ICAI

05-06-15 TO 03-07-15

ITT Dept

THE INSTITUTE OF CHARTERED

ACCOUNTANTS
OF INDIA

ICAI BHAWAN
CHENNAI - 600034
Project report submitted by
NAME: T MANNAVAN
SRO NO: SRO0471197
ROLL NO: A84

Submitted in partial fulfilment of requirements for INFORMATION

TECHNOLOGY TRAINING, DEPARTMENT OF ITT ICAI, CHENNAI

Mannavan T

SRO0471197

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THE INSTITUTE OF
CHARTERED ACCOUNTANTS
OF INDIA
ICAI BHAWAN
CHENNAI
600034

DEPARTMENT OF INFORMATION TECHNOLOGY

TRAINING
BONAFIDE CERTIFICATE
This is to certify that the project work is carried out
by
Under my supervision and guidance during the ITT
COURSE.

NAME: MANNAVAN T
REG NO: SRO0471197
ROLL NO: A84

DEPARTMENT OF ITT

Mannavan T

SRO0471197

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ACKNOWLEDGEMENT
Firstly I offer my prayers to the almighty for his blessings, care
and love for this and for the times to come and also I would like to
thank the Institute of Chartered Accountants of India for organizing
this course which served as a vibrant platform for learning the
dynamic area of computers relevant to us.
I wish to express my gratitude to the faculty advisors RAMYA
MAM AND VISHNU SIR for their guidance and valuable advices
during all our classes and for always being generous with their time
in setting us right.
I would like to express my sincere thanks to my family and
friends for supporting me in all occasions and providing me with all
comforts and encouraging me to put my best efforts.
At the completion of my ITT project work in the partial
fulfilment of the requirements to complete the course would like to
thank the Institute of Chartered Accountant of India for keeping this
course and making it extremely convenient for the students to
obtain knowledge from the very renowned institute. I would also like
to thank the Southern India regional Council of ICAI having this
platform created for the students helping them gain new heights in
the field of professionalism.

Mannavan T

SRO0471197

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Mannavan T

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SRO0471197

ITT Dept

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SYSTEM REQUIREMENTS
Hardware Requirements
Intel Pentium 4 and above or equivalent processor, 256 MB
of RAM (512 MB and above is recommended). Minimum 10 MB of
hard disk space to install.
Operating System
The following operating systems of Microsoft support the
project:
MS Windows 98
MS Windows ME
MS Windows NT
MS Windows 2000
MS Windows 2003
MS Windows XP- For Multilingual capacity
Windows Vista
Windows 7
Software Requirements
Microsoft Word
Microsoft EXCEL
Tally ERP 9
Monitor
In order to enjoy effective use of Tally.ERP9, a monitor
having resolution of 1027x768 or higher is recommended.

Mannavan T

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SRO0471197

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Contents
ENTRIES FROM EACH VOUCHER....................................................................................... 7
PURCHASE ENTRY......................................................................................................... 7
SALES ENTRY................................................................................................................ 8
DEBIT NOTE ENTRY....................................................................................................... 9
CREDIT NOTE ENTRY................................................................................................... 10
PAYMENT ENTRY.......................................................................................................... 11
RECEIPT ENTRY........................................................................................................... 12
VAT ADJUSTMENT ENTRY (JOURNAL)...........................................................................13
SALES ENTRY SERVICE INCOME................................................................................14
DELIVERY NOTE ENTRY............................................................................................... 15
SALES ORDER ENTRY.................................................................................................. 16
RENT PAID (TDS)......................................................................................................... 17
TDS PAYMENT ENTRY (ADVERTISEMENT).....................................................................18
STOCK JOURNAL ENTRY............................................................................................... 19
SERVICE TAX - PAYMENT ENTRY.................................................................................. 20
CONTRA ENTRY........................................................................................................... 21
REJECTIONS IN ENTRY................................................................................................. 22
PROFIT & LOSS A/C - DETAILED...................................................................................... 23
BUDGET VARIANCE REPORT........................................................................................... 24
BALANCE SHEET DETAILED.......................................................................................... 25
TRIAL BALANCE - QUARTERLY......................................................................................... 26
OUTSTANDING RECIEVABLES......................................................................................... 27
OUTSTANDING PAYABLES............................................................................................... 28
BANK BOOK WITH BRS BEFORE RECONCILE................................................................29
BRS AFTER RECONCILIATION.......................................................................................... 30
DAY BOOK REPORT FOR 4 DAYS ( 20/11/15 TO 23/11/15 ).............................................31
STOCK SUMMARY REPORT FOR ITEM NO. 1...................................................................32
STOCK QUERY REPORT ( ITEM NO. 4 )...........................................................................33
STOCK MOVEMENT ANALYSIS REPORT ( ITEM NO. 13 )...................................................34
STOCK CATEGORY REPORT ( NOTEBOOK RULED )..........................................................35
GODOWN SUMMARY REPORT ( MAIN GODOWN )...........................................................36
VAT ANNEXURE I.......................................................................................................... 37
VAT ANNEXURE - II......................................................................................................... 38
Mannavan T

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VAT ANNEXURE - III........................................................................................................ 39

VAT ANNEXURE - IV........................................................................................................ 40
SERVICE TAX PAYABLE REPORT....................................................................................... 41
FORM 16 A REPORT........................................................................................................ 42
TDS COMPUTATION REPORT........................................................................................... 43
CASH FLOW REPORT...................................................................................................... 44
FUNDS FLOW REPORT.................................................................................................... 45
COST CENTRE BREAK-UP REPORT.................................................................................. 46
BIG STORE.................................................................................................................. 46
SMALL STORE.............................................................................................................. 46
COST CENTRE LEDGER BREAK-UP REPORT.....................................................................47
GOODS DELIVERED BUT BILLS NOT MADE REPORT........................................................47
SALES ORDER PENDING REPORT....................................................................................49
CONCLUSION.................................................................................................................. 51
BIBLIOGRAPHY............................................................................................................... 52

Mannavan T

SRO0471197

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ENTRIES FROM EACH VOUCHER

PURCHASE ENTRY

Mannavan T

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SALES ENTRY

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DEBIT NOTE ENTRY

Mannavan T

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CREDIT NOTE ENTRY

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PAYMENT ENTRY

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RECEIPT ENTRY

Mannavan T

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VAT ADJUSTMENT ENTRY (JOURNAL)

Mannavan T

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SALES ENTRY SERVICE INCOME

Mannavan T

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DELIVERY NOTE ENTRY

SALES ORDER ENTRY

Mannavan T

SRO0471197

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RENT PAID (TDS)

Mannavan T

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SRO0471197

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TDS PAYMENT ENTRY (ADVERTISEMENT)

Mannavan T

SRO0471197

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STOCK JOURNAL ENTRY

Mannavan T

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SERVICE TAX - PAYMENT ENTRY

CONTRA ENTRY

Mannavan T

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Mannavan T

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SRO0471197

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REJECTIONS IN ENTRY

Mannavan T

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PROFIT & LOSS A/C - DETAILED

A84
Profit & Loss A/c
1-Apr-2015 to 20-Dec-2015
A84

Particulars

A84

1-Apr-2015 to 20-Dec2015

Opening Stock

Particulars
Sales Accounts

Electronics

Income From Market Research

Notebook

Income From Mgmnt

Consultation
Sales 14.5%

Pen
Pencil

Sales 5%

Notebook 200 Pages Ruled

Sales Bills to Make

Purchase Accounts

36625.00
-6125.00

Gross Profit b/f

Purchase 5%

42750.00

Indirect Incomes

Closing Stock
Electronics
Notebook
Pen

11500.00
872175.0
0

Purchase 14.5%

Purchase Bills to Come

1-Apr-2015 to 20-Dec2015
872175.0
0
327125.0
0
500000.0
0
33550.00

821175.0
0

Nett Loss

78825.00

Total

900000.0
0

14375.00
-44250.00
8125.00
19000.00

Pencil

1500.00

Notebook 200 Pages Ruled

1250.00

Gross Profit c/o

821175.0
0
872175.0
0

Indirect Expenses
Advertisement Expenses
Rent Paid
Total

Mannavan T

900000.0
0
500000.0
0
400000.0
0
900000.0
0

SRO0471197

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BUDGET VARIANCE REPORT

Mannavan T

SRO0471197

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BALANCE SHEET DETAILED

A84
Balance Sheet
1-Apr-2015 to 20-Dec-2015
A84
Liabilities

A84

as at 20-Dec-2015

Capital Account

Assets

1500000.00

Fixed Assets

A's Capital

500000.00

Furnitures

B's Capital

1000000.0
0

Land & Building

Loans (Liability)
Bank OD A/c
Current
Liabilities
Duties &
Taxes
Sundry
Creditors

500000.00

Plant &
Machinery
Current Assets

961474.75

Closing Stock

500000.00

as at 20-Dec-2015

132229.75

Sundry Debtors

829245.00

Cash-in-hand
Bank Accounts

800000.00
100000.0
0
500000.0
0
200000.0
0
2082649.75
14375.00
958294.7
5
200000.0
0
938730.0
0

Profit & Loss A/c

Opening
Balance
Current Period

Total
Current Period

Total

Mannavan T

78825.00

2961474.7
5

Total

2961474.7
5

5417729.5
8

Total

5417729.5
8

169843.58

Current Period

Total

78825.00

5910375.0
0

Total

SRO0471197

276054.4
1

5910375.0
0

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TRIAL BALANCE - QUARTERLY

Mannavan T

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OUTSTANDING RECIEVABLES
A84
Bills Receivable
1-Apr-2015 to 20-Dec-2015
Date

Ref.
No.

Party's Name

Pending

(< 30
days )

30 to 45
days

(> 45
days )

Amount
01/04/201
5
03/09/201
5
15/09/201
5
20/09/201
5
25/09/201
5
01/10/201
5
01/10/201
5
22/11/201
5
20/12/201
5

Electronics India Pvt Ltd

35995.00

35995.00

Vishal Distributors

10408.50

10408.50

Arvind Stationary Ltd

8200.00

8200.00

Vishal Distributors

14370.00

14370.00

Arvind Stationary Ltd

32900.00

32900.00

EB

IDEAL Management Ltd

20000.00

20000.00

SALES
1
2

Unique Market Research (P)

Ltd
Electronics India Pvt Ltd

337080.0
0
6297.50

337080.0
0
6297.50

002

Vishal Distributors

11736.25

11736.25

476987.2
5

18033.75

Mannavan T

SRO0471197

458953.5
0

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OUTSTANDING PAYABLES
A84
Bills Payable
1-Apr-2015 to 20-Dec-2015
Date

Ref.
No.

Party's Name

Pending

(< 30
days )

30 to 45
days

(> 45
days )

Amount
01/04/201
5
01/04/201
5
01/04/201
5
01/04/201
5
10/08/201
5
22/11/201
5

Cello Pvt Ltd

4725.00

4725.00

ITC Ltd

6312.50

6312.50

ITC Ltd

5250.00

5250.00

Reynolds India

5250.00

5250.00

Harihant Builders

360000.0
0

Rajiv Menon Pvt

Ltd

360000.0
0
490000.0
0
871537.5
0

Mannavan T

490000.0
0
490000.0
0

SRO0471197

381537.5
0

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BANK BOOK WITH BRS BEFORE RECONCILE

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BRS AFTER RECONCILIATION

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DAY BOOK REPORT FOR 4 DAYS ( 20/11/15 TO 23/11/15 )

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STOCK SUMMARY REPORT FOR ITEM NO. 1

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STOCK QUERY REPORT (ITEM NO. 4)

Name :
Group:
Closing
Balance:
Cost Price :
Costing
Method :
Purchases
Last
Purchased
on :
Date
01/04/2015

Notebook 80 Pages Unruled

Notebook
75.00 Nos

Part No. :
Category:
Closing Value:

25.00/Nos
Avg. Cost

Std. Selling Price :

Market Valuation
Method :
Sales
Last Sold on :

15/09/2015

Party Name

01/04/2
015

ITC Ltd

200.0
0 Nos

25.00/
Nos

Party
Name
ITC Ltd

Qty.

Rate

Disc
%

Amount

Date

200.0
0 Nos

25.00

5000.0
0

15/09/2015

Godown / Batch Details

Godown
Batch
Quantity
Main
Godown
Showroom

Mannavan T

Primary
Batch
Primary
Batch
Total

73.00 Nos
2.00 Nos
75.00 Nos

SRO0471197

Notebook Un
1875.00
40.00/Nos
Avg. Price

Arvind
Stationary
Ltd
Items of the same Category
Item Name
Quantity
Notebook 400
Pages Unruled
Notebook 80 Pages
Unruled
Total

Page 35

100.00 Nos
75.00 Nos
175.00 Nos

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STOCK MOVEMENT ANALYSIS REPORT (ITEM NO. 13 )

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STOCK CATEGORY REPORT (NOTEBOOK RULED )

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GODOWN SUMMARY REPORT (MAIN GODOWN)

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VAT ANNEXURE I

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VAT ANNEXURE - II

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VAT ANNEXURE - III

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VAT ANNEXURE - IV

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SERVICE TAX PAYABLE REPORT

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FORM 16 A REPORT

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TDS COMPUTATION REPORT

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CASH FLOW REPORT

A84
Cash Flow Summary
1-Oct-2015 to 31-Oct-2015
A84
Inflow
Current Assets
Sundry
Debtors

Total

Nett Inflow:

Mannavan T

A84

1-Oct-2015 to 31-Oct2015
300000.0
0
300000.0
0

300000.0
0

Outflow
Current
Liabilities
Sundry
Creditors
Current Assets
Sundry
Debtors
Total

1-Oct-2015 to 31-Oct2015
59470.00
59470.00
281800.0
0
281800.0
0
341270.0
0

41270.0
0

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FUNDS FLOW REPORT

COST CENTRE BREAK-UP REPORT

BIG STORE
Mannavan T

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SMALL STORE

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COST CENTRE LEDGER BREAK-UP REPORT

A84
Cost Breakup of Ledger
1-Apr-2015 to 31-Mar-2016
Ledger: Rent Paid
A84
Particulars

1-Apr-2015
to 31Mar-2016
Closing
Transactions
Debit

Primary Cost Category400000.00

Credit

Balance
400000.00 Dr

Big Store

240000.00

240000.00 Dr

Small Store

160000.00

160000.00 Dr

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GOODS DELIVERED BUT BILLS NOT MADE REPORT

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SALES ORDER PENDING REPORT

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CONCLUSION
In this era of computerized environment there is a great role to
be played by various types of software which makes the work easy
for the personnel in various activities.
Tally, according to the increasing requirements of various
business organizations in the recording and analysing the
transactions is being updated by the software developers from time
to time.
The ERP 9.0 version of Tally is the latest version released by the
software developers which is suitable to the present environment of
book-keeping.
On the submission of this project I hope that it satisfies all your
expectations. I assure you to have worked hard for the completion
of this project.
This has been an important learning curve for me as far as
usage of Tally is concerned. It would not have been possible for me
to have completed this project without the help of our faculty at the
ICAI, Chennai.
Besides, I would like to convey my satisfaction over the
knowledge acquired during the course and intend to put forth my
understanding effectively to add value to my knowledge obtained.
To conclude, I do hope that my project satisfies the requirement
of the course as it has to me.

NAME:MEGHA PERIWAL
Mannavan T

SRO0471197

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REG.N
O: SRO0452124

Mannavan T

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BIBLIOGRAPHY
The following were the sources from which references were
collected.
1. Institute Modules
2. www.tallysolutions.com
3. www.google.com
4. www.icai.org
5. www.yahoo.co.in
6. Inputs from Experts
7. Tally Solutions User Manual

Mannavan T

SRO0471197

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