BASIC ACCOUNTS OF TALLY

 

BASIC ACCOUNTS

Tally is an accounting software

Accounts purpose

profit&loss A/C

cash flow

Accounts format

Date	Particulars	Debit(gw;W)	Credit(tuT)

Golden Rules

Personal Accounts(jdpegh; fzf;F)

Real Accounts(nrhj;J fzf;F)

Nominal Accounts(ngausT fzf;F)

Personal Accounts

Debit the receiver(ngWgtiu gw;W it)

Credit the giver(jUgtiu tuT it)

Real Accounts

Debit what comes in(cs; tUtdtw;iw gw;W it)

Credit what goes out(ntsp nry;tdw;iw tuT it)

Nominal Accounts

Debit all expenses and losses(midj;JnryTkw;Wk;e\;lj;ijgw;Wit)

Credit all income and gain(midj;JtuTkw;Wk;yhgj;ijtuTit)

ü Purchase->debit

ü Sales->credit

ü Purchase return->credit

ü Sales return->debit

ü Expenses->debit

ü Income->credit

ü Cash in hand->debit

ü Cash out->credit

Purchase->Debit

§      Cash purchase

§      Credit purchase

1/4/2023 Cash purchase Rs.1500/-

1/4/2023 Credit purchase from Arun Rs.25000/-

DATE	PARTICULAR	DEBIT	CREDIT
1/4/2023	By purchase A/c  Dr   To cash	1500	1500
1/4/2023	By purchase A/c  Dr   To Arun	25000	25000

 

Sales->credit

§      Cash sales

§      Credit sales

1/4/2023 Cash sales Rs.5000/-

1/4/2023 Credit sales to Hari Rs.95000/-

DATE	PARTICULAR	DEBIT	CREDIT
1/4/2023	By cash A/c  Dr   To sales	5000	5000
1/4/2023	By hari A/c  Dr   To sales	95000	95000

Purchase Return->credit

1/4/2023 Purchase return to arun Rs.500/-

DATE	PARTICULAR	DEBIT	CREDIT
1/4/2023	By arun A/c  Dr   To purchase return	500	500

Sales Return->Debit

1/4/2023 Sales return from hari Rs.1200/-

DATE	PARTICULAR	DEBIT	CREDIT
1/4/2023	By sales return A/c  Dr   To hari	1200	1200

Expenses->Debit

§      Direct expenses

§      Indirect expenses

1/4/2023 Travel expenses Rs.1000/-

1/4/2023 wages paid Rs.250/-

1/4/2023 Salary paid Rs.6000/-

1/4/2023 Rent paid Rs.3000/-

1/4/2023 Stationary expenses Rs.150/-

 

 

 

DATE	PARTICULAR	DEBIT	CREDIT
1/4/2023	By travelexpenses A/c  Dr   To cash	1500	1500
1/4/2023	By wages A/c  Dr   To cash	250	250
1/4/2023	By salary A/c Dr   To cash	6000	6000
1/4/2023	By Rent A/c Dr   To cash	3500	3500
1/4/2023	By Stationaryexpenses A/c Dr   TO cash	150	150

Income->credit

§      Direct income

§      Indirect income

1/4/2023 Received capital Rs.10000/-

DATE	PARTICULAR	DEBIT	CREDIT
1/4/2023	By cash A/c  Dr   To capital	10000	10000

Cash in hand->Debit

§      Cash

§      Cheque

§      Bank

1/4/2023 Received cash from kannan Rs.20000/-

1/4/2023 Received cheque from mari Rs.15000/-

1/4/2023 Withdraw from SBI Rs.25000/-

DATE	PARTICULAR	DEBIT	CREDIT
1/4/2023	By cash A/c  Dr   To kannan	20000	20000
1/4/2023	By bank A/c  Dr   To mari	15000	15000
1/4/2023	By cash A/c Dr   To sbi	25000	25000

Cash out->Credit

§      Cash

§      Cheque

§      Bank

1/4/2023 Payment made by cash to siva Rs.22000/-

1/4/2023 Payment made by cheque to magesh Rs.30000/-

1/4/2023 Deposit to sbi Rs.25000/-

DATE	PARTICULAR	DEBIT	CREDIT
1/4/2023	By siva A/c  Dr   To cash	22000	22000
1/4/2023	By magesh A/c  Dr   To bank	30000	30000
1/4/2023	By sbi A/c Dr   To cash	25000	25000