KADG - T14 PAYV8 Journal Entry in TallyPrime with Final Accounts

Practical Accounting Project on Proprietorship Trading Business (T14 PAYV8)

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, Vyapaar , 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.14(T14), Payment Voucher No.8(PAYV8) Entry in TallyPrime

Learning Objective from this Post :

  • Journal Entry for Cash Payment towards Advertisement Expenses.

  • Creation of Advertisement Expenses Ledger Account under Group 'Indirect Expenses' using TallyPrime

  • Cash Payment Voucher Entry for Advertisement Expenses paid 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.14   

Date : 02/04/2025

Amount paid to Surya Printing Service for ₹15,400/- as per Cash Memo No.209 towards printing of Diary & Calendar for publicity.

Journal Entry :

Journal Entry for Advertisement Expenses paid by Cash

Steps to enter in TallyPrime

On Gateway of Tally Screen,

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

Press 'F5' or click on 'F5:Payment' for Payment Voucher Entry 

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

Press 'Alt+C' where 'By/Dr' shows to create 'Advertisement Expenses' Ledger Account under group 'Indirect Expenses'

Advertisement Expenses Ledger Creation under Group Indirect Expenses

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

Payment Voucher Entry in TallyPrime

Press 'Ctrl+A' or 'Y' or 'Enter' to Accept/Save Voucher.

Now Voucher Entry for the above transaction is Complete.

You can check Trial Balance, Profit & Loss Account and Balance Sheet after this Voucher Entry.

Trial Balance :

Trial Balance View in TallyPrime

Profit & Loss Account :

Profit & Loss View in TallyPrime

Balance Sheet :

Balance Sheet View in TallyPrime

If you want to see Vertical Balance Sheet View,

Press 'F12' or click on 'F12:Configure'

Select and type 'Y' on 'Show Vertical Balance Sheet' 

Show Vertical Balance Sheet in TallyPrime

Press 'Enter' to proceed

Vertical Balance Sheet View in TallyPrime

 

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