Basic tally notes
- 1. Provided By https://digitalsolutionnetwork.blogspot.com Basic Tally Notes ,Tally Notes For Beginners https://digitalsolutionnetwork.blogspot.com Basic Tally Notes Before Working With Tally, You Have To Understand The Following Chapter. ------↓ 1. Theoretical And Principles Of Accounting. 2. Practical Accounting. 3. Computerized Accounting. 1. Theoretical And Principles Of Accounting:- Theoretical And Principles Of Accounting, Which We Have Learned In Higher. Secondary (Commerce And B.Com Level)
- 2. Provided By https://digitalsolutionnetwork.blogspot.com Against Any Transaction We Maintain The Following Methods:- - Write The Journal Entry. - Write The Cash Books (If Cash Transaction). - Write The Bank Books (If Bank Transaction) Or Write Into Bank Column In Cash Book. - Write The General Ledger. - Prepare Trial Balance ↓↓↓↓↓↓↓↓↓↓↓ ↓↓↓↓ ↓↓↓↓↓↓↓↓↓↓ Trading, Profit And Loss Account Balance Sheet (Income And Expense Ledgers) (Assets And Liabilities Ledgers) 2. Practical Accounting:- Practical Accounting Is Methods Which Maintain By The Companies. Against Any Transaction We Have Maintain The Following Methods:- - Write The Voucher Entry. - Write The Cash Books (If Cash Transaction). - Write The Bank Books (If Bank Transaction) Or Write Into Bank Column In Cash Book. - Write The General Ledger - Prepare Trial Balance Trading, Profit And Loss Account Balance Sheet (Income And Expense Ledgers) (Assets And Liabilities Ledgers)
- 3. Provided By https://digitalsolutionnetwork.blogspot.com ** Extra Register Will Maintain For The Govt. Authorities Income Tax - Rules And Regulations. Sales Tax - Sales Tax Register, Return, Challan. Pf - Pf Register, Return, Challan. P.Tax - P.Tax Register, Return, Challan. Esi - Esi Register, Return, Challan. Service Tax - Return, Challan. Excise Duty - Return, Challan. 3. Computerized Accounting: Like As Practical Accounting But Books Of Accounts And Final Accounts Will Be Maintained By The Computer Itself Or Automatically:- - Create Ledgers. - Input Voucher Entries (Daily Transactions). - And Books Of Accounts And Final Accounts Will Be Automatically Maintained By Tally Itself. Accounts Books Of Accounts Final Accounts - Cash Book - Trial Balance - Bank Book - Trading, Profit & Loss A/c. - General Ledger - Balance Sheet - All Registers (Purchase Register, Sales Register Etc.)
- 4. Provided By https://digitalsolutionnetwork.blogspot.com *** Before Creating Ledgers In Tally Select The Group Carefully. *** At The Time Of Input The Voucher Entry Select The Appropriate Mode Of Voucher Entry. Modes Of Voucher Entries: - F4 – Contra – Cash Deposited Into Bank And Cash Withdrawn From Bank. - F5 – Payment – Cash And Cheque Payment Including Cash And Bank Purchase. - F6 – Receipts – Cash And Cheque Received Including Cash And Bank Sales. - F7 – Journal – All Non –Cash Transactions (Excluding Credit Sales And Credit Purchase). - F8 – Sales – Only Credit Sales. - F9 – Purchase – Only Credit Purchase. - Alter + F7 – Stock Journal – Stock Transferred And Production Entries. Transactions: (Examples) 1. Business Started With Cash Rs. 1, 00,000/-. 2. Cash Deposited Into Bank Rs. 50000/- 3. Goods (Iron) Purchase For Rs. 52000/- From Xyz And Co. (Iron 5200 Kg.@10.00 Per Kg.) 4. Goods (Iron) Sold For Rs. 80000/- To Abc & Co. (Iron 4000 Kg. @ 20.00 Per Kg.) 5. Traveling Exp. Paid To Mr. Das For Rs. 800/- By Cash 6. Salary Paid By Cheque To Mr. X For Rs. 9000/- 7. Machinery Purchased By Cash Rs. 25000/- 8. Goods (Iron ) Purchased By Cash For Rs. 10000/- (Iron 1000kg.@10.00 Per Kg.)
- 5. Provided By https://digitalsolutionnetwork.blogspot.com 9. Goods (Iron) Sold By Cheque For Rs. 20000/- (Iron 1000 Kg. @ 20.00 Per Kg.) 10. Depreciation Written Off @ 10% On Machine. Solution:- Journals Group Mode Of Voucher Entry Cash Dr To Capital - Cash In Hand - Capital F6 Bank Dr To Cash - Bank Account - Cash In Hand F4 Purchase Dr To Xyz & Co. - Purchase Account - Sundry Creditor F9 Abc & Co. Dr To Sales - Sundry Debtors - Sales Accounts F8 Traveling Expenses Dr To Cash - Expenses(Indirect) - Cash In Hand F5 Salary Dr To Bank - Expenses(Indirect) - Bank Account F5 Machinery Dr To Cash - Fixed Assets - Cash In Hand F5 Purchase Dr To Cash - Purchase Account - Cash In Hand F5 Bank Dr To Sales - Bank Account - Sales Accounts F6 Depreciation To Machinery - Expense (Indirect) F7
- 6. Provided By https://digitalsolutionnetwork.blogspot.com ** Two Ledgers Will Not Be Created In Tally I.E. Cash Accounts And Profit And Loss Accounts.Because These Two Ledgers Are Automatically Created By Tally Itself At The Time Of Creation Of Company. - Fixed Assets
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