Manufacturing Organization - Transactions

MANUFACTURING ORGANISATION

RAM COMPUTERS PVT LTD

1) 01.08.2013 - Ram Started a business with amount Rs.10,00,000/-

2) 01.08.2013 - Cash Deposited into ICICI Bank 4,00,000/-

3) 01.08.2013 - The Company rented a production Godown and Paid to Deposit Amount Rs. 50,000/- by Cash

4) 02.08.2013 - The Company Purchased the Following Assets by Cheque i)Computer Rs.32000/- i) Electrical Items Rs.22200 iii) Tables - Rs.60000 iv)Furnitures Rs.42000/- v)Fixed Asset 1 Rs.10000

6) 02.08.2013 - Telephone Connection - Deposit Amount :Rs.5000 by Cheque

Create a new company Ram Computers PVT LTD (Company Started Date : 01.08.2013 )

Directory :	D:\data
Name :	Ram Computers PVT LTD
Address :	60,Main Road,Kalugumalai,Thoothukudi District,Tamilnadu
Statutory Complaince for :	India
Maintain	Accounts with Inventory
Financial Year From	01.04.2013
Books Beginning from	01.08.2013
In Base Currency Information :
Number of Decimal Places	0

After Completing the above important entries....Press CTRL + A To Accept or Press Enter again and again upto Accept Yes

 

1) 01.08.2013 - Ram Started a business with amount Rs.10,00,000/-

Solution :

i)In Gateway of Tally > Ledgers >Single Ledger : Create >Name : Ram Capital A/c - Under : Capital Account > CTRL + A

ii)In Gateway of Tally > Accounting Voucher > Receipt Voucher (Press F6) >Pls Check follows in Voucher Entry Screen
Press F12:Use Single Entry Mode : No & Use Cr/Dr instead of To/By : Yes (CTRL +A to Accept) >>>

Cr.Ram Capital A/c --> 10,00,000
Dr.Cash A/c-->10,00,000

After Making above entry Press CTRL + A to Accept

Report : Go Gateway of Tally > Display > Account Books >Cash/Bank Books > You Can View Cash in Hand Balance

Go top

2) 01.08.2013 - Cash Deposited into ICICI Bank 4,00,000/-

Solution :

i)In Gateway of Tally > Ledgers >Single Ledger : Create >Name : ICICI BANK A/c - Under : Bank Accounts > CTRL + A

ii)In Gateway of Tally > Accounting Voucher > Contra Voucher (Press F4) >Pls Check follows in Voucher Entry Screen
Press F12:Show Cash Denomination Details : Yes (In Tally ERP9 Latest Version Version Only ) otherwise Skip It

Cr.Cash A/c --> 4,00,000
Dr.ICICI Bank A/c-->4,00,000

(In Tally Erp9 Latest Version Demonination Details Arrived .... You can Fill the details other wise skip it)

After Making above entry Press CTRL + A to Accept

Report : Go Gateway of Tally > Display > Account Books >Cash/Bank Books > You Can View Cash & Bank Balance Details

Go top

3) 01.08.2013 - The Company rented a production Godown and Paid to Deposit Amount Rs. 50,000/- by Cash

Solution :

i)In Gateway of Tally > Ledgers >Single Ledger : Create >Name : Deposit(Rent A/c) - Under : Deposit (Assets) > CTRL + A

ii)In Gateway of Tally > Accounting Voucher > Payment Voucher (Press F5) >

Dr.Deposit (Rent A/c ) --> 50,000
Cr.Cash A/c-->50,000

Accept :Yes

Report : Go Gateway of Tally > Display > Account Books >Cash/Bank Books > You Can View Cash & Bank Balance Details

Go top

4) 02.08.2013 - The Company Purchased the Following Assets by Cheque i)Computer Rs.32000/- i) Electrical Items Rs.22200 iii) Tables - Rs.60000 iv)Furnitures Rs.42000/- v)Fixed Asset 1 Rs.10000

Solution :

i)In Gateway of Tally > Ledgers > Multiple Ledger : Create > Under :Fixed Asset >

Under : Fixed Asset
SlNo	Name of Ledger	Under	Opening Balance
1.	Computer A/c	Fixed Assets
2.	Electrical Items A/c	Fixed Assets
3.	Tables A/c	Fixed Assets
4.	Furniturs A/c	Fixed Assets
5.	Fixed Asset 1 A/c	Fixed Assets

Press CTRL + A to Accept

ii)In Gateway of Tally > Accounting Voucher > Payment Voucher (Press F5) >

Dr.Computer A/c --> 32,000
Dr.Electrical Items A/c --> 22,200
Dr.Tables A/c --> 60,000
Dr.Furniture A/c --> 42,000
Dr.Fixed Asset 1 A/c --> 10,000
Cr.ICICI BANK A/c-------------->1,66,200

Accept :Yes

Report : Go Gateway of Tally > Display > Account Books >Cash/Bank Books > You Can View Cash & Bank Balance Details

Go top

5) 02.08.2013 - Telephone Connection - Deposit Amount :Rs.5000 by Cheque

Solution :

i)In Gateway of Tally > Ledgers >Single Ledger : Create >Name : Deposit(Telephone A/c) - Under : Deposit (Assets) > CTRL + A

ii)In Gateway of Tally > Accounting Voucher > Payment Voucher (Press F5) >

Dr.Deposit (Telephone A/c ) --> 5,000
Cr.ICICI Bank A/c-->5,000

Accept :Yes

Report : Go Gateway of Tally > Display > Account Books >Cash/Bank Books > You Can View Cash & Bank Balance Details

Go top

 

 

Accounting Vouchers - Part 2

ACCOUNTING VOUCHERS - EASY WAY (PART 2)

INTRODUCTION:

• TRANSACTION TYPE 1) CASH TRANSACTIONS 2) NON CASH TRANSACTION
• CASH TRANSACTIONS is inflow and outflow of money (Ex: Payment to telephone charges,Wishdrawal from a bank etc..
• NON CASH TRANSACTIONS - Credit sales , Adjustment Entries,etc...
• ACCOUNTING VOUCHERS are...
1. CONTRA (F4) > to record transactions between cash & bank accounts only ( For Ex...Cash Deposited into Indian Bank,Cash Withdrawel from Bank Rs.1000,Inter-Bank Transactions etc...)
2. PAYMENT (F5) > outflow of money ( Payment for salary,telephone expenses,etc..
3. RECEIPT (F6) > inflow of money ( Received cash or cheque from buyers , Received Commission,etc...
4. JOURNAL (F7) > non cash transaction entry ( adjustment vouchers,depreciation...)

1.Contra Voucher

Particulars	Debit	Credit
Cr.Source of Amount Dr.Destination of Amount	Amount	Amount

Before Entry :
Give the Opening Balance in Cash Ac Rs.50000
Solution:
1.Gateway of Tally9 > Accounts Info > Ledger > Single : Alter > Select Cash > > Name : Cash Under : Cash-in-Hand > Opening Balance : Enter Amount Rs.50000 > Press CTRL + A to Accept

Example 1 :
Cash Deposited into Indian Bank Rs.12000
Solution 1 (Way 1):
1.Gateway of Tally9 > Accounts Info > Ledger > Single : Create > Name : Indian Bank Under : Bank Accounts > Press CTRL + A to Accept
2.Gateway of Tally9 > Accounting Vouchers > Press F4 or Click Contra Button
(Verify : Press F12 > Use Single Entry Mode for Rcpt/Ctra/Pymt > No , Use Cr/Dr Instead of To/By During Entry > Yes)>

Particulars	Debit	Credit
Cr.Cash A/c Dr.Indian Bank A/c	12000	12000

Solution 2 (Way 2)
1.Gateway of Tally9 > A/c Voucher > Press F4 > Cr.Cash A/c Dr.(Press ALT +C > Name : Indian Bank A/c Under : Bank A/c > Press CTRL + A) > Dr.Indian Bank A/c & Type Amount in Credit Column > Press CTRL +A to Accept.

Example 2 :
Cash Deposited into SBI Bank Rs.12000

Particulars	Debit	Credit
Cr.Cash A/c Dr.SBI A/c	12000	12000

Example 3 :
Cash Withdrawen from SBI Bank Rs.2000

Particulars	Debit	Credit
Cr.SBI A/c Dr.Cash A/c	2000	2000

Example 4 :
Cheque of Rs.500 issued from SBI A/c and deposited to Indian Bank.

Particulars	Debit	Credit
Cr.SBI A/c Dr.Indian Bank A/c	500	500

Example 5 :
Cash Deposited into SBI Bank Rs.2000 and Indian Bank A/c Rs.3000

Particulars	Debit	Credit
Cr.Cash A/c Dr.SBI A/c Dr.Indian Bank A/c	2000 3000	5000

Example 6 :
The Company withdrew Rs.6000 from the SBi bank for office use,of which Rs.2000 was advanced to the petty cashier.

Particulars	Debit	Credit
Cr.SBI A/c Dr.Cash A/c Dr.Petty Cash A/c	3000 2000	6000

Note : Petty cash A/c > Under : Cash-in-Hand.

2.Payment Voucher

Particulars	Debit	Credit
Dr.Expenses,Receiver Name Dr.Cash/Bank A/c	Amount	Amount

Example 1 :
Payment for Advertisement Expenses Rs.2000

Particulars	Debit	Credit
Dr.Advertisement Expenses A/c Cr.Cash A/c	2000	2000

Note :
i) Advertisement Expenses > Under : Indirect Expenses
ii) At the Time of Payment Voucher Entry : Please Check Follows
Press F12 >
1)Use Cr/Dr Instead of To/By During Entry : Yes.
2)Use Single Enty Mode for Pymt/Rcpt/Ctra : No
3)Use Payment As Contra :Yes
4)Skip Date Field in Create Mode (Faster Entry) : Yes
5)Warn on Nagetive Balance : Yes
6)Show Ledger Current Balance :Yes
For Example :
Cr.Cash A/c
   Cur Bal:5000 Dr.

Example 2 :
The Company Applied for Telephone Connection.A Security Deposit paid for Rs.2400.

Particulars	Debit	Credit
Dr.Security Deposits(TelePhone) Cr.Indian Bank A/c	2400	2400

Note :
i) Security Deposit(TelePhone) > Under : Security Deposit(Telephone)

Coming Soon ............

FLOW CHART OF ACCOUNTS FOR TALLY9

FLOW CHART OF ACCOUNTS

INTRODUCTION:

Type of Accounts
Personal A/c	Real A/c	Nominal A/c
|	|	|
Name or Bank Name	Goods & Fixed Assets	Expenses & Losses
|	|	|
Capital A/c,Bank A/c,Ravi A/c,Supplier A/c,Customer A/c Etc..	Cash A/c , Furniture A/c,Purchase A/c , Cash Sales A/c,Credit Sales A/c,Computer A/c,Machinery Purchase A/c , Etc....	Rent Paid ,Salary Paid , Wages A/c , Fees Received ,Depreciation A/c , Etc..
|	|	|
(Dr). Debit the Receiver (Cr.) Credit The Giver	(Dr). Debit What Comes In (Cr). Credit what Goes Out	(Dr). Debit all Expenses , Losses (Cr). Credit all Incomes & Gains
|	|	|
Lenin Commenced Business With cash Rs.5000	Purchased Goods From Boy-Rs.2000	Salary Paid by Cheque Rs.1000
|	|	|
Dr.Cash A/c (Real A/c) - Receiver Cr.Lenin Capital A/c (Personal A/c) - Giver	Dr.Purchase Goods A/c (Real A/c - Comes into Company) Cr.Boy A/c (Personal A/c - Giver)	Dr.Salary A/c (Expenses A/c ) Cr.Bank A/c (Personal A/c - Giver)
Dr.Cash A/c - 5000 Cr.Lenin Capital A/c 5000	Dr.Purchase Goods A/c 2000 Cr.Boy A/c 2000	Dr.Salary A/c 1000 Cr.Bank A/c 1000
|	|	|
He Deposited into Bank A/c Rs.2000	Purchased Furniture Rs.1000 by Cash	Received Income for fees Rs.1000 by Cash
Dr.Bank A/c - 2000 Cr.Cash A/c - 2000	Dr.Furniture A/c -1000 Cr.Cash A/c - 1000	Dr.Cash A/c - 1000 Cr.Fees Received A/c-1000
Bank A/c is Receiver So Debit the Amount Cash A/c is Goes Out from Company So Credit the Amount	Furniture is Fixed Asset.it is comes into company So Debit Cash A/c -Amount Goes out from company So Credit	Cash A/c - Amount Comes into Business So Debit Fees is Income So Credit

ACCOUNTING VOUCHERS - PART 1

BEST WAY TO LEARN TALLY ERP 9 - BASED ON GOLDEN KEYS OF TALLY ERP9 (DAY 1)

1) COMPANY CREATION

1. Go Company Info Screen Press C or Press Down Arrow upto Create Company Press Enter

2. Type the below details & Press Enter One By One other details pls leave blank for this exercise-----------
   

Name : RamSaravana Soft Pvt Ltd
Statutory Complaince For : India
State : Tamilnadu
Maintain : Accounts Only
Financial Year From : 1-4-2013
Book Beginning From :1-4-2013

After Enter Books Beginning From Date ---- Press CTRL + A to Accept Yes

Note : CTRL + A To Accept Any Screen (or) To Save Entered Data

2) ACCOUNTS INFORMATION

1. Go Accounts Info (Press A or Enter)> Ledgers > Alter > Select CASH > Press Enter one by One upto Opening Balance(01-Apr-2013) : 10000 Type Rs.10000/- Your Cash in Hand Amount(After Entered Opening Balance of your Cash in Hand Amount Press Enter Accept Yes or PRESS CTRL + A)

2. After Saved Press Escape Key Again and Again to view GateWay Of Tally Screen

3) REPORTS AND CONFIGURATION

1. In Gateway of Tally Screen > Press D or Select Display and Press Enter

2. Press A or Select Accounts Books > Cash/Bank Books > You Can View Opening Balance Details

4) PRINTING & CONNECTIVITY

1. in CASH/BANK SUMMMARY > Click PRINT or PRESS ALT + P >

2. Print Yes or No Question arrived

3. Print Escape to Set Configuration Settings

4. in Right Side Pane You Can Cick You want to Select Printer or To Set Page Nos or To View Preview , Etc...

5. After All Settings Completed You Can Print YES ........

6. Finally to go Gateway of Tally > Press Escape again and again ........