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Read the notes, complete the Tally practical assignment and you’ll know for yourself what I am talking about.You can read the notes here online and you can also download these Tally notes in the PDF format completely for free.
Also comment the answers once you complete the whole assignment. If you complete this practical assignment in Tally ERP 9 even with mistakes, you will learn much more than going to a Tally coaching center for 3 months.
Just comment all of your answers and I’ll get back to you with any clarifications or suggestions.
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Detailing is necessary and therefore these notes were long but I have tried to keep them as interesting and as knowledgeable as possible. I am giving you one single assignment which will cover everything that you have learned in these Tally notes till now.
This is how in reality you will have to work with Tally.
Let’s start with the tally notes without wasting a single minute.
I have divided these notes in smaller different parts so that you can understand the Tally notes easily with as much less doubts as possible.
Also, create purchase ledgers in the same way each of 28% GST and 5% GST. Sell all the milk at ₹55 per liter with the same rate of GST as it was purchased. Now, check the profit and loss account and see what is the total value of sales for 5% GST.
Create 1 sundry debtor outside your state and 1 sundry debtor inside your state. Sell 20 pieces of roti at ₹20 per piece and 1 mobile phone at ₹50,000 per mobile at the same rates of GST as it was purchased. Go to Stock Summary and see what is the gross profit on sales of milk under the FIFO and LIFO methodology of stock valuations.