may 1- started business with cash Rs 30,000. bought goods from sharma and company Rs 10,000.

1. may 1- started business with cash Rs 30,000. • bought goods from sharma and company Rs 10,000. • sold goods to s. sharma Rs 3,000. • cash sales to hari Rs Rs 4,000. • opend a current account in bank with Rs 6,000. • Received cash from s. sharma Rs 2950 and allowed discount Rs 50.

2. journal he • jun 1- commenced business with cash Rs 20,000. • jun 5 – bought goods on cash Rs 2,000. • jun 10 – sold goods cash Rs 6,000. • jun 15 – deposited in bank Rs 9,000. • jun 20 – withdraw from bank for business for personal purpose Rs 1500. • jun 25 – withdraw from bank personal purpose Rs 1300. • jun 28 – paid rent Rs 500. • jun 29 – trade expense Rs 300.

4. you are required to prepare the journal • Jan 1 – hira started business with capital of 2,00,000. • jan 5 – deposited in to bank 1,75,000. • jan 7 – purchased goods for cash 20,000. • jan 10 – sold goods for cash 12,000. • jan 15 goods purchased from birat store 15,000. • jan 19 – paid to brita store in full settlement 14,900. • jan 22 – goods sold to hira chandra 22,000. • jan 25 – receive from hari chandra 21,700 allowed discount to him 300. • jan 27 – withdrew from bank for business 18000. • jan 28 – withdrew from bank for personal use 7,000.

6. the following of transaction are given. • may 1- goods purchase of Rs 70,000. • may 5 – goods purchased on credit from ram of Rs 30,000. • may 10 – goods sold for Rs 80,000. • may 15 – goods withdrew by proprietor for personal use Rs 3,000. • may 20 – paid to ram Rs 29,000 in full settlement of his account .

8. Steps to remember to keep records in tally. • Create a company • Create all types of ledger. • Voucher entry.

9. Starting tally. • Click on start button. • Select program • Click on tally 7.2.

10. Quitting tally • You can start to exit the program from any tally screen, but tally requires all screens to be closed before it shuts down. • Press ESC until you see the message ‘Quit ? Yes or No

11. Minimize button title bar the tally start up screen gateway of tally calculator Buttons toolbar.

12. title bar :- displays the version number, system date and time and the tally serial number. • gateway of tally :- displays menus, screens and reports, and also accepts the choices and option you select to view the information as required. • buttons toolbar :- displays buttons that provide quick interaction with tally. • calculator :- used for calculator functions and ODBC server functionality. Cltr + N. • minimize button :- this option is used to minimize tally and work on other applications.

13. Creating company. • Press ESC key three time. • Create company  • New company dialog box appears.

15. Directory :- the location where the company related information should be stored. Usually default location is C:\tally\data. • Name :- name of the company. • Address :- Address of the company. • Mailing name:- sub company name. • Email :- give the email address that will be used to email document, reports and data from tally. • Income tax, local sales tax and interstate sales tax number :- this is to record the range of income tax, local and inter state sales tax registration numbers.

16. Currency symbol :- this tells the symbol to use for monetary values. By default, tally displays Rs. • Maintain :- 1. Account only :- financial accounts of the company only. 2. Accounts with inventory :- Both financial accounts and inventory of the company. • Financial year from :- specify the financial year for this company . Tally considers 12 months from the date you give here as the financial year. • Books beginning from :- the date give for “ Financial year from” is automatically displayed.

17. Tally vault :- give a password here if you want the company data to be maintained in an locked form. remember to keep this password private and known only to those who need to know. If the password is lost, your data cannot be recovered. • Security control :- tally has a range of security features. Yes or NO .

18. Loading a company. • Company info select company • Choose the company from the list

19. Alter company • Press Alter + F3  • Gateway of tally company info  Alter  • Select the company from the list  • Change the information as needed • Accept it 

20. Delete company • Gateway of tally  company info  Alter • Select the company from the list  • Press the Alter + D • Accept the information for deleted. • Accept it 

21. Shut company. • Company info select company • Choose the company form list

22. group

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24. To create a group • Gateway of tally  Account info  group • Group dialog box appears.

25. Select the create from single  • Other dialog box appears.

26. Type the group name and select the group, nature etc tally as ( Accept yes\no) Y to create or N to another.

27. Altering group. • Gateway of tally  Account Info  Group single  Alter  • Change the information of the group as needed  • Accept it 

28. Deleting the group • Gateway of tally  Account info  Group  Single  Alter  • Select the group to be deleted . • Press alter + D  • Accept the information .

29. Creating a ledger • Gateway of tally  Account info  ledger  Single create  • Ledger dialog box appears.

30. Feed all the required information and Accept it 

31. Displaying a ledger • Gateway of tally  Account info ledger  Single  display  • Select the ledger 

32. Altering a ledger • Gateway of tally  Account info  ledger  Single  Alter • Select the ledger  • change the required information . • Accept it 

33. Deleting a ledger • Gateway of tally Account info  ledger  Single  Alter  • Select the ledger  • Choose the required information .  • Press Alter + D  • Accept the information 