Basic Tally

8/13/2019 Basic Tally

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Trial Balance

Debit Credit

Capital AccountSATISH SHAH 50000SATISH DRAWING 10000JITESH DRAWING 10000JITESH SHAH 50000

Bank OD AccountHDFC BANK OVERDRAFT 50000

Secured Loan

TERM LOAN FROM I.D.B.I. 200000

Unsecured Loan

LOAN MRS. SATISH SHAH 30000LOAN MRS. JITESH SHAH 30000

Duties & Taxes

SALES TAX 4000

Current Liabilities

BILLS PAYABLE 10000EXPENCE PAYABLE 4000OUTSTANDING SALARY 2000PROVISION FOR DOUBTFUL DEBTS 2000

Fixed Assets

BUILDING 100000

GARAGE 30000GOODWILL 10000LAND 100000MACHINERY 10000MOTOR CAR 40000PLANT 1 20000PLANT 2 30000

Investment

Trial Balance For 1/4/2010 f Gajanan Enterprises

Particulars



ABC SHARES 8000XYZ DEBENTURES 8000

cash in Hand

PETTY CASH 2000

Stock In Hand

OPENING STOCK 30000

Bank account

BANK OF INDIA 4000HDFC BANK 10000

Current Assets

BILLLS RECIEVABLE 10000

TOTAL 432000 432000



Journal Entries

1 Vaishali and Kanchan Started business with Rs.50000/- and 25000/- cash respectively.voucher type Entry GroupReceipt(F6) Cash a/c-------------Dr 75000 ---

To Vaishali capital A/c 50000 Capital A/cTo Kanchan capital A/c 25000 Capital A/c

2 Purchased Furniture on credit from Keerti Rs. 5000/-voucher type Entry GroupJournal (F7) Furniture A/c -------Dr 5000 Fixed Asset

To Keerti A/c 5000 Sundry Cre

3 Purchase Machinery in cash Rs. 5000/-voucher type Entry GroupPayment(F5) Machinery A/c ----Dr 5000 Fixed Asset

To cash A/c 5000 ---

4 Appointment of telephone Operator on Rs. 2500/- Salary

5 Purchase goods Rs. 7500/-voucher type Entry GroupPayment(F5) Purchase a/c-----Dr 7500 Purchase a

To cash A/c 7500 ---

6 Sold Goods worth Rs. 10000/-voucher type Entry GroupReceipt(F6) Cash a/c------Dr 10000 ---

To Sales a/c 10000 Sales a/c

7 Paid Electricity Rs. 1250/-voucher type Entry GroupPayment(F5) Electricity A/c -----Dr 1250 Indirect Ex

To Cash A/c 1250 ---

8 Paid Rent Rs. 550/-

voucher type Entry GroupPayment(F5) rent a/c -----Dr 550 Indirect Ex

To Cash a/c 550 ---

9 Received Commision Rs. 600/-voucher type Entry GroupReceipt(F6) Cash A/c ----Dr 600 ---

To Commision A/c 600 Indirect Inc



10 Taken Loan From Suchita Rs. 25000/- 2% interest ratevoucher type Entry GroupReceipt(F6) Cash a/c ---Dr 25000 ---

To suchita a/c 25000 Loan(Liabili

11 Given Loan to Medha Rs. 20000 on 4% Interest rate

voucher type Entry GroupPayment(F5) Medha a/c ---Dr 20000 Loans & As

Cash a/c 20000 ---

12 Travelling Expenses Rs 750/-voucher type Entry GroupPayment(F5) Travelling Exp. A/c----Dr 750 Indirect Ex

To Cash a/c 750 ---

13 Paid 5000/- To keerti.voucher type Entry Group

Payment(F5) Keerti A/c ----Dr 5000 ---To Cash a/c 5000 ---

14 2% Interest Paid to suchitavoucher type Entry GroupPayment(F5) Interest (Exp)---Dr 500 Indirect Ex

To cash a/c 500 ---

15 4% Interest Received from Medhavoucher type Entry Group

Receipt(F6) Cash a/c ----Dr 800 ---To Interest (Inc) 800 Indirect Inc

16 Paid Salary to telephone operatorvoucher type Entry GroupPayment(F5) Salary a/c -----Dr 2500 Indirect Ex

To Cash a/c 2500

17 Purchase Computer Rs. 15000/-voucher type Entry GroupPayment(F5) Computer A/c ----Dr 15000 Fixed Asste

To cash A/c 15000 ---

18 Open A/c in Bank of India Rs. 500/-voucher type Entry GroupContra(F4) Bank of India A/c -----Dr 500 Bank Accou

To cash a/c 500 ---

19 Cash Deposit In Bank Rs. 1500/-voucher type Entry Group



Contra(F4) Bank of India A/c -----Dr 1500 ---To cash a/c 1500 ---

20 Cash Withdrawal Rs. 1000voucher type Entry GroupContra(F4) Cash a/c ----Dr 1000 ---

To bank of India a/c 1000 ---

Amount AmountCapital account 75000 Fixed Asstes 25000

Vaishali capital a/c 50000 Computer a/c 15000Kanchan capital a/c 25000 Furniture a/c 5000

Machinery a/c 5000Loans (Liabilities) 25000

Suchita a/c 25000 Current Assets 73350Loans & Advances 20000

Current Liabilities Cash in Hand 52250Sundry Creditors Bank account 1000

Net Loss 1650

100000 100000

AssetsLiabilitiesBALANCESHEET



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Bill Wise Details

1st April 2005

1 Purchase Goods worth Rs 50000/- on credit basis from Soham Bill No. P1

2 Sold Goods worth Rs. 100000/- on credit basis to Omkar Bill No. S1.

3 Purchase Goods worth Rs 40000/- on credit basis from Akshay Bill No. P2

4 Sold Goods worth Rs. 80000/- on credit basis to Sanjay Bill No. S2.

5 Purchase Goods worth Rs 10000/- on credit basis fromSoham Bill No. P3

6 Sold Goods worth Rs. 20000/- on credit basis to Omkar Bill No. S3.

7

8

1st June 2005

1 Paid Rs. 25000/- to Soham, Against Ref. P12 Received Rs. 50000/- from Omkar, Against Ref. S1

3 Paid Rs. 40000/- to Akshay, Against Ref. P2

4 Received Rs. 80000/- from Sanjay, Against Ref. S2

5 Paid to Soham, Bill No. P1 & p3.

6 Received from Omkar, Bill No. S1 & S3.

7

8



Advance Payment

1st April 2005

1 Purchase Goods worth Rs 10000/- on credit basis from Santosh Bill No. P11

2 Paid Advance to Sony Rs. 20000/- for goods ordered Bill No. P12

3 Sold Goods worth Rs. 25000/- on credit basis to Sagar Bill No. S11.

4 Received Advance from Kamal Rs. 50000/- for Goods ordered Bill. No. S12

5 Goods Purchased (Delivered) from Sony worth Rs. 50000/- Bill. No. P12

6 Sold Goods (Delivered) to Kamal worth Rs. 75000/- Bill No. S12

1st June 2005

7 Paid to Santosh Rs. 5000/- Bill No. P11

8 Paid to Sony Advance Payment to be adjusted

9 Paid Balance to santosh Bill. No. P1110 Received Rs. 25000/- from Sagar Bill No. S11

11 Received From kamal Advance Payment to be Adjusted.



Sales & Purchase with Products

Stock Information Ledger Information

Sales Products Sundry Debtors

1 Television Set 1 Videocon International Ltd.2 V.C.R. 2 B.P.L. Ltd3 Chetak Electronics4 Samsung Electronics

Purchase Products Sundry Creditors1 Picture Tubes 5 Samtron Electronics2 Circuits 6 Salora International Ltd.3 Speakers 7 N.E.C. Ltd4 Boxes 8 Mahavir Packaging Ltd.

Unit of measures Instructions

symbol - No's 1 Create ICICI bank a/c with Opening balance Rs.formal name - Numbers 2 Bharat Capital a/c with Opening balance Rs. 53 Loan from ICICI bank with Opening Balance Rs4 Machinery Purchase worth Rs. 5000000/- (Gro

TransactionsSales Transactions (Assume One Month credit )

Date Transactions1-May Sold 900 T.V. Sets @ Rs. 10000/- each to Videocon International Ltd. By Bill No. 1

2-May Sold 1000 V.C.R. @ Rs. 5000/- each to B.P.L. Ltd. By Bill No. 2

1-Jul Sold 500 T.V. Sets @ Rs. 10000/- each to Videocon International Ltd. By Bill No. 32-Jul Sold 900 V.C.R. @ Rs. 4500/- each to B.P.L. Ltd. By Bill No. 4

1-Sep Sold 500 T.V. Sets @ Rs. 10500/- each to Videocon International Ltd. By Bill No. 52-Sep Sold 400 T.V. Sets @ Rs. 10500/- each to Chetak Electronics. By Bill No. 62-Sep Sold 1000 V.C.R. @ Rs. 4500/- each to B.P.L. Ltd. By Bill No. 7

1-Oct Sold 1000 T.V. Sets @ Rs. 10000/- each to Videocon International Ltd. By Bill No.2-Oct Sold 500 V.C.R. @ Rs. 4500/- each to Chetak Electronics, By Bill No. 92-Oct Sold 500 T.V. Sets @ Rs. 10000/- each to B.P.L. Ltd. By Bill No. 10

1-Jan Sold 150 T.V. Sets @ Rs. 10500/- each to Chetak Electronics, By Bill No. 112-Jan Sold 150 V.C.R. @ Rs. 4500/- each & 1000 T.V. sets @ Rs. 10500/- each to Samsu

1-Mar Sold 100 T.V. Sets @ Rs. 10500/- each and 300 V.C.R. Sets @ Rs. 4500/- each to c2-Mar Sold 250 T.V. Sets @ Rs. 10500/- each and 200 V.C.R. Sets @ Rs. 4500/- each to S



Purchase Transactions (Assume Two Month credit )

1-Apr Purchase 1000 Tubes @ Rs. 7000/- each from N.E.C. Ltd. By Bill No. 1012-Apr Purchase 2000 Tubes @ Rs. 1000/- each from Samtron Electronics ltd. By Bill No.

1-Jun Purchase 500 Tubes @ Rs. 7000/- each from N.E.C. Ltd. By Bill No. 1022-Jun Purchase 1000 Circuits @ Rs. 9000/- each from Samtron Electronics ltd. By Bill No

1-Aug Purchase 1000 Tubes @ Rs. 7000/- each from N.E.C. Ltd. By Bill No. 1032-Aug Purchase 2000 Circuits @ Rs. 9000/- each from Samtron Electronics ltd. By Bill No

1-Sep Purchase 1000 Tubes @ Rs. 7000/- each from N.E.C. Ltd. By Bill No. 1042-Sep Purchase 3000 Circuits @ Rs. 9000/- each from Samtron Electronics ltd. By Bill No

1-Dec Purchase 1000 Tubes @ Rs. 7000/- each from N.E.C. Ltd. By Bill No. 1052-Dec Purchase 2000 Circuits @ Rs. 1000/- each from Samtron Electronics ltd. By Bill No

1-Feb Purchase 500 Tubes @ Rs. 7500/- each from N.E.C. Ltd. By Bill No. 106

2-Feb Purchase 1000 Circuits @ Rs. 1000/- each from Samtron Electronics ltd. By Bill No



. 5000000/- (Group - Bank account)00000/- (Group - Capital account) . 5000000/- ( Group - Loans(liability) )

up - Fixed Assets)

8

g Electronics, By Bill No. 12

hetak Electronics, By Bill No. 13amsung Electronics, By Bill No. 14



Cost Centers

EXPENSES (INDIRECT) EXP

Below Rs. 3000/- Cash & Above Rs. 3000/- Bank Below Rs. 3

Office 75% Factory 80%Marleting 25% Stores 10%

Packaging 10%

APRIL 1 Salary to Staff 20000/- APRIL 12 Office Rent 5000/- 21 Electricity Office 5000/- 12 Stationary 1000/- 2

JUNE 1 Salary to Staff 20000/- JUNE 1

1 Electricity Office 5000/- 22 Stationary 300/- 1

2AUG 1 Salary to Staff 20000/-

2 Office Rent 5000/- AUG 11 Electricity Office 5000/- 22 Stationary 500/- 1

2OCT 1 Salary to Staff 20000/-

2 Office Rent 5000/- OCT 11 Electricity Office 4000/- 22 Stationary 1000/- 1

2DEC 1 Salary to Staff 20000/-

1 Purchase of Computer 25000/- DEC 12 Office Rent 5000/- 21 Electricity Office 4000/- 12 Stationary 200/- 2

FEB 12

12



ENSES (DIRECT)

000/- Cash & Above Rs. 3000/- Bank

Wages to Workers 100000/-Factory Rent 25000/-Electricity 20000machinery Servicing charges 2000

Wages to Workers 200000

Factory Rent 15000Electricity 10000machinery Servicing charges 2500

Wages to Workers 100000Factory Rent 35000Electricity 40000machinery Servicing charges 2800



Wages to Workers 100500Factory Rent 25500

Electricity 20500machinery Servicing charges 2050

Basic Tally

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