Problem 1.
Journalize the following transactions in Tally:
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 Solution: Create Ledgers: Gateway of tally > Account info > Ledger > Create Record Entries: Gateway of Tally > Accounting Voucher Sr. No
Key
1
F6
2
F4
3
F5
4
F8
5
F9
6
F8
7
F6
8
F5
9
F6
10
F6
11
F4
12
F5
13
F9
14
F8
15
F5
Voucher
Ledger
Cr. Capital Dr. Cash Cr. Cash Contra Dr. Bank Dr. Office furniture Payment Cr. Cash Dr. Cash Sales Cr. Sales Cr. X Purchase Dr. purchase Receipt
Dr. Y Cr. Sales Cr. Y Receipt Dr. cash Dr. X Payment Cr. Cash Cr. Commission Receipt Dr. cash Cr. Interest on bank Receipt deposit Dr. Bank Cr. Cash Contra Dr. Bank Dr. Advertisement Payment Cr. Cash Cr. Cash Purchase Dr. purchase Cr cash Dr. cash Sales Cr. Sales Dr. salary Payment Cr. Cash Sales
Group Capital account Cash in hand Cash in hand Bank account Fixed asset Cash in hand Cash in hand Sales account Sundry creditor Purchase account Sundry debtors Sales account Cash in hand Cash in hand Indirect income Cash in hand Indirect income Bank account Cash in hand Bank account Indirect expenses Cash in hand Cash in hand Purchase account Cash in hand Sales account Indirect expense Cash in hand
Amount 10,000 10,000 15,000 15,000 3,000 3,000 2,500 2,500 2,000 2,000 3,000 3,000 2,000 2,000 1,000 1,000 50 50 100 100 1,000 1,000 500 500 800 800 1,500 1,500 500 500
Problem 2. Record the following transactions in Tally: 1. Commenced business with cash 2. Deposited into bank 3. Purchased goods for cash 4. Sold goods for cash 5. Purchased goods from Anish on credit 6. Sold goods to Bindra on credit 7. Withdraw from bank 8. Paid Anish on account 9. Received from Bindra on account 10. Took loan from Chitra 11. Gave loan to Dipesh 12. Paid salary 13. Cash withdraw from the business for personal use 14. Rent paid to Ekta
Hint: Ledger
Group
Capital
Capital Account
Cash
Cash in hand
Bank
Bank account
Purchase
Purchase account
Sales
Sales account
Anish
Sundry creditor
Bindra
Sundry debtor
Chitra
Sundry creditor
Dipesh
Sundry debtor
Salary
Indirect expenses
Drawings
Capital account
Rent
Indirect expenses
10,000 5,000 3,000 2,500 4,000 4,500 3,000 2,000 2,500 5,000 4,000 1,000 200 1,000
Problem 3.
Record the following transactions in Tally:
Roa and company 1. Bought goods for cash 2. Bought office furniture for cash 3. Paid for postage 4. Purchased goods from Rajkamal 5. Sold goods for cash 6. Bought goods from Rahim 7. Sold goods to Suresh 8. Sold goods to Nayak 9. Purchased goods for cash 10. Recevied cash from Nayak 11. Paid cash to Rahim 12. Returned goods to Ralkamal 13. Suresh returned goods 14. Paid salary 15. Sold goods for cash 16. Rao withdraw for his personel use 17. Paid for stationery 18. Paid rent 19. Received commission Hint:
Ledger Capital Purchase Postage Rajkamal Sales Rahim Suresh Nayak Purchase returns Salary Drawings Stationary Rent Commission
Group Capital account Purchase account Indirect expenses Sundry Creditor Sales account Sundry Creditor Sundry Debtor Sundry Debtor Purchase account Indirect expenses Capital account Indirect expenses Indirect expenses Indirect income
Rs. 2,500 500 10 2,000 150 400 400 250 400 200 50 200 50 150 500 800 100 50 225
Problem 4. Record the following transactions in Tally:
1. Commenced business with cash Rs. 10,000. 2. Purchased goods for cash Rs.3,000. 3. Opened a bank account with Rs.2,000. 4. Purchased stationary Rs.1,00. 5. Purchased furniture Rs.1,000. 6. Sold goods to A Rs.2,000. 7. Purchased goods from B Rs.2,000. 8. Sold goods for cash Rs.1,000. 9. Paid for postage Rs.20. 10. Took loan from C Rs.1,500. 11. Paid rent Rs.300. 12. Withdraw from bank Rs.800. 13. Received from A on account Rs.500. 14. Paid commission by cheque Rs.200. Hint:
Ledger Capital Purchase Bank Purchase Stationary Furniture Sales A B Potage C Rent Commission
Group Capital account Purchase account Bank account Purchase account Indirect expenses Fixed asset Sales account Sundry debtor Sundry Creditor Indirect expenses Sundry Creditor Indirect expenses Indirect expenses
Problem 5. Record the following transactions in Tally:
Haridas and company 1. 2. 3. 4. 5. 6. 7. 8.
Hint:
Started business with cash Rs.10,000,furniture Rs.4,000 and machinery Rs.5,000. Bought goods from Anil on credit Rs. 4,000 and for cash Rs.5,000. Sold goods to Rajesh on credit Rs.5,000 and for cash Rs.3,000. Bought goods from Arun Subject to trade discount of 2% of Rs.2,000. Sold goods to Ramesh subject to trade discount of 5% of Rs.4,000. Paid salary Rs.1,000, printing Rs.150 and wages rs.100. Received rent Rs.500, commission Rs.400. Received a cheque from Ganesh Rs.1,000.
Ledger
Group
Capital
Capital account
Furniture
Fixed asset
Machinery
Fixed asset
Purchase
Purchase account
Anil
Sundry Creditor
Sales
Sales account
Rajesh
Sundry debtor
Arun
Sundry creditor
Ramesh
Sundry debtor
Salary
Indirect expenses
Printing
Indirect expenses
Wages
Direct expenses
Rent
Indirect expenses
Commission
Indirect expenses
Ganesh
Sundry creditor
Trade discount
Indirect expenses
Problem 6. Record the following transactions in Tally:
Rakesh and company 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17.
Started business with cash Rs. 2,000, Bank Rs. 20,000. Issued cheque for goods purchased Rs. 1,000. Bought goods for cash Rs.8,000. Bought furniture from Anil for cash Rs.100. Bought goods from Harish Rs. 1,500. Bought goods from Chandan on credit Rs. 5,800. Returned damaged goods to Chandan Rs.800. Bought goods from Naveen and paid by cheque immediately Rs.400. Sold goods to Gautam Rs. 1,000. Received a cheque from Gautam Rs.1,000 for goods sold. Paid commission Rs.2,000. Paid wages by cheque Rs.4,000. Draw cheque for personal use Rs.4,000. Draw cash for personal use from bank Rs.3,000. Receive a cheque from Manju Rs.2,800. Borrow loan from Anand Rs.1,000. Paid to Anand Loan with interest Rs.1,000.
Hint:
Ledger Capital Bank Purchase Anil Chandan Harish Purchase return Naveen Sales Gautam Commission Wages Drawings Manju Anand
Group Capital account Bank account Purchase account Sundry Creditor Sundry Creditor Sundry Creditor Purchase account Sundry Creditor Sales account Sundry debetor Indirect expenses Direct expenses Capital account Sundry Creditor Sundry Creditor
Problem 7. Record the following transactions in Tally:
1. He commenced business with Cash Rs. 20,000 Building Rs. 5,000 machinery Rs. 5,000. 2. He purchased from john for cash Rs. 6,000 3. He purchased from john for credit Rs. 5,000 (new ref:122 duration: 10 days) 4. He sold John for credit Rs. 3,000 (new ref:123, duration 10 days) 5. He sold to Harish for cash Rs. 3,000 6. He sold to Harish on credit Rs. 4,000 (new ref:145 duration 15 days) 7. He purchased from Harish for credit Rs. 3,000 (new ref: 146, duration 15 days) 8. He paid salary Rs. 3,000 and Wages Rs. 300.
