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https://sscstudy.com/, , Tally Notes, Accounting:, The main purpose of accounting is to ascertain profit or loss during a specified period,, to show financial condition of the business on a particular date and to have the control, over the firm‟s property. In other words an account is a systematic record of all, transaction relating to a person, an asset, a liability, an expense or an income. Account, is also called A/C. such accounting records are required to be maintained to measure, the income of the business, communicate the information. So that it may be used by, manager, owners and other parties., , Double Entry System:, We have seen earlier that every business transaction has two aspects, i.e., when we, received something we give. Something else in return. For Example, when we, purchased goods for cash, we received goods and give cash in return, similarly in a, credit sale of goods, goods are given to the customer and customer becomes debtor for, the amount of goods sold to him. This method of writing every transaction in two, accounts is known as Double Entry System Of Accounting of the two accounts, one, account is given debit while the other account is given credit with an equal amount., Thus, on any date, the total of all debits must be equal to the total of all credit because, every debit has a corresponding credit., , Rules of Double Entry System/Golden Rule Of Accounting:, There are separate rules of the double entry system in respect of personal, real, and, nominal accounts which are discussed below……, 1. Personal account: These accounts record a business‟s dealing with persons or, firms. The person receiving something is given debit and the person giving, something is given credit. In other word personal account recording transaction, with person or firm., , Personal Account Rule, , DEBIT THE RECEIVER, CREDIT THE GIVER

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https://sscstudy.com/, , Tally Notes, 2. Real account: These are the accounts of asset entering the business is given, debit and assert leaving the business is given credit. In other word real account, is that A/C of property or possession E.g. Goods A/c, furniture A/C, etc. For, example, when goods are sold for cash, cash account will be giving debit as, cash comes in and Goods account will be credited as goods go out. So, the rule, ….., Real Account Rule, , DEBIT WHAT COMES IN, CREDIT WHAT GOES OUT, , 3. Nominal/ Fictitious Account: These account deals with expenses, income,, profit and losses. For example, when rent is paid to the land lord, rent account, will ne debited as it is an expense and cash account will be credited as it goes, out. Other example commission A/C, Advertising A/C, Discount A/c, wages, A/C., Nominal Account Rule, , DEBIT ALL EXPENSES & LOSSES, CREDIT ALL INCOME & GAIN, , (Account recording transaction which do not affect particular person but effect, business in general are known as IMPERSONAL A/C‟S. it may be either Real, Or Nominal A/C RULE.), , Few basic terms:, ,  Business transaction: Any exchange of money or money‟s worth as goods, and service between two parties is called a business transaction. It may relate to, purchased and sale of goods, receipt and payment of cash and rending of, service by one party to another.,  Debtor: A debtor is a person who owes money. The amount due from him is, called debt. The amount due from a person as per the books of account is called, a book debt. For example Sold Goods to Rolex Industry in credit. The Rolex, Industry is known as Debtor.

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https://sscstudy.com/, , Tally Notes,  Creditor: A person to whom money is owing or payable is called a creditor., For example purchased goods from Sam Company in credit basis. The Sam, Company is known as Creditors.,  Capital: This is the owner‟s financial interest or holding in business and is, represented by the value of net assets.,  Goods: This including all articles, commodities or merchandise in which the, business deals. Thus, cloth would be goods for a dealer in cloth; furniture, would be goods for a dealer in furniture and so on.,  Assets: Any physical thing or right owned that has money value is an asset. In, other words, an asset is that expenditure which results in acquiring of some, property or benefit of a lasting nature.,  Drawings: Any amount or goods withdrawn by the owner of a business for, personal use is called drawing.,  Voucher: Any written document in support of a business transaction is called a, voucher., , Journal:, Journal is derived from the French word “JOUR” which means a day. Journal, therefore means a daily record of business transaction. Journal is a book of original, entry because transaction is first written in the journal from which it is posted to the, ledger at any convenient time., , Ledger:, We know, journal records all business transaction separately and date wise. The, transaction pertaining to a particular person, assets, expense, or income is recorded at, different place in the journal as they occur on different dates. Hence, journal fails to, bring the similar transaction together at one place. Thus, to have a consolidated view, of the similar transaction different accounts are prepare in the ledger. A ledger, account may be defined as a summary statement of all the transaction relating to a, person, assert, expense or income which have taken place during a given period of, time and shows their net effect.

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https://sscstudy.com/, , Tally Notes, Trial balance:, The end of the financial year or at any other time, the balance of the all ledger, accounts are extracted and are written up in a statement known as trial balance and, finally totaled up to see if the total of debit balances is equal to the total of credit, balances. A Trial Balance may thus be defined as a statement of debit and credit total, or balance extracted from the various A/C in the ledger with a view to test the, arithmetical accuracy of the book., 1. To have balances of all the accounts of the ledger., 2. To have proof that the double entry of each transaction has been recorded, because of its agreement., 3. To have material accuracy of preparing the profit and loss account and balance, sheet of the business., , Balance sheet:, A balance sheet is a statement prepared with a view to measure the financial position, of a business on a certain fixes date. The financial position of a concern is indicating, by its assets on a given date and its liabilities on that date. Excess of asserts over, liabilities represents the capital and is indicative of the financial soundness of the, company. A balance sheet is also described as a statement showing the source and, application of the capital. It is a statement and not an account and prepared from real, and personal A/C. the left hand side of the balance sheet may be viewed as a, description of sources from which it currently operated and the right hand side as a, description of the firm in which that capital is invested on a specified date., The balance sheet is a statement, which projects the financial position of a business on, a given date. This is one of the backbones of TALLY. At the gateway of Tally, press, B to being up the balance sheet.

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https://sscstudy.com/, , Tally Notes, Profit and loss A/c:, To display the profit and loss A/c. at gateway of tally press P or select the option, profit and loss A/c. on selection of this option profit and loss A/c is display in the, horizontal format as at last voucher entered. It displays expenses on the left side and, income on the right side., , Assets:, Assets are property and possession of a business. Stock, Land and Buildings, Cash,, Bills Receivable, are some examples of assets. The classification of assets depends on, their nature the various types of assets are….., , , , , , Fixed Assets- land and building. Machinery (Permanently Nature), Current Assets- Cash, Stock, Bills Receivable (Operating Cycle of One Year), Tangible Assets -Assets can be seen & touched, like furniture, Intangible Assets- assets which cannot be seen & touched like Goodwill., , Liabilities:, A liability is an amount which a business is legally bound to pay. It is a claim by an, outside on the assets of a business. Liabilities may be classified into following, categories.,  Fixed liabilities,  Long term liabilities,  Current liabilities, , Tally, Tally is financial accounting software that helps you to computerize your manual, accounting system. In other words the tally is accounting software. It is software of, keeping all kind of business transaction. It used POST TRANSATION system. It, means, that the information that is being fed into TALLY as voucher, has been, already executed. E.G. in POST TRANSACTION SYSTEM the payment is first made

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https://sscstudy.com/, , Tally Notes, based on your exiting methods (i.e.) against a cash bill, against a voucher, etc.) & that, information is fed into the program. In other word POST TANSACTION means after, the completion of the transaction. In tally there are two main accounts namely, account only and account with inventory. Account only deals with account like sale, and purchased of goods where as account with inventory includes sale and purchase, of goods and also the quantity of stock item, which help us in maintain complete, information of particular transaction., , Advantages of Tally, , 1. Tally has saved all paper works, it means the cost of all paper work = Zero = It, , means before tally, we had to all work on papers and sometime paper work cost, was more than the benefit of information in small business type organization ., But after tally using, most benefit is gotten by small scale business, organizations., 2. In one tally software, you can keep records of unlimited companies. In manual, accounting, it is not possible that a single accountant can keep the record of 20, companies. But, in my contacts, there are many professional accountants of, Mumbai and Delhi who are tracking all records of more than 20 companies in, tally. Billions Rupees transactions of more than 20 companies and just one tally, software. Take idea what is the efficiency and what are the benefits of tally, software., 3. After coming tally, it has made simple system of recording and calculation of, all tax responsibility. Different tax responsibilities like VAT, FBT, Service tax,, Excise Mod VAT, Custom duty, TDS, Advance tax, etc. can, easily calculate and record in tally. Now, companies are demanding tally, professional in first eligibility because they are keeping all records in tally and, without knowledge of tally , A MBA is also fail to enter in Company as, Account Manager, 4. Tally provides some exceptional reports which are not possible to make in, manual accounting. In these, exceptional reports, you can, find negative stock, negative, ledger, overdue receivables,, overdue payables,, Memorandum vouchers. These, reports are very useful, if you

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https://sscstudy.com/, , Tally Notes, know its benefit. These reports are also used to find out frauds and check by, spot internal auditors. Many accountants did not know that tally can be easy use, to track accounting of foreign business. Because in tally‟s configuration makes, suitable tally for providing the information export shipping details, nos. of, containers and kinds of packages use in export option. These in formations are, very useful for exporters. For activate these options, you have to click, configuration, then click invoices, delivery notes and orders. Here you can yes, different exporter‟s options., 5. There are few accountants who know that when we make the voucher entries of, , payroll, at that time we also, create cost allocation by only, writing yes in voucher entry, configuration in the front of, (Allow cost center allocation in, payroll vouchers.), 6. One of the best advantages of tally that in tally we can see any report by, , filtering rang option. If you, know to use excel, you can, better understand what is, filtering and what is rang., But, here I am telling you, that it is just option. Suppose, if you see cash, flow, statement greater than Rs., 100000 on all items then you, can check cash inflow and, cash outflow more than Rs., 100000 each items., 7. With tally accounting software we can synchronize data, , over multiple, locations. Data synchronize is simple, cost effective and just few minutes we, can apply it . With synchronizing option of tally, we can easy share or, collaborates all accounting information more than one branch of company.

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https://sscstudy.com/, , Tally Notes, , 8. With the help of tally, accountants can generate all type of VAT through e-, , return files., 9. Tally can be operated in 13 languages, if you are businessman and prefer to use, , tally in your local language, tally is providing support to record your, transactions in your own language .You can also print and view reports another, languages also., Life time benefits = Speed + Advance + Safe + Universal Accounting software, , Disadvantages, 1. I have used tally for many years and I feel that it is not as easy as excel or ms, , word of Microsoft Company. Because, excel and ms word can learn by, himself. But even senior accountants, if they do not know how to operate, they, can also mistake in maintaining of accounts in tally., 2. There is no improvement in old version of tally. Tally Company is, , launching new version one by one from tally 4.5 to tally erp9. It is one of most, disadvantage of tally that the expert in old version of tally cannot get, improvement in same version. Suppose I am expert in tally 7.2 and, tally launch new version tally 8.1, 9 and tally 9erp. But tally Co. is not care for, improving tally 7.2. But now after migration facility from tally 7.2 to tally, erp9 is good step of Tally Company for removing this advantage.

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https://sscstudy.com/, , Tally Notes, 3. Tally making and maintain system of budgeting is no so advance. There is no, , provision of capital budgeting in tally 9 with different methods of capital, budgeting., 4. Tally does not provide one button of default setting of this software. I explain, , this demerit as suppose a new customer purchased tally for maintaining, accounts on it and he has changed some setting of features and configuration, after this , if his accountant found something wrong in tally , there is no one, button to correct it because without deleting ledger and voucher , you can, return to default setting of feature menu ., 5. Tally support system is no so effective. There is still need to improve to the, , support system of tally. So that training of this software becomes simple., , How to open Tally?, Double click on Tally icon on Desktop or Click on start then programs then tally and, again tally., When you open tally it may display gateway of tally screen or company info screen., But you are required company info screen to create company at the beginning. You, can move to company info screen from other screen by pressing ALT + F3 key., How to create company?, , , , , , Open Tally, Go to Company Info Screen (by pressing Alt + F3 Key if other screen appear), Choose Create, Fill the given Form, , You Need to fill following:, , , , , , , , , Company Name, Address, Email, Currency Symbol, Maintain (Accounts only or Accounts with inventory), Financial Year beginning date., Book Beginning date

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https://sscstudy.com/, , Tally Notes, , , , , Tally Vault Password, Security control Password, And other details., Press Enter to accept data or to save data when tally gives option save data, yes/no., ,  Select company:, This command is use to select company which is already created.. It is required when, you are maintaining more than one company's account in the same computer.,  Go to company info (press ALT + F3),  Choose Select company and press Enter,  Choose your company from the appeared list and press Enter.,  Shut Company :, This option is use to close the company you are working.,  Go to Company info,  Choose Shut Company and Press Enter,  Choose the company you want to Shut then Press Enter.

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https://sscstudy.com/, , Tally Notes,  Alter Company:, This option is use to modify the company which is already created., , , , , , , Go to Company Info Screen, Choose Alter Company, Select the company you want to modify then Press Enter, Modify the required information, Press Enter until you accept data., , Gateway of tally:, The gateway of Tally Screen control center of tally. Gateway of tally is that menu, which actually deals with the accounting of transactions, creating ledger, generating, statement like balance sheet and profit and loss account, displaying ledgers, vouchers, etc. after selecting the required company „gateway of tally‟ menu is displayed on the, screen,, , Current status, , Horizontal button, bar, , Active, company, , Tally main menu, , Product, info, , Tally calculator, , Vertical button bar

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https://sscstudy.com/, , Tally Notes, How to create Ledger?, Ledger accounts represent the assorted, summarized and balanced transaction of, similar nature. For example: the ledger account, conveyance represents the set of transactions related, to conveyance expenses and their summarized net, figure. All accounting transactions are linked to, ledger account.,  Create Ledger,  Go to account info from Gateway of, Tally,  Choose Ledger,  Choose Create from Single Ledger., 1. Type Ledger Name, 2. Choose Account Type on under, option., 3. Set other details if required., 4. Set Opening balance if any.,  Accept Data,  Alter Ledger:, , , , , , , , , When you need to change or correct the ledger you have created we use Alter., Go to Account Info., Go to Ledger, Select Alter from Single Ledger, Choose the Ledger you want to modify, Change the required information of the Ledger, Accept Data., ,  Display Ledger :,  Using Display Ledger you can view the list of ledgers you have, created.

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https://sscstudy.com/, , Tally Notes,  Single ledger:,  Step1: To create single ledger, select create under single ledger and press enter.,  Step2: In ledger creation dialogue box, type Hasan‟s capital in the Name field, and press enter key twice to skip the field Alias and go to the next field.,  Step3: In the field under, type the alphabet „C‟ and select capital account from, the list of groups displayed on the right side of the screen.,  Step4: Fill other information as par the condition and if you want.,  Multiple ledgers:,  Step1: In ledgers menu, to create multiple ledgers press R.,  Step2: In multi ledger creation dialogue box, in this the field under group, type, the alphabet „C‟ and select current liabilities from the list of groups displayed, on the right side of the screen.,  Step3: In the field name of ledger, type the account name „drawing‟. And press, enter key., Note: the group name current liabilities appears in the filed under., Ledger, Purchase, Purchase return, Fright charges, Carriage inwards, Octroi, wages, Sales, , Group, Purchase account, Purchase account, Direct expenses, Direct expenses, Direct expenses, Direct expenses, Sales account, , Paid, Salary, Postage and telegrams, Telephone charges, Rent paid, Rates and taxes, Insurance, Audit fees, Interest on loans paid, Printing and stationery, General expenses, , Indirect expenses, Indirect expenses, Indirect expenses, Indirect expenses, Indirect expenses, Indirect expenses, Indirect expenses, Indirect expenses, Indirect expenses, Indirect expenses

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https://sscstudy.com/, , Tally Notes, Discount allowed, Carriage outwards or sales, Traveling expenses, Advertisement, Bad debts, , Indirect expenses, Indirect expenses, Indirect expenses, Indirect expenses, Indirect expenses, , Received, Interest on investment received, Interest on deposit received, Interest on loans received, Commission received, Discount received, Rent received, Dividend received, Loan from others, Bank loan, Bank overdraft, Bills payable, Sundry creditors, Income received in advance, Other liabilities, Capital, Drawings, Cash in hand, Cash at bank, Fixed deposit at bank, Investments, Bills receivable, Sundry debtors, Furniture, Motor vehicles, Plant and machinery, Land and building, Patents, Goodwill, , Indirect income, Indirect income, Indirect income, Indirect income, Indirect income, Indirect income, Indirect income, Loan Liabilities, Loan Liabilities, Bank OD, Current Liabilities, Sundry creditors, Current Liabilities, Current Liabilities, Capital account, Capital account, Cash in hand, Bank account, Deposit, Investments, Current asset, Sundry debtors, Fixed asset, Fixed asset, Fixed asset, Fixed asset, Fixed asset, Fixed asset, , Main Differences between Group and ledger in tally 9

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https://sscstudy.com/, , Tally Notes, , , Tally provides us 34 automatic groups for ledger creation. But tally provides, only 2 ledger account in tally software and its names are cash are profit and, loss account., , , , Group is head category or it is base of ledger creation. We can simply take an, example from you day to day field. Suppose you have taken commerce subject, and it can also divide into management theory, accounts, business maths and, economics. So, Main group is commerce and all other are called ledger, accounts but under this commerce group. Same will apply in accounting in, tally, We can create several groups under single ledger ., , , , We generally neither create extra groups nor change them which is provided by, tally software but we must create different ledger according to the need of, recording of different vouchers in tally, , , , If we have changed group from one category to another, all ledger will, automatically change by this. So be serious for making any change in group., , , , Group is most helpful to make final account according the nature of, organization, but ledger creation is not helpful for any redesigning of final, account in tally 9. Let me explain more about it. In the previous article tally, I, need insurance company account not in sundry debtor account but in sundry, insurance account so, I made sundry insurance account in group for making, redesigning my final account ., , Inventory Info.,  How to create Stock Group?, , , , , Go to Inventory info from Gateway of Tally., Choose Stock Group., Choose Create, 1., 2., 3., , Type Stock Group Name, Choose Primary on Under option, Accept data to save Stock Group.

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https://sscstudy.com/, , Tally Notes,  How to create Unit of Measure?, Stock items are purchased or sold on the basis of quantity. The quantity is measured, by units. Hence it is necessary to create units of measure. You can have simple units, such as number meters, kilograms and pieces or compound units like box of 10 pieces, (1 box=10 pieces)., , , , , , Go to Inventory info from Gateway of Tally., Go to Unit of Measure., Choose create, 1., 2., 3., , Type Symbol of Unit, Type Formal Name of Unit, Accept data to save., ,  How To create Stock Item?, The item, for which you maintain quantitative details of materials IN & Out in your, tally system for materials accounting, is known as a stock item., , , , , Go to inventory info from Gateway of Tally., Choose stock Item, Choose create, o Type Name of Stock Item, o Choose Stock Group on Under option., o Choose Unit of measure on Unit option, o Set opening balance stock if any, , Accept data to save stock item., Inventory Info., How to create Stock Group?, , , , , Go to Inventory info from Gateway of Tally., Choose Stock Group., Choose Create, o Type Stock Group Name

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https://sscstudy.com/, , Tally Notes, o, o, , Choose Primary on Under option, Accept data to save Stock Group., , How to create Unit of Measure?, , , , , Go to Inventory info from Gateway of Tally., Go to Unit of Measure., Choose create, o Type Symbol of Unit, o Type Formal Name of Unit, o Accept data to save., , How To create Stock Item?, , , , , Go to inventory info from Gateway of Tally., Choose stock Item, Choose create, o Type Name of Stock Item, o Choose Stock Group on under option., o Choose Unit of measure on Unit option, o Set opening balance stock if any, , Accept data to save stock item., Practice :, , Stock Group, Noodles, , Syrup, Soap, , Stock Item, , Unit of Measure, , Wai Wai, Mayos, RumPum, Ruchi, Mapro, Kisan, Liril, Lux, , Ctn., Ctn., Ctn., Ctn., Box, Btl., Box, Pcs.

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https://sscstudy.com/, , Tally Notes, Voucher Entry, 1. Types of accounts, , Personal Account, Real Account, Nominal Account, , Dr, The Receiver, What comes in, All expenses and losses, , Cr, The Giver, What goes out, All income or gains., , , , Associated ledgers and their Dr./cr. Side.,  Voucher date,  Dr. /Cr. Amounts should be equal.,  Types of voucher (i.e. Receipt, payment, contra, sales, purchase , journal, etc),  Settings for Voucher Entry, , , , , , , Press f12 after entering Accounting Voucher, Set “Use Single entry mode for Pymt/Rcpt/contra”. -- No., Set “Use Cr. /Dr. instead of To/By during entry”. – Yes, Press Enter continuously until you accept data., Now processed for voucher entry., , Account voucher entry:, You record a transaction through a voucher entry. To enter accounting, voucher., step1: In gateway of tally main screen from transaction menu press V to, select accounting voucher., At the button bar in the voucher entry screen you get button for each of, the voucher type show in the given figure. Click the appropriate button or press, the respective function key to get the respective type of voucher entry screen., , Voucher alteration and deletion:

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https://sscstudy.com/, , Tally Notes, After pressing all entries if you want to check all passed entries for correction or, deletion of voucher you may perform these in voucher alteration mode, in following 2, ways,  From voucher screen, To get any voucher of current date in Alteration mode,  Press page up key to get previous voucher.,  Press page down key to get next voucher., To get a voucher of any other date, Step1: in gateway of tally press D for display menu., Step2: in display menu press day book or statement of accounts., Step3: in statement of account press S for statistics., Step4: for alteration mode press enter key till you get alteration screen, then, make a desire changes in it. Press Ctrl+A to SAVE changes you made or ctrl+Q, for quit from the screen without any changes., Step5: for deletion of voucher at alteration mode, press Alt+D, at DELETE?, Press YES or NO to confirm deletion., , Types of voucher,  Receipt (f6), This voucher is made when we receipt cash from any person, company or, parties. Cash received on sales of fixed assets and scrap items are also entered, through this voucher., Cash received on sales of Business goods/trading items are not entered through, this voucher. They are entered via sales voucher., This voucher is entered by pressing f6 key., Cr., Dr., Cash/ Bank a/c, ,  Capital account,  Fixed assets,  Sundry debtors(creditors)

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https://sscstudy.com/, , Tally Notes,  Loans received,  Interest/commission received, etc., ,  Payment, (F5), This voucher is made when we pay cash or cheque to any person, company or, parties. Fixed assets purchased on cash also entered through this voucher but, purchase of Business goods are not entered through this voucher. They are, entered via purchase voucher., Dr., , Cr.,  All Creditors,  Fixed assets.,  Payment of, Interest/salary/commission/bills, payable etc., , Cash/ Bank, ,  Contra (F4), This voucher is made when we deposit cash into bank or withdraw cash from, bank or transfer cash from one bank to another bank., , Deposit, Withdraw, Transfer, , Dr. (+), Bank, Cash, Bank 1( to where cash, deposited), , Cr. (-), Cash, Bank, Bank 2 ( From where cash, Transferred ), , Practice :, 1., 2., 3., 4., 5., 6., , Mr. Aryan Shre started a business with capital Rs. 10,00,000 /Deposited Rs. 7, 00,000 / - to the Dena Bank., Purchased 4 table @ Rs 3,000 / - each and 8 chair @ 1,200 /- each., Paid to Mr. Hariom Rs. 25,000 / Received Rs. 50,000 /- From Mr. Laxmi Das., Sold 2 table @ Rs. 2,700 each and 2 chair @ 1,100 /- each as second hand.

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https://sscstudy.com/, , Tally Notes, 7. Withdraw Rs. 2, 00,000 / - from Dena Bank., 8. Salary Rs 20,000 /- and House rend Rs. 7,000 / - paid., 9. Interest received from bank Rs. 1,500 / 10.Interest Paid to Bank Rs. 2,500 /11. Commission Received Rs. 3,000 / 12. Cash Deposited Rs. 3,00,000 / - into SBI Bank., 13. Rs. 2,00,000 / - Transferred into SBI Bank from Dena Bank.., 14. Rs. 1,00,000 / - Paid Mr. Ranjan kumar from the Cheque of SBI Bank., 15.Cheque of Rs. 50,000 /-received from Mr. Manoj Karna.,  Purchase (F9), Purchase voucher is made when we purchase business goods or trading items, on cash or credit., Purchase of fixed assets and official goods are not entered through this, voucher., When you entered this voucher you also need to mention Stock Item name,, Qty. of Stock item and Rate of the item., Cr., Dr, Purchase a/c, , Cash/Bank, Sundry creditors or suppliers.,  Purchased goods from Hasan on credit basis RS.8000/Purchased A/C ........................... Dr, To Hasan A/C, ,  Sales a/c (F8), This voucher is made when we sale business goods or trading items on cash or, credit. Sale of fixed assets or scrap items are not entered through this voucher., Cr., Dr., Cash/Bank, Sales a/c, Sundry Debtors or Customers, (mention Name of Item, Qty and Rate.),  Goods sale to Ahmed on credit Rs. 5000/Ahmed A/C............................. Dr, To sale A/C

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https://sscstudy.com/, , Tally Notes,  Journal (F7), This voucher is made to adjust two accounts. I. E. Depreciation calculation,, Fixed assets sale or purchase on credit etc.,  Depreciation on furniture, Depreciation A/C ....................Dr, To furniture A/C,  Outstanding salary, Outstanding salary A/C… ............... Dr, To salary A/C, , Practice:, 1. Set opening balance of Cash Rs. 5,00,000 /2. purchase of following items on cash:, a. wai wai, 50 ctn, @ 350 /A, b. mayos, 40 ctn, @ 320 /A, c. mapro, 50 box, @ 1,600 /B, d. Liril Soap, 60 box, @ 1,200 / C, 3. Pu rchase of following items on credit from Aryan s tore:, a. Rumpum, 100 ctn, b. Ruchi, 75 ctn, c. kisan, 40 box, d. LUX, 80 box, 4. Sold following items on cash :, , @ 300 / @ 280 / @ 1,800 / @ 4,000 /-, , A, B, B, C, , a. wai wai, 30 ctn, @ 380 /b. mayos, 20 ctn, @ 370 /c. mapro, 25 box, @ 1,900 /d. Liril Soap, 40 box, @ 1,400 / 5. Sold following items on credit to Mr. Ratna Das., a. Rumpum, b. Ruchi, c. kisan, d. LUX, , 60 ctn, 35 ctn, 20box, 45 box, , @ 320 /@ 300 / @ 2,100 / @ 4,500 /-

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https://sscstudy.com/, , Tally Notes, 6. Purchase of 2 computer @ 30,000 /- for office use from Narayani, Computers on credit., 7. Received cash Rs. 1,25,000 /- from Mr. Ratna Das, 8. Purchase 3 tables @ 5,000 / - each for office use From AFF Furniture on, credit., 9. Paid cash to Aryan store rs. 1,00,000 /10. Paid to Narayani computer Rs. 60,000 / - and AFF Furniture rs 15,000 / -, ,  Settings for the Dr. Note and Cr. Note., 1., 2., 3., 4., , Press F11 Key for setting, Choose Accounting Features, Set Yes on “Use Debit/Credit Notes”, Press Enter until you accept data., ,  Debit Note (Ctrl+F9):, This voucher is made when we return purchased goods or trading items to the, suppliers or creditors., Cr., Dr., Cash/Bank., Creditors/Suppliers, , Purchase Return A/c, (made under Purchase a/c), Apply Returned stock item name, qty, and rate, ,  Credit Note(Ctrl+F8):, This voucher is made when our customer returns sold goods /trading items to us., Cr., Dr., Sales Return A/c, Under sales a/c, Apply Returned stock item name, qty, and rate, , Cash/ Bank, Customers /Debtors a/c

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https://sscstudy.com/, , Tally Notes, Practice, Sales returns (Credit Note.), 1. Sales Return of following items on cash :, 1. wai wai, 10 ctn, 2. mayos, 5 ctn, 3. mapro, 10 box, 4. Liril Soap, 5 box, 2. Sales Retrun of following items From Mr. Ratna Das., 1. Rumpum, 15 ctn, 2. Ruchi, 10 ctn, 3. kisan, 3 box, 4. LUX, 20 box, Purchase Returns (Debit Note), 1. Purchase Return of following items on cash:, 1. wai wai, 10 ctn, 2. mayos, 15 ctn, 3. mapro, 20 box, 4. Liril Soap, 10 box, 2. Purchase Return of following items to Aryan store:, 1. Rumpum, 25 ctn, 2. Ruchi, 15 ctn, 3. kisan, 5 box, 4. LUX, 30 box, , Mulitiple Godown:, Godown means a store for keeping the goods safe and secure. It may be warehouse,, rack, shelf or bin etc. It also includes principal's stock on consignment basis.,  Settings of Multiple Godown, 1. Press F11 from (From Gateway of tally or from Inventory Info Screen or from, Any screen)

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https://sscstudy.com/, , Tally Notes, 2. Choose Inventory features., 3. Set Yes on “Maintain Multiple Godowns”--- „yes‟, 4. Press Enter until you accept data., This option enables the Godowns option in Inventory info Screen.,  How to Create godown?, 1. Go to Inventory info, 2. Choose Godown, 3. Choose Create and press Enter., 1. Type Godown Name, 2. Choose “primary” on Under option(Choose other godown if you are, creating sub-godowns on under option), 3. Accept data., Now Godowns are created., Now when you purchase or sale the stock items tally asked you the godown name.,  How to Check Stock Items Godown wise?, o, o, o, o, , Go to Display from Gateway of tally., Choose Statements of Inventory, Choose Godowns, Choose Godown Name and see details of the stock items., , practice, Stock Item, , Godown, , Purchase, , Sales, , Waiwai, Mayos, Mapro, Liril, Rumpum, Ruchi, Kisan, LUX, , A, A, B, C, A, B, B, C, , 50, 40, 50, 60, 100, 75, 40, 80, , 30, 20, 25, 40, 60, 35, 20, 45, , Sales, Return, 10, 5, 10, 5, 15, 10, 3, 20, , Purchase, Return, 10, 15, 20, 10, 25, 15, 5, 30

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https://sscstudy.com/, , Tally Notes, Stock Journal, This vouchers is use to transfer Stock Items from one Godown to another Godown., This voucher is entered by ALT + F7 on Inventory Voucher., Source, Name of Item Godown, Qty Rate Amount,  Choose the Item name which you, want to transfer,  Choose Godown from where you, want to transfer,  Choose Quantity of Stock Item to, be transferred,  Give Rate of the stock Item,  Press Enter until Cursor moves, Destination column., , Destination, Name of Item, Godown, Qty Rate Amount,  Choose the Item name which you, want to Store.,  Choose Godown where you want to, Store,  Choose Quantity of Stock Item to, be Stored,  Give Rate of the stock Item, Press Enter until Accept Data., , Physical Stock., This voucher is used to closing the stock on the last of month or last of year, it known, as stock adjustment. On the physical counting, you find that the book stock and stock, found on physical verification may not match; a discrepancy may between the actual, stock and the computer stock figure. When the time is comes to close the stock at that, time count the physical stock and enter in physical stock voucher respectively., This voucher is entered by pressing ALT + F10 Key., , Memo Voucher:, This voucher is entered to remember any transaction. Any voucher entered through, Memo Voucher doesn‟t effect in other accounts like P/L a/c, B/L A/c or other books., Purchase and sales order processing.

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Tally Notes, Settings for enabling purchase order and Sales order., , , , , , , Go to inventory accounting from Gateway of tally., Press F11, Set “Allow Purchase order processing” ---Yes., Set “Allow Sales order processing” ------ Yes., Press Enter until you accept data., , Purchase order:, We make this voucher when we send order to suppliers to send us some goods/stock, items., It‟s an inventory voucher., , , , , , , , , , , Go to Inventory Voucher, Press ALT + F4 key, Choose Party‟s A/c Name: Cash or supplier a/c, Set Order Number:, Choose Purchase Ledger: Purchase a/c, Choose Stock Item name, Set Due Date, Set Qty and Rate., Press Enter until you accept Data., , Sales Order, We make this voucher when we receive an order from our customer to send goods or, stock items., It‟s also Inventory Voucher, , , , , , , , , , Go to Inventory Voucher, Press ALT + F5 Key, Choose Party‟s A/c Name: Cash or Customer a/c, Set Order Number:, Choose Sales Ledger: Sales a/c, Choose Stock Item name, Set Due Date, Set Qty and Rate., , Press Enter until you accept Data., , https://sscstudy.com/

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Tally Notes, Purchase following items to produce computer, S. No., 1.), 2.), 3.), 4.), 5.), 6.), 8.), 9.), 10.), , Name of Item, Hard Disk, Motherboard, CPU, RAM, Mouse, Keyboard, CD ROM, DVD, Monitor, , o, o, o, o, , Qty, 25 pcs, 30 pcs, 40 pcs, 50 pcs, 100pcs, 75 pcs, 30 Pcs, 40 pcs, 50 pcs, , Rate, 4000, 2800, 3500, 1200, 200, 300, 1200, 1800, 6500, 21500, , Godown, NGH, BHP, GKT, NGH, BHP, GKT, NGH, BHP, NGH, , From, Cash, Rabi suppliers, Nepal Computer, Cash, Cash, Nepal Computer, Rabi Suppliers, Cash, Nepal Computer, , Produce 20 computers using one item of each., Sale 5 computer on cash @ Rs. 25000 / - each., Sale 5 computer to Devine Organization @ Rs 26500 / - each., Sale 5 computer to AGPS, Samakhusi @ Rs 24000 / - each., , VAT (value added tax):, VAT is a system of indirect taxation, which has been introduced in lieu of sale, tax. It is the tax paid by the producers, manufactures, retailers or any other, dealer who add value to the goods and that is ultimately passed on to the, consumer. VAT has been introduced in India to ensure a fair and uniform, system of taxation. It is an efficient, transparent revenue-neutral, globally, acceptable and easy to administer taxation system. It benefits the common man, (consumer), businessman and Government., The cascading effect is brought about by the existing structure of taxation, where inputs are taxed before a commodity is produced and the output is taxed, after is produced. This causes an unfair double-taxation. However, is VAT, a, set off is given for input tax (tax paid on purchased).This result in the overall, tax burden being rationalized and a fall in price of goods., , https://sscstudy.com/

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Tally Notes, VAT PAYABLE= OUTPUT TAX- INPUT TAX, , Advantage of VAT:, , , , , , Uniform tax rates across the country., Simplify producers to help lower prices by eliminating the effects of taxation., Reduce total tax expenses and improve cash flows., It will also increase transparency in the way we do business., , Enabling VAT Returns, Go to Gateway of Tally> Accounts Info. > F11: Features > F3: Statutory & Taxation, 1. Set Enable Value Added Tax (VAT) to Yes, 2. Select Type of Dealer as Regular, 3. Enter the VAT Registration number, 4. Enter VAT Applicable from date, 5. Enter the Line of Business, 6. Enter RDO Code given by the Philippines Customs and Excise Department, , https://sscstudy.com/

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Tally Notes, 7., , Accept to save the changes., , Practice:, Purchase of Taxable Goods, Item Description, , Quantity(in Nos), , Rate, , Amount, , VAT, , Gold Jewellery, GI Pipes, Insulators, Silk Fabrics, Vacuum Cleaner, , 9, 160, 150, 10, 8, , 20,000, 150, 320, 5,000, 15,000, , 1,80,000, 24,000, 48,000, 50,000, 1,20,000, , 1%, 20%, 4%, 4%, 12.5%, , Quantity (in Nos), 4, 70, 65, 5, , Rate, 22,500, 400, 500, 17,500, , Amount, 90,000, 28,000, 32,500, 1,40,000, , VAT, 1%, 20%, 4%, 12.5%, , Sale of Taxable Goods, Item Description, Gold Jewellery, GI Pipes, Insulators, Vacuum Cleaner, , TDS (Tax Deducted at source), Tax deducted at source is one of the modes of collecting income tax from the, taxpayers as per the rates mentioned under IT Act and Rules. The deductor of the Tax, (TDS) deducts the tax form the deductee, on payment of specified incomes and, deposits the same to the credit of central government within the specified period along, with the challan in prescribed format., , TDS Features, 1. Simple and user-friendly, 2. Quick and easy to set up and use, 3. Create single Expenses Ledger for Multiple Nature of Payment, 4. Create single TDS Duty Ledger for Multiple Nature of Payment, 5. Book & Deduct TDS in the same voucher, 6. Single TDS deduction for multiple vouchers, 7. Single TDS deduction for Multiple Nature of Payments, , https://sscstudy.com/

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Tally Notes, 8. TDS deduction on partial applicable value, 9. Retrospective Surcharge Deduction, 10. Party wise configuration for Lower / Zero rate, 11. Party wise configuration to Ignore IT / Surcharge exemption Limit, 12. Deduction of TDS on advance payments, 13. TDS deduction on Non-Resident payments, 14. Reversal of TDS, To enable TDS Feature,  Go to Gateway of Tally > F11: Features > F3: Statutory & Taxation,  Set > Enable Tax deducted at Source to Yes,  Enable>Set/Alter TDS Details to Yes,  The Statutory & Taxation features screen appears as shown., , Practice, 1. On 1st April, 2009 Universal InfoTech received a Bill (vide No. 001) from, Phoenix Agencies for Rs. 50000 towards the Advertisement services rendered., 2. On April 8, 2009, payment of Rs. 49000 is made towards bill no. Bill-001 to, Phoenix Agencies for the purchase of Advertisement services, vide cheque no., 254781, 3. On May 6, 2009, Universal InfoTech, paid TDS of Rs. 1000 towards, Advertisement Expenses, vide cheque no. 056330 for the month of April, 2009., , https://sscstudy.com/

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Tally Notes, , Practical Starts From Here, , Account with inventory, Assignmen t 1:, Company name: Ta, , t a Company, , . (Year -1-4-2009 to 31-3-2010), , Ledger creation:, LEDGER, Cash in hand, ICICI bank, HDFC bank, Sam company, Avon company, Moon industry, Rolex industry, Max touch industry, DTDC company, Furniture, 1) Bike (stock group), Stock items, Karizma, Yamaha, CBZ, 2) Car (stock group), Stock items, Maruti swift, Honda city, Innova, , Qty, 4, 8, 3, , Qty, 4, 1, 3, , OPENING, BALANCE, RS. 50000, Rs. 4000, Rs. 6000, Creditors, Creditors, Creditors, Debtors, Debtors, Debtors, Rs. 10000, , Rate(each), 70000, 30000, 55000, , Rate(each), 120000, 600000, 300000, , https://sscstudy.com/

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Tally Notes, Purchased/ sale:, 1-5-2009, 2 Yamaha sold to Max touch industry of Rs. 40000 each/-(ref-1111), 1-6-2009, 3 Innova sold to DTDC company of Rs.400000/- (ref-2035), 1-7-2009, purchased 3 CBZ from Sam and Company of Rs. 60000/- (ref-4501), 1-8-2009, purchased 1 Maruti Swift from Moon industry of Rs. 3, 50,000/-(ref-4502), Contra voucher:, 1-6-2009, 1-7-2009, 1-7-2009, 1-8-2009, 1-9-2009, 1-10-2009, 1-12-2009, 1-1-2010, 1-2-2010, 1-3-2010, , Cash Of Rs 3000/-Deposit Into HDFC Bank., Cash Of Rs. 4500/- Deposit Into ICICI Bank., Cheque (ICICI) Deposit Into HDFC Bank Of Rs. 1500/Cash Of Rs.2000/- Withdrawn From ICICI Bank., Cheque (HDFC) Deposit Into ICICI Bank Of Rs. 1000/Cash Withdrawn From HDFC Bank Of Rs. 5000/Cash Withdrawn From ICICI Bank Of Rs. 1500/Cheque Deposit Into HDFC Of Rs.2500/- From ICICI Bank., Cash Withdrawn From HDFC Bank Of Rs. 1500/-., Cash Withdrawn From HDFC Bank Of Rs. 500/-., , Receipt and payment voucher:, 2-6-2009, 3-7-2009, 5-8-2009, 5-9-2009, 7-7-2009, 8-8-2009, 10-10-2009, 11-11-2009, 12-12-2009, 5-1-2010, 6-6-2009, 9-7-2009, 15-7-2009, 16-8-2009, 3-9-2009, 10-8-2009, 12-10-2009, 17-11-2009, , Cash receive of Rs.30000/- from Max Touch industry, Cheque (ICICI) receive by DTDC company of Rs.200000/Cash paid to Sam & company of Rs.25000/Paid cheque (ICICI) to Moon industry of Rs.125000/Cash received from DTDC company Rs.80000/Cheque (HDFC) received from DTDC company of Rs.100000/Paid cheque (HDFC) to Moon industry of Rs.75000/Paid cash to Sam & company of Rs25000/Cash received from DTDC company of Rs.15000/Paid cash to Sam & company of Rs.10000/Paid for salary of Rs.500/Paid cheque (ICICI) of Rs.900/- for electricity bill, Paid Telephone bill of Rs.450/Paid cheque (HDFC) for Rent of Rs. 2500/Paid wages of Rs. 600/- by cash, Paid cheque( ICICI) of Rs.1000/- for stationery, Cash receive of Rs. 45000/- from Max touch industry with discount of Rs. 5000/Cash paid to Sam & company of Rs.56000/- with discount of Rs. 4000/-, , Journal voucher:, 12-2-2010, 31-3-2010, , Bad debts of Rs.250/- from DTDC company, Depreciation Rs.100/- on furniture, , https://sscstudy.com/

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Tally Notes, Debit and credit note voucher:, 7-8-2009, 15-8-2009, , 1 CBZ returned to Sam & company, 2 Innova returned from DTDC company, , Assignmen t 2:, Company name: me, , t a l Company (year 2011-2012), , Ledger, HDFC, DCB, Cash, Furniture, , Opening Bal, 80000, 10000, 35000, 25000, , Land, , 70000, , Purchased voucher:, Date, 1.4.2011, 12.5.2011, 6.7.2011, 9.9.2011, 9.10.2011, , Bill, no., 101, 102, 103, 104, 105, , Party name, , Stock item, , Unit, , price, , Godowns, , Raj, Salman, Rehan, Hasan, Salman, , T.V, Computer, Nokia Mobile, Computer, I Pad, , 5, 4, 6, 3, 8, , 20000, 35000, 16000, 25000, 4000, , Nagpada, Powai, Nagpada, Nagpada, Nagpada, , Sale voucher:, Date, 5.4.2011, 25.5.2011, 9.7.2011, 15.9.2011, 15.10.2011, , Bill, no., 301, 302, 303, 304, 305, , Party name, , Stock item, , Unit, , price, , Godwan, , Ahmed, Gaus, Jay, Ismail, Ajay, , I Pad, Computer, Computer, T.V, Nokia Mobile, , 5, 2, 2, 4, 5, , 9000, 33000, 42000, 28000, 23000, , Powai, Nagpada, Powai, Powai, Powai, , Receipt voucher:, Date, 12.4.2011, , Party name, Ahmed, , amount, 45000, , Cash discount, 5%, , https://sscstudy.com/

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Tally Notes, 2.6.2011, 15.7.2011, 23.9.2011, 30.10.2011, , Gaus, Jay, Ismail, Ajay, , 66000, 84000, 112000, 115000, , 6%, 4%, 4%, 3%, , Party name, Raj, Salman, Rehan, Hasan, salman, , amount, 100000, 140000, 96000, 75000, 32000, , Cash discount, 5%, 8%, 9%, 5%, 4%, , Payment voucher, Date, 10.4.2011, 20.5.2011, 15.7.2011, 25.9.2011, 30.10.2011, , Journal voucher:, 31.3.2012, 31.3.2012, , Depreciation (land), Depreciation (Furniture), , 5%, 6%, , Assignmen t 3:, Company name: Re, , l i ance Company, , Ledger, HDFC, DCB, Cash, Furniture, , Item name, Nokia, Washing machine, MP3, Long book, LG Mobile, TATA Indicom, T.V, , (year 2010-2011), Opening Bal, 50000, 80000, 15000, 20000, , Group, Mobile, Electronic, Electronic, Stationery, Mobile, Mobile, Electronic, , Qty, 3, 5, 2, 20, 8, 15, 5, , Rate(each), 4500, 8000, 2500, 20, 4000, 2000, 7000, , https://sscstudy.com/

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Tally Notes, DVD, Parker pen, Register, Reliance, Computer, Campos box, Camera, Pencil, Sony Ericson, Files, Vodafone, MP4, I-pod, , Electronic, Stationery, Stationery, Mobile, Electronic, Stationery, Electronic, Stationery, Mobile, Stationery, Mobile, Electronic, Electronic, , 6, 30, 50, 20, 7, 50, 15, 80, 10, 30, 15, 10, 15, , 4000, 2500, 40, 1500, 20000, 30, 12000, 10, 8000, 20, 7500, 3000, 1500, , Purchased voucher:, Date, 1-4-10, 1-5-10, 1-6-10, 1-7-10, 1-8-10, 1-9-10, 1-10-10, 1-11-10, 1-12-10, 1-1-10, 1-2-10, , Ref, 101, 209, 708, 590, 360, 856, 1456, 789, 456, 985, 869, , Party name, Shiny brother, Anchor, Hi-tech, Start electronic, Tips, Navneet, Start electronic, Hi-tech, Navneet, Tips, Start electronic, , Item, I pod, Washing-M, Reliance, TV, Computer, Files, Vodafone, MP4, Parker, Camera, Nokia, , Transaction, Credit, Credit, Cash, HDFC, Credit, Cash, DCB, Cash, Cash, Credit, credit, , Qty, 3, 2, 4, 3, 2, 12, 5, 4, 15, 2, 10, , Rate, 2000, 9000, 3500, 8000, 22000, 40, 6000, 4000, 400, 15000, 4500, , Amt, 6000, 18000, 14000, 16000, 44000, 480, 30000, 16000, 6000, 30000, 45000, , Sale voucher:, Date, 5-4-2010, , Ref Party name, 5201 Avon brother, , 5-5-10, 5-6-10, 5-7-10, 5-8-10, 15-8-10, 5-9-10, 20-9-10, 5-10-10, , 5202, 5203, 5204, 5205, 5206, 5207, 5208, 5209, , Sony & sons, Max touch, Sony & sons, Zebron, Max touch, Avon brother, Max touch, Venus, , Items, Washingm, TV, I-pod, DVD, Nokia, LG, Camera, I-pod, Parker pen, , Transaction, Credit, , Qty rate, Amt, 2, 10000 20000, , Credit, Cash, Credit, Cash, HDFC, Credit, DCB, Cash, , 5, 2, 3, 10, 3, 4, 3, 5, , 9500, 3500, 4500, 5000, 4000, 16000, 4000, 450, , 47500, 7000, 13500, 50000, 12000, 64000, 12000, 2250, , https://sscstudy.com/

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Tally Notes, 25-10-10, 5-11-10, 5-12-10, 5-1-11, , 5210, 5211, 5212, 5213, , Zebron, Mike corporate, Hi-tech, Swift corporation, , 5-2-11, 5-3-11, , 5214 Mike corporation, 5215 Hi-tech, , MP3, Computer, Register, TATA–, Indi, DVD, Parker pen, , HDFC, Credit, Cash, DCB, , 2, 3, 25, 4, , 3500, 25000, 45, 6500, , 7000, 75000, 1125, 26000, , Cash, Credit, , 3, 10, , 5000, 550, , 15000, 5500, , Payment voucher:, Date, 5-5-2010, 25-5-2010, 6-6-2010, 8-7-2010, 3-9-2010, 12-2-2011, 30-2-2011, 5-3-2011, , Angst bill, 101, , 209, 360, 869, 985, , Party name/expense, Shiny brother, Salary, commission, Anchor, Tips, Start electronic, Tips, Rent, , Transaction, HDFC, cash, cash, cash, HDFC, DCB, HDFC, cash, , Amount, 4000, 2500, 2000, 18000, 44000, 30000, 30000, 3000, , Receipt voucher, Date, 17-5-2010, 25-6-2010, 30-7-2010, 30-7-2010, 12-9-2010, 20-9-2010, 5-10-10, 25-3-2011, 28-3-2011, , Angst bill, 5201, 5202, 5204, 5207, 5215, 5211, , Party name/income, Avon brother, Commission, Sony & sons, rent, Sony & sons, debenture, Avon brother, Hi-tech, Mike corporate, , Transaction, HDFC, Cash, DCB, Cash, DCB, HDFC, HDFC, DCB, HDFC, , Amount, 20000, 5000, 47000, 1200, 13500, 500, 64000, 5500, 50000, , Debit and credit note:, Date, 5-10-2010, 15-2-2011, 3-3-2011, , Angst, no, 101, 5211, 869, , bill, , Party name, , Items, , Qty, , Rate, , Shiny brother, Mike corporate, Start electronic, , I pod, Computer, Nokia, , 1, 1, 2, , 2000, 25000, 4500, , https://sscstudy.com/

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Tally Notes, Journal voucher, Date, , Angst bill, no, 5202, , 13-8-2010, 31-3-2011, , Particular, , Amt, , Bad debts(Sony & sons), Depreciation(furniture), , 500, 5%, , Assignmen t 4:, Company name: Koda, , k (1-4-2010 to 31-3-2011), , Ledger, , Opening bal, , SBI bank, , Rs.20000, , DCB Bank, , Rs.30000, , Cash, , Rs.100000, , Naaz pvt ltd, , Debtors, , Singh industry, , Debtors, , Rafi & company, , Debtors, , Bashir industry, , Creditors, , Sayyed pvt ltd, , Creditors, , Disooza & company, , Creditors, , Machinery, , Rs.50000, , Land, , Rs.100000, , Furniture, , Rs.30000, , Group, , Items, , Qty, , Rate (Rs), , Shirt, , Apple, Spykar, Lee cooper, Reebok, , 5, 10, 5, 7, , 500, 1000, 1400, 800, , T- Shirt, , https://sscstudy.com/

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Tally Notes, Addidas, Cottons, , 4, 6, , 1200, 1100, , Date, , Particulars, , 5-4-2010, 7-4-2010, , 1-1-2011, , 5 Spykar shirt sold to sing industry of Rs. 1500/- each.(ref.S100), Purchased 5 Reebok T-shirt from Bashir industry worth Rs. 1400/- each., (ref.P2356), 4 Apple shirt sold to Rafi & company of Rs. 800/- each.(ref.S101), Purchased 10 Lee Cooper Shirt From Disoza & company worth Rs., 1600/- each(ref.P6456), Purchased 2 cottons T-shirt from Sayyed pvt ltd. Worth Rs. 1300/- each., (ref.P563), 2 Reebok T-shirt sold to Naaz pvt Ltd. Worth Rs. 1000/- each. (ref.S102), Purchased 3 Addidas T-Shirt from Bashir industry worth Rs. 1500/.(ref.P2357), 2 Lee cooper sold to Rafi & company worth Rs. 1600/-.(ref.S103), Purchased 1 Spykar Shirt from Bashir industry worth Rs. 1200/.(ref.P2358), Purchased 4 Apple Shirt from Disoza & company worth Rs.700/- (ref, P2001), Sold 5 Lee cooper Shirt to Rafi & company Worth Rs.1800/- (ref S2359), , 25-4-2010, 13-5-2010, 9-6-2010, 15-7-2010, 25-8-2010, 9-9-2010, 4-10-2010, 8-11-2010, 27-12-2010, , Paid convenes charge of Rs. 150/Paid wages of Rs. 1500/Salary paid of Rs. 1000/Office stationery paid by cheque(SBI) of Rs. 3500/Bad debts of Rs. 500/- on Singh industry.(agnst ref.100), Paid wages through cheque(DCB) of Rs.1000/Deprecation of Rs.2000/- charge on machine., Cheque(SBI) paid for telephone bill of Rs. 540/Cheque(DCB) paid for electricity bill of Rs. 350/-, , 6-4-2010, 8-5-2010, 3-6-2010, 7-7-2010, 15-8-2010, 25-9-2010, 6-10-2010, 28-10-2010, 6-11-2010, 3-12-2010, , Cash of Rs. 10000/- deposit into SBI bank., Cash of Rs. 7000/- Deposit into DCB bank., Cheque (DCB) deposit into SBI bank of Rs. 1500/Cash of Rs.5000/- withdraw from SBI Bank., Cheque (SBI) deposit into DCB bank of Rs. 3500/Cash withdraw from DCB bank of Rs.7000/Cash withdraw from DCB bank of Rs.3000/Cheque deposit into DCB bank of Rs. 12000/- from SBI bank, Cash withdraw DCB Bank of Rs.4500/Cash withdraw SBI bank of Rs.2000/-, , 1-5-2010, 1-6-2010, 1-7-2010, 1-8-2010, 1-9-2010, 1-10-2010, 1-11-2010, 1-12-2010, , https://sscstudy.com/

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Tally Notes, 5-5-2010, 15-10-2010, , 5-1-2011, 10-1-2011, 25-1-2011, , Cash receive of Rs.4000/- from Singh industry. (agnst ref.S100), Cheque (DCB) receive by Rafi & company worth Rs.3200/-.(agnst, ref.S101), Paid cash to bashir industry of Rs.5000/-( agnst ref.P2356), Paid cheque (SBI) to Disoza & company worth Rs.12000/-( agnst, ref.P6456), Cash received from Naaz Pvt Ltd. Of Rs.2000/-( agnst ref.S102), Cheque (DCB) receive from Singh industry Rs.2000/-.( agnst ref.S100), Paid cheque(DCB) to Bashir industry worth Rs.5700/-( agnst ref.P2357, & P2358), Paid cash to Disooza company of Rs. 4100/-( agnst ref.P6456 & 2001), Cash received from Singh industry ofRs.1000/-( agnst ref.S100), Paid cash to Bashir industry of Rs.2000/-( agnst ref.P2356), , 9-12-2010, 15-1-2011, , 2 Apple shirt return to Disoza & company worth Rs. 700/- (ref 2001), 1 Lee cooper shirt return from Rafi & company of Rs. 1800/-(ref 2359), , 25-5-2010, 13-6-2010, 15-9-2010, 30-6-2010, 12-12-2010, , Assignmen t 5:, Company name: Sony (1-1-2010 to 31-12-2010), LEDGERS, Mehta industry, Avon steel company, Jakti trader, Soft tech company, Max traders, Kane & son, Toni brothers, Iron & steel company, Wages, Salary, Machinery, building, Furniture, Cash, Mercantile bank, Bank of Baroda, Loan liabilities, , OPENING BAL, Debtors, Debtors, Debtors, Debtors, Creditors, Creditors, Creditors, Creditors, Rs.500, Rs.200, Rs.50000, Rs.100000, Rs.25000, Rs.30000, Rs.20000, Rs.15000, Rs.75000, , https://sscstudy.com/

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Tally Notes, Capital A/c, , Stock group, Electronic, , Computer, , Date, 1-1-2009, 1-2-2009, 1-1-2009, 1-2-2009, 1-3-2009, 1-4-2009, 5-4-2009, 4-4-2009, 5-4-2009, 13-2-2009, 25-3-2009, 3-4-2009, 15-4-2009, 14-2-2009, 28-2-2009, 15-3-2009, , Ref, No, 001, 002, 111, 222, 003, 004, 005, 333, 006, , Rs.100000, , Item, Washing, machine, fridge, MP3, TV, AC, Monitor, Hard disk, RAM, CPU, Mother board, Key board, mouse, , Qty, 7, , Rate(Rs.), 6000, , 5, 10, 6, 5, 5, 10, 20, 7, 9, 12, 20, , 7000, 12000, 7000, 6800, 4500, 2400, 900, 4000, 3500, 200, 400, , Descriptions, Sold 4 CPU Of Rs.4500/- To Soft-Tech Company., Sold 3 Mother Board Of Rs.4000/- To Soft-Tech Company., Purchased 4 TV Of Rs.7000/-From Kane & Sons., Purchased 8 AC Of Rs. 6000/- From Max Traders., Sold 10 RAM Of Rs.1000/ To Mehta Industry ., Sold 5 Hard Disk Of Rs.2500/- To Mehta Industry., Sold 4 Washing Machines Of Rs.7000/- To Jakti Trader., Purchased 5 MP3 Of Rs.5000/- From Toni Brothers., Sold 1 TV Of Rs.7000/- To Avon Steel Company., Receive Cash Of Rs.12000/-From Soft-Tech Company Against, Bill No 002., Received Cheque(Bank Of Baroda) Of Rs.4000/- From Mehta, Industry Against Ref No. 003., Received Cash Of Rs. 1000/- From Mehta Industry Against Ref, No. 003., Received Cheque (Mercantile Bank) Of Rs. 12500/- From Mehta, Industry. Against Ref No. 004., Paid Cheque (Mercantile Bank) Of Rs.24000/- To Max Trader, Against Ref No. 222., Paid Cash Of Rs. 4000/- Against Bill No. 222., Paid Cheque (Bank Of Baroda) To Max Trader Of Rs. 10000/Against Ref No.222., Paid Cash To Toni Brothers Of Rs.10000 Against Ref No.333., , https://sscstudy.com/

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Tally Notes, 17-3-2009, 18-1-2009, 7-3-2009, 27-3-2009, 19-4-2009, 20-5-2009, 25-5-2009, 12-6-2009, 23-6-2009, 30-6-2009, 3-7-2009, 10-7-2009, 14-7-2009, 26-7-2009, 5-8-2009, 14-8-2009, 23-8-2009, 27-8-2009, 30-8-2009, , Paid Cash Of Rs. 8000/- To Max Traders Against Bill No. 222., Paid Cheque (Bank Of Baroda) Of Rs.2000/-To Max Traders, Against Ref No. 222., Purchased Return 2 TV Of Rs.7000/- To Kane & Sons Against, Ref No. 111., Sales Return 4 RAM Of Rs. 1000/- From Mehta Industry Against, Ref. No. 003., Purchased Return 3 MP3 Of Rs. 5000/- From Toni Brother, Against Ref No. 333., Sales Return To 2 Washing Machines Of Rs. 7000/- From Jakti, Trader Against Ref No. 005., Sales Return 3 CPU Of Rs. 4500/- From Soft-Tech Company, Against Ref. No.001., Office Expenses Paid By Cheque ( Mercantile Bank) Of Rs. 300/Received Cash From Jakti Trader Rs.14000/- Against Ref No.005., Paid Cash Of Rs. 1000/- To Mehta Industry. Against Ref No 003., Received (Bank Of Baroda) Of Rs. 4500/- From Soft-Tech, Company., Bad Debts Of Rs.1500/- On Avon Steel Company Against Ref No, 006., Depreciation Of Rs. 2000/- On Machinery And Rs.3000/- On, Furniture., Rs 5000/- Withdraw For Personal Use (Mercantile Bank)., Paid Cash Salary Of Rs. 2000/-., Paid Wages By Cheque (Mercantile Bank) Of Rs.1000/-., Receive Cheque (BOB) To Avon Steel Company Of Rs. 5500/Against Ref. No. 006., Cash Deposit In BOB Into Mercantile Of Rs 3000/-., Cash Withdraw From Mercantile Bank Of Rs.2000/-., Paid Cash Of Rs.14000/- To Kane & Sons Against Ref No.111., , https://sscstudy.com/

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Tally Notes, Assignmen t 6:, , Info-mart Pvt ltd, Balance sheet as on 31st March 2011, Amount, , Assets, , Share capital, , Liabilities, , 545000, , Loan from directors, , 317000, , Provision, for, depreciation, Loan, from, IDBI, against motor car, Outstanding expenses, , 50000, , Deposit, premises, Investment, debenture, Motor car, , 200000, , Bank of India, , 283000, , Cash in hand, , 59000, , Closing stock, , 180000, , , , , Electricity, Telephone, , Amount, , 5000, 5000, , Amount, , Amount, , for, , 200000, , in, , 100000, 300000, , 10000, 1122000, , 1122000, , Stock statement as on 31st March 2011, GROUP, , CATERGORIES, HCL, , CPU, IBM, View Sonic, Monitor, , Micro-Teck, , ITEMS, 486, 386, P1, P2, 15” Color monitor, 21” Color monitor, 15” Mono monitor, 21” Mono monitor

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Tally Notes, Stock as per schedule on 31st March 2011, Sr., No., , Items, , Purchased, Price, , Sale, Price, , Units, , Godown, , 1, 2, , 486, 386, , 7000, 5000, , 10000, 8000, , 6, 4, , Andheri, Andheri, , 3, 4, 5, 6, , P1, P2, 15” Color monitor, 21” Color monitor, , 10000, 12000, 5000, 5500, , 13000, 15000, 7500, 8000, , 4, 4, 5, 6, , Andheri, Andheri, Kural, Kural, , 7, , 15” Mono monitor, , 3000, , 5000, , 4, , Kural, , 8, , 21” Mono monitor, , 3500, , 7500, , 4, , Kural, , PURCHASE VOUCHER, (ASSUME IN CREDIT), DATE, 5-4-11, , BILL, NO, HS4, , Party, name, Hyundai, , 5-6-11, 15-8-11, , W50, W55, , Wipro, Wipro, , 19-1011, 25-1211, 5-1-12, , DM5, , Delta, , BK15, , BootMark, Rolta, , RL25, , Name, of, items, 486, 386, P1, P1, P2, 15” Color, 21”Color, 15” Mono, 21” Mono, P2, P1, 15” Color, 21”Color, , Godown, , quantity, , Andheri, , 3, 2, 3, 5, 5, 5, 5, 3, 3, 5, 5, 5, 5, , Andheri, Andheri, kurla, kurla, Andheri, Andheri, Kurla, kurla, , Per Unit, (price), 7000, 5000, 10000, 10000, 12000, 5000, 5500, 3000, 3500, 12000, 10000, 5000, 5500, , Amount, 31000, 30000, 110000, 52500, 19500, 162500

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Tally Notes, SALE VOUCHER, (ASSUME IN CREDIT), DATE, , BILL, NO, , Party, name, , 2-5-11, , PS1, , 8-7-11, , PS2, , 15-911, , PS3, , S, R 486, enterprises 386, A, S P2, Trading, P1, P2, Ramon, 15” Color, line, 21”Color, , 19-1111, 25-112, 23-312, , PS4, PS5, PS6, , Name, items, , K.T., computers, Videocon, Ltd, Baron, InfoTech, , of, , 15” Mono, 21” Mono, P1, P2, 486, , Godown, , quantity, , Andheri, Andheri, , 2, 2, 2, , Per, Unit, (price), 10000, 8000, 15000, , Andheri, Andheri, Kurla, Kurla, , 6, 6, 6, 6, , 15000, 13000, 15000, 8000, , Kurla, , 5, 5, 6, 5, 3, , 5000, 7500, 25000, 24500, 9000, , Andheri, Andheri, , Amount, , 36000, 30000, , 261000, 62500, 272500, 27000, , RECEIPT VOUCHER, (1-4-2011 to 31-3-2012), Date, , Bill No. Party Name, , 3-6-11, 8-8-11, 1-10-11, , PS1, PS2, , 15-10-11, , PS3, , 20-10-11, 21-12-11, 27-2-12, 1-3-12, 31-3-12, , PS3, PS4, PS5, , S R Enterprises, A S Trading, Interest on, investment, Ramon line, Ramon line, K.T. computers, Videocon, Commission, Interest on, investment, , Mode, of Cheque No, Payment, Cash, -----Cheque, 85988, Cheque, 1252, , Amount, , Cheque, Cash, Cheque, Cheque, Cheque, Cheque, Cheque, , 190000, 10000, 61000, 62500, 272500, 5000, 7500, , 85989, ------8939, 7132, 7555, 1238, 20251, , 36000, 30000, 7500

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Tally Notes, PAYMENT VOUCHER, (1-4-2011 to 31-3-2012), Date, , Bill No., , Party Name, , 6-5-11, , PT5, , 6-6-11, 13-8-11, 14-10-11, , HS4, W50, W55, , Purchase, furniture, Hyundai, Wipro, Wipro, , 20-12-11, 27-12-11, 31-1-12, 5-2-12, , DM5, BK15, , Delta, Boot Mark, Salary, Rent, , Mode, Payment, of Cheque, Cheque, Cheque, Cheque, Cash, Cheque, Cash, Cheque, Cash, , of, , Cheque No, , Amount, , 75161, , 50000, , 75162, 75163, 75164, -------75165, -------75166, -------, , 24000, 30000, 100000, 10000, 52500, 16500, 3000, 2000, , Other information, 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, , On 10th April, one 486 CPU returned to Hyundai against bill no HS4.(Andheri, Godown), On 26th December, one 15” Mono Monitor found defective and returned to Boot, mark against bill no. BK15(kurla Godown), On 25th march 486 CPU received from Baron Info Tech as defective against bill NO., PS6 and kept in Andheri Godown, On 4th June cash deposit in bank Rs.36000/On 16th October cash deposit in bank RS.10000/On 29th April cash withdrawn from bank Rs.30000, On 30th May cash withdrawn from bank Rs.45000/On 29th June cash withdrawn from bank Rs.47000/On 13th October cash withdrawn from bank Rs.15000/Provide depreciation on Fixed assets @20%, , Assignmen t 7 : (VAT), Company name: Cen t e r one shopping cen t e r . (1.4.2011 to 31.3.2012), ledger, , Opening balance

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Tally Notes, SBI bank, Dena Bank, Furniture, Computer, Land & building, Cash in hand, , 50000, 45000, 38000, 50000, 100000, 50000, , Purchased Entry, Date, , Bill No., , 1.4.2011, 5.4.2011, 6.4.2011, 8.4.2011, 9.4.2011, 15.4.2011, , P865, P789, P698, P3577, P685, P235, , Party, Name, Jilani, Hussain, Akbar, Bilal, Jilani, Saad, , 19.4.2011, 20.4.2011, 22.4.2011, 24.4.2011, 28.4.2011, , P028, P608, P963, P758, P693, , Anas, Akbar, Akbar, Junaid, Akbar, , Date, , Bill No., , 1.5.2011, , S125, , 5.5.2011, 6.5.2011, , S126, S127, , Party, Name, Abdul, Qadir, Shoeb, Ubaid, , 7.5.2011, 10.5.2011, 12.5.2011, 16.5.2011, 18.5.2011, 20.5.2011, , S128, S129, S130, S131, S132, S133, , Zaid, Umaar, Aman, Hasan, Ahmed, Salim, , Item, , Qty, , Rate, , Vat, , Gold Ring, Wrist Watch, Pepsi, Bicycles, Silver Earring, Green, Tea Leaf, Glucose-D, 7-Up, Mangola, Video Game, Tums Up, , 1, 3, 8, 2, 1, 4, , 20000(no), 6000(no), 60(btl), 3500(no), 6500(no), 800(box), , 1%, 12.5%, 20%, 4%, 1%, 4%, , 5, 3, 5, 2, 9, , 150(box), 72(btl), 75(btl), 8000(pcs), 50(btl), , 4%, 20%, 20%, 12.5%, 20%, , Item, , Qty, , Rate, , Vat, , Glucose-D, , 3, , 400, , 4%, , Gold Ring, Green, Tea Leaf, Wrist Watch, Bicycles, Silver Earring, Tums Up, Video Game, Pepsi, , 1, 3, , 35000, 1300, , 1%, 4%, , 1, 1, 1, 5, 1, 7, , 10000, 7000, 9800, 90, 11000, 110, , 12.5%, 4%, 1%, 20%, 12.5%, 20%, , Sale Entry