PCTI Limited - A Unique Name for Quality Education

TALLY LAB QUESTIONS

Q1: Design ledgers under suitable group for:
- Salary
- Traveling expenses to staff
- Traveling expenses to officers
- Conveyance expenses
- Loan payment
- Loan recoveries
- Advance payments
- Advance recoveries
- Other payments
- Other receipts
[Hint: gateway of tally
account information

ledgers ]

Q2: create a company in tally and also use the security control option
[Hint: Alt+f3
create company]

Q3: Import all the ledgers from an existing company to a new company.
[Hint: from the existing co. give the export command and in the new company go to
gateway of tally
import masters]

Q4: What is the difference in the ACOUNTS ONLY & ACCOUNTS WITH
INVENTORY options while creating the company?

Q5: prepare a purchase book for the following transactions:

Feb1 purchased from m/s brown & co. on credit
5 gross pencils @ Rs.100 per gross
12 dozens registers @ Rs.200 per dozen
Less :trade discount @ 10%
Feb2 purchased for cash from the stationary mart
10 dozens exercise book @ Rs.60 per dozen
Feb4 purchased typewriter for office use from
M/s office goods & co. on credit for Rs. 800
Feb7 purchased on credit from the paper & co.
5 reams of white paper @rs.100 per ream
10 reams of ruled paper @ Rs 65 per ream
Less : trade discount @ 10%
Feb11 purchased 12 pieces of ink pots @10 each from m/s verma bros on credit

PCTI Limited - A Unique Name for Quality Education

PCTI Limited - A Unique Name for Quality Education

[Hint: use inventory option while creating the company
also remember only credit term of transactions which is meant for goods is to be entered
in the purchase book
Answer: Rs. 3765]

Q6: make necessary operation on tally to record the tabulated transactions in the book of
Ramesh & co.
DATE
PARTICULARS
07-04-2006
Salary paid by cash RS. 1000
08-04-2006
Purchased of goods from ram & co for rs. 3000
09-04-2006
Cash deposit in bank rs.5000
12-04-2006
Purchased of machinery from shyam for rs.3500 in cash
12-04-2006
Cash sales for rs. 1000
14-04-2006
Paid for wages by cash rs 500 to his employees
16-04-2006
Sold goods to shyam & co. on credit for rs 2000
17-04-2006
Shyam paid rs 1900 in full settlement
19-04-2006
Commission received rs.350
21-04-2006
Paid for stationary rs.500
21-04-2006
Paid for general expenses rs 1000
23-04-2006
Paid rent by Cheque rs 800
24-04-2006
Withdrawal from bank for private use rs.2000
27-04-2006
Paid for carriage inward rs.800
30-04-2006
Paid for the office expenses
[Hint: create company
create ledgers
voucher entries]

Q 7: use appropriate functions in tally to use the following transaction:

Particulars
Capital
P&l
A
Car loan
Bank OD

Amount
100000
100000
50000
100000
200000

550000

Particulars
Infrastructure
Car
B
C
Cash
Bank
Stock
Cpu (5)
60000
Monitor (5) 30000
Key (5)
3750
Mouse (5)
1250

Amount
300000
100000
25000
15000
10000
5000
95000

550000

PCTI Limited - A Unique Name for Quality Education

PCTI Limited - A Unique Name for Quality Education

A)
B)
C)
D)
E)
F)
G)

Realization of debtor B for Rs 10000 by cheque

Payment to creditor A rs 10000 by cash
Purchase of 2 cpu, 4 monitors from A by credit
Sale of 4 computer to C by cash @ Rs 21000 per unit
Repayment of car loan Rs 50000 by cash
Deposit of cash Rs 30000 into bank
bank overdraft repaid by cheque at Rs.25000

[Hint: create company
create ledgers
voucher entries

Use accounts with inventory option while creating the company

Use proper voucher type for purchase and sale

Insert the balance amount given in the above balance sheet while creating ledgers as
the opening balance for the respective ledgers accounts.]

Q8: Use backup option in tally to store the file in floppy

Q9: Split an existing company into two different companies having different financial
period.
Q10: create new groups for the sale return, drawing, and purchase return under proper
heads.

PCTI Limited - A Unique Name for Quality Education