Tally Prime Unit 1 & 2

TallyPrime – Study Material
Creation of Company:
To start accounting with tally the first and foremost thing you should know is , how to create
company in tally.For users operating multiple business can create several companies in Tally
software at single cost. Creating a Company involves providing basic information about the
company whose books of accounts are to be maintained in tally and details of currency.
How to start Tally
• When we successfully installed Tally prime on Windows or Mac OS, we can start
Tally Prime by using one of the following methods.
• Now, double click on Tally Prime icon from the computer as follows:
• Or we can follow the path: Start menu => Tally Prime=>Double Click
How to create a company in Tally Prime
• In tally, after login double click on the create company option under company
information.
• Go to Top Menu =>Company =>Create =>Enter
Dr. J. Vinoth Kumar. Ph.D

• The following screen displays the company creation window.

• On company creation screen, update the following details.
• Directory: Directory means the data storage location, This is the place where tally
store all data you entered in tally prime. By default the data storage will be inside the
installation folder. You can change it at your desired location by typing it manually.
For example D:/Tally data
• Name: Update the name of company that identifies in Tally prime.
Primary Mailing Details
• Mailing Name:The mailing name of company will be automatically updated as per

the given name of company, however the mailing name can be changed as per the
requirements.
• Address:Update the complete address details of company
• Statutory Compliance for:Choose the country name as India from the given list of
countries.
• State:Choose the state from the given list of states.
• Pin Code:Update the Pin Code of company, where it is located.
Contact Details
• Telephone No:Update Company landline/ Telephone number

• E-Mail:Update the company e-mail id
• Mobile No:Mobile number for contacting
• Fax no:Update the Fax number
• Website:Update the official website address of company

Books and Financial Year Details
• Financial Year From:Update the financial year starting date, all Indian companies
financial year start from 1st April and ends on 31st March. Tally considers the 12
months from the date given for financial year. The financial year will be automatically
displayed on Tally system, if financial year starts in middle of year, you can specify
the exact date from here.
• Books beginning from:The date for Books beginning from can be changed, in case
of companies, which are incorporated in the middle of the year. If your company is
new, you can opt to start the books of accounts from the date of actual establishment
of the company (date of incorporation) but close books according to the Financial
Year as specified by you.
Security Control
• Tally Vault Password:This is for security purpose, By enabling this,Tally ERP9

Convert tally data in to encrypted format. Encryption means convert data from
recognized format to unrecognized format. By enabling Tally vault password, the
company data is secured in an encrypted form. The data is not accessible without the
password, if you lost the password that will be not recovered.
• Use Security Control:Enabling securing control helps only authorized users are
allowed to enter/edit/delete the vouchers on Tally.
Base Currency Information
• Base Currency Symbol:This the currency symbol of the country you have
selected.No need to change it if you are using the same currency for accounting.
• Formal Name: This is the formal name of the currency selected in the previous field
• Suffix Symbol to Amount:This data field will ask you whether currency symbol is
required for example: prior to amount like $ 750
• Add spaces between the amount and symbol: This is like $ 750, a space in between
currency symbol and amount

• Show amount in Millions:If we set this data field to Yes, Tally will display the
amount in millions that are in the Balance sheet or other reports. Amount for example
100,00,000 will be shown as 10. [One million equals 10,00,000].
• Number of decimal Places:Usually 2 decimal places are using, for using Paisa in
Indian currency we use 2 decimal place like Rs 59.12 ,Fifty nine rupees twelve Paisa.
• Word representing amount after decimal:This is used in printing , in Indian
currency decimal portion is said to be Paisa
• No of decimal places for amount in words:No of Decimal place for printing amount
in words: If you set this option 1 in Indian currency, When printing 75 Paisa. prints
seventy Paisa. if you set 2 then it will print second fraction like seventy five Paisa.
To save the details entered in company creation screen
• If you have entered all the details and after verifying it seems to be right, then you
have to accept the screen by pressing Enter and again Enter to accept and save the
details.

Ledger Creation
Ledger account is a summary statement of all the transactions relating to a person, asset,
liability, expense or income. the transactions recorded in the journal, the ledger account is
prepared. It is a book which contains all sets of accounts, namely, personal, real and nominal
accounts. Account balance can be determined from the ledger. It contains a classified and
permanent record of all the transactions of a business.
Example: Office expenses, Purchase, Machinery, Ravi, bank loan etc..
Note: Cash, profit/loss are default ledgers in tally.
Group
The group is a collection of ledgers of the same natures.
Tally software automatically creates 28 groups.
• Primary Group
• Sub Group
Primary Group
Group Name Example Ledger
Capital
Share capital, Joes capital
Accounts
Loan
Bank loan, loan received from any party
Liabilities
Current
Payables, outstanding amounts
Liabilities
Current Assets Receivables, Prepaid amounts
Fixed Assets Machinery, Factory, Land & buildings

Investments Investing on shares, any investment names
Sales
Credit sales, sales returns
Accounts
Purchase
Credit purchase, purchase returns
Accounts
Suspense
Suspense ledger
Account
Direct
Wages, Import duty, all purchase & manufacturing expenses
Expenses
Indirect
Office expenses, selling expenses & financial expenses
Expenses
Misc.Expenses Development expenses, advertisement expenses,
Direct Income Income earned from the sale of goods and services
Indirect
Earned by way of Non-business activities (Interest received, discounts)
Income
Branch / This maintains ledger accounts of all your company's branches, divisions,
Division affiliates, sister concerns, subsidiaries and so on.
Sub Group
Group Name Example Ledger
Sundry Creditors Purchase party name or supplier name
Sundry Debtors Sales party name or customer name
Provision Provision for doubtful debts, Provision for tax
Cash in hand Liquid cash in company

Duties & Taxes Service tax, CGST, IGST,SGST
Deposit(asset) Fixed deposits
Bank Accounts Indian bank, SBI bank (any bank name)
Loans & Advance

Salary advance, loans to partner
(Assets)
Bank OD & OCC

Bank OD, bank OCC
Account
Secured Loans Car loan, Home loan
Unsecured Loans Credit cards, student loan
Stock in hand Opening stock, closing stock
General Reserves , Capital Reserves (Funds set aside to pay future

Reserves & Surplus
obligations )
Group and Ledger
Ledger Name Group Name
Any bank name
Cash at bank Bank Account
Ex: Indian bank. ICICI bank
Bank O/D Bank O/D (Over Draft)
Bank OCC (On Cash Credit or Over Cash

Bank OCC
credit)
Any branch name

Branch/Divisions
Ex: Branch fund, Branch stock

Any capital name
Capital A/c
Ex: Reliance capital, Ravi capital Drawings
(Dr)
Cash or cash in hand (Default) Cash-in-hand
Bill receivable
Prepaid Expenses
Accrued interest
Petty cash
Subsidiaries
Accounts receivable Current assets
Live in stock
Sports equipment
Works-in-progress
Raw materials
Security deposit (Dr)
Bills payable
Arrears
Unpaid expenses
Current liabilities
Condign liability
Bonus payable
Royalty payable

Outstanding expenses
Salary due
Commission received in advance
Security deposit (Cr)
Accounts payable
Provident fund
Proposed dividend
Any deposit name

Deposit (Assets
Ex: Bank deposit, Fixed deposit
Wages
Fright charges
Factory rent
Inward charges
Carriage inward charges

Direct Expenses
Import duty
Gas & fuel & power
Royalty on production
Factory lighting
Any factory Expenses
It is not possible Direct income

Sales tax
Service tax
Surcharges on tax
Excise duty
TDS Duties & Taxes
TCS
VAT
FBT
CST
Plant & machinery
Land & building
Typewriter
Motor van & car & bike
Furniture & fittings
Computer Fixed Assets
Electric fan
Loose tools
Free hold property
Lease hold property
Good will

Factory
Plant
Office expense
Salaries
Bank charges
Rent , rates
Printing & stationery
Postage & telegram
Telephone charges
Legal charges
Audit fee
Indirect expense
Insurance
General expenses
Interest on capital
Interest on loan
Discount allowed
Discount on bill
Advertisement charges
Traveling expenses
Commission

Bad Debit
Bad and doubtful debts
Discount on debtors
Fright outward
Godown rent
Carriage outward
Agent commission
Export expenses
Depreciation
Repair chares
Maintenance charges
Trade expense
Interest received
Dividend received
Discount received
Commission received
Indirect income
Rent received
Income on investment
Interest on debentures
Miscellaneous revenue

Interest on
debentures
Miscellaneous
revenue Interest on
Drawing Sundry
income
Bad debit recovered
Appreciations
Investing on shares
Investment
Investment
Capital of partnership firm
Any investment name
Loan issued to customers

Loans and advance (Assets)
Employees, Advance paid
Bank loan
loan (liability)
Loan (liability) or Secured loan
loan received from any party’s
secured loan, debentures
Preliminary Expenses
Misc. Expenses (Assets)
Misc. Expenses

Development exp
Any Provision name
Provision for Bad debit

Provisions
Provision for Depreciation
Provision for Tax
Cash purchase
Credit purchase Purchase Account
Purchase return (Cr)
Reserve fund
Reserves
Reserves & surplus
Reserves & surplus
Reserve for bad debit
Cash sales
Credit sales Sales Account
Sales return (Dr)
Purchase party name

Sundry creditor
Suppliers name
Sales party name (OR) Customer name Sundry Debtors
Suspense A/c Suspense A/c
Bank loan (un secured loan) Unsecured loan

Stock in hand, Opening stock Stock in Hand

Overview of Masters in Tally Prime
Introduction
Masters are the containers of the Accounting Data. These are the heads, which will be set
once and used in many places such as Accounting Voucher Creation, Reports Generation etc.
Data stored in Masters is independent.
Account Masters are the principal Accounting entities representing similar transaction
(Account Ledgers) and similar accounts (Account Groups) along which all transaction date
are compiled, summarized and balanced, to be reflected in various Accounting Reports
&Financial statement ( profit &Loss Account &Balance sheet).
Types of masters
• Accounting Masters
• Inventory Masters
• Payroll Masters and
• Statutory Masters
Accounting Masters
Account Ledger are entities representing similar transactions.

Account Groups are just convenient & systematic grouping of ledger Accounts of similar
nature.
Tally automatically creates 28 Reserved Account Groups and 2 Reserved Ledger Accounts.
• Group
• Ledger
• Cost category
• Cost centre
• Currency
• Rates of Exchange
• Budget
• Voucher Type

• Credit limits
Inventory masters
To maintain inventory system, first, you need to create masters in respect.
• Stock Group
• Stock category
• Stock item
• Unit
• Godown
• Price levels
Payroll Masters
Activation & set Up of payroll Features for the company.
• Employee category
• Employee Group
• Employee
• Units(Work)
• Attendance/ production type
• Pay Heads
• Payroll voucher type
Statutory master
• GST classification
• TDS Nature of payments
• TCS Nature of Payment
• VAT classification
• Tax Units
• Excise Duty Classification
• Excise Classification
• Excise Book
• Service Category

Trial Balance in Tally Prime
Example Trial Balance Sum
Prepare an Trial Balance of ABC PVT LTD for the following financial year of 1.4.2020 to
31.3.2021
S.No Particulars Rs
1 Capital 22000
2 Stock 10000
3 Debtors 8000
4 Creditors 12000
5 Machinery 20000
6 Cash in hand 2000
7 Bank OD 14000
8 Sales 44000
9 Misc.Exp 12000
10 Sales Return 8000
11 Purchase 26000
12 Wages 10000
13 Salary 12000
14 Prepaid Insurance 200
15 Purchase Return 4000

16 Bills Payable 10800
17 Outstanding Salary 1400
How to Start Trial Balance
Gateway of Tally->Create
Cash and Profit & Loss are default ledger in Tally.
Gateway of Tally->Create->Ledger

Gateway of Tally->Create->Ledger->Ledger Creation

To use the default ledger press pageup button

Gateway of Tally->Chart of Accounts

Gateway of Tally->Chart of Accounts->Ledger

Gateway of Tally->Chart of Accounts->Ledger-Ledger View

Gateway of Tally->Chart of Accounts->Ledger->Ledger View->Finally View Trial Balance

Accounting Voucher
What is Vouchers
Every business ought to have transactions where their ultimate profit and loss bring up. So,
managing the transactions smarter gives a boost to the organizations. As many organizations
moved toward , the voucher is the primary online document used to record the transactions.
Example:a purchase invoice, a sales receipt, a petty cash docket, a bank interest statement.
Types of Accounting Vouchers:
• Payment Voucher
• Receipt Voucher
• Contra Voucher
• Journal Voucher
• Sales Voucher
• Purchase Voucher
• Credit Note Voucher
• Debit Note Voucher
Double entry system
Example: giving the benefit and the other receiving the benefit.
• A transaction has two-fold aspects.
Example: giving the benefit and the other receiving the benefit.
• One account needs to be debited and the other is to be credited.

• Every debit must have its corresponding and equal credit.

Golden Rules
Basic Accounting Equation
Assets = Liabilities + Owners Equity(capital).
Credit & Debit rules
Example You paid rent (₹1000).

Example for accounting equation
Accounting Voucher Entry in Tally Prime
Shortcut Keys in Accounting Voucher Entry
• Payment Voucher-F5
• Receipt Voucher-F6
• Contra Voucher-F4
• Journal Voucher-F7
• Sales Voucher-F8
• Purchase Voucher-F9
• Credit Note Voucher-Alt+F6
• Debit Note Voucher-Alt+F5
• Stock journal–Alt+F7
• Physical stock–Alt+F10

Click Other Voucher->Credit Note Voucher (or) Debit Note Voucher (or) Stock journal (or)
Physical stock
TO Check the Profit and Loss (or) Balance Sheet

Profit and Loss

Balance Sheet
Sample Sum
Capital 300000
Cash 150000
Furniture’s 100000
KVB Bank 150000

Bills payable 100000
Prepaid expenses 25000
Unpaid expenses 50000
Machinery 150000
Bank loan 120000
Sundry Creditors
M/s. ANU ENTERPRISES was Rs.30000 Date: 28.03.2011 bill no: 21 (40days)
Sundry Debtors
M/s.RIYAS & CO was Rs. 25000 Date: 18.03.2011 bill no: 010 (35days)

Cost Center in Tally Prime
Cost Centre Introduction
A cost Centre is units of an organization to which transaction can be allocated. Cost Centre
are the most flexible tools for management information system, which allows a analysis of
financial information.
How to Activate Cost Centre and Cost Category
Gateway of Tally->Masters->Create->Cost Category (or) Cost Centre

Gateway of Tally->Masters->Create->Show More->Cost Category (or) Cost Centre
Cost Category

1.Gateway of Tally->Masters->Create->Cost Category

2.Enter the name
3.Set the option Allocate Revenue Items toYesto allocate all sales, purchase, expanses and
income->related transaction to cost Centres created under this cost category
4.Set the option Allocate No-Revenue Items to Yes to allocate transaction related to capital
account and other non-revenue accounts to cost Centres created under this cost category
Cost Centre
1.Gateway of Tally->Masters->Create->Cost Centre

2.Select the Cost Category
3.Enter name
4.Select the Cost Centre Under which the Cost Centre has to be grouped
5.Enter the Cost Centre

3.Enter name


3.Enter name
Transaction
1.Go to Gateway of Tally->Transaction->Vouchers

2.Select Receipt Voucher Click (F6)

Voucher->Alt+C Click->To Create Ledger->Enter
1.The Cost Centre Allocations screen appears as shown:

Cost Centre Sum
The Following Would Be Recording In Journal Using Double Entry System. Do The Posting
Process from Journal Entries and Prepare the Trial Balance, Trading A/C, Profit & Loss A/C
and Balance Sheet and cost canter In The Books Of M/S. TUTOR JOES COMPUTER
EDUCATION Ltd for the following year 2020 to 2021.
SBI bank 800000
Cash in hand 100000
Furniture 200000
Building advance 150000
Computer 500000
Stock in hand 150000

Software deposit 10000
Capital 1000000
O/S building rent 20000
O/S salary 80000
Loan from bank 700000
Sundry Creditors
M/s. Hindustan Computer ltd Rs.150000 bill no:2112 (25days)
M/s. Pavai books & note Printers Rs.50000 bill no: 2209 (25 Days)
Cost Category and Cost Centre:
Application fee:
Computer application
Entrance application
Course fee:
DCA:
Course fee (DCA)
Course material (DCA)
DCA forenoon
DCA afternoon
DCA w/k
TALLY:
Course fee (tally)

Course material (tally)
TALLY forenoon
TALLY afternoon
TALLY day time
DTP:
Course fee (DTP)
Course material (DTP)
DTP forenoon
DTP afternoon
DTP day time
DIT:
Course fee (DIT)
Course material (DIT)
DIT forenoon
DIT afternoon
DIT day time
Transaction During The Period
1. Course fee received for tally (f/n) Rs.22000 and tally (a/n) Rs.14000
2. Course fee received for tally (a/n) Rs.30000 and computer application for Rs.5000 by
cheque
3. Course fee received for tally (day time) Rs.120000, DCA (w/k) Rs.75000 DTP (Day time)
Rs.90000, DIT (Day time) Rs.110000 and summer offer for discount 2% for each course
4. Course fee received for DIT (f/n) Rs.15000 and DIT(day time) Rs.13000

5. Entrance application received Rs.10000

6. Course fee received for DTP (a/n) Rs.36000 and DTP(f/n) Rs.14500
7. Course fee for tally (a/n) refund Rs.5000
8. Course material to tally , DIT, and DTP purchased 50 copies @ Rs.5000, Rs.3000,
Rs.1000 each
9. Amount paid to Ms. Hindustan ltd for Rs.75000 part settlement
10. Course fee for DIT(f/n) refund Rs.15000 and DCA (a/n) Rs.5000
11. Depreciation of furniture and fittings @ 10%
12. Computer stolen @ Rs.10000
13. Interest received from bank balance Rs.5000

Accounts receivables - Definition

Accounts receivable refers to the amount that a company is entitled to receive from its
customers for goods or services sold on credit. In other words, it is the amount that your
customer owes you with respect to contractual obligations.
Accounts receivables are also known as debtors, trade debtors, bills receivables or trade
receivables.
Accounts payables – Definition

Accounts payable is any sum of money owed by a business to its suppliers shown as a
liability on a company's balance sheet. In simple words, when you buy goods or services with
an arrangement to pay later, such an amount till it is paid, is referred to as accounts payable.
Accounts payable is also called as bills payable and the total amount that a company is liable
to pay is shown as liability under the head ‘sundry creditor’ in the balance sheet.
What is the difference between accounts receivables and accounts payables?

Sound management of accounts receivables and accounts payables is crucial to assess a
company’s financial health. While the two types of accounts are recorded in more or less
similar way, it is imperative to keep in mind that one is an asset account and the other is a
liability. Now, with the definition above, it can easily be concluded that accounts receivable
is the money owed to your business by customers whereas, accounts payable is the money
you owe to the suppliers. This gives us a clear understanding of which account is recorded
under what criteria in the financial statement of a company. Since accounts receivable is the
money owed to you, this will be recorded under assets, and since accounts payable is the
money you owe, this will be recorded under liabilities.
Accounts Receivables Accounts Payables

Money owed to your business Money you own to your supplier
Current Asset Current Liability
Sundry Debtors Sundry Creditors

How to record accounts receivables?

Recording of accounts receivables is extremely simple with TallyPrime. If you have a good
relationship with your parties and trust them, and have sold goods or services on credit,
TallyPrime takes care of tracking all your outstanding receivables from the parties. By
referring to the corresponding reports, you can simply follow up with your parties, when
needed, for recovery of the due amounts.
The following are journal entry to account and adjust the accounts receivables in the books of
account
When a sale is made on credit
Deepak Sales Corporation (Customer) 4,83,800
Cr Sales a/c 4,83,800
When a sale bill is paid
Dr Bank/Cash a/c 4,83,800
Cr Sundaram Pipes and Fittings a/c 4,83,800
Once all the relevant ledgers of your accounts receivables have been recorded, you can view
all your receivables at a glimpse. You can also change the view of these transactions as per
your preference.

You can also view ledger-wise bills and understand the payment performance of your debtors
and keep a track of your receivables to maintain optimum cash flow for your business.
How to record accounts payables?

The outstanding payables report in TallyPrime gives you an overview of what your business
owes for supplies, inventory, and services. You can get an overview of the amount and the
creditors to whom you owe money and how much you owe each creditor and how long the
money has been owed. Managing your outstanding payables will help you to know the time-
to-time expenses, avoid overseeing the payments that you owe to the creditors, and help you
manage the cash-flow in your business.
When a purchase is made on credit
Crompton Greaves Consumer Electricals (Supplier) 30,03,550
Cr Purchase a/c 4,83,800
When the purchase bill is paid by you
Dr Sundaram Pipes and Fitting a/c 4,83,800
Cr Crompton Greaves Consumer Electricals (Supplier) 4,83,800

Similar to the receivables report, TallyPrime gives you the liberty to choose a view based on
your choice. With pre-built configurations to customise viewing of reports, TallyPrime
allows you to analyse and slice and dice the reports the way you want.
With various options available you can see your credit period, maintain vouchers bill-wise for
a particular party and even settle bills, at a click of a button. When you make a purchase of
large amount and unable to pay at a time and have agreed to make partial payments in regular
intervals, you can split such purchases into multiple bills. This helps you to track the payment
breakup against the bills created and manage your outstanding payables systematically.
Example of accounts receivables

Let’s say on 1st August, 2020, Giri Enterprises sold goods worth 50,000 to Hinduja Traders
with a credit period of 30 days. From 1st August to the date the bill is paid, 50,000 will be
treated as accounts receivables against Hinduja Traders account.
Let’s say, on 15th Hinduja Traders paid 25,000 to Giri Enterprises. This will be reduced from
Hinduja Traders’ account. Post adjustment, the overall accounts receivable will be 25,000.
Likewise, when you sell on credit to different customers, it will be added to the overall
accounts receivable and when you receive from the customers, it will be reduced.

Example of accounts payables

Giri Enterprises purchased goods worth 1,00,000 from Falcom Traders. Falcom Traders
offered a credit period of 30 days within which the bill should be paid by Giri Enterprises.
Here, till the date Giri Enterprises pays Falcom Traders, INR 1,00,000, it will be called as
accounts payables and be shown as a liability towards creditors in the balance sheet.
Managing your accounts receivables and payables helps businesses maintain their working
capital. While accounts receivables lead to the generation of cash in-flow in the financial
books, maintain a good relationship between you and your vendor and hold a good credit
score, accounts payables help in assessing the payment performance of debtors and improve
liquidity. Keep your accounts receivables and payables at an all-time steady with
TallyPrime.

Tally Prime Unit 1 &amp; 2

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Tally Prime Unit 1 &amp; 2

Uploaded by

Copyright:

Available Formats

TallyPrime – Study Material

How to start Tally

How to create a company in Tally Prime

Dr. J. Vinoth Kumar. Ph.D

• The following screen displays the company creation window.

Dr. J. Vinoth Kumar. Ph.D

• On company creation screen, update the following details.

Primary Mailing Details

• Mailing Name:The mailing name of company will be automatically updated as per

• Telephone No:Update Company landline/ Telephone number

Dr. J. Vinoth Kumar. Ph.D

Books and Financial Year Details

• Tally Vault Password:This is for security purpose, By enabling this,Tally ERP9

Base Currency Information

Dr. J. Vinoth Kumar. Ph.D

To save the details entered in company creation screen

Dr. J. Vinoth Kumar. Ph.D

Example: Office expenses, Purchase, Machinery, Ravi, bank loan etc..

Note: Cash, profit/loss are default ledgers in tally.

The group is a collection of ledgers of the same natures.

Tally software automatically creates 28 groups.

Group Name Example Ledger

Current Assets Receivables, Prepaid amounts

Fixed Assets Machinery, Factory, Land & buildings

Dr. J. Vinoth Kumar. Ph.D

Investments Investing on shares, any investment names

Misc.Expenses Development expenses, advertisement expenses,

Group Name Example Ledger

Sundry Creditors Purchase party name or supplier name

Sundry Debtors Sales party name or customer name

Provision Provision for doubtful debts, Provision for tax

Cash in hand Liquid cash in company

Dr. J. Vinoth Kumar. Ph.D

Duties & Taxes Service tax, CGST, IGST,SGST

Deposit(asset) Fixed deposits

Bank Accounts Indian bank, SBI bank (any bank name)

Loans & Advance

Bank OD & OCC

Secured Loans Car loan, Home loan

Unsecured Loans Credit cards, student loan

Stock in hand Opening stock, closing stock

General Reserves , Capital Reserves (Funds set aside to pay future

Group and Ledger

Ledger Name Group Name

Any bank name

Cash at bank Bank Account

Ex: Indian bank. ICICI bank

Bank O/D Bank O/D (Over Draft)

Bank OCC (On Cash Credit or Over Cash

Any branch name

Dr. J. Vinoth Kumar. Ph.D

Any capital name

Cash or cash in hand (Default) Cash-in-hand

Accounts receivable Current assets

Security deposit (Dr)

Dr. J. Vinoth Kumar. Ph.D

Commission received in advance

Security deposit (Cr)

Any deposit name

Carriage inward charges

Gas & fuel & power

Any factory Expenses

It is not possible Direct income

Dr. J. Vinoth Kumar. Ph.D

Tally Prime Unit 1 & 2

Tally Prime Unit 1 & 2