Kalp Accounting Learning Articles

Practice Sheet - 9 (Transactions for the month of Dec' 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 : 01/12/2021 (Transaction No. 159) Goods purchased from Ambica Agency, Odisha for ₹4,89,475.80 as per Invoice No-EM/723/21-22. Item/Product/Taxable Value ₹4,14,810/-, CGST ₹37,332.90 and SGST ₹37,332.90 Total Invoice Value is ₹4,89,475.80(i.e Taxable Value ₹4,14,810 + CGST ₹37,332.90 + SGST ₹37,332.90). 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 'Ctrl+H' or click on 

Practice Sheet - 9 (Transactions for the month of Dec' 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 : 01/12/2021 (Transaction No. 158) Amount paid towards petrol for vehicle for ₹170/-. 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 - 9 (Transactions for the month of Dec' 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 : 01/12/2021 (Transaction No. 157) Amount paid to BSNL for ₹630/- towards telephone bill for the month of Nov’ 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 - 9 (Transactions for the month of Dec' 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 : 01/12/2021 (Transaction No. 156) Amount paid towards staff food expenses for ₹4,600/-. 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 - 9 (Transactions for the month of Dec' 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 : 01/12/2021 (Transaction No. 155) Amount paid to United India Insurance Company Ltd towards Motor Cycle insurance for ₹1,760/- from dt.01/12/2021 to dt.30/11/2022. 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 - 9 (Transactions for the month of Dec' 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 : 01/12/2021 (Transaction No. 154) Amount paid to Lotus Stationery Shop towards office stationery for ₹205/- as per CM No-605. 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 - 9 (Transactions for the month of Dec' 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 : 01/12/2021 (Transaction No. 153) Amount paid to Mr. Rakesh Das towards rent for the month of Nov’ 2021 for ₹4,000/-. 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 - 9 (Transactions for the month of Dec' 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 : 01/12/2021 (Transaction No. 152) Amount paid towards salary for the month of Nov’ 2021 for ₹10,000/-. 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 - 9 (Transactions for the month of Dec' 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 : 01/12/2021 (Transaction No. 151) Amount paid to Sagar Traders, Odisha for ₹4,41,054.50 through RTGS from Axis Bank Current A/c 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 - 8 (Transactions for the month of Nov' 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 : 02/11/2021 (Transaction No. 150) Amount paid from Axis Bank Current A/c for ₹575/- towards ITDS(Income Tax Deducted at Source) vide e-challan No-CN012345. 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 - 8 (Transactions for the month of Nov' 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 : 02/11/2021 (Transaction No. 149) Amount paid to ABC Roadways vide Chq No-700112 for ₹3,738/- from Axis Bank Current A/c towards transportation charges 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 - 8 (Transactions for the month of Nov' 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 : 02/11/2021 (Transaction No. 148) Goods purchased from Sagar Traders, Odisha for ₹4,41,054.50 as per Invoice No-KA/1275. Item/Product/Taxable Value ₹3,73,775/-, CGST ₹33,639.75 and SGST ₹33,639.75 Total Invoice Value is ₹4,41,054.50(i.e Taxable Value ₹3,73,775 + CGST ₹33,639.75 + SGST ₹33,639.75). 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 'C

Practice Sheet - 8 (Transactions for the month of Nov' 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 : 02/11/2021 (Transaction No. 147) Amount paid towards petrol for vehicle for ₹155/-. 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 - 8 (Transactions for the month of Nov' 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 : 02/11/2021 (Transaction No. 146) Amount paid for ₹452/- towards soap and phenyle expenses for office cleaning. 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 - 8 (Transactions for the month of Nov' 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 : 02/11/2021 (Transaction No. 145) ₹1710/- paid towards sales promotion meeting expenses. 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 - 8 (Transactions for the month of Nov' 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 : 02/11/2021 (Transaction No. 144) ₹425/- paid to CESU towards electric bill for the month of Oct’ 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 - 8 (Transactions for the month of Nov' 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 : 02/11/2021 (Transaction No. 143) Amount paid to Lotus Stationery Shop towards office stationery for ₹720/- as per CM No-517. 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.