Assignments

  • Read the transaction carefully. Identify the Inventory Voucher required for the transaction and fill up the same to record the transaction.
  • ABC Company, a renowned manufacturer of Biscuits, has manufactured delivered 5 packets of items to customer A, @ Rs. 150 per packet.


Instructions/Steps to record the transaction:

1. This assignment may be done either individually or in a team of two, as deemed necessary by the facilitator.
2. The applicable Inventory Voucher for the given transaction is Delivery Note/Delivery Challan.
3. The student must download the Tally ERP (Tally.ERP 9 Release 6.4.7, released on 2nd August, 2018) from the link https://tallysolutions.com/download/
4. Installing and setting up of Tally, thus downloaded, can be done simply by following the steps advised by the Tally.ERP 9 Setup Wizard.


To begin with, a fictitious company ABC must be created on Tally.ERP. The steps involved are:
  • Company Info -> Create Company -> Screenshot 1 (Company Creation) -> Fill up necessary details -> ABC company opened
  • The necessary details, without which a newly opened company is incomplete, are:

    1. Name of the company
    2. Mailing Name
    3. Address of the company
    4. Country (India by default)
    5. State
    6. Pincode
    7. Contact details (Phone no., Mobile no., Fax no., E-mail, Website (if any)

  • The fields in the Company Creation screen can be navigated by pressing “Enter”, and the four arrows.
Now that the company ABC is created, the student must select the company to proceed with the following steps.
  • Company Info -> Select Company -> pick “ABC” company from existing companies’ list -> Tally home screen with Gateway of Tally visible
Next, the student needs to add the Customer A, by creating a “Ledger” in A’s name, without quitting the Delivery Note/Challan screen. The steps involved are:
  • Gateway of Tally -> F11: Features -> F2: Inventory -> set the option Integrate Accounts and Inventory to Yes in F11: Features : F1: Accounting Features / Inventory Features
  • Gateway of Tally -> Under “Transactions” -> Inventory Vouchers -> enable the option "Use Tracking Numbers" (Delivery Note/Challan) -> Press “Enter” to save
  • Gateway of Tally -> Under F12: Configure (Delivery Note Configuration), set "Accept Supplementary Details" to Yes -> Press “Enter” to save
  • Gateway of Tally -> Under “Transactions” -> Inventory Vouchers -> Click “F8” or press “Alt + F8” to open Delivery Challan screen -> click “Party A/c” field -> press “Alt + C” -> sub-screen “Ledger Creation” opens without quitting Voucher screen -> fill up necessary details -> click “Accept” to save
  • The necessary details that need to be filled up are:

    1. Name of the ledger (Customer A)
    2. Type of Account
    3. Mailing details (Name, Address, Country, etc.)
    4. Tax Registration details (PAN, IT no., GST no., etc.)

  • The fields in the Ledger Creation screen can be navigated by pressing “Enter”, and the four arrows.
Now, the product details (of the consignment delivered to customer A) must be entered. The steps are:
  • Gateway of Tally -> Under “Transactions” -> Inventory Vouchers -> Click “F8” or press “Alt + F8” to open Delivery Challan screen -> click “Name of Item” field -> press “Alt + C” -> sub-screen “Stock Item Creation” opens without quitting Voucher screen -> type in “Biscuit” and fill up necessary details -> click “Accept” to save
  •  The necessary details that need to be filled up are:

    1. Quantity
    2. Rate per product/packet
    3. Amount (this value gets auto-populated once Quantity & Rate are entered)

  • The fields in the Ledger Creation screen can be navigated by pressing “Enter”, and the four arrows.
  • After entering all details, the student must click “Accept” to save the voucher. Now, the student has recorded the transaction completely, using the Delivery Challan/Note voucher.
  • After recording the full transaction, the student must upload the relevant screenshots, using the “Upload” button.
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