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 ............