TALLY LAB B.COM SEMSTER -1

B. Com. (Three Years Degree Program) / B. Com. Honours (Four Years Degree Program)

As per NEP 2020 | Effective from 2023–24

First Year – First Semester

Subject: Accountancy and Business Statistics

Course Details:

• Code of the Course: ABS5000P

• Title of the Course: Financial Accounting Lab

• Qualification Level of the Course: NHEQF Level 4.5

• Credit of the Course: 2

• Type of the Course: Discipline Centric Compulsory Course (DCC) in Accountancy and Business Statistics

• Delivery Type of the Course: Practical, 60 hours. The course includes 60 hours of practical lectures combined with assignments for content delivery, diagnostic assessment, and problem-solving.

Objectives of the Course:

To develop the practical skills of students by equipping them with accounting software, enabling them to be readily available for the real-world accounting environment.

Syllabus:

UNIT-I:

• Company Creation, Account Information, Creating a Group and Ledger

• Managing Groups in Multiple Companies

• Creating Multiple Ledgers

UNIT-II:

• Voucher Entry, Voucher Types, Pre-Defined Voucher Types

• Creating a Voucher Entry Form

• Preparing Ledgers, Forms, and Reports

UNIT-III:

• Accounting Features

• Statutory and Taxation Features: TDS, Goods and Service Tax

• Preparing Trial Balance and Report

UNIT-IV:

• Inventory Features: Inventory Information, Stock Group, Stock Categories

• Stock Items, Unit of Measurement

UNIT-V:

• Inventory Vouchers, Predefined Inventory Vouchers, Inventory Voucher Types

• Inventory Voucher Class, Bill of Material, Locations/Godowns

• Designing Supplier and Customer System for Accounting, Module, and Report

Suggested Readings:

• The suggested readings and guidelines will be notified by the concerned university at least once in three years based on selected software.

Suggested E-resources:

1. Tally Solutions – What is Financial Accounting?

2. Tally Solutions – Learning Hub

3. Tally Help Center

Notes:

1. Teaching arrangements need to be made in the accounting laboratory.

2. The General Purpose Software referred to in this course will be notified by the university department every three years.

3. Practical internal examination and semester-end examination shall be conducted for 20 and 80 marks respectively.

4. Lecture Hours: 20 hours
   Practical in Accounting Laboratory: 100 hours