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F4 1 Cash withdrawn from HDFC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