Ledger Creation

Ledger Creation : (Lab 1 )

1.Create the following Ledgers with out Opening Balance :- Salary Expenses,Reshma & Co (Supplier Name ),Wages

Steps :

1.Create a new company named goldenjrs & co as per the following company details

Name : Goldenjrs & Co

Maintain : Accounts Only

Statutory Complaince For : India

State : Tamilnadu

Financial Year From : 1-4-2010

Book Beginning From :1-4-2010

2.After Company Creation > In GateWay of Tally > Go Accounts Info (Under Master) > Ledgers > Single : Create >


3.Press F12 >

Allow Aliases along with names > No

Allow Advanced entries in Master > No

4.Press CTRL + A to Accept Ledger Configuration Window

5.

Name : Salary Expenses (Type the ledger Name in Name Field & Press Enter)

Under : Indirect Expenses(Type it > Indir & Press Downarrow & Select suitable Group in Under Field & Press Enter)

Opening Balance (On 1-Apr-10) : (Press Enter Twice (Accept:Yes))

6.Create the Next Ledger same As Above....

Name : Reshma & Co

Under : Sundry Creditor(Type it > Sun & Press Downarrow & Select suitable Group in Under Field & Press Enter)

Maintain Balance Bill By Bill : No ( Press N in this Field & Press Enter)

Opening Balance (On 1-Apr-10) : (Press Enter Twice (Accept:Yes))

7.Press CTRL + Q or Escape to View Gateway of Tally9

2.Create the following Ledgers with Opening Balance :-

i)Bank Charges - Rs.120 ii)Advertising Expenses : Rs.500 iii)Building Cost : Rs.75000 iv)Opening Stock - Rs.12000

Steps :

1.In GateWay of Tally > Go Accounts Info (Under Master) > Ledgers > Single : Create >

2.

Name : Bank Charges

Under : Indirect Expenses

Opening Balance (On 1-Apr-10) : 120

3. ( Press CTRL + A to Accept or Press Enter Twice)


4.

Name : Advertising Expenses

Under : Indirect Expenses

Opening Balance (On 1-Apr-10) : 500

4.(Press CTRL + A to Accept or Press Enter Twice)

5.

Name : Building Cost

Under : Fixed Asset

Opening Balance (On 1-Apr-10) : 75000

6.(Press CTRL + A to Accept or Press Enter Twice)

7.

Name : Opening Stock

Under : Stock in Hand

Opening Balance (On 1-Apr-10) : 12000

8.(Press CTRL + A to Accept or Press Enter Twice)

3.Create the following Ledgers with Opening Balance using Multiple Mode (Note : Multiple Ledgers in Same Group )

i)Furniture ii)Electrical Fittings iii)Computer iv)Printer v)Staff Quarters v)Bike

Steps :

1.In GateWay of Tally > Go Accounts Info (Under Master) > Ledgers > Multiple : Create >

2.

Under Group : Fixed Assets (Select it)

---

S.No	Name of Ledger	Under	Opening Balance :
1.	Furniture (Enter Twice)	Fixed Assets
2.	Electrical Fittings (Enter Twice)	Fixed Assets
3.	Computer (Enter Twice)	Fixed Assets
4.	Printer (Enter Twice)	Fixed Assets
5.	Staff Quarters (Enter Twice)	Fixed Assets
6.	Bike(Enter Twice)	Fixed Assets

3. ( Press CTRL + A to Accept or Press Enter Twice)

4.Create the following Party Ledgers with Opening Balance

i)
Party Name: Muthu Traders Type of Party: Customer - Sundry Debtor Balance: 10000 Dr

Bill Details of 10000

Bill No : 1001 Date:1-Mar-10 Amount : 5000

Bill No : 1002 Date:1-Mar-10 Amount : 5000


ii )
Party Name: Ramani Traders Type of Party: Supplier - Sundry Creditor Balance: 25000 Dr

Bill Details of 25000

Bill No : R001 Date:2-Mar-10 Amount : 15000

Bill No : R002 Date:1-Mar-10 Amount : 5000

On Account : 5000 ( Bill Not Received)

Steps :

1.In GateWay of Tally > Go Accounts Info (Under Master) > Ledgers > Single : Create >

2.Verify it : Press F11 >Press F1 for Accounting Features> Maintain Billwise Details : Yes...

3.Press CTRL + A

4.

Name : Muthu Traders

Under : Sundry Debtor

Maintain Balance Bill by bill : Yes

Default Credit Period : (Just Press Enter)

Opening Balance (On 1-Apr-10) : 10000 Dr.

Date	Name	Due Date	Amount	Dr/Cr
-----------------------------------------------------------------------------------------------
1/3/2010	1001	1-Mar-10 (Just Press Enter)	5000	Dr
1/3/2010	1002	1-Mar-10 (Just Press Enter)	5000	Dr
(Just Press Enter)

5. ( Press CTRL + A to Accept or Press Enter Twice)



6.

Name : Ramani Traders

Under : Sundry Creditor

Maintain Balance Bill by bill : Yes

Default Credit Period : (Just Press Enter)

Opening Balance (On 1-Apr-10) : 10000 Cr.

Date	Name	Due Date	Amount	Dr/Cr
-----------------------------------------------------------------------------------------------
1/3/2010	R001	1-Mar-10 (Just Press Enter)	15000	Cr
1/3/2010	R002	1-Mar-10 (Just Press Enter)	5000	Cr
(Just Press Enter)

7. ( Press CTRL + A to Accept or Press Enter Twice)

6.Alter the following Ledgers

i)Bank Charges - Rs.500

Steps :

1.In GateWay of Tally > Go Accounts Info (Under Master) > Ledgers > Single : Alter >

2.Select Bank Charges & Press Enter ( Type Bank > Press Down or Up Key & Select )

3.Press Enter Again & Again upto Entered in Opening Balance Field.

4.Change amount 120 to 500 & Accept it.

5.Press CTRL + Q or Escape to View GateWay of Tally9

7.Delete the following Ledgers

i)Bank Charges

Steps :

1.In GateWay of Tally > Go Accounts Info (Under Master) > Ledgers > Single : Alter >

2.Select Bank Charges & Press Enter ( Type Bank > Press Down or Up Key & Select )

3.In Ledger Alteration Screen > Press ALT + D To Delete Ledger > Press Y to Delete
5.Press CTRL + Q or Escape to View GateWay of Tally9

8.To View All Ledgers

Steps :

1.In GateWay of Tally > Go Accounts Info (Under Master) > Ledgers > Multiple : Display >

2.Select All Items & Press Enter
5.Press CTRL + Q or Escape to View GateWay of Tally9

9.To Create a New Ledger in Voucher Entry Screen.Make the following Journal Entry

Hari Started a Business with Amount Rs.200000.

Steps :

1.In GateWay of Tally > Go Accounting Voucher or Press V

2.Press F7

3.Verify : Press F12 > Use/Cr instead of To/By during Entry : Yes
Allow Cash Accounts in Journals : Yes

4.

	Particulars	Debit	Credit
Dr	Cash A/c	200000
Cr	Press ALT + C > Name : Hari Capital A/c Under : Capital A/c > CTRL + A		200000

5.You can View this Ledger > Go Gateway of Tally9> Accounts info > Ledger > Display > See Hari Capital A/c

10.See the Following Video......for Above Examples...