Kalp Accounting Learning Articles

Practice Sheet - 5 (Transactions for the month of Aug' 2021) TRIMURTHY TRADERS (Prop : Mr. Surya Krishnamurthy)  Financial Year : 2021-22(April' 2021 to March' 2022) Assessment Year : 2022-23 (April' 2022 to March' 2023) Date : 01/08/2021 (Transaction No. 78) Amount paid to ABC Roadways for ₹2516/- vide chq no-700108 from Axis Bank Current A/c towards transportation for above purchase. Journal Entry Let's see how to enter the above transaction in TallyPrime. Steps to enter in TallyPrime. Go to Voucher Entry Screen Press 'F5' or click on 'F5:Payment'  Press 'F2' or click on 'F2:Date' to enter Date of Voucher/Date of Transaction. Place Debit Ledger and Credit Ledger Accounts with amount as mentioned in the image below. Press 'Ctrl+A' to Accept/Save Voucher. Now Voucher Entry for the above transaction is Complete.  

  Practice Sheet - 5 (Transactions for the month of Aug' 2021) TRIMURTHY TRADERS (Prop : Mr. Surya Krishnamurthy)  Financial Year : 2021-22(April' 2021 to March' 2022) Assessment Year : 2022-23 (April' 2022 to March' 2023) Date : 01/08/2021 (Transaction No. 77) Goods purchased from Sagar Traders, Odisha for ₹3,38,731.28 as per Invoice No-KA/1117. Item/Product/Taxable Value ₹2,87,516/-, CGST ₹25,607.64- and SGST ₹25,607.64 Total Invoice Value is ₹3,38,731.28(i.e Taxable Value ₹2,87,516 + CGST ₹25,607.64 + SGST ₹25,607.64). See the Invoice details below. Journal Entry Let's see how to enter the above Purchase Invoice in TallyPrime. Steps to enter in TallyPrime Press 'V' or select and press 'Enter' on 'Vouchers' of GOT(Gateway of Tally) Screen. Press 'F9' to enter Purchase Voucher/Purchase Invoice. Press 'F2' to enter Date of Voucher/Date of Invoice/Date of Transaction. If 'Item Invoice' mode is not active. Press '

Practice Sheet - 5 (Transactions for the month of Aug' 2021) TRIMURTHY TRADERS (Prop : Mr. Surya Krishnamurthy)  Financial Year : 2021-22(April' 2021 to March' 2022) Assessment Year : 2022-23 (April' 2022 to March' 2023) Date : 01/08/2021 (Transaction No. 76) ₹174/- paid towards petrol for Vehicle. Journal Entry Let's see how to enter the above transaction in TallyPrime. Steps to enter in TallyPrime. Go to Voucher Entry Screen Press 'F5' or click on 'F5:Payment'  Press 'F2' or click on 'F2:Date' to enter Date of Voucher/Date of Transaction. Place Debit Ledger and Credit Ledger Accounts with amount as mentioned in the image below. Press 'Ctrl+A' to Accept/Save Voucher. Now Voucher Entry for the above transaction is Complete.  

Practice Sheet - 5 (Transactions for the month of Aug' 2021) TRIMURTHY TRADERS (Prop : Mr. Surya Krishnamurthy)  Financial Year : 2021-22(April' 2021 to March' 2022) Assessment Year : 2022-23 (April' 2022 to March' 2023) Date : 01/08/2021 (Transaction No. 75) Amount paid to BSNL for ₹680/- towards bill for the month of July’ 2021. Journal Entry Let's see how to enter the above transaction in TallyPrime. Steps to enter in TallyPrime. Go to Voucher Entry Screen Press 'F5' or click on 'F5:Payment'  Press 'F2' or click on 'F2:Date' to enter Date of Voucher/Date of Transaction. Place Debit Ledger and Credit Ledger Accounts with amount as mentioned in the image below. Press 'Ctrl+A' to Accept/Save Voucher. Now Voucher Entry for the above transaction is Complete.  

Practice Sheet - 5 (Transactions for the month of Aug' 2021) TRIMURTHY TRADERS (Prop : Mr. Surya Krishnamurthy)  Financial Year : 2021-22(April' 2021 to March' 2022) Assessment Year : 2022-23 (April' 2022 to March' 2023) Date : 01/08/2021 (Transaction No. 74) Amount paid to CESU towards electric bill for the month of July’ 2021 for ₹510/-. Journal Entry Let's see how to enter the above transaction in TallyPrime. Steps to enter in TallyPrime. Go to Voucher Entry Screen Press 'F5' or click on 'F5:Payment'  Press 'F2' or click on 'F2:Date' to enter Date of Voucher/Date of Transaction. Place Debit Ledger and Credit Ledger Accounts with amount as mentioned in the image below. Press 'Ctrl+A' to Accept/Save Voucher. Now Voucher Entry for the above transaction is Complete.  

Practice Sheet - 5 (Transactions for the month of Aug' 2021) TRIMURTHY TRADERS (Prop : Mr. Surya Krishnamurthy)  Financial Year : 2021-22(April' 2021 to March' 2022) Assessment Year : 2022-23 (April' 2022 to March' 2023) Date : 01/08/2021 (Transaction No. 73) Amount paid to Mr. Rakesh Das for ₹4,000/- towards Rent for the month of July’ 2021. Journal Entry Let's see how to enter the above transaction in TallyPrime. Steps to enter in TallyPrime. Go to Voucher Entry Screen Press 'F5' or click on 'F5:Payment'  Press 'F2' or click on 'F2:Date' to enter Date of Voucher/Date of Transaction. Place Debit Ledger and Credit Ledger Accounts with amount as mentioned in the image below. Press 'Ctrl+A' to Accept/Save Voucher. Now Voucher Entry for the above transaction is Complete.  

Practice Sheet - 5 (Transactions for the month of Aug' 2021) TRIMURTHY TRADERS (Prop : Mr. Surya Krishnamurthy)  Financial Year : 2021-22(April' 2021 to March' 2022) Assessment Year : 2022-23 (April' 2022 to March' 2023) Date : 01/08/2021 (Transaction No. 72) ₹10,000/- paid towards salary for the month of July’ 2021. Journal Entry Let's see how to enter the above transaction in TallyPrime. Steps to enter in TallyPrime. Go to Voucher Entry Screen Press 'F5' or click on 'F5:Payment'  Press 'F2' or click on 'F2:Date' to enter Date of Voucher/Date of Transaction. Place Debit Ledger and Credit Ledger Accounts with amount as mentioned in the image below. Press 'Ctrl+A' to Accept/Save Voucher. Now Voucher Entry for the above transaction is Complete.    

Practice Sheet - 4 (Transactions for the month of July' 2021) TRIMURTHY TRADERS (Prop : Mr. Surya Krishnamurthy)  Financial Year : 2021-22(April' 2021 to March' 2022) Assessment Year : 2022-23 (April' 2022 to March' 2023) Date : 31/07/2021 (Transaction No. 71) Goods sold to Radhakrishna Enterprises, Odisha for ₹5,95,314.72 as per Invoice No-5 Item/Product/Taxable Value ₹5,04,504/-, CGST ₹45,405.36 and SGST ₹45,405.36 Total Invoice Value is ₹5,95,314.72(i.e Taxable Value ₹5,04,504 + CGST ₹45,405.36 + SGST ₹45,405.36). See the Invoice details below. Journal Entry Let's see how to enter the above transaction in TallyPrime. Steps to enter in TallyPrime. On GOT Screen, Press 'V' or select and press 'Enter Key' on 'Vouchers' Press 'F8' or click on 'F8:Sales' Press 'F2' to enter Date of Voucher/Date of Transaction. Enter Party A/c Name: ' Radhakrishna Enterprises, Odisha A/c' Sales Ledger: 'Sales A/c' St

Practice Sheet - 4 (Transactions for the month of July' 2021) TRIMURTHY TRADERS (Prop : Mr. Surya Krishnamurthy)  Financial Year : 2021-22(April' 2021 to March' 2022) Assessment Year : 2022-23 (April' 2022 to March' 2023) Date : 31/07/2021 (Transaction No. 70) Amount received from Jagannath Sales, Odisha through RTGS credited into Axis Bank Current A/c for ₹8,25,598.80 towards outstanding due. Journal Entry Let's see how to enter the above transaction in TallyPrime. Steps to enter in TallyPrime. Go to Voucher Entry Screen Press 'F6' or click on 'F6:Receipt'  Press 'F2' or click on 'F2:Date' to enter Date of Voucher/Date of Transaction. Place Debit Ledger and Credit Ledger Accounts with amount as mentioned in the image below. Press 'Ctrl+A' to Accept/Save Voucher. Now Voucher Entry for the above transaction is Complete.  

Practice Sheet - 4 (Transactions for the month of July' 2021) TRIMURTHY TRADERS (Prop : Mr. Surya Krishnamurthy)  Financial Year : 2021-22(April' 2021 to March' 2022) Assessment Year : 2022-23 (April' 2022 to March' 2023) Date : 31/07/2021 (Transaction No. 69) Amount received from Maa Electrical Pvt. Ltd, Odisha through IMPS deposited into Axis Bank Current A/c for ₹2,00,000/- towards outstanding due. Journal Entry Let's see how to enter the above transaction in TallyPrime. Steps to enter in TallyPrime. Go to Voucher Entry Screen Press 'F6' or click on 'F6:Receipt'  Press 'F2' or click on 'F2:Date' to enter Date of Voucher/Date of Transaction. Place Debit Ledger and Credit Ledger Accounts with amount as mentioned in the image below. Press 'Ctrl+A' to Accept/Save Voucher. Now Voucher Entry for the above transaction is Complete.  

Practice Sheet - 4 (Transactions for the month of July' 2021) TRIMURTHY TRADERS (Prop : Mr. Surya Krishnamurthy)  Financial Year : 2021-22(April' 2021 to March' 2022) Assessment Year : 2022-23 (April' 2022 to March' 2023) Date : 31/07/2021 (Transaction No. 68) Amount paid to Aman Lubricants as per CM No-425 for ₹344/- towards engine oil for vehicle. Journal Entry Let's see how to enter the above transaction in TallyPrime. Steps to enter in TallyPrime. Go to Voucher Entry Screen Press 'F5' or click on 'F5:Payment'  Press 'F2' or click on 'F2:Date' to enter Date of Voucher/Date of Transaction. Place Debit Ledger and Credit Ledger Accounts with amount as mentioned in the image below. Press 'Ctrl+A' to Accept/Save Voucher. Now Voucher Entry for the above transaction is Complete.  

Practice Sheet - 4 (Transactions for the month of July' 2021) TRIMURTHY TRADERS (Prop : Mr. Surya Krishnamurthy)  Financial Year : 2021-22(April' 2021 to March' 2022) Assessment Year : 2022-23 (April' 2022 to March' 2023) Date : 31/07/2021 (Transaction No. 67) Amount paid for ₹184/- towards purchase of gum for office use. Journal Entry Let's see how to enter the above transaction in TallyPrime. Steps to enter in TallyPrime. Go to Voucher Entry Screen Press 'F5' or click on 'F5:Payment'  Press 'F2' or click on 'F2:Date' to enter Date of Voucher/Date of Transaction. Place Debit Ledger and Credit Ledger Accounts with amount as mentioned in the image below.  Press 'Ctrl+A' to Accept/Save Voucher. Now Voucher Entry for the above transaction is Complete.  

Practice Sheet - 4 (Transactions for the month of July' 2021) TRIMURTHY TRADERS (Prop : Mr. Surya Krishnamurthy)  Financial Year : 2021-22(April' 2021 to March' 2022) Assessment Year : 2022-23 (April' 2022 to March' 2023) Date : 31/07/2021 (Transaction No. 66) Amount paid to Mr. Samir Chand towards sales promotion expenses for ₹1,235/-. Journal Entry Let's see how to enter the above transaction in TallyPrime. Steps to enter in TallyPrime. Go to Voucher Entry Screen Press 'F5' or click on 'F5:Payment'  Press 'F2' or click on 'F2:Date' to enter Date of Voucher/Date of Transaction. Create Ledger Name 'Sales Promotion A/c' under Group 'Indirect Expenses' Place Debit Ledger and Credit Ledger Accounts with amount as mentioned in the image below.  Press 'Ctrl+A' to Accept/Save Voucher. Now Voucher Entry for the above transaction is Complete.  

Practice Sheet - 4 (Transactions for the month of July' 2021) TRIMURTHY TRADERS (Prop : Mr. Surya Krishnamurthy)  Financial Year : 2021-22(April' 2021 to March' 2022) Assessment Year : 2022-23 (April' 2022 to March' 2023) Date : 31/07/2021 (Transaction No. 65) Amount paid to Mr. Ajit Patel for ₹3,452/-towards market visit. Journal Entry Let's see how to enter the above transaction in TallyPrime. Steps to enter in TallyPrime. Go to Voucher Entry Screen Press 'F5' or click on 'F5:Payment'  Press 'F2' or click on 'F2:Date' to enter Date of Voucher/Date of Transaction. Place Debit Ledger and Credit Ledger Accounts with amount as mentioned in the image below. Press 'Ctrl+A' to Accept/Save Voucher. Now Voucher Entry for the above transaction is Complete.  

Practice Sheet - 4 (Transactions for the month of July' 2021) TRIMURTHY TRADERS (Prop : Mr. Surya Krishnamurthy)  Financial Year : 2021-22(April' 2021 to March' 2022) Assessment Year : 2022-23 (April' 2022 to March' 2023) Date : 31/07/2021 (Transaction No. 64) Amount paid to Ankit Stationery for ₹380/- as per CM No-286 towards purchase of office stationery. Journal Entry Let's see how to enter the above transaction in TallyPrime. Steps to enter in TallyPrime. Go to Voucher Entry Screen Press 'F5' or click on 'F5:Payment'  Press 'F2' or click on 'F2:Date' to enter Date of Voucher/Date of Transaction. Place Debit Ledger and Credit Ledger Accounts with amount as mentioned in the image below. Press 'Ctrl+A' to Accept/Save Voucher. Now Voucher Entry for the above transaction is Complete.    

Practice Sheet - 4 (Transactions for the month of July' 2021) TRIMURTHY TRADERS (Prop : Mr. Surya Krishnamurthy)  Financial Year : 2021-22(April' 2021 to March' 2022) Assessment Year : 2022-23 (April' 2022 to March' 2023) Date : 31/07/2021 (Transaction No. 63) Paid ₹7,58,114.60 from Axis Bank Current A/c through RTGS to Ambica Agency, Odisha towards outstanding due. Journal Entry Let's see how to enter the above transaction in TallyPrime. Steps to enter in TallyPrime. Go to Voucher Entry Screen Press 'F5' or click on 'F5:Payment'  Press 'F2' or click on 'F2:Date' to enter Date of Voucher/Date of Transaction. Place Debit Ledger and Credit Ledger Accounts with amount as mentioned in the image below. Press 'Ctrl+A' to Accept/Save Voucher. Now Voucher Entry for the above transaction is Complete.  

Practice Sheet - 4 (Transactions for the month of July' 2021) TRIMURTHY TRADERS (Prop : Mr. Surya Krishnamurthy)  Financial Year : 2021-22(April' 2021 to March' 2022) Assessment Year : 2022-23 (April' 2022 to March' 2023) Date : 31/07/2021 (Transaction No. 62) Paid ₹5,00,000/- from HDFC Bank CC A/c through RTGS to Sagar Traders, Odisha towards outstanding due. Journal Entry Let's see how to enter the above transaction in TallyPrime. Steps to enter in TallyPrime. Go to Voucher Entry Screen Press 'F5' or click on 'F5:Payment'  Press 'F2' or click on 'F2:Date' to enter Date of Voucher/Date of Transaction. Place Debit Ledger and Credit Ledger Accounts with amount as mentioned in the image below. Press 'Ctrl+A' to Accept/Save Voucher. Now Voucher Entry for the above transaction is Complete.