Tally (BCA 2ND SEMESTER ) PDF

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Mechi Multiple CampusTribhuvan University Bhadrapur, Jhapa, NepalLab Report of Financial Accounting (CAAC-152) Faculty of Humanities and Social Sciences Tribhuvan University Kritipur, NepalSubmitted By Name: - Tirtha Bahadur Rajbanshi Roll no: - 66 Submitted To Mechi Multiple Campus Department of Ba...

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Mechi Multiple Campus Tribhuvan University Bhadrapur, Jhapa, Nepal

Lab Report of Financial Accounting (CAAC-152) Faculty of Humanities and Social Sciences Tribhuvan University Kritipur, Nepal

Submitted By Name: - Tirtha Bahadur Rajbanshi Roll no: - 66 Submitted To Mechi Multiple Campus Department of Bachelor in Computer Applications Bhadrapur, Jhapa, Nepal

Signature:-

Internal Examiner

External Examiner

DECLARATION I hereby declare that the project work entitled “Tally” is a general concept of accounting, original work done by me, and this project work is submitted in the requirements for the award of the degree of Bachelor Second Semester. The results enrolled in the report have not been submitted to any other university or institute for the award of degree of BCA.

Tirtha Bahadur Rajbanshi BCA Second Semester Roll no:- 66

PREFACE The Lab report of BCA 2nd semester is the implementation of theoretical and practical knowledge of various topics of Accounting on software i.e. ‘TALLY’. This project is especially designed to familiarize, develop and enhance the knowledge of students in accounting software like ‘TALLY’. This lab report is assigned to students as they lag behind in fair result processing and to solve the current problem of various academic institutions. The report is made by using Tally, MS Office Tools and also using my own related knowledge which I gained from the theory and practical classes of ‘FINANCIAL ACCOUNTING’. This Lab report is made to obtain the information about various uses of accounting software tools. The main objective of this report is to make BCA students capable of using accounting software's and perform related problems in a systematic way. The report includes all features of lab practicals which is essential in enhancing the skill of students for the fruitful career ahead in future. Finally, I welcome valuable and constructive suggestions and comments from all the readers on any aspects of this for improving my logic.

ACKNOWLEDGEMENT This lab report is especially assigned by the academic institution to the students of BCA 2nd semester for the partial fulfillment of the course and designed for the systematic and accurate use of accounting software i.e. ‘TALLY’. For successful completion of this lab report there are various hands to help me out to whom I am greatly thankful. I would like to thank BCA director Mr. Krishna Prasad Acharya sir who granted our project work by understanding the needs of students. I am highly indebted to my subject teacher Mr. Kedar Mishra sir for his guidance and constant supervision as well as for providing necessary information regarding the project & also for the support in completing the lab report. Similarly, I am thankful to the institution and faculty management for providing essential resources and remarkable support in this report. Lastly, I would express heartfelt gratitude to the TU board for innovation of such a wonderful course structure which can surely help to enhance the skill and career of student’s ahead in future.

Table of Contents Introduction to Tally...........................................................................................................1 Creation of Company.........................................................................................................3 Ledger.................................................................................................................................4 Creation of Ledger.........................................................................................................4 List of Ledger.................................................................................................................5 Posting into the Journals.....................................................................................................6 Receipts..........................................................................................................................6 Payments........................................................................................................................7 Contra.............................................................................................................................8 Purchase.........................................................................................................................9 Sales.............................................................................................................................10 Trial balance.....................................................................................................................11 Profit and loss account.....................................................................................................12 Balance sheet....................................................................................................................13

Introduction to Tally

Tally is powerful accounting software, which is driven by a technology called concurrent multi-lingual accelerated technology engine. It is easy to use software and is designed to simply complex day to day activities associated in an enterprise. Tally provides comprehensive solution around accounting principles, inventory and data integrity. Tally also has feature encompassing global business. Tally software comes with easy to use interface thus making it operationally simple. Tally

accounting

software

provides

a

solution

around

inventory

management, stock management, invoicing, purchase order management, discounting, stock valuation methodology, etc. Tally accounting software also comes with drill down options, which can track every detail of transaction. It helps in maintaining simple classification of accounts, general ledger, accounts receivable and payable, bank reconciliation, etc. 1. Getting started with tally: • Install Tally ERP 9 properly on your computer. • Click on icon and open it.

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2. Creating a company in Tally. ERP 9: • Go to Gateway of Tally • In Company info we can see Create Company • Select it, Company creation window will appear. • At last the message Accept ? Yes/ No will Displayed . • Press Enter or Y to save the details 3.Creating accounting Ledgers: • Go to gateway of tally • Selects Account Info and Click on Create • Enter name of account and fill other data. 4.Voucher Entry: In accounting terms, a voucher is a document containing the details of a financial transaction. For example, a purchase invoice, a sales receipt, a petty cash docket, a bank interest statement and so on. For every such transaction made, a voucher is used to enter details into the ledger to update the financial position of the company. Contra Voucher: A Contra Entry is an entry in a business books of accounts, indicating transfer of funds from: • Cash account to bank account • Bank account to cash account • One bank account to another bank account • Go to Gateway of Tally > Accounting Vouchers> F4: Contra

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Creation of Company Name=ABC Company Mailing Address=Biratnagar, Nepal Contact No=023-456587 [email protected]

3

Ledger Creation of Ledger

4

List of Ledger

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Posting into the Journals Receipts  Commission of Rs. 1000 received in Axis Bank.

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Payments Rent of Rs 1000 paid to owner of the house.

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Contra

Cash of Rs 1000 deposited into the bank.

8

Purchase Goods costing Rs 10,000 purchased from Supplier A.

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Sales Goods costing Rs. Sold in cash.

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Trial balance Showing the transaction into the trial balance.

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Profit and loss account Showing the transaction into the profit and loss account.

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Balance sheet Showing the transaction into the balance sheet.

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