JOURNAL ENTRY IN TALLY FOR PRACTICING
| Sr. no | Journalize the following transactions: |
| 1 | Mr. K. Sen paid cash to the business as his capital |
| 2 | Sold goods to Roy & Sons for Cash |
| 3 | Purchased goods on credit from Lalani & Co. |
| 4 | Purchased goods earlier from Techton on credit now returned as the goods were of poor quality |
| 5 | Paid monthly salary of Accountant by cheque |
| 6 | Cash withdrawn from business |
| 7 | Borrowed from State Bank for business |
| 8 | Received commission by Cash from Saha & Co. |
| 9 | Paid Salary to Securiity Guard by Cash |
| 10 | Purchased Air Ticket for Office Tour by cheque |
| 11 | Deposited Profession Tax of staff by cash |
| 12 | Paid Tution Fees by cash for proprietor’s son from business |
| 13 | Paid monthly Internet Charges of Office by Cash to Reliance Communications |
| 14 | Proprietor paid Carriage on purchase out of his personal cash |
| 15 | Purchased curtlery sets for office |
| 16 | Purchased petrol for office Motor Car by cash |
| 17 | Paid Telephone bill by Cash |
| 18 | Written off Bad Debt from Sanjoy A/C |
| 19 | Paid Rent by cheque |
| 20 | Deposited Office Cash into Bank |
| 21 | Cheque received from Agarwal & Co. |
| 22 | Purchased 50 Blank CDs for office use and paid by cash |
| 23 | Purchased a table for office by cash |
| 24 | The proprietor of CK & Co. has introduced fresh capital in cash his own Motor Car and his Personal Furniture |
| 25 | Received Cash towards Interest |
| 26 | Sold goods to Mr. X on credit |
| 27 | Paid Wages by Cash |
| 28 | Paid Rent & Taxes by Cash |
| 29 | Paid Samrat now in Cash for goods purchased earlier on credit |
| 30 | Purchased Goods from Hari |
| 31 | Being goods sold to Bhandari returned |
| 32 | Proprietor took away goods for private use |
| 33 | Purchased paper and pencil and used them for office |
| 34 | Invested private fund in business as capital |
| 35 | Paid for the credit purchases from Bharat Trading Co. by cheque |
| 36 | Machinery standing in the books were sold at half the price in cash |
| 37 | Paid Service Tax by cash |
| 38 | Depreciated Building |
| 39 | Transfer the debit balance on Albert A/C to Smith A/C as per tri-partite agreement. |
| 40 | Printed Cash Memo and paid by cash |
| 41 | Received a part by cash in respect of credit sales to Antony last month |
| 42 | Bank advised that an amount of Rs.250 has been collected by them on behalf as dividend |
| 43 | Paid a part by cash towards refund of loan |
| 44 | Sold Old Furniture for Cash |
| 45 | Bought a show case for business by cash |
| 46 | Drew cheque and paid Sujit a creditor |
| 47 | Paid Ram on account by cash |
| 48 | Received cash from the Proprietor as Capital |
| 49 | Paid Salary to the Clerk by cash |
| 50 | Purchased Machinery for Cash |
| 51 | Sold goods to Naren on credit |
| 52 | Received cash from Naren |
| 53 | Paid Barun for the amount due to him and received cash discount |
| 54 | Sold goods to Abtar Singh |
| 55 | An amount due from T. Ghosh became irrecoverable and has to be written off |
| 56 | Paid carriage for goods purchased from Nabin |
| 57 | Purchased a Table Fan in cash |
| 58 | Drew money from Bank for office use |
| 59 | Purchased furniture from Cabinet Co. on credit |
| 60 | Sold Old Machinery for Cash |
| 61 | Paid for Building repair |
| 62 | Bought Postage Stamps |
| 63 | Paid Commission by cash |
| 64 | Proprietor P. Basus Life Insurance Premium was paid out of business fund |
| 65 | Building Materials (in which the business trades) have been used by the proprietor for construction of his personal house. |
| 66 | 20 Bags of cement were distributed as free samples |
| 67 | Mr. Jones whose Account was written off last year paid us 10% of the total amount by cash |
| 68 | A cheque was issued and debited to Mallick & Co. who supplied goods. Since Mallick & Co. has closed its business the cheque has to be cancelled. |
| 69 | Purchased a big signboard for advertisement purpose for cash |
| 70 | Paid Amit by cash and received 10% discount |
| 71 | Received Dividend by cash |
| 72 | Cash paid to business as capital |
| 73 | Received goods returned by Mahmood |
| 74 | Purchased goods from B on credit |
| 75 | Sold goods to Ranjan on credit |
| 76 | Issued a cheque to Remington Ltd. |
| 77 | Paid Baidyanath by cheque and received discount |
| 78 | Proprietor paid for salary of office staff out of his personal bank account |
| 79 | Brought in cash for business |
| 80 | An amount received from Ram but credited to Rahim wrongly |
| 81 | Typewriter purchased but wrongly debited to Plant & Machinery A/C |
| 82 | Adjusted Drawings A/C balance against Capital A/C |
| 83 | Purchased a Machine and paid by cheque. Carriage on the Machine was however paid in cash. |
| 84 | Proprietor enchased his National Savings Certificate and paid a part of it into business. |
| 85 | Paid for normal repair of building |
| 86 | Returned goods to Bunty |
| 87 | Started business with cash and machinery |
| 88 | Paid Travelling Allowance in cash |
| 89 | Received cash from David as loan |
| 90 | Paid wages by Cash for installation of a machine |
| 91 | Bought Machinery on credit from S.R. Trading which also charged 5% of the amount for Freight on delivery. |
| 92 | Received cash from Arun towards interest |
| 93 | Purchased goods from Badal on credit |
| 94 | Sold goods to Sujoy on credit |
| 95 | Repaired Motor Car purchased for office use |
| 96 | Purchased antivirus for office computer by cash |
| 97 | Paid for a Flower Bouquet for inauguration of a Debtors office |
| 98 | Paid photocopy charges by cash |
| 99 | Purchased Tea Bags and Biscuits for office use |
| 100 | Paid cash towards purchase of printer cartridge |
| 101 | Paid by cheque towards AMC of 20 office computers |
| 102 | Purchase 25 Files for office use and paid by cash |
| 103 | Received Interest from Bank A/C |
| 104 | Purchased books from office cash |
| 105 | Received a cheque from Sky Enterprises against service provided |
| 106 | Paid Insurance Premium to LIC by Cash |
| 107 | Paid Conveyance Expenses to Sales Staffs by cash |
| 108 | Sold goods to Mr. B on credit |
| 109 | Withdrawn cash from business for personal requirement of the Proprietor |
| 110 | Purchased a printer for office and paid by cheque |
| 111 | Paid Electricity Bill of office by Cash to CESC Ltd. |
| 112 | Purchased Land for new office building on 01.03.2011 from Premier Properties Ltd. |
| 113 | Provided 10 % Depreciation on Plant & Machinery |
| 114 | Purchased Water Pump for Cash |
| 115 | Returned goods purchased from Ravi as the goods were of poor quality |
| 116 | Purchased a Refrigerator on credit from Vision Electronics |
| 117 | Purchased a keyboard for office use by cash |
| 118 | Cash paid to business as capital |
| 119 | Paid Mobile Telephone Expenses (for office use) of the Proprietor by cash |
| 120 | Sold old news paper for cash |
| 121 | Paid for repairing of Office AC Machine by cash |
| 122 | Purchased Revenue Stamps by office cash |
| 123 | Purchased Motherboard for office computer by cash |
| 124 | Sold goods to X & Co. by cash |
| 125 | Paid Interest to Mr.P by Cheque |
| 126 | Paid Carriage on purchase by Cash |
| 127 | Furniture purchased but wrongly debited to Plant & Machinery A/C |
| 128 | Purchased Forms for office by cash |
| 129 | Started business with cash and furniture |
| 130 | Received payment by cheque for goods sold earlier to Carlson Ltd. |
| 131 | Bank Charges deducted by Bank |
| 132 | Received cash from the proprietor as capital |
| 133 | Goods distributed as free sample |
| 134 | Sold Old Machinery for Cash |
| 135 | Purchased a Computer Table for office use by cash |
| 136 | Drew cheque and paid Raja a creditor |
| 137 | An amount due from Bikash became irrecoverable and has to be written off |
| 138 | Paid towards electrical fittings of office |
| 139 | Purchased a Delivery Van for Official Use and paid by cheque |
| 140 | Purchased goods from Olympus Ltd. and received 10% Discount |
| 141 | Brought in cash for business |
| 142 | Purchased Raw Materials for business by cash |
| 143 | Purchased Computer Software for office by cash |
| 144 | Paid Tiffin Expenses of Auditors by cash |
| 145 | Borrowed from United Bank for business |
| 146 | Paid to A & Co. by cheque for printing of Letter Head |
| 147 | Received commission by Cash from Rogers & Co. |
| 148 | Withdrawn cash from Bank |
| 149 | Deposited cash into Bank |
| 150 | Paid Travelling Expenses for office by cash |
Q. Siya Ram started business with cash 50000
1. Purchased goods for cash 20000
2. Purchased goods from Subhash 12000
3. Purchased furniture for cash 6000
4. Sold goods for cash 13000
5. Sold goods to Mahesh 15000
6. Paid cash to Subhash 8000
7. Received cash from Mahesh 10000
8. Purchased goods from Ravi for cash 7500
9. Purchased goods from Ravi 5000
10. Sold goods to Suresh for cash 12600
11. Sold goods to Suresh 7000
12. Bought Machinery for cash 8000
13. Withdrew cash from office for personal use 2500
14. Paid rent 400
15. Paid wages 450
16. Paid salary to Gopal 1200
17. Received 200
Q. Started business with cash 1,00,000
1. Cash purchased 48000
2. Sold goods to Vasudev 10000
3. Returned defective goods by Vasudev 1000
4. Received cash from Vasudev 8800
5. and Discount allowed 200
6. Chanderkant sold goods to us 20000
7. Pritam Purchased goods from us 12000
8. Paid insurance premium 500
9. Paid for life insurance premium of Sh. Partap Rai 2000
10. Paid cash to Chanderkant 13780
11. and discount allowed by them 220
12. Lent to Mahesh 5000
13. Bought goods from Pawan list price Rs. 15,000 less 20% trade discount
14. Paid to Pawan 8000
15. Received cash from Pritam 6000
16. Paid wages Rs. 400, Advertisement Exps Rs. 250
17. Salaries paid Rs. 1,500
18. Received interest 100
19. Received commission 600
Q. Raghunath started business with cash Rs. 80,000; Goods Rs. 40,000 and Furniture Rs. 20,000
1. Sold goods to Nandlal of the list price of Rs. 20,000 at trade discount of 10%
2. Nandlal returned goods of the list price of Rs. 4,000
3. Received from Nandlal Rs. 14,150 in full settlement of his account
4. Purchased goods from Brij Mohan of the list price of Rs. 10,000 at 15% trade discount
5. Returned goods to Brij Mohan of the list price
6. of Rs.1,000
7. Settled the account of Brij Mohan by paying cash, under a discount of 4%
8. Purchased goods from Anil Rs. 5,000 ; Sunil Rs. 10,000
9. Paid cash to Anil Rs. 1,900 and discount received Rs.100
10. Paid Rs. 9,800 to Sunil in full settlement of his account
11. Bought a Table fan for Rs. 1,200 for the domestic use of Raghunath
12. Sold goods for cash of the list price of Rs. 8,000 at 10% trade discount and 3% cash discount
13. Paid rent Rs. 800 Trade Expenses Rs. 700 and Travelling Expenses Rs. 380
Q. Cash in hand 5000
1. Cash at bank 6000
2. Cheque received from Naresh 3000
3. Discount allowed 100
4. Cheque received from Naresh was deposited into bank
5. Naresh’s cheque dishonoured
6. Cheque paid to Ram 4000 & Discount received 200
7. Cash withdrawn from bank for office use 2000
8. Withdrawn from bank for paying income tax 2500
9. Cheque received from Harish and endorsed it to Shivam on 13th March 4000
10. Given a cheque to Amber for cash purchase of furniture for office use 3000
11. Cash purchase of Rs. 1,500 less 10% trade discount
12. Cheque received for sales of Rs. 10,000 less 10% trade discount cheque was immediately deposited into bank
13. Paid commission by cheque 2000
14. Paid rent 3000
15. Received bank interest 1000
16. Paid bank charges 500
17. Paid into bank the entire balance after retaining Rs. 500 at office.
Assets:- Cash Rs. 15,000;Bank balance Rs. 5,000 ; Stock Rs, 40,000 ; Furniture Rs. 3,600; Debtors Rs. 24,000(X Rs. 6,000; Y Rs. 8,000; Z Rs. 10,000)Liabilities:- Bank Loan Rs. 10,000 ; Creditors Rs. 12,500; (Ajay Rs. 5,000 , Vijay Rs.7,500).
1. Bought goods from Kailash for Rs. 20,000 at a trade discount of 10% and cash discount of 2%. Paid 60% amount immediately
1. Sold goods to X for Rs. 9,000
2. Received Rs. 14,800 from X in full settlement of his account
3. Cash deposit into bank Rs. 10,000
4. Cheque received from Y for Rs. 7,850 in full settlement of his account. This cheque was immediately deposit into bank
5. Received a cheque from Z Rs. 2,000
6. Cheque received from Z deposit into bank
7. Cheque received from Y dishonoured
8. Cash sales Rs. 15,000; Out of this amount Rs. 12,000 deposit into bank
9. Amount due to Ajay paid by cheque
10. Old newespaper sold Rs. 50
11. Old furniture sold Rs. 750
12. Z became insolvent and 40 paise in a rupee cound be received from his estate
13. Purchased goods from Gopal and paid by cheque Rs. 8,000
14. Sold half of the above goods to Chanderkant at a profit of 30% on cost
15. Proprietor withdrew for private use Rs. 2,000 from office and Rs. 3,000 from bank
16. Paid salary to Motilal by Cheque Rs. 2,000
17. Paid rent by cheque Rs. 1,500
18. Paid trade expenses Rs. 500
Q Started business with cash 2,00,000
1. Bought office furniture 30,000
2. Paid into bank to open a current account 1,00,000
3. Purchased a computer and paid by cheque 2,50,000
4. Bought goods on credit from Ritika 60,000
5. Cash sales 30,000
6. Sold goods to Krishna on credit 25,000
7. Cash paid to Mansi on account 30,000
8. Goods returned to Ritika 2,000
9. Stationery purchased for cash 3,000
10. Paid wages 1,000
11. Goods returned by Krishna 2,000
12. Cheque given to Ritika 28,000
Q Commenced business with cash 1,10,000
1. Opened bank account with H.D.F.C. 50,000
2. Purchased furniture 20,000
3. Bought goods for cash from M/s Rupa Traders 30,000
4. Purchased good from M/s Hema Traders 42,000
5. Sold goods for cash 30,000
6. Sold goods on credit to M/s. Gupta Traders 12,000
7. Rent paid 4,000
8. Paid trade expenses 1,000
9. Received cash from Gupta Traders 12,000
10. Goods return to Hema Traders. 2,000
11. Cash paid to Hema Traders 40,000
12. Bought postage stamps 100
13. Paid salary to Rishabh 4,000
Q1. Enter the following transactions in the purchases book. Mar.2012
1. Purchased from Rajendra Bros. Mahendrgarh (Invoice No. 324) 50 tins Ghee @ Rs. 500 per tin 100 bags sugar @ Rs. 900 per bag Less : 10% trade discount
2. Bought from Bhartat Stores, Madurai (Invoice No. 377) 20 bags Gram @ Rs. 300 per bag 10 bags Sugar @ Rs. 1000 per bag 15 bags wheat @ Rs. 400 per bag Less : 10%Trade Discount
3. Bought from Harish Kumar Chaudhary, Kotihar (Invoice No. 390) 10 bag sugar @ Rs. 1000 per bag 30 tins Ghee @ Rs. 400 per tin
Q2. Enter the following transactions in the
1. Purchased from Suresh Gupta, Jaipur (Invoice No. 2680) 100 bags wheat @Rs. 400 per bag 50 bags Gram @ Rs. 450 per bag 200 bags sugar @ Rs. 900 per bag
2. Bought of Virendra Vig. Delhi (Invoice No.2015) 100 bags wheat @ Rs. 400 per bag 100 bags Gram @ Rs. 450 per bag
3. Surendra Gupta, Agra sold to us : (Invoice No. 2950) 100 bags sugar @ Rs. 900 per bagRajesh Kumar, Dehradun sold to us (Invoice No. 350) 200 bags wheat @ Rs. 460 per bag.
Q3. From the following particulars of Baljinder Flour Mills prepare a Sales Book : 2005
1. Sold to Gupta Brothers 90 Bags of Sugar @ Rs. 85 per bag 20 Quintals Rice @ Rs. 300 per quintal Less : 10% Trade Discount
2. Sold to Jugal Furniture House 80 Chairs of Rs. 10 each
3. Sold to M/s Kunal & Sons for cash 30 qtl. wheat @ Rs. 250 per qtl. 40 Tins Oil @ Rs. 150 per tin
4. Sold to M/s Chaman and Company 120 Bags of wheat @ Rs.90 per bag. 30 Tins oil @ Rs. 200 per tin 60 Bags of rice @ Rs. 150 per bag Less: Trade Discount = 15%.
Q4. From the following information of M/s Gajadhar and Sons prepare a Sales Book 2007
1. Sold to Mohan vide invoice No. 325, 40 kg. Assam Tea @ 66 per kg less trade discount of 5%. VAT @ 4%. Freight and Packing charges were separately charged in the invoice at Rs. 352.
2. Sold to Ramanand vide (Invoice No. 426), 5 chests of tea for Rs. 3960 less trade discount @ 10% and VAT is charged @ 12.5%.
3. Sold to Krishna & Sons vide Cash Memo No. 845, 80 kg butter @ Rs. 200 per kg; less trade discount @ 25% and VAT @ 4%. `
4. Sold to Shivhare vide invoice No. 189, 30 packets of Darjeeling Tea @ Rs. 110 per packet less trade discount Rs. 220, charged VAT @ 12.5%.
Q5. Enter the following transactions of Tanuj & Co. in the proper books : 2012
1. Sold on credit to Sethi & Co. (Invoice No. 515) 10 Electronics Iron @ Rs. 25 5 Electric Stoves @ Rs. 15
2. Purchased on credit from Hari & Sons : (Invoice No. 601) 25 Heaters @ Rs. 40 10 Water Heaters @Rs. 20
3. Purchased for cash from Mohan and Co.(Invoice No. 625) 10 Electric Kettles @ Rs. 30
4. Sold to Gopal Bros. on credit : (Invoice No. 648) 10 Heaters @ Rs. 50 5 Water Heaters @ Rs. 25
5. Returned to Hari & Sons : (Debit Note No.650) 5 Heaters, being defective
6. Purchased from Kohli & Co. (Invoice No. 712) 10 Toasters @ Rs. 20 10 Water Heaters @ Rs.30
7. Gopal Bros. returned one water heater as defective. (Credit Note No.425)
Tally Shortcuts
| Shortcut Description F12 Only Press F12 F12 Alt F12 F12 Ctrl F12 Print Alt P Export Alt E Create Ledger ALC Alter Ledger ALA To See Entries (ALL) DD (Display −−−> Daybook −−−> Select Period To See One Ledger DAL (Display −−−> Account −−−> Book Ledger) Important Shortcuts While Passing Entry Make Ledger Alt C Change Ledger Ctrl Enter Enter Enter Ctrl A Calculator Ctrl N To Hide Ledger Alt R To Unhide Ledger Alt U F1 To select a company To select the Accounts Button and Inventory buttons F2 To change the menu period F3 To select the company F4 To select the Contra voucher F5 To select the Payment voucher F6 To select the Receipt voucher F7 To select the Journal voucher F8 To select the Sales voucher F8 (CTRL+F8) To select the Credit Note voucher F9 To select the Purchase voucher F9 (CTRL+F9) To select the Debit Note voucher F10 To select the Reversing Journal voucher F10 To select the Memorandum voucher F11 To select the Functions and Features screen F12 To select the Configure screen ALT + 2 To Duplicate a voucher ALT + A To Add a voucher ALT + C To create a master at a voucher screen (if it has not been already assigned a different function, as in reports like Balance Sheet, where it adds a new column to the report) ALT + D To delete a voucher To delete a master (if it has not been already assigned a different function, as explained above) ALT + E To export the report in ASCII, SDF, HTML OR XML format ALT + I To insert a voucher Alt+H Help Shortcut ALT + O To upload the report at your website Alt+I Insert a voucher / To toggle between Item and Accounting invoice Alt+N To view the report in automatic columns (Multiple Columns at all reports, Trial Balance, Cash/bank books, Group Summary & Journal Reg Alt+U Retrieve the last line which is deleted using Alt+R Alt+Y Register Tally ALT + M To Email the report ALT + P To print the report ALT + R To remove a line in a report ALT + S To bring back a line you removed using ALT + R ALT+ V From Invoice screen to bring Stock Journal screen ALT + W To view the Tally Web browser. Alt+Z Zoom ALT + X To cancel a voucher in Day Book/List of Vouchers ALT + R To Register Tally CTRL + A To accept a form – wherever you use this key combination, that screen or report gets accepted as it is. Ctrl+Alt+B Check the Company Statutory details Ctrl+M Switches to Main Area of Tally Screen Ctrl+N Switches to Calculator / ODBC Section of Tally Screen Ctrl+R Repeat narration in the same voucher type irrespective of Ledger Account Ctrl+T Mark any voucher as Post Dated Voucher Ctrl+Alt+C Copy the text from Tally (At creation and alternation screens) Ctrl+Alt+V To paste the text from Tally (At creation and alternation screens) Ctrl+F9 Select Debit Note Voucher Ctrl+Alt+c (for copy) Ctrl+Alt+v (for paste) Duplicate narration in many Vouchers Ctrl+F6 Rejection In CTRL + B To select the Budget CTRL + C To select the Cost Centre To select the Cost Category CTRL+ E To select the Currencies CTRL + G To select the Group CTRL + I To select the Stock Items CTRL + L To select the Ledger CTRL + O To select the Godowns CTRL + Q To abandon a form – wherever you use this key combination, it quits that screen without making any changes to it. CTRL + Alt + R Rewrite data for a Company CTRL + S Allows you to alter Stock Item master CTRL + U To select the Units Ctrl + V To select the Voucher Types ALT + F1 To close a company To view detailed report To explode a line into its details ALT+ F2 To change the system period ALT + F3 To select the company info menu To create/alter/shut a Company ALT + F4 To select the Purchase Order Voucher Type ALT + F5 To select the Sales Order Voucher Type To view monthly and quarterly report ALT + F6 To select the Rejection Out Voucher Type To change the Sales Order Voucher Type ALT + F7 To select the Stock Journal Voucher Type To accept all the Audit lists ALT+ F8 To select the Delivery Note Voucher Type To view the Columnar report ALT + F9 To select the Receipt Note Voucher Type ALT + F10 To select the Physical Stock Voucher Type ALT + F12 To filter the information based on monetary value CTRL + ALT + F12 Advanced Config PgUp Display previous voucher during voucher entry/alter PgDn Display next voucher during voucher entry/alter ENTER To accept anything you type into a field. To accept a voucher or master To get a report with further details of an item in a report. ESC To remove what you typed into a field To come out of a screen To indicate you do not want to accept a voucher or master. SHIFT + ENTER Collapse next level details SHIFT + ENTER To explode a line into its details CTRL + ENTER To alter a master while making an entry or viewing a report |