Tally Prime

Prepared by – Babloo Sir (8368894657)

➢ Vikas Started Business with Rs 3 Lacs.

Solution

Dr.
Cr.

Page 64

Prepared by – Babloo Sir (8368894657)

➢ Purchase Machinery Rs 50,000 by cheq

Solution

Dr.
Cr.

que

Page 65

Prepared by – Babloo Sir (8368894657)

➢ Withdraw from bank for Personal Use R

Solution

Dr.
Cr.

Rs 500.

Page 66

Prepared by – Babloo Sir (8368894657)

➢ Purchase Laptop Rs 25000 and paid by A

Solution

Dr.
Cr.

ATM Card.

Page 67

Prepared by – Babloo Sir (8368894657)

➢ Paid into Bank Rs 10,000

Solution

Dr.
Cr.

Page 68

Prepared by – Babloo Sir (8368894657)

➢ Withdraw from bank for Office use Rs 900

Solution

Dr.
Cr.

00

Page 69

Prepared by – Babloo Sir (8368894657)

Assignm

Q- Do the journal Entries of following – Real Acc

Transa

1 Paid for Furniture Purchase Rs 6000.
2 Withdraw from Bank Rs 4000.
3 Vikram Commenced Cash 40,000 in Business.
4 Deposit cash Rs 5000 into Bank Account.
5 Paid Rs 6000 into Petty cash Account.
6. Cash withdraw for Personal Use Rs 3000.

ment – 3
count

action

Page 70

Prepared by – Babloo Sir (8368894657)

Cash
Main

Book
ntain

Page 71

Prepared by – Babloo Sir (8368894657)

Disco

Dr.
Received

ount

Cr.
Paid

Page 72

Prepared by – Babloo Sir (8368894657)

Case 1 – Received cash/Cheque and Discount
Case 2 – Paid Cash/Cheque and Discount Rece

Allowed Comes Under – Indirect Expenses

eived Comes Under – Indirect Income

Page 73

Prepared by – Babloo Sir (8368894657)

➢ Received Cash from Mahesh Rs 270, Dis

Solution

Dr.
Dr.
Cr.

scount Allowed Rs 30

Page 74

Prepared by – Babloo Sir (8368894657)

➢ Received Cheque from Sunil Rs 500, Dis

Solution

Dr.
Dr.
Cr.

scount Allowed 10%

Page 75

Prepared by – Babloo Sir (8368894657)

➢ Received cheque from Janvi Rs 190 in Fu

Solution

Dr.
Dr.
Cr.

ull Settlement of Rs 200

Page 76

Prepared by – Babloo Sir (8368894657)

➢ Paid to Krishna Rs 450, Discount Receive

Solution

Dr.
Cr.
Cr.

ved Rs 50.

Page 77

Prepared by – Babloo Sir (8368894657)

➢ Paid to Krishna Rs 1000, Discount Recei

Solution

Dr.
Cr.
Cr.

ived 10%.

Page 78

Prepared by – Babloo Sir (8368894657)

➢ Issue Cheque in Favour of Suraj Rs 930 i

Solution

Dr.
Cr.
Cr.

in Full settlement of Rs 1000.

Page 79

Prepared by – Babloo Sir (8368894657)

Assignm

Q- Do the journal Entries of following – Discount

Transa

1 Issue cash in Favour of Arun Rs 3000, Discount
2 Cash Received Rs 800 from Madhav, Discount A
3 Cheque Received Rs 2600 from Pranav in full Se
4 Paid to Varun by Cheque Rs 760 Discount Recei
5 Received Cash from Inder Rs 2000, Discount 40

ment – 4
t Entry

action

25%
Allowed him Rs 200
ettlement of Rs 3000.
ived Rs 140.
0%

Page 80

Prepared by – Babloo Sir (8368894657)

Cash B
Maintain M

Book
Manually

Page 81

Prepared by – Babloo Sir (8368894657)

Cash/Bank Book

TALLY PRIME

What is Cash / Bank Book?

In business firms there will be many transactions relating to cash. To record cash transaction,
separate book is kept which is called Cashbook. The function of cashbook is to keep records of all cash
transactions. All cash transactions are directly recorded in cashbook without passing through other
subsidiary books. Cashbook takes the place of cash account that is it is not necessary to open separate
cash account in the ledger after keeping record in the cashbook.

A cashbook with discounts and bank Column is triple column cashbook. Three accounts are combined. In
business firm most of the payment are received and paid by cheque. Transactions are preformed
through bank. When business firm makes payment its creditor by Cheque then such payment is entered
on credit side in bank column.

✓ Step for Create Voucher Entry in Tally Prime

Create New Company→ Gateway of Tally → Ledger → Create or Create Short-cut while Entry
In Voucher

Create all ledger related to entry without amount (If Ledger create).

Note →

 Cash Ledger is already exist, Insert amount if given using Page Up/Down keys or pass

Amount in Alter.

 Cash amount or bank overdraft and bank balance - amount fill in ledger entry, which is

single entry Ledger (Opening Balance)

 After Create Ledger Goto Gateway Of Tally → Accounting voucher - (F2) Voucher Date

Press F4 /F5 or F6 (According to Voucher Entry) – For short Ledger create in voucher Press

(Alt+C) and create short-cut ledger no need for create duplicate ledger again.

✓ If Some Voucher Entry is wrong or wrong amount fill or Delete Voucher.

Day book →click on Voucher and press enter to modify entry if Want to delete Press
(Alt+D) for Delete voucher

✓ If Dr/Cr not shown in voucher entry then Press

 Press Ctrl + H (Change Mode View)

o Single Entry
o Double Entry

Page 82

Prepared by – Babloo Sir (8368894657)

Example

Prepare Cash Book of the following transaction.

2020 Rashid started business with cash Rs 2020 Sold good for cash Rs
Apr 1 Bought good by cash 8,000 Apr 2 Paid for stationery 1,500
Apr 1 Received cash from Sachin. 5,000 Apr 2 Paid for office furniture
Apr 1 Paid into Bank Apr 2 Received cash from Mr. 15
Apr 1 360 Apr 2 Karan 185
3,000 Paid for advertisement 680
Apr 1 Paid cash to Shivam Apr 2 Paid rent
Apr 1 Sold good for cash 215 Apr 2 Paid electric charges 90
Apr 1 Purchase postage stamps 100 Apr 2 100
(Cash book →Rs 2,012) 15
8

Q-1 Prepare Cash Book of the following transaction. Rs.
1, 10,500
Balance of cash in hand 95,000
Bank Balance 32000
Purchase good by cash 6500
Received commission 7,150
Paid to veer on account 10,000
Sold good for cash 6000
Paid Office rent 550
Paid commission

(Cash book →Rs.81, 300,Bank Balance 95000)

Sol:

(L) → Cash - cash in hand - 110500

(L) → Bank - Bank A/c - 95000

(F5) → Purchase Dr. 32000

Cash Cr. 32000

Purchase → Purchase A/c

Page 83

Prepared by – Babloo Sir (8368894657)

(F6) → Cash Dr. 6500 6500
Commission Rec Cr.

Commission Rec → Indirect Income 7150
(F5) → Veer Dr. 7150

Cash Cr.
Veer → Sundry Creditor

(F6) → Cash Dr. 10000

Sales Cr. 10000
Sales →Sales A/c

(F5) → Office rent Dr. 6000
Cash Cr. 6000

Office rent → Indirect Expenses.

(F5) → Commission Dr. 550
Cash Cr. 550

Commission → Indirect Expenses.

Q- 2 Prepare Cash Bookand Bank Book of the following transaction

2019 Rs. 2019 Rs.
500
1-May Cash balance 500 2-May Drawn from bank 400
800
1-May Bank balance 1,750 2-May Paid office clerk salaries 100
750
1-May Cash received from sale 5,500 2-May Sold good and bank the same 300

1-May Paid into bank 5,000 2-May Paid rent by cheque

1-May Paid Sunil by cheque 1,250 2-May Paid into bank

1-May Received cheque from Anu 620 2-May Paid wages in cash

and deposit into bank

(Cash Book → 50 / Bank Book → 7,070)

Page 84

Prepared by – Babloo Sir (8368894657)

Q-3 Prepare Cash Book and Bank Book of the following transaction

2020 Cash in hand Rs.
5,000
April 1 Bank Balance (Cr.)
Paid wages 1,000
April 1 Deposited into bank 1,500
April 1 Cash sales 2,000
April 1 Sold good and bank the same 7,500
April 1 Draw cash from bank for personal use 5,000
April 2 Paid to Vikas full settlement 1,000
April 2 Received cash from ram Rs 2,000 3,500
April 2
April 2

(Cash Book → 7,500 / Bank Book → 5,000)

Q- 4 .Prepare Cash Bookand Bank Book of the following transaction.

Date Transaction Rs.

Jan - 1 Cash in hand 300

Jan – 1 Bank overdraft 450

Jan – 1 Paid salaries for march 250

Jan - 1 Purchase good for cash 30

Jan – 1 Cash sales 80

Jan – 1 Issued cheque in favors of Krishna to settlement their account for Rs270 260

Jan - 1 Received cash from Naina& co. discount Rs 15 235

Jan - 2 Received cheque from Janvi Bros in full settlement of their debts of Rs. 200 and

paid the same into ban on the same day 190

Jan – 2 Cash sent to bank 200

Jan – 2 Cheque issue in favour of Mukesh for purchase of furniture 150

Jan – 2 Cheque of Janvi Bros dishonored bank debit in respect of charges 2 Rs Charge

Extra for cheque Dishonored (Bouns)

Jan – 31 Paid rent by cheque 100

Jan – 31 Bank collect interest on Available Balance 150
(Cash Book → 135 / Bank Book → 612)

Page 85

Prepared by – Babloo Sir (8368894657)

Q-5 You are required to prepare Cash Book for the following transaction

2020 Balance from the last months Rs.
April-1 Received cash from Simran 1879.17
April-1 Purchases a radio set for private use 3400
April-1 Purchases goods for cash 1000
April-1 Cash sales 1500
April-1 Paid salary 1860
April-1 received from Nisha 150
April-1 Paid Nareshchand in full settlement of his account of Rs. 250 1000
April-1 Paid for Postage 225
April-1 Sent money order to satishchand 243.58
April-1 Money order commission 150
April-1 Krishna paid cash to us (Discount 13.75) 2.50
April-2 Cash purchase 1236.25
April-2 Paid for general expense 290
April-2 Received cash from Anand Prakash 14.50
April-2 Paid for stationary 280.60
April-2 Paid water rate bill 25
April-2 Paid for charity 10.75
April-2 Purchased a transistor for his son 5
April-2 200

(Cash balance – 5,839.69)

Q-6 Prepare Cash Book and Bank Book of the following transaction

2020 Mahesh Started business with cash and deposit half amount into Rs.
June-1 bank account. 40,000
Received cheque from Megha
June-1 Megha cheque deposit into bank 9000
June-2 Withdraw cash by Proprietor.
June-2 Sold good and received one third amount in cheque and remaining 3,000
June-2 as cash 15,000
Paid Audit fees by cheque
June-2 Draw cash from bank for office use 5000
June-2 Issued cash to Praveen full settlement in 1890 4,000
June-2 Megha Cheque Dishonored by bank (Reason-Signature Mistake) 2,000
June-2 Bank charges on Megha cheque deposit Rs. 150

(Cash Book →29,110 / Bank Book →15,850)

Page 86

Prepared by – Babloo Sir (8368894657)

Q-7 Prepare Cash Book and Bank Book of the following transaction

2020 Vikram Started business with cash Rs.
April 1 Vikram open Current A/c in HDFC Bank Using cash from capital 19,00,000
April 1 Paid wages by cheque 15,00,000
May 2 Paid salary by Cheque 30,000
May2 Paid Electric bill by cheque 26,000
May 2 Pay by cheque into ABC Charity 19,000
May 2 Vikram close HDFC Bank A/c and transfer all amount in Yes Bank 10,000
June-1 Paid to Vimal by cheque
July-1 Received Commission from Mahi 8,000
July-1 Paid to Nisha by NEFT 900
July-1 Bank charges NEFT to Nisha 1560
July-1 Received interest on Bank Balance. 5.60
Aug-1 90.55

(Cash Book →4, 00,900 / Bank Book →14, 05,524.95)

Q-8 Prepare Cash Book and Bank Book of the following transaction

2020 Cash Balance Rs.
April 1 50,000
April 1
April 2 Owner invest capital in Business 2,50,000
April 2
April 2 Deposit into HDFC Bank 40,000
April 2
April 2 Transfer cash amount into Petty-cash Account 15,000

April 2 Deposit cash into ICICI Bank 25,000
April 2
Paid by HDFC Bank to Vishal 5000

Paid Printing Rs 200 , Postage Rs 300 and Paper sheet 150 by Petty- 1000
Cash
Withdraw from ICICI bank and send to Petty-cash Account

NEFT 2000 RS into HDFC Bank from ICICI Bank Account

Answer -
Cash - 2,35,350 (15350 - Petty) , Bank - 59,000 (ICICI -22000)

Page 87

Prepared by – Babloo Sir (8368894657)

Solution- Journal Entries

Example Dr. 8000 8000 F6
Cr. (Receipt)
April -1 Cash
Capital F5
(Payment)
April -1 Purchase Dr. 5000 5000
Cash Cr. F6
(Receipt)
April -1 Cash Dr. 360
Sachin Cr. F4
(Sachin is Sundry Debtor) 360 (Contra)

April -1 Bank Dr. 3000 3000 F5
Cash Cr. (Payment)

April -1 Shivam Dr. 215 F6
(Receipt)
Cash Cr. 215
F5
(Shivam is Sundry Creditor) (Payment)

April -1 Cash Dr. 100 100 F6
Sales Cr. (Receipt)

April -1 Postage Stamps Dr. 8 8
Cash Cr.

April-2 Cash Dr. 1500 1500
Sales Cr.

Page 88

Prepared by – Babloo Sir (8368894657) Dr. 15 15 F5
Cr. (Payment)
April -2 Stationery
Cash Dr. 185 185 F5
Cr. (Payment)
April -2 Office furniture
Cash Dr. 680 680 F6
Cr. (Receipt)
April-2 Cash
Karan Dr. 90 90 F5
Cr. (Payment)
April -2 Advertisement
Cash Dr. 100 100 F5
Cr. (Payment)
April -2 Rent
Cash Dr. 15 15 F5
Cr. (Payment)
April -2 Electric charges
Cash

Q-2 Dr. 500 Ledger
(Alter)
May -1 Cash Dr. 1750
Ledger
May -1 Bank Dr. 5500 5500 (Create)
Cr.
May -1 Cash F6
Sales (Receipt)

Page 89

Prepared by – Babloo Sir (8368894657) Dr. 5000 5000 F4
Cr. (Contra)
May -1 Bank
Cash F5
(Payment)
May -1 Sunil Dr. 1250
Bank Cr. F6
(Sunil is Sundry Creditor) 1250 (Receipt)

May -1 Bank Dr. 620 F4
Anu Cr. (Contra)
(Anu is Sundry Debtor) 620
F5
May -2 Cash Dr. 500 500 (Payment)
Bank Cr.
F6
May -2 Salary Dr. 400 400 (Receipt)
Cash Cr.
F5
May -2 Bank Dr. 800 1500 (Payment)
Sales Cr.
F4
May -2 Rent Dr. 100 100 (Contra)
Cash Cr.
F5
May -2 Bank Dr. 750 750 (Payment)
Cash Cr.

May-2 Wages Dr. 300 300
Cash Cr.

Page 90

Prepared by – Babloo Sir (8368894657)

Q-3 Dr. 5000 Ledger
Apr -1 Cash (Alter)
Ledger
Apr -1 Bank Cr. 1000 (Create)

Apr-1 Wages Dr. 1500 1500 F5
Cash Cr. (Payment)

Apr-1 Bank Dr. 2000 2000 F4
Cash Cr. (Contra)

Apr-1 Cash Dr. 7500 7500 F6
Sales Cr. (Receipt)

Apr -2 Bank Dr. 5000 5000 F6
Sales Cr. (Receipt)

Apr -2 Drawing Dr. 1000 1000 F5
Bank Cr. (Payment)

Apr -2 Vikas Dr. 3500 F5
Cash Cr. (Payment)
(Vikas is Sundry Creditor) 3500
F6
Apr -1 Cash Dr. 2000 (Receipt)
Ram Cr.
(Ram is Sundry Debtor) 2000

Page 91

Prepared by – Babloo Sir (8368894657)

Q-4 Cash Dr. 300 Ledger
Jan -1 Cr. 450 (Alter)
Ledger
Jan -1 Bank (Create)

Jan-1 Salary Dr. 250 F5
Cash Cr. (Payment)
250

Jan -1 Purchase Dr. 30 F5
Cash Cr. 30 (Payment)

Jan -1 Cash Dr. 80 F6
Sales Cr. 80 (Receipt)

Jan -1 Krishna Dr. 270 F5
Bank Cr. 260 (Payment)
Discount Cr.
(Krishna is Sundry Creditor) 10

Jan -1 Cash Dr. 235 F6
Discount Dr. 15 (Receipt)
Naina 250
(Naina is Sundry Debtor) Cr.

Jan -1 Bank Dr. 190 F6
Discount Dr. 10 (Receipt)
Naina 200
(Janvi is Sundry Debtor) Cr.

Page 92

Prepared by – Babloo Sir (8368894657)

Jan -2 Bank Dr. 200 F4
Cash Cr. 200 (Contra)

Jan -2 Furniture Dr. 150 F5
Bank Cr. 150 (Payment)

Jan -2 Janvi Dr. 190 F5
Jan -31 Bank charges Dr. 2 (Payment)
Bank 192
(Reverse Amount to part if Cr. 100
cheque dishonoured by Bank. F5
Rent Dr. 100 (Payment)
Bank Cr.

Apr -2 Bank Dr. 150 F6
Cr. 150 (Receipt)
Interest Received
(Bank amount increase in
case of Received interest)

Q-5 Dr. 1879.17 Ledger
Apr -1 Cash (Alter)
F6
Apr -1 Cash Dr. 3400 (Receipt)
Simran Cr.
(Simran is Sundry Debtor) 3400

Apr -1 Drawing Dr. 1000 F5
Cash Cr. 1000 (Payment)

Page 93

Prepared by – Babloo Sir (8368894657)

Apr -1 Purchase Dr. 1500 F5
Cash Cr. 1500 (Payment)

Apr-1 Cash Dr. 1860 F6
Sales Cr. 1860 (Receipt)

Apr-1 Salary Dr. 150 150 F5
Cash Cr. (Payment)

Apr -1 Naresh chand Dr. 250 F5
Cash Cr. 225 (Payment)
Discount Cr.
(Naresh is Sundry Creditor) 25

Apr -1 Postage Dr. 243.58 F5
Cash Cr. 243.58 (Payment)

Apr -1 Satish chand Dr. 150 F5
Cash
(Satish is Sundry Creditor) Cr. 150 (Payment)

Apr -1 Commission Dr. 2.50 F5
Cash Cr. 2.50 (Payment)

Apr -2 Cash Dr. 1236.25 F6
Discount Dr. 13.75
Krishna 1250 (Receipt)
(Krishna is Sundry Debtor) Cr.

Page 94

Prepared by – Babloo Sir (8368894657) Dr. 290 F5
Cr. 290 (Payment)
Apr -2 Purchase
Cash Dr. 14.50 F5
Cr. 14.50 (Payment)
Apr -2 General Expenses
Cash Dr. 280.60 F6
Cr. 280.60 (Receipt)
Apr -2 Cash
Anand Prakash Dr. 25 F5
Cr. 25 (Payment)
Apr -2 Stationery
Cash Dr. 10.75 F5
Cr. 10.75 (Payment)
Apr -2 Water bill
Cash Dr. 5 F5
Cr. 5 (Payment)
Apr -2 Charity
Cash Dr. 200 F5

Apr -2 Drawing Cr. 200 (Payment)
Cash

Q-6 Dr. 20000 F6
Dr. 20000 40000 (Receipt)
June -1 Cash
Bank Cr.
Capital

Page 95