Practical Assignment

Create a New Company doing business of FMCG with following Information  … Swayam Sales & Co. is one Departmental Store […]

Activate GST Information of your Business as Regular Business with GST No – 21AGHPB2764P1ZD … Activate GST for Regular Dealers

Account Groups in TallyPrime At the highest level, accounts are classified into Capital or Revenue – and more specifically into Assets, Liabilities , Income and Expenditure . TallyPrime provides

Creating a Single LEDGER : A ledger is the actual account head to identify your transactions and are used in

Creating Party Ledgers (Sundry Debtor / Sundry Creditor) A business deals with customers, wholesalers, retailers, Suppliers and many such business

Creating GST Ledger ( CGST / SGST / IGST ) under Duty and Taxes Group. Tax Ledgers should be created

Creating Sales and Purchase Ledgers for GST Compliance: If many items you sell have the same tax rate, specify the

Creating Expenses and Income Ledgers without GST Compliance You can select the income or expenses account group to create ledgers.

Creating a Stock Group From this screen you can create a single stock group in the following manner : Gateway

Stock Items are mainly purchased and sold on the basis of quantity. The quantity in turn is measured by units.

Creation of Stock Items Stock items are goods that you manufacture or trade (sell and purchase). It is the primary inventory

TallyPrime is Pre-programmed with a variety of accounting vouchers, each designed to perform 8 specific Business Transactions with the help

In month of April 2023, Swayam Sales Purchase the following items and goods from different Suppliers both within State as

Record Expenses with GST in Purchase Voucher (F9) A business may incur day-to-day expenses such as rent, telephone bills, Internet

With the introduction of GST, the goods and services have been classified into Nil Rated, Exempted, Zero Rated and Non-GST

Purchase Return / Debit Note Voucher (Alt+F5) Debit Note is a document issued to a party stating that you are debiting

When goods / services are sold, a document detailing the transaction (item name, tax, etc) has to be given to

With the introduction of GST, the goods and services have been classified into Nil Rated, Exempted, Zero Rated and Non-GST

Receipt Voucher(F6) Any money received from debtors against sales Invoices or on Account and for all transactions where money is

Payment Voucher (F5) Payment voucher is used to account all the payments made by the company by way of Cash/Bank. Payment