KADG - T2 CV1 Journal Entry in TallyPrime with Final Accounts

Practical Accounting Project on Proprietorship Trading Business (T2 CV1)

In this Practical Accounting Project, We are learning Journal Entry in all type of Digital Accounting Software, but as the Time constrain and Indian Scenario, we have taken the example of TallyPrime entry with screenshot and references here.

So, anyone can do the same transactions, as refer in this page with TallyPrime, which is also similar or little bit different in screen look only, if you choose any other Accounting Software like Zoho books, QuickBooks, BUSY, Vyapar , Marg etc and many others. 

The Transaction Process, that are given step by step is almost same and perfect for Digital Accounting ecosystem.

Digital Books of Account using TallyPrime

KA DIGITAL WORLD (KADG)

Transaction No.2(T2), Contra Voucher No.1(CV1) Entry in TallyPrime

Learning Objective from this Post :

  • Journal Entry for Cash Deposit into Bank Account

  • Bank A/c Ledger Creation using TallyPrime

  • Contra Voucher Entry for Cash Deposit into Bank using TallyPrime

Business Details with Address

Trade Name : KA DIGITAL WORLD

Financial Year 2025-26, Assessment Year 2026-27

Address : Bhubaneswar, Khurda, Odisha, India, PIN - 751001

Constitution/Style of Business : Proprietorship

Nature of Business : Retail and Wholesale Trading of Computer, parts and accessories.

GSTIN - 21ABDAC5162K1ZM

  Transaction No.2  

Date : 01/04/2025

Opened a Current Account in Bank of India, bearing Account No.00000560077 and Deposited ₹20,000/-.

Journal Entry :

Journal Entry for Cash Deposit into Bank Account

Steps to enter in TallyPrime

On Gateway of Tally Screen,

Select and press 'Enter' on 'Create'

Bank Account Ledger Creation in TallyPrime

Select and press 'Enter' on 'Ledger'

Bank Account Ledger Creation in TallyPrime

Fill Bank Account details(Bank Account No, Bank Name and Address etc.)

Under Group 'Bank Accounts(Current Assets)'

Bank Account Ledger Creation in TallyPrime

Press 'Y' or 'Enter' to Accept/Save

Press 'Esc' to return to 'Gateway of Tally(GOT)' Screen

Press 'V' or select and press 'Enter' on 'Vouchers'.

Press 'F4' or click on 'F4:Contra' for Contra Voucher Entry 

Press 'F2' or click on 'F2:Date' to enter Date of Voucher/Date of Transaction.

Contra Voucher Entry in TallyPrime

Place Debit Ledger and Credit Ledger Accounts with amount as shown in the image below.

Contra Voucher Entry in TallyPrime

Press 'Ctrl+A' to Accept/Save Voucher. 

or

Press 'Y' or 'Enter' to Accept/Save Voucher.

Now Voucher Entry for the above transaction is Complete.

One can check effect of this Journal Entry on Various Financial Reports and Statements which is auto generated by the Software.

Bank of India CA No.560077 Ledger Account

Bank Ledger Statement in TallyPrime

Bank of India CA No.560077 Ledger Account Print Preview.

Bank Ledger Statement Print Preview in TallyPrime

Cash Ledger Account

Cash Ledger Account View in TallyPrime

Cash Ledger Account Print Preview

Cash Ledger Account Print Preview in TallyPrime

Trial Balance 

View Trial Balance in TallyPrime

Balance Sheet

View Balance Sheet in TallyPrime

 

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