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 1 2 3 4 5 6 7 8 9 10 11 12 Key F6 F4 F5 F8 F9 F8 F6 F5 F6 F6 F4 F5 Voucher Receipt Ledger 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

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 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

13 14 15

F9 F8 F5

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 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

Hint:
Ledger Capital Cash Bank Purchase Sales Anish Bindra Chitra Dipesh Salary Drawings Rent Group Capital Account Cash in hand Bank account Purchase account Sales account Sundry creditor Sundry debtor Sundry creditor Sundry debtor Indirect expenses Capital account Indirect expenses

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:

Rs. 2,500 500 10 2,000 150 400 400 250 400 200 50 200 50 150 500 800 100 50 225

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

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. 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.

Hint:

Ledger Capital Furniture Machinery Purchase Anil Sales Rajesh Arun Ramesh Salary Printing Wages Rent Commission Ganesh Trade discount

Group Capital account Fixed asset Fixed asset Purchase account Sundry Creditor Sales account Sundry debtor Sundry creditor Sundry debtor Indirect expenses Indirect expenses Direct expenses Indirect expenses Indirect expenses Sundry creditor 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.