Tally key Accounting Entries
1st April 2012
F4 1 Cash withdrawn from HDFC
Dr/By Cash A/c Rs. 25,000
Cr/To HDFC A/c Rs. 25,000
2nd April 2012
F5 2 Paid Rs.10,000 in cash to Harish towards salary advance
Dr/By Harish Sal Adv A/c Rs. 10,000
Cr/To Cash A/c Rs. 10,000
2nd April 2012
F5 3 Paid in cash Rs.10,000 to Arun towards advances
Dr/By Arun Tra Adv A/c Rs. 10,000
Cr/To Cash A/c Rs. 10,000
F5 4 Paid cash Rs.20000 for Expenses
Dr/By Petty cash
Cr/To Cash
F5 5 Entry for Bank Loan Repayment
Dr/By Interest on Bank Loan
Cr/To ICICI Bank Loan
F5 6 Paid Rent from SBI
Dr/By Rent Payable
Cr/To SBI
F5 7 PAID TDS FROM SBI
Dr/By TDS Payable
Cr/To SBI
8
F5 SALARY PAYMENT
Dr/By Salary Payable
Cr/To Employee PT Payable
Cr/To Employee ESI Payable
Cr/To Employee PF Payable
Cr/To Govinda Sal Adv
Cr/To Cash
Cr/To SBI (Cheque hari)
Cr/To SBI (Cheque Coporate sal)
F5 9 Paid Telephone bill
Dr/By Telephone Expenses 8500
Cr/To SBI 8500
F5 10 P F Remittance
Dr/By Employee PF Payable
Dr/By Employer PF Payable
Cr/To SBI
F5 11 Remittance of ESI
Dr/By Employee ESI Payable
Dr/By Employer ESI Payable
Cr/To SBI
12
F5 Remittance of PT
Dr/By Employer PT Payable
Cr/To SBI
F9 13 Purchase Raw-material worth Rs.1250000+5% VAT paid by SONY LTD
Dr/By Purchases @ 5% 1250000 ( under purchases )
Dr/By Input Vat @ 5% 62500
Cr/To Tata Pvt Ltd 1312500
F9 14 Purchase Raw-material worth Rs.20,00,000+14% VAT paid by SAM Pvt LTD
Dr/By Purchases @ 14% 20,00,000 ( under purchases )
Dr/By Input Vat @ 14% 28000
Cr/To Tata Pvt Ltd 2280000
F9 15 Purchase goods from other state worth Rs.15,00,000+ CST 2% from LOGI Pvt LTD
Dr/By CST Purchase @ 2% 1530000 ( under purchases )
Cr/To LOGI Pvt Ltd 1530000
F8 16 Sold goods to MAS Services Worth Rs. 20,00,000+VAT 14%
Dr/By MAS Services A/c 2280000 ( under sundry Debtors)
Cr/To Sales @ 14% 2,000,000
Cr/To Out put Vat @14% 280000
F8 17 Sold goods Rs. 20,00,000 to RELE Tech. +CST 2%
Dr/By RELE Tech A/c 2040000 ( under sundry Debtors)
Cr/To CST Sales @ 2% 2,000,000
Cr/To Out put Vat @2% 40000
F8 18 Sold goods to STAR Company worth Rs. 175000 +VAT 5%
Dr/By STAR company A/c 1837500 ( under sundry Debtors)
Cr/To Sales @ 5% 1,750,000
Cr/To Out put Vat @5% 87500
F5 19 Bank charges Rs. 250/- for cheque book
Dr/By Bank charges 250
Cr/To BANK A/C 250
F7 20 Transfering different category of Input VAT to one general Input Vat A/C
Dr/By General Input Vat 342500
Cr/To Input Vat @ 5% 62500
Cr/To Input Vat @ 14% 280000
F7 21 Transfering different category of Output TAX to Output Tax Payable A/C
Dr/By Out Put Vat @ 5% 87500
Dr/By Out Put Vat @ 14% 280000
Dr/By Out Put CST @ 2% 40000
Cr/To Output TAX Payable 407500
22
F5 Avail ITC and Payment of Tax
Dr/By Output TAX Payable 407500
Dr/By General Input Vat 342500
Cr/To SBI BANK 65000
F6 23 Received Cheque from MAS Services Rs: 2280000. Deposited in SBI
Dr/By SBI A/c 2280000
Cr/To MAS Services A/c 2280000
F6 24 Received Cheque from RELE Tech Rs: 2040000. Deposited in SBI
Dr/By SBI A/c 2040000
Cr/To RELE Tech A/c 2040000
F6 25 Received Cheque from STAR Co. Rs: 1837500. Deposited in SBI
Dr/By SBI A/c
Cr/To STAR Co. A/c
F5 26 Rent Payment
Dr/By Rent a/c 20000
Cr/To TDS Payable 2000
Cr/To SBI a/C 18000
F5 27 T.D.S deducted during April month & paid by SBI
Dr/By TDS Payable 2000
Cr/To SBI a/C 2000
F5 28 Paid Rs. 13125000 to TATA PVT LTD from SBI
Dr/By TATA Pvt LTD 1312500
Cr/To SBI a/C 1312500
F5 29 paid Rs. 2280000 to SAM PVT LTD From SBI
Dr/By SAM Pvt ltd 2280000
Cr/To SBI a/C 2280000
F5 30 Paid Rs. 1530000 to LOGI Pvt LTD from SBI
Dr/By LOGI Pvt ltd 1530000
Cr/To SBI a/C 1530000
F5 31 Salary payment.
Dr/By Salary A/c 104000
Cr/To Employee PT Payable 950
Cr/To Employee ESI Payable 1436
Cr/To Employee PF Payable 5160
Cr/To Govinda Salary advance 2500
Cr/To Cash a/c 8242
Cr/To SBI (Cheque harish) 11783
Cr/To SBI (Cheque naveen) 73929
F5 32 PAID Rs. 3000 Pooja Expenses by Cash
Dr/By Pooja Expenses 3000
Cr/To cash a/c 3000
F5 33 Paid Rs. 4500 Staff welfare from SBI
Dr/By Staff Welfare 4500
Cr/To SBI a/C 4500
F5 34 Paid Rs. 15000 Advertisement Exp from SBI
Dr/By Advistisement Exp 15000
Cr/To SBI a/C 15000
F5 35 Paid Rs. 8000 Employee Gift Expenses from SBI
Dr/By Employee Gifts Expenses 8000
Cr/To SBI a/C 8000
F5 36 Paid Rs. 6000 Business Development Exp From SBI
Dr/By Business Development Exp a/c 6000
Cr/To SBI a/c 6000
F5 37 Paid Rs. 2500 Computer Maintenance from SBI
Dr/By Computer Maintenance from SBI 2500
Cr/To SBI a/c 2500
F5 38 P.F Remittance
Dr/By Employee PF Payable a/c 5160
Dr/By Employer PF Contribution a/c 5372
Cr/To SBI a/c 10532
F5 39 Remittance of ESI
Dr/By Employee ESI Payable a/c
Dr/By Employer ESI Contribution a/c
Cr/To SBI a/c
F5 40 Remittance of ESI
Dr/By Employee PT Payable a/c
Cr/To SBI a/c
F5 41 Mr. Amir khan submits a travel statement for Rs.12,300, Balance Rs.2300 Paid in cash
Dr/By Travel Expenses a/c 12300
Cr/To Amir khan 10000
Cr/To Cash 2300
F7 42 Sent a Bill to customer towards repairs & Maintenance for Rs. 50,000+12.36%Service Tax
Dr/By STAR Company a/c 56180
Cr/To Service Charges Received 50000
Cr/To Output Service Tax Payable 6180
F6 43 Received cheque for Rs. 55180 from STAR Company & deposited to SBI
Dr/By SBI a/c 55180
Dr/By TDS Receivable a/c 1000
Cr/To STAR Company a/c 56180
F5 44 Paid a Courier Bill of Rs.20,000 + Service Tax 12.36 %. Issued Cheque from SBI Rs. 22072
Dr/By Courier Charges a/c 20000
Dr/By Input Service Tax 2472
Cr/To SBI a/c 22072
Cr/To TDS Payable 400
F7 45 Service Tax Credit & payment of Service Tax
Dr/By Output Service TaxPayable a/c 6180
Cr/To Input Service Tax 2472
Cr/To SBI a/c 3708
F7 46 Petty Expenses recorded
Dr/By Printing& Stationery 2500
Dr/By Office Expenditure 3000
Dr/By Local Conveyance 7000
Dr/By Vehicle Repairs 1500
Cr/To Petty Cash 14000
F5 47 Paid Audit Fee from SBI
Dr/By Audit Fees Payable 33090
Cr/To SBI a/c 33090
F5 48 Bonus Paid in Cash
Dr/By Bonus Payable 104000
Cr/To SBI a/c 104000
F5 49 Paid Advance Tax Rs. 1,00,000
Dr/By Advance Tax A/c 100000
Cr/To SBI a/c 100000
F5 50 Paid Rs: 12,000 to AMC for Computer maintenance the period of Jan 13 to Dec 13
Dr/By AMC Charges 3000
Dr/By Prepaid AMC Charges 9000
Cr/To SBI a/c 12000
F5 51 Purchased Furniture worth Rs. 40000+5% VAT Paid by SBI
Dr/By Furniture 42000
Cr/To SBI a/c 42000
F5 53 Paid L.I.P Rs.20,000 from S.B.I
Dr/By Drawings 20000
Cr/To SBI a/c 20000
F5 54 Invested RS. 10000 in NSC from SBI
Dr/By NSC a/c 10000
Cr/To SBI a/c 10000
F7 56 Provision for Audit Fee Rs.30,000+12.36% Service Tax
Date: 3 Audit Fees 30000
Dr/By Input Service Tax 3708
Cr/To Audit Fees Payable 33708
F7 57 Provision for March 12 salary , which will be paid on 10-4-13
Dr/By Salary a/c 104000
Cr/To Salary Payable a/c 104000
F7 58 Provision for March 10, Employer's ESI Contribution whichwill be paid on 21/04/13
Dr/By Employer ESI Contribution a/c
Cr/To Employer ESI Payable a/c
F7 59 Provision for Bonus
Dr/By Bonus a/c 104000
Cr/To Bonus payable 104000
F7 60 Provision for March 12, Employer's PT Contribution whichwill be paid on 15/04/13
Dr/By Employer PT Contribution a/c
Cr/To Employer PT Payable a/c
F7 61 Provide Depreciation for the financial year for the fixed Assets
Dr/By Depreciation a/c 325600
Cr/To Bikes 11250
Cr/To Car 72000
Cr/To Computers 132000
Cr/To Furnitures 19600
Cr/To Office Equipment 6750
Cr/To Plant & Machinery 84000
F7 62
Transferring of Profit & loss a/c to Capital a/c
Dr/By Profit & Loss a/c 1870062
Cr/To Capital a/c 1870062
F7 63 Transferring of Advance Tax, TDS receivable, Drawings & Provision for Tax to Capital a/c
Dr/By Capital a/c 413479
Cr/To Advance Tax 350000
Cr/To Provision for tax 42479
Cr/To Drawings 20000
Cr/To TDS Receivable 1000
s
(Create under Bank A/c)
(under Duties & Taxes
(under Duties & Taxes
m LOGI Pvt LTD
(Sundry creditors)
(under Sales Alc)
(under Duties & Taxes
(under Sales Alc)
(under Duties & Taxes)
(under Sales Alc)
(under Duties & Taxes)
(Indirect Expenses)
(under current assests)
(under current assests)
(under Provision)
(Under Indirect expenses)
( Provision)
(Under Indirect expenses)
(Under Indirect expenses)
s.2300 Paid in cash
000+12.36%Service Tax
(under Direct Income)
( under Provision)
ST=12.36%
(Current Assets) TDS 2%
ue from SBI Rs. 22072
(Under Indirect expenses)
(Current Assets)
output ST 6180
(-) Input ST 2472
Net 3708
(Under Indirect expenses)
(Under Indirect expenses)
(Under Indirect expenses)
(Under Indirect expenses)
(under Provision)
(under Provision)
(under current Assets)
Jan 13 to Dec 13
(Under Indirect expenses)
(under current Assets)
(under Fixed Assets)
(under Capital)
(under investment)
paid on 21/04/13
aid on 15/04/13
(Under Indirect expenses)
for Tax to Capital a/c
