1. The document records various transactions made by Idhayam of Kumbakonam from January 1-31, 2010. These include starting the business with Rs. 180,000 cash, purchases and sales made for cash and credit, payments to creditors and expenses, and depreciation and bad debt allowances.
2. Journal entries are made for each transaction, debiting and crediting the appropriate accounts.
3. The document instructs to view the day book and individual ledger accounts in Tally Gateway to see details of each transaction recorded from January 1-31, 2010.
Through this video you will learn Manual Journal Entry Concept in Tally ERP9. Journal entry is an entry to the journal. Journal is a record that keeps accounting transactions in chronological order, i.e. as they occur. Ledger is a record that keeps accounting transactions by accounts. Watch this full video by attitude academy.
Through this video you will learn Manual Journal Entry Concept in Tally ERP9. Journal entry is an entry to the journal. Journal is a record that keeps accounting transactions in chronological order, i.e. as they occur. Ledger is a record that keeps accounting transactions by accounts. Watch this full video by attitude academy.
Department of Computer Application- AIM AND OBJECTIVES of Tally
INTRODUCTION TO TALLY
Tally Solutions Pvt. Ltd.
DIFFERENT TALLY VERSIONS
ADVANTAGES OF TALLY
FEATURES OF TALLY
Accounting without codes
Comprehensive coverage
Outstanding
Interest Calculations
Cost / Profit center
Number of companies
Currency
Budgeting
Security Control
Printing of various documents
Import / Export of data
GATEWAY OF TALLY MENU
CREATION OF COMPANY
SELECT COMPANY
The Financial Year Information
I HAVE DONE A PROJECT ON ONLINE BANKING IN INDIA WITH RBI GUIDLINES AND IMPLEMENTATION OF ONLINE BANKING IN INDIA WITH BOTH PRIMARY AND SECONDARY DATA ANALYSIS.
TallyPrime is a complete business management software for small and medium business. TallyPrime helps you manage accounting, inventory, banking, taxation, banking, payroll and much more to get rid of complexities, and in turn, focus on business growth.
INTRODUCTION
A computerized accounting system is a software program that is stored on a company's computer, network server, or remotely accessed via the Internet and it can be a great benefit for a business. It can help streamline accounting steps and help minimize errors.
you would have realized that although computerized accounting systems are labour -saving, it is not without disadvantages. An accountant is not made redundant with the introduction of computerized accounting but his job scope is redefined such that he is able to add value to the managing of the organization concerned.
CONCLUSIONS
Developments of computer accounting
Specialized Software
In the most general terms, CAATs can refer to any computer program utilized to improve the audit process.(Computer Assisted Auditing Techniques)
Generally, however, it is used to refer to any data extraction and analysis software.
This would include programs such as spreadsheets (e.g. Excel), databases (e.g. Access), statistical analysis (e.g. SAS), business intelligence (e.g. Crystal Reports and Business Objects), etc.
Tally 9 is the most powerful Business Accounting Software, Best for simple, Instant as well as Advanced financial MIS
Best Inventory & Statutory MIS
Simple input capabilities
Easy-to-use interface
Tally 9, designed exclusively to meet the needs of small businesses, is a fully integrated, affordable and highly reliable business accounting software.
Department of Computer Application- AIM AND OBJECTIVES of Tally
INTRODUCTION TO TALLY
Tally Solutions Pvt. Ltd.
DIFFERENT TALLY VERSIONS
ADVANTAGES OF TALLY
FEATURES OF TALLY
Accounting without codes
Comprehensive coverage
Outstanding
Interest Calculations
Cost / Profit center
Number of companies
Currency
Budgeting
Security Control
Printing of various documents
Import / Export of data
GATEWAY OF TALLY MENU
CREATION OF COMPANY
SELECT COMPANY
The Financial Year Information
I HAVE DONE A PROJECT ON ONLINE BANKING IN INDIA WITH RBI GUIDLINES AND IMPLEMENTATION OF ONLINE BANKING IN INDIA WITH BOTH PRIMARY AND SECONDARY DATA ANALYSIS.
TallyPrime is a complete business management software for small and medium business. TallyPrime helps you manage accounting, inventory, banking, taxation, banking, payroll and much more to get rid of complexities, and in turn, focus on business growth.
INTRODUCTION
A computerized accounting system is a software program that is stored on a company's computer, network server, or remotely accessed via the Internet and it can be a great benefit for a business. It can help streamline accounting steps and help minimize errors.
you would have realized that although computerized accounting systems are labour -saving, it is not without disadvantages. An accountant is not made redundant with the introduction of computerized accounting but his job scope is redefined such that he is able to add value to the managing of the organization concerned.
CONCLUSIONS
Developments of computer accounting
Specialized Software
In the most general terms, CAATs can refer to any computer program utilized to improve the audit process.(Computer Assisted Auditing Techniques)
Generally, however, it is used to refer to any data extraction and analysis software.
This would include programs such as spreadsheets (e.g. Excel), databases (e.g. Access), statistical analysis (e.g. SAS), business intelligence (e.g. Crystal Reports and Business Objects), etc.
Tally 9 is the most powerful Business Accounting Software, Best for simple, Instant as well as Advanced financial MIS
Best Inventory & Statutory MIS
Simple input capabilities
Easy-to-use interface
Tally 9, designed exclusively to meet the needs of small businesses, is a fully integrated, affordable and highly reliable business accounting software.
Advanced voucher entry tutorial in Tally ERP 9Accounts Arabia
Describe the purpose of the Tally.ERP 9 Accounting Vouchers Create and alter Accounting Vouchers
Use vouchers to enter Accounting transactions
Describe the use of Non-Accounting Vouchers
Describe the purpose of the Tally.ERP 9 Inventory vouchers
Create and alter Inventory Vouchers
Using vouchers to enter Inventory transactions
In accounting terms, a voucher is a document containing the details of a financial transaction. For
example, a purchase invoice, a sales receipt, a petty cash docket, a bank interest statement, and
so on. For every such transaction made, a voucher is used to enter the details into the ledgers to
update the financial position of the company. This feature of Tally.ERP 9 will be used most often.
Physical Stock Voucher is used for recording the actual stock which is verified or counted. It could happen that the Book Stocks and the Physical Stock do not match. It is not unusual that the company finds a discrepancy between actual stock and computer stock figure.
1. 1
Enter the following transactions in the voucher entry of Idhayam of Kumbakonam
1.1.2010 Commenced business with cash rs.180000 (F6.Receipt)
3 Depostied into Indian bank rs.55000 (F4.Contra)
4 Purchases goods for cash rs.22000 (F9.Purchase)
5 Bought goods of Siva rs.72000 (F9.Purchase)
8 Cash sales rs.16200 (F8.Sales)
11 Cash deposited into Bank rs.23000 (F4.Contra)
14 Purchased furniture for cash rs.4000 (F5.Payment)
16 Sold goods to Ram rs.12700 (F8.Sales)
17 Received cash from Ram rs.12446
Allowed him discount rs.254 * (F6.Receipt)
Cash a/c Dr 180000 Cash in hand
To capital a/c 180000 Capital
BAnk a/c Dr 55000 Bank
To cashl a/c 55000 Cash in hand
Purchase a/c Dr 22000 Purchase
To cash a/c 22000 Cash in hand
Purchase a/c Dr 72000 Purchase
To Siva a/c 72000 Sundry creditors
Cash a/c Dr 16200 Cash in hand
To Sales a/c 16200 Sales
Indian Bank a/c Dr 23000 Bank
To Cash a/c 23000 Cash in hand
Furniture a/c Dr 4000 Fixed assets
To Cash a/c 4000 Cash in hand
Ram a/c Dr 12700 Sundry Debtors
To Sales a/c 12700 Sales
Cash a/c Dr 12446 Cash in hand
Discount allowed a/c 254 Indirect expenses
To Ram a/c 12700 Sundry Debtors
2. 2
18 Paid Siva Cash rs.12000
Discount allowed by him rs.240 * (F5.Payment)
20 Paid Wages rs.1800 (F5.Payment)
21 Sold goods to Raj rs.35000 (F8.Sales)
22 Paid cash for trade expenses rs.150 (F5.Payment)
24 Sold goods to Roja rs.23280 (F8.Sales)
25 Received from Raj rs.21000
Allowed him discount rs.525 * (F6.Receipt)
26 Paid Siva cahs on account rs.24000 (F5.Payment)
28 Sold goods for cash rs.9000 (F8.Sales)
29 Paid cash for stationery rs.180 (F5.Payment)
30 Paid cash for miscellaneous expenses rs.150 (F5.Payment)
Siva a/c Dr 12240 Sundry Creditors
To cash a/c 12000 Cash in hand
To Discount Received a/c 240 Indirect Income
Wages a/c Dr 1800 Indirect expneses
To Cash a/c 1800 Cash in hand
Raj a/c Dr 35000 Sundry Debtors
To Sales a/c 35000 Sales
Trade expneses a/c Dr 150 Indirect expenses
To Cash a/c 150 Cash in hand
Roja a/c Dr 23280 Sundry debtors
To Sales a/c 23280 Sales
Cash a/c Dr 21000 Cash in hand
Discount allowed a/c 525 Indirect expenses
To Raj a/c 21525 Sundry Debtors
Siva a/c Dr 24000 Sundry Creditors
To Cash a/c 24000 Cash in hand
Cash a/c Dr 9000 Cash in hand
To Sales a/c 9000 Sales
Stationery a/c Dr 180 Indirect expenses
To Cash a/c 180 Cash in hand
3. 3
31 Bought goods from Sri rs.17870 (F9.Purchase)
31 Withdrew Cash for private expenses rs.1480 (F5.Payment)
31 Depreciation on Machinery@ 10% for machinery rs.50000 (F7.Journal)
31 Create Bad debts @ 5% on Sundry Debtors rs.25000 (F7.Journal)
Result : GATEWAY OF TALLY ʹ DISPLAY ʹ DAY BOOK ʹselect Alt+F2 ʹ give DATE from & to 1.1.2010 to
31.1.2010 (Refer Voucher type, Number, amount, narration etc.,)
Result : GATEWAY OF TALLY ʹ DISPLAY ʹ ACCOUNTS BOOKS ʹLEGER - select EACH ACCOUNTS
LEGER(example. refer to sundry debtors/creditors accounts)
*
*
*
Miscellaneous a/c Dr 150 Indirect expenses
To Cash a/c 150 Cash in hand
Purchase a/c Dr 17870 Purchase
To Sri a/c 17870 Sundry Debtors
Drawings a/c Dr 1480 Capital
To Cash a/c 1480 Cash in hand
Depreciation a/c Dr 5000 Indirect expenses
To Machinery a/c 5000 Fixed assets
Bad Debts a/c Dr 1250 Indirect expenses
To Sundry Debtors a/c 1250 Sundry debtors