Problem 1.

Journalize the following transactions in Tally:

1. Commenced business with cash Rs.10, 000.

2. Deposit into bank Rs. 15,000
3. Bought office furniture Rs.3,000
4. Soled goods for cash Rs.2,500
5. Purchased goods form Mr X on credit Rs.2,000
6. Soled goods to Mr Y on credit Rs.3,000
7. Received cash form Mr. Y on account Rs.2,000
8. Paid cash to Mr X Rs. 1,000
9. Received commission Rs. 50
10. Received interest on bank deposit Rs. 100
11. Paid into bank Rs. 1,000
12. Paid for advertisement Rs.500
13. Purchased goods for cash Rs. 800
14. Sold goods for cash Rs. 1,500
15. Paid salary Rs. 500
Solution: Create Ledgers: Gateway of tally > Account info > Ledger > Create
Record Entries: Gateway of Tally > Accounting Voucher

Sr.
Key Voucher Ledger Group Amount
No
Cr. Capital Capital account 10,000
1 F6 Receipt
Dr. Cash Cash in hand 10,000
Cr. Cash Cash in hand 15,000
2 F4 Contra
Dr. Bank Bank account 15,000
Dr. Office furniture Fixed asset 3,000
3 F5 Payment
Cr. Cash Cash in hand 3,000
Dr. Cash Cash in hand 2,500
4 F8 Sales
Cr. Sales Sales account 2,500
Cr. X Sundry creditor 2,000
5 F9 Purchase Dr. purchase Purchase
2,000
account
Dr. Y Sundry debtors 3,000
6 F8 Sales
Cr. Sales Sales account 3,000
Cr. Y 2,000
7 F6 Receipt
Dr. cash Cash in hand 2,000
Dr. X 1,000
8 F5 Payment
Cr. Cash Cash in hand 1,000
Cr. Commission Indirect income 50
9 F6 Receipt
Dr. cash Cash in hand 50
Cr. Interest on bank Indirect income
100
10 F6 Receipt deposit
Dr. Bank Bank account 100
Cr. Cash Cash in hand 1,000
11 F4 Contra
Dr. Bank Bank account 1,000
Dr. Advertisement Indirect
500
12 F5 Payment expenses
Cr. Cash Cash in hand 500
Cr. Cash Cash in hand 800
13 F9 Purchase Dr. purchase Purchase
800
Cr cash account
Dr. cash Cash in hand 1,500
14 F8 Sales
Cr. Sales Sales account 1,500
Dr. salary Indirect
500
15 F5 Payment expense
Cr. Cash Cash in hand 500
 Problem 2.

Record the following transactions in Tally:

1. Commenced business with cash 10,000

2. Deposited into bank 5,000
3. Purchased goods for cash 3,000
4. Sold goods for cash 2,500
5. Purchased goods from Anish on credit 4,000
6. Sold goods to Bindra on credit 4,500
7. Withdraw from bank 3,000
8. Paid Anish on account 2,000
9. Received from Bindra on account 2,500
10. Took loan from Chitra 5,000
11. Gave loan to Dipesh 4,000
12. Paid salary 1,000
13. Cash withdraw from the business for personal use 200
14. Rent paid to Ekta 1,000

Hint:
Ledger Group
Capital Capital Account
Cash Cash in hand
Bank Bank account
Purchase Purchase account
Sales Sales account
Anish Sundry creditor
Bindra Sundry debtor
Chitra Sundry creditor
Dipesh Sundry debtor
Salary Indirect expenses
Drawings Capital account
Rent Indirect expenses
Problem 3. Record the following transactions in Tally:

Roa and company

Rs.
1. Bought goods for cash 2,500
2. Bought office furniture for cash 500
3. Paid for postage 10
4. Purchased goods from Rajkamal 2,000
5. Sold goods for cash 150
6. Bought goods from Rahim 400
7. Sold goods to Suresh 400
8. Sold goods to Nayak 250
9. Purchased goods for cash 400
10. Recevied cash from Nayak 200
11. Paid cash to Rahim 50
12. Returned goods to Ralkamal 200
13. Suresh returned goods 50
14. Paid salary 150
15. Sold goods for cash 500
16. Rao withdraw for his personel use 800
17. Paid for stationery 100
18. Paid rent 50
19. Received commission 225
Hint:
Ledger Group
Capital Capital account
Purchase Purchase account
Postage Indirect expenses
Rajkamal Sundry Creditor
Sales Sales account
Rahim Sundry Creditor
Suresh Sundry Debtor
Nayak Sundry Debtor
Purchase returns Purchase account
Salary Indirect expenses
Drawings Capital account
Stationary Indirect expenses
Rent Indirect expenses
Commission Indirect income
Problem 4.

Record the following transactions in Tally:

1. Commenced business with cash Rs. 10,000.

2. Purchased goods for cash Rs.3,000.
3. Opened a bank account with Rs.2,000.
4. Purchased stationary Rs.1,00.
5. Purchased furniture Rs.1,000.
6. Sold goods to A Rs.2,000.
7. Purchased goods from B Rs.2,000.
8. Sold goods for cash Rs.1,000.
9. Paid for postage Rs.20.
10. Took loan from C Rs.1,500.
11. Paid rent Rs.300.
12. Withdraw from bank Rs.800.
13. Received from A on account Rs.500.
14. Paid commission by cheque Rs.200.

Hint:

Ledger Group
Capital Capital account
Purchase Purchase account
Bank Bank account
Purchase Purchase account
Stationary Indirect expenses
Furniture Fixed asset
Sales Sales account
A Sundry debtor
B Sundry Creditor
Potage Indirect expenses
C Sundry Creditor
Rent Indirect expenses
Commission Indirect expenses
Problem 5.

Record the following transactions in Tally:

Haridas and company

1. Started business with cash Rs.10,000,furniture Rs.4,000 and machinery Rs.5,000.

2. Bought goods from Anil on credit Rs. 4,000 and for cash Rs.5,000.
3. Sold goods to Rajesh on credit Rs.5,000 and for cash Rs.3,000.
4. Bought goods from Arun Subject to trade discount of 2% of Rs.2,000.
5. Sold goods to Ramesh subject to trade discount of 5% of Rs.4,000.
6. Paid salary Rs.1,000, printing Rs.150 and wages rs.100.
7. Received rent Rs.500, commission Rs.400.
8. Received a cheque from Ganesh Rs.1,000.

Hint:
Ledger Group
Capital Capital account
Furniture Fixed asset
Machinery Fixed asset
Purchase Purchase account
Anil Sundry Creditor
Sales Sales account
Rajesh Sundry debtor
Arun Sundry creditor
Ramesh Sundry debtor
Salary Indirect expenses
Printing Indirect expenses
Wages Direct expenses
Rent Indirect expenses
Commission Indirect expenses
Ganesh Sundry creditor
Trade discount Indirect expenses
Problem 6.

Record the following transactions in Tally:

Rakesh and company

1. Started business with cash Rs. 2,000, Bank Rs. 20,000.

2. Issued cheque for goods purchased Rs. 1,000.
3. Bought goods for cash Rs.8,000.
4. Bought furniture from Anil for cash Rs.100.
5. Bought goods from Harish Rs. 1,500.
6. Bought goods from Chandan on credit Rs. 5,800.
7. Returned damaged goods to Chandan Rs.800.
8. Bought goods from Naveen and paid by cheque
immediately Rs.400.
9. Sold goods to Gautam Rs. 1,000.
10. Received a cheque from Gautam Rs.1,000 for goods sold.
11. Paid commission Rs.2,000.
12. Paid wages by cheque Rs.4,000.
13. Draw cheque for personal use Rs.4,000.
14. Draw cash for personal use from bank Rs.3,000.
15. Receive a cheque from Manju Rs.2,800.
16. Borrow loan from Anand Rs.1,000.
17. Paid to Anand Loan with interest Rs.1,000.

Hint:
Ledger Group
Capital Capital account
Bank Bank account
Purchase Purchase account
Anil Sundry Creditor
Chandan Sundry Creditor
Harish Sundry Creditor
Purchase return Purchase account
Naveen Sundry Creditor
Sales Sales account
Gautam Sundry debetor
Commission Indirect expenses
Wages Direct expenses
Drawings Capital account
Manju Sundry Creditor
Anand Sundry Creditor
Problem 7.

Record the following transactions in Tally:

1. He commenced business with Cash Rs. 20,000 Building Rs. 5,000

machinery Rs. 5,000.
2. He purchased from john for cash Rs. 6,000
3. He purchased from john for credit Rs. 5,000
(new ref:122 duration: 10 days)
4. He sold John for credit Rs. 3,000
(new ref:123, duration 10 days)
5. He sold to Harish for cash Rs. 3,000
6. He sold to Harish on credit Rs. 4,000
(new ref:145 duration 15 days)
7. He purchased from Harish for credit Rs. 3,000
(new ref: 146, duration 15 days)
8. He paid salary Rs. 3,000 and Wages Rs. 300.