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Company Creation:-

* To Perform new company operation’s.


* We have to open the Tally Software.
* We have to press Alt + F1 under “Gateway of Tally”
* We have to select create company option.
* Enter Name of the Company (PRASAD)
* Enter Company Address (Tenali)
* Select country name (India—default)
* Select State (Andhra Pradesh)
* Enter the other details
* Display the Accept Box ( Yes or No)
* Press Enter Key.

(or)
* We have to open the Tally Software.
* We have to press Alt + F1 under “Gateway of Tally”
* We have to select create company option.
* Enter Name of the Company (PRASAD)
* Enter Company Address (Tenali)
* Select country name (India—default)
* Select State (Andhra Pradesh)
* Enter the other details
* Press Ctrl + A .

Company Selection:-
* To Perform company Selection operation’s.
* We have to open the Tally Software.
* We have to press Alt + F3 under “Company info”
* We have to select Select company option.
* Select the Company of list of Companies.

(or)

* We have to open the Tally Software.


* Press the F1 Key

* Select the Company of list of Companies.

Company Modification:-
* To Perform Company modification operation’s.
* We have to open the Tally Software.
* We have to press Alt + F3 under “Company info”
* We have to select Select company option.
* Select the Company of list of Companies.
* We have to Select the Alter Option
* Change the Company Name & other details

* Press Ctrl + A .

Company Delete:-

* To Perform Company modification operation’s.


* We have to open the Tally Software.
* We have to press Alt + F3 under “Company info”
* We have to select Select company option.
* Select the Company of list of Companies.
* We have to Select the Alter Option
* Press Alt + D Key
* Press the Enter Key (2 Times).

Ledger:-
Ledger is individual record as well as summary of a transaction pertaining to an
account.

Ledger Creation:-
* We have to open the Tally Software.
* Create New Company
* We have to press Alt + F1 under “Gateway of Tally”
* We have to select company info option.
* We have to select Ledger option.
* We have to select Create option in Single (or) Multiple Ledgers.
* Enter the Ledger names & Group.
* Press the Enter key.

Necessary Accounts :-
Basically the necessary accounts are classified into mainly 6 types
1. Capital account
2. Fixed Assets
3. Indirect Expenses
4. Indirect income
5. Direct Expenses
6. Direct income
1. Capital account: –
In these categories we have to specify company owner names.
Ex:-
Mr. Sanker , Miss.Lakshmi, Computersadda, Pvt ltds.
2. Fixed assets:-

Fixed assets which are purchased for long-term use and are not likely to be
converted quickly into cash.

Ex:-
Land, flat, computers, furnishers, vehicles etc.
3. Indirect Expenses:-
In this category we have to specify all office expenses like
Ex:-
Power bill paid, interest paid (All Paid’s)

4. Indirect income :-
In this category we have to specify all offices incomes like
Ex:-
Rent Receive, Donation Receive, (All receive & incomes)
5. Direct Expenses:-
In this category we have to specify all factory expenses expenses like
Ex:-
Factory power bill paid, wages paid etc

6. Direct Income:-
We have to specify all factory incomes like
Ex:-
Factory rent receive, coolie receive etc

With the help of this option we can performed any type of voucher.
Entry operations.
F5 :- purchases, payable amounts
F6 :- sales(or)sold, receivable amounts.
Problem 1:-

* Mr. Kumar started a new business with — 2,00,000/-


* Furnicher Purchased — 25,000/-
* Computer Purchased — 20,000/-
* Rent paid — 12,000/-
* Net bill paid — 600/-
* Fees received — 8,000/-
* Donation received — 20,000/-
* Printer Purchased — 3,000/-

Problem 2:-

* Mr. Vasu started a new business with — 1,50,000/-


* Books Purchased — 5,000/-
* Stationary Purchased — 1,500/-
* Salary paid — 7,000/-
* Rent received — 12,000/-
* Commission received — 6,000/-
* Interest received — 2,000/-
* Power bill paid — 1,250/-
* Water bill paid — 350/-
* Petty Income — 1600/-

Problem 1:-

* Mr.Gopal Started a new business with 1,25,000/-


* He opened a new bank account SBI Bank with Opening balance is 75,000/-
* Computer Purchased through bank 25,000/-
* Mobile Purchased 10,000/-
* Rent paid through bank 15,000/-
* Salary paid through bank 22,000/-
* Donation received 15,000/-
* Commission received through bank 10,500/-
* Computer Purchased 20,000/-
* Petty expenses 950/-
* Computer Purchased through bank 25,000/-
* Interest received through bank 15,500/-
* Mobile was sold 50% Profit.

Problem 2:-

* Mr.Rajesh Started a new business with 1,50,000/-


* He opened a two bank accounts HDFC Bank & Andhra Bank.
(HDFC Opening balance: 75,000/- Andhra Bank Opening balance:25,000/-)
* Furnisher Purchased through HDFC Bank 15,000/-
* Salary paid through Andhra Bank 12,000/-
* Commission Received through Andhra Bank 18,000/-
* Electronics parts Purchased through HDFC Bank 3,500/-
* Computer Purchased through HDFC Bank 28,000/-
* Petty income 750/-
* Power bill paid through Andhra Bank 1,250/-
* Computer was sold 20% loss.
* Interest Received through HDFC Bank 18,000/-
* Rent paid through Andhra Bank 10,000/-

In this concept we are having the fallowing operation’s


Solution’s
1) Cash Deposited in to bank
2) Cash Withdraw from bank
Ex:-
1. Cash deposited in to Andhra bank
Ledger:- Andhra bank —bank account
Vouchering:- F4– A/c — Andhra bank
Particulars — Cash
2.cash withdraw from bank
Vouchering:– F4– A/c — Cash
Particulars — Andhra bank

Problem 1:-

* Mr. Raju Started a new business with — 2,50,000/-


* Cash Deposited into SBI —35,000/-
* Vehicle Purchased — 72,000/-
* Computer Purchased through bank — 15,000/-
* Cash Withdraw from SBI — 10,000/-
* Rent Received — 15,000/-
* Cash Deposited into SBI — 20,000/-
* Power bill paid through bank — 1,520/-
* Net bill paid — 600/-
* Commission received through bank — 8000/-

Problem 2:-

* Miss. Sailja started a new business with — 6,00,000/-


* Cash deposited in to Andhra bank —1,00,000/-
* Scooter purchased — 35,000/-
* Computer purchased —17,000/-
* Petty expediences through bank — 5,000/-
* Cash withdraw from Andhra bank — 40,000/-
* Donation received through bank —18,000/-
* Salary paid through bank– 2,000/-
* Computer was sold — 60,000/-
* Petty income — 5,000/-
* Petty income through bank — 3,000/-

Problem 3:-
* Mr. Prasad started a new business with 2,00,000/-
* Cash deposited in to Andhra bank —10,000/-
* Cash deposited in to HDFC bank — 35,000/-
* Cash withdraw from Andhra bank —30,000/-
* Cash withdraw from HDFC bank —15,000/-
* Cash withdraw from Andhra bank —10,000/-
* Cash deposited in to HDFC bank —28,000/-
* Cash deposited in to Andhra bank– 20,000/-
* Cash withdraw from HDFC bank — 10,000/-
* Cash withdraw from Andhra bank — 5,000/-

Note:-
SBI Bank to HDFC Bank 15,000/-

Ledgers:-

SBI – Bank A/c


HDFC – Bank A/c
Vochouring:-

Credit
Debit———————–Amount

HDFC
SBI ————————-15,000/-

Problem 1:-

* Mr. Ganesh Started a new business with a 4,00,000/-


* Cash deposited into SBI 2,00,000/-
* Cash deposited into HDFC 1,00,000/-
* Cash deposited into Andhra bank 1,00,000/-
* Furnicher purchased through SBI 25,000/-
* Travelling expns 800/-
* HDFC bank to SBI bank 15,000/-
* Andhra bank to HDFC bank 42,000/-
* Donation recived through HDFC bank 10,000/-
* SBI bank to HDFC bank 15,500/-
* Andhra bank to SBI bank 23,500/-
* Cash withdraw to Andhra bank 33,000/-

Problem 2:-

* Mr. Sandeep Started a new business with a 6,00,000/-


* Cash deposited into Union bank 1,50,000/-
* Cash deposited into SBI 1,00,000/-
* Cash deposited into Canara bank 1,75,000/-
* Salary received through SBI bank 15,000/-
* Canara bank to SBI bank 25,000/-
* Canara bank to Union bank 15,000/-
* SBI bank to Union bank 35,000/-
* Computer purchased through Union bank 25,000/-
* Cash deposited into Canara bank 1,00,000/-
* Cash withdraw to Union bank 23,000/-
* Union bank to Canara bank 10,000/-
* Petty Income through SBI bank 1,250/-
* Travelling expns 1,800/-
* Cash deposited into Union bank 12,000/-
In this concept we are having the fallowing operation’s
Solution’s
1) Andhra Bank Cheque Issued to Geetha
2) Andhra Bank Cheque received from HP gas Pvt Ltd

Ex:-
1) Andhra Bank Cheque Issued to Geetha

Ledger:- Geetha —Sundry Creditor

Vouchering:- F5– A/c — Andhra bank


Particulars — Geetha
2) Andhra Bank Cheque received from HP gas Pvt Ltd

Ledger:- Hp gas Pvt Ltd —Sundry Debitor

Vouchering:- F6– A/c — Andhra bank


Particulars — HP gas Pvt Ltd

Problem 1:-

* Mr. Satya Started a new business with a 4,00,000/-


* Cash deposited into SBI bank 1,00,000/-
* Cash deposited into Andhra bank 1,00,000/-
* Rent paid by Andhra bank cheque 15,000/- (Chq no:450772)
* Salary paid by SBI cheque 12,000/- (Chq no:122330)
* Andhra bank cheque issued to Kumar 45,000/- (Chq no:750321)
* Donation received 9000/-
* Interest paid through SBI bank 2,500/-
* Andhra bank cheque received from Surya Pipes Pvt Ltd 25,000/- (chq
no:501517)
* Cash withdraw to SBI 6,000/-

Problem 3:-
* Mr.rajendhra started a new business with 10,00,000/-
* Cash deposited into icic bank 2,00,000/-
* Laptop purchased 35,000/-
* Scooter purchased 20,000/-
* Furnicher purchased 15,000/-
* Cheque issued to mohan rao 15,000/- (Cheque no: 150899)
* Cheque receive from sampath kumar 14,700/-
* Inter net bill paid through bank 1,500/-
* Rent paid by cheque 9,500/-
* Salary paid 15,000/-
* Donation recevied by cheque 22,000/-
* Cash with draw from bank 7,800/-
* Scooter was sold 35,000/-
* Car purchased 1,15,000/-
* Power bill paid through bank 3,500/-
* Cash received from hp gas pvt.ltd through bank 70,000/-
* Rent received by cheque 35,000/-
* Cheque issued to prabhakar rao 12,000/- (Cheque no: 778502)
* Car was sold 2,00,000/-

In this concept we are having the fallowing operation’s


Gateway of Tally – Display – Day book – Selection the Account – Then Modify
the Account.(1.33 video)

Problem 1:-
* Miss. Vineela started a new business with 3,00,00/-
* She open new bank account SBI with opening balance 1,50,000/-
* Scooter purchased through bank 18,000/-
* Salary paid 15,000/-
* Furnisher purchased through bank 25,000/-
* Petty income through bank 15,000/-
* Donation received 600/-
* Computer purchased 15,000/-
* Current bill paid 250/-
* Office expanses through bank 32,000/-

Errors:-
* Scooter purchased through bank 80,000/-
* Salary paid through bank 5,500/-
* Petty income 25,000/-
* Donation received through bank 6,000/-
* Current bill paid through bank 1,250/-
* Mobile Purchased 12,000/- (Replace Computer purchased 15,000/- )

Problem 2:-
* Mr.venkat started a new business with 1,00,000/-
* Cash deposited in to andhrabank 10,000/-
* Furnicher purchases 8000/-
* Land purchases 2000/-
* Rent recive through bank 6000/-
* Salary paid 12000/-
* Donation recive through bank 10,000/-
* Wages paid 600/-Errors:-
* Furnicher purchases through bank 800/-
* Land purchaes 20,000/-
* Rent recive 6000/-
* Salary paid through bank 1200/-

In this concept we are having the fallowing operation’s


Solution’s
1) Depreciation on Computer
2) Depreciation on Furnicher

To perform above operating we have create depreciation ledger under indirect


expenses and we have to past using (F7).(1.43 video)

Ledger Name Under

Depreciation Indirect expenses

Ex:- Depreciation on computer 400/-


F7- By —Depreciation – 400
To —Computer – 400

Problem 1:-

* Mr.Sampanth Started a new business with 5,00,000/-


* Computer purchased 23,000/-
* Vechile purchased 79,000/-
* Power bill paid 2,500/-
* Furnicher Purchased 13,500/-
* Depreciation on Computer 1,500/-
* Depreciation on Vechile 6,500/-
* Donation Received 15,000/-
* Computer was sold 30% Profit
* Depreciation on Furnicher 1,000/-

Problem 2:-

* Mr.kumar started a new business with 6,00,000/-


* Flat purchases 2,50,000/-
* bike purchases 45,000/-
* Printer purchases 12,000/-
* Depreciation on Printer 1,200/-
* Depreciation on bike 12,000/-
* Printer was sold with 25% profit
* Flat was sold with 100% profit
* Office expediences 3000/-
* Office income 8000/-

Problem 3:-

* Mr.Teja started a new business with 8,00,000/-


* Cash deposited in to SBI 60,000/-
* Car purchases 2,50,000/-
* Cell purchases through bank 14,000/-
* Furnisher purchases through bank 20,000/-
* Cash withdraw from bank 10,000/-
* Depreciation on cell 15,00/-
* Depreciation on Car 25,000/-
* Car was sold 40% Loss
* Cell was sold 9000/-
In this concept the company having minimum of partners.
We have to some profit (or) loss amount depends on their capital investment.(1.56
video)

Ex1:-

Ramu and ravi


Net profit 20,000/-F7 – by — profitt & loss — 20,000/-
to — ramu — 10,000/-
to — ravi — 10,000/- F5 – by–cash
to–ramu — 10,000/-
F5 – by–cash
to–ravi — 10,000/-

Ex2:-

Sitha and Ramya


Loss 50,000/-F7 – by — profitt & loss — 50,000/-
to — Sitha — 25,000/-
to — Ramya — 25,000/- F6 – by –cash
to —
Sitha — 25,000/- F6 – by –cash
to —Ramya — 25,000/-

Problem 1:-
1. Mr.Ramu and Mr.Ravi invested 2,00,000 (Each person)
2. Vehicle purchases 60,000/-
3. Commission receive 15,000/-
4. Interest receive 10,000/-
5. Donation receive 25,000/-
6. Vehicle was sold 65,000/-
7. Office expediences 15,000/-
8. Petty expediences 2,000/-
9. Petty income 4,000/-
10.Power bill paid 950/-

Problem 2:-
1. Miss.Santhi and Miss.Geetha invested 6,00,000 (Miss.Santhi Inv: 30%
,Miss.Geetha Inv: 70%)
2. Furnicher purchases 15,000/-
3. Rent Paid 25,000/-
4. Interest Paid 10,000/-
5. Donation Paid 35,000/-
6. Furnicher was sold 5,000/-
7. Office expediences 22,000/-
8. Travelling expediences 5,000/-
9. Petty income 2,500/-
10.Net bill paid 1,950/-

In this concept we can perform any money transactions. It means barrow and sold
items with credit operations. Here we can use credit purchase and credit sales.
In this concept we are having the fallowing operation’s(2.9 video)
Solution’s
1. Computer purchased from Ravi 10,000/-
2. Computer was sold to Dinakar 20,000/-

CREDIT PURCHASES [F7]:-


Computer purchaed from Ravi 10,000/-
Ex:- by – Computer -10,000/-
to – Ravi -10,000/-
Note:- We have to create Ravi has sundry creditor.

CREDIT SALES [F7]:–


Computer was sold to Dinakar 20,000/-
Ex:- by – Dinakar – 20,000/-
to – Computer – 20,000/-
Note:- We have to create Dinakar has sundry Debitor.

Problem 1:-

1. Mr.raju started a new business with 2,00,000/-


2. Cash Depositied into SBI 50,000/-3. Office expenses 5,500/-
4. computer purchased from Rafi Technologies 22,000/-
5. Furniture purchased from vijaya traders 14,000/-
6. Donation Received through bank 18,000/-
7. Cash paid to Rafi Technologies.
8. Cash paid to Vijaya traders.
9. Depreciation on Computer 2,500/-
10.Cash withdraw from SBI 25,000/-
11.Cash paid to Krishna 30,000/-
12.Cash Received from Krishna 40% Only
13.Computer was sold to Pavani 70% Profit.
14.Cash From Pavani.

Problem 2:-

1.Mr.Bunny started a new business with – 2,00,000/-


2.Cash deposited in to Andhra bank – 60,000/-
3.Rent paid through bank – 12,000/-
4.Interest paid – 2,000/-
5.Intrest received through bank – 8,000/-
6.Donation received through bank – 8,000/-
7.Printer purchased from Venkatesh – 8,000/-
8.Cell purchased from Amar – 9,000/-
9.Computer purchased from Rohini –16,000/-
10.Cash paid to Venkatesh.
11.Cash paid to Amar.
12.Cash Paid to Rohini.
13.Printer was sold to Prasad 25% Loss.
14.Cash from Prasad.

Problem 3:-

1.Miss.Sneha started a new business with – 5,00,000/-


2.Scooter purchased from Vinay 38,000/-
3.Furniture purchased from Satish Traders 24,000/-
4.Cash paid to Vinay.
5. Scooter was sold to Vijay 42,000/-
6. Cash Paid to Satish.
7. Cash Deposited into Canara Bank 1,25,000/-
8. Cash from Vijay.
9. Cash with draw from Canara Bank 78,000/-
10. Internet bill Paid Through Bank 800/-
In this concept we are performing stock oriented purchases,purchases returns,
sales returns to implement inventory Operations we have to perform following
operations.(2.28 video)
Ledger :-
Purchases = purchases accounts
Sales = sales accounts
Inventory info —-> units of measure —-> stock items
Units of measure:-
In this option we are specifying stock base measurement like–Kg’s,
sets,liters,packets,bags etc……..

Stock items:-
In this option we have to specify items information.
Steps for crarte measurement:-
1. Goto inventory info
2. Goto Unit of Measure
3. Goto Crete Option
4. Type the Sets
5. Enter.
Steps for create items:-
1. Goto inventory info
2. Goto stock items
3. Goto create(multiple stock items)
4. Name of the item = color tv’s
units = sets
F8:-With the help of this key only we can per stock sales operations
F9:-To perform all types of stock purchases operations
Note:-
To perform purchases and sales operations we have to create
“purchase a/c’s and sales a/c’s.

Problem 1:-
1. Mr. Praveen Started a New bussiness with 3,00,000/-
2. Power bill paid 1,200/-
3. Salary Paid 15,000/-
4. Interest Received 22,000/-
5. Purchases Color Tv’s 10 Sets Each one 9,000/-
6. Sales as Fallow’s:-
Color Tv’s 5 Sets Each one 15,000/-
Color Tv’s 3 Sets Each one 7,500/-
Color Tv’s 2 Sets Each one 12,000/-
Problem 2:-
1.Mr.Rakesh started a new business 5,00,000/-
2.cash deposited in to SBI 1,00,000/-
3.cash deposited in to andhra bank 2,00,000/-
4.Rent Paid paid – 1000/-
5.Purchases as fallow’s:-
a. Rice 25 Bags each one 1050/-
b. Oil 20 Cans each one 2600/-
c. Sugar 35 Bags each one 2350/-
d. Lux Soaps 50 Pisces each one 40/-
6. Cash withdraw from SBI 17,000/-
7. Cash Transfer to Andhra Bank to SBI 35,000/-
8. Sales as fallows through Andhra Bank:-
a. Rice 15 Bags each one 1500/-
b. Oil 14 Cans each one 3200/-
c. Lux Soaps 30 Pisces each one 55/–
d. Sugar 25 Bags each one 3100/-
9. SBI Cheque Issued to Kumar 10,000/- (Cheque No:170589)
10. Sales as fallows:-
a. Rice 10 Bags each one 1250/-
b. Oil 5 Cans each one 2900/-
c. Sugar 7 Bags each one 2700/-
d. Lux Soaps 20 Pisces each one 47/-
11.Cash Transfer to SBI to Andhra Bank 13,000/-
12.Cash Received from Kumar through SBI 10,000/-

Problem 2:- 2.46 video

1.Mr.Rakesh started a new business 5,00,000/-


2.cash deposited in to SBI 1,00,000/-
3.cash deposited in to andhra bank 2,00,000/-
4.Rent Paid paid – 1000/-
5.Purchases as fallow’s:-
a. Rice 25 Bags each one 1050/-
b. Oil 20 Cans each one 2600/-
c. Sugar 35 Bags each one 2350/-
d. Lux Soaps 50 Pisces each one 40/-
6. Cash withdraw from SBI 17,000/-
7. Cash Transfer to Andhra Bank to SBI 35,000/-
8. Sales as fallows through Andhra Bank:-
a. Rice 15 Bags each one 1500/-
b. Oil 14 Cans each one 3200/-
c. Lux Soaps 30 Pisces each one 55/–
d. Sugar 25 Bags each one 3100/-
9. SBI Cheque Issued to Kumar 10,000/- (Cheque No:170589)
10. Sales as fallows:-
a. Rice 10 Bags each one 1250/-
b. Oil 5 Cans each one 2900/-
c. Sugar 7 Bags each one 2700/-
d. Lux Soaps 20 Pisces each one 47/-
11.Cash Transfer to SBI to Andhra Bank 13,000/-
12.Cash Received from Kumar through SBI 10,000/-

In this concept we are performing stock oriented purchases,purchases returns,


sales returns to implement inventory Operations we have to perform following
operations.(3.02 video)

Ledger :-
Purchases Return = purchases accounts
Sales Return = sales accounts

Accounting Vouchers:-
CTRL + F9 —- DEBIT NOTE – Purchase Rerurns
CTRL + F8 —- CREDIT NOTE – Sales Returns

Note:-
To perform the concept we have to perform fallowing setting’s

Go to accounting vouchers
Press F11
Press F2
Use debit/credit note — Yes
Use invoice mode for credit note — Yes
Use invoice mode for debit note — Yes
Problem 1:-
1. Mr. Arvind started a new business with 5,00,000/-
2. Purchase as Fallows:-
i) Computers – 15 Sets Each one 16,000/-
ii) Pen drives – 50 No’s Each one 350/-
iii) Headphones – 35 Sets Each one 170/-
3.Purchase Returns:-

i) Computers – 3 Sets
ii) Pen drives – 7 No’s
iii) Headphones – 5 Sets
4. Sales as Fallows:-
i) Computers – 12 Sets Each one 25,000/-
ii) Pen drives – 43 No’s Each one 550/-
iii) Headphones – 30 Sets Each one 300/-
5.Sales Returns:-

i) Pen drives – 8 No’s


ii) Computers – 2 Sets
iii) Headphones – 5 Sets

Problem 2)(3.18 video)

1. Mr. Prasad started a new business with 6,00,000/-


2. Furnicher Purchased 30,000/-
3. Purchase as Fallows:-
i) LED Tv’s – 30 Sets Each one 15,000/- from Vijaya Traders
ii) Washing Machines – 15 Sets Each one 22,000/- from Bhuvana Traders
iii) Home Theaters – 45 Sets Each one 2500/- from Ravi Traders
4. Depreciation on Furnicher 4,000/-
5. Sales as fallows to Ganesh Traders:-
i) LED Tv’s – 20 Sets Each one 27,000/-
ii) Washing Machines – 8 Sets Each one 40,000/-
iii) Home Theaters – 30 Sets Each one 5000/-
6. Sales as fallows to Santhi & Co:-
i) Home Theaters – 10 Sets Each one 4200/-
ii) Washing Machines – 7 Sets Each one 35,000/-
iii) LED Tv’s – 10 Sets Each one 24,000/-
7. Sales Returns:-
i) Washing Machines – 2 Sets from Santhi & Co
ii) Home Theaters – 5 Sets from Ganesh Traders.
8. Donation received 10,000/-
9. Travelling Expns 1,700/-
10. Purchase Returns:-
i) Home Theaters – 5 Sets from Ravi Traders.
ii) Washing Machines – 2 Sets from Bhuvana Traders
11. Cash Paid to Vijaya Traders
12. Cash Paid to Bhuvana Traders
13. Cash Paid to Ravi Traders
14. Cash From Ganesh Traders
15. Cash From Santhi & Co 60% Only.

In simple terms, Discount is an allowance or concession in price. Discount is given


so that the buyer is induced to place an order and later to make payment in time.
Discount can be also referred to as a deduction in price. The seller deducts the
discount from the gross or total price, and the buyer is supposed to pay the net
amount.

Types of Discounts

The two kinds or types of discounts are


1.Cash Discount
2.Trade Discount

1.Cash Discount:-
Cash discount is an allowance or concession given by the seller to the buyer. This
discount is offered to encourage the buyer for quick payment or settlement. It is
allowed for immediate payment of cash or payment within a short period.

Note:-
To perform the concept we have to perform fallowing setting’s
Go to accounting vouchers
Press F11
Press F2

Separate discount on coloum invoice = Yes.

PROBLEM 1(3.40)
1. Mr. Srinivas started a Mobile business with 4,00,000/-
2. Cash deposited into SBI 50,000/-
3. Furnisher purchased 15,000/-
4. Purchase as follows:-
a. Samsung mobiles – 15 sets @ 7000/- cash discount 12%
b. Lenovo mobiles – 10 sets @ 5500/- cash discount 15%
c. Nokia Lumia mobiles – 5 sets @ 6000/- cash discount 25%
5. Cash with draw from SBI 30,000/-
6. Sales as follows:-
a. Samsung mobiles – 15 sets @ 12,000/- cash discount 10%
b. Lenovo mobiles – 10 sets @ 9,000/- cash discount 20%
c. Nokia Lumia mobiles – 5 sets @ 11,000/- cash discount 30%
7. Sales returns:-
a. Lenovo mobiles – 2 sets cash discount 20%
b. Nokia Lumia mobiles – 1 set cash discount 30%
8. Purchase returns:-
a. Lenovo mobiles – 2 sets cash discount 15%
b. Nokia Lumia mobiles – 1 set cash discount 25%

PROBLEM 2:-

1. Mr. Prakash started a Furnicher business with 10,00,000/-


2. Cash deposited into Andhra Bank 50,000/-
3. Rent paid through bank 15,000/-
4. Purchase as follows:-
a. Double cots – 10 no’s @ 25,000 cash discount 5.3%
b. Dining Tables – 15 sets @ 40,000/- cash discount 2.5%
c. Divan cots – 10 sets @ 12,000/- cash discount 8%
d. Dressing tables -20 sets @ 10,000/- cash discount 4.5%
5. Sales as follows:-
a. Double cots – 7 no’s @ 34,000 cash discount 2.7%
b. Dining Tables – 11 sets @ 48,000/- cash discount 5.5%
c. Divan cots – 5 sets @ 20,000/- cash discount 6.2%
d. Dressing tables -15 sets @ 18,000/- cash discount 3.5%
6. Sales returns:-credit note
a. Dining Tables – 2 sets cash discount 5.5%
b. Dressing tables -1 set cash discount 3.5%
7. Purchase returns:- debit note
a. Dining Tables – 2 sets
b. Dressing tables -1 set

Trade or Credit Discount3.53 video)


Trade Discount is a reduction in the catalogue price of the goods allowed only if
the quantity ordered by the buyer is quite large. Its purpose is to encourage the
buyer to make bulk purchases. It is allowed on cash as well as credit sales.
The trade discount is not shown in the books of account. The trade discount is
calculated as some percentage of the catalogue price. It varies according to the
quantity of order.

Note:-
To perform the concept we have to perform fallowing setting’s
Go to accounting vouchers
Press F11
Press F2
Use accounting bill country= Yes.

PROBLEM 1:-
1. Mr.Raju Started a New bussiness with 7,00,000/-
2. Rent Paid Through Bank 20,000/-
3. Cash Deposited into HDFC bank 1,00,000/-
4. Purchase as fallows:-
a.Computers 20 Sets @ 15,000/- Bill Counted 17 Sets
b.Laptop’s 15 Sets @ 23,000/- Cash Discount 5.7 %
c.Ext Hard Disks 30 Sets @ 4,000/- Bill Counted 25 Sets
5.Purchase as fallow’s from Reventh Traders:-
a.Laptop’s 10 Sets @ 20,000/- Bill Counted 9 Sets
b.Ext Hard Disks 5 Sets @ 3,500/- Cash Discount 10.7 %
6.Sales as fallow’s Through Bank:-
a.Computers 15 Sets @ 21,000/- Bill Counted 14 Sets
b.Laptop’s 15 Sets @ 40,000/- Bill Counted 12 Sets
c.Ext Hard Disks 20 Sets @ 7,000/- Bill Counted 18 Sets
d.Ext Hard Disks 10 Sets @ 6,200/- Cash Discount 3.5 %
7.Sales as fallow’s to Raja Traders:-
a.Laptop’s 10 Sets @ 35,000/- Bill Counted 8 Sets
b.Ext Hard Disks 5 Sets @ 6,500/- Bill Counted 4 Sets
8. Cash Withdraw from HDFC bank 75,000/-
9. Cash Paid to Reventh Traders
10. Cash From Raja Traders

PROBLEM 2:-
1.Miss.vineela started a new business with 5,00,000/-
2.Internet bill paid 1,200/-
3.cash deposited into SBI bank 1,50,000/-
4.Purchase as follows:-
a) Mine labtop’s 10 sets eachone 12,000/- discounted 4% from A1 traders
b) labtops 20 sets each one 14,000/- discounted 4.5% from A2 traders
c) Samsung mobiles 20 sets each one 2,100/- discounted 6% from A3 traders
d) Nokia mobiles 10 sets each one 4,000/- discounted 3%
e) Carbon mobiles 10 sets each one 5,500/- discounted 10%
f) Micromax mobiles 10 sets each one 9000/- discounted 7%
g) Lava mobiles 10 sets each one 2900/- discount 1.5%
5.Sales as fallows:-
a) Mine labtop’s 5 sets eachone 16,500/- discounted 2% from B1 traders
b) Mine labtop’s 5 sets each one 18,000/- discounted 3% from through SBI bank
c) Laptop’s 20 sets each one 38,000/- bill counted 19 sets
d) Samsung mobiles 20 sets each one 65 ,000/- discounted 6%
e) Nokia mobiles 10 sets each one 15,000/-
f) Carbon mobiles 10 sets each one 13,000/- discounted 5%
g) Lava mobiles 10 sets each one 4900/- discount 6.5%

6. Sales return:credit note


a) Samsung mobiles 1 set
7. Purchases return:debit note
b) Samsung mobiles 1 set
8. cash paid to A1 traders
9. cash paid to A2 traders
10.cash paid to A3 traders
11.cash from B1 traders

A purchase order sets forth the descriptions, quantities, prices, discounts,


payment terms, date of performance or shipment, other associated terms and
conditions, and identifies a specific seller. Also called order.
Purchase order (Alt+F4):-

Setting:-
Go to accounting vouchers
Press F11 key
Press F2 key
Allow purchases order processing = yes Ledger:-
Purchases order —- Purchases accounts

PROBLEM 1:-(4.8 video)4.21


1. Miss jyothi started a new business with 3,00,000/- 2. Purchase order given to
Rupa Traders with Order No:325 – It contain fallowing stock items
a. CRT Monitors 10 no’s Each one 3000/-
b. LCD Monitors 15 no’s Each one 4500/- discount 4.5%
c. LED Monitors 25 no’s Each one 6000/-
3. Goods Received from Rupa Traders with Order No: 325
4. Purchase order given to Vijaya Traders with Order No:907 -It contain fallowing stock
items
a. Keyboards 10 no’s Each one 300/- bill counted 9 no’s
b. Mouses 20 no’s Each one 150/- discount 2%
5. Goods Received from Vijaya Traders with Order No: 907
6. Cash Paid to Rupa Traders
7. Cash Paid to Viajaya Traders
8. Sales as follows:-
a. CRT Monitors 10 no’s Each one 4200/- discount 1.5%
b. LCD Monitors 15 no’s Each one 5600/- bill counted 14 no’s
c. LED Monitors 25 no’s Each one 8500/-
d. Keyboards 10 no’s Each one 550/- bill counted 8 no’s
e. Mouses 20 no’s Each one 220/- discount 3%

PROBLEM 2:-

1. Mr.Deva started a new business with 2,00,000/-


2. Purchases order to kumar trader with order no: 123 the fallowing items
a) B.p.l color tv’s 10 sets each one 3,000/-
b) L.g color tv’s 10 sets each one 5,000/-
c) Onida color tv’s 10 sets each one 5,500/- 3. Purchases order to sampanth trader
with order no: 120 the fallowing items
a) Lap top’s 50 sets each one 20,000/-
b) Sony mobiles 50 sets each one 5,000/-
4. Items received to kumar trader order no 123
5 Items received to sampanth trader order no 120.
6. Cash paid to kumar trader.
7. Cash paid to sampanth trader.
8. Sales as fallows:-
a) B.p.l color tv’s 10 sets each one 6000/-
b) L.g color tv’s 16 sets each one 7500/-
c) Onida color tv’s 10 sets each one 11,000/-
d) Sony color tv’s 10 sets each one 6,000/-
e) Laptop’s 40 sets each one 10,000/-

The sales order, sometimes abbreviated as SO, is an order issued by a business or


sole trader to a customer. A sales order may be for products and/or services.
Given the wide variety of businesses, this means that the orders can be fulfilled in
several ways.

Sales order (Alt+F5):- (4.23)


Setting:-
Go to accounting vouchers
Press F11 key
Press F2 key
Allow Sales order processing = yes
Ledger:-
Sales order —- Sales accounts
PROBLEM 1:-

1. Mr.Ganesh started a new small business with 50,000/-


2. Purchase order given to Anand Traders with Order No:301 – It contain fallowing
stock items
a. Liril soaps 10 Peaces Each one 150/- discount 2.5%
b. Lux soaps 20 Peaces Each one 200/- bill counted 18 Peaces
c. Dove soaps 15 Peaces Each one 170/- discount 2.5%
d. Santhoor soaps 10 Peaces Each one 130/- bill counted 9 Peaces
e. Pears soaps 25 Peaces Each one 220/- discount 3.2%
3. Received goods from Anand Traders Order No: 301.
4. Sales order received to Sindhu Traders with Order No:205 – It contain fallowing
stock items
a. Liril soaps 8 Peaces Each one 200/- bill counted 7 Peaces
b. Lux soaps 18 Peaces Each one 230/- discount 1.7%
c. Dove soaps 10 Peaces Each one 210/- bill counted 9 Peaces
d. Santhoor soaps 6 Peaces Each one 160/-
e. Pears soaps 20 Peaces Each one 250/- discount 3.1%
5. Goods given to Sindhu Traders Order No:205
6. Cash Paid to Anand Traders
7. Cash From Sindhu Traders.

PROBLEM 2:-
1. Miss.swathi started a new business 1, 00,000/-
2. Purchase order given to A1 trader with Order no 108. it contains the fallowing
items.
a) Lcd monitors 10 sets each one 2,000/-
b) Dvd players 10 sets each one 1500/-
3. Purchase order given to Big-c with Order no 102. it contain the fallowing items
a) Micro max mobiles 10 sets each one 600/-
b) Corbon mobiles 10 sets each one 1200/-
4. Goods received from A1 trader with order no 108.
5. Goods received from Big – c with order no 102.
6. Cash paid to A1 traders.
7. Cash paid to Big-c traders.
8. Sales as fallows:
a) Lcd monitors 10 sets each one 4000/-
b) Dvd players 10 sets each one 3900/-
9.sales order received from prasad traders with order no 104 it contain the
fallowing
a) Carbon mobiles 10 sets each one 6000/-
b) Micro max 10 sets 2000/-
10. Stock delivered to Prasad traders with order no:104
11. Cash from prasad traders.

Basically every business organization maintains necessary Godowns. To implement


this concept we have to perform the fallowing settings.

Setting’s:-
· Go to accounting vochoures
· Press F11 key
· Press F2 key
· Allow multiple Godowns — Yes

After Setting:-
· Go to inventory info
· Select the Godowns
· Select the multiple option
· Type the Godowns name
· EnterLedger:-
Ex:-
Autonagar — Sundry creditor

Alt + F7:-
If you want to shift be stock from specified Godowns to Main Location. Here we
can Use Keyword Alt + F7.

Problem 14.37 video


1. Mr.Ramana Started a new bussiness with 10,00,000/-
2. Purchase LED Tv’s 10 Sets Each one 12,000/-
3. Above Stock Under Autonagar Godown.
4. Purchase Aircondition’s (A/C’s) 10 Sets Each one 40,000/-
5. Above Stock Under Ganesh Godown.
6. 10 Sets LED Tv’s Transfer to Main Location
7. 5 Sets Aircondtions (A/C’s) Transfer to Main Location
8. Sales as fallows:-
a. LED Tv’s 8 Sets Each one 20,000/-
b. Aircondition’s (A/C’s) 3 Sets Each one 55,000/-
c. Aircondition’s (A/C’s) 4 Sets Each one 51,000/- from Ganesh Godown.

Problem 2:-

1. Mr.Kumar started a new business 3,00,000/- He is having two Godown’s A1 and


A2 godown’s
2. Purchases as fallow’s:
a) Lcd monitors 20 sets each one 6000/-
b) Laptop’s 20 sets each one 3500/-
The above stock under A1 Godown
3. Purchases as fallowes:
a) Furnicher’s 10 sets each one 7000/-
b) Computer 20 sets each one 10,000/-
The above stock under A2 Godown
4. A1 Godown stock transfer to main location
5. A2 Godown stock transfer to main location
6. Sales as fallows:
a) Lcd monitors 20 sets each one 12,000/-
b) Laptop’s 20 sets each one 20,000/-
c) Computers 20 sets each one 7,000/-
d) Furnicher 10 sets 20,000/-

Basically we are performing accounting operations in the format of Indian


currency only.Some times NRI persons invert amount in the format of Non-Indian
currency means. We note to convert capital amount in to Indian currency
format.to perform this concept we have to specify Necessary setting’s.
Setting:-1
1. Go to accounting vochoures
2. Press F11 key
3. Press F1 key
4. Allow multi currency = Yes

Setting :-2
1. Go to account info
2. Go to currency’s
3. Go to create
4. Create currency symbol($)
Currency name (dollar)
Enter
5. Press Esc button
6. Goto rates of exchange and enter exchange value.
$ — 67 —- 67 — 67
Problem 1(4.51 video)
1. Ajay (USA), Sekhar (Itali), Dinesh (London) Invested 750 $(Dollars),830
Euros,500 Pounds invested our Country.
1$(Dollar) =67 Rs/-
1E(Euro) =71 Rs/-
1P(Pound) =84 Rs/-
2. Cash Deposited into SBI 150 Pounds
3. Furnicher Purchased 13,000 Rs/-
4. Donation Received 170 Dollars
5 Power bill paid 5 Euros
6.. Office Expns 230 Pounds
7. Salary Paid 90 Euros
8. Cash with draw from bank 10,000 Rs/-
9. Cash paid to Wipro Ltd 190 Dollars
10.Commission Received 120 Euros
11.Cash Received from Wipro Ltd 50% Dollars

Problem 2
1. Avinash (USA), Sravani (Japan), Manoj (London) Invested 470 $(Dollars),80,000
Yens,900 Pounds invested our Country.
1$(Dollar) =67 Rs/-
1Y(Yen) =1 Rupee.68 Paisa /-
1P(Pound) =84 Rs/-
2. Cash Deposited into Andhra Bank 18,000 Yens
3. Mobile Purchased 25,000 Rs/-
4. Inteast Received 270 Dollars
5. Internet bill paid 600 Yens
6. Office Income 230 Pounds
7. Salary Paid 90 Dollars
8. Cash with draw from bank 10,000 Yens
9. Cash paid to Prakasah 15,000 Rs/-
10.Commission Received 1200 Yens
11.Cash Received from Prakash 70% Yens

In this concept we can implement various types of selling prices to perform this
concept we can fallowing settings.
Setting:-1
1. Go to accounting vochoures
2. Press F11 key
3. Press F2 key
4. Allow Multiple Price Levels = Yes
Dealer Price – Enter
Wholesale Price – Enter
Retailer Price – Enter
Customer Price – Enter
5. Enter

Basically the selling price levels are classified into 4 categories:


* Dealer Price
* Wholesale Price
* Retailer Price
* Customer Price
Problem 1(5.6 video)5.12
1. Mr.Naveen started a new business with 5,00,000/-
2. Cash Deposited into Andhra Bank 1,50,000/-
3. Furnicher Purchased 25,000/-
4. Salary Paid 15,000/- through bank
5. Depreciation on Furnicher 4,000/-
6. Purchase as fallows:-
a) Nokia Mobiles 10 Sets Each one 6,000/-
b) Lava Mobiles 20 Sets Each one 3,500/-
c) Samsung Mobiles 15 Sets Each one 5,000/-
d) Lenovo Mobiles 25 Sets Each one 4,500/-

7. Sales as fallows:-
a) Nokia Mobiles 5 Sets Each one 7,500/- Dealer Price
b) Samsung Mobiles 2 Sets Each one 9,000/- Retailer Price
c) Lenovo Mobiles 10 Sets Each one 5,000/- Dealer Price
d) Lava Mobiles 10 Sets Each one 5,500/- Wholesale Price
e) Nokia Mobiles 2 Sets Each one 9,200/- Customer Price
f) Lenovo Mobiles 8 Sets Each one 6,500/- Wholesale Price
g) Samsung Mobiles 6 Sets Each one 8,000/- Wholesale Price
h) Lava Mobiles 5 Sets Each one 4,200/- Dealer Price
i) Lava Mobiles 2 Sets Each one 6,300/- Retailer Price
j) Nokia Mobiles 2 Sets Each one 8,400/- Wholesale Price
k) Samsung Mobiles 5 Sets Each one 6,500/- Dealer Price
l) Lenovo Mobiles 4 Sets Each one 7,500/- Customer Price
m) Samsung Mobiles 2 Sets Each one 9,800/- Customer Price
n) Lenovo Mobiles 2 Sets Each one 7,000/- Retailer Price
o) Lava Mobiles 2 Sets Each one 6,900/- Customer Price

8. Commission Received through bank 17,000/-

Problem 2

1. Mr.Prakash started a new business with 1,50,000/-


2. Cash Deposited into SBI 10,000/-
3. Mobile Purchased Through Bank 5,500/-
4. Rent Paid 12,000/- through bank
5. Cash With Draw from SBI 4,000/-
6. Purchase as fallows:-
a) Pendrives 30 Pisces Each one 200/-
b) Memory Cards 50 Pisces Each one 150/-
c) Routers 35 Pisces Each one 700/-
7. Sales as fallows:-
a) Pendrives 10 Pisces Each one 250/- Dealer Price
b) Memory Cards 20 Pisces Each one 400/- Retailer Price
c) Routers 15 Pisces Each one 800/- Dealer Price
d) Routers 10 Pisces Each one 950/- Wholesale Price
e) Pendrives 5 Pisces Each one 450/- Customer Price
f) Memory Cards 10 Pisces Each one 320/- Wholesale Price
g) Memory Cards 5 Pisces Each one 200/- Dealer Price
h) Routers 5 Pisces Each one 1,200/- Customer Price
i) Pendrives 5 Pisces Each one 350/- Retailer Price
8. Petty Income 1,700/-
9. Travelling Expenses 250/-
10. Cash Deposited into SBI 5,000/-

The Concept of Drawings is with draw cash from capital to perform Drawing’s
operations.
We have to create Drawings Ledger under Capital A/c.

Drawing (F5) = By- cash


To – drawing.
Return Drawings (F6) = By – Cash
To – Drawing.
Drawings are classified in to mainly 2 options
1. Interest on drawing
2. Interest on capital
1. Interest on drawing:-
Ledger:- Interest on drawing – Indirect income
Using F7 Function key
F7 = By – name
To –interest on drawings
2. Interest on capital:-

Ledger:- Interest on capital – Indirect expenses


Using F7 Function key
F7 = By – interest on capital
To – name.

Problem 1(5.25)
1. Mr.Sampanth Started a new Business with 5,00,000/-
2. Cash Deposited into HDFC Bank 1,00,000/-
3. Bike Purchased 70,000/-
4. He Draw 1,00,000/- Amount for Personal Use.
5. He Return After 6 Months – Monthly Interest is 4,000/-
6. Cash With Draw from HDFC Bank 50,000/-
7. Salary Paid through bank 12,000/-
8. Donation Received 24,000/-
9. Petty Income 8,500/-
10.Company Paid Interest on Capital to Mr.Sampanth 10,500/-

Problem 2
1. Miss. Jansi Started a new Business with 8,00,000/-
2. Cash Deposited into SBI Bank 2,50,000/-
3. Scooter Purchased 70,000/-
4. She Draw 3,20,000/- Amount for Personal Use.
5. She Return After 10 Months – Monthly Interest is 8,200/-
6. Cash With Draw from SBI Bank 1,75,000/-
7. Power bill Paid through bank 2,350/-
8. Commission Received 38,500/-
9. Internet bill Paid 9,00/-
10.Company Paid Interest on Capital to Miss. Jansi 23,700/-

Note 1:-
Last Year Stock items entry to single (with money & sets)
Note 2:-

Last Year Accounts (Fixed assets, Expenses,Incomes, Sundry Creditor & Debitor,
Bank A/c’s) Entry to Ledger Name & Under Group with Values.

Ex:- SBI – Bank Account – 50,000.

Problem 1(5.39)
April – 2015 to March – 2016

1. Mr.Kumar Capital a/c 3,00,000/-

2. Tulasi & co 24,000/-

3. Nagesh & co 30,000/-

4. SBI bank 46,000/-

5. Furnicher 50,000/-

6. Cash 1,60,000/-

7. Stock : LED tv’s 5 sets each one 10,000/-

April – 2016 to March – 2017

1. Salary Paid 12,000

2. Purchase LED Tv’s 30 sets Each 10,000/- From Nagesh & Co.

3. Sold LED Tv’s 20 sets Each 12,000/- to Tulasi & Co

4. Sold LED Tv’s 13 sets Each 13,500/- to Tulasi & Co

5. Cash From Tulasi & Co.

6. Cash Paid to Nagesh & Co.

7. Rent Paid 10,000/- Through Bank.

Problem 2

April – 2015 to March – 2016


1. Mr.Ramesh Capital a/c 5,00,000/-

2. Ganesh Traders 45,000/-

3. Rajesh & co 30,000/-

4. Canara bank 46,000/-

5. Computer 25,000/-

6. Cash 2,30,000/-

7. Stock : Samsung Mobiles 8 sets each one 9,000/-

April – 2016 to March – 2017

1. Cash With draw from Bank 15,000/-

2. Purchase Samsung Mobiles 20 sets Each 9,000/- From


Ganesh Traders

3. Sold Samsung Mobiles 12 sets Each 11,000/- to Rajesh & Co

4. Sold Samsung Mobiles 10 sets Each 12,500/- to Rajesh & Co

5. Cash From Rajesh & Co.

6. Cash Paid to Ganesh Traders.

7. Salary Paid 15,000/- Through Bank.