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How to do Journal entries in tally ERP 9

How to do Journal entries in tally ERP 9

To make a journal entry in Tally we have to open ledger first and then make a journal entry in tally

Example:

1 Started Business with cash Rs 10000.

Journal entry will Be

Cash A/c Dr 100000

To capital A/c 100000

( being business started )

  1. Deposited into Bank 50000

Bank A/c 50000

To cash A/c 50000

(being cash deposited into bank)

  1. Purchase Goods costing Rs 20000 form Shyam .

Purchase A/c Dr  20000

To Shyam  20,000

(being goods purchased)

  1. Sold goods to Mohan Rs 25000

Mohan A/c    25000

To sales A/c 25000

(being goods sold)

5 Paid Salary to Gopal Rs 2000 by cheque .

Salary A/c  2000

To cash A/c 2000

(being salary paid )

6 The commission received for cash Rs 7000

Cash A/c   7000

To commission A/c 7000

(being commission received)

  1. Paid cash to Shyam and discount received 5%.

Shyam Dr   19000

‘To cash A/c 19000

To discount Received A/c 1000

(being cash paid and discount received )

How to create Ledger in Tally

When we start tally we have to Go to Gateway to Tally

gateway of tally

from here we have to first open account or ledger first and then journal entry.

Note: In Tally, we have to first create ledger first:

  • Go to gateway of tally >Accounts info > Ledger > create > Type > Capital A/c > under head (capital .

and save the ledger

 

Here important thing is to select ledger list of group means under which head ledger will be made

ledger creation screen appears like

Similarly, creates more ledger such as

Ledger Under List of Group
Capital a/c Capital
Bank A/c Bank
Purchase A/c Purchase
Shyam Sundry Creditor
Mohan Debtor
Salary A/c Indirect expense
Sales A/c Sales
Commission A/c Indirect income
Discount received A/c Indirect income

 

Note: cash and Profit and loss ledger need not to be created they are present in tally default and one should not delete this ledger otherwise the company will be corrupt.

To make journal entry we have to go to gateway of tally > Accounting voucher

here we have to use several keys

Accounting Voucher keys Use
F2 Date change
F4 Contra entries cash to bank /bank to cash
F5 Payment cash or bank payment
F6 Receipt Cash or bank receipt
F7 Journal entries all adjustment entries
F8 All credit sales note when inventory is not described
F9 All credit purchase note when inventory is not described

 

1 Started Business with cash Rs 10000.

In the above entry cash is the receipt, therefore, it will be made in F6 receipt .f2 is used to changing the date. Note in tally Dr and Cr will change their place sometimes Dr comes first and sometimes Cr comes first, therefore, that should be kept in mind before making voucher entry.

Press f12 to set configuration as

Set use single entry mode for payment /receipt /contra voucher NO

Set use Cr/Dr instead of To /By during entry YES

 

  1. Deposited into Bank 50000.

It is a contra entry. Go to the gateway of tally > accounting voucher >F2 is used to change date and F4 for contra entry

Dr and Cr respective account in accounting voucher now.

 

  1. Purchase Goods costing Rs 20000 from Shyam.

Journal entry of credit Purchase

It is a credit purchase entry.Go to the gateway of tally > accounting voucher >F2 is used to change a date and F9  for credit purchase entry Ctr + V for accounting voucher screen

dr and cr respective account in accounting voucher now.

 

  1. Sold goods to Mohan Rs 25000

Journal entry of credit sales

It is a credit sales entry.Go to a gateway of tally > accounting voucher >F2 is used to change the date and F8  for credit sales Ctr + V for accounting voucher screen

dr and cr respective account in accounting voucher now.

 

 

5 Paid Salary to Gopal Rs 2000 by cheque.

Its a payment entry .F5 payment

It is a payment entry. Go to the gateway of tally > accounting voucher >F2 is used to change the date and F5 for payment

dr and cr respective account in accounting voucher now.

6 The commission received for cash Rs 7000

Its a Receipt entry .F6 Receipt.

It is a Receipt entry. Go to the gateway of tally > accounting voucher >F2 is used to change date and F6 for Receipt

dr and cr respective account in accounting voucher now.

  1. Paid cash to Shyam and discount received 5%.

this entry can be divided into parts

How to create Ledger in Tally

When we start tally we have to Go to Gateway to Tally

 

Updated: August 16, 2019 — 3:54 pm

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