ANUPAMA TYPE WRITING & COMPUTER INSTITUTE

(Recog. by the Govt. of Telangana) (Recog. By the state board of Technical Education & Training)

MULTI CURRENCY
PAYROLLS
GST
(GOODS AND SERVICE TAX)
Tally ERP 9

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Multi Currency in Tally.ERP 9:

 Many Organizations have transactions in more than one currency. Such

transactions have to be recorded either in the base (home) currency or in
the foreign currency. If the transactions are recorded in home currency, the
rate at which the foreign currency is exchanged should be recorded as well.
At times you need to record the transaction in the foreign currency itself
when you maintain the balance of the concerned account in foreign
currency.
 Tally.ERP 9 uses the term base currency for the currency in which your
account books are kept. Foreign Exchange is used interchangeably with
foreign currency. Tally.ERP 9 makes it easy to manage multiple currencies,
automatic calculations of exchange rates, automatic conversion of any
currency used to record a transaction to the currency of the account, etc.

Enable Multi-currency
At times you need to record the transaction in the foreign currency itself when
you maintain the balance of the concerned account in foreign currency. You can
create multiple currencies as per your business needs. Enable the Multi-
Currency feature to view and enter transactions in multiple currencies.
1. Go to Gateway of Tally .
2. Click F11:Features > F11: Accounting Features.
3. Set the option Enable multi-currency to Yes
4. Press Ctrl+A to save.
Create a Currency
You can create a currency and use it as your base or foreign currency. You can
set preferences like currency symbol and decimal places accordingly when
creating or a altering a currency.
1. Go to Gateway of Tally > Accounts Info. > Currencies > Create .
Rates of Exchange for Currency
Go to Gateway of Tally > Accounts Info > Currencies > Rates of Exchange .

MULTI CURRENCY
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 (Problem No. 1)

 To create MULTI CURRENCY Press F11 and allow “yes” to enable multi currency

1-4-2017 Lalitha invested cash into the business with Rs. 15,00,000

5-4-2017 Purchased following books by cash from USA

10 ERP Books @ 30$

10 SAP Books @ 25$

10 Tally Books @ 21$

9-4-2017 Paid to Transport Charges with Rs. 5,000 by Cash

11-4-2017 Paid Advertisement with Rs. 2,000 by cash

15-4-2017 Sold following books by cash

10 ERP Books @ Rs. 3600

10 SAP Books @Rs. 3300

10 Tally Books @ Rs. 2700

18-4-2017 Paid Rent with Rs. 6000 by cash

Note : 1 Dollor = Rs.78

Answer : Balance Sheet : 15,23,720

Gross Profit : 36,720
Net Profit : 23,720
Trial Balance : 15,96,000

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 MULTI CURRENCY
(Problem No. 2)

 To create MULTI CURRENCY Press F11 and allow “yes” to enable multi currency

1-4-2018 Rekha invested cash into the Business with Rs. 36,00,000

5-4-2018 purchased following Goods by cash

20 Sony Laptops @ 1500 Dirham’s

20 Hp Laptops @ 1200 Dirham’s
20 Dell Laptops @1300 Dirham’s

9-4-2018 paid to Transport Charges with Rs.10,000 by cash

11-4-2018 paid to Advertisement with Rs. 8500 by cash

15-4-2018 paid to Stationary with Rs. 8500 by cash

18-4-2018 Sold following Goods by cash

15 sony Laptops @ Rs. 35000

15 Hp Laptops @ Rs. 32000
15 Dell Laptops @ Rs. 33000

21-4-2018 paid to Rent with Rs. 20,000 by cash

27-4-2018 paid to Salaries with Rs. 25,000 by cash

Note : 1 Dirham’s = Rs. 19

Answer:
Balance Sheet : 38,88,000
Gross profit : 3,50,000
Net profit : 2,88,000
Trial Balance : 51,00,000

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 MULTI CURRENCY
(Problem No. 3)

 To create MULTI CURRENCY Press F11 and allow “yes” to enable multi currency

1-4-2015 Ajay (USA) invested cash into the Business with 900 Dollars

Shekar ( Italy) invested cash into the Business with 1800 Euros

Dinesh (London ) invested cash into the Business with 1000 pounds

2-4-2015 Cash Deposited into SBI Bank with 150 pounds

5-4-2015 Purchased Furniture with Rs. 13000 by cash

9-4-2015 Received Donation with 170 Dollars

11-4-2015 paid to power Bill 5 Euros

15-4-2015 paid to Office Expenses 30 Euros

18-4-2015 paid to Salaries 90 Euros

21-4-2015 Cash withdraw from the SBI Bank with Rs. 10,000

25-4-2015 paid to Wipro Ltd. 190 Dollars

27-4-2015 Received Commission 120 Euros

29-4-2015 Received from Wipro Ltd. 50% Dollars.\

Note: 1 Dollar = Rs.78

1 pound = Rs. 84
1 Euro = Rs. 71
Answer:

Balance Sheet : 2,94,905

Net profit : 12,905
Trial Balance : 3,03,780

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 MULTI CURRENCY
(Problem No. 4)

 To create MULTI CURRENCY Press F11 and allow “yes” to enable multi currency

1-4-2016 Avinash (USA) invested cash into the Business with 850 Dollars

Sravani (Japan) invested cash into the Business with 80000 Yens

Manjo ( London) invested cash into the Business with 900 pounds

2-4-2016 Cash Deposited into Andhra Bank with Rs.18000

5-4-2016 Purchased Mobile with Rs.25000

9-4-2016 Interest Received with 270 Dollars

11-4-2016 Paid to Internet Bill 600 yens

15-4-2016 Office Income 230 Pounds

18-4-2016 Paid to salaries 90 Dollars

21-4- 2016 Cash withdraw from the Andhra Bank with 10,000 yens

25-4-2016 Cash Paid to Prakash Rs. 15000

27-4-2016 Received Commission 1200 yens

29-4-2016 Cash Received from Prakash 70% yens

Note: 1 dollor = Rs. 78

1 Yen=1 Rupee.68 paisa
1 pound = Rs.84

Answer:

Balance sheet : 3,10,668

Net profit : 34,368
Trial balance : 3,18,696

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 PAYROLLS

 Payroll is the process of paying a company's employees, which includes

tracking hours worked, calculating employees' pay, and distributing payments
via direct deposit to employee bank accounts or by check.

Example :

Mr. Vinayak is working as a Manager in Sales Department.

His basic salary is 10,000/-

His Earnings as follows:-

HRA 12% on Basic salary

CA 1000
DA 2% on basic salary

His deduction as follows:

PF 14% on Basic Salary

ESI 6% on Basic Salary
Salary Advance 1000

Create Payslip using Tally 9.0

Step 1:
Company Creation (Alt+ F1)

Now press F11 then go to Accounting Features in that

Responded “Yes” to “ Maintain payroll” option

Step 2:

Select payroll Info

Pay Heads
Create the pay Heads

i) Basic
Name : Basic
Pay Head Type : Earning for Employees
Under : Indirect Expenses
Affect Net Salary : Yes
Name to appear in payslip : Basic
Use for Gratuity : No
Calculation Type : On Attendance
Attendance/ Leave with pay : present (create with Alt+C)
Calculation period : Months
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Per day Calculation Basis : AS per Calendar Year
Rounding Method : Normal Rounding Limit : 1

Then Press Enter (or) Save (Ctrl + A)

ii) HRA

Name : HRA
PAY Head Type : Earning for Employess
Under : Indirect Expenses
Affect Net Salary : Yes
Name to appear in payslip : HRA
Use for Gratuity : No
Calculation Type : AS Computed Value
Rounding Method : Normal Rounding
Compute : On Specified formula
Then Choose Basic
Amount upto : Give Basic Salary (EX:10,000)
Slab Type : Percentage
Value Basis : Give the Percentage (EX:12%)
List of Slab : Choose Value

Then press Enter (or) Save ( Ctrl+ A)

iii) DA
Name : DA
PAY Head Type : Earning for Employess
Under : Indirect Expenses
Affect Net Salary : Yes
Name to appear in payslip : HRA
Use for Gratuity : No
Calculation Type : AS Computed Value
Rounding Method : Normal Rounding
Compute : On Specified formula
Then Choose Basic
Amount upto : Give Basic Salary (EX:10,000)
Slab Type : Percentage
Value Basis : Give the Percentage (EX:2%)
List of Slab : Choose Value

Then press Enter (or) Save ( Ctrl+ A)

IV) CA

Name : CA
Pay Head Type : Earning for Employess
Under : Indirect Expenses
Affect Net Salary : Yes
Name to appear in payslip : CA
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 Use for Gratuity : No
Calculation Type : AS User Defined Value

Then press Enter (or) Save (Ctrl+A)

V) PF

Name : PF
PAY Head Type : Employees Statutory Deductions
Under : Current Liabilities
Affect Net Salary : Yes
Name to appear in payslip : PF
Use for Gratuity : No
Calculation Type : AS Computed Value
Rounding Method : Normal Rounding
Compute : On Specified formula
Then Choose Basic
Amount upto : Give Basic Salary (EX:10,000)
Slab Type : Percentage
Value Basis : Give the Percentage (EX:14%)
List of Slab : Choose Value

Then press Enter (or) Save (Ctrl+A)

vi) ESI

Name : PF
PAY Head Type : Employees Statutory Deductions
Under : Current Liabilities
Affect Net Salary : Yes
Name to appear in payslip : ESI
Use for Gratuity : No
Calculation Type : AS Computed Value
Rounding Method : Normal Rounding
Compute : On Specified formula
Then Choose Basic
Amount upto : Give Basic Salary (EX:10,000)
Slab Type : Percentage
Value Basis : Give the Percentage (EX:6%)
List of Slab : Choose Value
Then press Enter (or) Save (Ctrl+A)
VII) Salary Advance

Name : Salary Advance

PAY Head Type : Deduction from employees
Under : Current Liabilities
Affect Net Salary : Yes
Name to appear in payslip : Salary Advance
Calculation Type : AS User Defined Value
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Then press Enter (or) Save (Ctrl+A)
VIII) Salary Payable

Name : Salary Payable

PAY Head Type : Not Applicable
Under : Current Liabilities

Step 3: Create Employees

i) Gateway of tally
ii) Payroll Info
iii) Employees
iv) Create
v) Then Create Employees Details

Step 4: Create Salary Details

I) Gateway of tally
ii) Payroll Info
iii) Employees
iv) Create
v) Select Employee Name
vi) Then Choose Basic and give Basic Salary (Ex:10,000)
vii) Now choose one by one pay heads which we created
Like CA, DA, HRA, PF, Salary Advance and save the entry

Step 5: Payroll Vouchers

I) Gateway of Tally
II) payroll Vouchers

When we entered payroll Vouchers first we need to create Attendance Voucher

Of the Employee for the we need to press Ctrl+ F5

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After Creating Attendance Voucher then we need to go Payroll Vouchers for that we need to press Ctrl
+ F4

When we entered Payroll Voucher we need to Press Alt + A for Employee Filters

Then Press Enter after that give User Defined Values and save the Voucher.

GST
(Goods Service Tax)

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  The goods and services tax (GST) is a tax on goods and services sold domestically for
consumption. The tax is included in the final price and paid by consumers at point of
sale and passed to the government by the seller. The GST is usually taxed as a single
rate across a nation.

Goods and Services tax and types: An overview

 In simple words, GST is a tax applicable to the value added to goods and services at
each stage in the supply chain. There are four types of GST, namely, CGST, SGST,
IGST, and UTGST. Each type features different taxation rates applicable at the buyer’s
end.
CGST :

 CGST stands for Central Goods and Services tax. It replaced all the
previous taxes under the Central Government.
SGST :

 SGST stands for State Goods and Services tax, a single tax levied on
intrastate supplies of goods and services, except for alcoholic liquor.
It can be charged solely on a product’s transactional value – an
amount the buyer needs to pay.

IGST:

 IGST stands for Integrated Goods and Services tax. It is generally

applicable during interstate transactions, i.e., transactions between
two different states. Among the types of GST, it’s levied on supplies of
products and services between two states and even on exports and
imports (IGST + customs). The Central Government is responsible for
its collection as per the IGST Act.
UTSGST:
 UTGST stands for Union Territory Goods and Services tax, applicable to the transaction of
goods and services in the Union Territories. It is levied on the supply of products in Andaman
and Nicobar Islands, Lakshadweep, Daman Diu, Chandigarh, and Dadra and Nagar Haveli.

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 GST
(Goods and Service Tax)
Problem No. 1

 To create GST rates press F11 and allow GST

01-04-2018 Mr. Sanjay started a Business with Rs. 10,00,000 by cash

10-04-2018 Purchased following Goods from Rahul & Son’s on credit Basis

15 Redmi Mobile @ 6300

14 Vivo Mobile @ 9000
12 Oppo Mobile @ 8100
10 Samsung Mobile @ 7200

10-04-2018 Cash paid to Carriage Charges with Rs. 1200

11-04-2018 Cash Deposited into the ICICI Bank with Rs. 45,000
15-04-2018 Sold following Goods to Raghava & Co.on credit basis

15 Redmi Mobile @ 8400

14 Vivo Mobile @ 12200
12 Oppo Mobile @ 11100
10 Samsungs Mobile @ 9300

18-04-2018 Cash withdraw from the ICICI Bank with Rs. 15000
21-04-2018 Cash paid to Rahul & son’s Full Amount (4,36,464)
22-04-2018 Cash Received from Raghava & son’s Full Amount (5,85,760)
23-04-2018 Cash paid to office Maintenance with Rs. 1800
25-04-2018 Cash paid to Telephone Bill with Rs. 1250
25-04-2018 Cash paid to Electricity Bill with Rs. 3600
30-04-2018 Cash paid to Rent with Rs. 25,000

Note : All Goods Under Tax is 12%

CGST6% SGST6%

Answer: Balance Sheet : 11,16,446

Gross profit : 1,32,100
Nett profit : 1,00,450
Trial Balance : 15,38,996

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 GST
(GOODS and Service Tax)
Problem No. 2

 To create GST rates press F11 and allow GST

01-04-2019 MISS. Sujatha Started a Business with Rs. 10,00,000 by cash

05-04-2019 purchased Furniture by cash with Rs. 44,000
08-04-2019 purchased Honda Active by cash with Rs. 65,000
11-04-2019 purchased following Goods from shanthi & Co. on credit basis
Samsung LED TV’S 10@ 18,000
Sony LED TV’S 10@ 19,500
Videocon LED TV’S 10@ 13,000

15-04-2019 Cash deposited into Corporation Bank with Rs.55000

21-04-2019 Sold following Goods to Balaji Traders on Credit Basis

Samsung LED TV’S 10@ 26,500

Sony LED TV’S 10@ 30,000
Videocon LED TV’S 10@ 20,000

25-04-2019 Cash withdraw from Corporation Bank with Rs. 15,000

26-04-2019 Depreciation on Active @ 15%
27-04-2019 Deprecation on Furniture @ 10%
28-04-2019 Cash paid to Santhi & Co. Full Amount (6,46,400)
29-04-2019 Cash receive from Balaji Trades Full Amount (9,79,200)
30-04-2019 paid to Rent through Bank with Rs. 9,000

Note : Electronics in GST : 28%

Answer:
Balance Sheet : 13,09,650
Gross profit : 2,60,000
Nett profit : 2,36,850
Trial Balance : 18,37,800

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 GST
(GOODS and Service Tax)
Problem No. 3

 To create GST rates press F11 and allow GST

01-04-219 Mr.Sanjay starated a Business with Rs.8,00,000 by cash

10-04-2019 purchased following Goods from Rahul Traders on Credit Basis

GST@18%
10 Sony Monitors 18’5’’ @ 4800
10 Hp Monitors 18’.5’’ @ 4700
10 Dell Monitors 18’.5’’ @ 4600
10 Acer Monitors 18.’ 5’’ @ 4500
10-04-2019 Cash paid to Carriage Charges with Rs. 1200

10-04-2019 purchased following Goods from Rahul Trades on Credit Basis

GST@18%
5 Sony Monitors 18’5’’ @ 4800
5 Hp Monitors 18’.5’’ @ 4700
5 Dell Monitors 18’.5’’ @ 4600
5 Acer Monitors 18.’ 5’’ @ 4500

10-04-2019 Cash paid to Carriage Charges with Rs. 1200

11-04-2019 Cash Deposited into the Axis Bank with Rs. 35,000

15-04-2019 Sold following Goods to Vijaya Trades on credit basis

GST@18%
8 Sony Monitors 18’5’’ @ 5800
8 Hp Monitors 18’.5’’ @ 5700
8 Dell Monitors 18’.5’’ @ 5600
8 Acer Monitors 18.’ 5’’ @ 5500

15-04-2019 Sold following Goods to Sheetal Traders on Credit basis

GST@18%
4Sony Monitors 18’5’’ @ 5800
4 Hp Monitors 18’.5’’ @ 5700
4 Dell Monitors 18’.5’’ @ 5600
4 Acer Monitors 18.’ 5’’ @ 5500

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21-04-2019 Cash paid to Rahul Traders Full Amount (2,19,480)

21-04-2019 Cash paid to Raghu Traders Full Amount (1,09,740)

22-04-2019 Cash Received from Vijaya Traders Full Amount (2,13,344)

22-04-2019 Cash Received from Sheetal Traders Full Amount (1,06,672)

23-04-2019 Cash paid to Office Maintaiance with Rs. 2700

25-04-2019 Cash paid to Telephone Bill with Rs. 1650

25-04-2019 Cash paid to Electricity Bill with Rs. 2850

30-04-2019 Cash paid to Rent with Rs. 10,000

30-04-2019 Cash paid to Salaries with Rs. 15,000

Answer :

Balance Sheet : 8,13,400

Gross profit : 45,600
Nett profit : 13,400
Trial Balance : 10,71, 200
Closing stock : 55,800

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 GST
(GOODS and Service Tax)
Problem No. 4

 To create GST rates press F11 and allow GST

01-04-2019 Miss. Sarala (Telangana) Started a new Business with 5,50,000

01-04-2019 Purchased following Goods from Maruthi Traders (Telagana state)

10 F&D Speakers @ 1350

20 Hp printers @ 12000

01-04-2019 purchase following Goods from prakash Traders

20 Sony Cameras @ 5000
01-04-2019 Sold following Goods to Raju Traders (Local Telangana)

5 F & D Speakers @ 3600

10 Hp printers @ 16000
12 Sony Cameras @ 9900
01-04-2019 Sold following Goods to Lokesh Traders ( Inter state Maharastra)
5 F & D Speakers @ 4100
10 Hp printers @ 17000
8 Sony Cameras @ 11500
01-04-2019 Cash paid to Maruthi Traders Full Amount (2,83,920)
01-04-2019 Cash paid to prakash Traders Full Amount (1,12,000)
01-04-2019 Cash Received to from Raju Traders Full Amount (3,32,416)
01-04-2019 Cash Received from Lokesh Traders Full Amount (3,16,400)
Note: Speakers, printers, cameras, GST@ 12%
Answer:
Balance sheet : 8,02,896
Gross profit : 2,25, 800
Nett profit : 2,25,800
Trial Balance : 11,56,396

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 GST
(GOODS and Service Tax)
Problem No. 5

 To create GST rates press F11 and allow GST

0% 12% 18% 28%

Rice Dry fruits Soaps perfumes
Salt Tooth powders Hair oil Shampoo
Tooth paste
Shaving cream

01-04-2019 Mr. Raghava Rao stated a new business with 4,00,000

01-04-2019 purchase as fallows from Rama Rao & son’s ( Intra state )

30 Bags Rice @ 850

120 packets salt @ 14

80 packets Dry fruits @ 110

40 packets Tooth powders @ 13

60 pieces soaps @ 55
55 Bottles Hair Oil @ 51

45 Bottles perfumes @ 150

45 Bottles shampoo @ 87

50 Sets Tooth paste @ 58

55 sets Shaving creams @ 45

01-04-2019 Sold following Goods to Raja & Son’s (Intra state)

30 Bags Rice @ 1050

120 packets salt @ 18

80 packets Dry fruits @ 150

40 packets Tooth powder @ 19

60 pieces soaps @ 65
55 Bottles Hair Oil @ 72

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 45 Bottles perfumes @ 190
45 Bottles shampoo @ 99
50 sets Tooth paste @ 68
55 sets shaving creams @ 59

01-04-2019 Cash paid to Rama rao & son’s full amount

01-04-2019 Cash Received from Raja & son’s full amount

Answer :

Balance sheet : 4,17,024.50

Gross profit : 15,285
Nett profit : 15, 285
Trial Balance : 4,75,669.50

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 GST
(GOODS and Service Tax)
Problem No. 6

GST RATES

0% 5% 12% 18% 28%

Milk Medicine Agarbathi Mineral water can Hair clippers

Curd Ghee sugar Chocklets After shave lotions

01-04-2019 Miss. Sujatha Business with Rs. 5,500,000

05-04-2019 purchased following Goods from Vijay Traders on credit Basis f9

55 packets Milk @ 20
60 packets curd @ 8

45 Boxes Medicine @ 150

90 packets Ghee @ 90

80 Sets Agarbathi @ 45
200 Kgs sugar @ 30

45 Cans Mineral water cans @ 25

60 No’s Chock lets @ 55

65 No’s Hair clippers @ 55

60 Boxes After shave Lotions @ 95

09-04-2019 Sold as following goods to Vani traders on credit basis

55 Packets milk@ 28
60 Packets curd @ 10

45 box medicine @ 250

90 packets ghee @ 110

80 sets agarabathi @55

200 kgs sugar @40

45 cans Mineral water cans @45

60 No’s chocklets @65

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 60 No’s hair clippers @25
60 boxes after shave lotions @ 105

01-04-2019 cash paid to Vijaya traders full amount

01-04-2019 cash received from Vani traders full amount

Answer:

Balance sheet : 5,63,681

Gross profit : 12,410
Nett profit : 12,410
Trial balance : 6,00,811

******

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