EXERCISE NO: 1 CREATION & ALTERATION OF COMPANY

Create a company and alter the company using the tally features such as VAT, Tally Vault
Password and Security Control

Department of Commerce BPS & BI ,, Sri Krishna Arts and Science College P a g e|1
EXERCISE NO: 1 CREATION & ALTERATION OF COMPANY

AIM:

To create a new company by using Tally Prime.

ALGORITHM:

STEP: 1- To start with tally select start -> program -> Tally Prime

STEP: 2- To create a company, in Gateway of Tally press ctrl+F3.The company information

window will appear, in that window select create company.

STEP: 3- In the company creation window, type the name, mailing name and address of the
company.

STEP: 4- In the next set fill up the statutory complaints for the State, Pin Code,
Telephone No.

STEP: 5- Enter the type in which account is prepared whether with account or accounts with
inventory.

STEP: 6- After finishing all those data for the financial year must be stated.

STEP: 7- To maintain secret accounts tally would ask for vault password to fender the data
and usually by third person without authority.

STEP: 8- After that, it checks for the basic currency information like currency symbol, formal
name and other accounts details to be specified.

STEP: 9- After giving all the details give “Yes” to accept or “No” to do further connections.
Now the company is created.

STEP: 10- To alter the company info, in company information window select alter.

STEP: 11- After that, select the company you want to alter, company creation window appears.
Make all necessary alterations and give “Yes” to accept.

STEP: 12-Now, the Company is created.

RESULT:

The company has been created and altered successfully using tally prime.

Department of Commerce BPS & BI ,, Sri Krishna Arts and Science College P a g e|2
OUTPUT:

Department of Commerce BPS & BI Sri Krishna Arts and Science College P a ge |3
 EXERCISE NO: 2 LEDGER CREATION AND TRIAL BALANCE

Prepare ledger entries using single and multiple ledgers:

1.4.2021- Commenced business with capital Rs.100000
5.4.2021- Purchased furniture for Rs.50000
10.4.2021- Purchased goods for cash Rs.25000.
15.4.2021- Cash paid into bank Rs.25000
20.4.2021- Sold goods on cash Rs.1500
25.4.2021- Sold goods to Mr. A Rs.1000
30.4.2021- Purchased stationery Rs.500

Department of Commerce BPS & BI Sri Krishna Arts and Science College P a ge |4
 EXERCISE NO: 2 LEDGER CREATION AND TRIAL BALANCE

AIM:
To create a single and multiple Ledger using Tally Prime.

1. SINGLE LEDGER
ALGORITHM :

STEP: 1- To start with Tally select start->program->Tally Prime.

STEP: 2- Go to gateway of tally and choose Account’s info.

STEP: 3- Under account info, choose the option ledger.

STEP:4- In the ledger screen, select the option create single ledger or use the keyword “C”.

STEP: 5- On the ledger screen, give the details as Name, Group name from list of groups and
give Accept „Yes „.

STEP: 6- To view the created ledger go to Accounts info->ledger->Display or use the

keyword „D‟.

STEP: 7- So, Now the single ledger creation is displayed on the screen.

Department of Commerce BPS & BI Sri Krishna Arts and Science College P a ge |5
OUTPUT:

Department of Commerce & BI, Sri Krishna Arts and Science College P a ge |6
2. MULTIPLE LEDGER

ALGORITHM:

STEP: 1- Go to Gateway to Tally and choose the Accounts info.

STEP: 2- Choose the option ledger under Account info.

STEP: 3- Under ledger, select Create or keyword “C”, Under multiple ledger

STEP: 4- Now, in the multiple ledger creation, give the details under the list of groups like “All
Items”. We can also search the group by entering the group name under list of groups.

STEP: 5- Give the name of ledger that you need to give and under group field can also be created,
and amount in particular column.

STEP: 6- After entering all the followings give Accept -> “YES “Automatically your ledger will
be created.

STEP: 7- To view your ledger Go to->Account info->ledgers->Display under multiple ledgers.

STEP: 8- Your multiple ledger creation is displayed on the screen.

RESULT:

The single and multiple ledgers have been created and altered successfully using Tally Prime

Department of Commerce & BI, Sri Krishna Arts and Science College P a ge |7
OUTPUT:

Department of Commerce BPS & BI, Sri Krishna Arts and Science College P a ge |8
EXERCISE NO: 3 PREPARATION OF FINAL ACCOUNTS

Prepare final accounts of Mr Raju as on 31.3.22

Purchases-70000 cash in hand-1000
Sales return-5000 plant and machinery-50000
Opening stock- 20000 sundry debtors-60000
Discount allowed-2000 cash at bank-7000
Bank charges-500 capital-56000
Salary-4500 sales-150000
Wages-5000 purchase return-4000
Freight inwards-4000 discount received-1000
Freight outwards-1000 sundry creditors-30000
Rent and taxes-5000
Advertising-6000

Adjustments:
a) Outstanding salary-5000
b) Prepaid rent-5000
c) Outstanding wages-5000
d) Closing stock-25000

Department of Commerce BPS & BI, Sri Krishna Arts and Science College P a ge |9
 EXERCISE NO: 3 PREPARATION OF FINAL ACCOUNTS

AIM:
To create Final Accounts of the company using Tally Prime.

ALGORITHM:

Step 1: To start with Tally select start -> program -> Tally Prime.
Step 2: Create a company, in Gateway of Tally or press ALT+F3. The Company info window
appears, in that select create company.
Step 3: Give the details and create a company by giving Accept -> YES, after the details has
been entered.
Step 4: Now, create a ledger for a company by selecting Account’s info under Gateway of
Tally, under account info click the ledger option.
Step 5: On the ledger screen, give the details as Name of ledger, under and Opening balance, give
yes to accept. Your ledger has been created.
Step 6: Now, create a Voucher creation by selecting Accounting vouchers under Transaction in
Gateway of Tally.
Step 7: Create voucher for Journal or give shortcut key as F7.Now enter all the particulars
and its Debit and Credit, give yes to accept.
Step 8: Now, Alter the single ledger, give closing balance for stock.
Step 9: All the transactions has been completed for Final Accounts.
Step 10: To view the balance sheet of a company, go to Gateway of Tally -> Reports -> balance
sheet.
Step 11: To view the balance sheet of a company, go to Gateway of Tally -> Reports -> Profit
and loss.

RESULT:

The Final Accounts for a company have been created successfully using Tally Prime.

Department of Commerce BPS & BI, Sri Krishna Arts and Science College P a g e | 10
OUTPUT:

Department of Commerce BPS & BI, Sri Krishna Arts and Science College P a g e | 11
 EXERCISE NO: 4 CREATION OF STOCK MAINTENANCE

STOCK GROUPS:
a) Furniture
b) Home appliances

STOCK ITEMS:

A) FURNITURE
S.NO ITEMS UNIT RATE AMOUNT

1 WOOD 100 50 5000

2 TABLE 10 5000 50000

3 CHAIRS 25 1500 37500

4 SHELVES 30 500 15000

5 SOFA 10 50000 500000

B) HOME APPLIANCES

1 HOME THEATRE 10 9000 90000

2 BLENDER 12 2500 30000

3 MIXIES 12 2200 26400

4 CHOPPER 12 1500 18000

5 GRINDER 12 5000 60000

Location: Godowns: Furniture- Chennai,

Home Appliances- Bangalore

Department of Commerce BPS & BI, Sri Krishna Arts and Science College P a g e | 12
 EXERCISE NO: 4 CREATION OF STOCK MAINTENANCE:

AIM:

To creation of Stock Maintenance using Tally Prime.

ALGORITHM:

Step 1: To start with Tally select start -> program ->Tally Prime.

Step 2: Before creation of stock Maintenance create a company and press yes to accept.

Step 3: Now, go to Gateway of Tally in that select Inventory info -> stock Groups-> Single stock
Group -> Create, to create a stock group.

Step 4: Stock group window appears, enter some details like Name, Under, and give yes to accept.

Step 5: Now, go to Gateway of Tally -> Inventory info-> Units of measure -> Create, to give the
Numbers and quantity

Step 6: Unit creation window appears, enter the details like Type, symbol as NOS formal name as
number and give yes to accept.

Step 7: Again, go to Gateway of Tally -> Inventory info-> stock item-> single stock group->
Create, to create an opening balance for a particular product, after giving select yes to accept.

Step 8: To check the summary or result go to Gateway of Tally -> Reports -> Stock summary,
your result of has been viewed.

RESULT:

The stock Maintenance of company has been created successfully using tally prime.

Department of Commerce BPS & BI, Sri Krishna Arts and Science College P a g e | 13
OUTPUT :

Department of Commerce BPS & BI, Sri Krishna Arts and Science College P a g e | 14
 EXERCISE NO: 5 CASH LESS TRANSACTIONS

Prepare cash less transaction through bank transaction by passing and receiving of cheques:

January 1 – Paid salaries by cheque – Rs.6000

January 3 – Received commission- Rs.700
January 10 – Paid stationery by cheque – Rs. 2000
January 11 – Paid into bank by cheque – Rs. 10000
January 15 – Received cash from Mr. B – Rs.3000
January 18 – Paid Mr. A by cheque – Rs.5000
January 20 – Paid rent and taxes by Cheque – Rs.1000
January 25 – Received Interest – Rs.5000
January 27 – Received rent – Rs.1200
January 30 – Paid for advertisement – Rs.800

Create a company and use ledger entries.

Department of Commerce BPS & BI, Sri Krishna Arts and Science College P a g e | 15
 EXERCISE NO: 5 CASH LESS TRANSACTIONS

AIM:
To create a cash less transactions by using Tally Prime.

ALGORITHM:
STEP 1: To start with tally ERP 9 select start -> program ->Tally Prime.

STEP 2: Create a new company by giving create company under the Gateway of Tally. Give a
name, address for your company.

STEP 3: After creating a company, create MULTIPLE LEDGER for all items given without
giving any amount (including contra entry).

STEP 4: Now, create a voucher by clicking Accounting Voucher under gateway of tally.

STEP 5: First create all the payment vouchers by giving Shortcut key as F5 for payment by
omitting all the cash transactions.

STEP 6: Now, create all the Receipt vouchers by giving Shortcut key as F6 for Receipt by
omitting all the cash transactions.

STEP 7: Create contra entry for the transactions by giving F4for contra voucher.

STEP 8: Now, create payment voucher for all the cash transactions by giving F5 shortcut

key. STEP 9: Then, create Receipt voucher for all the cash transactions by giving F6 shortcut

key. STEP 10: After giving all those vouchers check the result.

STEP 11: To check the result go to Gateway of Tally->Display->Accounts Book->Cash/Bank

book(s).

STEP 12: To view only the cash result click cash in hand or to view the bank results click the
bank accounts, you result will be displayed.

RESULT :
The cashless transactions has been created successfully using Tally Prime

Department of Commerce BPS & BI, Sri Krishna Arts and Science College P a g e | 16
OUTPUT :

Department of Commerce BPS & BI, Sri Krishna Arts and Science College P a g e | 17
 EXERCISE NO: 6 BANK RECONCILIATION STATEMENT

The Bank statement for the month of April is as follows

DATE PARTICULARS REFERENCE Dr Cr BALANCE

01.4.2021 Balance b/d 3,00,000
03.4.2021 Airtel 25131 2,000 2,98,000
04.4.2021 Interest 370 2,98,370

06.4.2021 Salary 25132 10,000 2,88,370

07.4.2021 Cash 10,000 2,98,370

08.4.2021 Dividend 13555 29,000 3,27,370

09.4.2021 EB Charges 25133 2,500 3,24,870

13.4.2021 Rent 25134 4,000 3,20,870

15.4.2021 Cash 10,000 3,30,870

Closing Balance 3,30,870

Department of Commerce BPS & BI, Sri Krishna Arts and Science College P a g e | 18
EXERCISE NO: 6 BANK RECONCILIATION STATEMENT

AIM:
To create Bank Reconciliation Statement using Tally Prime.

ALGORITHM:

STEP 1: To start with tally go to start-> program-> Tally Prime.

STEP 2: Create a company by giving the Company Name and Address.

STEP 3: While creating the company activate the BRS option and set the inventory and
taxation option as “NO” and accept the company.

STEP 4: To create the ledger, go to gateway of tally and select ledger from accounting info.

STEP 5: While entering the opening balance, give the amount in the ledger and accept the
transaction.

STEP 6: Open the other ledger such as airtel, interest received, salary, dividend received, EB
charges and rent.

STEP 7: Go to gateway of tally, choose the voucher option and enter the amount for all the
created ledgers.

STEP 8: Go to gateway of tally, choose display more reports – accounts book – cash/bank books.

STEP 9: To see the result, click the reconcile option on the right side of the window.

RESULT :

The Bank Reconciliation Statement has been created successfully using Tally Prime.

Department of Commerce BPS & BI, Sri Krishna Arts and Science College P a g e | 19
OUTPUT:

Department of Commerce BPS & BI, Sri Krishna Arts and Science College P a g e | 20
 EXERCISE NO: 7 CREATION OF EXPIRY FOR GOODS

Prepare statement of expiry date for the following:

1. FMCG
2. MEDICINE
Manufactured date- 1.4.2020
Expiry Period – 3 Years

FMCG:
PARTICULARS UNIT RATE AMOUNT
1. Cakes 100 50 5000
2. Cookies 10 25 250
3. Lays 100 20 2000
4. Coke 100 30 3000
5. Dove 150 30 4500

MEDICINE:
PARTICULARS UNIT RATE AMOUNT
1.Dolo 150 10 1500
2.Crocin 50 5 250
3.Strepstils 50 2 100
4.Vicks 100 20 2000
5.Duolin 100 30 3000

Godown:
FMCG- Coimbatore
Medicine - Bangalore

Department of Commerce BPS & BI, Sri Krishna Arts and Science College P a g e | 21
EXERCISE NO:7 CREATION OF EXPIRY FOR GOODS

AIM:

To create an expired goods using Tally Prime.

ALGORITHM:
STEP 1: To start with tally go to start-> program-> Tally Prime.

STEP 2: Create a company by giving the Company Name and Address.

STEP 3: Go to F11 features -> F2 Inventory features in that under storage and classification give
YES for,
1. Maintain multiple go-downs
2. Maintain batch-wise details
3. Set expiry dates for batches

STEP 4: Now, go to INVENTORY INFO and Create units of measure by giving symbol as Nos,
formal name as numbers.

STEP 5: Create stock groups for the products by giving Inventory info->stock groups->single
stock group->create.

STEP 6: Create a go-down for two places by giving Go-downs->single go-down->create.

STEP 7: Now, create a stock items by giving stock item->single stock item->create.

STEP 8: Creation of Stock item screen appears, in that give name as product name, under as
stock group, units as nos.

STEP 9: Give YES for,

1. Maintain in batches
2. Track date of Mfg
3. Use expiry dates, IN STOCK ITEMS.

Department of Commerce BPS & BI, Sri Krishna Arts and Science College P a g e | 22
 STEP 10: Now give the quantity, select go-downs, batches, dates, rate per unit.

STEP 11: After creating stock item for all the products check the result.

STEP 12: To check the result go to Gateway of Tally->Statement of Inventory->Ageing

Analysis and your result will be displayed.

RESULT:
The creation of expired goods has been completed successfully using tally prime.

Department of Commerce BPS & BI, Sri Krishna Arts and Science College P a g e | 23
OUTPUT:

Department of Commerce BPS & BI Sri Krishna Arts and Science College P a g e | 24
 EXERCISE NO: 8 BILL WISE STATEMENT

Bills Payable & Bills Receivable

Preparation of Bill wise statement for the following transactions in the books of X ltd for the year
ended 31.03.2022.

The following stock item as on 1st April 2022.

Items Units Per unit
Kid’s wear 750 1500
Men’s wear 250 700
Saree 1000 500
Chudi 300 950

Credit purchase from Anjali collections.

Items Units Per unit
Chudi 250 1000
Kid’s wear 50 90

Credit sales made to Venkatesh.

Items Units Per unit
Saree 250 700
Chudi 400 1800

Credit purchase from Shree Devi textile.

Items Units Per unit
Saree 300 550
Men’s wear 100 1000

Credit sale made to Anand.

Items Units Per unit
Kid’s wear 300 950
Men’s wear 250 1200

Department of Commerce BPS & BI Sri Krishna Arts and Science College P a g e | 25
 1. Credit period allowed for suppliers for 30 days.
2. Credit period allowed to customers for 30 days.
3. Payment to Anjali collection Rs 17500.
4. Payment to Shree Devi textile Rs 75000.
5. Cash received from venkateshRs 50000.
6. Cash received from AnandRs 98000.

The following expenses were incurred,

Particulars Rs
Rent 2500
Salaries 80000
Wages 50000

Department of Commerce BPS & BI Sri Krishna Arts and Science College P a g e | 26
 EXERCISE NO: 8 BILL WISE STATEMENT
AIM:
To create a Bill Wise Statements using Tally Prime.

ALGORITHM:

STEP 1: To start with Tally Go to start->Programs->Tally Prime.

STEP 2: Open the gateway of tally and create a company

STEP 3: To change the inventory features from gateway of tally. Select inventory features
and change “YES‟ for storage and classification and accept the inventory feature.

STEP 4: To create inventory details, go to gateway of tally and click

inventory info.

STEP 5: In inventory info window, complete the required field like unit of measure, stock
group, godown or location and stock item as usual.

STEP 6: Now to create ledger, go to gateway of tally select create and click ledger and
create and the necessary ledgers as per the requirements.

STEP 7: To create voucher, go to gateway of tally and click voucher option. Create
payment, receipt, purchase and sales voucher and enter the values.

STEP 8: To display the output, go to display more reports in gateway of tally. Select
statement of accounts – outstanding – receivables – payables.

STEP 9: To see the final accounts and stock summary go to gateway of tally, select stock
summary, profit and loss a/c and balance sheet.

RESULT :

The Bill Wise Statement has been created successfully using Tally Prime.

Department of Commerce BPS & BI Sri Krishna Arts and Science College P a g e | 27
OUTPUT:

Department of Commerce BPS & BI Sri Krishna Arts and Science College P a g e | 28
 EXERCISE NO: 9 BUDGET AND CONTROL MANAGEMENT

Creation of Budget for November Month:

Particulars Amount
Sales Rs 2,00,000
Expenses Rs 50,000
As on 1st Nov, the Bay traders Purchased the following goods from Geetha Traders on credit and
agreed to pay within 30 days from the date of purchases, with the invoice no: GT/01
Item Qty Price
Basmati 455 (W) 1000 Kgs 150/ Kg
Basmati 455 (B) 1200 Kgs 160/ Kg
Wholewheat 1500 Kgs 90/ Kg
Multigrain 2000 Kgs 80/ Kg
Dehradooni 1000 Kgs 200/kg

As on 1st Nov, the bay traders sold the following goods to Hathi's Traders on credit and agreed to
pay within 30 days from the date of sales, with the invoice no: HT/01.
Date Item Qty Price
1st Nov Basmati 455 (W) 200 Kgs 150/ Kg
1st Nov Basmati 455 (B) 200 Kgs 160/ Kg
1st Nov Wholewheat 500 Kgs 90/ Kg
1st Nov Multigrain 500 Kgs 80/ Kg

As on 3rd Nov, the Hathi‟s Traders made a payment to the bay traders against the sales made Rs
1,47,000. The payment is made through cheque.
As on 5th Nov, the bay traders sold the goods to the Kesari traders on credit with the Ref No:
KT/01.
Date Item Qty Price
5th Nov Dehradooni 250 Kgs 200/ Kg
5th Nov Wholewheat 250 Kgs 90/ Kg
5th Nov Multigrain 1000 Kgs 80/ Kg

As on 7th Nov, the bay traders received Rs 1,52,500 from Kesari traders through cheque.
As on 10th Nov, the Advertise Expense Rs 30,000 has been made through cheque.

Department of Commerce BPS & BI Sri Krishna Arts and Science College P a g e | 29
EXERCISE NO: 9 BUDGET AND CONTROL MANAGEMNET

AIM:
To prepare the budget and control management using Tally Prime.

ALGORITHM:

STEP 1: To start with Tally Select-> Start ->Tally Prime.

STEP 2: To create a company and enter all necessary details.

STEP 3: Create the ledger Canara Bank and cash and give the opening balance and accept it.

STEP 4: Create the other subsidiary ledger such as salary rent, electricity bill and
conveyance.

STEP 5: Go to gateway of tally, click create -> budget and enter the name of budget “office
budget” and show date as “April 2023 to May 2023”.

STEP 6: Open the ledger and enter the closing balance amount and accept the ledger.

STEP 7: Go to gateway of tally, click voucher – change mode – as voucher – dialogue box
will be displayed.
STEP 8: In the dialogue choose the payment option and enter the relevant details of salary,
rent, electricity bill and conveyance.

STEP 9: As per the respective day of transaction enter the details of salary, rent, electricity
bill and conveyance.

STEP 10: To view the report, go to gateway of tally, choose display more reports – trial
balance – budget variances.

STEP 11: From that budget variances, click the office button option the result will be
displayed.

RESULT:

The Budget has prepared and executed successfully using Tally Prime.

Department of Commerce BPS & BI Sri Krishna Arts and Science College P a g e | 30
OUTPUT :

Department of Commerce BPS & BI Sri Krishna Arts and Science College P a g e | 31
 EXERCISE NO: 10 PAYROLL STATEMENT

Create payroll information for the following employees with the available details using Tally Prime.

Employee Details

Name S.Nishanth P.Rathika

Department Administrative Sales

Designation Manager Sales Manager

Date of Joining 01.08.2003 01.06.2012

Employee ID 258 1087

Bank Name HDFC Bank Ltd. HDFC Bank Ltd.

Account Number 1234567890 9876543210

Present days 24 days 29 days

Employee Salary Details

S.Nishanth P.Rathika

Basic Pay Rs.35,000 Basic Pay Rs.20,000

DA 40% of Basic Pay DA 20% of Basic Pay

TA 6% of Basic Pay TA 5% of Basic Pay

Medical Allowance Rs.1,000 per month Medical Allowance Rs.600 per month

Advance Rs.1,500 per month Food allowance Rs.700 per month

Food allowance Rs.1,300 per month House Rent Allowance 8.5% of Basic Pay

House Rent Allowance 15% of Basic Pay Provident Fund 7% of Basic Pay +
DA

Provident Fund 10% of Basic Pay + DA Income tax 10% of DA

Income tax 15% of DA Public Provident Fund 6.5% of Basic Pay

House loan Rs.700 per month City Compensatory Allowance 15% of Basic Pay

Overtime at Rs.50 per 10 hours Overtime at Rs.75 per hour 8 hours

hour

Department of Commerce BPS & BI Sri Krishna Arts and Science College P a g e | 32
EXERCISE NO: 10 PAYROLL STATEMENT

AIM:

To create Payroll Statement using Tally Prime.

ALGORITHM:
STEP 1: To start with tally go to Start->Program->Tally Prime.
STEP 2: Create a company and go to F11 features->Accounting features give YES to,
1. Maintain payroll?
2. Maintain cost centers?
3. Use cost center for job costing?

4. More than ONE payroll/cost category?

5. Use pre-defined cost center allocations in transactions?
6. Show opening balance for revenue items in report?
STEP 3: Go to gateway of tally->payroll info->employee groups->single group->create and
create employee group as Marketing, finance, and Accounting department as given.
STEP 4: Now go to Employee->single employee->create and create the employee details.
STEP 5: After giving the employee details go to PAY HEADS under payroll info and create
all the earnings and deductions from the employees.
STEP 6: Now go to Gateway of tally->payroll vouchers and create a voucher for all the
employees.
STEP 7: Payroll voucher screen appears, give account as cash, and select name under list of
employees and give all the earnings and deductions made by/to a particular Employees.
STEP 8: After entering all the vouchers go to result.
STEP 9: To check the results go to GATEWAY OF TALLY->Display->Payroll reports- >
Statement of payroll->Pay sheet and you result will be displayed.

RESULT:

The Payroll Statement has been created successfully using Tally Prime.

Department of Commerce BPS & BI Sri Krishna Arts and Science College P a g e | 33
OUTPUT:

Department of Commerce BPS & BI Sri Krishna Arts and Science College P a g e | 34
 EXERCISE NO: 11 GENERATE GSTR REPORT 1 & 2

Prepare GST Report using Tally Prime

April 1- Mr. Akash Managing director of Akash Electronics invested and started a business with cash Rs
10,00,000.
April 1 – Open a bank account and deposited Rs 7,00,000 in HDFC Bank.
April 3 Purchased the following stock items from the following traders on credit and agreed to pay the
amount within 30 days from the date of purchase.
Intrastate Purchase: Aravind Enterprises
R.M Tech Park, Bengaluru,
Karnataka – 560105.
GSTIN : 29AAICS1406R1ZT

Name of the Item Qty Rate Amount

Samsung 32 Smart TV 5 16,000 80,000
Sony 32 Smart TV 5 15,000 75,000

Interstate Purchase: Sun Enterprises

Vasanth Nagar, Coimbatore,
TamilNadu - 641044
GSTIN - 33AADCS0472N1Z9

Name of the Item Qty Rate Amount

MI 32 Smart TV 10 15,000 15,00,000
Oneplus Smart TV 10 15,000 15,00,000

April 7 Akash electronics sold the following goods to the following traders.

Intrastate Sales: Nanda Enterprises

Prestige towers, K.M Cariappa Rd,
Bengaluru, Karnataka - 560025,
GSTIN - 29AAICS2717D1ZE

Department of Commerce BPS & BI Sri Krishna Arts and Science College P a g e | 35
 Name of the Item Qty Rate Amount
Samsung 32 Smart TV 2 17,000 34,000
Sony 32 Smart TV 2 16,000 32,000

Interstate Sales: Glory Electronics

Ramnagar Extension.
Anantapur Andhra Pradesh - 515004
GSTIN - 37AAICS2717D2ZG

Name of the Item Qty Rate Amount

MI 32 Smart TV 2 16,000 32,000
Oneplus 32 Smart TV 2 16,000 32,000

Department of Commerce BPS & BI Sri Krishna Arts and Science College P a g e | 36
EXERCISE NO: 11 GENERATE GSTR REPORT 1 & 2

AIM:
To generate a report on GSTR 1 & 2 in Tally Prime
ALGORITHM:

STEP 1: To start with tally select start Tally Prime.

STEP 2: To create a company select Alt+F3 and enter required details and create a company.

STEP 3: To enable GST details, press F11, the Accounting features screen will appear, in
that screen statutory and taxation, make the changes in GST details and press Ctrl+A to save.

STEP 4: To create inventory, select inventory info stock group create and enters the stock
items and units of measure.

STEP 5: If you want to give the godown details press F11 in inventory features enable the
Godown features and press Ctrl+A.

STEP 6: Create ledger for the given items including CGST, SGST and give the percentage
of calculation according to the product type.

STEP 7: To create a voucher go to the gate way of tally and select accounting voucher.

STEP 8: Create sales voucher by clicking F8, and purchase voucher F9, Central and state
tax would be automatically calculated after the sales and purchase entries and select accept.

STEP 9: To View the results go back to the gate way of tally display statutory report
GST GSTR 1(sales) and GSTR 2(purchases).

RESULT:

Thus GSTR 1 & 2 generated successfully using Tally Prime.

Department of Commerce BPS & BI Sri Krishna Arts and Science College P a g e | 37
OUTPUT:

Department of Commerce BPS & BI, Sri Krishna Arts and Science College P a g e | 38
EXERCISE NO: 12 TDS REPORT

PREPARATION OF TDS REPORT

DATE PARTICULARS
30th July 2017 Global motors is liable to pay rent of Rs 2000000 for office space (Building) to Sai
Agencies, since the liable amount exceeds the exemption limit, the company decided to
deduct TDS on the same bill.
30th July 2017 Made a payment on remaining amount of Rs180000 to Sai Agencies vide cheque number
000001 dated 30th July 2017.
30th July 2017 Global motors booked rental expenses of Rs190000, on furniture against Sai Agency.
Since the Rent on Machinery expenses is Rs190000 TDS must be deducted while
booking the expenses.
30th July 2017 Made a payment of remaining amount of Rs 171000 to Sai Agencies vide cheque number
000002 dated 30th July 2017.
30th July 2017 Global motors incurred commission expenses of Rs120000 for services taken from a
Business consultancy.
30th July 2017 Made a payment of remaining amount of Rs 114000 to Sai Agencies vide cheque No
000003 dated 30th July 2017.
30th August Global motors incurred Commission expenses of Rs 140000 for services taken from a
2017 Business Consultancy.

Department of Commerce BPS & BI, Sri Krishna Arts and Science College P a g e | 39
 EXERCISE NO: 12 TDS REPORT

AIM:
To generate Tax deducted at source report in Tally Prime.

ALGORITHM:

STEP 1: To start with tally select start Tally Prime.

STEP 2: To create a company select Alt+F3 and enter required details and create a
company.

STEP 3: To enable TDS details in gate way of tally press F11, Tally features screen will
appear, in that screen select statutory & taxation field and enable all the TDS details and
press Ctrl+A to save.

STEP 4: Go back to the Gateway of Tally ->Account‟s info, statutory info. TDS nature of
payments create.

STEP 5: Create TDS at group level, go to Gateway of Tally Account‟s info `groups create
TDS group and enter all the required details.

STEP 6: To create ledger go to Gateway of Tally Account‟s info ledger create and enter
the following TDS ledger details.

STEP 7: To create vouchers go to Gateway of Tally accounting vouchers select the

required vouchers and enter the required details.

STEP 8: To view the result go to Gateway of Tally Display-> statutory Report TDS report
form 26.

RESULT:
The Tax deducted at source report generated successfully using Tally Prime.

Department of Commerce BPS & BI, Sri Krishna Arts and Science College P a g e | 40
OUTPUT:

Department of Commerce BPS & BI, Sri Krishna Arts and Science College P a g e | 41