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Tally (BCA 2ND SEMESTER )

Bachelors of computer application (Tribhuvan Vishwavidalaya)

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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

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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

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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.

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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.

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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

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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=abccom@gmail.com

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Ledger
Creation of Ledger

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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.

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Purchase

Goods costing Rs 10,000 purchased from Supplier A.

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Sales
Goods costing Rs. Sold in cash.

10

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Trial balance

Showing the transaction into the trial balance.

11

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Profit and loss account

Showing the transaction into the profit and loss account.

12

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Balance sheet

Showing the transaction into the balance sheet.

13

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