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List of Transactions-Wholeseller @ Tally.ERP 9 [ APRIL 2013 ]
Transactions No . 5 to 8

5)

10-4-2013

Mr. Rai issued a cheque to purchase the following assets. (Cheque number: 123454.)

Asset

Cost

Rate of Depreciation

Cell Phone

Rs. 5,500

15%

Computer

Rs.25,000

60%

Electrical Fittings

Rs. 5,000

10%

Motor Vehicle ( 2 Wheeler)

` 40,000

15%

i.        Create a multiple ledger “Cell Phone”, “Computer”, “Electrical Fittings”, “Motor Vehicle” (all under Fixed Assets).


ii.       Make an entry of the transaction in a Bank Payment voucher.


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7)

20-4-2013

Mr. Rai purchased the following items from “A2Z Traders” on credit.

Items

Qty

Rate per
Piece
(Rs.)

Value

In put
VAT

Total
Value

High Capac-
ity Stabilisers

100 Pcs.

600

60,000

12.5%

67,500

 

Note: Mr. Ral wants to segregate local and outstation creditors’ accounts. Hence, he asks his accountant to create sub-groups under the primary  group Sundry Creditors as depicted in the chart.

 

 

As per Tally conventions


i. Create group Local Creditors (under Sundry Creditors)

Go to Gateway of Tally > Accounts Info. > Groups> Create to view the group creation screen.


1. Name: Local Creditors.
2. Under: Sundry Creditors.
3. Group behaves like sub-Ledger: Yes.
4. Accept? Yes or No — Press Y or Press Enter.


Note: The rest of the fields are retained at their default values. Press Enter to skip fields without making changes.


ii. Create ledger A2Z Traders (under Local Creditors)


Go to Gateway of Tally > Accounts Info> Ledger> Create to view the ledger creation screen.


1. Name: A2Z Traders.
2. Under: Local Creditors.
3. Maintain balances bill-by-bill: No.
4. Default Credit Period: Leave it blank
5. Inventory values are affected: No.
6. Accept? Yes or No — Press Y or Enter.


Note: The rest of the fields are retained at their default values. Press Enter to skip fields without making changes.

 

iii. Create ledger — Purchases @ 12.5% (under Purchase Accounts)


Note: To enable VAT in F11: Features > Statutory & Taxation set Yes to Enable Value Added Tax (VAT) and Set/Alter VAT Details. Company VAT Details screen displays. In the Company VAT Details screen, set the details as follows.


State: Orissa
Type of Dealer: Regular
Regular VAT applicable from: 1.4.2013.


Go to Gateway of Tally > Accounts Info. > Ledger> Create to view the ledger creation screen.


1. Name: Purchases @12.5%.
2. Under: Purchase Accounts.
3. Currency of Ledger: Rs.
4. Inventory values are affected: Yes.
5. Used in VAT Returns?: Yes.

6.VAT/Tax Class: Purchases @ 12.5%.

 Note: The rest of the fields are retained at their default values. Press Enter to skip fields without making changes.

7. Accept? Yes or No — Press Y or Enter.

 

iv. Create ledger Input VAT @ 12.5% (under Duties and Taxes).


Go to Gateway of Tally > Accounts Info> Ledger> Create to view the ledger creation screen.

 

I Name: Input VAT @ 12.5%.
2. Under: Duties and Taxes.
3. Currency of Ledger: Rs
4. Type of DutylTax: Select VAT
from Types of Duty/Tax list.
5. VAT/Tax Class: Input VAT @ 12.5%.
6. Inventory values are affected?: No.
7. Accept? Yes or No?
— Press Y or Enter.


Note:
Since Input VAT @ 12.5% is selected as the VAT/Tax class, the percentage of calculation automatically appears as 12.50. The method of calculation automatically is set to On VAT Rate when VAT is Selected as the type of duty/tax.

 

 

 

Stock Item


Stock item is the primary inventory entity. Stock items are used while recording receipts and issues of inventory. This is the lowest level of information of inventory. Each item that is required to be accounted, needs to be created. A stock ledger account is created for each item and Tally calls this account Stock Item.

 


Stock Group


Stock items can be grouped together under stock groups to reflect their classification based on some commonality. Grouping enables easy location and reporting of stock items in statements. Hence, items of a particular brand or type can be grouped together so that one can extract stock of all items of that brand or type. For further analysis, sub-groups of stock groups can be created.


Units of Measure


Unit of measure is the basic unit of measurement used to measure stock items. For every stock item, a unit of measure needs to be created. These can be simple units (for example numbers, meters, kilograms, pieces) or compound units (for example box, where one box equals 10 pieces). A compound unit is a relation between two simple units. Hence, before a compound unit is created, ensure that the two simple units are created.


Note: In this volume, only simple units are created and used. The Creation and use of compound units will be dealt with in the next volume.

 

v.       Create stock group Stabilisers (under Primary)

Go to Gateway of Tally> Inventory Info. > Stock Groups > Create to view the stock group creation screen.

1. Name: Stabilisers.
2. (alias): Skip field.
3. Under: Primary.
4. Can Quantities of items be ADDED?: No.
5. Accept? Yes or No — Press Y or Enter.

vi. Create units of measure Numbers

Go to Gateway of Tally> Inventory Info. > Units of Measure> Create to bring up the unit creation screen.

1. Type: Select Simple from Types of units list.
2. Symbol: nos.
3. Formal Name: Numbers.
4. Number of Decimal Places: 0.

5. Accept? Yes or No - Press Y or Enter.


vi. Create stock item -. High Capacity Stabilisers (under Stabilisers)

Go to Gateway of Tally> Inventory Info. > Stock Items > Create to bring up the stock item creation screen.

1. Name: High Capacity Stabilisers.
2. (alias): Skip field.
3. Under: Stabilisers.
4. Units: nos.
5. Rate of Duty: 0.
6. Rate of VAT: 12.50.

7. Accept ? Yes or No – Press T or Enter

 

 

 

vii.     Make an Entry of the Transaction in a Purchase Voucher

 

Go to Gateway of Tally > Accounting Vouchers > F9 : Purchase displays purchase voucher entry screen

 

Mention the Purchase Bill No - P-A2Z-01 [ Select the Method of Voucher Numbering as Manual with Prevent Duplicate : No in the Alternation of Purchase Voucher Under "Accounts Info > Voucher Type > Single Alter > Purchase " ].

 

 
 
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8)

21-4-2013

Mr. Rai purchased the following items from “A2Z Traders” on credit.

Items

Quantity
(In
Pieces)

Rate per
Piece
(Rs.)

Value

In put
VAT

Total
Value

Low Capac-
ity Stabilisers

100

400

40,000

12.5%

45,000

Open well Pumps

50

1,500

75,000

4%

78,000

Submersible Pumpls

100

2000

2,00,000

4%

2,08,000

Gross Total

3,31,000

 

As per Tally conventions

i.        Create ledgers "Purchases @ 4%" (under Purchase Accounts) and "Input VAT @ 4%" (under Duties and Taxes).

 

 


ii.       Create stock group "Pumps" (under Primary).

 


iii.      Create stock items "Low Capacity Stabilisers" (under Stabilisers), "Open Well Pumps" and "Submersible Pumps" (both under Pumps).

 

 

 


iv. Make an entry of the transaction in a Purchase voucher.


Go to Gateway of Tally> Accounting Vouchers > F9: Purchase to view the purchase voucher creation screen.

 
Note : Press F12 : Configuration & Select ' Use Common Ledger A/c for item Allocation - No '
 
 
 
 
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Tally.ERP9 Report
  1. Unit Objectives
  2. Modifying Reports (Options)
  3. Balance Sheet
  4. Profit & Loss Account
  5. Stock Summary
  6. Trial Balance
  7. Day Book
  8. Books of Accounts
  9. Statement of Accounts
  10. Inventory Books
  11. Statutory Reports
  12. List of Accounts ( Chart of Accounts)
  13. Exception Reports
  14. Printing Reports
Tally.ERP9 MIS and Other Reports
Q-Base [ F.A.Q.]
Question Base [F.A.Q.]- Centreal Sales Tax (CST) @ Tally.ERP 9
Question Base [F.A.Q.] on EXCISE for DEALER @ Tally.ERP 9
Question Base - EXCISE for MANUFACTURER @ Tally.ERP 9
Question Base [F.A.Q.]- 'JOB Costing' @ Tally.ERP 9
Question Base - PAY-ROLL @ Tally.ERP 9
Question Base [F.A.Q.]- Point Of Sale (POS) @ Tally.ERP 9
Question Base [F.A.Q.]- Service TAX @ Tally.ERP 9
Question Base [F.A.Q.]- Technology & Utility @ Tally.ERP 9
Question Base [F.A.Q.]- Value Added Tax (VAT) @ Tally.ERP9
 
Reports @ Tally.ERP 9
 
 
 
 
Company Information @ Tally.ERP9
 
Group & Ledger

Introduction
1. THE GROUP
2. THE LEDGER
3. VOUCHERS TYPES

Advanced Inventory / Stock
Meaning
Order Processing
Re-Order Levels
Tracking Numbers
Batch-wise Details
Additional Cost Details
Bill of Materials (BOM)
Price Lists and Price Levels
Stock Valuation
Zero Valued Entries
Inventory Ageing Report
Actual and Billed Quantities
Advanced Usage of Vouchers
Maintain Bill-wise Details
Cost Center and Cost Category
Interest Calculation
Reversing Journals
Post-Dated Voucher
Memo (Memorandum) Voucher
Optional Voucher
Using Tracking Number
Statutory & Taxation
Utilities & Others @ Tally.ERP9
Credit Limits
Knowledge Base @ Tally.ERP9
Stock Items
Stock Groups
Inventory Masters
Inventory Vouchers
Inventory Report Statements
Balance Sheet
Accounting Reports
Accounting Vouchers
Interest Calculation
VAT-Value Added Tax
Service Tax
TDS (Tax Deducted at Source)
Disclaimer

The names of Companies and persons used in this Website have been used for illustrative purposes only.
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