TALLY NOTES

Golden Rules
1) Debit the receiver & Credit the giver
2) Debit what comes in & Credit what goes out
3) Debit all expenses/losses & Credit all profits/gains

Ledger Creation in Tally

In tally all versions we have two ledgers permanently
1. Cash A/c 2. Profit & Loss A/c
If you wanna create other ledgers you can be used
Gateway of Tally – Masters - Account Info. – Ledgers – Create
Other ledgers (For Example)
Ledger Group
Purchase Purchase A/c
Purchase Return Purchase A/c
Sales Sales A/c
Sales Return Sales A/c
Capital Capital A/c
Drawings (For personal use) Capital A/c
Bank Bank A/c
Bank overdraft Bank O/D A/c
Furniture Fixed Assets
Building Fixed Assets
Plant Fixed Assets
Machinery Fixed Assets
Land Fixed Assets
Motor Car Fixed Assets
Tools Fixed Assets
Payment

Salary Indirect Expenses

Rent Indirect Expenses
Commission Indirect Expenses
Interest Indirect Expenses
Telephone Bills Indirect Expenses
Electricity Bills Indirect Expenses
Bank Charges Indirect Expenses
Receipt
Rent Received Indirect Incomes
Commission Received Indirect Incomes
 Interest Received Indirect Incomes
Commission Received Indirect Incomes

Accounting Voucher
Gateway of Tally → Accounting Voucher
F4 Contra Voucher
1) Cash deposited into Bank
Bank A/c Dr.
To Cash A/c
2) Cash withdraw from Bank
Cash A/c Dr.
To Bank A/c
3) Cash transfer Bank to Bank
Bank A/c Dr.
To Bank A/c

F5 Payment Voucher
1) If you pay Expenses amount by Cash/Cheque
Expenses A/c Dr.
To Cash/Bank A/c
2) If you purchase assets for business use & payment by
Cash/Cheque
Assets A/c Dr.
To Cash/Bank A/c
If you cash withdraw from Business/Bank for personal use
Drawing A/c Dr.
To Cash/Bank A/c
3) If you pay to Business Creditors by Cash/Cheque
Creditors A/c Dr.
To Cash/Bank A/c

F6 Receipt Voucher
1) If y
2) ou Cash Taken in business for business use
Cash/Bank .Dr.
To Capital A/c
3) If you loan taken in business for business use
Cash/Bank A/c Dr.
To Loan A/c
4) If you received Incomes by cash/cheque
Cash/Bank A/c Dr.
To Incomes A/c
5) If you sale Assets & Payment received by Cash/Cheque
Cash/Bank A/c Dr.
To assets A/c
6) If you received Cash/Cheque from Business Debtors
Cash/Bank A/c Dr.
To Debtors A/c

F7 Journal Voucher
1) Goods loss by fire
Loss by fire A/c Dr.
To Purchase A/c
2) Goods loss by theft
Loss by theft A/c Dr.
To Purchase A/c
3) Goods withdraw from business for personal use
Drawing A/c Dr.
To Purchase A/c
4) Goods donate
Charity A/c Dr.
To Purchase A/c
5) Goods gave to customer for free sample
Advertisement A/c Dr.
To Purchase A/c
6) Purchase assets on Credit Base
 Assets A/c D r.
To Party A/c
7) Assets sale on Credit Base
Party A/c Dr.
To Assets A/c
8) Depreciation charge on Fixed Assets
Depreciation A/c Dr.
To Assets A/c
9) If there are Bad-Debts
Bad-Debts A/c Dr.
To Debtors A/c

F8 Sales - Sold of goods by Cash/Credit

F9 Purchase - Purchase of Goods by Cash/Credit