Tally Accounting Operations

It will be shown in journal voucher. In journal voucher, we show all transactions not concerned with cash; and charging of depreciation on loose tools of Rs. 2,000 is a transaction in which neither cash comes in nor cash goes out of the firm.

We have to press Ctrl + V to create Sales invoice when Sales Entry Screen is opened.

On pressing the Page Up button to get the previous voucher, the previous voucher will appear. For instance, if we have to get the voucher Contra, which is before Debit Note Voucher, we have to press the Page Up button.

We have to press Alt + R, to recall the last narration saved for the first ledger in the voucher irrespective of the voucher type.

It will be shown in Contra voucher as withdrawing of Rs. 5,000 by cheque from Andhra Bank as transfer of money from bank to the firm or business and such entries are shown in contra voucher. It is immaterial whether we use that money for our personal use or any other use.

We must press Alt + 2. To create the voucher of the same type means creation of a duplicate voucher. For duplicating a voucher that is creating the voucher of the same type, we must press Alt + 2.

We have to press Alt + D to delete the company when the company alteration screen is opened. Press F3 for the company information. We have to select alter, then the name of the company then press Alt + D, if we want to delete. A confirmation for deletion is asked, Yes or No is asked. Press Y, if we want to delete.

As Voucher is double underlined button, it is the function key with double underlined letter.

This is the correct procedure to get to the Physical Stock Voucher screen. First go to Gateway of Tally, select Inventory voucher and click on F10. Physical Stock Voucher screen will appear.

This is the correct procedure to get to the reversing journal voucher screen. First, go to Gateway of Tally and select Accounting Voucher. Then, click F10 whereupon the reversing journal screen will appear.

It is Alt + C.
Suppose we have to create a new item, say Milk and for this unit of measurement, i.e. litre does not exist. Then, we have to press Alt + C to create the unit of measurement of the item.

F11 is the button that never appears for two times at Gateway of Tally. It always appears one time only. F11 is the button for selecting company features that is Inventory, Accounting and Statutory and Taxation features.

It is Rs. 500.
100 shirts are purchased @ Rs. 250 per shirt. Hence, total purchase value is 100 X 250 = Rs. 25,000.
VAT charged on it is 4%. Hence, input VAT is 4/100 X 25,000 = Rs. 1,000.
100 shirts are sold at Rs. 300 per shirt. Hence, total sales value is 100 X 300 = Rs. 30,000.
VAT charged on it is 5%. Hence, output VAT is 5/100 X 30,000 = Rs. 1,500.
Hence, difference in output and input VAT is Rs. 1,500 - Rs. 1,000 = Rs. 500.

This is the correct procedure. First of all click F11. Set yes at allow multi currency under Accounting Features. Then go to Gateway of Tally > Accounts Info > Currencies > Creation. Then, create currency Japan Yen.