Question :

Create a company named HARIT AND SONS. Create all ledgers and accounting vouchers in
tally for the following transactions:

1. Commenced business with cash Rs. 180000.

2. Deposited into Indian Bank Rs. 55000.

3. Purchases goods for Rs. 22000.

4. Bought goods from Siva Rs. 72000.

5. Cash sales Rs. 16200.

6. Cash deposited into bank Rs. 23000.

7. Purchased furniture for cash Rs. 4000.

8. Sold goods to Ram Rs. 12700.

9. Received cash from Ram Rs. 12446, allowed discount Rs. 254.

10. Paid Siva cash Rs. 12000, Discount Rs. 240.

11. Paid wages Rs. 1800.

12. Sold goods to Raj Rs. 35000.

13. Paid cash for trade expense Rs. 150.

14. Sold goods to Roja Rs. 23280.

15. Received from Raj Rs. 21000, Discount allowed Rs. 525.

16. Paid Siva cash on a/c Rs. 24000.

17. Sold goods for cash Rs. 9000.

18. Cash paid for stationary Rs. 180.

19. Paid for miscellaneous expense Rs. 150.

20. Bought goods from Sri Rs. 17870.

21. Withdrew cash for private expense Rs. 1480.

22. Depreciation on machinery @ 10% for machinery worth Rs. 50000.

Solution:

HARIT AND SONS

DELHI
PARTICULAR DEBIT CREDIT VOUCHER SHORTCUT
KEY

Cash 180000 Receipt F6

To Capital A/c 180000

Indian Bank A/c 55000 Contra F4

To Cash 55000

Purchase A/c 22000 Purchase F9

To Cash 22000

Purchase A/c 72000 Purchase F9

To Siva A/c 72000

Cash 16200 Sales F8

To Sales A/c 16200

Indian Bank A/c 23000 Contra F4

To Cash 23000

Furniture A/c 4000 Payment F5

To Cash 4000

Ram A/c 12700 Sales F8

To Sales A/c 12700

Cash 12446 Receipt F6

To Ram A/c 12446

Dis. All. A/c 254 Journal F7

To Ram A/c 254

Siva A/c 12000 Payment F5

To Cash 12000
Siva A/c 240 Journal F7
To Dis. Rcd. A/c 240

Wages A/c 1800 Payment F5

To Cash 1800

Raj A/c 35000 Sales F8

To Sales A/c 35000

Trade Exp. A/c 150 Payment F5

To Cash 150

Roja A/c 23280 Sales F8

To Sales A/c 23280

Cash 21000 Receipt F6

To Raj A/c 21000

Dis. All. A/c 525 Journal F7

To Raj A/c 525

Siva A/c 24000 Payment F5

To Cash 24000

Cash 9000 Sales F8

To Sales A/c 9000

Stationary A/c 180 Payment F5

To Cash 180

Misc. Exp. A/c 150 Payment F5

To Cash 150
Creation of company:

 Select Create Company option in the menu and press enter key.
 The screen displayed in-front of you is company creation screen.
Creating all ledgers:

 From Gateway of Tally, go to Accounts Info.

 Then go to Ledgers.
 Now, under Single Ledger, select the option Create.
 Now you will see a simple Ledger Creation window in which you will have to enter
certain details about the ledger.
Posting in Vouchers:
 Post all the transaction in the relevant vouchers.
Balance sheet:
 Go to Gateway of tally and click on balance sheet to view the details.