated
VISUAL COMPUTER CENTRE SE001 2-May-23
No.22/24, 3rd Street,
Pulianthope, Chennai-12.
GSTIN/UIN: 33ASDFG1547E2D1
State Name: Tamil Nadu, Code: 33
Buyer (Bill to)
SURYA ELECTRONICS
No.14, 2nd Main Road
Guindy
Chennai – 32.
State Name: TamilNadu Code: 33
GSTIN/UIN: 33ADEBS6585E2DS
Sl No Description of Goods Location Qty Rate Per Amount
1 Samsung 32 Inch Madurai 02 29,000 NOS 58,000
LED TV

2 LG 32 Inch LED TV Chennai 02 26,000 NOS 52,000

Madurai 01 26,000 NOS 26,000

3 Sony 32 Inch LED TV Chennai 01 31,000 NOS 31,000

Madurai 02 31,000 NOS 62,000

2,29,000

CGST@6% 13,740
SGST@6% 13,740

Total 08 NOS 2,56,480

Amount Chargeable (in words)
E. & O.E
INR Two Lakh Fifty Six Thousand Four Hundred and Eighty Only

Company GSTIN/UIN : 33ADEBS6585E2DS

for SURYA ELECTRONICS

( Authorized Signature )

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VCC VISUAL COMPUTER CENTRE 9940553503

Answer:
 Create Company
 Company Name : Visual Enterprises
 Address : No.76, Ashtabujam Road, Choolai, Chennai-112.
 State : Tamilnadu
 Financial Year : 1.4.2023
 Enable GST : Yes
 GST No. : 33ASDVE1245D66G
 Save : Ctrl + A

 Back to Gateway of Tally

 Create
 Stock Group

Stock Group Creation

Name Under Should Quantities of Item be Added
Electronic Items Primary Yes
Save
 Back to List of Masters
 Unit

Unit Creation
Type Symbol Formal Name UQC Decimal
Simple Nos Numbers NOS-NUMBERS 0
Save
 Back to list of masters
 Stock Item

Stock Item Creations

Name Samsung 32 inch LG 32 inch LED Sony 32 inch
Under Electronic Items Electronic Items Electronic Items
Unit Nos Nos Nos
GST Applicable Applicable Applicable Applicable
Set/Alter GST Details Yes Yes Yes
Description Television Television Television
HSN/SAC 852530 852580 852530
Calculation Type On value On value On value
Taxability Taxable Taxable Taxable
Integrated Tax 12% 12% 12%
Central Tax 6% 6% 6%
State Tax 6% 6% 6%
Cess 0 0 0
Enter Enter Enter
Type of Supply Goods Goods Goods
Save Save Save

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VCC VISUAL COMPUTER CENTRE 9940553503

 Back to gateway of tally

 Create
 Location
 Create new

Location creation
Name Under Address
Chennai Primary Choolai, Chennai-112.
Madurai Primary Mattudhavani, Madurai-
400030

 Back to Gateway of Tally

 Vouchers

Purchase No.01 – [F9]

Date 1.5.2023
Supplier Invoice No. VE0001
Party’s A/C Name Alt + C
Name Vision Electronics
Under Sundry Creditors
Maintain Balance bill by bill Yes
Address No:A-136, Wazirpur Industrial Area, Delhi-100052
State Delhi
GST No. 07ASDHM5544T66G
Save
Purchase Ledger Alt + C
Name Cash Purchase
Under Purchase A/C
Type of Supply Goods
Save
Name of Item Location Quantity Rate/per Amount
Chennai 10 26,000/Nos 2,60,000
Samsung 32 inch
Madurai 10 26,000/Nos 2,60,000
Chennai 12 22,000/Nos 2,64,000
LG 32 inch LED
Madurai 08 22,000/Nos 1,76,000
Chennai 05 26,000/Nos 1,30,000
Sony 32 inch
Madurai 15 26,000/Nos 3,90,000
Total 14,80,000
Alt + C – IGST 12% 1,77,600
Grand Total 60 Nos 16,57,600
New Ref. Bill No.VE0001 - Save

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Sales No.01 – [F8]

Date 2.5.2023
Party’s A/C Name Alt + C
Name Surya Electronics
Under Sundry Debtors
Maintain Balance bill by bill Yes
Address No:14,2nd Main road, Guindy, Chennai-32
State Tamilnadu
Registration Type Regular
GST No. 33ASDFG5566T63H
Save
Sales Ledger Alt + C
Name Cash Sales
Under Sales Account
Type of Supply Goods
Save
Name of Item Location Qty Rate Amount
Samsung 32 inch Chennai 08 29,000 2,32,000
Madurai 04 29,000 1,16,000
LG 32 inch LED TV Chennai 06 26,000 1,56,000
Madurai 05 26,000 1,30,000
Chennai 04 31,000 1,24,000
Sony 32 inch LED
Madurai 10 31,000 3,10,000
10,68,000
Alt + C - CGST 6% 64,080
Alt + C - SGST 6% 64,080
Grand Total 37 Nos 11,96,160
New Ref. Bill No.SE001 - Save

Debit Note No.1 [Alt+F5]

Date 31.5.2023
Name Vision Electronics
Ledger Account Alt + C
Name Purchase Return
Under Purchase Account
Types of supply Goods
Save
Name of Item Location Qty Rate Amount
Chennai 01 26,000 26,000
Samsung 32 inch
Madurai 02 26,000 52,000
Chennai 02 22,000 44,000
LG 32 inch LED
Madurai 02 22,000 44,000

Sony 32 inch LED Madurai 01 26,000 26,000

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VCC VISUAL COMPUTER CENTRE 9940553503

1,92,000
IGST 12% 23,040
Grand Total 08 NOS 2,15,040
Against ref.VE0001 - Save

Credit Note No.1[Alt+F6]

Date 31.5.2023
Party’s A/C Name Surya Electronics
Ledger A/c Alt + C
Name Sales Return
Under Sales Account
Save
Name of Item Location Qty Rate Amount
Samsung 32 inch Madurai 02 29,000 58,000
Chennai 02 26,000 52,000
LG 32 inch LED
Madurai 01 26,000 26,000
Chennai 01 31,000 31,000
Sony 32 inch LED
Madurai 02 31,000 62,000
2,29,000
CGST 13,740
SGST 13,740
Grand Total 8 Nos 2,56,480
Against Ref.SE001 - Save

 Back to Gateway of Tally

 Stock summary
 Detailed view(Alt+F1)

Output:

Particulars Quantity Rate Value

Television 23 Nos 24.608 5,66,000
LG 32 inch LED 8 Nos 22,000 1,76,000
Samsung 32 inch 7 Nos 26,000 1,82,000
Sony 32 inch Led 8 Nos 26,000 2,08,000
Grand Total 23 Nos 5,66,000

 Back to Gateway of Tally

 Profit & Loss A/C
 Detailed View(Alt+F1)

Output:
 Net Profit = 1,17,000

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VCC VISUAL COMPUTER CENTRE 9940553503

46. How to use manufacturing journal voucher in Tally Prime?

Manufacturing is the raw materials convert to finished product. The manufacturing company
can classify stock items in order three ways,
1. Raw Materials:
All basic ingredient are used to manufacture a particular item.
2. Working Process:
It is semi-finished product or a product not reached us finished stage.
3. Finished Goods :
Stock items that is completely transformed from initial stage to finished stage it is called
finished goods.
The manufacturing journal is used to raw material convert to finished Product include all
cost of manufacturing process.
The company is maintain two storage places:
 Store Room
 Show Room
Transaction during the Period:
May 01 - Goods purchase from Compaq System Ltd for the
Followings raw materials storage in STORE ROOM
 Intel i3 Processor 10NOS @ Rs.7,300
 Intel H81 Chipset Mother Board 15NOS @ Rs.3850
 HYNIX DDR3 4GB RAM 20NOS @ Rs.1,200
 Seagate 1TB HDD 15NOS @ Rs.2,800
 WD 250GB SSD 15NOS @ Rs.2,200
 Zebronics Cabinet with 230V SMPS 20NOS @ Rs.1,300
 Samsung 20 inch LED Monitor 15NOS @ Rs.8,000
 Logitech MK200 Keyboard & Mouse
25 NOS Rs.650
(Description – Computer Parts HSN – 8471 & GST – 18%)
Calculate include CGST and SGST Amount
To activate manufacturing journal voucher:
 Back to Gateway of Tally
 Create - Voucher Type
 Name: Manufacturing Journal
 Select type of voucher: Stock Journal
 Use as a Manufacturing Journal – YES
 Save

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The company manufacturing 6 NOS of COMPUTER used following raw materials:

Stock Item Quantity
I3 Processor 6 NOS
Intel H81 Chipset Mother Board 6 NOS
HYNIX DDR3 44GB RAM 6 NOS
Seagate 1TB HDD 6 NOS
WD 250GB SSD 6 NOS
Zebronics Cabinet with 230V SMPS 6 NOS
Samsung 20 inch LED Monitor 6 NOS
Logitech MK200 Keyboard & Mouse 6 NOS

Additional cost of manufacturing in service charges only 5% calculate the COMPUTER per
unit value in before sale.

May 02 - 3 COMPUTER sold for cash was Rs.32,000 each

Output:
Gross Profit = 10005.00 [10.42%]

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Answer:
 Create Company
 Company Name : Visual Enterprises
 Address : No.76, Ashtabujam Road, Choolai, Chennai-112.
 State : Tamilnadu
 Financial Year : 1.4.2023
 Enable GST : YES
 GST No. : 33ASDFG1547G22T
 Save : Ctrl + A
 Back to Gateway of Tally
 Create
 Stock Group

Stock Group Creation

Name Under Should Quantities of Item be added
Electronic Items Primary Yes

 Save
 Back to List of Masters
 Unit

Unit Creation
Type Symbol Formal Name UQC Decimal Place
Simple Nos Numbers Nos – Numbers 0

 Save
 Back to List of Masters
 Stock Item

Stock Item Creation

Name Intel i3 Intel H81 MB Hynix DDR3 4GB Seagate 1TB
Processor Ram HDD
Under Electronic
Electronic Items Electronic Items Electronic Items
Items
Unit Nos Nos Nos Nos
GST Applicable Applicable Applicable Applicable Applicable
Set/Alter GST Details Yes Yes Yes Yes
Description Computer Parts Computer Parts Computer Parts Computer Parts
HSN/SAC 8471 8471 8471 8471
Calculation Type On value On value On value On value
Taxability Taxable Taxable Taxable Taxable
Integrated Tax 18% 18% 18% 18%
Central Tax 9% 9% 9% 9%
State Tax 9% 9% 9% 9%
Cess 0% 0% 0% 0%
Enter Enter Enter Enter
Type of Supply Goods Goods Goods Goods
Save Save Save Save

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Stock Item Creation

Name Zeb Cabinet Samsung 20” LED Dell USB KB &
WD 250GB SSD
with SMPS Monitor Mouse
Under Electronic
Electronic Items Electronic Items Electronic Items
Items
Unit Nos Nos Nos Nos
GST Applicable Applicable Applicable Applicable Applicable
Set/Alter GST Details Yes Yes Yes Yes
Description Computer Parts Computer Parts Computer Parts Computer Parts
HSN/SAC 8471 8471 8471 8471
Calculation Type On value On value On value On value
Taxability Taxable Taxable Taxable Taxable
Integrated Tax 18% 18% 18% 18%
Central Tax 9% 9% 9% 9%
State Tax 9% 9% 9% 9%
Cess 0% 0% 0% 0%
Enter Enter Enter Enter
Type of Supply Goods Goods Goods Goods
Save Save Save Save
 Back to List of Masters
 Godown
 Create New
Godown Creation
Name Under Address
Store Room Primary Choolai, Chennai
Show Room Primary Purasaiwakkam, Chennai
Save

 Back to Gateway of Tally

 Voucher

Purchase No.01 – [F9]

Date 1.5.2023
Party’s A/C Name Alt + C
Name Compaq System Ltd
Under Sundry Creditors
Maintain Balance bill by bill Yes
Address No.10, Purasaiwakkam, Chennai-74.
State Tamilnadu
GST No. 33ASDHT5544T66G
Save
Purchase Ledger Alt + C
Name Cash Purchase
Under Purchase A/C
Type of Supply Goods
Save

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VCC VISUAL COMPUTER CENTRE 9940553503

Name of Item Godown Qty Rate Amount

Intel i3 Processor Store Room 10 7,300 73,000
Intel H81 MB Store Room 15 3,850 57,750
Hynix DDR3 4GB Ram Store Room 20 1,200 24,000
Seagate 1TB HDD Store Room 15 2,800 42,000
WD 250GB SSD Store Room 15 2,200 33,000
Zeb Cabinet with SMPS Store Room 20 1,300 26,000
Samsung 20” LED Monitor Store Room 15 8,000 1,20,000
Dell USB KB & Mouse Store Room 25 650 16,250
3,92,000
Alt + C – CGST 35,280
Alt + C – SGST 35,280
Total 135 4,62,560
New Ref. Bill No.CS001 - Save
 Back to Gateway of Tally
 Create - Voucher Type
 Name: Manufacturing Journal
 Select type of voucher – Stock Journal
 Use as a manufacturing Journal - Yes
 Save

 Back to Gateway of Tally

 Voucher
 Voucher Type – Alt + F7
 Name – Manufacturing Journal - Enter
Manufacturing Journal No.01 – Alt + F7
Name of Product Alt + C
Name Computer
Under Electronic Items
Unit Nos
GST Applicable Applicable
Set/Alter GST Details Yes
Description Computer
HSN/SAC 8471
Calculation Type On Value
Taxability Taxable
Integrated Tax 18%
Central Tax 9%
State Tax 9%
Cess 0%
Enter
Type of Supply Goods
Save
Godown Show Room
Qty 6

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Components(Consumption)
Name of Item Godown Qty Rate Amount
Intel i3 Processor Store Room 6 7,300 43,800
Intel H81 MB Store Room 6 3,850 23,100
Hynix DDR3 4GB Ram Store Room 6 1,200 7,200
Seagate 1TB HDD Store Room 6 2,800 16,800
WD 250GB SSD Store Room 6 2,200 13,200
Zeb Cabinet with SMPS Store Room 6 1,300 7,800
Samsung 20” LED
Store Room 6 8,000 48,000
Monitor
Dell USB KB & Mouse Store Room 6 650 3,900
48 Nos 1,63,800
Effective Rate of Primary Item 27,300 / Nos
Type of Additional Cost %age Amount
Alt + C
Name: Service Charges 5% 8,190
Under: Direct Expenses
Total Additional Cost 8,190
Effective Cost 1,71,990
Allocation to Primary Item 1,71,990
Effective Rate of Primary Item 28,665/Nos
Save

Sales No.01 – [F8]

Party’s A/C Name Alt + C
Name Cash Customer
Under Sundry Debtors
Save
Sales Ledger Alt + C
Name Cash Sales
Under Sales Account
Type of Supply Goods
Save
Name of Item Godown Qty Rate Amount
Computer Show Room 3 32,000 96,000
CGST 9% 8,640
SGST 9% 8,640
Grand Total 3 Nos 1,13,280
New Ref. Bill No.001 – Save
 Back to Gateway of Tally
 Stock Summary
 Computer - Press F7 key
Output:
Gross Profit = 10,005.00 10.42%

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47. How to enter additional cost of purchase in Tally Prime?

The following would be recorded in journal using double entry system of the posting process
from journal and prepare the trial balance, trading A/C, Profit & Loss Account and Balance Sheet.

Particulars Rs.
Capital 7,00,000
Government Security 1,00,000
Salary Payable 1,00,000
Debenture 2,00,000
Reserves 1,00,000
Computer 1,00,000
Cash 1,00,000
KVB Bank 2,00,000

Stock Information:
Stock Item Stock in Hand Quantity Rate
Ultra Tech Cement 100 Bags 500
Bricks 500 Bags 100
Coromandel Cement 1,000 Bags 500

Transaction during the period:

May 01 - Paid Telephone Charges Rs.3,000
May 01 - Bank O/D received Rs.50,000
May 01 - Goods purchased on credit from TAMILAN TRADERS for the followings:
 Coromandel Cement 200 Bags @ Rs.500 each
[Add Inward Charges 2% and Freight Charges 2% Bill No.21, Days =10]
May 01 - Commission Received Rs.5,000
May 01 - Goods Sold on credit to RAMES&CO for the followings:
 Ultra Tech Cement 50 Bags @Rs.600 each
 Bricks 200 Nos @ Rs.150 each Bill No.32, Day =15
May 01 - Interest on Bank Balance Rs.5,000
May 01 - Goods purchased on credit from UMA&CO for the followings:
 Ultra Tech Cement 100 Bags @ 500 each
 Bricks 100 Nos @ Rs.100 each
[Add inward Charges 4% and Freight Charges 2% Bill No.45, Day =12]
May 01 - Cash Deposit into Bank Rs.4,000

Output:
 Opening Balance = 11,00,000
 Gross Profit = 14,050
 Net Profit = 21,050
 Balance Sheet = 13,38,650
 Closing Stock = 7,21,650

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Answer:
 Create Company
 Company Name : Visual Enterprises
 State : Tamilnadu
 Financial Year : 1.4.2023
 Enable GST : No
 Save : Ctrl + A
 Back to Gateway of Tally
 Create - Ledger
Ledger Creation
Name Under Debit Credit
Capital Capital a/c 7,00,000
Government securities Investment 1,00,000
Salary payable Current liabilities 1,00,000
Debentures Secured loan 2,00,000
Reserves and surplus Reserves and surplus 1,00,000
Computer Fixed asset 1,00,000
Cash (Page up key) Cash in hand 1,00,000
KVB Bank Bank a/c 2,00,000
Total Opening Balance 5,00,000 11,00,000
Difference 6,00,000
 To check opening balance are not tallied (Difference = 6,00,000)
 Back to list of masters
 Stock group
Stock Group Creation
Name Under
Stock in Hand Primary
 Back to list of masters
 Unit
Unit Creation
Type Symbol Formal Name Decimal Value
Simple Bag Bags 0
Simple Nos Numbers 0
Save

 Back to list of masters

 Stock item

Stock Item Creation

Name Under Units Qty Rate Amount
Ultratech Cement Stock in hand Bag 100 Bags 500 50,000
Bricks Stock in hand Nos 500 Nos 100 50,000
Coromandel Cement Stock in hand Bag 1000 Bag 500 5,00,000
Save

105
VCC VISUAL COMPUTER CENTRE 9940553503

 Back to gateway of tally

 Create
 Ledger
 To check opening balance are tallied
 11,00,000 Dr
 11,00,000 Cr
 Back to gateway of tally
 Vouchers
May 01 – Paid Telephone charges was Rs.3000
Payment No.1[F5]
Date Particulars Debit Credit
Dr. Alt + C
Name: Telephone Charges 3,000
1.5.2023
Under: Indirect Expenses
Cr. Cash 3,000
Save

May 01 – Bank O/D Received was Rs.50,000

Contra No.01[F4]
Date Particulars Debit Credit
Cr. Alt + C
1.5.2023 Name: Bank O/D 50,000
Under: Bank O/D A/C
Dr. KVB Bank 50,000
Save
 Back to gateway of tally
 Alter
 Voucher type
 Purchase
 Track additional cost of purchase : Yes
 Save
 Back to gateway of tally
 Vouchers
Purchase No.01 [F9]
Change Mode – Ctrl + H  As Voucher
Date Particulars Debit Credit
Cr. Alt + C
50,000
Name: Tamilan Traders
New Ref.
Under: Sundry Creditors
Bill No.21, Days = 10
Maintain balance bill by bill:
1.5.2023 1,04,000
Yes
Dr. Alt + C
Name: Credit Purchase 1,04,000
Under: Purchase a/c
Enter

106
VCC VISUAL COMPUTER CENTRE 9940553503

Name of Item Qty Rate Amount

Coromandel Cement 200 Bags 500 1,00,000
Enter
Type of cost Percentage % Amount
Alt + C 2% 2000
Name: Inward Charges
Under: Direct Expenses
Alt + C 2% 2000
Name: Freight Charges
Under : Direct Expenses
Save

May 01 - Commission Received was Rs.5000

Receipt No.01 [F6]
Date Particulars Debit Credit
Cr. Alt + C
Name: Commission Received 5,000
1.5.2023
Under: Indirect Income
Dr. Cash 5,000
Save

Sales No.01 – [F8]

Date 2.5.2023
Party’s A/C Name Alt + C
Name Ramesh&Co
Under Sundry Debtors
Maintain Balance bill by bill Yes
Save
Sales Ledger Alt + C
Name Cash Sales
Under Sales A/C
Type of Supply Goods
Save
Name of Item Qty Rate Amount
Ultra Tech Cement 50 Bags 600 30,000
Bricks 200 Nos 150 30,000
Total 60,000
New Ref. Bill No. 32 ; Days =15 - Save

May 02 – Interest on Bank Balance Rs.5000

Receipt No.02 [F6]
Date Particulars Debit Credit
Cr. Alt + C
Name: Interest Received 5,000
1.5.2023
Under: Indirect Income
Dr. KVB Bank 5,000

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Purchase No.02 [F9]

Change Mode – Ctrl + H  As Voucher
Date Particulars Debit Credit
Cr. Alt + C 50,000
Name: Uma & Co New Ref.
Under: Sundry Creditors Bill No.45, Days = 12
1.5.2023 Maintain balance bill by bill: Yes 63,600
Dr. Alt + C
Name: Credit Purchase 63,600
Under: Purchase a/c
Enter

Name of the item Qty Rate Amount

Ultra Tech Cement 100 Bags 500 50,000
Enter
Type of cost Percentage % Amount
Inward Charges 4% 2,000
Freight Charges 2% 1,000
Save

Name of Item Qty Rate Amount

Bricks 100 Nos 100 10,000
Enter
Type of cost Percentage % Amount
Inward Charges 4% 400
Freight Charges 2% 200
Save

May 03 – Cash Deposit into Bank

Contra No.02 – [F4]
Date Particulars Debit Credit
Cr. Cash 4,000
1.5.2023
Dr. KVB bank 4,000
Save

Output:
 Gross Profit = 14,050
 Net Profit = 21,050
 Balance Sheet = 13,38,650
 Closing Stock = 7,21,650

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48. How to enable purchase order and order processing in Tally Prime?

To Activate Job Order Processing:

 Company Features
 Enable Job Order Processing – YES
To Activate Purchase Order Processing:
 Back to Gateway of Tally
 Alter
 Voucher Type
 Purchase Order
 Activate this voucher type – YES
 Save
Transaction during the Period:
May 01 - Purchase Order issued to Compaq System Ltd for the followings
 Intel i3 Processor 10NOS @ Rs.7,300
 Intel H81 Chipset Mother Board 15NOS @ Rs.3850
 HYNIX DDR3 4GB RAM 20NOS @ Rs.1,200
 Seagate 1TB HDD 15NOS @ Rs.2,800
 WD 250GB SSD 15NOS @ Rs.2,200
 Zebronics Cabinet with 230V SMPS 20NOS @ Rs.1,300
 Samsung 20 inch LED Monitor 15NOS @ Rs.8,000
 Logitech MK200 USB 2.0 Keyboard & Mouse
25 NOS Rs.650 [Order No.CS82 HSN – 8471 & GST – 18%]
Calculate include CGST and SGST Amount
May 01 - Stock received from Compaq System Ltd against for the following items
 I3 Processor 10NOS @ Rs.7,300
 Intel H81 Chipset Mother Board 15NOS @ Rs.3850
 HYNIX DDR3 44GB RAM 20NOS @ Rs.1,200
 Seagate 1TB HDD 15NOS @ Rs.2,800
 WD 250GB SSD 15NOS @ Rs.2,200
 Zebronics Cabinet with 230V SMPS 20NOS @ Rs.1,300
 Samsung 20 inch LED Monitor 15NOS @ Rs.8,000
 Logitech MK200 USB 2.0 Keyboard & Mouse 25 NOS Rs.650
[Against Order No.CS82 Bill No.CS001]
Calculate include CGST and SGST Amount

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Answer:
 Create Company
 Company Name : Visual Enterprises
 Address : No.76, Ashtabujam Road, Choolai, Chennai-112.
 State : Tamilnadu
 Financial Year : 1.4.2023
 Enable GST : YES
 GST No. : 33ASDFG1547G22T
 Save : Ctrl + A

 Back to Gateway of Tally

 Create
 Stock Group
Stock Group Creation
Name Under Should Quantities of Item be added
Electronic Items Primary Yes
 Save
 Back to List of Masters
 Unit
Unit Creation
Type Symbol Formal Name UQC Decimal Place
Simple Nos Numbers Nos – Numbers 0
 Save
 Back to List of Masters
 Stock Item
Stock Item Creation
Name Intel i3 Intel H81 MB Hynix DDR3 4GB Seagate 1TB
Processor Ram HDD
Under Electronic
Electronic Items Electronic Items Electronic Items
Items
Unit Nos Nos Nos Nos
GST Applicable Applicable Applicable Applicable Applicable
Set/Alter GST Details Yes Yes Yes Yes
Description Computer Parts Computer Parts Computer Parts Computer Parts
HSN/SAC 8471 8471 8471 8471
Calculation Type On value On value On value On value
Taxability Taxable Taxable Taxable Taxable
Integrated Tax 18% 18% 18% 18%
Central Tax 9% 9% 9% 9%
State Tax 9% 9% 9% 9%
Cess 0% 0% 0% 0%
Enter Enter Enter Enter
Type of Supply Goods Goods Goods Goods
Save Save Save Save

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Stock Item Creation

Name Zeb Cabinet Samsung 20” LED Dell USB KB &
WD 250GB SSD
with SMPS Monitor Mouse
Under Electronic
Electronic Items Electronic Items Electronic Items
Items
Unit Nos Nos Nos Nos
GST Applicable Applicable Applicable Applicable Applicable
Set/Alter GST Details Yes Yes Yes Yes
Description Computer Parts Computer Parts Computer Parts Computer Parts
HSN/SAC 8471 8471 8471 8471
Calculation Type On value On value On value On value
Taxability Taxable Taxable Taxable Taxable
Integrated Tax 18% 18% 18% 18%
Central Tax 9% 9% 9% 9%
State Tax 9% 9% 9% 9%
Cess 0% 0% 0% 0%
Enter Enter Enter Enter
Type of Supply Goods Goods Goods Goods
Save Save Save Save
 Back to Gateway of Tally
 Alter
 Voucher Type
 Purchase Order
 Activate this voucher type – Yes
 Save

 Back to Gateway of Tally

 Voucher
Purchase Order No.01 – [Ctrl + F9]
Date 1.5.2023
Party’s A/C Name Alt + C
Name Compaq System Ltd
Under Sundry Creditors
Maintain Balance bill by bill Yes
Address No.10, Purasaiwakkam, Chennai-74.
State Tamilnadu
GST No. 33ASDHT5544T66G
Save
Order No. CS82
Enter
Purchase Ledger Alt + C
Name Cash Purchase
Under Purchase A/C
Type of Supply Goods
Save

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Name of Item Duo On Qty Rate Amount

Intel i3 Processor 1 May 2023 10 7,300 73,000
Intel H81 MB 1 May 2023 15 3,850 57,750
Hynix DDR3 4GB Ram 1 May 2023 20 1,200 24,000
Seagate 1TB HDD 1 May 2023 15 2,800 42,000
WD 250GB SSD 1 May 2023 15 2,200 33,000
Zeb Cabinet with SMPS 1 May 2023 20 1,300 26,000
Samsung 20” LED
1 May 2023 15 8,000 1,20,000
Monitor
Dell USB KB & Mouse 1 May 2023 25 650 16,250
3,92,000
Alt + C – CGST 9% 35,280
Alt + C – SGST 9% 35,280
Total 135 Nos 4,62,560
Save

Purchase No.01 – [F9]

Date 1.5.2023
Supplier’s Invoice No. CS001
Party’s A/C Name Compaq System Ltd
Enter
Order No. CS82
Enter – End of List
Purchase Ledger Cash Purchase
Save
Name of Item Order No. Due On Qty Rate Amount
Intel i3 Processor CS82 1 May 2023 10 7,300 73,000
Intel H81 MB CS82 1 May 2023 15 3,850 57,750
Hynix DDR3 4GB Ram CS82 1 May 2023 20 1,200 24,000
Seagate 1TB HDD CS82 1 May 2023 15 2,800 42,000
WD 250GB SSD CS82 1 May 2023 15 2,200 33,000
Zeb Cabinet with SMPS CS82 1 May 2023 20 1,300 26,000
Samsung 20” LED
CS82 1 May 2023 15 8,000 1,20,000
Monitor
Dell USB KB & Mouse CS82 1 May 2023 25 650 16,250
3,92,000
CGST 9% 35,280
SGST 9% 35,280
Total 135 Nos 4,62,560
New Ref. Bill No.CS001 - Save

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49. How to enable Sales Order, Delivery Note and Sales Order Processing?
May 02 - Sales Order received from Modern Computers
 I3 Processor 10NOS @ Rs.7,800
 Intel H81 Chipset Mother Board 15NOS @ Rs.4150
 HYNIX DDR3 44GB RAM 20NOS @ Rs.1,400
 Seagate 1TB HDD 15NOS @ Rs.3100
 WD 250GB SSD 15NOS @ Rs.2,500
 Zebronics Cabinet with 230V SMPS 20NOS @ Rs.1,500
 Samsung 20 inch LED Monitor 15NOS @ Rs.8,300
 Logitech MK200 USB 2.0 Keyboard & Mouse 25 NOS Rs.750 [Order No.MC55]
Calculate include CGST and SGST Amount
May 02 - Issued Delivery Note against Order No.MC55 for the following stocks
 I3 Processor 10NOS @ Rs.7,800
 Intel H81 Chipset Mother Board 15NOS @ Rs.4150
 HYNIX DDR3 44GB RAM 20NOS @ Rs.1,400
 Seagate 1TB HDD 15NOS @ Rs.3100
 WD 250GB SSD 15NOS @ Rs.2,500
 Zebronics Cabinet with 230V SMPS 20NOS @ Rs.1,500
 Samsung 20 inch LED Monitor 15NOS @ Rs.8,300
 Logitech MK200 USB 2.0 Keyboard & Mouse 25 NOS Rs.750
May 02 - Stock issued to Modern Computers for the following items
 I3 Processor 10NOS @ Rs.7,800
 Intel H81 Chipset Mother Board 15NOS @ Rs.4150
 HYNIX DDR3 44GB RAM 20NOS @ Rs.1,400
 Seagate 1TB HDD 15NOS @ Rs.3100
 WD 250GB SSD 15NOS @ Rs.2,500
 Zebronics Cabinet with 230V SMPS 20NOS @ Rs.1,500
 Samsung 20 inch LED Monitor 15NOS @ Rs.8,300
 Logitech MK200 USB 2.0 Keyboard & Mouse 25 NOS Rs.750

Output:
Net Profit = 33,500.

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Answer:
 Back to Gateway of Tally
 Alter
 Voucher Type
 Sales Order
 Activate this voucher type - Yes
 Save
 List of Voucher type
 Delivery note
 Activate this voucher type – Yes
 Save
 Back to Gateway of Tally
 Voucher - Sales Order – Ctrl + F8
Sales Order No.01 – [Ctrl + F8]
Date 2.5.2023
Party’s A/C Name Alt + C
Name Modern Computers
Under Sundry Debtors
Maintain Balance bill by bill Yes
Address No.10, Choolai, Chennai-112.
State Tamilnadu
GST No. 33ASDHT5544T52G
Save
Order No. MC55
Enter
Sales Ledger Alt + C
Name Cash Sales
Under Sales A/C
Type of Supply Goods
Save
Name of Item Due On Qty Rate Amount
Intel i3 Processor 2 May 2023 10 7,800 78,000
Intel H81 MB 2 May 2023 15 4,150 62,250
Hynix DDR3 4GB Ram 2 May 2023 20 1,400 28,000
Seagate 1TB HDD 2 May 2023 15 3,100 46,500
WD 250GB SSD 2 May 2023 15 2,500 37,500
Zeb Cabinet with SMPS 2 May 2023 20 1,500 30,000
Samsung 20” LED
2 May 2023 15 8,300 1,24,500
Monitor
Dell USB KB & Mouse 2 May 2023 25 750 18,750
4,25,500
Alt + C – CGST 9% 38,295
Alt + C – SGST 9% 38,295
Total 135 Nos 5,02,090
Save

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Delivery Note No.01 – [Alt + F8]

Date 2.5.2023
Party’s A/C Name Modern Computers
Enter
Order No. MC55
End of List - Enter
Sales Ledger Cash Sales
Enter
Tracking
Name of Item Order No Due On Qty Rate Amount
No
Intel i3 Processor 1 MC55 2 May 2023 10 7,800 78,000
Intel H81 MB 1 MC55 2 May 2023 15 4,150 62,250
Hynix DDR3 4GB Ram 1 MC55 2 May 2023 20 1,400 28,000
Seagate 1TB HDD 1 MC55 2 May 2023 15 3,100 46,500
WD 250GB SSD 1 MC55 2 May 2023 15 2,500 37,500
Zeb Cabinet with SMPS 1 MC55 2 May 2023 20 1,500 30,000
Samsung 20” LED
1 MC55 2 May 2023 15 8,300 1,24,500
Monitor
Dell USB KB & Mouse 1 MC55 2 May 2023 25 750 18,750
4,25,500
Alt + C – CGST 9% 38,295
Alt + C – SGST 9% 38,295
Total 135 Nos 5,02,090
Save

Sales No.01 – [F8]

Date 2.5.2023
Party’s A/C Name Modern Computers
Enter
Delivery Note No. 1
End of List – Enter
Sales Ledger Cash Sales
Enter
Tracking
Name of Item Order No Due On Qty Rate Amount
No
Intel i3 Processor 1 MC55 2 May 2023 10 7,800 78,000
Intel H81 MB 1 MC55 2 May 2023 15 4,150 62,250
Hynix DDR3 4GB Ram 1 MC55 2 May 2023 20 1,400 28,000
Seagate 1TB HDD 1 MC55 2 May 2023 15 3,100 46,500
WD 250GB SSD 1 MC55 2 May 2023 15 2,500 37,500
Zeb Cabinet with SMPS 1 MC55 2 May 2023 20 1,500 30,000
Samsung 20” LED
1 MC55 2 May 2023 15 8,300 1,24,500
Monitor
Dell USB KB & Mouse 1 MC55 2 May 2023 25 750 18,750
4,25,500

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Alt + C – CGST 9% 38,295

Alt + C – SGST 9% 38,295
Total 135 Nos 5,02,090
Save
 Back to Gateway of Tally
 Profit & Loss A/C
 Detailed View – Alt + F1
Output:
Net Profit = 33,500.

50. How to enter purchase and sales NIL rate GST entries in tally prime?

Nil Rated GST Goods Entries [ Purchase Date: 1.4.2023 Sales Date: 2.4.2023 ]
Goods Name Group Unit Qty Purchase Rate Sales Rate
Milk Stock in Hand Ltr 100 70 85
Egg Stock in Hand Nos 100 4.50 5.50
Natural Honey Stock in Hand Btl 100 200 300
Fresh Vegetable Stock in Hand Kgs 100 50 70
Salt Stock in Hand Kgs 100 10 15

Output:
 Net Profit = 14,100

51. How to enter 5% GST Goods for Purchase and Sales entries in tally prime?

5% GST Goods Entries [ Purchase Date: 1.5.2023 Sales Date: 2.5.2023 ]

Goods Name Group Unit Qty Purchase Rate Sales Rate
Gold Winner Stock in Hand Ltr 100 150 180
VKC Slippers Stock in Hand Nos 100 250 350
Cashew Nut Stock in Hand Kgs 100 600 800
Sugar Stock in Hand Kgs 100 30 45
3 Roses Tea Powder Stock in Hand Pkt 100 35 50

Output:
 Net Profit = 36,000

52. How to enter 12% GST Goods for Purchase and Sales entries in tally prime?

12% GST Goods Entries[ Purchase Date: 1.6.2023 Sales Date: 2.6.2023 ]
Goods Name Group Unit Qty Purchase Rate Sales Rate
Aavin Ghee Stock in Hand Ltr 100 350 500
Sony Television 32 inch Stock in Hand Nos 100 28000 32000
Butter(100g) Stock in Hand Gms 100 30 50
Umbrella Stock in Hand Nos 100 80 100
Mango Pickles(250gms) Stock in Hand Btl 100 60 80

Output:
 Net Profit = 4,21,000

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53. How to enter 18% GST Goods for Purchase and Sales entries in tally prime?

18% GST Goods Entries[ Purchase Date: 1.7.2023 Sales Date: 2.7.2023 ]
Goods Name Group Unit Qty Purchase Rate Sales Rate
Colgate Tooth Paste Stock in Hand Nos 100 65 80
Hamam Soap Stock in Hand Nos 100 29 40
HP Printer Stock in Hand Nos 100 9500 10500
CCTV Camera Stock in Hand Nos 100 1800 2200
Class Mate Note Book Stock in Hand Nos 100 40 55

Output:
 Net Profit = 1,44,100

54. How to enter 28% GST Goods for Purchase and Sales entries in tally prime?

28% GST Goods Entries[ Purchase Date: 1.8.2023 Sales Date: 2.8.2023 ]
Goods Name Group Unit Qty Purchase Rate Sales Rate
Asian Paints Stock in Hand Ltr 100 300 450
Dairy Milk Chocolate Stock in Hand Nos 100 65 80
Pepsi Cool Drink Stock in Hand Btl 100 25 40
George Hair Color Stock in Hand Pkt 100 25 35
Gillette Shaving Cream Stock in Hand Nos 100 60 80

Output:
 Net Profit = 21,000

55. How to enter multiple GST Goods for Purchase and Sales entries in tally prime?

Multiple GST Goods Entries[ Purchase Date: 1.9.2023 Sales Date: 2.9.2023 ]
Goods Name Group Unit Qty Purchase Rate Sales Rate
Coconut Stock in Hand Nos 100 15 25
Egg Stock in Hand Nos 100 4.50 5.50
Sugar Stock in Hand Kgs 100 30 45
Cashew Nut Stock in Hand Kgs 100 600 800
Mango Pickles Stock in Hand Btl 100 60 80
Hamam Soap Stock in Hand Nos 100 29 40
Colgate Tooth Paste Stock in Hand Nos 100 65 80
Gold winner Oil Stock in Hand Ltr 100 150 180
Classmate Note Book Stock in Hand Nos 100 40 55
Asian Paint Stock in Hand Ltr 100 300 450

Output:
 Net Profit = 46,700

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56. How to enter salary and salary advanced voucher entries in tally prime?
 Create Company
 Company Name - Visual Enterprises
 State - Tamilnadu
 Financial Year - 1.4.2023
 Enable GST - No
 Save - Ctrl + A
 Back to Gateway of Tally
 Create
 Ledger

Name Under Opening Balance

Suresh Salary A/C Indirect Expenses
Suresh Salary Advance A/C Loans & Advances (Asset)
Suresh Salary Payable A/C Current Liabilities
Raju Salary A/C Indirect Expenses
Raju Salary Advance A/C Loans & Advances (Asset)
Raju Salary Payable A/C Current Liabilities
ICICI Bank Bank A/C 1,00,000

 Back to Gateway of Tally

 Vouchers

May 02 – Paid Salary Advanced to Suresh was Rs.5,000

Payment No. 01 [F5]
Date Particulars Debit Credit
Dr. Suresh Salary Advanced A/C 5,000
2.5.2023
Cr. ICICI Bank 5,000
Save

 Back to Gateway of Tally

 Balance Sheet – Detailed View – [Alt + F1]
 To check Asset side
 Loans and Advance Assets = 5,000
 Back to Gateway of Tally
 Vouchers

May 31–Company paid to Suresh salary advance Rs.5,000 and salary payable A/C was Rs.30,000
Journal No. 01 [F7]
Date Particulars Debit Credit
Dr. Suresh Salary A/C 35,000
31.5.2023 Cr. Suresh Salary Advance A/C 5,000
Cr. Suresh Salary Payable A/C 30,000
Save

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May 31 – Company paid to Raju Payable A/C was Rs.25,000

Journal No. 02 [F7]
Date Particulars Debit Credit
Dr. Raju Salary A/C 25,000
31.5.2023
Cr. Raju Salary Payable A/C 25,000
Save

 Back to Gateway of Tally

 Balance Sheet – Detailed View – [Alt + F1]
 To check Liability side
 Current Liability = 55,000
 Raju Salary Payable A/C = 25,000
 Suresh Salary Payable A/C = 30,000

 Back to Gateway of Tally

 Vouchers

May 31 – Paid salary to Suresh was Rs.30,000 by cheque

Payment No. 02 [F5]
Date Particulars Debit Credit
Dr. Suresh Salary Payable A/C 30,000
31.5.2023
Cr. ICICI Bank 30,000
Save

May 31 – Paid salary to Raju was Rs.25,000 by cheque

Payment No. 03 [F5]
Date Particulars Debit Credit
Dr. Raju Salary Payable A/C 25,000
31.5.2023
Cr. ICICI Bank 25,000
Save

Output:
 Back to Gateway of Tally
 Balance Sheet – Detailed View – [Alt + F1]
 To check Liability side
 Raju Salary Payable A/C =
 Suresh Salary Payable A/C =
 It will amount disappear from Current Liabilities

 Back to Gateway of Tally

 Profit & Loss A/C – Detailed View – [Alt + F1]
 To check Indirect Expenses = 60,000
 Raju Salary A/C = 25,000
 Suresh Salary A/C = 30,000
 It will appear on Profit & Loss – Indirect Expenses

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57. How to enter Department wise Salary entries in Tally Prime?

Sales Department
Name Salary Advance Balance
Prakash 20000 6000 14000
Kumar 20000 0 20000
Dina 20000 5000 15000
Revathi 20000 7000 13000
Rani 20000 5000 15000
Total 100000 23000 77000

Accounts Department
Name Salary Advance Balance
Mani 30000 5000 25000
Raja 20000 5000 15000
Sundar 15000 7000 8000
Vikram 30000 8000 22000
Total 95000 25000 70000

 Company Features – F11

 Enable Cost Centre – Yes
 Save
Ledger Creation(Configure – 12  Apply Cost Centre for Ledger – Yes)
Name Under Cost Centre Applicable
Salary Account Indirect Exp. Yes
Salary Advanced A/C Loans & Advance(Assets) Yes
Salary Payable A/C Current Liabilities Yes

Cost Centre Creation:

 Back to Gateway of Tally

 Create
 Cost Centre
Name Under
Sales Department Primary
Accounts Department Primary
Prakash Sales Department
Kumar Sales Department
Dina Sales Department
Revathi Sales Department
Rani Sales Department
Mani Accounts Department
Raja Accounts Department
Sundar Accounts Department
Vikram Accounts Department

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Sales Department Advance Entries [Payment]:

May 15 - Paid Sales Department Salary Advance A/C Rs.23000 for the given
employees
Name of Cost Centre Amount
Prakash 6000
Dina 5000
Revathi 7000
Rani 5000
Total 23000

Accounts Department Advance Entries:

May 15 - Paid Account Department Salary Advance A/C Rs.25000 for the given
employees
Name of Cost Centre Amount
Mani 5000
Raja 5000
Sundar 7000
Vikram 8000
Total 25000

To check Loans and Advance Ledger:

 Back to Gateway of Tally
 Balance Sheet
 Current Assets
 Loans and Advance
 Check Sales Department and Accounts Department Advance

Journal Transactions:
May 31 - Paid Sales Department Salary Accounts Rs.100000 and deduct
the Salary Advance Rs.23000 Balance Amount Rs.77000 to
Salary Payable A/C
By = Salary Account
Name of Cost Centre Amount
Prakash 20000
Kumar 20000
Dina 20000
Revathi 20000
Rani 20000
Total 100000

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To = Salary Advance A/C

Name of Cost Centre Amount
Prakash 6000
Dina 5000
Revathi 7000
Rani 5000
Total 23000

To = Salary Payable A/C

Name of Cost Centre Amount
Prakash 14000
Kumar 20000
Dina 15000
Revathi 13000
Rani 15000
Total 77000

 Back to Gateway of Tally

 Balance Sheet
 Current Asset Amount Transfer to Current Liabilities

Display Department Wise Salary:

 Back to Gateway of Tally
 Display
 Sate of Accounts
 Cost Centre
 Cost Centre Breakup
 Sales Department
 Press Shift + Enter

Payment Transaction:
May 31 - Paid Sales Department Salary Payable Account Rs.77000 for The given
employees
Salary Payable A/C
Name of Cost Centre Amount
Prakash 14000
Kumar 20000
Dina 15000
Revathi 13000
Rani 15000
Total 77000

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Output:
 Salary Payable A/C = 0
 Salary A/C = 1,95,000
 Cost Centre Summary
Cost Centre Summary
Particulars Debit Credit Closing Balance
Accounts Departments 1,90,000 95,000 95,000
Accounts Departments
Mani 60,000 30,000 30,000
Raja 40,000 20,000 20,000
Sundar 30,000 15,000 15,000
Vikram 60,000 30,000 30,000
Sales Departments 2,00,000 1,00,000 1,00,000
Sales Departments
Deena 40,000 20,000 20,000
Kumar 40,000 20,000 20,000
Prakash 40,000 20,000 20,000
Rani 40,000 20,000 20,000
Revathi 40,000 20,000 20,000
Grand Total 3,90,000 1,95,000 1,95,000

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Answer:
 Create Company
 Company Name - Visual Enterprises
 State - Tamilnadu
 Financial Year - 1.4.2023
 Enable Cost Centre - Yes
 Enable GST - No
 Save - Ctrl + A
 Back to Gateway of Tally
 Create
 Ledger
Ledger Creation
Name Under Cost Centres are Applicable Opening Balance
ICICI Bank Bank Account Yes 5,00,000
Salary Advance A/C Loans & Advances(Asset) Yes
Salary A/C Indirect Expenses Yes
Salary Payable A/C Current Liabilities Yes
Save
 Back to List of Masters
 Cost Centre
 Enter
Cost Centre Creation
Name Under
Sales Department Primary
Accounts Department Primary
Prakash Sales Department
Kumar Sales Department
Deena Sales Department
Revathi Sales Department
Rani Sales Department
Mani Accounts Department
Raja Accounts Department
Sundar Accounts Department
Vikram Accounts Department
Save
 Back to Gateway of Tally
 Voucher
Payment No.01 – (Change Mode – Ctrl + H  Single Entry)
Account ICICI Bank
Particulars Amount
Salary Advance A/C 23,000
Enter
Name of Cost Centre Amount
Prakash 6,000
Deena 5,000

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Revathi 7,000
Rani 5,000
Cheque No.100011 – Save

Payment No.02
Account ICICI Bank
Particulars Amount
Salary Advance A/C 25,000
Enter
Name of Cost Centre Amount
Mani 5,000
Raja 5,000
Sundar 7,000
Vikram 8,000
Cheque No.100012 – Save

 Back to Gateway of Tally

 Balance Sheet
 Current Assets
 Loans & Advances (Asset) = 48,000

 Back to Gateway of Tally

 Voucher

Journal No.01 – [ F7 ]
Particulars Debit Credit
Dr. Salary A/C 1,00,000
Name of Cost Centre Amount
Prakash 20,000
Kumar 20,000
Deena 20,000
Revathi 20,000
Rani 20,000
Enter
Cr. Salary Advance A/C 23,000
Name of Cost Centre Amount
Prakash 6,000
Deena 5,000
Revathi 7,000
Rani 5,000
Enter
Cr. Salary Payable A/C 77,000
Name of Cost Centre Amount
Prakash 14,000
Kumar 20,000

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Deena 15,000
Revathi 13,000
Rani 15,000
Enter
Save

Journal No.02 – [ F7 ]
Particulars Debit Credit
Dr. Salary A/C 95,000
Name of Cost Centre Amount
Mani 30,000
Raja 20,000
Sundar 15,000
Vikram 30,000
Enter
Cr. Salary Advance A/C 25,000
Name of Cost Centre Amount
Mani 5,000
Raja 5,000
Sundar 7,000
Vikram 8,000
Enter
Cr. Salary Payable A/C 70,000
Name of Cost Centre Amount
Mani 25,000
Raja 15,000
Sundar 8,000
Vikram 22,000
Enter
Save

 Back to Gateway of Tally - Balance Sheet - Current Liabilities

 Salary Payable A/C = 1,47,000
 Back to Gateway of Tally - Display more Reports - Statements of Accounts - Cost Centre
 Cost Centre Break Up
Accounts Departments Sales Departments
Details View Alt + F1 Details View Alt + F1
Current Liabilities Current Liabilities
Salary Payable A/C = 70,000 Salary Payable A/C = 77,000
Current Assets Current Assets
Loans and Advances Assets = 25,000 Loans and Advances Assets = 23,000
Indirect Expenses Indirect Expenses
Salary A/C = 95,000 Salary A/C = 1,00,000
 Back to Gateway of Tally
 Vouchers

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Payment No.03
Account ICICI Bank
Particulars Amount
Salary Payable A/C 70,000
Enter
Name of Cost Centre Amount
Mani 25,000
Raja 15,000
Sundar 8,000
Vikram 22,000
Cheque No.100013 – Save

Payment No.04
Account ICICI Bank
Particulars Amount
Salary Payable A/C 77,000
Enter
Name of Cost Centre Amount
Prakash 14,000
Kumar 20,000
Deena 15,000
Revathi 13,000
Rani 15,000
Cheque No.100014 – Save
 Back to Gateway of Tally - Balance Sheet - Detailed View – Alt + F1 - Current Liabilities
 Salary Payable A/C = 0
 Back to Gateway of Tally - Profit & Loss A/C - Detailed View – Alt + F1 - Indirect
Expenses  Salary A/C = 1,95,000
 Back to Gateway of Tally - Display more Reports - Statements of Accounts - Cost Centre
 Cost Centre Summary - Detailed View – Alt + F1
Cost Centre Summary
Particulars Debit Credit Closing Balance
Accounts Departments 1,90,000 95,000 95,000
Accounts Departments
Mani 60,000 30,000 30,000
Raja 40,000 20,000 20,000
Sundar 30,000 15,000 15,000
Vikram 60,000 30,000 30,000
Sales Departments 2,00,000 1,00,000 1,00,000
Sales Departments
Deena 40,000 20,000 20,000
Kumar 40,000 20,000 20,000
Prakash 40,000 20,000 20,000
Rani 40,000 20,000 20,000
Revathi 40,000 20,000 20,000
Grand Total 3,90,000 1,95,000 1,95,000

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58. How to enter Salary to Wages Protection System (WPS) method?

Company Name - Prime Star Enterprises
Salary List for May – 2023
S.No Name Designation Month Salary Advance Net
1 Kumar Manager May -22 30,000 - 30,000
2 Sankar Asst. Manager May -22 22,500 2,500 20,000
3 Ayyappan Accountant May -22 18,500 1,500 17,000
4 Velmurugan Asst. Account May -22 12,000 1,000 11,000
5 Jeni Receptionist May -22 17,500 2,500 15,000
6 Sakthi Marketing Officer May -22 22,000 5,000 17,000
7 Jayaraman Sales May -22 20,000 3,000 17,000
8 RajKumar Outdoor Sales May -22 17,500 2,000 15,500
9 Aravind Driver May -22 15,000 1,000 14,000
10 Suresh Office Boy May -22 10,500 - 10,500
Net Salary Payable 1,85,500 18,500 1,67,000

Journal Transaction: Date: 31 May 2023

Particulars Debit Credit
By Salary Expenses – Current Liability 1,67,000
To Kumar 30,000
To Sankar 20,000
To Ayyappan 17,000
To Velmurugan 11,000
To Jeni 15,000
To Sakthi 17,000
To Jayaraman 17,000
To RajKumar 15,500
To Aravind 14,000
To Suresh 10,500
Total 1,67,000 1,67,000

Payment Transaction: Date: 31 May 2023

Account: ICICI Bank
Particulars Amount
Kumar 30,000
Sankar 20,000
Ayyappan 17,000
Velmurugan 11,000
Jeni 15,000
Sakthi 17,000
Jayaraman 17,000
RajKumar 15,500
Aravind 14,000
Suresh 10,500
Total 1,67000

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Output:
WPS List of May – 2023
A/C Month of
S.No Name Bank Name IFSC Code Net Salary
Number Salary
1 Kumar SBI 789456123 SBIN0020582 May -2023 30,000
2 Sankar ICICI Bank 321654987 ICIC0004325 May -2023 20,000
3 Ayyappan Indian Bank 852963741 IDIB000K056 May -2023 17,000
4 Velmurugan Canara Bank 147258369 CNRB0001278 May -2023 11,000
5 Jeni CUB 258746695 CIUB000288 May -2023 15,000
6 Sakthi Axis Bank 369563214 UTTV000599 May -2023 17,000
7 Jayaraman Indian Bank 789654258 IDIB000K056 May -2023 17,000
8 RajKumar IOB 258478123 IOBA0001368 May -2023 15,500
9 Aravind ICICI Bank 321654998 ICIC0004326 May -2023 14,000
10 Suresh Axis Bank 369563225 UTTV000598 May -2023 10,500

Answer:
 Create Company
 Company Name - Prime Star Enterprises
 State - Tamilnadu
 Financial Year - 1.4.2023
 Enable GST - No
 Save - Ctrl + A
 Back to Gateway of Tally
 Create
 Ledger

Ledger Creation
Name Under Opening Balance
ICICI Bank Bank Account 5,00,000
Salary Expenses Current Liabilities
Kumar Indirect Expenses
Sankar Indirect Expenses
Ayyappan Indirect Expenses
Velmurugan Indirect Expenses
Jeni Indirect Expenses
Sakthi Indirect Expenses
Jayaraman Indirect Expenses
RajKumar Indirect Expenses
Aravind Indirect Expenses
Suresh Indirect Expenses

 Back to Gateway of Tally

 Voucher

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Journal No.1 – [F7] Date: 31.5.2023

Configure – F12
Use Cr/Dr instead of To/By during voucher entry : No
Particulars Debit Credit
By Salary Expenses – Current Liability 1,67,000
To Kumar 30,000
To Sankar 20,000
To Ayyappan 17,000
To Velmurugan 11,000
To Jeni 15,000
To Sakthi 17,000
To Jayaraman 17,000
To RajKumar 15,500
To Aravind 14,000
To Suresh 10,500
Total 1,67,000 1,67,000

Payment No.01 – [F5] Date: 31.5.2023

Change Voucher Mode – Ctrl + H – Single Entry
Account ICICI Bank
Particulars Amount
Kumar 30,000
Sankar 20,000
Ayyappan 17,000
Velmurugan 11,000
Jeni 15,000
Sakthi 17,000
Jayaraman 17,000
RajKumar 15,500
Aravind 14,000
Suresh 10,500
Total 1,67000

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59. How to enter trade discount and cash discount for purchase and sales entries in Tally
Prime?

 Company Features – F11

 Use Discount Column Invoice – Yes
 Enable Goods and Service Tax(GST) - Yes
 GST No.33ASDFG5878D66G
 Save

Transaction during the period:

May 1 - Goods purchase from Grover Trading Enterprises for the followings
(Configure – F12 – Provide Cash/Trade Discount – Yes)
 Redmi Note 8 Pro 10Nos @ 9500 each
(Trade Discount_Interest Receivable @ 10% = 9500)
(GST Applicable – Not Applicable, Include in Accessible Value Calculation – GST
Appropriate to – Goods, Method of Calculation – Based on Value)[Calculate
CGST@6% & SGST@6% Amount]
May 1 - Goods purchase from Sangam Trading Enterprises for the
followings
 Redmi Note 6 Pro 10Nos @ 8500 each
(Cash Discount_Interest Received @ Rs.5000)
(GST Applicable – Not Applicable, Include in Accessible Value Calculation – GST
Appropriate to – Goods, Method of Calculation – Based on Value)[Calculate
CGST@6% & SGST@6% Amount]

May 2 - Goods sold to Ravi Mobiles for the followings

 Redmi Note 8 Pro 10Nos @ 11500 each (Trade Discount @ 5%)
[Calculate CGST@6% & SGST@6% Amount]
May 2 - Goods sold to Priya Mobiles for the followings
 Redmi Note 6 Pro 10Nos @ 10000 each
(Cash Discount_Interest Paid @ Rs.3000)
GST Applicable – Not Applicable, Include in Accessible Value Calculation – GST
Appropriate to – Goods, Method of Calculation – Based on Value)[Calculate
CGST@6% & SGST@6% Amount]

Output:-
 Gross Profit = 35000
 Net Profit = 40750

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Answer:
Create Company
Company Name : Visual Enterprises
State : Tamilnadu
Financial Year : 1.4.2023
Use discount column in invoice : Yes
Enable GST : Yes
Save : Ctrl + A
 Back to Gateway of Tally - Create - Stock Group
Stock Group Creation
Name Under Should quantities of item be added
Mobile Primary Yes
Save
 Back to list of Masters - Unit
Unit Creation
Type Symbol Formal Name UQC Decimal Value
Simple Nos Numbers Nos – Numbers 0
Save
 Back to list of Masters - Stock item

Stock Item Creation

Name Redmi Note 8 Pro Redmi Note 6 Pro
Under Mobile Mobile
Unit Nos Nos
GST Applicable Application Application
Set/Alter GST Details Yes Yes
Description mobile mobile
HSN/SAC 8415 8471
Calculation Type On value On value
Taxability Taxable Taxable
Integrated Tax 12% 12%
Central Tax 6% 6%
State Tax 6% 6%
Cess 0 0
Type of Supply Goods Goods
Save Save
 Back to Gateway of Tally – Vouchers
Purchase No.01 – [F9]
Configure F12
Provide Cash / Trade Discount Yes
Save
Date 1.5.2023
Supplier Invoice No. GT0001
Party’s A/C Name Alt + C
Name Grover Trading Enterprises

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Under Sundry Creditors

Maintain Balance bill by bill Yes
Address No:10, 1st Street, Parry’s Chennai-01.
State Tamilnadu
GST No. 33ASDHM5544T66G
Save
Purchase Ledger Alt + C
Name Cash Purchase
Under Purchase A/C
Type of Supply Goods
Save
Name of Item Quantity Rate/per Amount
Redmi Note 8 Pro 10 9,500/Nos 95,000
Discount 10% 9,500
95,000
Alt + C
Name Trade Discount_Interest Receivable
Under Indirect Income
Type of Ledger Not Applicable
Is GST Applicable Not Applicable
Set / Alter GST Details No
Including in assessable value
GST
calculation for
Appropriate to Goods
Method of Calculations Based on Value
Save
Trade Discount_Interest Receivable 10% -9,500
Alt + C – CGST 6% 5,130
Alt + C – SGST 6% 5,130
Grand Total 10 Nos 95,760
New Ref. Bill No.GT0001 - Save

Purchase No.02 – [F9]

Date 1.5.2023
Supplier Invoice No. ST0001
Party’s A/C Name Alt + C
Name SangamTrading Enterprises
Under Sundry Creditors
Maintain Balance bill by bill Yes
Address No.20, 2nd Street, Parry’s Chennai-01.
State Tamilnadu
GST No. 33ASDHM5544T66H
Save
Purchase Ledger Cash Purchase
Enter

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Name of Item Quantity Rate/per Amount

Redmi Note 6 Pro 10 8,500/Nos 85,000
Discount 5,000
85,000
Alt + C
Name Cash Discount_Interest Receivable
Under Indirect Income
Type of Ledger Not Applicable
Is GST Applicable Not Applicable
Set / Alter GST Details No
Including in assessable value
GST
calculation for
Appropriate to Goods
Method of Calculations Based on Value
Save
Cash Discount_Interest Receivable -5,000
CGST 6% 4,800
SGST 6% 4,800
Grand Total 10 Nos 89,600
New Ref. Bill No.ST0001 - Save

Sales No.01 – [F8]

Date 2.5.2023
Party’s A/C Name Alt + C
Name Ravi Mobile
Under Sundry Debtors
Maintain Balance bill by bill Yes
Address No:21, 3rd Street, Purasaiwakkam, Chennai-74.
State Tamilnadu
GST No. 33ASDHM5544T77S
Save
Sales Ledger Alt + C
Name Cash Sales
Under Sales A/C
Type of Supply Goods
Save
Name of Item Quantity Rate/per Amount
Redmi Note 8 Pro 10 11,500/Nos 1,15,000
Discount 5% 5,750
1,15,000
Alt + C
Name Trade Discount_Interest Paid
Under Indirect Expenses
Type of Ledger Not Applicable
Is GST Applicable Not Applicable

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Set / Alter GST Details No

Including in assessable value calculation for GST
Appropriate to Goods
Method of Calculations Based on Value
Save
Trade Discount_Interest Paid 5% -5,750
CGST 6% 6,555
SGST 6% 6,555
Grand Total 10 Nos 1,22,360
New Ref. Bill No.RM0001 - Save

Sales No.02 – [F8]

Date 2.5.2023
Party’s A/C Name Alt + C
Name Priya Mobile
Under Sundry Debtors
Maintain Balance bill by bill Yes
Address No:21, 3rd Street, Purasaiwakkam, Chennai-74.
State Tamilnadu
GST No. 33ASDHM5544T77S
Save
Sales Ledger Cash Sales
Enter
Name of Item Quantity Rate/per Amount
Redmi Note 6 Pro 10 10,000/Nos 1,00,000
Discount 3000
1,15,000
Alt + C
Name Cash Discount_Interest Paid
Under Indirect Expenses
Type of Ledger Not Applicable
Is GST Applicable Not Applicable
Set / Alter GST Details No
Including in assessable value
GST
calculation for
Appropriate to Goods
Method of Calculations Based on Value
Save
Cash Discount_Interest Paid -3,000
CGST 6% 5,820
SGST 6% 5,820
Grand Total 10 Nos 1,08,640
New Ref. Bill No.PM0001 - Save
 Back to Gateway of Tally - Profit & Loss A/C - Detailed View – Alt + F1
Output: Gross Profit = 35,000 Net Profit = 40,750

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60. How to create and use Multi Currency in Tally Prime?

 Multicurrency used to imports and exports

Stock Item Creation

GST Type of
Name Under Unit Qty Rate Amount
Application Supply
Air Cooler Electronics
Nos Applicable Goods 10Nos 5,000 50,000
6.5 ltr Items

Currency Creation:
 Gateway of Tally
 Create
 Currency
 Symbol :$
 Formal Name : US Dollar
 ISO Currency Code : USD
 Number of decimal places :2
 Show amount in millions : No
 Suffix symbol to amount : No
 Add space between amount and symbol : Yes
 Word representing amount after decimal : Cent
 No. of decimal places for amount in words :2
 Save
 Back to List of Master
 Rates of exchange

Selling Rate Buying Rage

S.No Currency Std Rate
Specified Rate Specified Rate
1 $(US DOLLAR) 80.32/$ 81/$ 80.32/$

Sales Transaction:
Apr 1 - Goods sold to Air Cool Tech LLC (New York) United State
(Sales Ledger: Export Sales, Nature of Transaction – Export Taxable)
for the followings
 Air Cooler 1.5 Ton 05Nos @ $93.00(USD) - Rs.7533
(Calculate IGST @ 18% )
Output:
 Net Profit = 12,665

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61. How to enter Export Sales Taxable entries in Tally Prime?

 Country to Country
o Export
 Export Taxable
 Export LUT/Bond
(LUT – Letterhead of the Under Taken)
Export Sales Taxable
Currency Creation:
 Gateway of Tally
 Create
 Currency
 Symbol :$
 Formal Name : US Dollar
 ISO Currency Code : USD
 Number of decimal places :2
 Show amount in millions : No
 Suffix symbol to amount : No
 Add space between amount and symbol : Yes
 Word representing amount after decimal : Cent
 No. of decimal places for amount in words : 2
 Save
 Back to List of Master
 Rates of exchange
Selling Rate Buying Rage
S.No Currency Std Rate
Specified Rate Specified Rate
1 $(US DOLLAR) 77.56/$ 78/$ 77.56/$

Ledger Creation:
1. Name: Air Cool Tech Under: Sundry Debtors Maintain Bill by Bill: Yes
Address: 4th International City, Dubai Emirate: Dubai Country: UAE
More Details: Ctrl + I Currency of Ledger: $ - Save
2. Name: Export Sales Taxable Under: Sales A/C Set/Alter GST Details: Yes
Nature of Transaction: Export Taxable GST: 18% - Save

Stock Item Creation:

Stock Item Creation
GST Type of
Name Under Unit Qty Rate Amount
Application Supply
Air Cooler Electronics 300
Nos Applicable Goods 7000
36Litre Items Nos

Sales Transaction:
 Configure – F12
 Provide Buyer Details: Yes
 Provide dispatch orders and export details: Yes
 Provide order details: Yes

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 Provide export details: Yes

 Provide mark or container No.: Yes
 Provide number of packages: Yes
 Modify Tax Rate details of GST: Yes
 Save
Party’s A/C Name: Air Cool Tech
 Delivery Note(No.): PSE12456
 Date: 1.4.2023
 Dispatch Doc. No.: AM78257
 Dispatched Through: Sea
 Designation: UAE
 Carrier Name/Agent: Bright Forward
 Bill of Lading/LR-RP No.: FFC00078X1
 Date: 1.4.2023
 Order No.: 7356N
 Date: 1.4.2023
 Mode/Term of Payment: Cash
 Other Reference: Mr. Tony
 Term of Delivery: Payment against Delivery
 Place of Receipt: Dubai
 Vessel/Flight No.: IM01006324
 Port of Loading: Jabel Ali
 Country to: UAE
 Shipping Bill No.: FFC00078X1
 Date: 1.5.2023
 Port Code: INMAA1(SEA GARGO)
 ENTER
Sales Ledger: Export Taxable
 Classification/Nature: Export Taxable
Name of Item Quantity Rate Amount
Air Cooler 36
200Nos $103.14[`8000]
Litre
 Marks: AMO
 No. of Package: 18
 Calculate IGST
 Print
Journal Transaction:
 By: Alt + C
o Name: Tax on Export
o Under: Current Assets - Enter IGST Amount
 To: Air Cool Tech
 Save
Output:
 Check Air Cool Tech Ledger(IGST Amount)
 Net Profit = 2,53,300

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Answer:
 Export
 Export Taxable
 Export LUT/Bond
(LUT – Letterhead of the under taken)

 Back to Gateway of Tally

 Create
 Currency
 Create New
 Symbol - $
 Formal name - Dollar
 Number of decimal places - USD
 Show amount in million - 2
 Suffix symbol to amount - NO
 Add space between amount and symbol - NO
 Word representing amount after decimal - CENT
 No. of decimal places of amount in word - 2

 Back to list of masters

 Rates of Exchanges

Selling Rate Buying Rate

Currency Std.Rate
Specified Rate Specified Rate
Dollar Rs. 80.32/$ Rs. 81/$ Rs. 80.32/$
Save

 Back to gateway of tally

 Create
 Stock group

Should quantities of items be

Name Under
added
Electronic items Primary Yes
Save

 Back to list of masters

 Unit
Type Symbol Formal Name UQC Decimal Places
Simple NOS Numbers NOS- Numbers 0

 Back to list of masters

 Stock items
Stock Item Creation
Name Air cooler 1.5 ton
Under Electronic Items
Unit NOS

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GST Applicable Applicable

Set/Alter Yes
Description Electronic Items
HSN/SAC 84186920
Calculation Type On value
Taxability Taxable
Integrated Tax 18%
Central Tax 9%
State Tax 9%
Cess 0%
Enter
Type of Supply Goods
Save

 Back to gateway of tally

 Vouchers

Purchase No.01 - [F9]

Date 1.11.22
Supplier invoice no VE001
Party’s A/C name Alt+C
Name Vision Electronics
Under Sundry Creditors
Maintain Balance Bill By Bill Yes
GST No 33ASDFG1234F66Y
Save
Purchase Ledger Alt+C
Name Cash Purchase
Under Purchase A/C
Type of Supply Goods
Save
Name of Items Qty Rate Amount
Air cooler 1.5 Ton 100 5,000 5,00,000
Alt+C CGST 9% 45,000
Alt+C SGST 9% 45,000
Grand Total 100 5,90,000
New. Ref Bill No. VE001 - Save

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Sales No.1 – [F8]

Configure F12
Provide Buyer Details Yes
Provide dispatch orders and export details Yes
Provide order details Yes
Provide export details Yes
Provide mark or container no Yes
Provide number of Packages Yes
Modify tax rate details of GST Yes
Save
Date 2.11.22
Party’s A/C name Alt + C
Name Air cooler Tech
Under Sundry Debtors
Maintain balance bill by bill Yes
Name Air Cool Tech
Address 4th International City
Country UAE
Emirate Dubai
More details Ctrl + I
Currency of Ledger Dollar $
Save
Delivery note.no (S) PSE12456
Date 2.11.22
Dispatch Doc.no AM78257
Dispatch through Sea
Destination UAE
Carrier name / Agent Bright Forward
Bill of lading / LR-RR no FFC00078X1 Date - 2.11.22
Order no 7356N Date - 2.11.22
Mode / Terms of payment Dollar
Other References Mr.Tony
Term of Delivery Payments against Delivery
Place of Receipt by Shipper DUBAI
Vessel/ Flight no IM01006324
Port of Loading Jabel Ali
Country to UAE
Shipping bill No FFC00078X1
Date 2.11.22
Port Code INMAA1 (SEA GARGO)
Save
Sales ledger Alt + C
Name Export Sales
Under Sales A/C
GST Applicable Applicable
Set/Alter Yes
Nature of Transaction Exports taxable
Taxability Taxable
Integrated Tax 18%
Central Tax 9%

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State Tax 9%
Cess 0%
Enter
Type of Supply Goods
Save
Name of Items Qty Rate Amount
Air Cooler 1.5 Ton 100 Nos $93.00 $9,300
Rate in Rate of
Rage in Rs.
Forex Exchange
$93.00 Rs.81/$ 7,533
Alt + C – IGST 18% $1,674
Grand Total 100 Nos $10,974@ Rs.81/$ = Rs.8,88,894

 Back to Gateway of Tally

 Profit/Loss A/C
 Detailed View [Alt + F1]

Output:
 Net Profit = 2,53,300

62. How to set Company Logo in Sales Vouchers and Reports?

 To open Sales Voucher
 Print – Alt + P
 Print Configuration
 Show More Reports
 Include Company Logo – Yes
 Company Logo Size [Width= 96 pixel Height = 80 Pixel]
 Logo file extension [.jpeg or bmp]
 Copy Company Logo file path
 Specify Path – Paste the Company Logo Path
 Save – Ctrl + A
 Print Preview
 Display Company Logo in Top of Sheet

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63. How to sales on goods by Point of Sales (POS) method in tally prime?
 Easy to print
 Useful for Retail Shops
 Very useful for GST Filing

Apr 1 - Goods purchase from RAM Mobiles for the followings

 Redmi Note 10 Pro 10Nos @ 10000 each
To create Point of Sale (POS):
 Back to Gateway of Tally
 Create
 Voucher Type
 Name : POS
 Select type of voucher : Sales
 Print voucher after saving : Yes
 Use for POS invoicing : Yes
 Message1: Thank You Visit Again
 Message2: Website Address
 Default Title of Print : Tax Invoice
 Set/Alter declaration – Yes
 No exchange…….. No Return………..
 Name of Class : POS
 Gift Voucher : Yes[Name: Gift Voucher Under: Sundry Debtors]
 Credit/Debit Card Payment : Yes[Name: CUB Under: Bank A/C]
 Cheque/DD : Yes[City Union Bank]
 Cash : Yes[Cash]
 Ledger Name : Sales Yes 100% No
Ledger Name Type of Calculation
CGST GST Yes
SGST GST Yes
 Save

Apr 2 - Goods sold to Cash Customer for the followings

 Redmi Note 10 Pro 1Nos @ 12000
 Enter Entries after Print

Output:
 Net Profit = 2,650

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VCC VISUAL COMPUTER CENTRE 9940553503

Answer:
 Create Company
 Company Name : Visual Enterprises
 State : Tamilnadu
 Financial Year : 1.4.2023
 Enable GST : Yes
 Save : Ctrl + A
 Back to Gateway of Tally
 Create
 Stock Group
Stock Group Creation
Name Under Should quantities of item be added
Textiles Primary Yes
Save

 Back to list of Masters

 Unit

Unit Creation
Type Symbol Formal Name UQC Decimal Value
Simple Nos Numbers Nos – Numbers 0
Save

 Back to list of Masters

 Stock item

Stock Item Creation

Name Shirt Chudithar
Under Textiles Textiles
Unit Nos Nos
GST Applicable Applicable Applicable
Set/Alter GST Details Yes Yes
Description Textile Textile
HSN/SAC 6205 62041200
Calculation Type On value On value
Taxability Taxable Taxable
Integrated Tax 5% 5%
Central Tax 2.50% 2.50%
State Tax 2.50% 2.50%
Cess 0 0
Type of Supply Goods Goods
Save Save
 Back to Gateway of Tally
 Vouchers

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VCC VISUAL COMPUTER CENTRE 9940553503

Purchase No.01 – [F9]

Date 1.5.2023
Supplier Invoice No. MG001
Party’s A/C Name Alt + C
Name Mathew Garments
Under Sundry Creditors
Maintain Balance bill by bill Yes
Address No:10, 1st Street, Tiruppur, Pincode: 638752
State Tamilnadu
GST No. 33ASDHM5544T66G
Save
Purchase Ledger Alt + C
Name Cash Purchase
Under Purchase A/C
Type of Supply Goods
Save
Name of Item Quantity Rate/per Amount
Shirt 500 450 2,25,000
Chudithar 300 600 1,80,000
4,05,000
Alt + C – CGST 2.50% 10,125
Alt + C – SGST 2.50% 10,125
Grand Total 800 Nos 4,25,250
New Ref. Bill No.MG0001 - Save

 Back to Gateway of Tally

 Create
 Voucher Type
 Name : POS
 Select type of voucher : Sales
 Method of voucher numbering : Automatic
 Print voucher after saving : Yes
 Use for POS invoicing : Yes
 Message to Print(1) : Thank you for shopping
 Message to Print(2) : Toll Free Number: 9940553503
 Default title to print : Tax Invoice
 Set/Alter declaration : Yes
 Declaration : Important: Kindly keep a photo/photo copy of the bill
for future use.
 Name of class : POS
 Enter

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VCC VISUAL COMPUTER CENTRE 9940553503

Default Ledger Accounts for POS Invoice:

Enable Ledger Name
Gift Voucher Alt + C
Name: Gift Voucher
Yes
Under: Sundry Debtors
Save
Credit/Debit card payment Alt + C
Name: ICICI Bank
Yes
Under: Bank A/C
Save
Cheque/DD Yes ICICI Bank
Cash Yes Cash

Default Accounting Allocations for all Items in Invoice(except for the items specified below)
Override using item
Ledger Name Set/Alter Tax Class? Percentage %
default?
Alt + C
Name: Sales Yes
100% No
Under: Sales A/C GST: Sales Taxable
Save

Additional Accounting Entries(e.g. Taxes/Other Charges) to be added in invoice

Ledger Name Type of Calculations Remove if Zero
CGST Yes
GST
Percentage : 2.50%
SGST Yes
GST
Percentage : 2.50%
Enter - Save

 Back to Gateway of Tally

 Vouchers

Sales No.01 – [F8]

Name POS
Class POS
Date 2.5.2023
Party’s A/C Name Alt + C
Name Dress World
Under Sundry Debtors
Maintain Balance bill by bill Yes
Address No:21, 3rd Street, Purasaiwakkam, Chennai-74.
State Tamilnadu
GST No. 33ASDHM5544T77S
Save

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VCC VISUAL COMPUTER CENTRE 9940553503

Name of Item Quantity Rate/per Amount

Shirt 5 750 3,750
Chudithar 3 900 2,700
6,450
CGST 2.50% 161
SGST 2.50% 161
Grand Total 08 Nos 6,772
Gift Voucher Gift Voucher
Credit/Debit
ICICI Bank
card
Cheque ICICI Bank
Cash: Tendered:
Cash Cash 6,772.00 Balance: 28.00
6,800
Print

 Back to Gateway of Tally

 Profit & Loss A/C
 Detailed View – Alt + F1

Output:

 Net Profit = 2,400

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VCC VISUAL COMPUTER CENTRE 9940553503

64. How to create stock item code in Tally Prime?

Stock Item Creation

Name Alias Units HSN Code GST %
Dell i7 8GB RAM 1TB
D850i7 Nos 68132010 18%
HDD
HP i3 4GB RAM 500GB
HP720i3 Nos 68132010 18%
HDD
Lenovo i5 8GB RAM
L520i5 Nos 27101971 18%
1TB HDD

Transaction during the period:

Apr 1 - Goods purchase from Tech Solution for the followings
 Stock Item Code – D850i7 1Nos @ 50000
 Stock Item Code – HP720i3 1Nos @ 30000
 Stock Item Code – L520i5 1 Nos @ 38000
(Calculate IGST Amount)

How to Check Stock Summary:

 Back to Gateway of Tally
 Stock Summary
 Laptop
 Print Stock Code Only
 Configure – F2
 Display name for stock item – Alias Only
 Save

Apr 2 - Goods sold to Lap Care Enterprises for the followings

 Dell i7 8GB RAM 1TB HDD 1Nos @ 55000
 HP i3 4GB RAM 1TB HDD 1Nos @ 33000
 Lenovo i5 8GB RAM 1TB HDD @ 42000
(Calculate CGST & SGST Amount)

How to Print Stock Name:

 Print – Ctrl + P
 Configure
 Display name for stock item
 Name(Alias) – Save – Print Preview.

Output:
Net Profit – 12,000

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VCC VISUAL COMPUTER CENTRE 9940553503

Answer:
 Create Company
 Company Name : Visual Enterprises
 State : Tamilnadu
 Financial Year : 1.4.2023
 Enable GST : Yes
 Save : Ctrl + A

 Back to Gateway of Tally

 Create
 Stock Group
Stock Group Creation
Name Under Should quantities of item be added
Electronic Items Primary Yes
Save
 Back to list of Masters - Unit
Unit Creation
Type Symbol Formal Name UQC Decimal Value
Simple Nos Numbers Nos – Numbers 0
Save
 Back to list of Masters
 Stock item

Stock Item Creation

Dell i7 8GB RAM HPi3 4GB RAM Lenovo i5 8GB RAM
Name
1TB HDD 500GB HDD 1TB HDD
Alias D850i7 HP720i3 L520i5
Under Electronic Items Electronic Items Electronic Items
Unit Nos Nos Nos
GST Applicable Application Application Application
Set/Alter GST
Yes Yes Yes
Details
Description Laptop Laptop Laptop
HSN/SAC 68132010 68132010 27101971
Calculation Type On value On value On value
Taxability Taxable Taxable Taxable
Integrated Tax 18% 18% 18%
Central Tax 9% 9% 9%
State Tax 9% 9% 9%
Cess 0 0 0
Type of Supply Goods Goods Goods
Save Save Save

 Back to Gateway of Tally

 Vouchers

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VCC VISUAL COMPUTER CENTRE 9940553503

Purchase No.01 – [F9]

Date 1.5.2023
Supplier Invoice No. RD001
Party’s A/C Name Alt + C
Name Reliance Digital Industries
Under Sundry Creditors
Maintain Balance bill by bill Yes
Address No:10, 1st Street, New Delhi
State Delhi
GST No. 07ASDHM5544T66G
Save
Purchase Ledger Alt + C
Name Cash Purchase
Under Purchase A/C
Type of Supply Goods
Save
Name of Item Quantity Rate/per Amount
D850i7 10 50,000 5,00,000
HP720i3 10 30,000 3,00,000
L520i5 10 38,000 3,80,000
11,80,000
Alt + C – IGST 18% 2,12,400
Grand Total 30 Nos 13,92,400
New Ref. Bill No.RD001 - Save

 Back to Gateway of Tally

 Stock Summary
 Electronic Items
 Configuration – F12
 Display Name for Stock Items - Alias Only
 Save – Ctrl + A
 Back to Gateway of Tally
 Vouchers

Sales No.01 – [F8]

Date 2.5.2023
Party’s A/C Name Alt + C
Name Cash Customer
Under Sundry Debtors
Maintain Balance bill by bill Yes
Address No:21, 3rd Street, Purasaiwakkam, Chennai-74.
State Tamilnadu
GST No. 33ASDHM5544T77S
Save

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VCC VISUAL COMPUTER CENTRE 9940553503

Name of Item Quantity Rate/per Amount

Dell i7 8GB RAM 1TB HDD 1 55,000 55,000
HP i3 4GB RAM 500GB HDD 1 33,000 33,000
Lenovo i5 8GB RAM 1TB HDD 1 42,000 42,000
1,30,000
Alt+C - CGST 9% 11,700
Alt+S - SGST 9% 11,700
Grand Total 3 NOS 1,53,400
New. Ref. Bill no.001 - Save

 Press Page Up key

 Print (Ctrl +P)
 Configure - Display name of Stock Items – Name (Alias) - Save
 Print

Output:
Net Profit – 12,000

65. How to download and install TDL Files in Tally Prime?

 Create Company
 Help – F1
 TDL Files & Add On
 Manage Local TDL
 Load Select TDLs File – Yes
 File Name
 Specify Path
 Copy TDL File Path and Paste
 Load TDLs – Yes
 End of List
 Gateway of Tally
 Purchase No.01 – F9

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66. How to set Credit Limit, Credit Period, Credit Due, Bill Wise Receipt and Reminder
Letter Statement?
Transactions during the period:
Apr 1 - Goods purchase on credit from Praveen Trading Enterprises
for the followings
 Redmi Note 9S 10Nos @ 10000
May 1 - Goods sold to Aravind Enterprises and set the given followings
Set the Credit Period = 30 Days and Set Credit Limit = 50000
 Redmi Note 9S 2Nos @ 11138.75
(Calculate CGST & SGST Amount)
May 2 - Goods sold to Same Customer for the given followings
 Redmi Note 9S 5Nos @ 11138.75
(Calculate CGST & SGST Amount)
Note: To save voucher display error message
 Back to Gateway of Tally
 Display More Reports - Accounts Books
 Ledger - Aravind Enterprises
 Bill Wise
 Press F5 key
 Detailed View – Alt + F1
 To see Over Due Option
Apr 1 - Goods sold to same customer for the followings
 Redmi Note 9S 1Nos @ 11,138.75
(Calculate CGST & SGST Amount)
Note: Check Bill Wise Details
 Press F5 key
 Detailed View – Alt + F1
 Change Period – Alt + F2
 From : 1.4.2023 To: 2.5.2023
 Configure – F12
 Show Overdue Days from Bill Date : Yes
 Check Overdue Date
Print Reminder Letter:
 To open overdue voucher
 Print – Ctrl + P
 Configure
 Report Type: Reminder Letter
 Save - Print
Print Supplier Bill Wise Payment Preview and Advice:
May 2 - Paid amount Rs.5000 to Praveen Trading Enterprises by Check
 Print Payment Voucher
 Ctrl + P
 Configure – F12
 Print Payment Advice – Yes
 Include Bill Details – Yes
 Print

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VCC VISUAL COMPUTER CENTRE 9940553503

Answer:
 Create Company
 Company Name : Visual Enterprises
 State : Tamilnadu
 Financial Year : 1.4.2023
 Enable GST : Yes
 Save : Ctrl + A
 Back to Gateway of Tally
 Create - Stock Group
Stock Group Creation
Name Under Should quantities of item be added
Electronic Items Primary Yes
Save
 Back to list of Masters
 Unit
Unit Creation
Type Symbol Formal Name UQC Decimal Value
Simple Nos Numbers Nos – Numbers 0
Save
 Back to list of Masters
 Stock item
Stock Item Creation
Name Kent Ace 8 Liters Aquaguard Glory 6 Liters
Under Electronic Items Electronic Items
Unit Nos Nos
GST Applicable Application Application
Set/Alter GST Details Yes Yes
Description Water Purifier Water Purifier
HSN/SAC 8421 8421
Calculation Type On value On value
Taxability Taxable Taxable
Integrated Tax 18% 18%
Central Tax 9% 9%
State Tax 9% 9%
Cess 0 0
Type of Supply Goods Goods
Save Save
 Back to Gateway of Tally – Vouchers
Purchase No.01 – [F9]
Date 1.5.2023
Supplier Invoice No. WE001
Party’s A/C Name Alt + C
Name Welcome Electronics
Under Sundry Creditors

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VCC VISUAL COMPUTER CENTRE 9940553503

Maintain Balance bill by bill Yes

Address No:10, 1st Street, Gandhi Nagar, Gujarat
State Gujarat
GST No. 24ASDHM5544T66G
Save
Purchase Ledger Alt + C
Name Cash Purchase
Under Purchase A/C
Type of Supply Goods
Save
Name of Item Quantity Rate/per Amount
Kent Ace 8 Liters 10 13,000 1.30,000
Aquaguard Glory 6 Liters 10 11,000 1,10,000
2,40,000
Alt + C – IGST 18% 43,200
Grand Total 20 Nos 2,83,200
New Ref. Bill No.WE001 - Save

Sales No.01 – [F8]

Date 2.5.2023
Party’s A/C Name Alt + C
Configure F12
Provide Credit Limit Yes - Save
Name Sathya Electronics
Under Sundry Debtors
Maintain Balance bill by bill Yes
Default credit period 30 Days
Check for credit days during
No
voucher entry
Specify credit limit 2,00,000
Override credit limit used to
No
postdated transactions
Address No:21, 3rd Street, Purasaiwakkam, Chennai-74.
State Tamilnadu
GST No. 33ASDHM5544T77S
Save
Sale Ledger Alt + C
Name Cash Sales
Under Sales A/C
Type of Supply Goods
Save
Name of Item Quantity Rate/per Amount
Kent Ace 8 Liters 05 14,999 74,995
Aquaguard Glory 6 Liters 05 13,499 67,495
1,42,490

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VCC VISUAL COMPUTER CENTRE 9940553503

Alt+C - CGST 9% 12,824

Alt+C - SGST 9% 12,824
Grand Total 10 NOS 1,68,138
New. Ref. Bill No.SE001 Days=30 - Save

 Goods sold to Same Customer

Sales No.02 – [F8]
Date 02.05.2023
Party’s A/C Name Sathya Electronics
Sales Ledger Cash Sales
Enter
Name of Items Qty Rate Amount
Kent Ace 8 Liters 03 14,999 44,997
Aquaguard Glory 6 Liters 02 13,499 26,998
71,995
CGST 9% 6,480
SGST 9% 6,480
Grand Total 05 NOS 84,955
New. Ref. Bill No.SE002 Days=30 - Save
 Show given Error Message for credit limit

Check credit period:

 Back to Gateway of Tally
 Display More Reports
 Accounts Book
 Ledger
 Select “Sathya Electronic” Ledger
 Enter
 Bill Wise – F5
 Check due on Date
Sales No.02 – [F8]
Date 01.04.2023
Party’s A/C Name Sathya Electronics
Sales Ledger Cash Sales
Enter
Name of Items Qty Rate Amount
Kent Ace 8 Liters 01 14,999 14,999
14,999
CGST 9% 1,350
SGST 9% 1,350
Grand Total 01 NOS 17,699
New. Ref. Bill No.SE003 Days=30 - Save

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VCC VISUAL COMPUTER CENTRE 9940553503

Check due days:

 Back to Gateway of Tally
 Display More Reports
 Accounts Book
 Ledger
 Select “Sathya Electronic” Ledger
 Enter
 Bill Wise – F5
 Configure – F12
 Show overdue days from bill date – Yes
 Enter
 To show over due by days = 1

Print Reminder Letter:

 To select overdue voucher
 Print – Ctrl +P
 Configure
 Report Type – Reminder Letter
Display Company Name
From 0 To 30
From 30 To 60
From 60 To 90
From 90 To 0
Save – Ctrl + A
 Preview

Print supplier bill wise payment, preview and advice details:

 Back to Gateway of Tally
 Voucher
Payment No.01 – F5
Date Particulars Dr Cr
Dr. Welcome Electronics 2,83,200
Cr. Alt + C
02.05.2023
Name: ICICI Bank 2,83,200
Under: Bank Account
Save
 Press Page Up key
 Print – Ctrl + P
 Configure
 Print payment mode on the top of voucher – Yes
 Print payment advice – Yes
 Show bill wise details – Yes
 Show due Dates for Bills – Yes
 Save – Ctrl + A
 Preview

156
VCC VISUAL COMPUTER CENTRE 9940553503

67. How to enter Automobile Car Sales Service Entries in Tally Prime?
Stock Item Creation
Name Under Units HSN Code GST %
Break Pad Rear Car Spare Parts Nos 68132010 18%
Break Pad Front Car Spare Parts Nos 68132010 18%
Engine Oil Car Spare Parts Nos 27101971 18%
Transaction During the period:
Apr 1 - Goods purchase from Karthi Auto Spare Parts for the
followings
 Break Pad Rear 1Nos @ Rs.435 each
 Break Pad Front 1Nos @ Rs.435 each
 Engine Oil 5Ltr @ Rs.400 each [Calculate CGST and SGST amount]
Apr 2 - Goods sold and service to Cash Customer for the followings
 Break Pad Rear 1Nos @ Rs.500 each
 Break Pad Front 1Nos @ Rs.500 each
 Engine Oil 5Ltr @ Rs.550 each
 Configure – F12 - Additional Description for Ledger – Yes
 Car Engine Service – Direct Exp. HSN998719 @ 18% @ 1500
 Description
o Break Pad Change
o Engine Oil Change
o Water Wash [Calculate CGST and SGST amount]
[Spare Parts purchased and issued by customer. Only service rendered by Auto Mobile Company]
[Spare Parts Service Customer Service ]
Apr 2 - Service to Cash Customer for the followings
 Configure – F12 - To select common ledger name for item allocation – No
 Change Mode – Ctrl + H  Account Invoice
 Car Engine Service – Direction Exp. @ 1800
 Description
o Gear Oil Change
o Engine Oil Change
o Water Wash
Output:
Purchase Entry
Supplier Name Voucher Type Amount CGSG SGST Total Taxable Value
Karthi Auto Spare Purchase-1 3305 297 297 3899
Parts (3305+297+297)

Sales Entry
Cash Customer Sales-1 5750 518 518 6786
(4250+1500) (5750+518+518)
Cash Customer Sales-2 1800 162 162 2124
(1800+162+162)

 Gross Profit = 4245

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VCC VISUAL COMPUTER CENTRE 9940553503

Answer:

 Create Company
 Company Name : Visual Enterprises
 State : Tamilnadu
 Financial Year : 1.4.2023
 Enable GST : Yes
 Save : Ctrl + A
 Back to Gateway of Tally
 Create
 Stock Group

Stock Group Creation

Name Under Should quantities of item be added
Car Spare Parts Primary Yes
Save

 Back to list of Masters

 Unit

Unit Creation
Type Symbol Formal Name UQC Decimal Value
Simple Nos Numbers Nos – Numbers 0
Simple Ltr Liters Ltr-Liters 0
Save

 Back to list of Masters

 Stock item

Stock Item Creation

Name Rear Break Pad Front Break Pad Engine Oil
Under Car Spare Parts Car Spare Parts Car Spare Parts
Unit Nos Nos ltr
GST Applicable Application Application Application
Set/Alter GST
Yes Yes Yes
Details
Description Car Spare Parts Car Spare Parts Car Spare Parts
HSN/SAC 68132010 68132010 27101971
Calculation Type On value On value On value
Taxability Taxable Taxable Taxable
Integrated Tax 18% 18% 18%
Central Tax 9% 9% 9%
State Tax 9% 9% 9%
Cess 0 0 0
Type of Supply Goods Goods Goods
Save Save Save

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VCC VISUAL COMPUTER CENTRE 9940553503

 Back to Gateway of Tally

 Vouchers

Purchase No.01 – [F9]

Date 1.5.2023
Supplier Invoice No. KA001
Party’s A/C Name Alt + C
Name Karthi Auto Spare Parts
Under Sundry Creditors
Maintain Balance bill by bill Yes
Address No:10, 1st Street, Pattalam, Chennai
State Tamilnadu
GST No. 33ASDHM5544T66G
Save
Purchase Ledger Alt + C
Name Cash Purchase
Under Purchase A/C
Type of Supply Goods
Save
Name of Item Quantity Rate/per Amount
Rear Break Pad 01 435/Nos 435
Front Break Pad 02 435/Nos 870
Engine oil 05 400/Ltr 2,000
3,305
Alt + C – CGST 9% 297
Alt + C – SGST 9% 297
Grand Total 3,899
New Ref. Bill No.KA001 - Save

Sales No.01 – [F8]

Date 2.5.2023
Party’s A/C Name Alt + C
Name Cash Customer
Under Sundry Debtors
Maintain Balance bill by bill Yes
Address No.21, 3rd Street, Purasaiwakkam, Chennai-74.
State Tamilnadu
Save
Sales Ledger Alt + C
Name Cash Sales
Under Sales A/C
Type of Supply Goods
Save

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VCC VISUAL COMPUTER CENTRE 9940553503

Name of Item Quantity Rate/per Amount

Rear Break Pad 1 500/Nos 500
Front Break Pad 2 500/Nos 1,000
Engine oil 5 550/Ltr 2,750
4,250
Configure F12
Provide additional description for
Yes
Ledgers
Save – Ctrl + A
Alt + C
Name Car Engine Service
Under Indirect Income
Is GST Applicable Applicable
Set/Alter GST details Yes
Nature of Transaction Sales Taxable
Taxability Taxable
Integrated Tax 18%
Central Tax 9%
State Tax 9%
Cess 0%
Enter
Type of Supply Services
Save
Car Engine Service 1,500
Description(s) for Ledger
Break Pad Change
Oil Change
Water Wash
CGST 9% 518
SGST 9% 518
Grand Total 6,786
New. Ref. Bill No.001 - Save

Sales No.02
Date 31.5.2023
Change Mode Ctrl + H
Change Voucher Mode Accounting Invoice
Enter
Party’s A/C Name Cash Customer
Enter
Particulars Amount
Car Engine Service 1,800
Engine Oil Change
Gear Oil Change
Water Wash

160
VCC VISUAL COMPUTER CENTRE 9940553503

CGST 9% 162
SGST 9% 162
Grand Total 2,124
New. Ref. Bill No.002 - Save

 Back to Gateway of Tally

 Display more reports
 GST Reports
 GSTR – 1 for Sales
 GSTR - 2 for Purchase

Output:
Purchase Entry
Supplier Name Voucher Type Amount CGSG SGST Total Taxable Value
Karthi Auto Spare Purchase-1 3305 297 297 3899
Parts (3305+297+297)

Sales Entry
Cash Customer Sales-1 5750 518 518 6786
(4250+1500) (5750+518+518)
Cash Customer Sales-2 1800 162 162 2124
(1800+162+162)

Check Balance Sheet Gross Profit:

Sales-1 + Sales2 = 6786+2124=8910

Total Sales – Total Purchase = 8910-3899=5011
Purchase-1 GST 297 + 297 = 594
Sales-1 GST 518 + 518 = 1036
Sales-2 GST 162 + 162 = 324
Total Sales GST 1036 + 324 = 1360
Total Sales GST – Total Purchase GST = 1360 – 594 = 766
Gross Profit = 5011 – 766 = 4245

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VCC VISUAL COMPUTER CENTRE 9940553503

68. How to enter Car Loan Bank EMI entries in Tally Prime?
Tata Car Nexon
9,22,107
(Car + Insurance + RTO + Road Tax)
Down Payment 1,50,000
Balance Loan Amount 7,72,107
Period 12 Months
Monthly Installment Amount 67,164.38
Total Interest 33,865.56
Total Cost of Loan 8,05,972.50
Opening Balance in Company
 City Union Bank - 10,00,000
Transaction during the period:
Apr 1 - Purchase Tata Nixon Car on credit from Tata Motors was Rs.922107 [Bill No.TM01]
Apr 1 - Paid down payment to Tata Motors by Cheque was
Rs.1, 50,000 Agst Ref. Bill No.TM01 [Cheque No.100001]
Apr 1 - Balance loan amount Rs.7, 72,107 transfer from Tata
Motors to ICICI Bank Car Loan Agst Ref. Bill No.TM01
Apr 2 - Amount paid to ICICI Bank Car Loan from City Union
Bank was Rs.62, 017 by Cheque [Cheque No. 100002]
May 2 - Amount paid to ICICI Bank Car Loan from City Union
Bank was Rs.62, 430.44 by Cheque [Cheque No. 100003]
Jun 2 - Amount paid to ICICI Bank Car Loan from City Union
Bank was Rs.62, 846.64 by Cheque [Cheque No. 100004]
Jul 2 - Amount paid to ICICI Bank Car Loan from City Union
Bank was Rs.63, 285.62 by Cheque [Cheque No. 100005]
Aug 2 - Amount paid to ICICI Bank Car Loan from City Union
Bank was Rs.63, 687.39 by Cheque [Cheque No. 100006]
Sep 2 - Amount paid to ICICI Bank Car Loan from City Union
Bank was Rs.64, 111.96 by Cheque [Cheque No. 100007]
Oct 2 - Amount paid to ICICI Bank Car Loan from City Union
Bank was Rs.62, 539.39 by Cheque [Cheque No. 100008]
Nov 2 - Amount paid to ICICI Bank Car Loan from City Union
Bank was Rs.64, 969.65 by Cheque [Cheque No. 100009]
Dec 2 - Amount paid to ICICI Bank Car Loan from City Union
Bank was Rs.65, 402.78 by Cheque [Cheque No. 100010]
Jan 2 - Amount paid to ICICI Bank Car Loan from City Union
Bank was Rs.65, 838.80 by Cheque [Cheque No. 100011]
Feb 2 - Amount paid to ICICI Bank Car Loan from City Union
Bank was Rs.66, 277.73 by Cheque [Cheque No. 100012]
Mar 2 - Amount paid to ICICI Bank Car Loan from City Union
Bank was Rs.66, 719.58 by Cheque [Cheque No. 1000013]
Output:-
 Balance Sheet – Fixed Asset – Tata Nixon = 9, 22,107
 ICICI Bank Car Loan = 7, 22, 107
 Total Interest Paid Car Loan = 33, 865.56
 Total Loan amount and Interest =

162
VCC VISUAL COMPUTER CENTRE 9940553503

Answer:
 Create Company
 Company Name : Visual Enterprises
 State : Tamilnadu
 Financial Year : 1.4.2023
 Enable GST : No
 Save : Ctrl + A
 Back to Gateway of Tally
 Create
 Ledger
Ledger Creation
Name Under Opening Balance
City Union Bank Bank Account 10,00,000
Tata Nexon Fixed Assets
Tata Motor Sundry Creditors
ICICI Bank Car Loan Secured Loans(Loans Liability)
Interest Paid by Car Loan Indirect Expenses
Save

 Back to Gateway of Tally

 Vouchers

Journal No.01 – [F7]

Date Particulars Debit Credit
Dr. Tata Nexon 9,22,107
Cr. Tata Motors 9,22,107
1.4.2023
New Ref
Bill No.TM001
Save

Payment No.01 – [F5]

Date Particulars Debit Credit
Dr. Tata Motors 1,50,000
Agst Ref
1.4.2023
Bill No.TM001
Cr. City Union Bank 1,50,000
Save

Journal No.02 – [F7]

Date Particulars Debit Credit
Dr. Tata Motors 7,72,107
Agst Ref.
1.4.2023
Bill No.TM001
Cr. ICICI Bank Car Loan 7,72,107
Save

163
VCC VISUAL COMPUTER CENTRE 9940553503

Journal No.03 – [F7]

Date Particulars Debit Credit
Dr. ICICI Bank Car Loan 62,017
2.4.2023 Dr. Interest Paid by Car Loan 5,147.38
Cr. City Union Bank 67,164.38
Save

Payment No.02 – [F5]

Date Particulars Debit Credit
Dr. ICICI Bank Car Loan 67,164.38
2.4.2023
Cr. City Union Bank 67,164.38
Save

Journal No.04 – [F7]

Date Particulars Debit Credit
Dr. ICICI Bank Car Loan 62,430.44
2.5.2023 Dr. Interest Paid by Car Loan 4,733.94
Cr. City Union Bank 67,164.38
Save

Payment No.03 – [F5]

Date Particulars Debit Credit
Dr. ICICI Bank Car Loan 67,164.38
2.5.2023
Cr. City Union Bank 67,164.38
Save

Journal No.05 – [F7]

Date Particulars Debit Credit
Dr. ICICI Bank Car Loan 62,846.64
2.6.2023 Dr. Interest Paid by Car Loan 4,317.74
Cr. City Union Bank 67,164.38
Save

Payment No.04 – [F5]

Date Particulars Debit Credit
Dr. ICICI Bank Car Loan 67,164.38
2.6.2023
Cr. City Union Bank 67,164.38
Save

Journal No.06 – [F7]

Date Particulars Debit Credit
Dr. ICICI Bank Car Loan 63,265.62
2.7.2023 Dr. Interest Paid by Car Loan 3,898.76
Cr. City Union Bank 67,164.38
Save

164
VCC VISUAL COMPUTER CENTRE 9940553503

Payment No.05 – [F5]

Date Particulars Debit Credit
Dr. ICICI Bank Car Loan 67,164.38
2.7.2023
Cr. City Union Bank 67,164.38
Save

Journal No.07 – [F7]

Date Particulars Debit Credit
Dr. ICICI Bank Car Loan 63,687.39
2.8.2023 Dr. Interest Paid by Car Loan 3,476.99
Cr. City Union Bank 67,164.38
Save

Payment No.06 – [F5]

Date Particulars Debit Credit
Dr. ICICI Bank Car Loan 67,164.38
2.8.2023
Cr. City Union Bank 67,164.38
Save

Journal No.08 – [F7]

Date Particulars Debit Credit
Dr. ICICI Bank Car Loan 64,111.98
2.9.2023 Dr. Interest Paid by Car Loan 3,052.40
Cr. City Union Bank 67,164.38
Save

Payment No.07 – [F5]

Date Particulars Debit Credit
Dr. ICICI Bank Car Loan 67,164.38
2.9.2023
Cr. City Union Bank 67,164.38
Save

Journal No.09 – [F7]

Date Particulars Debit Credit
Dr. ICICI Bank Car Loan 64,539.39
2.10.2023 Dr. Interest Paid by Car Loan 2,624.99
Cr. City Union Bank 67,164.38
Save

Payment No.08 – [F5]

Date Particulars Debit Credit
Dr. ICICI Bank Car Loan 67,164.38
2.10.2023
Cr. City Union Bank 67,164.38
Save

165
VCC VISUAL COMPUTER CENTRE 9940553503

Journal No.10 – [F7]

Date Particulars Debit Credit
Dr. ICICI Bank Car Loan 64,969.65
2.11.2023 Dr. Interest Paid by Car Loan 2,194.73
Cr. City Union Bank 67,164.38
Save

Payment No.09 – [F5]

Date Particulars Debit Credit
Dr. ICICI Bank Car Loan 67,164.38
2.11.2023
Cr. City Union Bank 67,164.38
Save

Journal No.11– [F7]

Date Particulars Debit Credit
Dr. ICICI Bank Car Loan 65,402.78
2.12.2023 Dr. Interest Paid by Car Loan 1,761.60
Cr. City Union Bank 67,164.38
Save

Payment No.10 – [F5]

Date Particulars Debit Credit
Dr. ICICI Bank Car Loan 67,164.38
2.12.2023
Cr. City Union Bank 67,164.38
Save

Journal No.12 – [F7]

Date Particulars Debit Credit
Dr. ICICI Bank Car Loan 65,838.80
2.1.2024 Dr. Interest Paid by Car Loan 1,325.58
Cr. City Union Bank 67,164.38
Save

Payment No.11 – [F5]

Date Particulars Debit Credit
Dr. ICICI Bank Car Loan 67,164.38
2.1.2024
Cr. City Union Bank 67,164.38
Save

Journal No.13 – [F7]

Date Particulars Debit Credit
Dr. ICICI Bank Car Loan 66,277.73
2.2.2024 Dr. Interest Paid by Car Loan 886.65
Cr. City Union Bank 67,164.38
Save

166
VCC VISUAL COMPUTER CENTRE 9940553503

Payment No.12 – [F5]

Date Particulars Debit Credit
Dr. ICICI Bank Car Loan 67,164.38
2.2.2024
Cr. City Union Bank 67,164.38
Save

Journal No.14 – [F7]

Date Particulars Debit Credit
Dr. ICICI Bank Car Loan 66,719.58
2.3.2024 Dr. Interest Paid by Car Loan 444.80
Cr. City Union Bank 67,164.38
Save

Payment No.13 – [F5]

Date Particulars Debit Credit
Dr. ICICI Bank Car Loan 67,164.38
2.3.2024
Cr. City Union Bank 67,164.38
Save

To check Tata Motor Ledger Amount:

 Back to Gateway of Tally
 Balance Sheet
 Detailed View - Alt + F1
 Fixed Asset :
 Tata Nexon = 9,22,107

To check ICICI Bank Car Loan Ledger Amount:

 Back to Gateway of Tally
 Display more reports
 Account Books
 Ledger – ICICI Bank Car Loan
 Change Period - Alt + F2
o From : 1.4.2023
o To : 31.3.2024
 ICICI Bank Car Loan = 7, 72, 107
 ICICI Bank Car Loan Closing Balance = 8,05,972.56

To check Interest Paid by Car Loan Amount

 Back to list of ledger
 Change Period – Alt + F2
o From : 1.4.2023
o To : 31.3.2024
 Interest Paid by Car Loan = 33,865.56

167
VCC VISUAL COMPUTER CENTRE 9940553503

69. How to enter Personal Bank Loan EMI entries in Tally Prime?

Loan Amount 5,00,000

Annual Interest Rate 12%
Loan Period 12 Months
Start Date of Loan 1.4.2021
Monthly Payment Amount 44,424.39
Total Interest 33,092.73
Total Cost of Loan 5,33,092.73

Opening Balance in Company

 City Union Bank - 50,000

Ledger Creation:-
HDFC Bank Loan - Secured Loan
Loan Processing Fee - Indirect Expenses
Interest Paid - Indirect Expenses
HDFC Loan Payable - Current Liabilities

Transaction during the period:

Apr 1 - Loan received from HDFC bank loan was Rs.5, 00,000
Apr 1 - Paid loan processing fee was Rs.5, 000 and paid
GST @ 18%[Single Entry Mode]
Apr 2 - HDFC Bank loan + Interest paid to HDFC Bank loan
payable A/C [39, 424.39+5, 000=44424.39]
Apr 2 - Amount paid to HDFC Loan Payable A/C was
Rs.44424.39 by Cheque [Cheque No.100001]
May 2 - HDFC Bank loan + Interest paid to HDFC Bank loan
payable A/c [39818.64+4605.75=44424.39]
May 2 - Amount paid to HDFC Loan Payable A/C was Rs.44424.39
by Cheque [Cheque No.100002]
Jun 2 - HDFC Bank loan + Interest paid to HDFC Bank loan
payable A/c [40216.82+4207.57=44424.39]
Jun 2 - Amount paid to HDFC Loan Payable A/C was Rs.44424.39
by Cheque [Cheque No.100003]
Jul 2 - HDFC Bank loan + Interest paid to HDFC Bank loan
payable A/c [40618.99+3805.40=44424.39]
Jul 2 - Amount paid to HDFC Loan Payable A/C was Rs.44424.39
by Cheque [Cheque No.100004]
Aug 2 - HDFC Bank loan + Interest paid to HDFC Bank loan
payable A/c [41025.18+3399.21=44424.39]
Aug 2 - Amount paid to HDFC Loan Payable A/C was Rs.44424.39
by Cheque [Cheque No.100005]
Sep 2 - HDFC Bank loan + Interest paid to HDFC Bank loan
payable A/c [41435.43+2988.96=44424.39]

168
VCC VISUAL COMPUTER CENTRE 9940553503

Sep 2 - Amount paid to HDFC Loan Payable A/C was Rs.44424.39

by Cheque [Cheque No.100006]
Oct 2 - HDFC Bank loan + Interest paid to HDFC Bank loan
payable A/c [41849.79+2574.60=44424.39]
Oct 2 - Amount paid to HDFC Loan Payable A/C was Rs.44424.39
by Cheque [Cheque No.100007]
Nov 2 - HDFC Bank loan + Interest paid to HDFC Bank loan
payable A/c [42268.29+2156.10=44424.39]
Nov 2 - Amount paid to HDFC Loan Payable A/C was Rs.44424.39
by Cheque [Cheque No.100008]
Dec 2 - HDFC Bank loan + Interest paid to HDFC Bank loan
payable A/c [42690.97+1733.42=44424.39]
Dec 2 - Amount paid to HDFC Loan Payable A/C was Rs.44424.39
by Cheque [Cheque No.100009]
Jan 2 - HDFC Bank loan + Interest paid to HDFC Bank loan
payable A/c [43117.88+1306.51=44424.39]
Jan 2 - Amount paid to HDFC Loan Payable A/C was Rs.44424.39
by Cheque [Cheque No.100010]
Feb 2 - HDFC Bank loan + Interest paid to HDFC Bank loan
payable A/c [43549.06+875.33=44424.39]
Feb 2 - Amount paid to HDFC Loan Payable A/C was Rs.44424.39
by Cheque [Cheque No.100011]
Mar 2 - HDFC Bank loan + Interest paid to HDFC Bank loan
payable A/c [43984.56+439.83=44424.39]
Mar 2 - Amount paid to HDFC Loan Payable A/C was Rs.44424.39 by
Cheque [Cheque No.100012]

Output:

To check HDFC Bank Loan Ledger Amount:

 HDFC Bank Loan = 5,00,000

To check Interest Paid Amount:

 Interest Paid = 33,092.68

To check Interest Paid Amount:

 HDFC Bank Loan Payable A/C = 5,33,092.68

169
VCC VISUAL COMPUTER CENTRE 9940553503

Answer:
 Create Company
 Company Name : Visual Enterprises
 State : Tamilnadu
 Financial Year : 1.4.2023
 Enable GST : Yes
 GSTIN/UIN : 33ASDFG1234D5RE
 Save : Ctrl + A
 Back to Gateway of Tally
 Create - Ledger
Ledger Creation
Name Under Opening Balance
City Union Bank Bank Account 50,000
HDFC Bank Loan Secured Loans(Loans Liability)
HDFC Loan Payable A/C Current Liabilities
Interest Paid Indirect Expenses
Save

Loan Processing Fees Ledger Creation

Name Loan Processing Fees
Under Indirect Expenses
Type of Ledger Not Applicable
Is GST Applicable Not Applicable
Set/Alter GST details No
Including in assessable value calculation for GST
Appropriate to Goods
Method of Calculation Based on value
Save
 Back to Gateway of Tally
 Vouchers
Receipt No.01 – [F6]
Date Particulars Debit Credit
Cr. HDFC Bank Loan 5,00,000
1.4.2023
Dr. City Union Bank 5,00,000
Save

Payment No.01 – [F5]

Change Mode – Ctrl + H  Single Entry
Account City Union Bank
Date Particulars Amount
Loan Processing Fees 5,000
1.4.2023 Alt + C – CGST 450
Alt + C – SGST 450
Grand Total 5,900
Save

170
VCC VISUAL COMPUTER CENTRE 9940553503

Journal No.01 – [F7]

Date Particulars Debit Credit
Dr. HDFC Bank Loan 39,424.39
2.4.2023 Dr. Interest Paid 5,000
Cr. HDFC Loan Payable 44,424.39
Save

Payment No.02 – [F5]

Account City Union Bank
Date Particulars Amount
2.4.2023 HDFC Loan Payable 44,424.39
Save

Journal No.02 – [F7]

Date Particulars Debit Credit
Dr. HDFC Bank Loan 39,818.64
2.5.2023 Dr. Interest Paid 4,605.75
Cr. HDFC Loan Payable 44,424.39
Save

Payment No.03 – [F5]

Account City Union Bank
Date Particulars Amount
2.5.2023 HDFC Loan Payable 44,424.39
Save

Journal No.03 – [F7]

Date Particulars Debit Credit
Dr. HDFC Bank Loan 40,216.82
2.6.2023 Dr. Interest Paid 4,207.57
Cr. HDFC Loan Payable 44,424.39
Save

Payment No.04 – [F5]

Account City Union Bank
Date Particulars Amount
2.6.2023 HDFC Loan Payable 44,424.39
Save

Journal No.04 – [F7]

Date Particulars Debit Credit
Dr. HDFC Bank Loan 40,618.99
2.7.2023 Dr. Interest Paid 3,805.40
Cr. HDFC Loan Payable 44,424.39
Save

171
VCC VISUAL COMPUTER CENTRE 9940553503

Payment No.05 – [F5]

Account City Union Bank
Date Particulars Amount
2.7.2023 HDFC Loan Payable 44,424.39
Save

Journal No.05 – [F7]

Date Particulars Debit Credit
Dr. HDFC Bank Loan 41,025.18
2.8.2023 Dr. Interest Paid 3,399.21
Cr. HDFC Loan Payable 44,424.39
Save

Payment No.06 – [F5]

Account City Union Bank
Date Particulars Amount
2.8.2023 HDFC Loan Payable 44,424.39
Save

Journal No.06 – [F7]

Date Particulars Debit Credit
Dr. HDFC Bank Loan 41,435.43
2.9.2023 Dr. Interest Paid 2,988.96
Cr. HDFC Loan Payable 44,424.39
Save

Payment No.07 – [F5]

Account City Union Bank
Date Particulars Amount
2.9.2023 HDFC Loan Payable 44,424.39
Save

Journal No.07 – [F7]

Date Particulars Debit Credit
Dr. HDFC Bank Loan 41,849.79
2.10.2023 Dr. Interest Paid 2,574.60
Cr. HDFC Loan Payable 44,424.39
Save

Payment No.08 – [F5]

Account City Union Bank
Date Particulars Amount
2.10.2023 HDFC Loan Payable 44,424.39
Save

172
VCC VISUAL COMPUTER CENTRE 9940553503

Journal No.08 – [F7]

Date Particulars Debit Credit
Dr. HDFC Bank Loan 42,268.29
2.11.2023 Dr. Interest Paid 2,156.10
Cr. HDFC Loan Payable 44,424.39
Save

Payment No.09 – [F5]

Account City Union Bank
Date Particulars Amount
2.11.2023 HDFC Loan Payable 44,424.39
Save

Journal No.09 – [F7]

Date Particulars Debit Credit
Dr. HDFC Bank Loan 42,690.97
2.12.2023 Dr. Interest Paid 1,733.42
Cr. HDFC Loan Payable 44,424.39
Save

Payment No.10 – [F5]

Account City Union Bank
Date Particulars Amount
2.12.2023 HDFC Loan Payable 44,424.39
Save

Journal No.10 – [F7]

Date Particulars Debit Credit
Dr. HDFC Bank Loan 43,117.88
2.1.2024 Dr. Interest Paid 1,306.51
Cr. HDFC Loan Payable 44,424.39
Save

Payment No.11 – [F5]

Account City Union Bank
Date Particulars Amount
2.1.2024 HDFC Loan Payable 44,424.39
Save

Journal No.11 – [F7]

Date Particulars Debit Credit
Dr. HDFC Bank Loan 43,549.06
2.2.2024 Dr. Interest Paid 875.33
Cr. HDFC Loan Payable 44,424.39
Save

173
VCC VISUAL COMPUTER CENTRE 9940553503

Payment No.12 – [F5]

Account City Union Bank
Date Particulars Amount
2.2.2024 HDFC Loan Payable 44,424.39
Save

Journal No.12 – [F7]

Date Particulars Debit Credit
Dr. HDFC Bank Loan 43,984.56
2.3.2024 Dr. Interest Paid 439.83
Cr. HDFC Loan Payable 44,424.39
Save

Payment No.13 – [F5]

Account City Union Bank
Date Particulars Amount
2.3.2024 HDFC Loan Payable 44,424.39
Save
Output:
To check HDFC Bank Loan Ledger Amount:
 Back to Gateway of Tally
 Display more reports
 Account Books
 Ledger – HDFC Bank Loan
 Change Period - Alt + F2
o From : 1.4.2023
o To : 31.3.2024
 HDFC Bank Loan = 5,00,000

To check Interest Paid Amount:

 Back to list of ledger
 Interest Paid
 Change Period – Alt + F2
o From : 1.4.2023
o To : 31.3.2024
 Interest Paid = 33,092.68

To check Interest Paid Amount:

 Back to list of ledger
 HDFC Bank Loan Payable A/C
 Change Period – Alt + F2
o From : 1.4.2023
o To : 31.3.2024
 HDFC Bank Loan Payable A/C = 5,33,092.68

174
VCC VISUAL COMPUTER CENTRE 9940553503

70. How to calculate Cess Tax for Purchase Entries in Tally Prime?

Stock Item Creations

Stock Item GST Rate HSN Code Cess Rate
60%(Based on
Pan Masala 28% 21069020
Value)
5% & 1.591
Per/Packet
Cigarettes 28% 24022010
(Based on Value &
Quantity)

Transaction during the period:

May 1 - Goods purchase from RK Agency Distributors for the
followings
 Pan Masala 5500 Packet @ Rs.5 each packet
(Calculate CGST@14% & SGST@14% and
CESS @ 60%)
May 2 - Goods purchase from Maga Raja Distributors for the
followings
 Cigarettes 600 Packet @ Rs.300 each packet
(Calculate CGST@14% & SGST@14% and
CESS@5% & 1.591/Pack)

Output:-
GSTR-2 Voucher Register
Details of: B2B Invoice - 3,4A 1 May 2023 to 31 May 2023
Supplier No. of Taxable ITC
Supplier Name Paid Tax
GSTIN/UIN Invoices Amount Availed
RK Agency
33AAAAA1111E1Z1 1 27,500 24,200 24,200
Distributors
Maga Raja
33AAAAA2222E1Z1 1 1,80,000 60,354.60 60,354.60
Distributors
Grand Total 2 2,07,500 84,554.60 84,554.60

175
VCC VISUAL COMPUTER CENTRE 9940553503

Answer:
 Create Company
 Company Name : Visual Enterprises
 State : Tamilnadu
 Financial Year : 1.4.2023
 Enable GST : Yes
 Save : Ctrl + A
 Back to Gateway of Tally
 Create
 Stock Group

Stock Group Creation

Name Under Should quantities of item be added
Toxic Primary Yes
Save

 Back to list of Masters

 Unit

Unit Creation
Type Symbol Formal Name UQC Decimal Value
Simple PKT Packets PKT - PACKETS 0
Save

 Back to list of Masters

 Stock Item

Stock Items Creation

Name Pan Masala Cigarettes
Under Toxic Toxic
Unit PKT PKT
GST Applicable Applicable Applicable
Set/Alter GST
Yes Yes
Details
Description Toxic Goods Toxic Goods
HSN/SAC 21069020 24022010
Calculation Type On value On value
Taxability Taxable Taxable
Tax Type Valuation Type Rate Tax Type Valuation Type Rate
Integrated
Integrated Tax Based on value 28% Based on value 28%
Tax
Central Tax Based on value 14% Central Tax Based on value 14%
State Tax Based on value 14% State Tax Based on value 14%

176
VCC VISUAL COMPUTER CENTRE 9940553503

5%
60% Cess Based on value 1.591/
Cess Based on value
and Quantity
Unit
Enter Enter
Type of Supply Goods Goods
Save Save

GST Ledger Creation

Cess@60% Cess@5% Based on
Name CGST SGST
Based on Value Value and Quantity
Under Duties & Duties &
Duties & Taxes Duties & Taxes
Taxes Taxes
Type of duty/tax GST GST GST GST
Tax Type Central Tax State Tax Cess Cess
Valuation Type - - Based on Value Any
Percentage of
14% 14% 60% 0%
Calculation
Rounding Method Normal Normal Normal
Normal Rounding
Rounding Rounding Rounding
Rounding Limit 1 1 1 1
Save Save Save Save

 Back to Gateway of Tally

 Vouchers

Purchase No.01 – [F9]

Date 1.5.2023
Supplier Invoice No. RK001
Party’s A/C Name Alt + C
Name RK Agency Distributors
Under Sundry Creditors
Maintain Balance bill by bill Yes
Address No:10, 1st Street, Pattalam, Chennai-12.
State Tamilnadu
GST No. 33ASDHM5544T66G
Save
Purchase Ledger Alt + C
Name Cash Purchase
Under Purchase A/C
Type of Supply Goods
Save

177
VCC VISUAL COMPUTER CENTRE 9940553503

Name of Item Quantity Rate/per Amount

Pan Masala 5,500 5/PKT 27,500
27,500
CGST 14% 3,850
SGST 14% 3,850
Cess@60%_Based on Value 60% 16,500
Grand Total 5,500 PKT 51,700
New Ref. Bill No.RK001 - Save

Purchase No.02 – [F9]

Date 2.5.2023
Supplier Invoice No. MR002
Party’s A/C Name Alt + C
Name Maga Raja Distributors
Under Sundry Creditors
Maintain Balance bill by bill Yes
Address No:10, 1st Street, Choolai, Chennai-112.
State Tamilnadu
GST No. 33ASDHM5544T66G
Save
Purchase Ledger Cash Purchase
Enter
Name of Item Quantity Rate/per Amount
Cigarettes 600 300/PKT 1,80,000
1,80,000
CGST 14% 25,200
SGST 14% 25,200
Cess@5%_Based on Value and 9,955
Quantity
Grand Total 600 PKT 2,40,355
New Ref. Bill No.MR001 - Save
 Back to Gateway of Tally - Display More Reports - GST Reports - GSTR-2
 Change Period – Alt + F2
 From : 1.5.2023
 To : 31.5.2023
Output:
GSTR-2 Voucher Register
Details of: B2B Invoice - 3,4A 1 May 2023 to 31 May 2023
Supplier No. of Taxable ITC
Supplier GSTIN/UIN Paid Tax
Name Invoices Amount Availed
RK Agency 27,500 24,200 24,200
33ASDHM5544T66G 1
Distributors
Maga Raja 1,80,000 60,354.60 60,354.60
33ASDHM5544T66G 1
Distributors
Grand Total 2 2,07,500 84,554.60 84,554.60

178
VCC VISUAL COMPUTER CENTRE 9940553503

71. How to calculate Cess Tax for Sales Entries in Tally Prime?

Stock Item Creations

Stock Item GST Rate HSN Code Cess Rate
Coal 5% 2701 Rs.400 Per Ton
(Based on Quantity)
Motor Vehicle 18% 8702 15%
(Based on Value)

Stock Item Creations

Stock Name Quantity Rate Amount
Coal 600 Ton 3000/Ton 18,00,000
Toyota Motor Vehicle 1 Nos 32,00,000 32,00,000

Transaction during the period:

May 1 - Goods sold cash to Thirumala Motors for the followings
 Toyota Van 1nos @ Rs.3500000 per Nos
(Calculate CGST@9% & SGST@9% &CESS@15%)
May 2 - Goods sold cash to India Coal Distributors for the
followings
 Coal 600Ton @ Rs.3400 per Ton
(Calculate [email protected]% & [email protected]% & CESS @ Rs.400 per Ton)
Output:

GSTR-1 Voucher Register

Details of: B2B Invoice - 3,4A 1 May 2023 to 31 May 2023
Taxable Central Tax State Tax Cess Total Tax
Particulars
Amount Amount Amount Amount Amount
Thirumala
35,00,000 3,15,000 3,15,000 5,25,000 11,55,000
Motors
Coal India
20,40,000 51,000 51,000 2,40,000 23,82,000
Distributors

179
VCC VISUAL COMPUTER CENTRE 9940553503

Answer:
 Create Company
 Company Name : Visual Enterprises
 State : Tamilnadu
 Financial Year : 1.4.2023
 Enable GST : Yes
 Save : Ctrl + A
 Back to Gateway of Tally
 Create - Stock Group
Stock Group Creation
Name Under Should quantities of item be added
Stock in Hand Primary Yes
Save
 Back to list of Masters - Unit
Unit Creation
Type Symbol Formal Name UQC Decimal Value
Simple NOS Numbers NOS – Numbers 0
Simple TON Tonnies TON – Tonnies 0
Save
 Back to list of Masters - Stock Item
Stock Items Creation
Name Coal Toyota Motor Vehicle
Under Stock in Hand Stock in Hand
Unit TON NOS
GST Applicable Applicable Applicable
Set/Alter GST
Yes Yes
Details
Description Coal Vehicle
HSN/SAC 2701 8702
Calculation Type On value On value
Taxability Taxable Taxable
Configure – F12 Select Valuation Type – Yes
Valuation
Tax Type Valuation Type Rate Tax Type Rate
Type
Integrated Tax Based on value 5% Integrated Tax Based on value 18%
Central Tax Based on value 2.5% Central Tax Based on value 9%
State Tax Based on value 2.5% State Tax Based on value 9%
Cess Based on Quantity 400 /Unit Cess Based on value 15%
Enter Enter
Type of Supply Goods Goods
Opening Balance
Qty Rate Amount Qty Rate Amount
600 Ton 3,000 18,00,000 1 Nos 32,00,000 32,00,000
Save Save

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GST Ledger Creation

Cess @15% Cess@400%
Name CGST SGST
Based on Value Based on Quantity
Under Duties & Duties &
Duties & Taxes Duties & Taxes
Taxes Taxes
Type of duty/tax GST GST GST GST
Tax Type Central Tax State Tax Cess Cess
Valuation Type - - Based on Value Any
Percentage of
0% 0% 15% 400 Unit
Calculation
Rounding Method Normal Normal
Normal Rounding Normal Rounding
Rounding Rounding
Rounding Limit 1 1 1 1
Save Save Save Save

 Back to Gateway of Tally

 Vouchers

Sales No.01 – [F8]

Date 1.5.2023
Party’s A/C Name Alt + C
Name Thirumala Motors
Under Sundry Debtors
Maintain Balance bill by bill Yes
Address No: 11, 1st Street, Pattalam, Chennai-12.
State Tamilnadu
GST No. 33ASDHM5544T77G
Save
Sales Ledger Alt + C
Name Cash Sales
Under Sales A/C
Type of Supply Goods
Save
Name of Item Quantity Rate Amount
Toyota Motor Vehicle 1 Nos 35,00,000 35,00,000
35,00,000
CGST 0% 3,15,000
SGST 0% 3,15,000
Cess@15%_Based on Value 15% 5,25,000
Grand Total 1 Nos 46,55,000
New Ref. Bill No.TM001 - Save

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Sales No.02 – [F8]

Date 2.5.2023
Party’s A/C Name Alt + C
Name India cool Distributiors
Under Sundry Debtors
Maintain Balance bill by bill Yes
Address No: 11, 2st Street, Pattalam, Chennai-12.
State Tamilnadu
GST No. 33ASDHM5544T77G
Save
Sales Ledger Cash Sales
Save
Name of Item Quantity Rate Amount
Coal 600 Ton 3,400 20,40,000
20,40,000
CGST 0% 51,000
SGST 0% 51,000
Cess@400%_Based on Value 400 Unit 2,40,000
Grand Total 600 Ton 23,82,000
New Ref. Bill No.ICD002 - Save

 Back to Gateway of Tally

 Display More Reports
 GST Reports - GSTR-1
 Change Period – Alt + F2
 From : 1.5.2023
 To : 31.5.2023
 Uncertain Transaction (Corrections needed)
 Enter
 Information Required for generating Table wise Details not provided
Output:

GSTR-1 Voucher Register

Details of: B2B Invoice - 3,4A 1 May 2023 to 31 May 2023
Taxable Central Tax State Tax Cess Total
Particulars
Amount Amount Amount Amount Amount
Thirumala
35,00,000 3,15,000 3,15,000 5,25,000 46,55,000
Motors
Coal India
20,40,000 51,000 51,000 2,40,000 23,82,000
Distributors

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72. How to calculate value added tax (VAT) in Tally Prime?

 VAT means “The value that a producer adds to him raw material or purchase before selling the
new improved product or service.
 It is multi stage tax
 It is one of the indirect tax.
VAT Tax %
 Value added tax percentages
 New (0%, 1%, 5%, 14.5%)
 Old (0%, 1%, 4%, 12.5%)
Types of VAT Tax
 Input VAT(Purchase)
 Output VAT(Sales)
VAT Tax Transaction:
Purchase Transaction
May 01 - Goods purchased on credit from ABC Traders for the following items.
 Keyboard 20Nos @ Rs.300 each
 Mouse 20Nos @ Rs.250 each
 Monitor 15Nos @ Rs.6,000 each Bill No=09, Days=10(VAT=4%)
May 02 - Goods purchased on credit from Abi Agencies for the following item.
 Usha Fan 15Nos @ Rs.1,500 each Bill No=20, Days=10 (VAT=12.5%)
Sales Transaction
May 31 - Goods sold on credit from Govind Traders for the following items.
 Keyboard 15Nos @ Rs.350 each
 Mouse 15Nos @ Rs.300 each
 Monitor 10Nos @ Rs.7,500 each Bill No=06, Days=15(VAT=4%)
May 31 - Goods sold on credit from Anbu Agencies for the following item.
 Usha Fan 10Nos @ Rs.2,000 each Bill No=20, Days=10 (VAT=12.5%)
How to display VAT Report?
 Back to Gateway of Tally – Display – Statutory Report
 VAT Report – VAT Computation
Output:
Particulars Accessible Value Tax Amount
Sales A. Output Tax
Output VAT @12.5% 20,000 2,500
Output VAT @4% 83,700 3,348
Total Output Tax 1,03,700 5,848
Purchase B. Input Tax
Input VAT @12.5% 22,500 2,812
Input VAT @4% 1,01,000 4,040
Total Input Credit 1,23,500 6,852
Vat Refundable/Carried Forward 1004.50

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Answer:

 Create Company
 Company Name : Visual Enterprises
 Financial Year : 1.4.2023
 Enable GST : No
 Enable VAT : yes
 State : Tamilnadu
 TIN : ASDF12365D
 Save : Ctrl + A

 Back to Gateway of Tally

 Create
 Stock Group

Stock Group Creation

Name Under Should quantities of item be added
Electronic items Primary Yes
Save

 Back to List of Masters

 Unit

Unit Creation
Type Symbol Formal Name UQC Decimal
Simple Nos Numbers Nos-Numbers 0
Save

 Back to list of masters

 Stock Item

Stock Item Creation

Name Keyboard Mouse Monitor Usha Fan
Electronics Electronics Electronics Electronics items
Under
items items items
Unit Nos Nos Nos Nos
VAT Applicable Applicable Applicable Applicable Applicable
Set alter vat details Yes Yes Yes Yes
Tax/Rate Details
Tax Rate 4% 4% 4% 12.5%
Save

 Back to Gateway of Tally

 Vouchers

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VCC VISUAL COMPUTER CENTRE 9940553503

Transaction: Goods purchased on credit from ABC Traders for the following items
 Keyboard 20Nos @ Rs.500
 Mouse 20Nos @ Rs.250
 Monitor 15Nos @ Rs.7500 [ Bill No.09, VAT = 4% ]

Purchase No.01 – [F9]

Date 1.5.2023
Supplier Invoice No. 09
Party’s A/C Name Alt + C
Name ABC Traders
Under Sundry Creditors
Maintain Balance bill by bill Yes
No.76, Ashtabujam Road, Choolai, Chennai-
Address
112.
State Tamilnadu
PAN/IT No. ASDFF1234G
Set/Alter VAT Details Yes
VAT Details
Type of Dealer Regular
VAT TIN No. ASDF12345G
Enter - Save
Purchase Ledger Alt + C
Name Cash Purchase
Under Purchase A/C
Is VAT/CST Applicable Applicable
Save
Name of Item Quantity Rate Per Amount
Keyboard 20 500 Nos 10,000
Mouse 20 250 Nos 5,000
Monitor 15 7,500 Nos 1,12,500
1,27,500
Alt + C
Name: Input VAT@4%
Under: Duties & Taxes
Type of Duty/Tax: VAT
4% 5,100
Percentage of Calculation: 4%
Rounding Method: Normal
Rounding Limit: 1
Save
Grand Total 55 Nos 1,32,600
New Ref – Bill No.09 - Save

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Transaction: Goods purchased on credit from Abi Agencies for the following items
 Usha fan 15 Nos @ 2,200 [ Bill No.15, VAT = 4% ]
Purchase No.02 – [F9]
Date 2.5.2023
Supplier Invoice No. 15
Party’s A/C Name Alt + C
Name Abi Agencies
Under Sundry Creditors
Maintain Balance bill by bill Yes
Address No.76, Ashtabujam Road, Choolai, Chennai-112.
State Tamilnadu
PAN/IT No. ASDFF1234G
Set/Alter VAT Details Yes
VAT Details
Type of Dealer Regular
VAT TIN No. ASDF12345G
Enter - Save
Purchase Ledger Cash Purchase
Enter
Name of Item Quantity Rate Per Amount
Usha fan 15 2,200Nos 33,000
33,000
Alt + C
Name: Input [email protected]%
Under: Duties & Taxes
Type of Duty/Tax: VAT
12.5% 4,125
Percentage of Calculation12.5%
Rounding Method: Normal
Rounding Limit: 1
Save
Grand Total 15 Nos 37,125
New Ref – Bill No.10 - Save

Transaction: Goods sold on credit to Govind Traders for the following items
 Keyboard 20Nos @ Rs.550
 Mouse 20Nos @ Rs.300
 Monitor 15Nos @ Rs.8000 [ Bill No.06 Days = 15, VAT = 4% ]
Sales No.1 – [F8]
Date 31.5.23
Party’s A/C Name Alt + C
Name Govind Traders
Under Sundry Debtors
Maintain Balance bill by bill Yes
Address No.76, Ashtabujam Road, Choolai, Chennai-112.
State Tamilnadu
PAN/IT No. ASDFF1234G

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Set/Alter VAT Details Yes

VAT Details
Type of Dealer Regular
VAT TIN No. ASDF12345G
Enter - Save
Sales Ledger Alt + C
Name Cash Sales
Under Sales Account
Is VAT/CST Applicable Applicable
Save
Name of Item Quantity Rate Per Amount
Keyboard 20 550Nos 11,000
Mouse 20 300 Nos 6,000
Monitor 15 8000 Nos 1,20,000
1,37,000
Alt + C
Name: Output VAT@4%
Under: Duties & Taxes
Type of Duty/Tax: VAT
4% 5480
Percentage of Calculation: 4%
Rounding Method: Normal
Rounding Limit: 1
Save
Grand Total 55 Nos 1,42,480
New Ref – Bill No.ABC001 - Save

Transaction: Goods sold on credit to Anbu Agencies for the following items
 Usha Fan 10Nos @ 2,500 each [ Bill No.20, VAT = 12.5% ]
Sales No2 – [F8]
Date 31.5.23
Party’s A/C Name Alt + C
Name Anbu Agencies
Under Sundry debtors
Maintain Balance bill by bill Yes
Address No.76, Purasaiwakkam, Choolai, Chennai-112.
State Tamilnadu
PAN/IT No. ASDFF2234G
Set/Alter VAT Details Yes
VAT Details
Type of Dealer Regular
VAT TIN No. ASGF12345G
Enter - Save
Sales Ledger Cash sales
Enter

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Name of Item Quantity Rate Per Amount

Usha Fan 15 2,500 Nos 37,500
37,500
Alt + C
Name: Output [email protected]%
Under: Duties & Taxes
Type of Duty/Tax: VAT
12.5% 4,688
Percentage of Calculation: 12.5%
Rounding Method: Normal
Rounding Limit: 1
Save
Grand Total 15 Nos 42,188
New Ref – Bill No.20 - Save

 Back to Gateway of Tally

 Display More Reports
 VAT Reports
 VAT Computation

Output:

Particulars Accessible Value Tax Amount

Sales A. Output Tax
Output VAT @12.5% 20,000 2,500
Output VAT @4% 83,700 3,348
Total Output Tax 1,03,700 5,848
Purchase B. Input Tax
Input VAT @12.5% 22,500 2,812
Input VAT @4% 1,01,000 4,040
Total Input Credit 1,23,500 6,852
Vat Refundable/Carried Forward 1004.50

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73. How to calculate TDS Tax Amount in Tally Prime?

TDS Nature Of Payments Creation
For Payment of Section Payment Code Threshold Limit TDS Rate %
Payments to 1%(Individual)
194C 94C Rs.30,000
Contractor 2%(Companies)
Payments of Insurance 5%(Individual)
194D 94D Rs.15,000
Commission 10%(Companies)
Rent of Land, Building
194I 4IB Rs.2,40,000 10%
or Furniture
Fees for Professional or
194J 4JB Rs.30,000 2%(or)10%
Technical Services

Expenses Ledger Creation

Ledge Name Under TDS Applicable Nature
Contractor Indirect
Applicable Payments to Contractors
Charges Expenses
Insurance Indirect
Applicable Payments of Insurance Commission
Commission Expenses
Rent of Indirect
Applicable Rent of Land, Building or Furniture
Building Expenses
Indirect Fees for Professional or Technical
Auditor Fees Applicable
Expenses Services

TDS Tax Ledger Creation

Ledge Name Under Type of Tax Nature of Payments
TDS on Contractor
Duties & Tax TDS Payments to Contractors
Charges
TDS on Insurance Payments of Insurance
Duties & Tax TDS
Commission Commission
Rent of Land, Building or
TDS on Rent of Building Duties & Tax TDS
Furniture
Fees for Professional or
TDS on Auditor Fees Duties & Tax TDS
Technical Services

Party Ledger Creation

Deduct TDS in
Ledger Name Under Deductable Deductee Type PAN Number
Same Voucher
Bharath Building Sundry Individual/HUF
Yes Yes AAAAA1111E
Contractor Creditors – Resident
Kumar Sundry Individual/HUF
Yes Yes AAAAA2222E
Insurance Creditors – Resident
Sundry Individual/HUF
Mohan Rent Yes Yes AAAAA3333E
Creditors – Resident
Sundry Yes Individual/HUF Yes AAAAA4444E
Gokul Auditor
Creditors – Resident

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Transaction during the period:

Apr 01 - Invoice No. #BB7568 paid Contractor Charges
Rs.3, 40, 000 by cheque to Contractor Bharath Builders
and Deduct TDS Tax @ 1%
Apr 01 - Invoice No. #36987 paid Insurance Commission
Rs.3, 50, 000 by cheque to Agent Mr. Kumar
and Deduct TDS Tax @ 5%
Apr 01 - Invoice No. #52417 paid Rent on Building Rs.2, 80, 000
by cheque to Mr. Mohan and Deduct TDS Tax @ 10%
Apr 01 - Invoice No. #59585 paid Auditor Fees Rs.1, 50, 000 by
cheque to Auditor Mr. Gokul and Deduct TDS Tax @ 2%
Apr 02 - Amount paid to Bharath Builder
Apr 02 - Amount paid to Insurance Agent Mr. Kumar
Apr 02 - Amount paid to Rent on Building Mr. Mohan
Apr 02 - Amount paid to Auditor Mr. Gokul
Output:
How to Check TDS 26Q Form

 Back to Gateway of Tally

 Display More Reports
 Statutory Report
 TDS Report
 Form 26Q
 Accessible Value = 11,20,000
 Tax Deductable = 51,900
 Start Payment – Alt + S
 Tax Type – TDS
 Period – 1.4.2023 to 1.5.23
 Deduction till date – 1.4.23
 Section – All Items
 Nature of Payments – All Items
 Deductee Status – Non Company
 Residential Status – Residence
 Cash/Bank – Alt + C
 Name: ICICI Bank | Under: Bank Account | Save | Print – Ctrl + P

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74. How to calculate TDS Tax Amount for purchase entries in Tally Prime?
TDS Nature of payment Creation
Payment Threshold
Ledger Name Section For Payment of TDS Rate %
Code Limit
Purchase of
TDS on Purchase More Details 0.10%(with PAN)
194Q 94Q goods applicable
of Goods Rs.50 lakh 5%(without PAN)
w.e.f 01.07.2021)

Lucky Agency Distributors

Threshold Limit Rs.50,00,000
Particulars Month Amount TDS Taxable
Purchase of goods April Rs.20,00,000 NA
Purchase of goods May Rs.20,00,000 NA
Taxable Only Rs.10,00,000
Purchase of goods June Rs.20,00,000
(Total Rs.60,00,000 – Rs.50,00,000)

Supplier Ledger Creation

Is TDS
Ledger Name Under Deductee Type PAN
Deductable
Lucky Agency
Sundry Creditors Yes Company – Resident AAAAA1111E
Distributors

Purchase Ledger Creation

Is GST Type of Is TDS
Ledger Under Nature of Payment
Applicable Supply Applicable
Purchase TDS on Purchase of
Purchase Applicable Goods Applicable
Account Goods

TDS Tax Ledger Creation & TDS Tax Ledger Creation

Type of Is TDS Nature of
Ledger Name Under Tax Type
Duty Applicable Payment
Duties & TDS on Purchase
CGST GST Central Tax Applicable
Taxes of goods
Duties & TDS on Purchase
SGST GST State Tax Applicable
Taxes of goods
TDS on 194Q
Duties & TDS on Purchase
Goods of TDS - -
Taxes of goods
Purchase

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Stock Item Creation

GST Set/Alter Integrated Type of
Name Under Unit Taxability
Applicable GST Details Tax Supply
REDMI Note 10
Mobiles Nos Applicable Yes Taxable 12% Good
Pro

Transaction during the period:

Apr 1 - Goods purchase from Lucky Agency Distributors for the followings
 REDMI Note 10 Pro 300 Nos @ Rs.20, 000 each
(Calculate CGST, SGST & TDS on 194Q Good of Purchase)
How to show TDS Report:
 Back to Gateway of Tally
 Display More Reports
 Statutory Reports
 TDS Reports
 Form 26Q – Tax Deductable
 Stat Payment after Print TDS Challan
Output:-
 Accessible Value = 67,20,000
 Tax Deductable = 6,720

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75. How to calculate Tax Collected at Source (TCS) Amount in Timber Woods?
TCS Nature of Goods Creation
For the goods of Ledger Name Section TCS Rate %
With PAN-2.50%
Sale of Timber obtained
Timber Woods 206C(1) Without PAN – 5.0%
under a forest lease
Threshold Limit = 50,00,000

Customer Ledger Creation

TCS Buyer/Lessee Advance
Ledger Name Under PAN
Applicable Type Configuration
Sundry Individual/HUF
Sakthi Traders Yes No AAAAA1234E
Debtors – Resident

Sales Ledge Creation

Ledger GST Set/Alter Type of TCS
Under Nature
Name Applicable GST Details Supply Applicable
Sales on Sales Timber
Applicable No Goods Applicable
TCS Accounts Woods

TCS Tax Ledger Creation

Ledger Name Under Type of Tax Nature
TCS on Tax Duties & Tax TCS Timber Woods

Stock Item Creation

Set/Alter
GST Type of TCS
Name Under Unit GST Nature
Applicable Supply Applicable
Details
Timber TCS MTS – Timber
Applicable No Goods Applicable
Woods Goods Metric Tons Woods

Qty Rate Amount

Opening Balance
2,600 Mts 1,500 39,00,000

Transaction during the period:

Apr 1 - Goods sold to Sakthi Traders for the followings
 Timber Woods 2600 MTS @ Rs.2,000 each (Calculate TCS Tax amount)
How to show TCS Report:
 Back to Gateway of Tally
 Display More Reports
 Statutory Report
 TCS Report
 Form 27EQ after Start Payment
 Print TCS Chellan
Output:
Assessible value = 52, 00,000
Tax Collectable = 1, 30,000

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76. How to calculate Tax Collected at Source (TCS) Amount in Tendu Leaves?
TCS Nature of Goods Creation
For the goods of Ledger Name Section TCS Rate %
With PAN – 5.0%%
Sale of Tendu Leaves Tendu Leaves 206C(1) Without PAN – 10.0%
Threshold Limit = 50,00,000

Customer Ledger Creation

TCS Buyer/Lessee Advance
Ledger Name Under PAN
Applicable Type Configuration
Lakshmi Tendu Sundry Individual/HUF
Yes No CAEPR4907D
Leaves Agency Debtors – Resident

Sales Ledge Creation

Ledger GST Set/Alter Type of TCS
Under Nature
Name Applicable GST Details Supply Applicable
Sales on Sales Tendu
Applicable No Goods Applicable
TCS Accounts Leaves

TCS Tax Ledger Creation

Ledger Name Under Type of Tax Nature
TCS on Tax Duties & Tax TCS Tendu Leaves

Stock Item Creation

Set/Alter
GST Type of TCS
Name Under Unit GST Nature
Applicable Supply Applicable
Details
Tendu TCS BAG – Tendu
Applicable No Goods Applicable
Leaves Goods BAGS Leaves

Qty Rate Amount

Opening Balance
6000 Bags 1,000 60,00,000
Transaction during the period:
Apr 1 - Goods sold to Lakshmi Tendu Leaves Agency for the followings
 Tendu Leaves 6000 BAGS @ Rs.1,500 each
(Calculate TCS Tax amount)
How to show TCS Report:
 Back to Gateway of Tally
 Display More Reports
 Statutory Report
 TCS Report
 Form 27EQ after Start Payment
 Print TCS Chellan
Output:
Assessable value = 90, 00,000
Tax Collectable = 4, 50,000

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77. How to calculate Tax Collected at Source (TCS) Amount in Alcohol?

TCS Nature of Goods Creation
For the goods of Ledger Name Section TCS Rate %
Liquor of alcoholic With PAN – 1.0%%
nature, made for Alcohol 206C(1) Without PAN – 2.0%
consumption by humans Threshold Limit = 50,00,000

Customer Ledger Creation

TCS Buyer/Lessee Advance
Ledger Name Under PAN
Applicable Type Configuration
Premier Sundry Individual/HUF
Yes No BGAPV8861N
Distributor Ltd Debtors – Resident

Sales Ledge Creation

Ledger GST Set/Alter Type of TCS
Under Nature
Name Applicable GST Details Supply Applicable
Sales on Sales
Applicable No Goods Applicable Alcohol
TCS Accounts

TCS Tax Ledger Creation

Ledger Name Under Type of Tax Nature
TCS on Tax Duties & Tax TCS Alcohol

Stock Item Creation

Set/Alter
GST Type of TCS
Name Under Unit GST Nature
Applicable Supply Applicable
Details
Alcohol TCS
CTN Applicable No Goods Applicable Alcohol
200 Goods

Qty Rate Amount

Opening Balance
2,500 CTN 1,500 37,50,000

Transaction during the period:

Apr 1 - Goods sold to Premier Distributor Ltd for the followings
 Alcohol 200 2500 CTN @ Rs.2,250 each (Calculate TCS Tax amount)
How to show TCS Report:
 Back to Gateway of Tally
 Display More Reports
 Statutory Report
 TCS Report
 Form 27EQ after Start Payment
 Print TCS Chellan

Output:
 Assessable value = 56, 25,000
 Tax Collectable = 56,250

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78. How to calculate Tax Collected at Source (TCS) Amount in Scrap?

TCS Nature of Goods Creation
For the goods of Ledger Name Section TCS Rate %
With PAN – 1.0%%
Sale of Scrap Scrap 206C(1) Without PAN – 2.0%
Threshold Limit = 50,00,000

Customer Ledger Creation

TCS Buyer/Lessee Advance
Ledger Name Under PAN
Applicable Type Configuration
Chennai Metal Sundry Individual/HUF
Yes No BGAPV8262N
Scrap Ltd Debtors – Resident

Sales Ledge Creation

Ledger GST Set/Alter Type of TCS
Under Nature
Name Applicable GST Details Supply Applicable
Sales on Sales
Applicable No Goods Applicable Scrap
TCS Accounts

TCS Tax Ledger Creation

Ledger Name Under Type of Tax Nature
TCS on Tax Duties & Tax TCS Scrap

Stock Item Creation

Set/Alter
GST Type of TCS
Name Under Unit GST Nature
Applicable Supply Applicable
Details
Metal TCS TON –
Applicable No Goods Applicable Scrap
Scrap Goods TONS

Qty Rate Amount

Opening Balance
750 Tons 8,000 60,00,000

Transaction during the period:

Apr 1 - Goods sold to Chennai Metal Scrap Ltd for the followings
 Metal Scrap 750 TON @ Rs.10,000 each (Calculate TCS Tax amount)
How to show TCS Report:
 Back to Gateway of Tally
 Display More Reports
 Statutory Report
 TCS Report
 Form 27EQ after Start Payment
 Print TCS Chellan

Output:
 Assessable value = 75, 00,000
 Tax Collectable = 75,000

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79. How to calculate Tax Collected at Source (TCS) Amount in Coal?

TCS Nature of Goods Creation
For the goods of Ledger Name Section TCS Rate %
With PAN – 1.0%%
Sale of Minerals, being
Coal 206C(1) Without PAN – 2.0%
coal or lignite or iron
Threshold Limit = 50,00,000

Customer Ledger Creation

TCS Buyer/Lessee Advance
Ledger Name Under PAN
Applicable Type Configuration
Coal India Pvt. Sundry Individual/HUF
Yes No CAEPR4907D
Ltd Debtors – Resident

Sales Ledge Creation

Ledger GST Set/Alter Type of TCS
Under Nature
Name Applicable GST Details Supply Applicable
Sales on Sales
Applicable No Goods Applicable Coal
TCS Accounts

TCS Tax Ledger Creation

Ledger Name Under Type of Tax Nature
TCS on Tax Duties & Tax TCS Coal

Stock Item Creation

Set/Alter
GST Type of TCS
Name Under Unit GST Nature
Applicable Supply Applicable
Details
TCS
Coal Ton-Tonnes Applicable No Goods Applicable Coal
Goods

Qty Rate Amount

Opening Balance
2,000 Tons 30,000 6,00,00,000

Transaction during the period:

Apr 1 - Goods sold to Coal India Pvt. Ltd for the followings
 Coal 2,000 Tons @ Rs.40,000 each(Calculate TCS Tax amount)
How to show TCS Report:
 Back to Gateway of Tally
 Display More Reports
 Statutory Report
 TCS Report
 Form 27EQ after Start Payment
 Print TCS Chellan

Output:
 Assessable value = 8,00,00,000
 Tax Collectable = 8,00,000

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80. How to create payroll PF, ESI, Professional Tax and Income Tax in Tally Prime?

 Weekly, monthly and overtime periodic process of salary to the employees to be calculated
process is called payroll.
 Processing of salary along with employee statutory deductions and employer statutory
contributions with the help of predefined processes
 It helps generate al staffs and labors ESI, EPF, EPS and PRAN as to be calculated and paid
to govt.
 ESI - Employee State Insurance
 EPF - Employee Provident Fund
 EPS - Employee Pension Scheme
 PRAN - Permanent Retirement Account Number
 If 15 to 20 employees working in your company no need payroll access only in excel to
maintain.
 If more than 100 to 3000 employees working in your company with shift basis you will
maintain easily in Tally Prime.
Answer:
 Create Company
o Company Name : Visual Enterprises
o Financial Year : 1.4.2023
o Enable Cost Centre : Yes
o Enable GST : No
o Maintain Payroll : Yes
o Enable Payroll Statutory : Yes
o Save : Ctrl + A
 Back to Gateway of Tally
 Create
 Ledger
Payroll Statutory Details
Provident Fund
Company code ASDFG7854796321
Company account group code 254789654
Company security code 12345
Employee Status Insurance
Company code 123456789
ESI branch office CHENNAI
Standard working days per month 26.00
National Pension Scheme
Corporate registration number 123456875
Corporate branch office number 456547
Income Tax
Tax deduction and collection account ASDF12345E
number(TAN)
TAN registration number 12345678
Income tax circle or word WARD-2
Deductor type Others
Deductor branch/division CHENNAI
Name of person responsible Vaishnavi

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Son/Daughter of Thavaselvam
Designation ACCOUNT S DEPARTMENT
Pan ASDFG9632F
Save

 Back to Gateway of Tally

 Create
 Employee Group
Employee Group Creations
Name Under
Sales Department Primary
Production Department Primary
Marketing Department Primary
Accounts Department Primary
Save

 Back to List of Masters

 Employee
Employee Creation
Name Selva kumar .A Ramachandran Kumar N RANI G
R
Under Sales department Production Marketing Accounts
department department department
Date of joining 1-may-2021 1-jun-2021 1-jan-2023 1-apr-2021
Define salary No No No No
details
General Information
Employee 4536 5654 7854 4587
number
Designation Sales Manager Supervisor Marketing Accountant
manager
Function
Location Chennai Chennai Chennai Chennai
Gender Male Male Male Female
Date of birth 1-Apr-1992 1-may-1985 1-Apr-1989 1-may-1995
Blood group O positive A positive A positive O negative
Father’s/Mother’s Arun Ramu Nagaraj Ram
Name
Spouse name Ramya Anjali Vimala Gopi
Address Chennai Chennai Chennai Chennai
Phone number 9940553503 9940553503 9856741260 9940553503
Email [email protected]
Provide bank yes Yes yes Yes
details
Bank Details
A/C no 00123456789 001234567890 001234567890 001234567891
IFS code CNRB0001760 CUIB0000012 CRNB0001760 CUIB0000012
Bank name Canara bank City union Canara Bank City union
bank bank
Branch Chennai Chennai Chennai Chennai

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Statutory Details
Income Tax CRTGF8565G ASDGF1236F BJHGF4587D CGTRF7854G
Number
Aadhaar number 214585657895 145825652233 000011112222 111122223333
Universal account 100236987542 123645789002 123456789012 456987123001
number(UAN)
PF account 125478955878 123645789002 123456789012 456987123001
number
EPS account
125478955878 123645789002 123456789012 456987123001
number
Date of joining
1-may-2021 1-JUN-2021 1-JAN-22 1-APR-2021
for PF
ESI number 58789658 1234567890 5478963254 1478523690
Save
 Back to list of Master
 Units
Unit Creation
Type Simple Simple
Symbol HRS MIN
Formal name Hours Minutes
No of Decimal places 0 2
Save

Type - Compound
First Unit Conversion Second Unit
HRS 60 MIN
Save
 Back to list of Master
 Attendance / Production type creation
Attendance / Production type creation
Name Under Attendance Type Period Type Units
Present Primary Attendance Leave with Days -
Pay
Absent Primary Leave without pay Days -
Overtime Primary Production - HRS of 60
MINS
Calendar Primary User defined calendar Days -
month
Save
 Back to list of master - Pay head
Pay Head Creation
Name Basic Pay
Pay Head Information
Pay head type Earnings for Employees
Income type Fixed
Under Indirect Expenses
Affect net salary Yes
Name to be displayed in pay slip Basic Pay
Use for calculation of gratuity No
Set/Alter Income Tax Details Yes

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Income Tax Details

Income Tax Component Basic Salary
Tax Calculation Basis On Projected Value
Deduct TDS Across Period Yes
Enter
Calculation Type On Attendance
Attendance/Leave with pay Present
Calculation Period Month
Basis of calculation (per day) User Defined
Month of 26 Days
Save

Pay Head Creation

Name House Rent Allowance
Pay Head Information
Pay head type Earnings for Employees
Income type Fixed
Under Indirect Expenses
Affect net salary Yes
Name to be displayed in pay slip House Rent Allowance
Use for calculation of gratuity Yes
Set/Alter Income Tax Details Yes
Income Tax Details
Income Tax Component House Rent Allowance
Tax Calculation Basis On Projected Value
Deduct TDS Across Period Yes
Enter
Calculation Type As computed value
Calculation Period Months
Computation Information
Compute On specified formula
Specified formula Basic pay
Slab type Percentage
Value 20%
Save

Pay Head Creation

Name Travelling allowance
Pay Head Information
Pay head type Earnings for Employees
Income type Fixed
Under Indirect Expenses
Affect net salary Yes
Name to be displayed in pay slip Travelling allowance
Use for calculation of gratuity No
Set/Alter Income Tax Details Yes
Income Tax Details
Income Tax Component Field area allowance
Tax Calculation Basis On Projected Value
Deduct TDS Across Period Yes
Enter

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Calculation Type Flat rate

Calculation Period Months
Save

Pay Head Creation

Name Medical allowance
Pay Head Information
Pay head type Earnings for Employees
Income type Fixed
Under Indirect Expenses
Affect net salary Yes
Name to be displayed in pay slip Medical allowance
Use for calculation of gratuity No
Set/Alter Income Tax Details Yes
Income Tax Details
Income Tax Component Medical Reimbursement
Tax Calculation Basis On Projected Value
Deduct TDS Across Period Yes
Enter
Calculation Type Flat Rate
Calculation Period Months
Rounding Method Normal Rounding
Rounding Limit 1
Save

Pay Head Creation

Name Over time
Pay Head Information
Pay head type Earnings for Employees
Income type Fixed
Under Indirect Expenses
Affect net salary Yes
Name to be displayed in pay slip Over time
Use for calculation of gratuity No
Set/Alter Income Tax Details Yes
Income Tax Details
Income Tax Component Other Earnings/Allowances(Fully Taxable)
Tax Calculation Basis On Projected Value
Deduct TDS Across Period Yes
Enter
Calculation Type On Production
Production type Overtime
Save

Pay Head Creation

Name PF Deduction@12%
Pay Head Information
Pay head type Employee’s Statutory Deductions
Statutory type PF account (A/c no.1)
Under Current liabilities

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Affect net salary Yes

Name to be displayed in pay slip PF Deduction@12%
Calculation Type As compute value
Calculation period Months
Computation Information
Compute: On specified Formula
Specified Formula Basic Pay
Slab type Percentage
Value 12%

Pay Head Creation

Name ESI [email protected]%
Pay Head Information
Pay head type Employee’s statutory deductions
Statutory type Employee State Insurance
Under Current liabilities
Affect net salary Yes
Name to be displayed in pay slip ESI [email protected]%
Calculation Type As compute value
Calculation period Months
Computation Information
Compute: On specified Formula
Functions Pay head
Add pay head Basic pay
Add pay head House rent allowance
Add pay head Travelling allowance
Add pay head Over time
Save

Pay Head Creation

Name Professional Tax
Pay Head Information
Pay head type Employees statutory deductions
Statutory type Professional Tax
Under Current liabilities
Affect net salary Yes
Name to be displayed in pay slip Professional Tax
Calculation Type As computed value
Calculation period Months
Computation Information
Compute On Current Earning Total
Amount Greater than Amount Up To Slap Type Value
15,000 Value 0
15,000 20,000 Value 150
20,000 Value 200
Save

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Pay Head Creation

Name Income Tax
Pay Head Information
Pay head type Employees statutory deductions
Statutory type Income Tax
Under Current liabilities
Affect net salary Yes
Name to be displayed in pay slip Income Tax
Calculation Type As Per Income Tax Slab
Calculation period Months
Rounding Off Information
Rounding Method Normal Rounding
Limit 1
Save

Pay Head Creation

Name Gratuity
Pay Head Information
Pay head type Gratuity
Under Current Liability
Set/Alter Income Tax Details Yes
Income Tax Components Gratuity
Tax Calculation Basis On Actual Value
Deduct TDS Across Periods No
Enter
Slab Rate details for Gratuity Calculation
Gratuity Days of a Month 26
Number of Months
Eligibility days for gratuity calculation per year
From To
1 60 0
61 120 20
121 70
Enter
Rounding Off Information
Rounding Method Normal Rounding
Limit 1
Save
 Back to Gateway of Tally
 Alter
 Define Salary
Salary Details Creations
Name Selvakumar .A(4536)
Under Sales Department
Effective From Pay Head Rate Per
1.5.2023 Basic Pay 25,000 Months
House Rent Allowance
Traveling Allowance 400 Months
Medical Allowance 1,000 Months
Over Time Pay 90 HRS
Professional Tax

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VCC VISUAL COMPUTER CENTRE 9940553503

ESI
[email protected]%
PF Deductions@12%
Income Tax
Gratuity
Save

Salary Details Creations

Name Ramachandran R(4522)
Under Accounts department
Effective From Pay Head Rate Per
1.5.2023 Basic Pay 65,000 Months
House Rent Allowance
Traveling Allowance 1,000 Months
Medical Allowance 1,500 Months
Over Time Pay 60 HRS
Professional Tax
ESI
[email protected]%
PF Deductions@12%
Income Tax
Gratuity
Save

Salary Details Creations

Name Rani .G(4587)
Under Accounts Department
Effective From Pay Head Rate Per
1.5.2023 Basic Pay 22,000 Months
House Rent Allowance
Travelling Allowance 600 Months
Medical Allowance 1,000 Months
Over Time Pay 20 HRS
Professional Tax
ESI
[email protected]%
PF Deductions@12%
Income Tax
Gratuity
Save

Salary Details Creations

Name Kumar .N(7854)
Under Marketing Department
Effective From Pay Head Rate Per
1.5.2023 Basic Pay 20,000 Months
House Rent Allowance
Travelling Allowance 500 Months
Medical Allowance 1,000 Months
Over Time Pay 70 HRS
Professional Tax

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VCC VISUAL COMPUTER CENTRE 9940553503

ESI
[email protected]%
PF Deductions@12%
Income Tax
Gratuity
Save

 Back to Gateway of tally - Voucher

 Other vouchers – F10
 Attendance
Attendance No.01
Employee
Employee Name Attendance Value Unit
Number
Selvakumar .A 4536 Present 26 Days
Rani .G 4587 Present 24 Days
Ramachandran .R 5654 Present 26 Days
Kumar .N 7854 Present 26 Days

Attendance No.02
Employee
Employee Name Attendance Value Unit
Number
Selvakumar .A 4536 Overtime 90 Hours
Rani .G 4587 Overtime 20 Hours
Ramachandran .R 5654 Overtime 60 Hours
Kumar .N 7854 Overtime 70 Hours
 Back to Gateway of Tally
 Create - Pay Head
Pay Head Creation
Name Salary Payable
Pay Head Type Not Applicable
Under Current Liabilities
Save
 Back to Gateway of Tally
 Voucher
 Other vouchers – F10
 Payroll
 Enter
 Auto Fill – Ctrl + F
Auto Fill
Type of Transaction Payroll Autofill
Process for Salary
Compute Income Tax Based On Declared Value
From ( blank for beginning) 1.05.2023
To (blank for end) 31.5.2023
Employee Group All Items
Sort By Employee Number Only
Payroll bank/cash ledger Salary payable
Enter

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VCC VISUAL COMPUTER CENTRE 9940553503

81. How to Create Bill of Materials (BOM) in Tally Prime?

Answer:
 Create Company
 Company Name : Visual Enterprises
 Address : No.76, Ashtabujam Road, Choolai, Chennai-112.
 State : Tamilnadu
 Financial Year : 1.4.2023
 Enable GST : YES
 GST No. : 33ASDFG1547G22T
 Save : Ctrl + A
 Back to Gateway of Tally
 Create
 Ledger

Purchase Ledger creation

Set/Alter
Ledger Gst Nature of Integrated Type of
Under Gst
Name Applicable Transaction Tax supply
Details
Purchase@ Purchase Purchase
Applicable Yes 18% Goods
18% A/C Taxable

 Save
Supplier Ledger Creation
Ledger Name Under GST No.
S.K. Industries Sundry Creditors 33ASDFG1234G33T

 Save
GST Ledger Creation
Name CGST@9% SGST@9%
Under Duties & Taxes Duties & Taxes
Type of duty/tax GST GST
Tax Type Central Tax State Tax
Percentage of Calculation 0 0
Rounding Method Normal Rounding Normal Rounding
Rounding Limit 1 1

 Save

Additional Cost Ledger Creation

Name Under Type of Supply
Transport Charges Direct Expenses Services
Labour Charges Direct Expenses Services
Electricity Charges Direct Expenses Services
Staff Salary Direct Expenses Services
Telephone Charges Direct Expenses Services
Rent Direct Expenses Services

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VCC VISUAL COMPUTER CENTRE 9940553503

 Save
 Back to Gateway of Tally
 Create
 Stock Group

Stock Group Creation

Name Under Should quantities of items be added
Raw Material Primary Yes

 Back to list of Masters

 Unit

Unit Creation
Type Symbol Formal Name UQC Decimal Value
Simple Nos Numbers Nos – Numbers 0

 Save
 List of Masters
 Godown
 Create
Godown Creation
Name Under
Main Location (It is already in Tally, Don’t Create) Primary
Assembly Godown Primary
Finished Godown Primary

 Save
 List of Masters
 Stock Items
 Create
Stock Items Creation
Name Under Units
Seats Raw materials Nos
Frames Raw materials Nos
Breaks Raw materials Nos
Handle Bar Raw materials Nos
Wheels Raw materials Nos
Tyres Raw materials Nos
Chain Raw materials Nos
Pedals Raw materials Nos
Crank Set Raw materials Nos

 Save
 Back to Gateway of Tally
 Voucher

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 VCC VISUAL COMPUTER CENTRE 9940553503

Purchase No.01 – [F9]

Date 1.5.2023
Party’s A/C Name S.K. Industries
Purchase Ledger Purchase@18%
Enter
Name of Item Godown Qty Rate Amount
Seats Main Location 1000 300 3,00,000
Frames Main Location 1000 500 5,00,000
Breaks Main Location 1000 700 7,00,000
Handle Bar Main Location 1000 800 8,00,000
Wheels Main Location 1000 400 4,00,000
Tyres Main Location 1000 550 5,50,000
Chain Main Location 1000 450 4,50,000
Pedals Main Location 1000 350 3,50,000
Crank Set Main Location 1000 650 6,50,000
47,00,000
CGST@9% 4,23,000
SGST@9% 4,23,000
Total 55,46,000
New Ref. Bill No.CS001 – Save
 Back to Gateway of Tally
 Display
 Inventory book
 Godown (or) Location
 Check Stock items on Assembly Godown, Finished Godown, Main Location
 Back to Gateway of Tally
 Voucher
 Voucher Type – Alt + F7
 Name – Stock Journal – Enter

Stock Journal No.1

Transfer of Materials
Source(Consumption) Destination(Production)
Name of Name of
Godown Qty Rate Amount Godown Qty Rate Amount
item item
Main Assembly
Seats 1000 300 3,00,000 Seats 1000 300 3,00,000
Location Godown
Main Assembly
Frames 1000 500 5,00,000 Frames 1000 500 5,00,000
Location Godown
Breaks Main 1000 700 7,00,000 Breaks Assembly 1000 700 7,00,000
Location Godown
Main Assembly
Handle Bar 1000 800 8,00,000 Handle Bar 1000 800 8,00,000
Location Godown
Main Assembly
Wheels 1000 400 4,00,000 Wheels 1000 400 4,00,000
Location Godown

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 VCC VISUAL COMPUTER CENTRE 9940553503

Main Assembly
Tyres 1000 550 5,50,000 Tyres 1000 550 5,50,000
Location Godown
Main Assembly
Chain 1000 450 4,50,000 Chain 1000 450 4,50,000
Location Godown
Pedals Main 350 3,50,000 Pedals Assembly 350 3,50,000
1000 1000
Location Godown
Main Assembly
Crank Set 1000 650 6,50,000 Crank Set 1000 650 6,50,000
Location Godown
9000 4700000 9000 4700000
Save

 Back to Gateway of Tally

 Display
 Inventory book
 Godown (or) Location
 Check Stock items on Assembly Godown, Finished Godown, Main Location
 Back to Gateway of Tally
 Create
 Voucher Type
 Name: Manufacturing Journal
 Select type of voucher: Stock Journal
 Use as Manufacturing Journal: Yes
 Save

 Back to Gateway of Tally

 Create
 Stock items
Main Stock Item Creation
Configure F12
Set Components list (Bill of Materials) in Stock Items Yes
Save
Name Hero Cycle
Under Primary
Unit Nos
Set Components (BOM) Yes
BOM List of : Hero Cycle
Name of BOM
Standard
Units of Manufacture 1000
Item Godown Qty
Seats Assembly Godown 1000
Frames Assembly Godown 1000
Breaks Assembly Godown 1000
Handle Bar Assembly Godown 1000
Wheels Assembly Godown 1000
Tyres Assembly Godown 1000

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VCC VISUAL COMPUTER CENTRE 9940553503

Chain Assembly Godown 1000

Pedals Assembly Godown 1000
Crank Set Assembly Godown 1000
Enter
Set/Alter GST Details Yes
Enter
Description Bycycle
HSN Code 87120010
Taxability Taxable
Integrated Tax 18%
Save

 Back to Gateway of Tally

 Voucher
 Manufacturing Journal No.1 – Alt + F7
Manufacturing Journal No.1
Name of Product Hero Cycle
Godown Assembly Godown
Quantity 1000
Components(Consumption)
Name of Item Godown Qty Rate Amount
Assembly
Seats 1000 300 3,00,000
Godown
Assembly
Frames 1000 500 5,00,000
Godown
Assembly
Breaks 1000 700 7,00,000
Godown
Assembly
Handle Bar 1000 800 8,00,000
Godown
Assembly
Wheels 1000 400 4,00,000
Godown
Assembly
Tyres 1000 550 5,50,000
Godown
Assembly
Chain 1000 450 4,50,000
Godown
Assembly
Pedals 1000 350 3,50,000
Godown
Assembly
Crank Set 1000 650 6,50,000
Godown
9000Nos 47,00,000
Cost of Components
Type of Additional Cost Percentage
Transport Charges 2% 94,000
Labour Charges 2.50% 1,17,500
Electricity Charges 1% 47,000
Staff Salary 5% 2,35,000
Telephone Charges 0.25% 11,750

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 VCC VISUAL COMPUTER CENTRE 9940553503

Rent 2.20% 1,03,400

CGST@ 9% 4,23,000
SGST@ 9% 4,23,000
Total Additional Cost 14,54,650
Effective Rate of Primary Items 6,154.65/Nos
Save

 Back to Gateway of Tally

 Display
 Inventory book
 Godown (or) Location
 Check Stock items on Assembly Godown, Finished Godown, Main Location

 Back to Gateway of Tally

 Voucher
 Voucher Type – Alt + F7
 Name – Stock Journal – Enter

Stock Journal No.2

Transfer of Materials
Source(Consumption) Destination(Production)
Name Name
Godown Qty Rate Amount Godown Qty Rate Amount
of item of item
Hero Assembly Assembly
1000 6142.90 61,42,900 Seats 1000 300 3,00,000
Cycle Godown Godown
9000 4700000 9000 4700000
Save

Output:
 Check all 3 Godown Stock items

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VCC VISUAL COMPUTER CENTRE 9940553503

82. How to create Quotation in Tally Prime?

Answer:
 Create Company
 Company Name : Visual Enterprises
 State : Tamilnadu
 Financial Year : 1.4.2023
 Enable GST : Yes
 GST No. : 33ASDFG1248T66F
 Save : Ctrl + A
 Back to Gateway of Tally
 Create
 Stock Group
Stock Group Creation
Name Under Should quantities of item be added
Television Primary Yes
Save
 Back to list of Masters
 Unit
Unit Creation
Type Symbol Formal Name UQC Decimal Value
Simple Nos Numbers Nos – Numbers 0
Save
 Back to list of Masters
 Stock item
Stock Items Creation
Name Sony 55 Inch TV
Under Television
Unit Nos
GST Applicable Application
Set/Alter GST Details Yes
Description Television
HSN/SAC 85287219
Calculation Type On value
Taxability Taxable
Integrated Tax 12%
Central Tax 6%
State Tax 6%
Cess 0
Type of Supply Goods
Save
 Back to Gateway of Tally
 Vouchers
 Voucher Type
 Name – Sales Quotation
 Select type of voucher - Sales Order

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VCC VISUAL COMPUTER CENTRE 9940553503

 Activate this voucher type – Yes

 Method of voucher numbering – Automatic
 Make this voucher type as “optional” by default – Yes
 Save
 Back to Gateway of Tally
 Voucher
 Other Voucher - F10
 Sales Quotation – Ctrl + F8
Sales Quotation No.01
Date 1.5.2023
Party’s A/C Name Alt + C
Name Sathya Electronics
Under Sundry Debtors
Maintain Balance bill by bill Yes
Address No.99, 3rd Street, Purasaiwakkam, Chennai-74.
State Tamilnadu
GST No. 33ASDHM1478T96H
Save
Sales Order No. 1
Enter
Sales Ledger Alt + C
Name Cash Sales
Under Sales Account
Type of Supply Goods
Save
Name of Item Quantity Rate/per Amount
Sony 55 Inch TV 5 52,990 2,64,950.00
2,64,950.00
Alt + C CGST 6% 15,897.00
Alt + C SGST 6% 15,897.00
Grand Total 5 Nos 2,96,744.00
New Ref. Bill No.SE001 - Save

 Back to Gateway of Tally

 Display More Reports
 Exception Reports
 Optional Vouchers
 Change Period – Alt + F2
 From - 1.5.2023
 To - 31.5.2023
 Select Sales Quotation Voucher
 Enter
 Ctrl + P
 Preview

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