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As per terms, Rs 40000 was paid in advance ON 22 Jan.Maxwell completed its work and sent its bill for technical service of Rs 200000 on 28 Jan and Balance was paid on 29 Jan View Answer 5.
Mr Sanjeev Kumar a Sales Manager went on official tour and took Rs 10000 cheque as advance for expense to be incurred After coming back from tour , Mr Sanjeev submitted an expense report claiming expense incurred as follows 6.
Mr Rahul,an Admin Executive took advance of Rs 500 for purchase of items for office toilet He purchased items for Rs 350 as per bill submitted to him of Ghai Store and duly returned balance Rs 150.
There are many more features of Tally which you should know in detail if you want to fully understand Tally.
I have written a detailed post on What is Tally and you should go through it.
You can even download these Tally notes along with the practical assignment in the PDF format, later in this post, so you can use these notes in the future as well, whenever you feel like it. Opening balances of these 3 stock items would be milk – 10 liters, roti – 20 pieces and mobile – 5 numbers.
Here is the Tally ERP 9 practical assignment for you. Now, create sales ledgers – one for 28% GST rate and one for 5% GST rate.
You can all each smaller part of the Tally ERP 9 notes as Tally short notes.
The very first thing you need to learn about Tally is what is actually Tally. For most of the people Tally means just an accounting software but Tally is much more than that.
Similarly, create 1 sundry creditor outside your state and 1 sundry creditor inside your state. Check the Ratio Analysis and see what is the current ratio and quick ratio.
Now, create GST Taxation ledgers for CGST, SGST and IGST for input as well as output taxation of GST. Now, create a purchase entry in which you will purchase 5 liters of milk at 5% GST rate for ₹50 per liter, 5 pieces of roti for ₹10 per piece and 3 numbers of mobile for ₹25,000 per mobile. You can comment down below if you get stuck at any place in this assignment.