Practical 1

1. Journal Entries:
a) Record the following transactions:
i. Sold goods worth 50,000 to XYZ Enterprises. Received 50% payment via cheque
ii. Paid rent expense of ₹10,000 by cash.
iii. Purchased machinery worth ₹1,00,000 on credit from ABC Suppliers.

(1)Answer:-
Step(1) -open tally prime.
Step(2)- Go to continue work in education mode .
Step(3)-Gateway of tally and click → vouchers.
Step(4)-select sales vouchers or short cut key press →F8
Step(5)-Enter party A/C name → create ledger.
Step(6) Press inter button or short cut key →” ctrl+A”.
Steps(7)- Create sales ledger.
Step(8) – Press Enter button or click short cut key → “ctrl+A”
Steps(9)- Enter name of item→ create ledger

Step(10)- Press enter button or click short cut key →”ctrl+A”.

Step(11) –Click vouchar and select receipt vouchar or press the short cut key→F6.
Step(12)-Create account name and create ledger
Step(13)- Press the enter key button or click short key →”ctrl+a”.
Step(14)-Show the sales vouchar soumya enterprises and received payment chaeque.
Step(15) show

Step(16)-Press enter button or click short cut key →”ctrl+A”.

(2) ANSWER-

Step (1)- Open tally prime

Step (2)- Go to the continued work in education mode.

Step(3) gateway of tally select →vouchar.

Step (3)- Select payment voucher or short cut key “ F5”

Step(4)-Enter Account name -->create ledger .

Step(5)- Press the enter key button or "Ctrl+A".

Step(6)- particular name-->create ledger.

Step(7)- Press the enter key button or short cut key "Ctrl+A".
Step(8) show the rant expenses.

(3) ANSWER-

Step (1)- Open tally prime

Step (2)- Go to the continued work in education mode.

Step(3)- gateway of tally select →voucher.

Step (3)- Select purchase voucher or short cut key “F9”.

Step(4)-Enter Party A/c name →create ledger .

Step(5)- Press the enter key button or "Ctrl+A".

Step(6)- create a particular ledger.

Step(7)- Press the enter key button or short cut key "Ctrl+A".

Step (8)-Enter the name of item machinery → create a ledger.

Step(9)- press the enter key button or short cut key "Ctrl+A"

Step(10)-show the purchase machinery from soumya suppliers

Step(10)-press the enter key button or short cut key "Ctrl+A" and save the purchase voucher.

2.Ledger Maintenance:

a) Create ledger accounts for the following:

i. Furniture

ii. Salary Expense

iii. Capital Account

ANSWER-

Step (1)- Open tally prime

Step (2)- Go to the continued work in education mode.

Step (3)- Gateway of tally and click →Create and list of master window open and select →ledger.
Step(4)-Enter the name furniture →create ledger .

Step(5)- Press the enter key button or "Ctrl+A".

ANSWER (i i)

Step (1)- Open tally prime

Step (2)- Go to the continued work in education mode.

Step (3)- Gateway of tally and click →Create and list of master window open and select →ledger

Step(4)-Enter the name Salary Expense →create ledger.

Step(5)- Press the enter key button or "Ctrl+A".

Step(5)- Press the enter key button or "Ctrl+A".

ANSWER(iii)

Step (1)- Open tally prime

Step (2)- Go to the continued work in education mode.

Step (3)- Gateway of tally and click →Create and list of master window open and select →ledger

Q3. Perform shortcut key for : How to go to list of Ledgers.

ANSWERE-

Step (1)- Open tally prime

Step (2)- Go to the continued work in education mode.

Step (3)- Gateway of tally →Enter short cut key →”shift +H”
Step(4)-Enter the name CAPITAL ACCOUNT →create ledger.
Step(5)- Press the enter key button or "Ctrl+A".

Q5. 5. Recording Purchases, Sales, Receipts, and Payments:

a) Record the following transactions:

i. Purchased goods worth ₹30,000 from LMN Traders on credit.

ii. Sold goods worth ₹40.000 to ABC Corporation. Received 60% payment via bank transfer

iii. Received ₹15,000 from debtors.

iv. Paid electricity bill amounting to ₹5,000 by cheque.

i.) ANSWER-

Step (1)- Open tally prime

Step (2)- Go to the continued work in education mode.

Step(3)- gateway of tally select →voucher.

Step (3)- Select purchase voucher or short cut key “F9”.

Step(4)-Create ledger→ Enter party A/C →SOUMYALMT TRADERS.

Step(5)- Press the enter key button or "Ctrl+A".

Step(6)- create a Purchase ledger.

Step(7)- Press the enter key button or short cut key "Ctrl+A".

Step (8)-Enter the name of item → create a ledger. →Mobaile.

Step(9)- press the enter key button or short cut key "Ctrl+A"

Step(10)-show the Result purchase mobile 30000 from SOUMYA LMN TRADERS.

ANSWER(ii)-

Step (1)- Open tally prime

Step (2)- Go to the continued work in education mode.

Step(3)- gateway of tally select →voucher.

Step (3)- Select Sales voucher or short cut key “F8”.

Step(4)- create ledger .→ Enter Party A/c name →SOUMYA ABC CORPORATION
Step(6) Press inter button or short cut key →” ctrl+A”.
Steps(7)- Create sales ledger.
Step(8) – Press Enter button or click short cut key → “ctrl+A”
Steps(9)- Enter name of item→ create ledger→Computer
Step(10)- Press enter button or click short cut key →”ctrl+A”.
Step(11) –Click vouchar and select receipt vouchar or press the short cut key→”F6”.
Step(12)-Create ledger →Account→Bank of Boroda.
Step(13)- Press the enter key button or click short key →”ctrl+a”.
Step(14)- SOUMYA ABC CORPORATION and received 60% payment chaeque RESULT.

Step(15)- show enter button or click short cut key →”ctrl+A”.

Step(16)- Show the sales vouchar computer 40000 RESULT.

(iii) ANSWER –

Step (1)- Open tally prime

Step (2)- Go to the continued work in education mode.

Step(3)- gateway of tally select →voucher.

Step (4)- Select Receipt voucher or short cut key “F6”

Step(5)- Create ledger →Account→cash.

Step(6)- Create ledger → PARTICULAR→SOUM YA ABS CORPORATION

Step(7)- Show received 15000 from SOUMYS ABS CORPORATION.

ANSWER(iv)-

Step (1)- Open tally prime

Step (2)- Go to the continued work in education mode.

Step(3) gateway of tally select →voucher.

Step (3)- Select payment voucher or short cut key “ F5”

Step(4)-Create ledger →Account name →SBI BANK.

Step(5)-Create ledger → particulars → ELECTRICITY BIL

Steps(6)- Enter amount →5000.

Steps(7)- show paid electricity bill amounting to 5000 by chaque