Tally Notes: Basic Accounting

Tally Notes
Basic Accounting
Basic concept of accounting Accounting: It is an art of recording, classifying and

summarizing in significant manner and in terms of mo...
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Basic Accounting For Tally
 Accounting Policies
DISCLOSURE OF ACCOUNTING
POLICY Accounting policies are the speci...
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TDS (Tax Deducted at Source) - Tally.ERP 9
Introduction TDS refers to Tax Deducted at Source . The concept of TDS was introduced
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Import Formats Tally.ERP 9 supports XML format to import data. To Import Masters
execute the following steps: Go to Gateway of Ta...
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Saturday, 18 June 2011

Basic Accounting
Basic concept of accounting
Accounting: It is an art of recording, classifying and summarizing in significant manner and in terms of
money, transactions and events which are of financial character and interpreting the results thereof.
Business transaction: A business transaction is “The movement of money and money’s worth form one
person to another”. Or exchange of values between two parties is also known as “Business Transaction”.
Purchase: A purchase means goods purchased by a businessman from suppliers.
Sales: Sales is goods sold by a businessman to his customers.
Purchase Return or Rejection in or Outward Invoice: Purchase return means the return of the full or a
part of goods purchased by the businessman to his suppliers.
Sales Return or Rejection out or Inward Invoice: Sales return means the return of the full or a part
of the goods sold by the customer to the businessman.
Assets: Assets are the things and properties possessed by a businessman not for resale but for the use in
the business.
Liabilities: All the amounts payable by a business concern to outsiders are called liabilities.
Capital: Capital is the amount invested for starting a business by a person.
Debtors: Debtor is the person who owes amounts to the businessman.
Creditor: Creditor is the person to whom amounts are owed by the businessman.
Debit: The receiving aspect of a transaction is called debit or Dr.
Credit: The giving aspect of a transaction is called credit or Cr.
Drawings: Drawings are the amounts withdrawn (taken back) by the businessman from his business
for his personal, private and domestic purpose. Drawings may be made in the form cash, goods and assets
of the business.
Receipts: It is a document issued by the receiver of cash to the giver of cash acknowledging the
cash received voucher.
Account: Account is a summarized record of all the transactions relating to every person, every
thing or property and every type of service.
Ledger: The book of final entry where accounts lie.
Journal entries: A daily record of transaction.
Trail Balance: It is a statement of all the ledger account balances prepared at the end of particular period
to verify the accuracy of the entries made in books of accounts.
Profit: Excess of credit side over debit side.
Profit and loss account: It is prepared to ascertain actual profit or loss of the business.
Balance Sheet: To ascertain the financial position of the business. It is a statement of assets and
liabilities.
Types of accounts
Personal account: Personal accounts are the accounts of persons, firms, concerns and institutions
which the businessmen deal.
Principles: Debit the receiver

Credit the giver
Real Account: These are the accounts of things, materials, assets & properties. It has physical existence
which can be seen & touch.
Ex. Cash, Sale, Purchase, Furniture, Investment etc.
Principles: Debit what comes in

Credit what goes out
Nominal account: Nominal account is the account of services received (expenses and Losses) and
services given (income and gain)
Ex. Salary, Rent, Wages, Stationery etc.
Principles: Debit all expense/losses

Credit all income/ gains
Tally 7.2
Tally is a complete business solution for any kind of Business Enterprise. It is a full
fledged accounting software.
Procedure for creating company in Tally
Double click on Tally icon on desktop. Alt+F3 Company info-Create company.
Accounts Only: To maintain only the financial accounts of the company. Inventory (stock)
management is not involved in it.
Account with Inventory: This is the default option, which allows maintaining both the
financial account of the company as well as the inventory of the company.
Select Company: We can choose the company which is already created.

Shortcut key - F1.
Shut Company: It is used to close the company which is opened. Shortcut key - Alt+F1.
Alter: It is used to make alterations in the company creation like name, date, maintain etc.
Quit: Exits from Tally. 1. Click on quit button.

2. Esc, Esc, Esc and enter.
3. Ctrl+Q
Short cut keys
Alt+F3 Company information menu
Enter To accept information typed into a field.

To accept a voucher or master.
To get a report with further details of an item in a report.
Esc To remove what has been typed into a field.

To exit a screen.
To indicate you do not want to accept a voucher or master.
To accept a form wherever you use the key combination the screen or report will be accepted as
it is on this screen.
It quits the screen without making any changed to it.
Alt+C To create a master at a voucher screen.

When working within an amount field presses Alt+C to act as a calculator.
Alt+D To delete a voucher.

To delete a master.
Ctrl+Enter To alter a master while making an entry or viewing report.
F2 Date
Alt+F2 Change period
Alt+F1 To see detail
F11 Features company
F12 Configuration options are applicable to all the companies in a data

directory.
Ctrl+N Calculator screen.
Ctrl+V Voucher mode (Cr. Dr)

Invoice mode (name of item, rate, quantity, and amount)
Gateway of tally-Accounts info-Group
Bank account Bank Account
Bank Od account Branch/division
Capital account Cash in hand
Current asset Current liability
Deposit Direct expenses
Direct income Indirect expense
Indirect income Duties and tax
Fixed asset Investment
Loans and advance Loan (liability)
Miscellaneous expenses Provisions
Retained earning Reserves and surplus
Purchase account Sales account
Secured loan Stock in hand
Sundry debtor’s Sundry creditors
Suspense Unsecured account
Meaning:
Current asset:
It is converted into cash with in a year. Ex. Bills receivable
expenses:
These are the expenses which are directly related to manufacturing of goods.
Ex. Wages, factory rent, heating, lighting etc
ct expense:
These are the expenses which are indirectly related to manufacturing of goods.
Ex. Salary, rent, stationery, advertisement, printing
ciation: Decrease the value of the asset.
Sundry debtors: The person who is the receiver or customer
Sundry creditors: The person who gives or supplier.
Expenses Outstanding or Unpaid expenses or Expenses due:

Expenditure incurred during current year but the amount on which is not yet paid. (Added
to the expenditure on the debit side and entered on the liability side.)
Income received in advance or Income received but not earned

Income received during the current year but not earned or a part of which relates to the
next year. (Deducted form the concerned income on the credit side and entered on the liability
side)
Prepaid advance or Expenses or Prepaid expenses
Expenditure paid during current year but not incurred or a part of which relates to the
next year is called expenditure prepaid. (Deducted form the concerned expenditure on the debit
side and entered on the assets side)
Income outstanding or income earned but not received or Income accrued

Income outstanding means income earned during the current year but the amount on
which is not yet received (added to the concerned income on the credit side and entered on the
asset side)
Gateway of Tally-Accounts info-ledger-create
Ledger Group
Opening stock Stock in hand
Purchase Purchase account
Purchase return Purchase account
Fright charges Direct expenses
Carriage inwards or Purchases Direct expenses
Cartage and coolie Direct expenses
Octroi Direct expenses
Manufacturing wages Direct expenses
Coal, gas, water Direct expenses
Oil and fuel D
irect expenses
Factory rent, insurance, electricity, lighting and heating Direct expenses
Sales Sales account
Salary Indirect expenses
Postage and telegrams Indirect expenses
Telephone charges Indirect expenses
Rent paid Indirect expenses
Rates and taxes Indirect expenses
Insurance Indirect expenses
Audit fees Indirect expenses
Interest on bank loan Indirect expenses
Interest on loans paid Indirect expenses
Bank charges Indirect expenses
Legal charges Indirect expenses
Printing and stationery Indirect expenses
General expenses Indirect expenses
Sundry expenses Indirect expenses
Discount allowed Indirect expenses
Carriage outwards or sales Indirect expenses
Traveling expenses Indirect expenses
Advertisement Indirect expenses
Bad debts Indirect expenses
Repair renewals Indirect expenses
Motor expenses Indirect expenses
Depreciation on assets Indirect expenses
Interest on investment received Indirect income
Interest on deposit received Indirect income
Interest on loans received Indirect income
Commission received Indirect income
Discount received Indirect income
Rent received Indirect income
Dividend received Indirect income
Bad debts recovered Indirect income
Profit by sale of assets Indirect income
Sundry income Indirect income
Loan from others Loan Liabilities
Bank loan Loan Liabilities
Bank overdraft Bank OD
Bills payable Current Liabilities
Sundry creditors Sundry creditors
Mortgage loans Secured loans
Expense outstanding Current Liabilities
Income received in advance Current Liabilities
Other liabilities Current Liabilities
Capital Capital account
Drawings Capital account
Cash in hand Cash in hand
Cash at bank Bank account
Fixed deposit at bank Deposit
Investments Investments
Bills receivable Current asset
Sundry debtors Sundry debtors
Closing stock Stock in hand
Stock of stationery Current asset
Loose tools Fixed asset
Fixtures and fittings Fixed asset
Furniture Fixed asset
Motor vehicles Fixed asset
Plant and machinery Fixed asset
Land and building Fixed asset
Leasehold property Fixed asset
Patents Fixed asset
Goodwill Fixed asset
Prepaid expenses Current asset
Income outstanding Current assset
Trading account: Buying and selling of goods.
Dr. Receiving aspect Giving aspect

Cr.
Direct expenses Amount Direct Income Amount
To Opening stock xxx By Sales xxx
To Purchases xxx By (-)Sales return xxx
To (-)purchase return xxx By Closing stock xxx
To Freight charges xxx
To Cartage and coolie xxx
To Lorry hire xxx
To Manufacturing expenses xxx
To Wages xxx
To Factory rent, fuel power xxx
To Gross profit (transfer to profit and loss account) xxx
To Profit and loss account: Actual profit and loss of the business
Indirect expenses or payments Amount Indirect income or receipts Amount
To Salary xxx By Gross profit xxx
To Postage and Telegram xxx By Interest on investment received xxx
To Telephone charges xxx By Interest on deposit received xxx
To Rent paid xxx By Interest on loans received xxx
To Rate and taxes xxx By Discount received xxx
To Insurance paid xxx By Discount received xxx
To Interest on bank loan xxx By Rent received xxx
To Bank charges xxx By Bad debts received xxx
To Printing and stationery xxx By Net loss xxx
To Discount allowed xxx
To Advertisement
To Carriage outward (sales)
To Depreciation on assets
To General expenses
To Traveling
To Bad debts
To Net profit
Balance sheet: Actual financial position
Liabilities Amount Assets Amount

Bank loan xxx Cash in hand xxx
Bank overdraft xxx Cash at bank xxx
Bills payable xxx Fixed deposit at bank xxx
Sundry creditors xxx Investments xxx
Expenses outstanding xxx Bills receivable xxx
Capital xxx Sundry debtors xxx
(-)drawings xxx Closing stock xxx
Net profit xxx Stock of stationery xxx
Furniture xxx
Plant machinery xxx
Land and building xxx
Motor vehicles xxx
Prepaid expenses xxx
Income outstanding xxx
Alt+F3 Company Creation

Gateway of tally-Accounting voucher
F4 Contra: Records funds transfer between cash and bank accounts.

Deposit into bank or Opened bank account Cr. Cash
Dr. Bank
Withdraw form bank Cr. Bank
Dr. Cash
F5 Payment: Record all bank and cash payments.
Paid or Give Dr.
Cr. Cash/bank (in case cheque)
F6 Receipt: Records all receipts into bank or cash accounts.
Received or Borrow or Take Cr.
Dr. Cash/bank (in case cheque)
F7 Journal: Records adjustments between ledger accounts.
F8 Sales: Records all sales.
Dr. Cash/party (incase of credit-
party)
Cr. Sales
F9 Purchase: Records all purchase.
Cr. Cash/party (incase of credit-
party) Dr. Purchase
Journalize the following transactions
1. Commenced business with cash Rs.10, 000.

2. Deposit into bank Rs. 15,000
3. Bought office furniture Rs.3,000
4. Soled goods for cash Rs.2,500
5. Purchased goods form Mr X on credit Rs.2,000
6. Soled goods to Mr Y on credit Rs.3,000
7. Received cash form Mr. Y on account Rs.2,000
8. Paid cash to Mr X Rs. 1,000
9. Received commission Rs. 50
10. Received interest on bank deposit Rs. 100
11. Paid into bank Rs. 1,000
12. Paid for advertisement Rs.500
13. Purchased goods for cash Rs. 800
14. Sold goods for cash Rs. 1,500
15. Paid salary Rs. 500
Gateway of tally-Account info-Ledger-Create

Gateway of tally – Accounting voucher
Type of
Sl.No Key Voucher Ledger Group Principles Amount
account
Cr. Capital Capital
Personal Giver 10,000
account
1 F6 Receipt
Dr. Cash Cash in
Real Comes in 10,000
hand
Cr. Cash Cash in
Real Goes out 15,000
hand
2 F4 Contra
Dr. Bank Bank
Real Comes in 15,000
account
Dr. Office Fixed
Real Comes in 3,000
furniture asset
3 F5 Payment
Cr. Cash Cash in
Real Goes out 3,000
hand
Dr. Cash Cash in
Real Comes in 2,500
hand
4 F8 Sales
Cr. Sales Sales
Real Goes out 2,500
account
Cr. X Sundry
Personal Giver 2,000
creditor
5 F9 Purchase
Dr. purchase Purchase
Real Comes in 2,000
account
Dr. Y Sundry
Personal Receiver 3,000
debtors
6 F8 Sales
Cr. Sales Sales
Real Goes out 3,000
account
Cr. Y Giver 2,000
7 F6 Receipt Dr. cash Cash in
Real Comes in 2,000
hand
Dr. X Receiver 1,000
8 F5 Payment Cr. Cash Cash in
Real Goes out 1,000
hand
Cr. Indirect Credit all
Nominal 50
commission income income
9 F6 Receipt
Dr. cash Cash in
Real Comes in 50
hand
Cr. Interest on Indirect Credit all
Nominal 100
bank deposit income income
10 F6 Receipt
Dr. Bank Bank
Real Comes in 100
account
Cr. Cash Cash in
Real Goes out 1,000
hand
11 F4 Contra
Dr. Bank Bank
Real Comes in 1,000
account
Dr. Indirect Debit all
Nominal 500
Advertisement expenses expenses
12 F5 Payment
Cr. Cash Cash in
Real Goes out 500
hand
Cr. Cash Cash in
Real Goes out 800
hand
13 F9 Purchase
Dr. purchase Purchase
Real Comes in 800
Cr cash account
Dr. cash Cash in
Real Comes in 1,500
hand
14 F8 Sales
Cr. Sales Sales
Real Goes out 1,500
account
Dr. salary Indirect Debit all
Nominal 500
expense expenses
15 F5 Payment
Cr. Cash Cash in
Real Goes out 500
hand
To view- Gateway of tally-Accounts info-Ledger-Multiple ledger Alter-All items
(for ledger)
Gateway of tally-Display-Day book-Alt+F1 (to see detail) (Accounting
Voucher)
Inventory information
Alt+F3 Company creation-Maintain-Accounts with inventory

Gateway of Tally-Inventory information-Unit of measure
Gateway of tally –Inventory information-Godown
Gateway of tally-Inventory information-Stock group
Gateway of tally – Inventory information-Stock item
To View
Gateway of tally-Display-Day book-Alt+F2 (change period) Alt+F1 (to see detail) or
Gateway of tally-Stock summary
1. On 1-4-06 Raman commenced business with cash of Rs. 25,00,000. He further introduced
Land and Building costing Rs. 30,000, Plant and Machinery costing Rs. 25,000 and furniture
and fixture costing Rs. 36,000.
2. On 2-4-06 Purchased Vehicle and Patents Rs. 20,000 and Rs. 15,000.
3. On 5-4-06 He deposited Rs. 1, 00,000 into Canara Bank.
4. On 6-4-06 Purchased from Cadbury Company

500 5 Stars @ Rs. 5 1000 Cadbury @ Rs. 5
100 Kit kat @ Rs. 4 200 Dairy milk @ Rs. 7
5. On 10-4-06 Purchased from Paras

500 Moov @ Rs. 20
500 D’Clod @ Rs. 12
6. On 13-4-06 Sold to Pankaj

200 Moov @ Rs. 20.50
100 D’Clod @ Rs. 12.25
200 Adhensive tape roll @ Rs. 15.25
100 Band Aid box @ Rs. 252
200 Boric Acid powder @ Rs.14
7. On 15-4-06 Sold to Akbar

500 Cadbury @ Rs. 6
200 5 Star @ Rs.5.25
50 Kit Kat @ Rs. 6
8. On 16-4-06 Paid to Cadbury company Rs.
9. On 18-4-06 Received from Pankaj
10. On 20-4-06 Paid to Paras Rs.
11. On 25-4-06 Received from Akbar Rs.
12. On 26-4-06 Purchase from Well Cloth

T-Shirts Lee-25Pc-Rs.200
Nike-30Pc-Rs.300
Formal Shirts Pan America-35Pc-400
Peter England-30Pc-450
Jeans Pants Tiger-20Pc-500
Ruff and Tuff-30Pc-350
Cotton Pants Arrow-40Pc-200
Ex-Calibar-20Pc-250
13. Paid Postage Rs. 500 by cheque

14. Received commission Rs. 15,000
15. Paid wages Rs. 2,500
Procedure for Inventory Problem
Gateway of Tally-Inventory Info-Unit of Measure-Create-

Symbol- Nos. Pcs
Formal Name-Number Pieces
Gateway of Tally-Inventory Info-Stock Group-Create

Chocolate, Medicines, Cotton Pants, Jeans Pants, Formal Shirts, T-Shirts
Gateway of Tally-Inventory Info-Stock Item-Create
5 Stars
Kitkat Chocolate
Cadbury
Dairy milk
Moov
D’Clod
Adhensive tape rolls Medicines
Band Aid box
Boric Acid powder
Lee T-Shirts
Nike
Pan America Formal Shirts
Peter England
Tiger Jeans Pants

Ruff and Tuff
Arrow
Ex-Calibar Cotton Pants
Journalize the following Transactions using the debit and credit
given by the American accounts
1. Commenced business with cash 10,000

2. Deposited into bank 5,000
3. Purchased goods for cash 3,000
4. Sold goods for cash 2,500
5. Purchased goods from A on credit 4,000
6. Sold goods to B on credit 4,500
7. Withdraw from bank 3,000
8. Paid A on account 2,000
9. Received from B on account 2,500
10. Took loan from C 5,000
11. Gave loan to D 4,000
12. Paid salary 1,000
13. Cash withdraw from the business for personal use 200
14. Rent paid to E 1,000
Ledger Group
Capital Capital Account
Cash Cash in hand
Bank Bank account
Sales Sales account
A Sundry creditor
B Sundry debtor
C Sundry creditor
D Sundry debtor
Rent Indirect expenses
Rakesh and company
1. Started business with cash Rs. 2,000, Bank Rs. 20,000.

2. Issued cheque for goods purchased Rs. 1,000.
3. Bought goods for cash Rs.8,000.
4. Bought furniture from Anil for cash Rs.100.
5. Bought goods from harish Rs. 1,500.
6. Bought goods from chandan on credit Rs. 5,800.
7. Returned damaged goods to Chandan Rs.800.
8. Bought goods from Naveen and paid by cheque immediately
Rs.400.
9. Sold goods to Guptha Rs. 1,000.
10. Received a cheque from Guptha Rs.1,000 for goods sold.
11. Paid commission Rs.2,000.
12. Paid wages by cheque Rs.4,000.
13. Draw cheque for personal use Rs.4,000.
14. Draw cash for personal use from bank Rs.3,000.
15. Receive a cheque from Manju Rs.2,800.
16. Borrow loan from Anands Rs.1,000.
17. Paid Anands Loan with interest Rs.1,000.
Ledger Group
Bank Bank account
Anil Sundry Creditor
Chandan Sundry Creditor
Harish Sundry Creditor
Purchase return Purchase account
Naveen Sundry Creditor
Sales Sales account
Guptha Sundry debetor
Commission Indirect expenses
Wages Direct expenses
Manju Sundry Creditor
Anand Sundry Creditor
Haridas and company

1.Started business with cash Rs.10,000,furniture Rs.4,000 and machinery Rs.5,000.
2.Bought goods from Anil on credit Rs. 4,000 and for cash Rs.5,000.
3.Sold goods to Rajesh on credit Rs.5,000 and for cash Rs.3,000.
4. Bought goods from Arun Subject to trade discount of 2% of Rs.2,000.
5. Sold goods to Ramesh subject to trade discount of 5% of Rs.4,000.
6. Paid salary Rs.1,000, printing Rs.150 and wages rs.100.
7.Received rent Rs.500, commission Rs.400.
8. Received a cheque from Ganesh Rs.1,000.
Ledger Group
Machinery Fixed asset
Anil Sundry Creditor
Sales Sales account
Rajesh Sundry debtor
Arun Sundry creditor
Ramesh Sundry debtor
Printing Indirect expenses
Wages Direct expenses
Ganesh Sundry creditor
Trade discount Indirect expenses
Memorandum book
Particulars
1. Commenced business with cash Rs. 10,000.
2. Purchased goods for cash Rs.3,000.
3. Opened a bank account with Rs.2,000.
4. Purchased stationary Rs.1,00.
5. Purchased furniture Rs.1,000.
6. Sold goods to A Rs.2,000.
7. Purchased goods from B Rs.2,000.
8. Sold goods for cash Rs.1,000.
9. Paid for postage Rs.20.
10. Took loan from C Rs.1,500.
11. Paid rent Rs.300.
12. Withdraw from bank Rs.800.
13. Received from A on account Rs.500.
14. Paid commission by cheque Rs.200.
Ledger Group
Bank Bank account
Stationary Indirect expenses
Sales Sales account
A Sundry debtor
B Sundry Creditor
Potage Indirect expenses
C Sundry Creditor
Roa and company
Particulars Rs.
1. Bought goods for cash 2,500

2. Bought office furniture for cash 500
3. Paid for postage 10
4. Purchased goods from Rajkamal 2,000
5. Sold goods for cash 150
6. Bought goods from Rahim 400
7. Sold goods to Suresh 400
8. Sold goods to Nayak 250
9. Purchased goods for cash 400
10. Recevied cash from Nayak 200
11. Paid cash to Rahim 50
12. Returned goods to Ralkamal 200
13. Suresh returned goods 50
14. Paid salary 150
15. Sold goods for cash 500
16. Rao withdraw for his personel use 800
17. Paid for stationery 100
18. Paid rent 50
19. Received commission 225
Ledger Group
Postage Indirect expenses
Rajkamal Sundry Creditor
Sales Sales account
Rahim Sundry Creditor
Suresh Sundry Debtor
Nayak Sundry Debtor
Purchase returns Purchase account
Stationary Indirect expenses
Commission Indirect income
Posted by financeworld at 04:10

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541 comments:
1.
Deb6 April 2012 at 03:41
Well, P;z send me more transactions for practice in this E-mail ID:
debasish.0909@yahoo.in
Reply
2.
vijay25 April 2012 at 02:52
Thanks For Providing us,,

Please send me... Process How can be enter tha data of TDS.
Please provide me an example.
my mail id is vijayrathor01@gmail.com
Reply
3.
prabha mehra16 September 2012 at 00:39
plz send me more information about accounting...
Reply
4.
welcome 2 world of computers4 October 2012 at 06:26
very nice &very useful thankQ....
Reply
5.
pritam gurung17 December 2012 at 00:49
thanks.......
anyway send me more than this.
Reply
6.
Wasla Faizi24 February 2013 at 02:27
This comment has been removed by the author.
Reply
7.
Anonymous5 March 2013 at 06:09
THANKS........ IT'S VERY EASY TO UNDERSTAND........
Reply
8.
Aravapalli Mounisha13 March 2013 at 00:15

thank you...it is very helpful...
Reply
9.
Anonymous2 April 2013 at 01:45
Thank u very much..... :))
Reply
10.
Priya5 April 2013 at 00:33
thank u very much sir..........
Reply
Replies
1.
jejeswara reddy30 December 2013 at 04:33
more information basic accounting in tally
2.
GANGADHARARAO AKULA19 February 2014 at 21:39
THANKU FOR INFORMATION
3.
Daulatrao Gholkar31 July 2014 at 20:39
Thank you so much
Reply
11.
Pawan Soni12 April 2013 at 06:55
plz me sand this & thank u very much
Reply
12.
nitish kumar16 April 2013 at 16:52
Very helpfull notes m trying to improve my lackness somewhere in my concept
Reply
13.
KAVITHA10 May 2013 at 03:04
THANQ IT IS VERY USUFULL
Reply
14.
sachin bhati13 May 2013 at 04:44
Thanks Sir.............................
Reply
Replies
1.
mohd sadath Ali28 October 2013 at 00:50
I got more from this basic tips of accountancy. thank you tally
2.
daida kishore16 December 2014 at 01:00

thanks information very useful present situation
3.
Ramkishan kumhar2 February 2015 at 00:27
very short and usefully notes
4.
Sonal Parmar10 March 2015 at 04:53
i got deeply information about tally...so thankful to u..
Reply
15.
BHATI STON IND.20 May 2013 at 11:04
thanx it is very helpful
Reply
16.
GOPAL SINGH23 May 2013 at 04:39
thanks for this notes... if u don't mind can u plz provide me some more note on tally, my
mail id is gopalsinghbhavani@gmail.com
Reply
17.
elisha7 June 2013 at 22:01
Thank you very much sir, it is very helpful please can you send me more transactions for
practice in this E-mail ID: elisha_su@yahoo.com
Reply
18.
Anonymous21 June 2013 at 22:07
Really useful content. if you provide me reg payroll and tds it will be very useful please
send me to mail: tvs.mahdev@gmail.com.
Thank you very much for information
Reply
19.
Anonymous24 June 2013 at 04:19
thanks its very easy to understand ....................
Reply
20.
Anonymous9 July 2013 at 05:55
hello sir. i am very thankfull to u for this help.
Reply
21.
surendra singh bhati11 July 2013 at 01:08
thanks for help
Reply
22.
Barrack George29 July 2013 at 02:48
thanks you sir bt can u send this to my email b_mpenzi@yahoo.com
Reply
23.
Mahesh Terala30 July 2013 at 21:36
thank q use full information..
Reply
24.
uthaya1 August 2013 at 00:11
Thank u sir. Very helpfull notes
Reply
25.
Anonymous5 August 2013 at 06:26
thnaks a lot sir u r very noble and kind and this is very important topic shared by u thanks
again sir my id is :hardik09spy@gmail.com wil u sand me this and other advance tips fro
vat and payroll thas kind of u
Reply
26.
Thank you a lot sir . . i wish you all the best for your life . .
Reply
27.
lakshmiprasad13 August 2013 at 10:02
Thank you sir .
Reply
28.
Parshu Ram Chalise14 August 2013 at 00:48
Thank you sir for providing tally notes.....if u don't mind i want to get more information
about Payroll plz send me my e-mail addrs. chaliseparshuram@gmail.com
Reply
29.
Tulsi Ram Lamichhane14 August 2013 at 09:52
thank you very very much ..... it is very precious to me.
Reply
30.
Satish Kumar15 August 2013 at 05:11
Thank you very much sir. It is very helpful ........................
Reply
31.
Prachi Mishra17 August 2013 at 00:08
this is very easy to understand............... Thanks............... and want to get more

information about tally to other important steps..............................................please send
me more in this ID prachipretty258@gmail.com
Reply
Replies
1.
asif7 November 2013 at 23:33
CAN YOU SEND ME THE MORE INFORMATION ABOUT TALLY
2.
SAMBIT KUMAR Dang15 November 2013 at 07:11
Can you send me the practice set for Payroll and about taxation
My mail ID is sambitkumardangsam.22@gmail.com
3.
send me more information in tally
4.
Thank you sir...........................................
5.
Nitali Patil24 April 2015 at 21:56
this is very easy to understand............... Thanks.
Reply
32.
thank u so much
Reply
33.
RAMERO 6 TA
Reply
34.

Thanks u so much
Reply
35.
aox29 August 2013 at 01:29
NICE NOTE
Reply
36.
thank u so mach
Reply
37.
pragati katwe31 August 2013 at 02:40
Thanks a ton, content is to understand
Reply
38.
sathar ce2 September 2013 at 20:08
TANX IT IS VERY HELPFULL
Reply
39.
Anonymous5 September 2013 at 09:44
Good
Reply
40.
satya6 September 2013 at 23:17
nice job yar.....................
Reply
41.
GK Guru11 September 2013 at 22:44
plz give some example of journal entry ( suppose we purchase goods on cash)
Reply
42.
gautham tiwari14 September 2013 at 21:52
plesae show how to calculate c s t tax
Reply
43.
Seth Danks30 September 2013 at 22:01
Really amazing blog, I’d love to discover some extra information. www.free-credit-
report.net
Reply
44.
amit pandey1 October 2013 at 02:13
i lik notes
Reply
45.
Anonymous1 October 2013 at 21:07
thanku very much to provide these easy notes
Reply
46.
thanks for the Information very helpful.
Reply
47.
KRISH MBA ACS10 October 2013 at 04:27
thank u guys :) kudos :)
Reply
48.
sujatha12 October 2013 at 04:19
thanks for the information
Reply
49.
Thanx very Much
Reply
50.

thank u so much this helpd me alot
Reply
51.
reno yohannan17 October 2013 at 05:53
thanks for the information
Reply
52.
SHALINI GOUD T21 October 2013 at 23:33
thanks very much..............sir give example of account payable in tally
Reply
53.
bondugula ragava24 October 2013 at 21:20
Thank u very much very nice ful info
Reply
54.
bondugula ragava24 October 2013 at 21:59
Well, P;z send me more transactions for practice in this E-mail ID:seosrinu.b@gmail.com
Reply
55.
Vivek Kumar25 October 2013 at 06:21
thanq u so much for giving mee useful sugestion

Reply
56.
pradeep kumar25 October 2013 at 19:48
thank you very much
Reply
57.
thak you sooooooo much its easy to leron to tally accounting theory
Reply
58.
Tarsem singh7 November 2013 at 09:29
thanks
Reply
59.
venkat swamy11 November 2013 at 22:33
basic notes are very usefull as become an tally employe please send more information i
am doing software company as an accounting sir i want more information can u provided
me an my email . my email id is vswamy862@gmail.com
Reply
60.
Adaikala Praveen12 November 2013 at 20:44
I have got some thing but not clear can you make it clear
Reply
61.
SAMBIT KUMAR Dang15 November 2013 at 07:16
It is very nice & helpful to the students....... good work
Reply
62.
Shijin20 November 2013 at 05:16
Reply
63.
Shijin20 November 2013 at 05:19
Thank you so much for sharing such an useful info. If possible, can you please send me
some more information to my email id. My email id is shijink1983@gmail.com
Reply
64.
Baggiyaraj p25 November 2013 at 04:41
Thank u so much for giving me useful suggestion.
Reply
65.
Anonymous6 December 2013 at 05:38
very useful to me sir, can u send more advanced steps such as tds, service tax and income
tax to my mail id layal.shalini@yahoo.com
Reply
66.
Vinisha Shetty7 December 2013 at 00:35
thank u so much
Reply
67.
sonia10 December 2013 at 23:23
nice
Reply
Replies
1.
geetu10 December 2013 at 23:24
thanks
2.
jejeswara reddy18 May 2014 at 21:13
more in information in tally
Reply
68.
Anonymous18 December 2013 at 04:18
It is very nice. & it real help to us,
Reply
69.
Suresh N Gowda20 December 2013 at 23:38

Great work and useful
Reply
70.
Rafeeque Malik22 December 2013 at 02:41
good tally notes
Reply
71.
good information about under groups in tally
Reply
72.
Priya Honey7 January 2014 at 06:19
helpful notes
very easy to understand difficulties of tally
thank you
Reply
73.
Ajit jha21 January 2014 at 22:47
helpful instrument for accounting features.
Reply
74.
hemanth28 January 2014 at 22:32

thank you for these info....but i think we need a lot more info about vat,payroll and tds
transactions
Reply
Replies
1.
I Agree
Reply
75.
surendra chauhan30 January 2014 at 04:19
thanks for note sir , can available note for loan transaction pls..
Reply
76.
shivakumar9 February 2014 at 05:26
it's very good to us. It can reflux our mind and concentrates to the accounting formal. and
also tally it's to good to our knowledge to worked on that link ................
Reply
77.
Suresh Balakrishnan18 February 2014 at 04:05
Thanqqqqqqq for the Valuable Details.......
Reply
78.
GANGADHARARAO AKULA19 February 2014 at 21:40

THANKU FOR INFORMATION
Reply
79.
vasim22 February 2014 at 06:44
really nice example to be perfect in tally
Reply
80.
laxmi25 February 2014 at 00:35
Very Useful and easy method to understand
Reply
81.
Anonymous28 February 2014 at 00:57
please send me more transaction/solution for practise in this email Id

anithasshet612@gmail.com
Reply
82.
Gliter Jone28 February 2014 at 01:46
If you are a new net user afterward you need to visit constantly this web page and read
more the updated posts at same here. www.creditrepair.com
Reply
83.
Mahaboobali.P.H Mahaboob28 February 2014 at 20:33
thank you..it very useful for interview.

Reply
84.
Mounesh V28 February 2014 at 20:42
place could you make it payroll information it very impotent component in tally
Reply
85.
Kundan Mahto7 March 2014 at 22:12
good notes
Reply
86.
harsha acchu10 March 2014 at 22:12
Thank you.... Send more easy method
Reply
87.
Good Notes
Reply
88.
thanks boss..its very easy to learn this..
Reply
89.
Thank you Please send me more transaction related to Consultancy firm
Reply
90.
if cash is drawn from bank for personal use, then in which journal the entry is to be made
in tally? and what will be the entry?
Reply
91.
Ganesh24 March 2014 at 06:41
In this topic very interesting i am really enjoying
Reply
92.
Guttesh K24 March 2014 at 06:43
Excellent notes
Reply
93.
Bharamappa K24 March 2014 at 06:48
It is good and ambitious notes
Reply
94.
Laxmi Swami25 March 2014 at 23:59
Thanks sir......... note so Easy

Reply
95.
M MATHANMOHAN3 April 2014 at 21:25
very use full. Thanks
Reply
96.
kiran kumar8 April 2014 at 01:38
Hello Sir
Very Useful and easy method to understand Plz Send The Vat,Cst,Excise Duty Notes
Also With Practicals
Reply
97.
Runku Balakrishna8 April 2014 at 18:30
Thank you sir.......................
Reply
98.
Fakkiresh kotabagi10 April 2014 at 23:54
From this I learnt lot of terms in account which I am not surely learn in my college days.
Thanks a lot...
Can you improve the same in payroll.. please...
Reply
99.
ankit khandelwal15 April 2014 at 10:30

its a base of tally....realy useful
Reply
100.
kavya22 April 2014 at 07:51
It is very use full.Thank you so much.
Reply
101.
thanks for share this knowledge sir
Reply
102.
Anonymous10 May 2014 at 01:05
thanks a lot this information is very helpfull olz send more rule n regulation related with
tax n service tax plzzzz on this email add. dksen38@yahoo.com
Reply
103.
Mustfa Idrishi14 May 2014 at 22:26
hello sir i must say that, its awesome information ................... for all ....... sir but tell us
how to account manage of the construction company............????? this is my email add...
(idrishi.mustfa6@gmail.com)..... plzzzzzzzzzzzzzzzzzzzzzzzzzz sir i m waiting for your
reply... thanks a lot....???
Reply
104.
Karnan22 May 2014 at 04:49

thank u for your goood valuable information
Reply
105.
Bk Mahesh Mahi23 May 2014 at 04:22
very good knowldege share better than this way .........fredz if u have more ideal
knowledge or data pls forward this Email id: sathwara_mahesh@yahoo.co.in
Reply
106.
LOVITA24 May 2014 at 01:41
VERY GOOD WAY EXPLAINED...THANK ALOT
Reply
107.
saurabh goyal29 May 2014 at 02:52
Very Useful and easy method to understand
Reply
108.
diksha verma30 May 2014 at 01:24
thak you so much for posting
Reply
109.
Unknown5 June 2014 at 00:21
THANK YOU SO MUCH SIR

Reply
110.
Unknown5 June 2014 at 00:22
this is my mail Id rams.2121@gmail.com can u send sir
Reply
111.
Kabra Yogesh8 June 2014 at 22:16
Nice One..........Please send me more all over transaction Tally ERP-9 on

kabrayogesh99@gmail.com.............
Reply
112.
mahendra Rakesh19 June 2014 at 22:37
thanks sir.........................................
Reply
113.
jas27 June 2014 at 00:30
Thank You Sir Thank You Very Much
Reply
114.
Kadali Jyothi6 July 2014 at 23:36
Thank you so much sir
Reply
115.
Kadali Jyothi6 July 2014 at 23:38
Thank you so much sir
Reply
116.
sushanta swain18 July 2014 at 03:37
thank u
Reply
117.
ratnesh kumar19 July 2014 at 05:23
TANX IT IS VERY HELPFULL
Reply
118.
Anonymous24 July 2014 at 06:31
very very thanks friends
Reply
119.
tulasee g30 July 2014 at 23:12
Thank u very much
Reply
120.
ajay31 July 2014 at 04:27

Well, P;z send me more transactions for practice in this E-mail ID --
ajay_patel08@yahoo.com
Reply
121.
Debasisa Mishra4 August 2014 at 10:17
thanks sir
Reply
122.
jyoti soni8 August 2014 at 02:46
Thank you for sharing valuable information. Nice post. I am very impressed to read this
post. The whole blog is very nice I found some information here Thanks..Also visit my
site Contractor Accounting Intouch Accountants aims to provide an affordable, timely,
clear and concise accounting service for small and medium businesses, owner operated
businesses, rental property owners, societies and clubs, contractors and individuals.
Reply
123.
Very much informative and can understand very easily. Thanks a lot.
Reply
124.
Renka Surendar22 August 2014 at 03:07
very helpful, thank you very much
Reply
125.
THANK YOU SO MUCH
Reply
126.
Sachin Kumar25 August 2014 at 23:21
Thanks for sharing this with us, I completely agree with you....
Call for Inquiry at any time or Free Demo..
Mobile: +91-9799950666 /555/444
accounting software for small business | cooperative banking software | business

accounting software
Reply
127.
Thank sir , very useful Notes
Reply
128.
thank for basic information
Reply
129.
anu radha8 September 2014 at 22:17
plz tell me tally keys f1 to f12
Reply
130.
mohamed gani11 September 2014 at 09:17
thank you sir

please tell me tally key
Reply
131.
very usefull
Reply
132.
talaghat sati22 September 2014 at 00:32
Thanks For Providing us,,

Please send me... Process How can be enter tha data of Central excise duty & Cenvat
Entries
Please provide me an example.

my mail id is talaghatsati@gmail.com
Reply
133.
abid azmi25 September 2014 at 00:27
thanks very much sir
Reply
134.
arputharaj.p28 October 2014 at 03:16
thank you sir , very use full our life& very nise
Reply
135.
Salman Khan28 October 2014 at 03:51
thank you sir , very use full our life& very nise
Business Advisory Practitioner Programme

An initiative of the Institute of Chartered Accountants of India (ICAI) – the BAP
endeavors to expand the service portfolios and increase earnings of CAs.
Tally.ERP 9 - Auditors' Edition is a strong enabler for you to grow your practice under
the BAP Programme.
Reply
136.
Saksham Arya29 October 2014 at 22:43
woooooooooowwwwwwwww
Reply
137.
Anonymous19 November 2014 at 00:01
thank you
Reply
138.
ragu waran27 November 2014 at 05:27
Hi, Really very useful content. Thanks so much and more further information. Tally
Training
Reply
139.
Manish Choudhary1 December 2014 at 11:01
More accounting Notes on
Accounting Notes
Reply
140.
poonam17 December 2014 at 00:22
Thanks sir it's very useful in my work & knowledge
Reply
141.
poonam17 December 2014 at 00:24
sir please provide more accounting Notes I Needed.
Reply
142.
Pradeep Rawat11 January 2015 at 00:13
thanks so much it is very nice use full and Really i need this
Reply
143.
Gaazi Attari27 January 2015 at 04:24
THATS WHAT I CALLED HUMANITY HEADS OFF KEEP IT UP
Reply
144.
Sakthivel Sakthi30 January 2015 at 03:20
thanks....
Reply
145.
thanks so much it is very nice use full and Really i need this, please provide more
accounting Notes I Needed.
Reply
146.
Thanks sir it's very useful in my work & knowledge from Bangalore
Reply
147.
gowthama gowthama2 February 2015 at 00:41
thank u
Reply
148.
Ngawang Phuntsho5 February 2015 at 00:56
Helpful work for people like me who are just beginning to step into the world of Tally
Accounting. So i would be additionaly helped if you could kindly e-mail all the tally
beginners notes in j2thayee@gmail.com
Reply
149.
bhauso lohar23 February 2015 at 04:05
Many Many thanks for this notes because its most important for every student... ,and i
request to you please provide any more notes of accounting..
Reply
150.
Ashok Biradara24 February 2015 at 05:31
basic notes are very usefull as become an tally employe please send more information i
am doing mobile communication company as an accounting sir i want more information
can u provided me an my email ID.Ashokbiradara@gmail.com
Reply
151.
naresh gollapelli4 March 2015 at 02:37
thank u sir
Reply
152.
tshering choden12 March 2015 at 22:03
thanks....i want more note on tally like how to maintain company's book n all...so i would
be more thankful if you could send in this email ID:- chodent6@gmail.com
Reply
153.
manjula hoti3 April 2015 at 00:49
thank you sir dis wonderful guider to all
Reply
154.
Ridu Fatma7 April 2015 at 02:05
thanks for this notes because its most important for every student..........thanks
Reply
155.
Ridu Fatma7 April 2015 at 02:06
thanks for this notes because its most important for every student..........thanks
Reply
156.
Harr b12 April 2015 at 23:23
VERY USEFULL FOR EVERY TALLY LERNER
Reply
157.
amit garg18 April 2015 at 03:59
plz send me more about accounting in this email id - dinugarg786@gmail.com
Reply
158.
amit garg18 April 2015 at 04:03
plz send me more about accounting in this email id - dinugarg786@gmail.com
Reply
159.
Anonymous18 May 2015 at 23:01
thank u so much this type of qualitative notes is not given us in tally class also
Reply
160.
naresh gollapelli6 June 2015 at 00:32
thank you sir
Reply
161.
krishna jadhava5 July 2015 at 03:23
Very Very Thanks Sir
Reply
162.
Learn tally online9 July 2015 at 08:42
Thanks sir for nice guide!
Reply
163.
tanuj bhatt27 July 2015 at 02:53
thanks sir for guide
Reply
164.
gabber singh3 September 2015 at 00:24

any one tell me that how to make our company's member create data.whose i see the all
member details like pay advance balance,credit bal,and all
plz if any one know this inform me singhajaykumar364@gmail.com plzzzzzzzz im
waiting.@
Reply
165.
Raj Prem9 September 2015 at 22:19
thanks sir
Reply
166.
Kantu Koppad10 September 2015 at 22:21
Thank you madam is very use full to studding tally ERP.9 .
Reply
167.
Thank you ma'am
Reply
168.
K.SENTHILNAATHAA25 September 2015 at 03:32
How to PACKUP the Accounting Entry in THE TALLY ACCOUNT
pls reply your valuable reply to

lingabairaviksn@gmail.com
Reply
169.
Tally Training1 October 2015 at 01:59
This is really useful to every one who are interested to learn Tally ERP 9. Great Help to
all and me
Reply
170.
Tally solutions11 October 2015 at 01:02
It is good and ambitious notes
Reply
171.
Narsimha bandigari15 November 2015 at 09:24
thanq
better use every one
Reply
172.
Hugar Muttu26 November 2015 at 04:01
nice notes
Reply
173.
Unknown29 November 2015 at 02:08
Thanks a lot..
Reply
174.
shameer babu29 November 2015 at 02:11

Thanks a lot..
Reply
175.
shameer babu29 November 2015 at 02:12
Thanks, it very useful .
Reply
176.
Lalaram Dogiyal6 December 2015 at 06:04
very good
Reply
177.
Tally Training10 December 2015 at 23:46
Great! Thanks for sharing the information. That is very helpful for increasing my
knowledge in this filed.
Reply
178.
Man Singh12 December 2015 at 01:09
Reply
179.
Unknown15 December 2015 at 22:11

Reply
180.
vanitha patil15 December 2015 at 22:14
Thankyou very much Sir...
Reply
181.
RISHU RAJ22 December 2015 at 03:14
how to check that my entries is wright?
Reply
182.
Unknown27 December 2015 at 07:09
Hiiiii.
Good notes & information.
lot of thanks ......................
Reply
183.
Pritesh dsouza2 January 2016 at 07:59
sir can I get the notes of tally of receipt and payment and ledger will you plz mail the
notes priteshdsouza1997@gmail.com
Reply
184.
prabhanjan sahu13 January 2016 at 08:24
this is good notes sir. please add some vat and tds tenter example
Reply
185.
Unknown21 January 2016 at 06:54
Reply
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 Basic Accounting
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Tally Notes

Basic concept of accounting Accounting: It is an art of recording, classifying and

 Tally Shortcut Key's

Function Key Combination Windows Functionality Availability F1 To select a company

Basic Accounting For Tally

 Export Formats Available In Tally.Erp9

 Tally Erp.9 Back up of data

TDS (Tax Deducted at Source) - Tally.ERP 9

 Import Masters (how To import Data In Tally)

 Schedule-VI Balance Sheet

Schedule-VI Balance Sheet provides the representation of company's financial position at

Saturday, 18 June 2011

Basic concept of accounting

Purchase: A purchase means goods purchased by a businessman from suppliers.

Sales: Sales is goods sold by a businessman to his customers.

Capital: Capital is the amount invested for starting a business by a person.

Debtors: Debtor is the person who owes amounts to the businessman.

Credit: The giving aspect of a transaction is called credit or Cr.

Ledger: The book of final entry where accounts lie.

Journal entries: A daily record of transaction.

Profit: Excess of credit side over debit side.

Principles: Debit the receiver

Principles: Debit what comes in

Principles: Debit all expense/losses

Procedure for creating company in Tally

Double click on Tally icon on desktop. Alt+F3 Company info-Create company.

Select Company: We can choose the company which is already created.

Quit: Exits from Tally. 1. Click on quit button.

Short cut keys

Alt+F3 Company information menu

Enter To accept information typed into a field.

Esc To remove what has been typed into a field.

To indicate you do not want to accept a voucher or master.

It quits the screen without making any changed to it.

Alt+C To create a master at a voucher screen.

Alt+D To delete a voucher.

Alt+F2 Change period

Alt+F1 To see detail

F11 Features company

F12 Configuration options are applicable to all the companies in a data

Ctrl+N Calculator screen.

Ctrl+V Voucher mode (Cr. Dr)

Sundry debtors: The person who is the receiver or customer

Sundry creditors: The person who gives or supplier.

Expenses Outstanding or Unpaid expenses or Expenses due:

Income received in advance or Income received but not earned

Income outstanding or income earned but not received or Income accrued

Gateway of Tally-Accounts info-ledger-create

Dr. Receiving aspect Giving aspect

Balance sheet: Actual financial position

Liabilities Amount Assets Amount

Alt+F3 Company Creation

F4 Contra: Records funds transfer between cash and bank accounts.

1. Commenced business with cash Rs.10, 000.

Gateway of tally-Account info-Ledger-Create

Alt+F3 Company creation-Maintain-Accounts with inventory

3. On 5-4-06 He deposited Rs. 1, 00,000 into Canara Bank.

4. On 6-4-06 Purchased from Cadbury Company

5. On 10-4-06 Purchased from Paras

6. On 13-4-06 Sold to Pankaj

7. On 15-4-06 Sold to Akbar

8. On 16-4-06 Paid to Cadbury company Rs.

9. On 18-4-06 Received from Pankaj