The company details are as follows

i. Name- AAAAA
ii. Address: Your Address, Your Phone & Mobile No., Your Email ID
iii. Currency Symbol: Rs.
Enter the following transactions of the Company in Tally and show various reports
 All purchase and sales transactions of goods, Payment to creditors, and receipt from debtors are
done through State Bank of India
 Any other payment and receipt is done through Punjab National Bank or cash

Balance Sheet as at 31-3-2017

Liabilities Amount Assets Amount
Capital 180000 Land and Buildings 130000
Reserves 50000 Plant and Machinery 50000
Profit and Loss Account 30000 Furniture 30000
Secured loan 50000 Investment 8000
Debentures 100000 Stock 172980
Loan from Promoters 50000 Debtors 26200
Provision for tax 25000 Bills Receivables 5000
Bills Payable 10000 Punjab National Bank 80000
Sundry Creditors 22460 State Bank of India 22000
Salaries outstanding 3500 Cash in Hand 2000
Rent outstanding 6000 Prepaid insurance 780
526960 526960

The company deals in the following stocks:

Name of the Items Group Quantity Rate (Rs) Opening Stock Value

Reynolds Pen 100 pcs. 65 6500

Parker Pen 125 pcs. 100 12500
Pilot Pen 108 pcs. 60 6480
Camel Geometry 400 pcs. 157.5 63000
Classmate Geometry 100 pcs. 220 22000

Apsara Geometry 500 pcs. 125 62500

Total 172980

 The list of company debtors and creditors is as follows:

Debtors Balance Due Creditors Balance payable
Pranika 4500 Anmol 2500
Vartika 8900 Harshit 3050
Vansh 5200 Mohit 6750
Rohit 3000 Raghav 4260
Ritik 4600 Siddharth 5900
Total 26200 Total 22460
Record the following transactions that took place during the April to September 2017.

S.No. Transaction Item Quantity Amount

1 Purchase from Anmol Reynolds Pen 20 700
2 Sale to Vartika Parker Pen 125 24000
3 Sale to Rohit Camel Geometry 100 25000
4 Paid money to Anmol in full settlement for 680
the transaction at sr. no. 1 above
5 Received from Vartika and Rohit Rs 23500
each in full settlement for their current
transaction at sr. no. 2 & 3 above
6 Paid to Mohit 1000
7 Purchase from Harshit Parker Pen 15 1600
8 Purchase from Mohit Reynolds Pen 18 2000
9 Sale to Pranika (Trade discount 10% on list Pilot Pen 100 Pens. List Price
price) Rs. 150/- each
10 Purchased furniture 2500
11 Paid insurance Premium 1560
12 Purchased Land and Building from XY Ltd for Rs. 1,00,000. to pay this the company
borrowed from bank a loan of Rs. 40,000 and issued fully paid debenture of Rs. 60,000 to
XY Ltd.
13 Sold all the investment 20,000
14 Paid
1. Outstanding Salaries 2000
2. Electricity 1000
3. Telephone 500
4. Current Salaries 5000
5. Rent (including outstanding) =1000+6000 7000
6. Tax of last year 23000
15 Outstanding
1. Total Salaries 5000
2. Total Provision for Tax 24000
3. Total rent outstanding 5000
1. Charge Depreciation for the period 1/4/2017 to 30/9/2017 on furniture @20% p.a. and Machinery
@ 10% p.a.
You are required to:-
1. Create a company as per details given above
2. Create appropriate groups and Ledger Accounts.
3. Enter the transactions as given selecting appropriate voucher type.
4. Display the following statements
a. Trial Balance as on 30/9/2017
b. Profit and Loss Account as on 30/9/2017
c. Balance Sheet as on 30/9/2017
d. Cash Book
e. Ratio Analysis
First Step: Create Company
Next Step: Create Opening Balance Sheet.

How?
Go to Gateway of Tally
Select Accounts Info
Select Ledgers
Select Create under Multiple Ledgers
Type All items when Tally is asking you to select the option Under Group and put all the items here.
Note: 1. Do not create Cash and Profit and Loss ledger as it is already prepared by Tally ERP 9.0.
2 Do not enter the amount of Stock, Debtors and Creditors.
Put the amount of Cash and Profit and Loss account by clicking on Alter under Single Ledger in Ledgers.
Click on Cash
Put the cash under Cash in hand Group and put the amount in the opening balance option.
After accepting it, click on Profit and Loss A/c and put the amount under Opening Balance Option.
Next Step: Enter Stock items in Tally.
How?
Go to Gateway of Tally and select Inventory Info
First of all select Stock Groups

Select Create under Single Stock Group

Type Pen in Name and press enter for moving ahead and finally accept it.
Type Geometry in Name and press enter for moving ahead and finally accept it.
Now go back to Inventory info screen and select Unit of Measure option for giving the name of the unit.
Click on Create and type No. in symbol and type Number in the formal name and finally accept it.
Go back to Inventory info and select Stock Items for adding the stock items from the stock table given in the question.
Click on Create under Multiple Stock Items for entering the items.
Select All items when asked to select the option to fill in Under Group and record all the items of the stock table according to its group.
After entering all the items of the stock table, finally Accept it.
Next Step: Enter Debtors and Creditors from the last table given in the question.

HOW?
Go back to Accounts Info and select Ledgers. Now select Create from Multiple Ledgers for entering the debtors and creditors.
Select All items when asked to put which item in Under Group and put the Debtors and Creditors according to their group
Finally Accept it after entering all the items of the Debtors and Creditors from the table.
Go back to Gateway of Tally and Select Balance Sheet option to see the opening balance sheet.
Press (Alt +F1) or select Detailed to see the full balance sheet.
Now we will put the journal entries in the tally.
How?
Go back to Gateway of Tally and select Accounting Vouchers from Transactions heading.
1 Purchase from Anmol Reynolds Pen 20 700

Press (F9) or click on Purchase for entering the purchase entry. Do not enter anything in Supplier invoice no and Date.

9
Enter Party A/c Name (Anmol) and create a purchase ledger by pressing (Alt + C) in the purchase ledger option.
Enter the name of the item (Reynold) and accept it.
2 Sale to Vartika Parker Pen 125 24000

Press F8 or click on Sales voucher for recording the sales transaction.

Skip reference no and add party’s name (Vartika) and create Sales ledger by pressing (Alt+c) in the Sales Ledger option.
Put the quantity and amount in the option and accept it after entering the details.
3 Sale to Rohit Camel Geometry 100 25000

Enter the details under Sales voucher.

4 Paid money to Anmol in full settlement for the transaction at sr. no. 1 above 680
Press F5 or click on Payment voucher and enter name of Party to who the payment has been made (Anmol) and enter the amount (700).
After entering the amount the next option will appear of bill wise detail. Select On Account option in Bill wise detail and if it is not working then select New Ref.
After pressing enter in the Cr option, Press (Alt + C) for creating the discount received ledger.
Put SBI in the credit side and accept it.
5 Received from Vartika and Rohit Rs 23500 each in full settlement for their current transaction at sr. no. 2 & 3 above

Press F6 or click Receipt for entering the Receipt entry.

Note: In this entry, Cr will be given in the particulars so be aware and put the name of the party from whom the amount has been received.
Now press (Alt +C) to create Discount allowed ledger first.
Now press (Alt + C) for creating the Discount Received Ledger for entering the discount received entry.
Enter the amount and accept it.
Same entry for Rohit also.
6 Paid to Mohit 1000
Click on Payment option or press F5 for recording the payment transaction.
7 Purchase from Harshit Parker Pen 15 1600
Press F9 or click Purchase for entering the purchase transaction.
8 Purchase from Mohit Reynolds Pen 18 2000
Press F9 or click Purchase for entering the purchase transaction.
9 Sale to Pranika (Trade discount 10% on list price) Pilot Pen 100 Pens. List Price Rs. 150/- each
Press F8 or click Sales for entering the purchase transaction. Note:- How to enable Trade discount option?

Press F11 or Click Features and now click F2 and change the option (Use separate discount column in invoices) from No to Yes.

Now record the entry and accept it.

10 Purchased furniture 2500
Press F5 or click on Payment option for entering the transaction.
11 Paid insurance Premium 1560
Click on Payment or press F5 for entering the transaction. Create Insurance premium Ledger first by pressing (Alt+C).
Now record the entry and accept it.
12 Purchased Land and Building from XY Ltd for Rs. 1,00,000. to pay this the company borrowed from bank a loan of Rs. 40,000 and issued fully
paid debenture of Rs. 60,000 to XY Ltd.
Click on Journal or press F7 for recording this transaction.
After entering land and building amount in the debit side, create Bank Loan ledger in the credit side entry by pressing (Alt + C).
After entering the amount, accept it. Note: XY ltd ledger can be created, but account will be credited by Debentures a/c.
13 Sold all the investment 20,000
Click Receipt or Press F6 for recording the transaction. Note:- In this entry, Cr will be given in the particulars so be aware and put the name of the party from whom the amount has been received.

Enter the amount of investment in the credit side (8000) and create Profit on sale of investment ledger in the 2nd entry. (Note- Change dr to Cr in the starting)
Record the entry and accept it.
14 Paid
1. Outstanding Salaries 2000
2. Electricity 1000
3. Telephone 500
4. Current Salaries 5000
5. Rent (including outstanding) =1000+6000 7000
6. Tax of last year 23000

Click on Payment or press F5 for recording the transaction and if any ledger is still not there then create it by pressing (Alt +C).
Telephone Ledger creation
Salary ledger creation

Rent ledger creation

Tax ledger creation
Finally credit it with Punjab National Bank and accept it.

15 Outstanding
1. Total Salaries 5000
Click Journal or F7for entering the transaction.

15 Outstanding
1. Total Provision for Tax 24000
Voucher entry for charging tax from provision for tax.

Making entry for provison for tax of this year.

15 Outstanding
1. Total rent outstanding 5000

Charge depreciation on furniture (20%) & plant and machinery (10%) for 6 months.
Create Depreciation on Furniture ledger first by pressing (Alt +C).

Charge depreciation for 6 months for both the furnitures.

Now create Depreciation on Machinery ledger first for recording depreciation entry.
Charge depreciation and accept it.
After entering all the transactions, go to Gateway of tally to see the balance sheet.
Profit and loss Account
Thank You