Ledger
Ledger is individual record as well as summary of transaction pertaining to an account.
Ledger creation
- We have to open the tally soft ware
- Create new company
- We have press Alt+F1 under “Gate way of Tally”
- We have to select company info option
- We have to select ledger option
- We have to select create option in single (or) multiple ledgers.
- Enter the ledger names and group
- Press the enter key
Necessary Accounts:-
Basically the necessary accounts are classified into mainly 6 types
- Capital account
- Fixed assets
- Indirect expenses
- Indirect income
- Direct expenses
- Direct income
Capital account:-
In this categories we have to specify company ower names.
Ex:-
Mr.sankar, Miss. Latha, haysky, Pvt lteds.
Fixed assets:-
Fixed assets which are purchased for long term use and are not likely to be converted quickly into cash.
Ex:-
Land, flat, computers, furniture, vehicle etc.
Indirect expenses:-
In this category we have to specify all office expanses like
Ex:-
Power bill paid, interest paid(all paid’s)
Indirect income;-
In this category we have to specify all offices income like
Ex:-
Rent received, Donation received, (All receive & incomes)
Direct expenses:-
In this category we have specify all factory expanses like
Ex :-
Factory power bill paid, wages paid etc.
Direct income:-
We have to specify all factory incomes like
Ex:-
Factory rent receive, coolie received etc.
|
NAME OF THE LEDGER |
UNDER |
|
MR.KUMAR |
CAPITAL ACCOUNT |
|
MR PREM |
CAPITAL ACCOUNT |
|
MISS JOTHI |
CAPITAL ACCOUNT |
|
COMPUTER PURCHASED |
FIXED ASSTES |
|
LAND PURCHASED |
FIXED ASSTES |
|
FURNITURE PURCHASED |
FIXED ASSTES |
|
VEHICLE PURCHASED |
FIXED ASSTES |
|
OFFICE EXPENDIENCES |
INDIRECT EXPENDIENES |
|
POWER BIILL PAID |
INDIRECT EXPENDIENES |
|
INTEREST PAID |
INDIRECT EXPENDIENES |
|
COMMISSION PAID |
INDIRECT EXPENDIENES |
|
SALARY PAID |
INDIRECT EXPENDIENES |
|
RENT RECEIVED |
INDIRECT INCOME |
|
INTEREST RECIVED |
INDIRECT INCOME |
|
COMMISSION REVCIVED |
INDIRECT INCOME |
|
PETTY INCOME |
INDIRECT INCOME |
|
PETTY EXPENDIENCES |
INDIRECT EXPENDIENCES |
|
HOTEL BILL PAID |
INDIRECT EXPENDIENCES |
|
TOY’S PURCHASED |
FIXED ASSETS |
|
FACTORY RENT PAID |
DIRECT EXPEDIENCES |
|
FACTORY POWER BILL PAID |
DIRECT EXPEDIENCES |
|
WAGES PAID |
DIRECT EXPEDIENCES |
|
FACTORY RENT RECEIVED |
DIRECT INCOME |
|
FACTORY INTEREST RECEVIED |
DIRECT INCOME |
|
COOLIE RECEIVED |
DIRECT INCOME |
Basic accounting problems in Tally
With the help of this option we can performed any type of voucher.
Entry operations.
F5:- purchases, payable amount
F6:-sales(or) sold, receivable amounts.
Problem 1:-
- Mr Kumar started a new business with 200000/-
- Furnisher purchased –25000/-
- Computers purchased –20000/-
- Rent paid —12000/-
- Net bill paid—600/-
- Fees received – 8000/-
- Donation received – 20000/-
- Printer purchased –3000/-
Problem 2:-
- Mrvasu started a new business with –150000/-
- Computer purchased –25000/-
- Salary paid – 7000/-
- Rent received –12000/-
- Commission recved –6000/-
- Interest received – 2000/-
- Power bill paid—1250/-
- Water bill paid—350/-
- Petty income—1600/-
