St.

PAUL’S DEGREE COLLEGE

(Affiliated to Osmania University)
Street No. 8, Himayathnagar, Hyderabad. Ph. No. 27602533

B.COM First Year [General, Computers & Computer Applications]

Financial Accounting – Tally ERP.9 - Practical Record Material

Problem 1 & Problem 42:

Create a Company with your name full details. Enter 10 cash and 5 Bank transactions and
display the Cash Book and Bank book.
Sl. No. Business Transactions
1 Mahesh Started Business worth Rs. 200000
2 Cash Purchases Rs. 10000
3 Purchases from Mohan for cash Rs. 20000
4 Cash Sales Rs. 25000
5 Goods sold to John for cash Rs. 30000
6 Salaries Paid Rs. 15000
7 Commission Received Rs. 5000
8 Rent Paid Rs. 7000
9 Received from Rajini Rs.20000
10 Paid Rs. 10000 to Rakesh.
11 Deposited into Bank Rs. 28000
12 Withdrew from Bank Rs. 12000
13 Paid Insurance Premium through cheque Rs. 5000
14 Purchased Furniture and paid amount through cheque Rs. 6000
15 Paid for Advertisement through cheque Rs. 3000

Step 1: Creation of Company: Gateway of Tally -> Creation of Company

Step 2: Creation of Ledger Accounts: Gateway of Tally-> Accounts Info -> Ledgers -> Create

Sl. No. Name of Ledger Under Opening Balance

1 Mahesh’s Capital A/c Capital Account
2 Purchases A/c Purchase Accounts
3 Rakesh A/c Sundry Creditors
4 Sales A/c Sales Accounts
5 Rajini A/c Sundry Debtors
6 Salaries A/c Indirect Expenses
7 Commission Received A/c Indirect Incomes
8 Rent A/c Indirect Expenses
9 Bank A/c Bank Accounts
10 Insurance Premium A/c Indirect Expenses
11 Furniture A/c Fixed Assets
12 Advertisement A/c Indirect Expenses
Step 3: Enter Transactions: Gateway of Tally -> Accounting Vouchers
 St. PAUL’S DEGREE COLLEGE Ph.No. 27602533

Date Particulars Dr Cr Voucher

[Function Keys]
1 Cash A/c Dr 200000
To Mahesh’s Capital A/c 200000 F6
[Being Mahesh Started business with Cash]
2 Purchases A/c Dr 10000
To Cash A/c 10000 F9
[Being Cash Purchases Made]
3 Purchases A/c Dr 20000
To Cash A/c 20000 F9
[Being Cash Purchases Made]
4 Cash A/c Dr 25000
To Sales A/c 25000 F8
[Being Cash Sales Made]
5 Cash A/c Dr 30000
To Sales A/c 30000 F8
[Being Cash Sales Made]
6 Salaries A/c Dr 15000
To Cash A/c 15000 F5
[Being salaries paid through cash]
7 Cash A/c Dr 5000
To Commission Received A/c 5000 F6
[Being Commission received]
8 Rent A/c Dr 7000
To Cash A/c 7000 F5
[Being Rent Paid]
9 Cash A/c Dr 20000
To Rajini A/c 20000 F6
[Being cash received from Rajini]
10 Rakesh A/c Dr 10000
To Cash A/c 10000 F5
[Being cash paid to Rakesh]
11 Bank A/c Dr 28000
To Cash A/c 28000 F4
[Being cash deposited into bank]
12 Cash A/c Dr 12000
To Bank A/c 12000 F4
[Being cash withdrawn from bank]
13 Insurance Premium A/c Dr 5000
To Bank A/c 5000 F5
[Being Insurance Premium paid through cheque]
14 Furniture A/c Dr 6000
To Bank A/c 6000
F5
[Being Furniture purchased through
cheque]
15 Advertisement A/c Dr 3000
To Bank A/c 3000 F5
[Paid for advertisement through cheque]

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Financial Accounting – Practical Problems with Solutions – Tally. ERP 9
 St. PAUL’S DEGREE COLLEGE Ph.No. 27602533

Output 1: Gateway of Tally -> Display -> Account Books -> Ledger -> Bank A/c

Output 2: Gateway of Tally -> Display -> Account Books -> Ledger -> Cash

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Financial Accounting – Practical Problems with Solutions – Tally. ERP 9
 St. PAUL’S DEGREE COLLEGE Ph.No. 27602533

Problem 2 & Problem 43

Show the balance sheet of XYZ Company, with the following accounts, under relevant groups
with imaginary figures:
5 Fixed assets a) Land b) Building c) Machinery d) Furniture e) Goodwill
5 Current assets a) Trade Debtors b) Stock c) Bills Receivable d) Bank e) Cash
2 Loan accounts a) Loan from Andhra Bank b) Loan from Ramu
1 Capital account.
Step 1: Creation of Company: Gateway of Tally -> Creation of XYZ Company
Step 2: Creation of Ledger Accounts
Company Info -> Esc -> Gateway of Tally-> Accounts Info -> Ledgers -> Create

Sl. No. Name of Ledger Under Opening Balance

1 Land A/c Fixed Asset 100000
2 Building A/c Fixed Asset 300000
3 Machinery A/c Fixed Asset 200000
4 Furniture A/c Fixed Asset 50000
5 Goodwill A/c Fixed Asset 400000
6 Trade Debtors A/c Current Asset 60000
7 Stock A/c Stock In Hand 40000
8 Bills Receivable A/c Current Asset 20000
9 Bank A/c Bank Accounts 500000
10 Cash A/c Cash In Hand 100000
11 Loan from Andhra Bank A/c Current Liability 300000
12 Loan from Ramu A/c Current Liability 200000
13 Capital Account A/c Capital Account 1270000
Output: Gateway of Tally -> Balance Sheet

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Financial Accounting – Practical Problems with Solutions – Tally. ERP 9
 St. PAUL’S DEGREE COLLEGE Ph.No. 27602533

Problem 3:
Assuming your own figures prepare a cash book for the following cash
transactions:
a) Ramu brought in cash towards Capital Rs.25,000.
b) Deposited into bank Rs.20,000
c) Purchased goods Rs.3,000
d) Sale of goods worth Rs.8,000
e) Paid to Hrithik ( a supplier) Rs.5,000
f) Received from Mohan ( a customer) Rs.6,000.
Step 1: Creation of Company: Gateway of Tally -> Creation of Company
Step 2: Creation of Ledger Accounts
Company Info -> Esc -> Gateway of Tally-> Accounts Info -> Ledgers -> Create
Sl. No. Name of Ledger Under Opening Balance
1 Ramu’s Capital A/c Capital Account
2 Bank A/c Bank Accounts
3 Purchase A/c Purchase Accounts
4 Sale A/c Sales Accounts
5 Hrithik A/c Sundry Creditor
6 Mohan A/c Sundry Debtor
Step 3: Enter Transactions: Gateway of Tally -> Accounting Vouchers

Date Particulars Dr Cr Voucher

[Function Keys]
1 Cash A/c Dr 25000
To Ramu’s Capital A/c 25000 F6
[Being Ramu Started business with Cash]
2 Bank A/c Dr 20000
To Cash A/c 20000 F4
[Being cash deposited into bank]
3 Purchases A/c Dr 3000
To Cash A/c 3000 F9
[Being cash purchases made]
4 Cash A/c Dr 8000
To Sales A/c 8000 F8
[Being Cash Sales Made]
5 Hrithik A/c Dr 5000
To Cash A/c 5000 F5
[Being credit sales made with John]
6 Cah A/c Dr 6000
To Mohan A/c 6000 F6
[Being salaries paid through cash]

Output: Gateway of Tally -> Display -> Account Books -> Ledger -> Cash

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Financial Accounting – Practical Problems with Solutions – Tally. ERP 9
 St. PAUL’S DEGREE COLLEGE Ph.No. 27602533

Problem 4:
Prepare cash book with bank column for the following bank transactions in Andhra Bank
and ascertain Bank balance.
Balance at Bank Rs.2,00,000
Paid to Rajesh Rs.10,000 by cheque
Paid to Mahesh Babu Rs.25,000 by cheque
Received a cheque from Ragini Rs.38,000
Received from Sneha Rs.50,000 by cheque.
Step 1: Creation of Company: Company Info -> Creation of Company
Step 2: Creation of Ledger Accounts
Company Info -> Esc -> Gateway of Tally-> Accounts Info -> Ledgers -> Create

Sl. No. Name of Ledger Under Opening Balance

1 Andhra Bank A/c Bank Accounts 200000
2 Rajesh A/c Sundry Creditor
3 Mahesh Babu A/c Sundry Creditor
4 Ragini A/c Sundry Debtor
5 Sneha Sundry Debtor
Step 3: Enter Transactions: Gateway of Tally -> Accounting Vouchers

Date Particulars Dr Cr Voucher

[Function Keys]
1 Rajesh A/c Dr 10000
To Andhra Bank A/c 10000 F5
[Being paid to Rajesh by Cheque]
2 Mahesh Babu A/c Dr 25000
To Andhra Bank A/c 25000 F5
[Being paid to Mahesh Babu by cheque]

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Financial Accounting – Practical Problems with Solutions – Tally. ERP 9
 St. PAUL’S DEGREE COLLEGE Ph.No. 27602533

3 Andhra Bank A/c Dr 3000

To Ragini A/c 3000 F6
[Being received a cheque from Ragini]
4 Andhra Bank A/c Dr 8000
To Sneha A/c 8000 F6
[Being received a cheque from Sneha]
Output: Gateway of Tally -> Display -> Account Books -> Ledger -> Andhra Bank A/c

Problem 5 & Problem 44:

Give effect to the following discounts in the transactions.
a) Purchased goods worth Rs.5,000 less 5% Trade discount.
b) Rs.2,646 received from Vijay and allowed discount Rs.54 Cash.
c) Rs.5,292 paid to Anand and discount given by him Rs.108.
Step 1: Creation of Company: Gateway of Tally -> Creation of Company
Step 2: Creation of Ledger Accounts
Company Info -> Esc -> Gateway of Tally-> Accounts Info -> Ledgers -> Create

Sl. No. Name of Ledger Under Opening Balance

1 Purchase A/c Purchase Accounts
2 Vijay A/c Sundry Debtor
3 Discount Allowed A/c Indirect Expenses
4 Anand A/c Sundry Creditor
5 Discount Received A/c Indirect Income
Step 3: Enter Transactions: Gateway of Tally -> Accounting Vouchers

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Financial Accounting – Practical Problems with Solutions – Tally. ERP 9
 St. PAUL’S DEGREE COLLEGE Ph.No. 27602533

Date Particulars Dr Cr Voucher

[Function Keys]
1 Purchase A/c Dr 4750
To Cash A/c 4750 F9
[Being paid to Rajesh by Cheque]
2 Cash A/c Dr 2646
Discount Allowed A/c Dr 54
To Vijay A/c 2700 F6
[Being cash received from John in full
settlement of his account]
3 Anand A/c Dr 5400
To Cash A/c 5292
To Discount Received A/c 108 F5
[Being cash paid to Mohan in full settlement
of his Account]

Problem 6 & Problem 45:

Prepare Trail Balance from the information given below:
Name of the Account Dr. Rs. Cr. Rs.
Furniture 10,000 -
Machinery 50,000 -
Buildings 1,00,000 -
Capital - 1,50,000
Cash 5,000 -
Bills Payable - 30,000
Trade Debtors 80,000 -
Trade Creditors - 65,000

Step 1: Creation of Company: Gateway of Tally -> Creation of Company

Step 2: Creation of Ledger Accounts
Company Info -> Esc -> Gateway of Tally-> Accounts Info -> Ledgers -> Create

Sl. No. Name of Ledger Under Opening Balance

1 Furniture A/c Fixed Asset 10,000
2 Machinery A/c Fixed Asset 50,000
3 Buildings A/c Fixed Asset 1,00,000
4 Capital A/c Capital Account 1,50,000
5 Cash A/c Cash In Hand 5,000
6 Bills Payable A/c Current Liability 30,000
7 Trade Debtors A/c Sundry Debtors 80,000
8 Trade Creditors A/c Sundry Creditors 65,000
Output: Gateway of Tally -> Display -> Trial Balance

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Financial Accounting – Practical Problems with Solutions – Tally. ERP 9
 St. PAUL’S DEGREE COLLEGE Ph.No. 27602533

Problem 7:
Compute Net Profit from the given transactions:
Rs.
Started business with capital 75,000
Cash deposited into the SBI 10,000
Cash purchases 5,000
Cash Sales 6,000
Paid Rent 600
Step 1: Creation of Company: Gateway of Tally -> Creation of Company
Step 2: Creation of Ledger Accounts
Company Info -> Esc -> Gateway of Tally-> Accounts Info -> Ledgers -> Create

Sl. No. Name of Ledger Under Opening Balance

1 Capital A/c Capital Account
2 SBI Bank Accounts
3 Purchase A/c Purchase Accounts
4 Sales A/c Sales Accounts
5 Rent A/c Indirect Expenditure
Step 3: Enter Transactions: Gateway of Tally -> Accounting Vouchers

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Financial Accounting – Practical Problems with Solutions – Tally. ERP 9
 St. PAUL’S DEGREE COLLEGE Ph.No. 27602533

Date Particulars Dr Cr Voucher

[Function Keys]
1 Cash A/c Dr 75000
To Capital A/c 75000 F6
[Being business commenced with cash]
2 SBI A/c Dr 10000
To Cash A/c 10000 F4
[Being cash deposited into bank]
3 Purchase A/c Dr 5000
To Cash A/c 5000 F9
[Being goods purchased for Cash]
4 Cash A/c Dr 6000
To Sales A/c 6000 F8
[Being cash received on sales made]
5 Rent A/c Dr 600
To Cash A/c 600 F5
[Being rent paid through cash]

Output: Gateway of Tally -> Profit & Loss A/c

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Financial Accounting – Practical Problems with Solutions – Tally. ERP 9
 St. PAUL’S DEGREE COLLEGE Ph.No. 27602533

Problem 8:
Prepare the Trading and Profit and Loss account and the Balance Sheet.
Opening Balance: Rs.
Capital 2,00,000
Machinery 1,00,000
Cash 1,00,000
Transactions:
Purchased good from ANKIT (cash) 4,500
Sold goods for cash 11,500
Sold good to NIKHIL (Credit) 17,000
Paid Salaries 3,000
Selling Expenses 1,500

Step 1: Creation of Company: Gateway of Tally -> Creation of Company

Step 2: Creation of Ledger Accounts

Company Info -> Esc -> Gateway of Tally-> Accounts Info -> Ledgers -> Create

Sl. No. Name of Ledger Under Opening Balance

1 Capital A/c Capital Account 2,00,000
2 Machinery A/c Fixed Asset 1,00,000
3 Cash A/c Cash In Hand 1,00,000
4 Purchase A/c Purchase Accounts
5 Sales A/c Sales Accounts
6 Nikhil A/c Sundry Debtor
7 Salaries A/c Indirect Expenses
8 Selling Expenses A/c Indirect Expenses
Step 3: Enter Transactions: Gateway of Tally -> Accounting Vouchers

Voucher
Date Particulars Dr Cr
[Function Keys]
Purchase A/c Dr 4500
To Cash A/c 4500 F9
[Being goods purchased for Cash]
Cash A/c Dr 11500
To Sales A/c 11500 F8
[Being cash sales made]
Nikhil A/c Dr 17000
To Sales A/c 17000 F8
[Being goods sold to Nikhil on credit basis]
Salaries A/c Dr 3000
To Cash A/c 3000 F5
[Being salaries paid]
Selling Expenses A/c Dr 3000
To Cash A/c 3000 F5
[Being expenses incurred for selling goods]

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Financial Accounting – Practical Problems with Solutions – Tally. ERP 9
 St. PAUL’S DEGREE COLLEGE Ph.No. 27602533

Output 1: Gateway of Tally -> Balance Sheet

Output 2: Gateway of Tally -> Profit & Loss A/c

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Financial Accounting – Practical Problems with Solutions – Tally. ERP 9
 St. PAUL’S DEGREE COLLEGE Ph.No. 27602533

Problem 9:
Opening Balance sheet: Rs.
Capital 2,00,000
Furniture 50,000
Cash 50,000
Buildings 1,00,000
Transactions:
Salaries paid 5,000
Rent paid 2,000
Adjustments:
Outstanding rent at the end of the year Rs.500
Depreciation on Buildings 10% p.a.
Pass adjustment entries and finalize the P & L account and Balance sheet.
Step 1: Creation of Company: Gateway of Tally -> Creation of Company
Step 2: Creation of Ledger Accounts: Gateway of Tally-> Accounts Info -> Ledgers -> Create

Sl. No. Name of Ledger Under Opening Balance

1 Capital A/c Capital Account 2,00,000
2 Furniture A/c Fixed Asset 50000
3 Cash A/c Cash In Hand 50000
4 Buildings A/c Fixed Asset 100000
5 Salaries A/c Indirect Expenses
6 Rent A/c Indirect Expenses
7 Outstanding Rent A/c Current Liability
8 Depreciation A/c Indirect Expenses
Step 3: Enter Transactions: Gateway of Tally -> Accounting Vouchers

Date Particulars Dr Cr Voucher

[Function Keys]
1 Salaries A/c Dr 5000
To Cash A/c 5000 F5
[Being salaries paid through cash]
2 Rent A/c Dr 2000
To Cash A/c 2000 F5
[Being rent paid through cash]
3 Rent A/c Dr 500
To Outstanding Rent A/c 500 F7
[Being outstanding rent adjusted]
4 Depreciation A/c Dr 10000
To Buildings A/c 10000 F7
[Being depreciation on buildings adjusted]

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Financial Accounting – Practical Problems with Solutions – Tally. ERP 9
 St. PAUL’S DEGREE COLLEGE Ph.No. 27602533

Output 1: Gateway of Tally -> Balance Sheet

Output 2: Gateway of Tally -> Profit & Loss A/c

Problem 10:
Create a company of your own and generate a Petty cash book with 10 transactions. Assume
own amounts.
(a) Received advance from cashier Rs. 350
(b) Paid for Bus charges Rs. 10
(c) Purchased White Papers Rs. 5
(d) Paid Auto Charges Rs. 20
(e) Paid Wages Rs. 30
(f) Telegram Charges Rs. 10
(g) Purchased Stationery Rs. 15
(h) Tea Expenses Rs. 6
(i) Paid for Speed Post Rs. 15
(j) Refreshment Expenses Rs. 25
(k) Paid for carriage Rs. 15

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Financial Accounting – Practical Problems with Solutions – Tally. ERP 9
 St. PAUL’S DEGREE COLLEGE Ph.No. 27602533

Step 1: Creation of Company: Gateway of Tally -> Creation of Company

Step 2: Creation of Ledger Accounts: Gateway of Tally-> Accounts Info -> Ledgers -> Create

Sl. No. Name of Ledger Under Opening Balance

1 Petty Cash A/c Cash In Hand
2 Conveyance A/c Indirect Expenses
3 Stationery A/c Indirect Expenses
4 Wages A/c Direct Expenses
5 Postage & Telegram A/c Indirect Expenses
6 Refreshment A/c Indirect Expenses
Step 3: Enter Transactions: Gateway of Tally -> Accounting Vouchers

Date Particulars Dr Cr Voucher

[Function Keys]
1 Petty Cash A/c Dr 350
To Cash A/c 350 F6
[Being advance received from cashier]
2 Conveyance A/c Dr 10
To Petty Cash A/c 10 F5
[Being bus charges paid]
3 Stationery A/c Dr 5 F5
To Petty Cash A/c 5
[Being white papers purchased]
4 Conveyance A/c Dr 20 F5
To Petty Cash A/c 20
[Being auto charges paid]
5 Wages A/c Dr 30 F5
To Petty Cash A/c 30
[Being wages paid]
6 Postage & Telegram A/c Dr 10 F5
To Petty Cash A/c 10
[Being paid for telegram]
7 Stationery A/c Dr 15 F5
To Petty Cash A/c 15
[Being paid for stationery purchase]
8 Refreshment A/c Dr 6 F5
To Petty Cash A/c 6
[Being paid for tea]
9 Postage & Telegram A/c Dr 15 F5
To Petty Cash A/c 15
[Being paid for speed post]
10 Refreshment A/c Dr 25 F5
To Petty Cash A/c 25
[Being rent paid through cash]
11 Conveyance A/c Dr 15 F5
To Petty Cash A/c 15
[Being paid for carriage]

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Financial Accounting – Practical Problems with Solutions – Tally. ERP 9
 St. PAUL’S DEGREE COLLEGE Ph.No. 27602533

Output: Gateway of Tally -> Display -> Account Books -> Ledger -> Petty Cash Book

Problem 11 & Problem 46:

Create a company of your own and generate a sales Register and Purchase register with any
10 transactions each, with imaginary figures.
Purchase Transactions Sale Transactions
(a) Goods purchased from Shahrukh Rs. 5000 (a) Goods sold worth Rs. 5000
(b) Cash purchases Rs. 3500 (b) Goods sold to Rajesh Rs. 4000
(c) Goods purchased from Srinivas Rs. 6000 (c) Goods sold to Solomon Rs.8000
(d) Goods purchased from John 3000 (d) Goods sold for cash Rs. 9000
(e) Goods purchased Rs. 2900 (e) Goods sold for Rs. 6000
(f) Purchased goods worth Rs. 9000 (f) Cash Sales Rs. 12000
(g) Goods purchased from Mahender Rs. 5000 (g) Sold goods for cash Rs. 18000
(h) Goods purchased from Salman Rs. 7000 (h) Sold to Khan for Rs. 16000
(i) Goods purchased for Rs. 4800 (i) Sold to Charan for Rs. 6500
(j) Goods purchased worth Rs. 6300 (j) Sold to Arjun for Rs. 9000

Step 1: Creation of Company: Gateway of Tally -> Creation of Company

Step 2: Creation of Ledger Accounts: Gateway of Tally-> Accounts Info -> Ledgers -> Create

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Financial Accounting – Practical Problems with Solutions – Tally. ERP 9
 St. PAUL’S DEGREE COLLEGE Ph.No. 27602533

Sl. No. Name of Ledger Under Opening Balance

1 Purchases A/c Purchase Account
2 Shahrukh A/c Sundry Creditors
3 Srinivas A/c Sundry Creditors
4 John A/c Sundry Creditors
5 Mahender A/c Sundry Creditors
6 Salman A/c Sundry Creditors
7 Sales A/c Sales Accounts
8 Rajesh A/c Sundry Debtors
9 Solomon A/c Sundry Debtors
10 Khan A/c Sundry Debtors
11 Charan A/c Sundry Debtors
12 Arjun A/c Sundry Debtors

Step 3: Enter Transactions: Gateway of Tally -> Accounting Vouchers

Date Particulars Dr Cr Voucher

[Function Keys]
1 Purchases A/c Dr 5000
To Shahrukh A/c 5000 F9
[Being goods purchased on credit basis]
2 Purchases A/c Dr 6000
To Srinivas A/c 6000 F9
[[Being goods purchased on credit basis]
3 Purchases A/c Dr 3000
To John A/c 3000 F9
[Being goods purchased on credit basis]
4 Purchases A/c Dr 5000
To Mahender A/c 5000 F9
[Being goods purchased on credit basis]
5 Purchases A/c Dr 7000
To Salman A/c 7000 F9
[Being goods purchased on credit basis]
6 Purchases A/c Dr 26500
To Cash A/c 26500 F9
[Being goods purchased cash basis]
7 Cash A/c Dr 50000
To Sales A/c 50000 F8
[Being goods sold on cash basis]
8 Rajesh A/c Dr 4000
To Sales A/c 4000 F8
[Being goods sold on credit basis]
9 Solomon A/c Dr 8000
To Sales A/c 8000 F8
[Being goods sold on credit basis]
10 Khan A/c Dr 16000
To Sales A/c 16000 F8
[Being goods sold on credit basis]

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Financial Accounting – Practical Problems with Solutions – Tally. ERP 9
 St. PAUL’S DEGREE COLLEGE Ph.No. 27602533

11 Charan A/c Dr 6500

To Sales A/c 6500 F8
[Being goods sold on credit basis]
12 Arjun A/c Dr 9000
To Sales A/c 9000 F8
[Being goods sold on credit basis]

Output 1: Gateway of Tally -> Display -> Account Books -> Purchase Register

Output 2: Gateway of Tally -> Display -> Account Books -> Sales Register

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Financial Accounting – Practical Problems with Solutions – Tally. ERP 9
 St. PAUL’S DEGREE COLLEGE Ph.No. 27602533

Problem 12: Prepare the trading and P & L A/C and also Balance Sheet:
Opening Balance: Rs.
Capital 4,00,000
Furniture 1,00,000
Cash 30,000
Building 2,00,000
Machinery 70,000
Transactions:
Purchased goods 20,000
Sales 40,000
Paid rent 1,000
Salaries paid 3,000
Interest received 2000

Step 1: Creation of Company: Gateway of Tally -> Creation of Company

Step 2: Creation of Ledger Accounts: Gateway of Tally-> Accounts Info -> Ledgers -> Create

Sl. No. Name of Ledger Under Opening Balance

1 Capital Capital Account 4,00,000
2 Furniture Fixed Asset 1,00,000
3 Cash Cash In Hand 30,000
4 Building Fixed Asset 2,00,000
5 Machinery Fixed Asset 70,000
6 Purchase A/c Purchase Accounts
7 Sales A/c Sales Account
8 Rent A/c Indirect Expenses
9 Salaries A/c Indirect Expenses
10 Interest Received A/c Indirect Income
Step 3: Enter Transactions: Gateway of Tally -> Accounting Vouchers

Date Particulars Dr Cr Voucher

[Function Keys]
1 Purchases A/c Dr 20000
To Cash A/c 20000 F9
[Being goods purchased for cash]
2 Cash A/c Dr 40000
To Sales A/c 40000 F8
[Being goods sold for cash]
3 Rent A/c Dr 1000
To Cash A/c 1000 F5
[Being rent paid through cash]
4 Salaries A/c Dr 3000
To Cash A/c 3000 F5
[Being salaries paid through cash]
5 Cash A/c Dr 2000
To Interest Received A/c 2000 F6
[Being interest received]
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Financial Accounting – Practical Problems with Solutions – Tally. ERP 9
 St. PAUL’S DEGREE COLLEGE Ph.No. 27602533

Output 1: Gateway of Tally -> Balance Sheet

Output 2: Gateway of Tally -> Profit & Loss A/c

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Financial Accounting – Practical Problems with Solutions – Tally. ERP 9
 St. PAUL’S DEGREE COLLEGE Ph.No. 27602533

Problem 13:
From the following information prepare P & L account and B/S.
Opening balance sheet
Capital Rs.6,00,000
Motor car Rs.2,00,000
Machinery Rs.1,00,000
S.Debtors Rs.1,50,000
Cash Rs.1,50,000
Transactions:
Paid wages Rs. 2,000
Paid salaries Rs. 3,000
Insurance paid Rs. 500
Commission paid Rs. 200
Sales Rs. 20,000
Purchases Rs. 12,000
Furniture purchased Rs. 2,300
Adjustments:
Outstanding wages at the end of the year Rs.500
Outstanding salaries at the end of the year Rs.100
Prepaid Insurance Rs.100

Step 1: Creation of Company: Gateway of Tally -> Creation of Company

Step 2: Creation of Ledger Accounts: Gateway of Tally-> Accounts Info -> Ledgers -> Create

Sl. No. Name of Ledger Under Opening Balance

1 Capital A/c Capital Account Rs.6,00,000
2 Motor car A/c Fixed Asset Rs.2,00,000
3 Machinery A/c Fixed Asset Rs.1,00,000
4 S.Debtors A/c Sundry Debtors Rs.1,50,000
5 Cash A/c Cash In Hand Rs.1,50,000
6 Wages A/c Direct Expenses
7 Salaries A/c Indirect Expenses
8 Insurance A/c Indirect Expenses
9 Commission A/c Indirect Expenses
10 Sales A/c Sales Account
11 Purchases A/c Purchase Account
12 Furniture A/c Fixed Asset
13 Outstanding Wages A/c Current Liability
14 Outstanding Salaries A/c Current Liability
15 Prepaid Insurance A/c Current Asset
Step 3: Enter Transactions: Gateway of Tally -> Accounting Vouchers

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Financial Accounting – Practical Problems with Solutions – Tally. ERP 9
 St. PAUL’S DEGREE COLLEGE Ph.No. 27602533

Date Particulars Dr Cr Voucher

[Function Keys]
1 Wages A/c Dr 2000
To Cash A/c 2000 F5
[Being wages paid]
2 Salaries A/c Dr 3000
To Cash A/c 3000 F5
[Being salaries paid]
3 Insurance A/c Dr 500
To Cash A/c 500 F5
[Being insurance premium paid]
4 Commission A/c Dr 200
To Cash A/c 200 F5
[Being commission paid]
5 Cash A/c Dr 20000
To Sales A/c 20000 F8
[Being sales made through cash]
6 Purchases A/c Dr 12000
To Cash A/c 12000 F9
[Being wages paid]
7 Furniture A/c Dr 2300
To Cash A/c 2300 F5
[Being furniture paid]
8 Wages A/c Dr 500
To Outstanding Wages A/c 500 F7
[Being furniture paid]
9 Salaries A/c Dr 100
To Outstanding Salaries A/c 100 F7
[Being furniture paid]
10 Prepaid Insurance A/c Dr 100
To Insurance A/c 100 F7
[Being furniture paid]

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 St. PAUL’S DEGREE COLLEGE Ph.No. 27602533

Output 1: Gateway of Tally -> Balance Sheet

Output 2: Gateway of Tally -> Profit & Loss A/c

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 St. PAUL’S DEGREE COLLEGE Ph.No. 27602533

Problem 14:
Enter the following transactions by creating relevant accounts and groups and show
sales register and purchase register.
Purchased goods from Ram Rs.10,000
Purchased goods from Roshan Rs.5,000
Purchased goods from Mohan Rs.20,000
Sold goods to Leela Rs.25,000
Sold goods to Praveena Rs.30,000
Sold goods to Praveen Rs.20,000.
Step 1: Creation of Company: Gateway of Tally -> Creation of Company
Step 2: Creation of Ledger Accounts: Gateway of Tally-> Accounts Info -> Ledgers -> Create

Sl. No. Name of Ledger Under Opening Balance

1 Purchase A/c Purchases Account
2 Sales A/c Sales Account
3 Ram A/c Sundry Creditors
4 Roshan A/c Sundry Creditors
5 Mohan A/c Sundry Creditors
6 Leela A/c Sundry Debtors
7 Praveena A/c Sundry Debtors
8 Praveen A/c Sundry Debtors
Step 3: Enter Transactions: Gateway of Tally -> Accounting Vouchers

Date Particulars Dr Cr Voucher

[Function Keys]
1 Purchase A/c Dr 10000
To Ram A/c 10000
F9
[Being goods purchased from Ram on
credit basis]
2 Purchase A/c Dr 5000
To Roshan A/c 5000
F9
[Being goods purchased from Roshan on
credit basis]
3 Purchase A/c Dr 20000
To Mohan A/c 20000
F9
[Being goods purchased from Mohan on
credit basis]
4 Leela A/c Dr 25000
To Sales A/c 25000 F8
[Being goods sold to Leela on credit basis]
5 Praveena A/c Dr 30000
To Sales A/c 30000 F8
[Being goods sold to Leela on credit basis]
6 Praveen A/c Dr 20000
To Sales A/c 20000 F8
[Being goods sold to Leela on credit basis]

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Financial Accounting – Practical Problems with Solutions – Tally. ERP 9
 St. PAUL’S DEGREE COLLEGE Ph.No. 27602533

Output 1: Gateway of Tally -> Display -> Account Books -> Purchase Register

Output 2: Gateway of Tally -> Display -> Account Books -> Sales Register

Problem 15:
From the following information prepare P & L account and B/S
Opening balance sheet
Capital 2,50,000
Building 2,00,000
Cash 50,000
Transactions:
Paid Audit fee Rs.500,
Paid General Exp. Rs.1,000,
Advertisement Rs.1,000
Paid postage Rs.500,
Printing Rs.100,
Rent Rs.500.
Sales Rs.60,000.
Purchases Rs.21,000.
Adjustments:
Outstanding rent Rs.200,
Depreciation on Building 10%.

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 St. PAUL’S DEGREE COLLEGE Ph.No. 27602533

Step 1: Creation of Company: Gateway of Tally -> Creation of Company

Step 2: Creation of Ledger Accounts: Gateway of Tally-> Accounts Info -> Ledgers -> Create

Sl. No. Name of Ledger Under Opening Balance

1 Capital A/c Capital Account 2,50,000
2 Building A/c Fixed Asset 2,00,000
3 Cash A/c Cash In Hand 50,000
4 Audit Fees A/c Indirect Expenses
5 General Expenses A/c Indirect Expenses
6 Advertisement A/c Indirect Expenses
7 Postage A/c Indirect Expenses
8 Printing A/c Indirect Expenses
9 Rent A/c Indirect Expenses
10 Sales A/c Sales Account
11 Purchases A/c Purchase Accounts
12 Outstanding Rent A/c Current Liability
13 Depreciation A/c Indirect Expenses
Step 3: Enter Transactions: Gateway of Tally -> Accounting Vouchers

Date Particulars Dr Cr Voucher

[Function Keys]
1 Audit Fees A/c Dr 500
To Cash A/c 500 F5
[Being audit fees paid]
2 General Expenses A/c Dr 1000
To Cash A/c 1000 F5
[Being general expenses paid]
3 Advertisement A/c Dr 1000
To Cash A/c 1000 F5
[Being advertisement expenses paid]
4 Postage A/c Dr 500
To Cash A/c 500 F5
[Being cash paid for postage]
5 Printing A/c Dr 100
To Cash A/c 100 F5
[Being cash paid for printing]
6 Rent A/c Dr 500
To Cash A/c 500 F5
[Being cash paid for rent]
7 Cash A/c Dr 60000
To Sales A/c 60000 F8
[Being sales made for cash]
8 Purchases A/c Dr 21000
To Cash A/c 21000 F9
[Being audit fees paid]
9 Rent A/c Dr 200
To Outstanding Rent A/c 200 F7
[Being audit fees paid]

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 St. PAUL’S DEGREE COLLEGE Ph.No. 27602533

10 Depreciation A/c Dr 20000

To Building A/c 20000 F7
[Being audit fees paid]

Output 1: Gateway of Tally -> Balance Sheet

Output 2: Gateway of Tally -> Profit & Loss A/c

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 St. PAUL’S DEGREE COLLEGE Ph.No. 27602533

Problem 16:
From the information given below prepare P & L account & B/S.
Salaries 70,000 Capital 6,00,000
Rent 30,000 Commission received 10,000
Stationary 5,000 Sales 1,65,000
Cash 45,000
Furniture 4,60,000
Purchases 84,000
Machinery 81,000
Adjustments:
Outstanding Rent Rs.1,000,
Depreciation on furniture @ 5%,
Machinery @ 4%.

Step 1: Creation of Company: Gateway of Tally -> Creation of Company

Step 2: Creation of Ledger Accounts: Gateway of Tally-> Accounts Info -> Ledgers -> Create

Sl. No. Name of Ledger Under Opening Balance

1 Salaries A/c Indirect Expenses 70000
2 Rent A/c Indirect Expenses 30000
3 Stationery A/c Indirect Expenses 5000
4 Cash A/c Cash-In-Hand 45000
5 Furniture A/c Fixed Asset 460000
6 Purchases A/c Purchase Accounts 84000
7 Machinery A/c Fixed Asset 81000
8 Capital A/c Capital Account 600000
9 Commission Received A/c Indirect Income 10000
10 Sales A/c Sales Account 165000
11 Outstanding Rent A/c Current Liability
12 Depreciation A/c Indirect Expenses
Step 3: Enter Transactions: Gateway of Tally -> Accounting Vouchers

Date Particulars Dr Cr Voucher

[Function Keys]
1 Rent A/c Dr 1000
To Outstanding Rent A/c 1000 F7
[Being Outstanding Rent Adjusted]
2 Depreciation A/c Dr 23000
To Furniture A/c 23000 F7
[Being Outstanding Rent Adjusted]
3 Depreciation A/c Dr 3240
To Machinery A/c 3240 F7
[Being Outstanding Rent Adjusted]

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 St. PAUL’S DEGREE COLLEGE Ph.No. 27602533

Output 1: Gateway of Tally -> Balance Sheet

Output 2: Gateway of Tally -> Profit & Loss A/c

Problem 17:
Enter the following transactions in books of Bajaj and show P&L A/c.
Goods purchased from Prem Rs.30,000.
Cash paid to Prem Rs.29,500 and discount allowed by him Rs.500.
Goods Sold to Mukthi Rs.40,000.
Cash received from Mukthi Rs.39,000 allowed her discount Rs.1,000.

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 St. PAUL’S DEGREE COLLEGE Ph.No. 27602533

Step 1: Creation of Company: Gateway of Tally -> Creation of Company

Step 2: Creation of Ledger Accounts: Gateway of Tally-> Accounts Info -> Ledgers -> Create
Sl. No. Name of Ledger Under Opening Balance
1 Purchases A/c Purchase Accounts
2 Prem A/c Sundry Creditor
3 Discount Allowed A/c Indirect Expenses
4 Sales A/c Sales Account
5 Mukthi A/c Sundry Debtor
6 Discount Received A/c Indirect Incomes
Step 3: Enter Transactions: Gateway of Tally -> Accounting Vouchers

Date Particulars Dr Cr Voucher

[Function Keys]
1 Purchases A/c Dr 30000
To Prem A/c 30000
F9
[Being goods purchased from Prem on
credit basis]
2 Prem A/c Dr 30000
To cash A/c 29500
To Discount Received A/c 500 F5
[Being cash paid to Prem and discount
received from him]
3 Mukthi A/c Dr 40000
To Sales A/c 40000 F8
[Being goods sold to Mukthi on credit basis]
4 Cash A/c Dr 39000
Discount Allowed A/c Dr 1000
To Mukthi A/c 40000 F6
[Being cash received from Mukthi and
discount allowed to him]
Output: Gateway of Tally -> Profit & Loss A/c

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 St. PAUL’S DEGREE COLLEGE Ph.No. 27602533

Problem 18 & Problem 49:

Compute Net Profit from the following data: Rs.
Capital Introduced 4,00,000
Cash purchases 50,000
Cash sales 1,00,000
Paid rent 5,000
Paid salaries 10,000
Received interest 2,000
Paid legal expenses 1,000
Paid Rates & taxes 500
Paid General expenses 400
Closing stock 12,000

Step 1: Creation of Company: Gateway of Tally -> Creation of Company

Step 2: Creation of Ledger Accounts: Gateway of Tally-> Accounts Info -> Ledgers -> Create

Sl. No. Name of Ledger Under Opening Balance

1 Capital A/c Capital Account
2 Purchases A/c Purchases A/c
3 Sales A/c Sales A/c
4 Rent A/c Indirect Expenses
5 Salaries A/c Indirect Expenses
6 Interest Received A/c Indirect Income
7 Legal Expenses A/c Indirect Expenses
8 Rates & Taxes A/c Indirect Expenses
9 General Expenses A/c Indirect Expenses
10 Closing Stock A/c Current Asset
11 Trading Closing Stock A/c Direct Income
Step 3: Enter Transactions: Gateway of Tally -> Accounting Vouchers

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 St. PAUL’S DEGREE COLLEGE Ph.No. 27602533

Date Particulars Dr Cr Voucher

[Function Keys]
1 Cash A/c Dr 400000
To Capital A/c 400000 F6
[Being business started with cash]
2 Purchases A/c Dr 50000
To Cash A/c 50000 F9
[Being goods purchased with cash]
3 Cash A/c Dr 100000
To Sales A/c 100000 F8
[Being goods sold for cash]
4 Rent A/c Dr 5000
To Cash A/c 5000 F5
[Being rent paid through cash]
5 Salaries A/c Dr 10000
To Cash A/c 10000 F5
[Being salaries paid through cash]
6 Cash A/c Dr 2000
To Interest Received A/c 2000 F6
[Being interest received]
7 Legal Expenses A/c Dr 1000
To Cash A/c 1000 F5
[Being legal expenses paid through cash]
8 Rates & Taxes A/c Dr 500
To Cash A/c 500 F5
[Being rates & taxes paid through cash]
9 General Expenses A/c Dr 400
To Cash A/c 400 F5
[Being general expenses paid through cash]
10 Closing Stock A/c Dr 12000
To Trading Closing Stock A/c 12000 F7
[Being Closing Stock Adjusted]
Output: Gateway of Tally -> Profit & Loss A/c

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 St. PAUL’S DEGREE COLLEGE Ph.No. 27602533

Problem 19:
Mr.Sudhir started business with cash Rs.3,00,000:
Purchased 20 CTV’s @10,000 each for cash.
Paid carriage on purchase Rs.2000
Sold 10 CTV’s @12,000 each for cash
Sold 10 CTV’s @12,000 each to Shyam.
Paid salaries Rs.2,000 and Rent Rs.1,000
Prepare P & L A/c.
Step 1: Creation of Company: Gateway of Tally -> Creation of Company
Step 2: Creation of Ledger Accounts: Gateway of Tally-> Accounts Info -> Ledgers -> Create

Sl. No. Name of Ledger Under Opening Balance

1 Sudhir’s Capital Capital Account
2 Purchases A/c Purchases Account
3 Carriage A/c Direct Expenses
4 Sales A/c Sales Account
5 Shyam A/c Sundry Debtors
6 Salaries A/c Indirect Expenses
7 Rent A/c Indirect Expenses
Step 3: Creation of Unit of Measure :
Gateway of Tally ->Inventory Info-> Unit of Measure -> Create
Step 4: Creation of Stock Item: Gateway of Tally ->Inventory Info-> Stock Item -> Create
Step 5: Enter Transactions: Gateway of Tally -> Accounting Vouchers

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 St. PAUL’S DEGREE COLLEGE Ph.No. 27602533

Date Particulars Dr Cr Voucher

[Function Keys]
1 Cash A/c Dr 300000
To Sudhir’s Capital A/c 300000 F6
[Being business started with cash]
2 Purchases A/c Dr 200000
To Cash A/c 200000
F9
[Being 20 CTV’s purchased with cash
@ Rs. 10000 per unit]
3 Carriage A/c Dr 2000
Salaries A/c Dr 2000
Rent A/c Dr 1000
F5
To Cash A/c 5000
[Being cash paid towards Carriage, Salaries
and Rent ]
4 Cash A/c Dr 120000
To Sales A/c 120000
F8
[Being 10 CTV’s sold for cash @ Rs. 12000
per unit]
5 Shyam A/c Dr 120000
To Sales A/c 120000
F8
[Being 10 CTV’s sold to Shyam on credit
basis @ Rs. 12000 per unit]
Output: Gateway of Tally -> Profit & Loss A/c

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 St. PAUL’S DEGREE COLLEGE Ph.No. 27602533

Problem 20:
Prepare Trading and P & L A/c and also Balance sheet.
Manisha started business with cash Rs.5,00,000
Purchased 15 colour TVs @15,000 each for cash
Paid carriage on purchase Rs.2000
Sold 10 CTVs @20,000 each for cash
Sold 3 CTVs @20,000 each to Mr.Raju on credit paid salaries Rs.1,000
Closing stock valued at Rs.30,000.
Step 1: Creation of Company: Gateway of Tally -> Creation of Company
Step 2: Creation of Ledger Accounts: Gateway of Tally-> Accounts Info -> Ledgers -> Create

Sl. No. Name of Ledger Under Opening Balance

1 Manisha’s Capital Capital Account
2 Purchases A/c Purchases Account
3 Carriage A/c Direct Expenses
4 Sales A/c Sales Account
5 Mr Raju A/c Sundry Debtors
6 Closing Stock A/c Current Asset
7 Salaries A/c Indirect Expenses
Step 3: Creation of Unit of Measure
Gateway of Tally ->Inventory Info-> Unit of Measure -> Create
Step 4: Creation of Stock Item: Gateway of Tally ->Inventory Info-> Stock Item -> Create
Step 5: Enter Transactions: Gateway of Tally -> Accounting Vouchers

Date Particulars Dr Cr Voucher

[Function Keys]
1 Cash A/c Dr 500000
To Manisha’s Capital A/c 500000 F6
[Being business started with cash]
2 Purchases A/c Dr 225000
To Cash A/c 225000
F9
[Being 15 CTV’s purchased with cash
@ Rs. 15000 per unit]
3 Carriage A/c Dr 2000
Salaries A/c Dr 1000
To Cash A/c 3000 F5
[Being cash paid towards Carriage and
Salaries ]
4 Cash A/c Dr 200000
To Sales A/c 200000
F8
[Being 10 CTV’s sold for cash @ Rs. 20000
per unit]
5 Raju A/c Dr 60000
To Sales A/c 60000
F8
[Being 3 CTV’s sold to Raju on credit basis
@ Rs. 20000 per unit]

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Financial Accounting – Practical Problems with Solutions – Tally. ERP 9
 St. PAUL’S DEGREE COLLEGE Ph.No. 27602533

Output 1: Gateway of Tally -> Profit & Loss A/c

Output 2: Gateway of Tally -> Balance Sheet

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Financial Accounting – Practical Problems with Solutions – Tally. ERP 9
 St. PAUL’S DEGREE COLLEGE Ph.No. 27602533

Problem 21:
Prepare Trading and P & L a/c and Balance sheet.
Sunitha started business with Rs.5,00,000.
Purchased furniture worth Rs.20,000.
Purchased computer worth Rs.10,000 for business use.
Purchased 10 Printers @ Rs.5,000 each from TVS Ltd.
Purchased 10 computers @20,000 each for cash.
Sold 10 Printer @6,000 each for cash .
Sold 10 computers @25,000 each to Sunil.
Paid cash to TVS Ltd. Rs.50,000.
Received cash from Sunil Rs.2,50,000.
Paid salaries Rs.1,000 and Rent Rs.1,500
Step 1: Creation of Company: Gateway of Tally -> Creation of Company
Step 2: Creation of Ledger Accounts: Gateway of Tally-> Accounts Info -> Ledgers -> Create

Sl. No. Name of Ledger Under Opening Balance

1 Sunitha’s Capital A/c Capital Account
2 Furniture A/c Fixed Asset A/c
3 Computer A/c Fixed Asset A/c
4 Purchases A/c Purchase Accounts
5 Sales A/c Sales Accounts
6 Tvs Ltd A/c Sundry Creditors
7 Sunil A/c Sundry Debtors
8 Salaries A/c Indirect Expenses
9 Rent A/c Indirect Expenses
Step 3: Creation of Unit of Measure:
Gateway of Tally ->Inventory Info-> Unit of Measure -> Create
Step 4: Creation of Stock Item: Gateway of Tally ->Inventory Info-> Stock Item -> Create
Step 5: Enter Transactions: Gateway of Tally -> Accounting Vouchers

Date Particulars Dr Cr Voucher

[Function Keys]
1 Cash A/c Dr 500000
To Sunitha’s Capital A/c 500000 F6
[Being business started with cash]
2 Furniture A/c Dr 20000
To Cash A/c 20000 F5
[Being furniture purchased with cash]
3 Computer A/c Dr 10000
To Cash A/c 0000 F5
[Being computer purchased with cash]
4 Purchases A/c Dr 50000
To TVS Ltd. A/c 50000
F9
[Being 10 printers purchased @ Rs. 5000
per unit from TVS Ltd.]
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 St. PAUL’S DEGREE COLLEGE Ph.No. 27602533

5 Purchases A/c Dr 200000

To Cash A/c 200000
F9
[Being 10 computers purchased @ Rs.
20000 per unit from TVS Ltd.]
6 Cash A/c Dr 60000
To Sales A/c 60000
F8
[Being 10 printers sold @ Rs. 6000 per unit
for cash]
7 Sunil A/c Dr 250000
To Sales A/c 250000
F8
[Being 10 computers sold @ Rs. 25000 per
unit to Sunil on credit basis]
8 TVS A/c Dr 50000
To Cash A/c 50000 F5
[Being cash paid to TVS Ltd.]
9 Cash A/c Dr 250000
To Sunil A/c 250000 F6
[Being cash received from Sunil]
10 Salaries A/c Dr 1000
Rent A/c Dr 1500
F5
To Cash A/c 2500
[Being cash paid for salaries and rent]

Output1: Gateway of Tally -> Profit & Loss A/c

B.Com First Year [General, Computers & Computer Applications] Page 38

Financial Accounting – Practical Problems with Solutions – Tally. ERP 9
 St. PAUL’S DEGREE COLLEGE Ph.No. 27602533

Output2: Gateway of Tally -> Balance Sheet

Problem 22:
Mr.Kartik started business with Rs.3,00,000; Purchased 10 colour TVs @15,000 each for
cash; Purchased 10 colour TVs @15,000 each from Manoj; Sold 18 CTVs @18,000 each
for cash; Paid salaries Rs1,000 and rent Rs.1,000.
Prepare Trading & P & L a/c.
Step 1: Creation of Company: Gateway of Tally -> Creation of Company
Step 2: Creation of Ledger Accounts: Gateway of Tally-> Accounts Info -> Ledgers -> Create

Sl. No. Name of Ledger Under Opening Balance

1 Karthik’s Capital A/c Capital Account
2 Purchases A/c Purchases Account
3 Sales A/c Sales Account
4 Manoj A/c Sundry Creditor
5 Salaries A/c Indirect Expenses
6 Rent A/c Indirect Expenses
Step 3: Creation of Unit of Measure
Gateway of Tally ->Inventory Info-> Unit of Measure -> Create
Step 4: Creation of Stock Item: Gateway of Tally ->Inventory Info-> Stock Item -> Create
Step 5: Enter Transactions: Gateway of Tally -> Accounting Vouchers

Date Particulars Dr Cr Voucher

[Function Keys]
1 Cash A/c Dr 300000
To Kathik’s Capital A/c 300000 F6
[Being business started with cash]

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Financial Accounting – Practical Problems with Solutions – Tally. ERP 9
 St. PAUL’S DEGREE COLLEGE Ph.No. 27602533

2 Purchases A/c Dr 150000

To Cash A/c 150000
F9
[Being 10 colour TVs purchased
@ Rs. 15000 per unit for cash]
3 Purchases A/c Dr 150000
To Manoj A/c 150000
F9
[Being 10 colour TVs purchased @ Rs.
15000 per unit from Manoj on credit basis]
4 Cash A/c Dr 324000
To Sales A/c 324000
F8
[Being 18 colour TVs sold @ Rs. 18000 p.u
for cash]
5 Salaries A/c Dr 1000
Rent A/c Dr 1000
F5
To Cash A/c 2000
[Being cash paid for salaries and rent]

Output: Gateway of Tally -> Profit & Loss A/c

Problem 23:
Enter the following transactions and generate a sales register.
Sold goods to Birla Traders Rs.2,000
Sold goods to Kamlesh & Sons Rs.2,000
Malik & Bros bought from us Rs.2,000
Sold on credit to Birla Traders Rs.6,500
Goods sold to little Roses Ltd. Rs.5,600.
Step 1: Creation of Company: Company Info -> Creation of Company

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 St. PAUL’S DEGREE COLLEGE Ph.No. 27602533

Step 2: Creation of Ledger Accounts: Gateway of Tally-> Accounts Info -> Ledgers -> Create

Sl. No. Name of Ledger Under Opening Balance

1 Birla Traders Sundry Debtors
2 Sales A/c Sales Accounts
3 Kamlesh & Sons A/c Sundry Debtors
4 Malik & Bros A/c Sundry Debtors
5 Little Roses A/c Sundry Debtors
Step 3: Enter Transactions: Gateway of Tally -> Accounting Vouchers

Date Particulars Dr Cr Voucher

[Function Keys]
1 Birla Traders A/c Dr 8500
To Sales A/c 8500 F8
[Being goods sold on credit basis]
2 Kamlesh & Sons A/c Dr 2000
To Sales A/c 2000 F8
[Being goods sold on credit basis]
3 Little Roses A/c Dr 5600
To Sales A/c 5600 F8
[Being goods sold on credit basis]
4 Malik & Bro A/c Dr 2000
To Sales A/c 2000 F8
[Being goods sold on credit basis]
Output: Gateway of Tally -> Display-> Account Books -> Sales Register

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Financial Accounting – Practical Problems with Solutions – Tally. ERP 9
 St. PAUL’S DEGREE COLLEGE Ph.No. 27602533

Problem 24:
Enter the following transaction and generate a purchases register.
i. Purchased goods from Gupta Rs.10,000
ii. Purchased goods from Vijay Rs.5,000
iii. Purchased goods from Gopi Rs.2,000
iv. Purchased goods from Ram Rs.5,000
v. Purchased goods from Shashi Rs.20,000
vi. Purchased furniture on credit from Godrej Ltd., Rs.12,000
vii. Purchase of goods for cash Rs.3,000
Step 1: Creation of Company: Company Info -> Creation of Company
Step 2: Creation of Ledger Accounts: Gateway of Tally-> Accounts Info -> Ledgers -> Create

Sl. No. Name of Ledger Under Opening Balance

1 Purchases A/c Purchases Accounts
2 Gupta A/c Sundry Creditors
3 Vijay A/c Sundry Creditors
4 Gopi A/c Sundry Creditors
5 Ram A/c Sundry Creditors
6 Shashi A/c Sundry Creditors
7 Godrej Ltd A/c Sundry Creditors
8 Furniture A/c Fixed Asset
Step 3: Enter Transactions: Gateway of Tally -> Accounting Vouchers

Date Particulars Dr Cr Voucher

[Function Keys]
1 Purchases A/c Dr 10000
To Gupta A/c 10000 F9
[Being goods purchased on credit basis]
2 Purchases A/c Dr 5000
To Vijay A/c 5000 F9
[Being goods purchased on credit basis]
3 Purchases A/c Dr 2000
To Gopi A/c 2000 F9
[Being goods purchased on credit basis]
4 Purchases A/c Dr 5000
To Ram A/c 5000 F9
[Being goods purchased on credit basis]
5 Purchases A/c Dr 20000
To Shashi A/c 20000 F9
[Being goods purchased on credit basis]
6 Furniture A/c Dr 12000
To Godrej A/c 12000 F7
[Being furniture purchased on credit basis]
7 Purchase A/c Dr 3000
To Cash A/c 3000 F9
[Being goods purchased on cash basis]

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Financial Accounting – Practical Problems with Solutions – Tally. ERP 9
 St. PAUL’S DEGREE COLLEGE Ph.No. 27602533

Output: Gateway of Tally -> Display -> Account Books -> Purchase Register

Problem 25:
Prepare a Bank Reconciliation Statement of Mr.Nagesh as on 2nd April.
a) Bank balance as per pass book (Bank book) Rs.26,000.
b) Cheques received from Mohan worth Rs. 11000 and from Mahesh worth Rs. 10000
were deposited into bank. Mahesh Cheque not collected by bank up to 2nd April.
c) Cheques issued to Raju but not presented for payment till 2nd April Rs.12,000.
d) Bank charges Rs.500 debited in pass book only.
e) Interest and dividend collected by bank Rs.6,500.
f) Insurance premium paid by bank as per standing instructionsRs.2,800 not recorded in
cash book
Step 1: Creation of Company: Company Info -> Creation of Company
Step 2: Creation of Ledger Accounts: Gateway of Tally-> Accounts Info -> Ledgers -> Create

Sl. No. Name of Ledger Under Opening Balance

1 Bank A/c Bank Accounts 26000
2 Bank Charges A/c Indirect Expenses
4 Interest & Dividend Received A/c Indirect Incomes
5 Insurance Premium A/c Indirect Expenses
6 Mohan A/c Sundry Debtor
7 Mahesh A/c Sundry Debtor
8 Raju A/c Sundry Creditor
Step 3: Enter Transactions: Gateway of Tally -> Accounting Vouchers

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Voucher
Date Particulars Dr Cr
[Function Keys]
1 Bank A/c Dr 11000
To Mohan A/c 11000 F6
[Being cheques received]
2 Bank A/c Dr 10000
To Mahesh A/c 10000 F6
[Being cheques received]
3 Raju A/c Dr 12000
To Bank A/c 12000 F5
[Being cheque issued]
4 Bank Charges A/c Dr 500
To Bank A/c 500 F5
[Being bank charges paid]
5 Bank A/c Dr 6500
To Interest & Dividend Received A/c 6500
F6
[Being interest and dividend collected by
bank]
6 Insurance Premium A/c Dr 2800
To Bank A/c 2800 F5
[Being bank charges paid]

Output: Gateway of Tally -> Display -> Account Books -> Ledger -> Bank A/c

Problem 26:
Create a company with full details. Enter the following transactions and show P& L A/c.
a. Priyanka started Business with Rs. 1,00,000
b. Opened account with bank Rs. 20,000
c. Bought Furniture by Cheque Rs. 3,000
d. Paid office rent Rs. 600
e. Cash Purchases Rs. 15,000
f. Cash Sales Rs. 4,000
Step 1: Creation of Company: Company Info -> Creation of Company
Step 2: Creation of Ledger Accounts: Gateway of Tally-> Accounts Info -> Ledgers -> Create
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Sl. No. Name of Ledger Under Opening Balance

1 Priyanka’s Capital A/c Capital Account
2 Bank A/c Bank Account
3 Furniture A/c Fixed Asset
4 Office Rent A/c Indirect Expenses
5 Purchases A/c Purchase Accounts
6 Sales A/c Sales Accounts
Step 3: Enter Transactions: Gateway of Tally -> Accounting Vouchers

Date Particulars Dr Cr Voucher

[Function Keys]
1 Cash A/c Dr 100000
To Priyanka’s Capital A/c 100000 F6
[Being business started with cash]
2 Bank A/c Dr 20000
To Cash A/c 20000 F4
[Being bank account opened with cash]
3 Furniture A/c Dr 3000
To Bank A/c 3000
F5
[Being furniture purchased amount paid
through cheque]
4 Office Rent A/c Dr 600
To Cash A/c 600 F5
[Being bank account opened with cash]
5 Purchases A/c Dr 15000
To Cash A/c 15000 F9
[Being purchases made through cash]
6 Cash A/c Dr 4000
To Sales A/c 4000 F8
[Being cash sales made with cash]

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 St. PAUL’S DEGREE COLLEGE Ph.No. 27602533

Output: Gateway of Tally -> Profit & Loss A/c

Problem 27:
Assuming your own figures, prepare a cash book for the following cash transactions:
a. Ramu’s introduced Rs.25,000 into business
b. Deposited into the bank Rs.20,000
c. Purchased goods Rs.3,000
d. Sold good worth Rs.5,000
e. Paid to Somu Rs.3,000
Step 1: Creation of Company: Company Info -> Creation of Company
Step 2: Creation of Ledger Accounts: Gateway of Tally-> Accounts Info -> Ledgers -> Create

Sl. No. Name of Ledger Under Opening Balance

1 Ramu’s Capital A/c Capital A/c
2 Bank A/c Bank Accounts
3 Purchases A/c Purchase Accounts
4 Sales A/c Sales Accounts
5 Somu A/c Sundry Creditor
Step 3: Enter Transactions: Gateway of Tally -> Accounting Vouchers

Date Particulars Dr Cr Voucher

[Function Keys]
1 Cash A/c Dr 25000
To Ramu’s Capital A/c 25000 F6
[Being business started with cash]
2 Bank A/c Dr 20000
To Cash A/c 20000 F4
[Being cash deposited into bank]
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3 Purchase A/c Dr 3000

To Cash A/c 3000 F9
[Being goods purchased for cash]
4 Cash A/c Dr 5000
To Sales A/c 5000 F8
[Being cash sales made]
5 Somu A/c Dr 3000
To Cash A/c 3000 F5
[Being cash paid to Somu]
Output: Gateway of Tally -> Display -> Account Books -> Ledger -> Cash

Problem 28:
Prepare a Bank book for the following Bank transactions and ascertain Balance.
a. Balance at Bank Rs.2,00,000
b. Paid to Rajkumar Rs.25,000 by Cheque
c. Received a Cheque from Rajni Rs.25,000
d. Paid to Ramakanth by Cheque Rs.10,000
e. Received from Sneha Rs.8,000 by Cheque
f. Cheque received from Rajini dishonoured.
Step 1: Creation of Company: Company Info -> Creation of Company
Step 2: Creation of Ledger Accounts: Gateway of Tally-> Accounts Info -> Ledgers -> Create

Sl. No. Name of Ledger Under Opening Balance

1 Bank A/c Bank Accounts 200000
2 Rajkumar A/c Sundry Creditors
3 Rajni A/c Sundry Debtor
4 Ramakanth A/c Sundry Creditor
5 Sneha A/c Sundry Debtor
Step 3: Enter Transactions: Gateway of Tally -> Accounting Vouchers

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 St. PAUL’S DEGREE COLLEGE Ph.No. 27602533

Date Particulars Dr Cr Voucher

[Function Keys]
1 Rajkumar A/c Dr 25000
Ramakanth A/c Dr 10000
F5
To Bank A/c 35000
[Being paid to Rajkumar by cheque]
2 Bank A/c Dr 33000
To Rajni A/c 25000
To Sneha A/c 8000 F6
[Being cheque received from Rajni &
Sneha]
3 Rajini A/c Dr 25000
To Bank A/c 25000 F5
[Being cheque received from Rajni]
Output: Gateway of Tally -> Display -> Account Books -> Ledger -> Bank A/c

Problem 29 & Problem 50:

Edit the following transactions:
i. Bought goods worth Rs.5,550, alter it to Rs.7,000
ii. Sold Goods to Rama Rs.5,000 alter it to Rs.3,000
iii. Cash received from Ram Rs.1,000 alter it to Krishna
iv. Paid cash to Uday Rs.1,000, alter to bank.
Step 1: Creation of Company: Company Info -> Creation of Company
Step 2: Creation of Ledger Accounts: Gateway of Tally-> Accounts Info -> Ledgers -> Create

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Sl. No. Name of Ledger Under Opening Balance

1 Purchases A/c Purchases Account
2 Sales A/c Sales Account
3 Rama A/c Sundry Debtor
4 Ram A/c Sundry Debtor
5 Krishna A/c Sundry Debtor
6 Uday A/c Sundry Creditor
7 Bank A/c Bank Account
Step 3: Enter Transactions: Gateway of Tally -> Accounting Vouchers

Date Particulars Dr Cr Voucher

[Function Keys]
1 Purchases A/c Dr 5550
To Cash A/c 5550 F9
[Being cash purchases made]
2 Rama A/c Dr 5000
To Sales A/c 5000 F8
[Being goods sold to Rama]
3 Cash A/c Dr 1000
To Ram A/c 1000 F6
[Being cash received from Ram]
4 Uday A/c Dr 1000
To Cash A/c 1000 F5
[Being cash received from Uday]
Step 4: Alterations: Gateway of Tally -> Accounting Vouchers -> Page Up
Date Particulars Dr Cr Voucher
[Function Keys]
1 Purchases A/c Dr 7000
To Cash A/c 7000
F9
[Being cash purchases made altered to
Rs. 7000 from Rs. 5550]
2 Rama A/c Dr 3000
To Sales A/c 3000
F8
[Being goods sold to Rama altered from
Rs. 5000 to Rs. 3000]
3 Cash A/c Dr 1000
To Krishna A/c 1000
F6
[Being cash received from Ram altered to
Krishna]
4 Bank A/c Dr 1000
To Cash A/c 1000 F4
[Being cash paid to Uday altered to Bank]

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Problem 30:
Show the trail balance given below.
Name of the Account Dr. (Rs.) Cr. (Rs.)
Capital 5,00,000
S.Creditors 50,000
Bank Loan 50,000
Buildings 4,00,000
S.Debtors 1,00,000
Motor car 1,00,000

Step 1: Creation of Company: Company Info -> Creation of Company

Step 2: Creation of Ledger Accounts: Gateway of Tally-> Accounts Info -> Ledgers -> Create

Sl. No. Name of Ledger Under Opening Balance

1 Capital Capital Account 5,00,000
2 S.Creditors Sundry Creditors 50,000
3 Bank Loan Current Liability 50,000
4 Buildings Fixed Asset 4,00,000
5 S.Debtors Sundry Debtors 1,00,000
6 Motor car Fixed Asset 1,00,000

Output: Gateway of Tally-> Display -> Trial Balance

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Problem 31: Create a Company / firm with your own name full details. Enter 10 cash
transactions and show cash book.
(i) Nanda started business with cash Rs. 500000
(ii) Cash Purchases Rs. 50000
(iii) Cash Sales Rs. 100000
(iv) Carriage Inward Rs. 500
(v) Carriage outward Rs. 200
(vi) Paid Salaries Rs. 6000
(vii) Paid insurance premium Rs. 500
(viii) Rent Rs. 300
(ix) Cash Paid to Prasad Rs. 1000
(x) Cash Received from Johnson Rs. 2000
Step 1: Creation of Company: Company Info -> Creation of Company
Step 2: Creation of Ledger Accounts: Gateway of Tally-> Accounts Info -> Ledgers -> Create

Sl. No. Name of Ledger Under Opening Balance

1 Nanda’s Capital A/c Capital A/c
2 Purchases A/c Purchases Account
3 Sales A/c Sales Account
4 Carriage Inward A/c Indirect Expenses
5 Carriage outward A/c Indirect Expenses
6 Salaries A/c Indirect Expenses
7 Insurance Premium A/c Indirect Expenses
8 Rent A/c Indirect Expenses
9 Prasad A/c Sundry Creditors
10 Johnson A/c Sundry Debtors
Step 3: Enter Transactions: Gateway of Tally -> Accounting Vouchers

Date Particulars Dr Cr Voucher

[Function Keys]
1 Cash A/c Dr 500000
To Nanda’s Capital A/c 500000 F6
[Being business started with cash]
2 Purchases A/c Dr 50000
To Cash A/c 50000 F9
[Being cash purchases made]
3 Cash A/c Dr 100000
To Sales A/c 100000 F8
[Being cash sales made]
4 Carriage Inward A/c Dr 500
To Cash A/c 500 F5
[Being cash paid for carriage inward]
5 Carriage Outward A/c Dr 200
To Cash A/c 200 F5
[Being cash paid for carriage outward]
6 Salaries A/c Dr 6000
To Cash A/c 6000 F5
[Being cash paid for salaries]
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7 Insurance Premium A/c Dr 500

To Cash A/c 500 F5
[Being cash paid for insurance premium]
8 Rent A/c Dr 300
To Cash A/c 300 F5
[Being cash paid for rent]
9 Prasad A/c Dr 1000
To Cash A/c 1000 F5
[Being cash paid Prasad]
10 Cash A/c Dr 2000
To Johnson A/c 2000 F6
[Being cash received from Johnson]
Output
Gateway of Tally -> Display -> Account Books -> Ledger -> Cash Book

Problem 32 & Problem 39:

Create a company with your name with details company address PAN no. Registration no
and save it. Enter 5 Bank transactions and show Bank book
(i) Cash deposited into Andhra Bank Rs. 100000
(ii) Rent paid through cheque Rs. 500
(iii) Dividends received by Bank Rs. 1000
(iv) Bank Charges. Rs 500
(v) Cash withdrawn from Bank Rs. 20000
Step 1: Creation of Company: Company Info -> Creation of Company
Step 2: Creation of Ledger Accounts: Gateway of Tally-> Accounts Info -> Ledgers -> Create

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Sl. No. Name of Ledger Under Opening Balance

1 Andhra Bank A/c Bank Accounts
2 Rent A/c Indirect Expenses
3 Dividend Received A/c Indirect Income
4 Bank Charges A/c Indirect Expenses
Step 3: Enter Transactions: Gateway of Tally -> Accounting Vouchers

Date Particulars Dr Cr Voucher

[Function Keys]
1 Andhra Bank A/c Dr 100000
To Cash A/c 100000 F4
[Being cash deposited into bank]
2 Rent A/c Dr 500
To Bank A/c 500 F5
[Being rent paid through cheque]
3 Bank A/c Dr 1000
To Dividend Received A/c 1000 F6
[Being dividend collected by bank]
4 Bank Charges A/c Dr 500
To Bank A/c 500 F5
[Being charges made by bank]
5 Cash A/c Dr 20000
To Andhra Bank A/c 20000 F4
[Being cash withdrawn from bank]
Output: Gateway of Tally -> Display -> Account Books -> Ledger -> Andhra Bank A/c

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Problem 33:
Enter the following transactions.
a) Purchase of furniture for 3,000 included in purchases.
b) Salary paid to Mr. X Rs.2,000 debited to his personal account.
c) Sale of plant Rs.1,500 credited to sales account.
d) Bad debts recovered Rs.800 credited to the personal a/c of Mr. Ramu.
Step 1: Creation of Company: Company Info -> Creation of Company
Step 2: Creation of Ledger Accounts: Gateway of Tally-> Accounts Info -> Ledgers -> Create

Sl. No. Name of Ledger Under Opening Balance

1 Furniture A/c Fixed Asset
2 Salary A/c Indirect Expenses
3 Plant A/c Fixed Asset
4 Bad Debts A/c Indirect Expenses
5 Mr. Ramu A/c Sundry Debtor
6 Mr X A/c Sundry Creditor
7 Purchases A/c Purchase Accounts
8 Sales A/c Sales Accounts
Step 3: Enter Transactions: Gateway of Tally -> Accounting Vouchers

Date Particulars Dr Cr Voucher

[Function Keys]
1 Furniture A/c Dr 3000
To Purchases A/c 3000
F7
[Being furniture purchased included in
purchases adjusted]
2 Salary A/c Dr 2000
To Mr X A/c 2000
F7
[Being Salary paid to Mr. X debited to his
personal account adjusted]
3 Sales A/c Dr 1500
To Plant A/c 1500
F7
[Being Sale of plant credited to sales
account adjusted]
4 Mr Ramu A/c Dr 800
To Bad Debts A/c 800
F7
[Being Bad debts recovered credited to the
personal a/c of Mr. Ramu adjusted]

Problem 34 & Problem 41:

Prepare a Bank book for the following transactions.
i. Balance at Andhra Bank Rs.1,50,000.
ii. Paid to Rama Rs.50,000 by Cheque.
iii. Paid to ABC Rs.15,000 by Cheque.
iv. Cash withdrawn by Cheque Rs10,000 for office use.
v. Deposited a Cheque from X for Rs.5,900 and Cash Rs.500.
Step 1: Creation of Company: Company Info -> Creation of Company

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Step 2: Creation of Ledger Accounts: Gateway of Tally-> Accounts Info -> Ledgers -> Create

Sl. No. Name of Ledger Under Opening Balance

1 Andhra Bank A/c Bank Account 150000
2 Rama A/c Sundry Creditor
3 ABC A/c Sundry Creditor
4 X A/c Sundry Debtor
Step 3: Enter Transactions: Gateway of Tally -> Accounting Vouchers

Date Particulars Dr Cr Voucher

[Function Keys]
1 Rama A/c Dr 50000
To Andhra Bank A/c 50000 F5
[Being Paid to Rama by Cheque]
2 ABC A/c Dr 15000
To Andhra Bank A/c 15000 F5
[Being Paid to ABC by Cheque]
3 Cash A/c Dr 10000
To Andhra Bank A/c 10000 F4
[Being Paid to Rama Rs.50,000 by Cheque]
4 Andhra Bank A/c Dr 5900
Cash A/c Dr 500
To X A/c 6400 F6
[Being deposited a Cheque from X for
Rs.5,900 and Cash Rs.500]
Output: Gateway of Tally -> Display -> Account Books -> Ledger -> Andhra Bank A/c

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Problem 35:
Create a company with full details. Enter the following transactions and Show P& L A/c.
Priyanka started Business Rs. 3,00,000
Opened account with bank Rs. 20,000
Bought Furniture by cheque Rs. 3,000
Paid office rent Rs. 500
Cash purchases Rs. 15,000
Cash Sales Rs. 5,000
Step 1: Creation of Company: Company Info -> Creation of Company
Step 2: Creation of Ledger Accounts: Gateway of Tally-> Accounts Info -> Ledgers -> Create

Sl. No. Name of Ledger Under Opening Balance

1 Priyanka’s Capital A/c Capital Account
2 Bank A/c Bank Accounts
3 Furniture A/c Fixed Asset
4 Office Rent A/c Indirect Expenses
5 Purchases A/c Purchases Accounts
6 Sales A/c Sales Accounts
Step 3: Enter Transactions: Gateway of Tally -> Accounting Vouchers

Date Particulars Dr Cr Voucher

[Function Keys]
1 Cash A/c Dr 300000
To Priyanka’s Capital A/c 300000 F6
[Being Priyanka started Business ]
2 Bank A/c Dr 20000
To Cash A/c 20000 F4
[Being account opened with bank ]
3 Furniture A/c Dr 3000
To Bank A/c 3000 F5
[Being furniture purchased with bank ]
4 Office Rent A/c Dr 500
To Cash A/c 500 F5
[Being paid for office rent]
5 Purchases A/c Dr 15000
To Cash A/c 15000 F9
[Being cash purchases made]
6 Cash A/c Dr 5000
To Sales A/c 5000 F8
[Being case sales made]
Output: Gateway of Tally -> Profit & Loss A/c

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Problem 36:
Assuming you own figures, prepare a cash book for the following cash transactions:
i. Raju introduced into business Rs.45,000
ii. Deposited into the bank Rs.40,000
iii. Purchased goods Rs.4,000
iv. Sold Goods worth Rs.4,000
v. Paid to Somu Rs.23,000
Step 1: Creation of Company: Company Info -> Creation of Company
Step 2: Creation of Ledger Accounts: Gateway of Tally-> Accounts Info -> Ledgers -> Create

Sl. No. Name of Ledger Under Opening Balance

1 Raju’s Capital A/c Capital Account
2 Bank A/c Bank Accounts
3 Purchase A/c Purchase Accounts
4 Sales A/c Sales Accounts
5 Somu A/c Sundry Creditor
Step 3: Enter Transactions: Gateway of Tally -> Accounting Vouchers

Date Particulars Dr Cr Voucher

[Function Keys]
1 Cash A/c Dr 45000
To Raju’s Capital A/c 45000 F6
[Being Raju started Business ]
2 Bank A/c Dr 40000
To Cash A/c 40000 F4
[Being cash deposited into bank ]

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3 Purchases A/c Dr 4000

To Cash A/c 4000 F9
[Being cash purchases made]
4 Cash A/c Dr 4000
To Sales A/c 4000 F8
[Being case sales made]
5 Somu A/c Dr 23000
To Cash A/c 23000 F5
[Being cash paid to Somu]

Output: Gateway of Tally -> Display -> Account Books -> Ledger -> Cash

Problem 37:
Edit the following transactions
a. Bought goods worth Rs.5,500, alter it to Rs.10,000
b. Sold Goods to Madhu Rs.5,000 alter into Rs.7,000
c. Cash received from Venkat Rs.1,000 alter it to Ramana
d. Paid cash to Vasu Rs1,000, alter to bank
Step 1: Creation of Company: Company Info -> Creation of Company
Step 2: Creation of Ledger Accounts: Gateway of Tally-> Accounts Info -> Ledgers -> Create

Sl. No. Name of Ledger Under Opening Balance

1 Purchase A/c Purchase Accounts
2 Sales A/c Sales Accounts
3 Venkat A/c Sundry Debtor
4 Ramana A/c Sundry Debtor
5 Madhu A/c Sundry Debtor
6 Vasu A/c Sundry Creditor
7 Bank A/c Bank Accounts
Step 3: Enter Transactions: Gateway of Tally -> Accounting Vouchers

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Date Particulars Dr Cr Voucher

[Function Keys]
1 Purchases A/c Dr 5500
To Cash A/c 5500 F9
[Being cash purchases made]
2 Cash A/c Dr 5000
To Sales A/c 5000 F8
[Being goods sold to Madhu on credit basis]
3 Cash A/c Dr 1000
To Venkat A/c 1000 F6
[Being cash received from Venkat]
4 Vasu A/c Dr 1000
To Cash A/c 1000 F5
[Being cash paid to Vasu]
Step 4: Alter: Gateway of Tally -> Accounting Vouchers -> Page Up
Date Particulars Dr Cr Voucher
[Function Keys]
1 Purchases A/c Dr 10000
To Cash A/c 10000
F9
[Being cash purchases made alteration
made from Rs. 5500 to Rs. 10000]
2 Cash A/c Dr 7000
To Sales A/c 7000
[Being goods sold to Madhu on credit basis F8
made alteration made from Rs. 5000 to Rs.
7000]
3 Cash A/c Dr 1000
To Ramana A/c 1000
F6
[Being cash received from Venkat has been
altered to cash received from Ramana]
4 Bank A/c Dr 1000
To Cash A/c 1000
F4
[Being cash paid to Vasu has been altered to
cash deposited into bank]

Problem 38:
Show the trail balance given below:
Name of the Account Dr. (Rs.) Cr. (Rs.)
Furniture 1,30,000
Plant 5,00,000
Bank 3,00,000
Buildings 8,00,000
Capital 10,00,000
Bills Payable 7,00,000
Outstanding salaries 30,000

Step 1: Creation of Company: Company Info -> Creation of Company

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Step 2: Creation of Ledger Accounts: Gateway of Tally-> Accounts Info -> Ledgers -> Create

Sl. No. Name of Ledger Under Opening Balance

1 Furniture A/c Fixed Asset 1,30,000
2 Plant A/c Fixed Asset 5,00,000
3 Bank A/c Bank Account 3,00,000
4 Buildings A/c Fixed Asset 8,00,000
5 Capital A/c Capital Account 10,00,000
6 Bills Payable A/c Current Liability 7,00,000
7 Outstanding salaries A/c Current Liability 30,000
Output: Gateway of Tally -> Trial Balance

Problem 40:
Show the balance sheet of Kalyan & Co. with the following accounts under relevant
groups: Assume your own figures.
i. 3 Current Liabilities and 2 long term liabilities.
ii. 5 Current Assets and 3 Fixed Assets.
iii. 1 Capital account.
iv. 1 Drawing account.
Step 1: Creation of Company: Company Info -> Creation of Company
Step 2: Creation of Ledger Accounts: Gateway of Tally-> Accounts Info -> Ledgers -> Create

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Sl. No. Name of Ledger Under Opening Balance

1 Bills Payable Current Liabilities 7000
2 Outstanding Rent Current Liabilities 5000
3 Sundry Creditors Current Liabilities 50000
4 Loan from Bank Loan (Liability) 300000
5 Loan from Smith Loan (Liability) 100000
6 Sundry Debtors A/c [Current Asset] Sundry Debtors 12000
7 Bills Receivable Current Assets 50000
8 Prepaid Insurance Current Assets 10000
9 Investments Current Assets 150000
10 Closing Stock [Current Asset] Stock – In - Hand 30000
11 Buildings A/c Fixed Assets 250000
12 Machinery A/c Fixed Assets 100000
13 Furniture A/c Fixed Assets 50000
14 Kalyan’s Capital A/c Capital Account 500000
15 Drawings Capital Account 20000 [Dr]
16 Cash Cash – In - Hand 50000

Output: Gateway of Tally -> Balance Sheet

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Problem 47:
Opening Balance sheet
Capital 6,00,000
Motor car 2,00,000
Machinery 1,00,000
S.Debtors 50,000
Cash 1,50,000
Transactions:
Purchases R. 28,000
Sales Rs.49,000
Paid Wages Rs,2,000
Paid salaries 3,000
Insurance paid 500
Commission paid 200
Adjustments:
Outstanding wages at the end of the year Rs.500
Outstanding salaries at the end of the year Rs.100
Prepaid insurance Rs.100 Closing Stock Rs.6,000

Step 1: Creation of Company: Gateway of Tally -> Creation of Company

Step 2: Creation of Ledger Accounts: Gateway of Tally-> Accounts Info -> Ledgers -> Create

Sl. No. Name of Ledger Under Opening Balance

1 Capital A/c Capital Account Rs.6,00,000
2 Motor car A/c Fixed Asset Rs.2,00,000
3 Machinery A/c Fixed Asset Rs.1,00,000
4 S.Debtors A/c Sundry Debtors Rs. 50,000
5 Cash A/c Cash In Hand Rs.1,50,000
6 Wages A/c Direct Expenses
7 Salaries A/c Indirect Expenses
8 Insurance A/c Indirect Expenses
9 Commission A/c Indirect Expenses
10 Sales A/c Sales Account
11 Purchases A/c Purchase Account
12 Closing Stock A/c Current Asset
13 Outstanding Wages A/c Current Liability
14 Outstanding Salaries A/c Current Liability
15 Prepaid Insurance A/c Current Asset
16 Trading Closing Stock A/c Direct Income
Step 3: Enter Transactions: Gateway of Tally -> Accounting Vouchers

Date Particulars Dr Cr Voucher

[Function Keys]
1 Wages A/c Dr 2000
To Cash A/c 2000 F5
[Being wages paid]

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2 Salaries A/c Dr 3000

To Cash A/c 3000 F5
[Being salaries paid]
3 Insurance A/c Dr 500
To Cash A/c 500 F5
[Being insurance premium paid]
4 Commission A/c Dr 200
To Cash A/c 200 F5
[Being commission paid]
5 Cash A/c Dr 49000
To Sales A/c 49000 F8
[Being sales made through cash]
6 Purchases A/c Dr 28000
To Cash A/c 28000 F9
[Being wages paid]
7 Closing Stock A/c Dr 6000
To Trading Closing Stock A/c 6000 F7
[Being closing stock adjusted]
8 Wages A/c Dr 500
To Outstanding Wages A/c 500 F7
[Being outstanding wages Adjusted]
9 Salaries A/c Dr 100
To Outstanding Salaries A/c 100 F7
[Being outstanding salaries Adjusted]
10 Prepaid Insurance A/c Dr 100
To Insurance A/c 100 F7
[Being prepaid insurance adjusted]

Output: Gateway of Tally -> Balance Sheet

B.Com First Year [General, Computers & Computer Applications] Page 63

Financial Accounting – Practical Problems with Solutions – Tally. ERP 9
 St. PAUL’S DEGREE COLLEGE Ph.No. 27602533

Problem 48:
Enter the following balance and create B/S:
Particulars Dr. (Rs.) Cr. (Rs.)
Cash in hand 1,00,000
B/R 10,000
S.Debtors 40,000
Patents 20,000
Plant 30,000
S.Creditors 50,000
B/R 50,000
Capital 1,00,000

Step 1: Creation of Company: Gateway of Tally -> Creation of Company

Step 2: Creation of Ledger Accounts: Gateway of Tally-> Accounts Info -> Ledgers -> Create

Sl. No. Name of Ledger Under Opening Balance

1 Cash in hand A/c Cash in hand 1,00,000
2 B/R A/c Current Asset 10,000
3 S. Debtors A/c Sundry Debtors 40,000
4 Patents A/c Fixed Asset 20,000
5 Plant A/c Fixed Asset 30,000
6 S.Creditors A/c Sundry Creditors 50,000
7 B/P A/c Current Liabilities 50,000
8 Capital A/c Capital A/c 1,00,000

Output: Gateway of Tally -> Balance Sheet

B.Com First Year [General, Computers & Computer Applications] Page 64

Financial Accounting – Practical Problems with Solutions – Tally. ERP 9