Accounts Transactions:

 Mr. Rajesh started business with Rs 10 Lakhs. (Receipt)

Cash a/c Dr 1000000

To Business Capital a/c 1000000

 Opened Business Bank account in HDFC Bank with cash deposit of Rs 1 Lakh. (Contra)

HDFC Bank a/c Dr 100000

To Cash a/c 100000

 Purchase of Furniture (Business use Purpose) from Sairam Furnitures for Rs 50000/-.
(Purchase)

Furniture a/c Dr 50000

To Sairam Furniture a/c 50000

 Rent Paid of Rs 20000/-. (Payment)

Rent a/c Dr 20000

To Cash a/c 20000

 Payment to Sairam Furniture of Rs 40000/- through Cheque number 001281. (Payment)

Sairam Furniture a/c Dr 40000

To HDFC Bank a/c 40000

 Sales made to G K Traders for Rs 200000/- also allowed discount with Rs 20000/- and
charged Rs 5000/- for Delivery charges. (Sales)

G K Traders a/c Dr 195000

Discount Allowed a/c Dr 10000

To Delivery Charges a/c 5000

To Sales a/c 200000

 Return of sales from G K Traders for Rs 20000/-. (Credit Note)

Sales Returns a/c Dr 20000

To G K Traders a/c 20000

 Received of Rs 100000/- through Axis Bank Cheque number 223685 from G K Traders to
clear outstanding balance. (Receipt)
 HDFC Bank a/c Dr 100000

To G K Traders a/c 100000

 Depreciation on Furniture of Rs 10000/- on the Book Value. (Journal)

Depreciation a/c Dr 10000

To Furniture a/c 10000

Shortcut Keys:

Accounting Transactions:

I. Contra – F4
II. Payment – F5
III. Receipt – F6
IV. Journal – F7
V. Sales – F8
VI. Purchase – F9
VII. Debit Note – ALT+F5
VIII. Credit Note – ALT+F6

To change the mode of vouchers like Purchase, Sales, Debit Note & Credit Note – CTRL+H (Change
view – Item invoice, Accounting invoice & Voucher mode)

While passing Purchase, Sales, Debit Note & Credit Note if transaction has only ledgers involved
then pass in Accounting Invoice or in Voucher mode. If the transactions involve inventory then
pass in Item invoice or Voucher mode.

To change the mode of vouchers like Payment, Receipt & Contra – CTRL+H (Change View – Single
Entry & Double Entry)

Journal Voucher can be passed only in Double entry mode.

Use F10 Other Vouchers to pass any vouchers which is not available in the shortcut key panel (on
right side)

Inventory Transactions:

Stock Journal (ALT+F7) – Inter godown transfer of goods from one godown to another godown.

Manufacturing Journal (ALT+F7) – Conversion of Raw materials to Finished goods. (it is not a
default voucher type need to be created under Stock Journal, by enabling Use as Manufacturing
journal as Yes)

Physical Stock (CTRL+F7) – Stock Adjustment entry in case of difference with physical quantity and
stock report.

Stock item is a physical good which is purchased for the purpose of sales.
Stock Group is a classification of stock items based on the behavior like brand, format etc.

Stock Category offers a parallel classifi cation of stock items, categorizing items is that you
can classify the stock category based on functionality together in a group.

Units (Unit of Measurement – UOM) is mandatory to be used to measure any stock item quantity.
There are different types of Units:

Simple Unit: A Simple unit consists of a single unit. For example, Meters (m), Kilogram
(Kg), Numbers (Nos)

Compound Unit: A Compound unit is a combination of two Simple units. You can use a
Compound unit when you are dealing with an item that requires more than one unit or
when you’re buying and selling units are different for that item. For a constant unit of
measurement, Compound units are used. For example, a Kg (Kilograms) of 1000 Gm
(Grams), a Doz (Dozens) of 12 Nos (Numbers)

Godown is a place for storage of goods or warehouse, in Tally by default created in the name
“Main Location”, but can create as many of the godowns required.

Stock Category Stock Group Stock Items Units Opening Rate per
Balance Unit
Electronic Office Use Monitor Pcs Mysore - 0 Rs 20000
Items Bangalore – per pcs
2pcs
CPU Pcs Mysore – 5pcs Rs 5000 per
Bangalore – pcs
5pcs
Personal Use Grinder Pcs No balance Rs 3000 per
pcs
Washing Nos Mysore – 3nos Rs 15000
Machine Bangalore – per nos
5nos
Furniture Office Use Rolling Chair Nos No balance Rs 6000 per
nos
Personal Use Sofa 1 st of 3 pcs No balance Rs 15000
per st

Pass the following Transactions:

 Purchase of following stock items from ABS Co. share the quantity 50% to each godown.
Monitor – 10pcs @ 22000/pcs
CPU – 10Pcs @ 7000/Pcs
Grinder – 10Pcs @ 4000/Pcs
Sofa – 4st @ 18000/st
 Transfer of stock item Monitor 2pcs, Washing Machine 2nos from Mysore godown to
Bangalore godown.
 Manufacture Computer of 3nos by using Monitor & CPU, Labour charges of Rs 5000/-.
  Sales made to Riyan Co of Computer 2nos at 20% addition on manufacturing cost.

Check the following Reports:

 Outstanding Reports
 Trial Balance
 Balance Sheet
 Stock Summary
 Godown Report