Question

Record the following transactions in Tally.

1. Devi commenced a business with a capital of ₹ 4,00,000
2. An account was opened with Indian Bank and deposited ₹ 60,000
3. Purchased furniture by paying cash ₹ 15,000
4. Goods purchased on credit from Sumathy for ₹ 50,000
5. Cash sales made for ₹ 10,000
6. Goods purchased from Raja for ₹ 5,000 and paid by cheque
7. Goods sold to Arun on credit for ₹ 70,000
8. Money is withdrawn from bank for office use ₹ 25,000
9. Part-payment of ₹ 30,000 made to Sumathy by cheque
10. Arun made part payment of ₹ 10,000 by cash
11. Salaries paid to staff through ECS ₹ 36,000
12. Carriage on purchases of ₹ 6,000 paid by cash
13. Purchased computer from Muthu Ltd. on credit ₹ 44000.

Answer 1

S.No	Particulars	Debit Rs.	Credit Rs.	Voucher type	Group
1	Cash A/c   Dr.	4,00,000		Receipt	Cash in hand
	To Devi's capital A/c		4,00,000	Voucher	Capital A/c
2	Indian Bank A/c   Dr.	60,000		contra	Bank A/c
	To Cash A/c		60,000	Voucher	Cash in hand
3	Furniture A/c   Dr.	15,000		Payment	Fixed Assets
	To Cash A/c		15,000	Voucher	Cash in hand
4	Purchases A/c   Dr.	50,000		Purchase	Purchases A/c
	To Sumathi's A/c		50,000	Voucher	Sundry crsA/c
5	Cash A/c   Dr.	10,000		Receipt	Cash-in-hand
	To Sales A/c		10,000	Voucher	Sales A/c
6	Purchases A/c   Dr.	5,000		Purchase	Purchases A/c
	To Bank A/c		5,000	Voucher	Bank A/c
7	Arun's A/c   Dr.	70,000		Sales	Sundry Debtors
	To Sales A/c		70,000	Voucher	Sales Account
8	Cash A/c   Dr.	25,000		Contra	Cash in hand
	To Bank A/c		25,000	Voucher	Bank A/c
9	Sumathi's A/c   Dr.	30,000		Payment	Sundry Creditors
	To Bank A/c		30,000	Voucher	Bank A/c
10	Cash A/c   Dr.	10,000		Receipt	Cash in hand
	To Arun's A/c		10,000	Voucher	Sundry Debtors
11	Salaries A/c   Dr.	36,000		Payment	Indirect Expenses
	To Bank A/c		36,000	Voucher	Bank A/c
12	Carriage on purchase A/c    Dr.	6,000		Payment	Direct Expenses
	To Cash A/c		6,000	Voucher	Cash in hand
13	Computer A/c   Dr.	44,000		Payment	Fixed Assets
	To Muthu Ltd A/c		44,000	Voucher	Sundry Creditors A/c

Following Steps are to be followed to enter the transactions in Tally ERP 9-

• To Create Company:
  Company Info > Create Company
  Type the Name as Devi and keep all other fields as they are and choose. “Yes” to accept
• To maintain accounts only:
  Gateway of Tally > Fll Accounting Features > General > Maintain Accounts only: Yes > Accept Yes
• To Create Ledger Accounts:
  Gateway of Tally > Masters > Accounts Info > Ledgers > Single Ledger > Create

1. To Create Devi’s Capital A/c
   Name: Devi’s Capital A/c
   Under: Capital Account
   Accept: Yes
2. To Create Indian Bank A/c
   Name: Indian Bank A/c
   Under: Bank Accounts
   Accept: Yes
3. To Create Furniture A/c
   Name: Furniture A/c
   Under: Fixed Assets
   Accept: Yes
4. To Create Purchases A/c
   Name: Purchases A/c
   Under: Purchase
   Accept: Yes
5. To Create Sumathy A/c
   Name: Sumathy A/c
   Under: Sundry Creditors
   Accept: Yes
6. To Create Sales A/c
   Name: Sales A/c
   Under: Sales Account
   Accept: Yes
7. To Create Aran A/c
   Name: Aran A/c
   Under: Debtors A/c
   Accept: Yes
8. To Create Salaries A/c
   Name: Salaries A/c
   Under: Indirect Expenses
   Accept: Yes
9. To Create Carriage A/c
   Name: Carriage A/c
   Under: Direct Expenses
   Accept: Yes
10. To Create Computer A/c
    Name: Computer A/c
    Under: Assets A/c
    Accept: Yes
11. To Create Muthu Ltd A/c
    Name: Muthu Ltd A/c
    Under: Sundry Creditors
    Accept: Yes

To enter transactions through vouchers-

Gateway of Tally > Transaction > Accounting vouchers

1. Devi commenced a business with a capital of Rs.4,00,000
   F6: Receipt Voucher Accounts: Cash
   Particulars: Devi’s Capital A/c (Choose from List of Ledger Accounts)
   Enter the Amount of Capital of Rs. 4,00,000
   Narration: Capital introduced.
   Accept: Yes
2. An Account was opened with Indian Bank and deposited Rs. 60,000
   F4: Contra Voucher Accounts: Indian Bank
   Particulars: Cash
   Amount: Rs. 30,000
   Narration: Opened Bank Account in Indian Bank
   Accept: Yes

3. Purchased furniture by paying cash Rs. 15,000
   F5: Payment Voucher Account: Cash
   Particulars: Furniture A/c
   Amount: Rs. 15,000
   Narration: Furniture bought by cash
   Accept: Yes

4. Goods purchased on credit from Sumathy for Rs. 50,000
   F9: Purchase Voucher Party’ A/c,
   Name: Sumathy A/c
   Particulars: Purchase A/c
   Amount: Rs. 50,000
   Narration: Goods purchased on credit from Sumathy
   Accept: Yes

5. Cash Sales made for Rs. 10,000
   F8: Sales Voucher Account: Cash
   Particulars: Sales A/c
   Amount: Rs. 10,000
   Narration: Cash Sales made
   Accept: Yes

6. Goods purchased from Raja Rs. 5,000 and paid by Cheque
   F9: Purchase Voucher
   Account: Bank
   Particulars: Purchase A/c
   Amount: Rs. 5,000
   Narration: (Bank) Purchase by cheque

7. Goods sold to Arun on credit for Rs. 70,000
   F8: Sales Voucher Party A/c
   Name: Arun A/c
   Amount: Rs. 70,000
   Narration: Goods sold on credit to Arun
   Accept: Yes

8. Money withdrawn from bank for office use Rs. 25,000
   F4: Contra Voucher
   Account: Cash
   Particulars: Indian Bank
   Amount: Rs. 25,000
   Narration: Cash withdrawn from bank
   Accept: Yes

9. Part Payment of Rs. 30,000 to Sumathy by Cheque
   F5: Payment Voucher Account: Indian Bank
   Particulars: Sumathy A/c
   Amount: Rs. 30,000
   Narration: Payment made to Sumathy by Cheque
   Accept: Yes

10. Salaries paid to staff through ECS Rs. 36,000
    F5: Payment Voucher
    Account: Indian Bank
    Particulars: Salaries A/c
    Amount: Rs. 36,000
    Narration: Salaries paid through ECS
    Accept: Yes

11. Carriage of Rs. 6,000 paid by cash
    F5: Payment Voucher Account:
    Cash
    Particulars: Carriage A/c
    Amount: Rs. 6,000
    Narration: Carriage paid by Cash
    Accept: Yes

12. Purchase computer from Muthu Ltd. on credit Rs. 44,000
    F7: Journal Voucher
    Particulars: Computer Amount Rs. 44,000 To Muthu Ltd Amount: Rs. 44,000
    Narration: Computer bought on credit from Muthu Ltd.
    Accept: Yes

To view reports:

1. To view Trial Balance
   Gateway of Tally > Reports > Display > Trial Balance > Alt FI (detailed)
2. To view Profit and Loss Account
   F10: A/c Reports > Profit and Loss A/c > Alt FI (detailed) (or)
   Gateway of Tally > Reports > Profit and Loss A/c Alt FI (detailed)
3. To view Balance Sheet
   F10: A/c Reports > Balance Sheet > Alt FI (detailed) (or)
   Gateway of Tally > Reports > Balance Sheet > Alt FI (detailed)
4. To view Ratio Analysis
   F10: A/c Reports > Ratio Analysis (or)
   Gateway of Tally > Reports > Ratio Analysis
5. To view Day Book
   F10: A/c Reports > Day Book> Alt FI (detailed) (or)
   Gateway of Tally > Reports > Display > Day Book > Alt FI (detailed).