Accounting Question (Tally) 1.4.08 Started business to cash - 1,00000=00. 2.4.08 Purchase furniture Rs- 3300 to cash . 3. 4. 08 Purchase Electric equi!ent Rs -23"0 to cash. 4. 4.08 Purchase #ood sold to cash Rs- "0,"00=00 . ". 4. 08 $en %an& 'ccount in S%( )anu!an *a#ar and deosit cash Rs",000=00. +. 4. 08 oods sold to cash Rs- 3300=00. . 4. 08 Purchase #ood fro! Ra!an Rs- 12"00=00. 8. 4. 08 ood sold to sha! to cash Rs - 1","00 =00 . /. 4. 08 Paid frei#ht Rs-120=00 to cash. 10. 4. 08 Paid Rent to cash Rs- 100=00. 11.4. 08 Paid Electric char#e Rs-2"0=00. 12.4.08 Paid $ther Eenses "00= 00. 13.4.08 Paid obile Rechar#e 1"0=00.
2nd Step Give a Journal Entry in the Book of Raman & Company and classify all Ledger ccount!Journal Ledger" 2.".8 2.".8 %an& %an& 'ccount 'ccount in in central central %an& %an& and deosit deosited ed cash cash Rs-",0 Rs-",000= 00=00. 00. 3.".8 3.".8 hequ heque e deo deosit sited ed in in to %an %an& & Rs-2" Rs-2",0 ,000 00=00 =00.. 4.".8 4.".8 Purch Purchas ase e urni urnitur ture e to cash cash Rs-2 Rs-2," ,""0 "0=00 =00.. ".".08 Purchase #oods tocash Rs- 2","00=00. +.".08 oods sold to cash Rs-20,300=00. .".8 .".8 Paid Paid rei rei#h #htt to cash cash Rs-1 Rs-1"0 "0=0 =00. 0. ."./ ."./ Paid Ra!an Ra!an Start Started ed %usiness %usiness to cash cash Rs-",00 Rs-",000 0 and and chequ cheque e Rs2",000=00 . 8.".8 8.".8 Rent Rent to cash cash Rs-1, Rs-1,00 000= 0=00 00.. /.".8 /.".8 Paid Paid !obile !obile recha rechar#e r#e cash cash Rs -1"0 -1"0=0 =00. 0. 10.".08 Paid $ther Eenses Rs -210=00. 11.".08 Purchase Electric Equi!ent to cash Rs- 3,100 . 12.".08 Purchase #oods ro! Rohan Rs- 2",300=00. 13.".08 oods Sold to dinesh Rs-20,100=00 . 14.".08 ash Receied ro! dinesh Rs-20,000=00. 1".".08 ash Paid to Rohan Rs- 20,000=00.
(n the %oo&s of 5 co!an for the !onth of 6une. 7Period -200-2008 1.+.8 1.+.8 9 Start Started ed %us %usine iness ss to cash cash Rs-1 Rs-1,00 ,0000 000=0 0=00. 0. 2.+.8 2.+.8 Purch Purchase ase urni urnitur ture: e: it iture ure Rs- ",32" ",32"=0 =00 0. 3.+.8 3.+.8 Purch Purchase ase Elect Electric ric Equ Equi i!en !entt Rs-2, Rs-2,"2 "2"= "=00 00.. 4.+.8 4.+.8 Purch Purchase ase #ood #oods s to to cash cash Rs-3 Rs-3,"0 ,"00= 0=00 00.. ".+.8 ".+.8 Purchas Purchase e #oods #oods fro! Ra!an Ra!an Rs-20 Rs-20,000 ,000=00 =00 ;ee&l ;ee&l.. +.+. +.+.8 8 ood ood sold sold to cash cash 10,3 10,300 00=0 =00. 0. .+.8 .+.8 oods oods sold sold to a#a a#an n Rs - +,000= +,000=007' 007'ro ro dail dail . 8.+.8 8.+.8 ash ash aid aid to to Ra!an Ra!an
#undamental of ccounts Accounting is created by double Entry System . Created by LUCAS PACIOLI in year 1494. Advantage! All "ransaction t#o As$ect. %ebit &&&&&&&&&&&&&&&&&&&&&&&&&&&
%ebitom
Craditom
'rance Language %ebitor(s
Cradit
'rance Creditor(s
Language
)*at is %ebit+ Ans! Increase in all Assets ,E-$enses and Losses and %ecrease in all ca$ital Liability gain is called debit . /)*at is Credit+ Ans! Increase in all ca$ital liability gain and decrease in all Assets E-$enses and Losses is called credit. Assets. Long time 0eturning value goods is called Assets. "*ere are t*ree ty$es o Assets. 2i3 'i-ed Assets! %e$reciable Assets is called 'i-ed Assets. E-! 'urniture 'i-ture , Losse "ools, Electronic Electric, oods, Any ty$es o ve*icles , etc. 2ii3 Current Assets! 'la-uting Assets is called current Assets. E-! Sundry debitor(s , stoc5 in *and, Loan Liability, de$osit2'i-ed de$osite3, cas*!at ban5, cas*!in *and . 2iii3 'ictitious Assets! 'i-ed value Assets6 not de$reciable Assets is called 'ictitious Assets . E-! old ,Silver, Stone, and Land etc. /E-$ences! Any "y$es o E-$ences, "*ere are t*ree ty$es o e-$enses! 2i3 %irect E-$enses! Ater $urc*ase 0elated E-$enses beore godo#n is called direct e-$enses. E-! 'reig*t, #ages, labour c*arge,carriage in #ard, tras$oration, etc. 2i3 Indirect E-$enses! Any ty$es o oice management releted e-$enses is called indirect e-$ences. E-! 0ent, salary, tele$*one mobile e-$enses, electricity c*arge, ot*er e-$enses, general e-$enses, ne#s $a$er, and $eriodicals, travalling etc. Income! 2i3
2ii3
%irect income! Purc*ase related income is called direct income. 7 Cas* discount, "rade discount. Indirect income! 8anagements, ban5 git ob #or5,etc. releted income is called indirect
income. E-! Commission, it, :an5 Intrest etc.
Losss Loss o ire, loss o git, loss by bra5age, loss by li5age, loss by dimage, loss by e-$iry, loss by train ,loss by trans$ort etc. Ca$ital 'irst time money invested by o#ner against started ne# business is called ca$ital. Liability Payment dues business is called liability. 2i3 Current liability! Sundry craditor(s, $rovision, duties and ta-es, 2ii3 Loan liability ! :an5 overdrat, secured loan, unsecured loan, ain! Income o source. )*at is Account+ Accont is an art o recording, classiying and summarising o all transaction in t*e terms o money in s$eciic $eriod. "*ere are t*ree ty$es o account 213 Personal Account 2;3 Im$ersonal Account 2i3 Personal Account! Persons releted account is called $ersonal account. "*ere are t*ree ty$es o $ersonal account. 2i3
%ebit t*e receiver and credit t*e giver?. 2ii3 0eal Account! >%ebit #*at comes in and credit #*at goes . debit all e-$enses losses and credit all incomes gain? Ledger! Ledger is t#o classiication o all account *ead. Ledger is mont*ly creation ,one time one ledger creation. Ledger Format
Date st
1
30th
Particular To
$o Balance c%d (" )
L.F
Amount
Date st
1
xxx
30th
Particular By
By Balance c!
L.F
Amount
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# C6d 7 Carried %o#n , :6d 7 :roug*t %o#n Cas*, Ca$ital, 'reig*t, Electric E@ui$ment,:an5, Sales, 0aman, S*yam, 'urniture, 0ent, Electric C*arge, Ot*er E-$enses, 8obile 0ec*arge etc. rou$ o Account "otal
'ormat! In t*e boo5s o 2com$any
%r $articular "o o$ening stoc5 "o $urc*ase --0eturn det #ard !!!!!!!!! Loss $urc*ase return %irect E-$enses ross $roit 2!3 2:alance c6d 3
Cr Amount H-H-H----
Particular :y Sales --0eturn in #ard !!!!!!!!!! 2Loss sales return3!!!!!! :y direct income :y dirrag goods :y closing stoc5 :y gross loss 2!3
Amount
H-H-H---H--
ross loss 2:alance b6d 3 "o indirect e-$enses "o
H-H----
:y gross $roit 2:alance b6d 3 :y indirect income :y
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:alance s*eet In t*e boo5s o 2 !com$any name!!! 3 As on 2!!date!!!!!!!!!!!3 Ca$ital Liability Ca$ital --
Amount 0s
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Assets $ro$erties 0s 'i-ed Assets Loss de$recitation Investment 8iscellancous E-$enses !!!!!!!!!! Current Assets
"ally "ally is a com$uterised Accounting System. It is based on double entry system. Advantage Starting rom "ally version . "ally 4.F %os mode ,, 4.B ,, Account only ,, B.F )indo#s :ased ,, B.4 ,, Account only!Account #it* in Inventory6 Inventory only ,, D.F ,, 8ultiuser2Internet 'acility3 ,, D. ,, Internet"a- 'acility ,, D. ,, old6 Silver ,, .; ,, JA"6 "%S ,, .1 ,, JA"6 "%S6 Servics "a,, 9.F ,, JA"6 "%S6 Servics "a- 6,Easy "o use o$tion dis$lay. S*ortcut 5ey Esc! "o bac5 one ste$ o$tion screen. Enter! 'inis*ed all o$tion.
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:ac5 s$ace! :ac5 one ste$ o$tion. U$6do#n2Arro# Key3 ! Select any o$tion. Page u$ ! :ac5 one ste$ vouc*er screen. Page do#n! Ater one ste$ vouc*er screen. '1! Select com$any . Alt '1! S*ut com$any6 %etail dis$lay . ';! C*ange date . Alt ';! C*ange $eriod . Alt'! Com$any inormation screen6Create. Ctrl8 ! Activate gate#ay o tally Ctrl< ! Activate calculator Ctrl0 ! 0e$eat last ledger name AltP ! Print any screen AL"C! %irect create any vouc*er mode CtrlA ! Save any data Alt%! %elete any selected ledger 6 vouc*er Entry . Jouc*er 5ey '4 ! Contra vouc*er& use only ban5 de$osit related entry. 'B ! Payment vouc*e&&&& use only cas*6ban5 $ayment related entry. 'D ! 0ecei$t vouc*er &&&& use only cas* 6 c*e@ue received related entry . ' ! ournal vouc*er &&&&& use only adustment related entry . ' ! Sales vouc*er &&&&&& use only cas* 6 credit sales related entry . '9 ! Purc*ase vouc*er &&&&& use only cas* 6 credit $urc*ase related entry
)or5 on "ally Account only 2i3 Com$any creation 2ii3 Jie# grou$ detail 2iii3 rou$ creation 2iv3 Ledger creation 2v3 Satting 2'1 '1;3 2vi3 Jouc*er 5ey 2vii3 %is$lay 7 "rail :alance 2viii3 Proit Loss Account 2i-3 :alance S*eet etc. O$en "ally %ouble clic5 let mouse button on t*e des5to$ "ally .; Fr, 0ig*t clic5 7 o$en on t*e "ally .; Icon Fr, Select "ally Icon on t*e des5to$ screen and $ress enter 5ey. Fr, "o o$en "ally screen. Closing "ally Press >M? and again $ress enter 5ey, Fr >y? 5ey. Or, Select Muit and $ress >y?, or Enter 5ey. Or, Press ESC 5ey and again $ress >y?, or Enter 5ey .
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1;!A$ril! ;FF ate#ay o "ally
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Current $eriod Current date 1.4.F to1..F 1.4.F List o select com$any
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ate #ay o "ally 8aster, Account Ino. Inventory Ino. Im$ort o data. Accounting Accounting vouc*er Inventory vouc*er 0e$ort Proit Loss Account :alance S*eet Stoc5 Summary 0ation Analysis %is$lay 8ulti Account Printing Ctrl <
'; ' '4 'B 'D ' ' '9 '1F:utton bar '11 '1;
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Create Com$any Press Alt' 7 "o o$en com$any Ino. Select create com$any 2$ress enter 5ey3 In$ut com$any detail and acce$t?y? ,or 2$ress enter 5ey3 Use enter 5ey to ne-t $otion.
Com$any Ino. Select com$any S*ut Com$any Create Com$any Alter :ac5 round 0estore
Create Com$any Location c6 "ally 6 %ata
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Jie# grou$ detail ate#ay o tally 7 select Account Ino.2$ress enter 5ey3 Select 7grou$ detail 2$ress enter 5ey3 ate#ay o "ally Select > single grou$ dis$lay? 2$ress ente 5ey3 Com$any Ino. O$en list o grou$ subgrou$ name 2$ress enter 5ey3 rou$ "o o$en selected grou$ detail . Ledger Jie# details o grou$ 7 $ress ESC Key. Jouc*er "y$e Muit rou$ rou$ Creation Single grou$ ate#ay o "ally 7 select Account Create Ino.2$ress enter 5ey3 %is$lay Select grou$ 2$ress enter 5ey 3 Alter Select single grou$ >create? 2$ress 8ulti$le grou$ enter 5ey3 Create %is$lay Alter Muit
O$en grou$ creation screen 7 In$ut grou$ detail and acce$t >y? or, enter 5ey. rou$ creation
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rou$ Altering ate#ay o tally 7select account ino. 2$ress enter 5ey3 Select grou$ 2$ress enter 5ey 3 Select single grou$ alter 2$ress enter 5ey 3 O$en list o grou$ 7 select grou$ name 2$ress enter 5ey3 enter 5ey O$en grou$ altering screen 7 modiy any detail and acce$t >y? or, rou$ Altering
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