TALLY PRIME SOLUTION

 Gateway of Tally-Accounts info-ledger-create


Ledger
Group
Opening stock
Stock in hand
Purchase
Purchase account
Purchase return
Purchase account
Fright charges
Direct expenses
Carriage inwards or Purchases
Direct expenses
Cartage and coolie
Direct expenses
Octroi
Direct expenses
Manufacturing wages
Direct expenses
Coal, gas, water
Direct expenses
Oil and fuel
Direct expenses
Factory rent, insurance, electricity, lighting and heating
Direct expenses
Sales
Sales account
Salary
Indirect expenses
Postage and telegrams
Indirect expenses
Telephone charges
Indirect expenses
Rent paid
Indirect expenses
Rates and taxes
Indirect expenses
Insurance
Indirect expenses
Audit fees
Indirect expenses
Interest on bank loan
Indirect expenses
Interest on loans paid
Indirect expenses
Bank charges
Indirect expenses
Legal charges
Indirect expenses
Printing and stationery
Indirect expenses
General expenses
Indirect expenses
Sundry expenses
Indirect expenses
Discount allowed
Indirect expenses
Carriage outwards or sales
Indirect expenses
Traveling expenses
Indirect expenses
Advertisement
Indirect expenses
Bad debts
Indirect expenses
Repair renewals
Indirect expenses
Motor expenses
Indirect expenses
Depreciation on assets
Indirect expenses
Interest on investment received
Indirect income
Interest on deposit received
Indirect income
Interest on loans received
Indirect income
Commission received
Indirect income
Discount received
Indirect income
Rent received
Indirect income
Dividend received
Indirect income
Bad debts recovered
Indirect income
Profit by sale of assets
Indirect income
Sundry income
Indirect income
Loan from others
Loan Liabilities
Bank loan
Loan  Liabilities
Bank overdraft
Bank OD
Bills payable
Current Liabilities
Sundry creditors
Sundry creditors
Mortgage loans
Secured loans
Expense outstanding
Current Liabilities
Income received in advance
Current Liabilities
Other liabilities
Current  Liabilities
Capital
Capital account
Drawings
Capital account
Cash in hand
Cash in hand
Cash at bank
Bank account
Fixed deposit at bank
Deposit
Investments
Investments
Bills receivable
Current asset
Sundry debtors
Sundry debtors
Closing stock
Stock in hand
Stock of stationery
Current asset
Loose tools
Fixed asset
Fixtures and fittings
Fixed asset
Furniture
Fixed asset
Motor vehicles
Fixed asset
Plant and machinery
Fixed asset
Land and building
Fixed asset
Leasehold property
Fixed asset
Patents
Fixed asset
Goodwill
Fixed asset
Prepaid expenses
Current asset
Income outstanding
Current assset
Journalize the following transactions

1.      Commenced business with cash Rs.10, 000.                               
2.      Deposit into bank Rs. 15,000                                                      
3.      Bought office furniture Rs.3,000                                                
4.      Soled goods for cash Rs.2,500                                        
5.      Purchased goods form Mr X on credit Rs.2,000
6.      Soled goods to Mr Y on credit Rs.3,000
7.      Received cash form Mr. Y on account Rs.2,000
8.      Paid cash to Mr X Rs. 1,000
9.      Received commission Rs. 50
10.  Received interest on bank deposit Rs. 100
11.  Paid into bank Rs. 1,000
12.  Paid for advertisement Rs.500
13.  Purchased goods for cash Rs. 800
14.  Sold goods for cash Rs. 1,500
15.  Paid salary Rs. 500

Gateway of tally-Account info-Ledger-Create
Gateway of tally – Accounting voucher
Sl.No
Key
Voucher
Ledger
Group
Type of account
Principles
Amount
1
F6
Receipt
Cr. Capital
Capital account
Personal
Giver
10,000
Dr. Cash
Cash in hand
Real
Comes in
10,000
2
F4
Contra
Cr. Cash
Cash in hand
Real
Goes out
15,000
Dr. Bank
Bank account
Real
Comes in
15,000
3
F5
Payment
Dr. Office furniture
Fixed asset
Real
Comes in
3,000
Cr. Cash
Cash in hand
Real
Goes out
3,000
4
F8
Sales
Dr. Cash
Cash in hand
Real
Comes in
2,500
Cr. Sales
Sales account
Real
Goes out
2,500
5
F9
Purchase
Cr. X
Sundry creditor
Personal
Giver
2,000
Dr. purchase
Purchase account
Real
Comes in
2,000
6
F8
Sales
Dr. Y
Sundry debtors
Personal
Receiver
3,000
Cr. Sales
Sales account
Real
Goes out
3,000
7
F6
Receipt
Cr. Y


Giver
2,000
Dr. cash
Cash in hand
Real
Comes in
2,000
8
F5
Payment
Dr. X


Receiver
1,000
Cr. Cash
Cash in hand
Real
Goes out
1,000
9
F6
Receipt
Cr. commission
Indirect income
Nominal
Credit all income
50
Dr. cash
Cash in hand
Real
Comes in
50
10
F6
Receipt
Cr. Interest on bank deposit
Indirect income
Nominal
Credit all income
100
Dr. Bank
Bank account
Real
Comes in
100
11
F4
Contra
Cr. Cash
Cash in hand
Real
Goes out
1,000
Dr. Bank
Bank account
Real
Comes in
1,000
12
F5
Payment
Dr. Advertisement
Indirect expenses
Nominal
Debit all expenses
500
Cr. Cash
Cash in hand     
Real
Goes out
500
13
F9
Purchase
Cr. Cash
Cash in hand
Real
Goes out
800
Dr. purchase
Cr cash
Purchase account
Real
Comes in
800
14
F8
Sales
Dr. cash
Cash in hand
Real
Comes in
1,500
Cr. Sales
Sales account
Real
Goes out
1,500
15
F5
Payment
Dr. salary
Indirect expense
Nominal
Debit all expenses
500
Cr. Cash
Cash in hand
Real
Goes out
500
To view-         Gateway of tally-Accounts info-Ledger-Multiple ledger Alter-All items      (for ledger)
                        Gateway of tally-Display-Day book-Alt+F1 (to see detail)               (Accounting Voucher)





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In general Accounting is considered as the language of business throughout the world. In a simple term the language is the means of communic...