TALLY PRIME (LEVEL 2) THE BHAWANIPUR EDUCATION SOCIETY COLLEGE

TALLY
PRIME
CA ANKIT PATWARI 1
TALLY PRIME (LEVEL 2) THE BHAWANIPUR EDUCATION SOCIETY COLLEGE

INDEX

Sl. No. PARTICULARS PAGE No.

1 INTRODUCTION 3-3

2 BILLS RECEIVABLE & BILLS PAYABLE MANAGEMENT 4-4

3 SUPPLY CHAIN MANAGEMENT 5-10

4 ADDITIONAL COST OF PURCHASE 11-12

5 BATCH ACCOUNTING & PRICE LEVEL 13-19

6 COST CENTRE 20-21

7 COST CATEGORY 22-22

8 BUDGET 23-23

9 GST 24-31

CA ANKIT PATWARI 2
TALLY PRIME (LEVEL 2) THE BHAWANIPUR EDUCATION SOCIETY COLLEGE

ASSIGNMENT
INTRODUCTION
1
Create a company in Tally by naming it with your college UID. Enable the necessary features as required in
the given question. Create necessary Accounting and Inventory Masters and pass the following voucher
entries:
(a) Started business with cash ₹ 100000
(b) Purchased furniture for office use in cash ₹ 20000
(c) Opened a bank account with ICICI bank and deposited ₹ 30000
(d) Purchased 10 pcs Dell Computer for resale @ ₹ 10000 each on credit from Sharma
(e) Sold 7 pcs Dell Computer @ ₹ 15000 each on credit to Verma
(f) Provide Depreciation ₹ 2000 on furniture
(g) Received ₹ 50000 from Verma as part payment via Cheque no: 200034 drawn on SBI
(h) Paid to Sharma ₹ 40000 via Cheque no: 100001

CA ANKIT PATWARI 3
TALLY PRIME (LEVEL 2) THE BHAWANIPUR EDUCATION SOCIETY COLLEGE

ASSIGNMENT
BILLS RECEIVABLE & BILLS
2 PAYABLE MANAGEMENT
Problem 1
1. Started Business with cash ₹ 200000
2. On 1st April, 2023 Purchased 10 Nokia Mobiles from M/s. Sahara Mobiles Stores @ ₹ 15,000 each. But
agreed to pay in 3 Installments. Each installment is due on after10Days.
3. On 2nd April, 2023 Sold 5 Nokia Mobiles to Mr. Sachin @ ₹ 20,000 each. Payment made in 2 equal
Installments each installment is due on first of every month.
4. 1st Installment paid to M/s. Sahara Mobile Stores
5. 1st Installment received from Mr. Sachin
Problem 2
1. Started Business with cash ₹ 2,00,000
2. On 1st April, 2023 Purchased 10 Nokia Mobiles from M/s. Calcutta Mobile Stores @ ₹ 15,000 each.
3. 01/04/2023 Received ₹ 1,00,000 from Mr. Krishna as advance (ADV/KR/001)
4. 01/04/2023 Sold Goods worth of ₹ 2,00,000 (Sales against Advances)10 Nokia Mobiles @ ₹ 20,000
(a) After the adjustment of advances Remaining outstanding amount will be cleared in 2 equal installments
(b) Each Installment is due on 1st of Every Month.
(c) Outstanding Amount (₹ 1,00,000) received along with ₹ 1,00,000 extra as an Advance. (ADV/KR/002)
5. Purchased 30 Pcs. Nokia Mobile phone from Calcutta Mobile Stores @ ₹ 15,000 each on credit
6. Sold 10 Pcs. to ABC Infotech @ ₹ 20,000 each on credit.(Credit Period = 30 days)
7. On 1st May Received ₹ 2,00,000 from ABC Infotech
8. On 1ST May set credit limit of ABC Infotech to ₹ 3,00,000
9. On 1st May sold 20 Pcs. to ABC Infotech @ ₹ 20,000 each on credit.
10. On1st May paid to Calcutta Mobile Stores on Account ₹ 1,00,000.

CA ANKIT PATWARI 4
TALLY PRIME (LEVEL 2) THE BHAWANIPUR EDUCATION SOCIETY COLLEGE

ASSIGNMENT
SUPPLY CHAIN
3 MANAGEMENT
1. Create cost and management Pvt. Ltd. and introduce capital of ₹ 50,00,000 in Kotak Mahindra Bank A/c
with the State Bank of India Cheque 100048.

2. On 1st April, 2023 placed an order to Samsung Electronics, for purchasing the following stock items with
Order number PO-1.

Order due Amount

Date Name of item Godown Quantity Rate per (₹ )
On date (₹ )

Samsung Top Load- 15,000/

Karnataka 50 PCS. 7,50,000
st
1 April, WM Pcs.
1stApril,2023
2023 Samsung Front Load- 30,000/
Karnataka 50 PCS. 15,00,000
WM Pcs.

(F10: Other Vouchers > Show Inactive > Activate Purchase Order)

3. On 1st April, 2023 placed an order to LG Electronics, for purchasing the following stock items with Order
number PO-2.

Order due Amount

Date Name of item Godown Quantity Rate per (₹ )
On date (₹ )

1stApril, LG Top Load-WM 1stApril, Delhi 30PCS. 15,000/Pcs. 4,50,000

2023 LG Front Load-WM 2023 Delhi 30PCS. 35,000/Pcs. 10,50,000

CA ANKIT PATWARI 5
TALLY PRIME (LEVEL 2) THE BHAWANIPUR EDUCATION SOCIETY COLLEGE

4. On 2nd April, received the following stock items from Samsung Electronics on credit, with receipt no. and
tracking no.1, against the order no. as PO-1.

Order due Amount

Date Name of item Godown Quantity Rate per (₹ )
On date (₹ )

Samsung Top 15,000/

Karnataka 50PCS. 7,50,000
2nd April, Load-WM 2ndApril, Pcs.

2023 Samsung Front 2023 30,000/

Karnataka 50PCS. 15,00,000
Load-WM Pcs.

(F10: Other Vouchers > Show Inactive > Activate Receipt Note)
5. On 2nd April, 2023 received the following stock item from LG Electronics on credit, with receipt note
number and tracking number 5, against the order number as PO-02.

Date Name of item Godown Quantity Rate per (₹ ) Amount(₹ )

2ndApril, LG Top Load-WM Delhi 30PCS. 15,000/Pcs. 4,50,000

2023 LG Front Load-WM Delhi 30PCS. 35,000/Pcs. 10,50,000

6. On 2nd April, 2023 checked the goods received from Samsung Electronics and found out that 3 Samsung
Front load- WM are in damaged condition i.e., there was a problem in lid grip, hence rejected the goods with
Tracking no. 1(PO-01).

Date Name of item Godown Quantity Rate per (₹ ) Amount(₹ )

2ndApril, 2023 Samsung Front load- WM Karnataka 3Pcs. 30,000/pc. 90,000

7. On 2nd April, 2023 recorded the purchase voucher with the supplier in voice SE/011 against the receipt note
tracking no.1.

Date Name of item Godown Quantity Rate per (₹ ) Amount(₹ )

Samsung top load–WM Karnataka 50Pcs. 15,000/pcs. 7,50,000

nd
2 April, 2023
Samsung front load- WM Karnataka 47Pcs. 30,000/pcs. 14,10,000

CA ANKIT PATWARI 6
TALLY PRIME (LEVEL 2) THE BHAWANIPUR EDUCATION SOCIETY COLLEGE

8. On 2nd April, 2023 recorded the purchase voucher with the supplier invoice LG/019 against the receipt note
tracking number 5.

Date Name of item Godown Quantity Rate per (₹ ) Amount(₹ )

LG Top Load-WM Delhi 30PCS. 15,000/Pcs. 4,50,000

2ndApril, 2023
LG Front Load-WM Delhi 30PCS. 35,000/Pcs. 10,50,000

9. On 2nd April, 2023 returned the following stock item due to quality issue to Samsung Electronics vide their
bill no. SE/011 against purchase made.

Date Name of item Godown Quantity Rate per (₹ ) Amount(₹ )

2ndApril, 2023 Samsung top load- WM Karnataka 2pcs. 15,000/pcs. 30,000

10. On 1st May, 2023 paid ₹ 21,30,000 for the purchases made from Samsung Electronics. The payment was
made through Kotak Bank A/c cheque100001.
11. On 1st May, 2023 paid ₹ 15,00,000 for the purchase made from LG Electronics. The payment was made
through Kotak Bank A/c Cheque 100026.
12. On 1st May, 2023 received an order from Hathi’s Electronics for the following stock item with order no. SO-
01.

Order due Amount

Date Name of item Godown Quantity Rate per (₹ )
On date (₹ )

Samsung top
Karnataka 25pcs. 18,000/pcs. 4,50,000
1stMay, load–WM 1stMay,
2023 Samsung front 2023
Karnataka 25pcs. 35,000/pcs. 8,75,000
load-WM

13. On 1st May, 2023 received an order from Meena Electronics for the following stock item with order no.SO-
02.

Order due Amount

Date Name of item Godown Quantity Rate per (₹ )
On date (₹ )

LG top load–WM Delhi 30pcs. 18,000/pcs. 5,40,000

1stMay, 2023 1stMay, 2023
LG front load-WM Delhi 25pcs. 40,000/pcs. 10,00,000

CA ANKIT PATWARI 7
TALLY PRIME (LEVEL 2) THE BHAWANIPUR EDUCATION SOCIETY COLLEGE

14. On 2nd May, 2023 delivered the following stock items against the sales order no. SO-01 to Hathi’s
Electronics on credit, with delivery note number and tracking number as 1.

Date Name of item Godown Quantity Rate per (₹ ) Amount(₹ )

2nd May, Samsung top load–WM Karnataka 25pcs. 18,000/pcs. 4,50,000

2023 Samsung front load- WM Karnataka 25pcs, 35,000/pcs. 8,75,000

15. On 2nd May, 2023 delivered the following stock item against the sales order no. SO-02 to Meena Electronics
on credit, with delivery note number and tracking number as 2.

Date Name of item Godown Quantity Rate per (₹ ) Amount(₹ )

LG top load– WM Delhi 30pcs. 18,000/pcs. 5,40,000

2nd May, 2023
LG fron tload-WM Delhi 25pcs. 40,000/pcs. 10,00,000

16. On 2nd May, 2023 Hathi’s Electronics rejected the following stock item because the start button in the
washing machine was not working, hence required the goods against Delivery Note tracking number1.

Date Name of item Godown Quantity Rate per (₹ ) Amount(₹ )

2nd May, 2023 Samsung top load- WM Karnataka 3pcs. 18,000/pcs. 54,000

17. On 2nd May, 2023 recorded sales voucher against the Delivery Note no: Tracking number 1 (SO-1).

Date Name of item Godown Quantity Rate per (₹ ) Amount(₹ )

Samsung top load –WM Karnataka 22pcs. 18,000/pcs. 3,96,000

nd
2 May, 2023
Samsung front load – WM Karnataka 25pcs, 35,000/pcs. 8,75,000

18. On 2nd May, 2023 recorded sales voucher against the Delivery Note no. tracking number 2 (SO-2).

Date Name of item Godown Quantity Rate per (₹ ) Amount(₹ )

LG top load– WM Delhi 30pcs. 18,000/pcs. 5,40,000

nd
2 May, 2023
LG front load-WM Delhi 25pcs. 40,000/pcs. 10,00,000

CA ANKIT PATWARI 8
TALLY PRIME (LEVEL 2) THE BHAWANIPUR EDUCATION SOCIETY COLLEGE

19. On 2nd May, 2023 received payment through SBI Cheque 960035 from Hathi’s Electronics for ₹ 12,71,000.
The Cheque was deposited in Kotak Mahindra bank A/c.
20. On 2nd May, 2023 received payment through ICICI Cheque 567001 from Meena Electronics for ₹ 15,40,000.
21. On 1st june, 2023 setups there order level for the stock item.

Minimum
Name of Reorder Usage Usage
Date Criteria Order Criteria
item Quantity Pattern Pattern
Quantity

Samsung
front load– 20 5 Days Higher 10 5 Days Higher
1st
June, WM
2023 Samsung top
20 5 Days Higher 10 5 Days Higher
load- WM

22. On 1st June, 2023 received an order from Hathi’s Electronics for the following stock items with order no.SO-
03.

Order Due Amount

Date Name of item Godown Quantity Rate per (₹ )
On Date (₹ )

Samsung top
Karnataka 15pcs. 18,000/pcs. 2,70,000
load–WM st
1 June,
1st June, 2023
Samsung front 2023
Karnataka 15pcs. 35,000/pcs. 5,25,000
load-WM

23. On 1st June, 2023 placed an order to Samsung Electronics for the following stock items with order no .PO-03.

Order Due Amount

Date Name of item Godown Quantity Rate per (₹ )
On Date (₹ )

Samsung top
Karnataka 12pcs. 15,000/pcs. 1,80,000
1st June, load–WM 1stJune,
2023 Samsung front 2023
Karnataka 13pcs. 30,000/pcs. 3,90,000
load-WM

CA ANKIT PATWARI 9
TALLY PRIME (LEVEL 2) THE BHAWANIPUR EDUCATION SOCIETY COLLEGE

24. On 2nd June, 2023 expanded its business and opened a new godown in Indiranagar Bengaluru, Karnataka.
The company transferred the following stock items from Karnataka location to Indiranagar – Karnataka
Location.

Date Name of item Godown Quantity Rate per (₹ ) Amount(₹ )

LG top load– WM Karnataka 10pcs. 15,000/pcs. 1,50,000

2nd June, 2023 Samsung top load–WM Karnataka 15pcs. 15,000/pcs. 2,25,000

Samsung front load- WM Karnataka 10pcs. 30,000/pcs. 3,00,000

CA ANKIT PATWARI 10
TALLY PRIME (LEVEL 2) THE BHAWANIPUR EDUCATION SOCIETY COLLEGE

ASSIGNMENT
ADDITIONAL COST OF
4 PURCHASE
1. Create Patwari International Pvt. Ltd.
(Set the option Track additional Costs of purchases to yes)
2. On 1st April, 2023 purchased the following stock items worth ₹ 13,84,000 from Samsung Electronics

Date Name of item Godown Quantity Rate per(₹ ) Amount(₹ )

Samsung top load

Karnataka 20pcs. 18,000/pcs. 3,60,000
1st April, Washing machine
2023 Samsung front load
Karnataka 25pcs. 40,000/pcs. 10,00,000
washing machine

Additionally, Samsung Electronics imposed extra Packaging Cost of ₹ 10,000 (₹ 4,000 for Samsung
Top load washing machine and ₹ 6,000 for Samsung Front load Washing Machine) and Transportation
cost of ₹ 14,000 (allocate the amount based on the quantity)

(Ctrl + H > Change mode > As Voucher)

3. On 1st April, 2023 purchased the following stock items from LG Electronics

Amount
Date Name of Item Godown Quantity Rate per (₹ )
(₹ )

LG Top load washing machine Delhi 15pcs. 18,000/pcs. 2,70,000

On 1st April, 2023 LG Front load washing

Delhi 20pcs. 40,000/pcs. 8,00,000
machine

Additionally, LG Electronics imposed extra loading and unloading cost of ₹ 10,000

(F12: Configure > select appropriate method to allocate Additional costs to yes)
CA ANKIT PATWARI 11
TALLY PRIME (LEVEL 2) THE BHAWANIPUR EDUCATION SOCIETY COLLEGE

4. On1st April, 2023 purchased the following stock items from LG Electronics

Rate per Amount

Date Nameof item Godown Quantity
(₹ ) (₹ )

LG Top load Washing Machine Karnataka 10pcs. 15,000/ pcs. 1,50,000

1st April, 2023
LG Front load Washing Machine Karnataka 10pcs. 35,000/ pcs. 3,50,000

Additionally, LG Electronics imposed loading and unloading cost of ₹ 12,000

5. On 2nd April, 2023 returned the following items to LG Electronics

Rate per Amount

Date Name of item Godown Quantity
(₹ ) (₹ )

LG Top load Washing Machine Karnataka 5pcs. 15,000/ pcs. 75,000

nd
2 April, 2023
LG Front load Washing Machine Karnataka 5pcs. 35,000/ pcs. 1,75,000

Additionally, Loading and Unloading cost (In ward) of ₹ 6,000 was also adjusted.

(Track Additional costs of purchase to yes)

CA ANKIT PATWARI 12
TALLY PRIME (LEVEL 2) THE BHAWANIPUR EDUCATION SOCIETY COLLEGE

ASSIGNMENT
BATCH ACCOUNTING AND
5 PRICE LEVEL
Journalise the following transactions in the books of Shri Devi International:-

1. On 1st April, 2023 introduced initial capital of ₹ 90,00,000 through cheque of State Bank of India (100001)
and was deposited into current account of Kotak Mahindra Bank A/c.

2. Inventory Masters of the Company

Perishable Goods

Sub-Stock
Stock Group
Groups Stock Category (Product
(under
(Product Diff. Diff. Types) Unit Stock Item
primary)
Brands)

Surf
Matic
Front Load Excel Matic Front Load
Powder
Surf Excel Powder

Washing Surf Excel Matic Top Load

Matic Top Load Powder Kgs. Powder
Powder

Matic
Front Load Ariel Matic Front Load Powder
Ariel Powder

Matic Top Load Powder Ariel Matic Top Load Powder

CA ANKIT PATWARI 13
TALLY PRIME (LEVEL 2) THE BHAWANIPUR EDUCATION SOCIETY COLLEGE

3. On 1st April, 2023 purchased the following items from HUL Manufacturer on credit and maintained the
stock in batches. The goods are kept in Karnataka Godown. (Invoiceno.1)

Rate
Mfg. Expiry Batch/Lot Amount
Date Name of item Godown Quantity per
Date Date No. (₹ )
(₹ )

Surf Excel
1st st
Matic
Karnataka Nov, 1 May, Batch/001 500Kgs. 200/Kg. 1,00,000
st frontload 2023
1 2022
powder
April,
2023 Surf Excel st
1st Jan, 1 July,
Matic Top Karnataka Batch/002 500kgs. 150/kg. 75,000
2022 2023
load powder

4. On 2nd April 2023, purchased the following stock item on credit from HUL manufacturers with the supplier
Invoice No.5 and maintained the stock in Batches.

Rate
Mfg. Expiry Batch/ Lot per Amount
Date Name of item Godown Quantity
Date Date No. (₹ )
(₹ )
nd
2 Surf Excel 2nd
1st Oct,
April, Matic Front Karnataka April, Batch/003 250Kgs. 200/kg. 50,000
2023
2023 Load Powder 2022

5. On 2nd April, 2023 purchased the following stock items on credit from Kesari Traders with the Supplier
Invoice No.7 and maintained the stock in batches.

Name of Mfg. Expiry Batch/ Rate Amount

Date Godown Quantity
item Date Date Lotno. Per (₹ ) (₹ )

Ariel Matic
Front Load 1st Nov, 1st May,
Delhi Batch/007 200Kgs. 210/kg. 42,000
2022 2023
2nd Powder
April,
2023 Ariel Matic 2nd
Top Load 2nd Sep,
Delhi April, Batch/008 600Kgs. 160/kg. 96,000
2023
Powder 2022

CA ANKIT PATWARI 14
TALLY PRIME (LEVEL 2) THE BHAWANIPUR EDUCATION SOCIETY COLLEGE

6. On 2nd April, 2023 sold the following stock items on credit to Super Mart Retailer.

Batch/Lot Rate per Amount

Date Name of item Godown Quantity
no. (₹ ) (₹ )

Surf excel Matic front

Karnataka Batch/001 450Kgs. 250/kg. 1,12,500
2nd April, load powder
2023 Surf Excel Matic Top
Karnataka Batch/002 450Kgs. 200/kg. 90,000
load powder

7. On 2nd April 2023, sold the following stock item on credit to Shobha Stores.

Batch/ Lot Rate per Amount

Date Name of item Godown Quantity
No. (₹ ) (₹ )

Ariel Matic Front Load

Delhi Batch/007 160Kgs. 260/kg 41,600
2nd April, Powder
2023 Ariel Matic Top Load
Delhi Batch/008 15Kgs. 200/kg 3,000
Powder

8. On 1st May, 2023 received an amount of ₹ 44,600 from Shobha Stores against the pending sale bill no. 2,
Paidin SBI Cheque 400034.
9. Record the sales voucher and identify the Expired Batches. Sold to Super Mart Retailer with Invoice no.3

Batch/Lot Rate per Amount

Date Name of item Godown Quantity
no. (₹ ) (₹ )

2nd May, Surf excel Matic front

Karnataka Batch/001 50Kgs. 250/kg. 12,500
2023 load powder

10. On 2nd May, 2023 received an amount of ₹ 2,15,000 from Super Mart Retailer against the pending sale bill
no.1 (2,02,500) and 3 (12,500). Paid in SBI cheque 400013.
11. On 2nd May, 2023 returned the expired goods of Batch/001 to HUL Manufacturer, which was purchased on
1st April 2023 with invoice number 1.
12. On 2nd May, 2023 made a payment of ₹ 2,15,000 to HUL Manufacturer against the purchase invoice no. 1
(pending amount ₹ 1,65,000) and 5 (pending amount ₹ 50,000) via Kotak Mahindra Bank cheque 100001.

CA ANKIT PATWARI 15
TALLY PRIME (LEVEL 2) THE BHAWANIPUR EDUCATION SOCIETY COLLEGE

13. On 2nd May, 2023 returned the expired goods of batch/007 to Kesari Traders, with original invoice no. as 7
and original invoice date as 2nd April, 2023.

14. On 2nd May 2023, made a payment of ₹ 1,29,600 to Kesari Traders against the purchase invoice no.7, via
Kotak Mahindra Bank cheque 100002.

15. On 2nd May, 2023 company wants to define price levels for its Buyers/ customers. (Wholesaler, Retailer and
Dealer)

16. Create the Price List of Wholesaler for the month of May–2023

Sub – stock Number of Discount

Name of the item Rate
group Quantities rate

From: Less than

100 160/Kgs. 0
Surf excel Matic top load
100 200 160/Kgs. 3%
powder
200 above 160/Kgs. 5%

100 210/kgs. 0
Surf Excel Surf excel Matic front load
100 200 210/kgs. 3%
powder
200 above 210/kgs. 5%

100 170/Kgs. 0

Ariel Matic Top load powder 100 200 170/kgs. 3%

200 Above 170/kgs. 5%

Ariel
100 220/kgs. 0

Ariel Matic front load powder 100 200 220/kgs. 3%

200 above 220/kgs. 5%

CA ANKIT PATWARI 16
TALLY PRIME (LEVEL 2) THE BHAWANIPUR EDUCATION SOCIETY COLLEGE

17. Create the price list for Dealer as on 2nd May, 2023

Sub – stock Number of Discount

Name of the item Rate
group Quantities rate

From: Less than

100 180/Kgs. 0
Surf Excel Matic top load
100 200 180/Kgs. 3%
powder
200 above 180/Kgs. 5%

100 230/kgs. 0
Surf Excel Surf Excel Matic front load
100 200 230/kgs. 3%
powder
200 above 230/kgs. 5%

100 190/Kgs. 0

Ariel Matic Top load powder 100 200 190/kgs. 3%

200 Above 190/kgs. 5%

100 240/kgs. 0

Ariel Ariel Matic front load powder 100 200 240/kgs. 3%

200 above 240/kgs. 5%

18. Create the price list for retailer for the month of May, 2023.

Sub – stock
Name of the item Number of Quantities Rate Discount rate
group

From: Less than

100 200/Kgs. 0
Surf Excel Matic top
Surf Excel 100 200 200/Kgs. 3%
load powder
200 above 200/Kgs. 5%

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TALLY PRIME (LEVEL 2) THE BHAWANIPUR EDUCATION SOCIETY COLLEGE

100 250/kgs. 0
Surf Excel Matic front
100 200 250/kgs. 3%
load powder
200 above 250/kgs. 5%

100 210/Kgs. 0
Ariel Matic Top load
100 200 210/kgs. 3%
powder
200 Above 210/kgs. 5%
Ariel
100 260/kgs. 0
Ariel Matic front load
100 200 260/kgs. 3%
powder
200 above 260/kgs. 5%

19. On 2nd May, 2023 sold the following items to Sai Wholesaler on credit at a whole sale price.

Disc. Amount(₹
Date Name of Item Godown Batch no. Quantity Rate
% )

Surf Excel Matic front

Karnataka Batch/003 115Kgs. 210/kg. 3% 23,425
nd
2 May, load powder

2023
Ariel Matic Top load
Delhi Batch/008 150Kgs. 170/kg. 3% 24,735
powder

20. On 2nd May, 2023 received an amount of ₹ 48,160 from Sai Wholesaler against the pending sale bill no.4
Paid via ICICI Bank cheque 600003.

21. On 2nd May, 2023 sold the following items to Aliba Retailers on credit at a retail price with reference no.5.

Batch Disc. Amount

Date Name of Item Godown Quantity Rate
No. % (₹ )

2nd May, Ariel Matic Top Load

Delhi Batch/008 250Kgs. 210/Kgs. 5% 49,875
2023 Powder

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TALLY PRIME (LEVEL 2) THE BHAWANIPUR EDUCATION SOCIETY COLLEGE

22. On 2nd May, 2023 received an amount of ₹ 49,875 from Aliba Retailers against the pending sale bill no.5.
Paid via. SBI cheque 450089.

23. On 1st June, 2023 want store vise the price list for wholesaler, Dealer and Retailer, as the rate of stock items
are increased by ₹ 50.The discount rate will remain as it is.

Steps:-

1. Inventory > Alter > Inventory masters > Pricelist

2. Press Alt + R > Revise Price.

24. On 1st June, 2023 sold the following stock item to Sai Wholesaler on credit at a wholesale price.

Rate Amount
Date Name of item Godown Batch no. Quantity
(₹ ) (₹ )

st
1 June, Surf Excel Matic top load
Karnataka Batch/002 50Kgs 210/kgs. 10,500
2023 powder

25. On 1st July, 2023 received an amount of ₹ 10,500 from Sai Wholesaler against the pending sale bill no.6.
Paid via. ICICI cheque 600004.

CA ANKIT PATWARI 19
TALLY PRIME (LEVEL 2) THE BHAWANIPUR EDUCATION SOCIETY COLLEGE

ASSIGNMENT
COST CENTER
6
1. Create the company Cost center Pvt. Ltd. and introduced capital of ₹ 10,00,000 in cash.
2. On 1st April, 2023 company want to track the expenses and incomes of the following teams by creation of
cost Centre’s:-

Date Cost Centre Sub-Cost Center

Mahendra
Sales Team
Jitendra

1stApril, 2023 Prakash

Technical team
Shekar

Steps:-
(a) Gateway of tally > Alt + K > F11
(b) Enable cost centers to Yes
(c) Create > accounting masters > cost center
(d) Chart of accounts > Cost centers > H: Multi Master
3. On 1 April, 2023 made a payment towards travelling and food expenses for ₹ 2,00,000. Allocate the total
st

amount as follows:-

Cost Center Amount

Mahendra 60,000

Jitendra 60,000

Prakash 40,000

Shekar 40,000

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TALLY PRIME (LEVEL 2) THE BHAWANIPUR EDUCATION SOCIETY COLLEGE

Steps:-
(a) Create > Accounting Masters > Ledger
(b) F12: Configure > Apply Cost centers for ledger to Yes.
4. On 1st April, 2023 conducted open Technical Training Programme and they generated 3,00,000 of revenue.
Revenue generated by each team member is given below:-

Cost Center Amount

Prakash 2,70,000

Shekar 30,000

5. On 1st April, 2023 purchased 11 pcs. of Samsung washing machine @ ₹ 10,000 each amounting to ₹ 1,10,000.
6. On 1st April, 2023 sold 11 pcs. of Samsung washing machine @ ₹ 18,000 each to Niranjan Electronics and
received the Cash immediately. This sale was made by Mahendra.
Steps: - F12:- Configure > Select common ledger account for item allocation to NO.
7. Company has decided to pre-allocated the Dress Allowance to its employees based on the nature of work,
the fixed percentages are given below:
 Mahendra –30%
 Jitendra –30%
 Prakash–20%
 Shekar–20%
 Steps: -
(a) Alt k:- > Enter features (F11)
(b) Ctrl I:- More Details > Cost Centre class
(c) In Auto Cost Allocations > type the class name as expense auto allocation.
8. On 1st April, 2023 paid ₹ 25,000 towards Dress Allowance, to Sales team and Technical team in cash, auto
allocates the amount based on the fixed percentage fined.
Steps: -
(a) Select Payment Voucher.
(b) Go to F12 : Configuration
(c) Make select cost center/class to Yes.

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ASSIGNMENT
COST CATEGORY
7
1. Create the company named Mahadevi Pvt. Ltd. and Introduce capital of ₹ 10,00,000.
2. Create the following cost category and cost centers:-

Cost Category Cost Centres

Karnataka Branch
Branch
Delhi Branch

Sales Team

Department Accounts Team

Technical Team

Steps:- Set Allocate revenue items to Yes.

3. On 1st April, 2023 conducted an Accounting Development Programme and has spent ₹ 5,00,000. Allocate
this expense to Karnataka branch as ₹ 5, 00,000 and the same amount need to be allocated to accounts team.
4. On 1st April, 2023 conducted a sales event in Delhi and has spent ₹ 3, 00,000. Allocate this expense to the
Delhi branch as ₹ 3, 00,000 and the same amount need to be allocated to Sales Team.
5. On 1st April, 2023 conducted technical upgradation programme for all its technical team employees in
Karnataka location and spent ₹ 2,00,000. Allocate it to Karnataka branch as ₹ 2,00,000 and the same amount
need to be allocated to technical team.

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ASSIGNMENT
BUDGET
8
1. Create Budget Pvt. Ltd.

2. Create April Sales Budget of Sales A/c of amount ₹ 5,00,000 on closing balance.

 Go to Create
 Press Show more

 Press budget
3. Create Expenditure Budget of:

Advertisement expense > 2,00,000 > On Closing Balance Travelling expense > 50,000 > On Closing
Balance

4. On 1st April, 2021 made sale of ₹ 5,50,000 in cash

5. On 1st April, 2021 incurred Advertisement Expense of ₹ 2,30,000 and Travelling Expense of ₹ 60,000.

6. Display Budget Reports:

 Go to Trial Balance
 Press F10 to display budget report

 Press alt + F1 for Detail View

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ASSIGNMENT
GST
9
1. Bharati Electronics Pvt. Ltd. started the business in April, 2023 with a capital of ₹ 20,00,000. The company
is registered as a Regular dealer (GSTIN: 19AAACB1234L1ZK) in West Bengal under the Goods and
Services Tax Act. The company deals in multi brands of Television which will attract18% and 28% GST
rate depends on the television display size. Therefore, the company decides to define the tax details at the
company level and in the stock item level. The company also provides Maintenance Services on which GST
is applicable. The company has an account in HDFC Bank Current A/c. for business purpose.

While creating company go to F12: Configure and activate:

 Provide additional base currency details to yes.

 Enable Goods and Service tax to yes.

 Description: Electrical Appliances (HSN: 85287219)

 GST 18%.

2. As on 1st April 2023, Mr. Adarsh, Managing Director of Bharati Electronics Pvt. Ltd., introduced a capital of
₹ 20, 00,000. State Bank cheque vide number 601005 was deposited in the HDFC Bank Current A/c.

3. In Accounting Masters create the following ledgers: (Always keep Set/Alter GST to No)

 Suppliers

Name State Pin code GST no.

Charan Enterprise West Bengal(19) 700040 19ADDFV1248K1ZK

Anand Enterprise Telangana (36) 520011 36AEEVR4586H3ZS

Tanuja Agencies West Bengal(19) 700048 19AEEFV1793A4FB

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 Customer

Name State Pin code GST no.

Sajan Enterprise West Bengal(19) 700004 19ASSCT1258F4AS

Madhu Electronics Tamil Nadu(33) 600003 33AEEDC1365F4GH

Lulu Electronics Kerala(32) 682001 32ADDCE4586G4AD

 Purchase A/c
 Purchase Return A/c
 Sales A/c
 Sales Return A/c
 IGST A/c
 CGSTA/c
 SGST A/c
4. In Inventory Master create the following:
 Unit > Numbers(NOS)
 Stock Items:
(a) LG32” Smart TV (Rate of duty18%)
(b) Mi.32” Smart TV (Rate of Duty18%)
(c) Kodak32” Smart TV (Rate of Duty18%)
5. Bharati Electronics Pvt. Ltd. deals with different Brands of Television that attracts an 18% GST rate and the
tax configuration is made at the company level. The company also supplies Television above 43 inches
which attract a 28% GST rate. We need to create the Stock items and configure GST rates for each stock
item.

Name LG 43” Smart TV Mi. 43” Smart TV

Under Primary Primary

Unit NOS NOS

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GST Applicable Applicable Applicable

Set/Alter GST Details Yes Yes

Description Electrical Appliances Electrical Appliances

HSN/SAC 85287219 852872519

Calculation Type On Value On Value

Taxability Taxable Taxable

Integrated Tax 28% 28%

Central Tax Gets auto filled Gets auto filled

State Tax Gets auto filled Gets auto filled

Type of Supply Goods Goods

Rate of Duty 28 28

6. Bharati Electronics Pvt. Ltd. provides Maintenance Services which is taxable at 18% GST and receives Print
Media Services which is taxable at 5% GST.
Create Maintenance Services: (Under Indirect Incomes)
 Is GST Applicable: Applicable
 Set/Alter GST Details: Yes
 Description: Repair and Maintenance Services
 HSN/SAC: 9987
 Nature of Transaction: Not Applicable
 Taxability: Taxable

 Integrated Tax: 18%

Create Print Media Services: (Under Indirect Expenses)
 Is GST Applicable: Applicable
 Set/Alter GST Details: Yes

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 Description: Selling of Space for Advertisement in Print Media.

 HSN/SAC: 9983

 Nature of Transaction: Not Applicable

 Taxability: Taxable

 Integrated Tax : 5%

7. Recording Purchase Voucher for accounting intrastate inward supply of goods with GST and checking
GSTR-3B.

Date Particulars

On 1st April, 2023 Bharati Electronics Pvt. Ltd. purchased the following
1stApril, 2023 goods from Charan Enterprises, West Bengal on credit with Supplier
invoice no. CE/PUR/11.

Name of item Quantity Rate per (₹) Amount(₹)

LG 32” SmartTV 5nos. 15,000 75,000

Kodak 32” Smart TV 3nos. 13,000 39,000

8. Recording sales voucher for accounting intrastate outward supply of goods with GST and Checking GSTR-1
& GSTR-3B.

Date Particulars

1sr April, On 1st April, 2023 Bharati Electronics Pvt. Ltd. sold the following goods to Sajan
2023 Enterprises, West Bengal on Credit with Sale Bill No.1.

Name of item Quantity Rate per (₹) Amount(₹)

LG 32” Smart TV 3Nos. 16,500 49,500

Kodak 32” Smart TV 2Nos. 14,000 28,000

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9. Recording Purchase Voucher for accounting intrastate inward supply of services with GST and checking
GSTR-3B.

Date Particulars

On 2nd April 2023, Bharati Electronics Pvt. Ltd. received Print Media Services worth
2nd April,
₹ 30,000 from Tanuja Agencies West Bengal on credit with the Supplier Invoice No.
2023
TA/PUR/13.

10. Recording Sales Voucher for accounting intrastate outward supply of services with GST and checking
GSTR-3B & GSTR-1.

Date Particulars

On 2nd April 2023, Bharati Electronics Pvt. Ltd. provided Maintenance Services of ₹
2nd April, 2023 3,000 to Sajan Enterprises, West Bengal with Sale Bill no. 2 against the supply of
LG 32” Smart TV dated 1st April, 2023.

11. Recording Purchase voucher for accounting interstate inward supply of goods with GST and checking
GSTR-3B.

Date Particulars

2nd April, On 2nd April 2023, Bharati Electronics Pvt. Ltd. purchased the following goods from
2023 Anand Enterprises, Telangana on credit with Supplier Invoice no. AE/PUR/141.

Name of item Quantity Rate per (₹) Amount (₹)

LG 43” Smart TV 5 Nos. 35,000 1,75,000

Mi. 32” Smart TV 5 Nos. 13,000 65,000

Mi. 43” Smart TV 5 Nos. 30,000 1,50,000

12. Recording Sales voucher for accounting interstate outward supply of goods with GST

Date Particulars

2nd April On 2nd April 2023, Bharati Electronics Pvt. Ltd. sold the following goods to Madhu
2023 Electronics, Tamil Nadu on credit with Sale bill No.3.

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Name of item Quantity Rate per (₹) Amount(₹)

LG 43” Smart TV 3 Nos. 38,000 1,14,000

Mi. 43” Smart TV 3 Nos. 32,000 96,000

LG 32” Smart TV 1 Nos. 16,500 16,500

13. On 2nd April 2023, Bharati Electronics Pvt. Ltd. sold the following goods to Lulu Electronics Store, Kerala
on credit with sale bill no.4.

Name of item Quantity Rate per (₹) Amount (₹)

Mi. 32” Smart TV 4 Nos. 15,000 60,000

LG 43” Smart TV 2 Nos. 39,000 78,000

Mi. 43” Smart TV 1 Nos. 32,000 32,000

14. On 2nd April 2023, Bharati Electronics Pvt. Ltd. sold the following goods to Sajan Enterprises, West Bengal
on credit with Sale bill no. 5.

Name of item Quantity Rate per (₹ ) Amount(₹ )

Mi. 43” Smart TV 1 Nos. 33,000 33,000

Mi. 32” Smart TV 1 Nos. 16,000 16,000

15. Recording Debit Note voucher for accounting purchase returns of goods with GST and checking GSTR-3B.

Date Particulars

On 2nd April 2023, Bharati Electronics Pvt. Ltd. returned the following stock items due to
2nd April,
damaged stock to Charan Enterprises, West Bengal against supplier invoice no.
2023
CE/PUR/11.

Name of item Quantity Rate per (₹ ) Amount (₹ )

LG 32” Smart TV 1 Nos. 15,000 15,000

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16. Recording Credit note voucher for sales return of goods with GST and checking GSTR-1.

Date Particulars

2nd April On 2nd April 2023, Sajan Electronics, West Bengal returned the following stock items due
2023 to damaged stock against sale bill no.1

Name of item Quantity Rate per (₹) Amount(₹)

Kodak 32” Smart TV 2 Nos. 14,000 28,000

To check the Total Liability Amount:

 From Gateway of tally > Display more reports > GST reports > GSTR-1.

 Click F12: Configure > Set Show Tax types in separate columns to Yes > Accept the screen.

 GSTR-1 will display the Integrated Tax, Central Tax and State Tax Amount.
17. Recording Journal Voucher for adjusting Input Tax Credit against Tax Liability.

Date Particulars

Adjust the following Input Credit against the available Tax Liability.

Input Tax Credit Tax Liability Amount

Balance Payable
(GSTR-3B) (GSTR-1)

Integrated Tax – Integrated tax – Integrated tax –

st
1 May, 2023
1,02,700 1,03,370 670

Central Tax –
Central Tax – 9,660 Central Tax – 10,785
1,125

State Tax – 9,660 State Tax – 10,785 State Tax – 1,125

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18. Recording Payment voucher using Autofill to make the GST payment to the department.

Date Particulars

Bharati Electronics Pvt. Ltd. made payment of the following taxes to the department.
The Payment was made through HDFC Bank Current A/c vide
cheque505003.

Tax Amount
Type of Tax
2nd May (₹ )
2023 Integrated Tax 670

Central Tax 1,125

State Tax 1,125

Total Tax Payable 2,920

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