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BAS Assignment 7.PDF.pdf

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12 views

BAS Assignment 7.PDF.pdf

Uploaded by

saisinghal86
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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ASSIGNMENT 7

Ques.1) Explain in detail using appropriate screenshots about all the vouchers in Tally.
Give details of:
A. Various types of vouchers
In Tally Prime, vouchers are used to record business transactions. Vouchers in Tally are
categorized based on the type of transactions, and they allow businesses to track their financial
activities efficiently. Below is an explanation of the various types of vouchers in Tally, including
how to create them in both single-entry and double-entry modes, along with the associated
shortcut keys
Types of Vouchers in Tally
Tally includes several predefined vouchers, but you can also create new ones as per the
requirements of your business. Some of the vouchers are as follows:

a) Sales Voucher
o Records sales transactions.
o Both credit and cash sales can be recorded. Includes GST, discounts, etc.
b) Purchase Voucher
o Records purchases of goods and services.
o Both credit and cash purchases can be entered.
c) Payment Voucher
o Records payment transactions, such as payments to suppliers or expenses.
o Cash, bank, or other payment methods can be used.
d) Receipt Voucher
o Records receipts from customers or any other income.
o Can be cash or bank receipts.
e) Contra Voucher
o Used for transactions between cash and bank accounts.
o Typically used for bank deposits or withdrawals.
f) Journal Voucher
o Non-cash transactions like adjustments, provisions, depreciation, etc.
g) Credit Note Voucher
o Records sales returns or adjustments against previous sales.
h) Debit Note Voucher
o Records purchase returns or adjustments against previous purchases.

Mayank singh 02314788823


Step 1: Open gateway of tally and click on “Vouchers”.

Step 2: Click on “Other Vouchers”.

Mayank

Step 3: Here are all other vouchers.

Mayank

Mayank singh 02314788823


B. Voucher creation under single entry and double entry mode.
Tally allows you to create vouchers in two different modes:

a) Single Entry Mode Single Entry mode is simpler and is mainly used for novice users or in
small businesses.
Here, you only need to select one ledger account, either debit or credit, and Tally
automatically balances the entry by showing the other ledger.
Step 1: Open the gateway of tally > Voucher > Change mode

Mayank

Mayank

Mayank singh 02314788823


b) Double Entry Mode Double Entry mode is the default method in Tally. This method requires
you to select both
debit and credit accounts, making it suitable for accountants and businesses where detailed
control of accounts is required. For double entry change, the mode to “double entry mode”.

Mayank

C. Shortcut keys for creating vouchers.


Tally provides several shortcut keys to help users quickly navigate and create vouchers.

Mayank

Mayank singh 02314788823

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