* Ahat ie18

Taly Parime
Tally Prime?
Tally Prime Alecounting Soljwne
* Ahot Acounting Accountane?
’ 1hat is Aecountihg ?
Aeeounting is a syatem aic process ay
ident4ying menssoing, necoding. classi4i"g
summen zihg imtenponeting and communicathnN
tinanciad inomation.
* Ahy legm Accounting
MaimBaining Sgptematic Recoad e TonyAche.
09 Lo8.

+ Ascertaining financial Positioh.

+ Psieyenioh eh fonaud.
+ ihat is Accourtarnc?
The knoaledge a hoo to make acounding
ie called accoundang
* Basie Aeeunting Tema
by- fahul day
 * Ahat i Bueinos, Tuon 2ac4ieh ?
The tem "Bulhes Fahgaci0n" meoh ,
finaheil tangaction
tsin29cieh o x pueht entened into
by the poties and secaydod in the booty
ot accouhte. 14 i8 a tinaneial eveht ohi ch
Can
be expresed in Aema, o money
ond tingo change in 4he yinoh cil
position an entepise.
’ Thee ae too Types a Tsiong acioh
1. Cash Tan80cti6h - hen he ameunt
ie Aron gacled immediately on entoig
ih
in to a +nah 2a ction, H is a Cash
Toan39eHoh.
9. CouediH Trangaction - Lhen the omount
ib not 4an gacted immedig+e and
p9omige to bay (ater, it is a cAdit
Tnansactieh
st What is Capita ?
is the amouht inveted by the
Capital i6
propsietoy ost paortnen in the buineb,
14 may be in the 7o9tm eb money
ases having money liabili
o, the buin ess towoids the propielor o1
pestnen.
1+ 1s 4he amoubt oithdrawn o9 goods taken
by the psopiietey tor hi pensonal wse.
Ahe propi edoi ate

valued at poichase cost rQwings educe

4he invetment (on capital) o the owhoUs.
* ihat is Liabilitie,?
Liabilities meah 4he amount owed (pyable)
by the buiness to outsideo and to. the
popsntetos.
* These ahe tuso type, liabilities.
(1:) Cwnent Liabili4ies (Short tenm liabi lities)
These ahe ho2e liabi lites which ae
payable y ithin a yeat Exa mple o cwbeht
liabilihes ae cAditous bills paycble, ^ht
teHm tbang etc.
(2)Non- Cushent Liabilitie, (Lohq tesm liabilitie)
Lohq derm Liabiities ne those, fiabili4ie
which ane þayabe abten a tonge peribol
(more thon qyean ). Exompleg o term
l;olilitie ane tong tem loans debentues,.
ea uity shanes ede.
by- Rahul Yadav
 * What i Agsets ?
Assets Ýte popety Tegal ights oonec
by ah individul o to which
buines
mohey value cah be atta che.I other
ohich will enale the
toonds anything
im to get cah bene)t in
Ahe utute, is an ases. Exam ples o
sets a9te lond building i ma chiney Boniture
stock, debtou, cash ahd bant balance ete.
These ate two t40e3 38ets.
(a) Cuaent aets - Cuzrent asets
hose asets which ae tetaned in the
busines> with 4he pupose 4o cohvet
+hem nto cash oithin a short peni od sd
Sey. one yeast. For example oods
puiehased with a pwipo&e to
and eSm poralt.
cb) Non- Cworent asseto (fixed ABsea)- fixod
Aeset coe those assets ohich aNE Qcqui eo
hot with the pupose to Nesle but Ho
Jacilitate busine operaties ond increase
the eaoming copacity. ob the busi ness by
employing Ahem. Examples eb fir ecd asyes
lond, Building, machimey computes, vohicles
tunitune,ete
 * Theye ae two Tupes al fived A8gets.
(a) Assete o- Tangible assete are
Tangibie
Ahose ayets which have phyzical exislen ce
ahey c9h be 2reh nd touched Examples,
aseds aote land, building,
o Tangible computer,omitwe, goode ete.
machiney
(b) Intangible Aesets - intanaible asets as1e
4hose have physical
ssets hich do not Beeh
cahhot be and
existence, the
Examples o intangible assets ate
teuched
patents, gpodnill, trademark, copysights ele.
* lhat is Expenge?
|+#is the cost incunsred yon genehating
hevenue . Exam ple !- wges , rent, electricits
bill,
These ase Fowr types a, Expenge,.
1. Psepaid Expen8e i- 1+ is an expehse
4hat has been paid in qdvance and
4he benelit o ohich vill be available
in the ollocoihg yeM 091 4eas

Examþle i- advance rent, achance schsof Fee

ete.
by-Kahw Yodav
(2) OuteBanding Expeee i6 an expeh2e
that has hot been paid but 4he behef+
these e has already been availed.
Example - Electoricity eill, wgtesy Bill, ede.
(3) Diect Expense-Direct expeh 2es e oiiey
seladed to the psoductieh ol the poeduct.
factoy tent, Cogt o Saus
txomple i- lages,
E
tmateial, Fual, ete.
(4) Indiect Expeh2e 3- Inoisect expehse Qye hot

disectly related to the pooductisn o

the paoduct.
Example - Salory, Telephone bills ,
sBatienoy eke. fihting

A pessoh who yes ameuht to he

enteipi3e an
Qccouht coeit sates
oM 2e1vices is called a

Debto
 Credito
at)
A peison to yhon an enterpiee
owes
ameyht accou ht c csiedit purchases
caWed aa Corodlita.
Beivice is caled
o goods
t lhat is Goocd,?
de.
Me the physical iHemg e tra
14 i8 a a tem that applies to al -the
iHen mating up the gales ay purch ases
busies.
* What i8 Vouche
Veuche i8 an evidehe o a businesg
torah&acHoh. Exomple voucher a ee
Cash Me mo , invoice bill, Receipt, Debit/
Cotedit Notes etc.

What is Poro poietor invegtment

makes he
The perBoh who Siigke cohhectd
and beais all the
buzihes is ealled the
torth the
propoieton.

by- Ranul Yada

* What is Defoecialion the volue of
Depaeiati on is hal) ina
oith
ah asset becae o ugye
ime o obsescece
passage
gccident
Acc ount?
an
2el e coNd
gummai 9e
An trangactiohs selatig
the elevant
pasti
cula
farfi head
to
Cash AlG
* Sale Ak

Thee types o Hccouts

1.
Pe8onal Account
2. Real Aecount
Noihal Aecowrte
3.
Posonl Aecount&
1. Pensonal Aeeount te fhoe acc
oQhts

and onganizafions.
ohich reporesert pensons
Example -
* Supplieu
* Cust ome
* CorpoaBe bodie and insitutieng
2. Real Accourte-Real Accounts ate those
Aecounts ohich se peesent
aSsets.
Examble -
Buildings.
t Cash

3. Nemihal Accounts & Neminal Aec ounts

ae accounts where
income qnd expehge3 ate ecoHoled.
Example -
Sale
t Cost o goods sold
* Saloy xpehae
Jougnal Entg
by - Rahul Yadav
 A Jowma is Ahe poimay bok account.
inn which tansackiohy, 0e 4tput necorded
in a chtenological osden, ie:, as tho a91e
ehtered into, Tansactios 1e 4econded
in the Jouinal book J,6m 4he
veuchen Ahat is propaeo oh the accounhin
basic
o Sou1Ce. documehts. ie cash meme
ihyoices, pwnchase billB, ete,
TYPES oF AccOUNT DEBIT CREDIT
Perzonal Account The Receiver The Give
Real Aceount 1Whot Comes m What aoes, out

Nominl Acount Expenses ahd losses Iheome and

Goin,
Fomat s, Jounal entsies

Date Panticwa
Da. Amount Cn. Amount
6
Example o Jounal Endie
2000

* Puochase F'itue in Cash

Pote Phordicula Dr. Amo unt . Amount
2000
Fwinit1e Al ....Dr
To Cash AG .. C

* Puochabe FunitusHe thoreugh chewe 2000

Ftnitu1e Alc . .... Dy.

C 2000

CHeit.. .. 9000
* Punchate govdy ysren Anktt on coredit..
2000
Punc hase Alc... Dr
To Ankit Alc
* Panchase goodz rom Ankit on eash. 2000
Porchase Ac ..Dr
To 200
cah... Cr
Sold fuinituHe in o h 9000
Cash Alc ,...Dr
To fonitue Cs
Sold Fomitue hotough cheq,ue
Bank A{c ..D
To Aohitwne A/e ... Cy
* Sld Qovds to Ankit on cHeolit
9000

To Solen Ale....C
9000

* Sold gods to Anik tn Ceh 2000

2000
Cash Alc -.DY, 2000
To Sale, Ac... Co
* Punchase Aoda 4som Ram on Credi+
- 1S0D
Ponchase Alc ....D.
To kam Alc , Cs

Cash
in Cash
kan in ... . (0000
* Rrchase good som Kom
Pugchase Me ....Dy
To Cash . ...Cr.
* Cash paid to Rom.
soo0
Ram Ale ....Dy
To Cash Alc ,G

k Cheg,ue Paid to Ron.

Karn A/ . D
Bank Ae.... G.
To
Ciedit 20 TO0

Sald good to hyam .. Dr: 20 S0O

Shyom Ae
To Sales .. . 2000

by- Rahul Yaolqu

 Sold to Shyam in Cash.... Is ooD
Cash Ac ... D.
^oles Ale.. ..
To Sole

* Cash Received yorom shyam .

Cash Alc ... D.
Shygm Alu . .C.
To
(2000
* Chese KeceivedA/etrom Shyam...
(200D
Bank . ..Dr.
12680
To Shyam
* Salay Paid in Cash . ..
..... D.
Salony Ale

Rent.Recelved Thorough Cheqe

Bank Alc
To fent 4/o

Enty With Discount

Jousnal
Discount
Discount Allouwe
Received
(Debit)
Caedit )
(Dr)
(C*.) by- Rahul Xadav
* Rahul stoted buiness oith cash....(o0o0
0 60D
Cash A<c.... Dy.
To Copital Ale Coy.

* Paid into Rahul..

Go0
Bank A{c Dr
Ca.
To Cash AC .
goda yHem Ms S.Singh
* Bought Cheoit 2600

Punchase Ac ..Dr.
To Ms 8. Singh Co. A<c . C
* Paid to Ms s.singh q Co. 19SO

Discont alowed by them

2060
Mls SSingh Co. Alc .....Dr.
To Cash Ale
To Dis count Received ..., y, so
t Pusicha,e tunitone 200

fuonitwe. A<e ... .D. 200

To Cah Alc... Cr.

* Punchase adding Machine..
Machine Ale ..Dr.
AhaingTo Cah Alc .,..
* Puoncho,e. Typea)riden 600
6oo
lypewni4ey Alc.....Dr.
To Cash Alc. Cs 600

Poid ton postage.

Postage Ak,.
To Cash Ale...,C.

* Sold Aod> o ash 400

Csh Alc ......Dr.

. G. 460
To Sale, Alc ... . ,

chedit to Ms. kay ¢ co.. . . 560

* sold govds S6o
Dr
.Cy
To Sale, Alc ..

goods oh cedit to Ms. Sharda $ Co.... (ou

t* Sold
M's, Shondg e Co. Alc ....D,.
To Sales Alc Cr.

cheg,ue trom s. S.shaota 4 Co. ...

Received
Discount allowe
945
Bank Alc ,...Dr.
2S
Piscount Aloweo..
To s . S.shaoda Co. Ac...Cr: fooD
by- Rahw Yodau
* Doas tor ponivate use
Doasings Ac Alc ...C.
To Cash
40, 00D
(a) Mohan Storted buzine oith cash
(6) Deposited in bank
(C) Bought goos tor cash 2S0D
(d) Sold goods to sumit S
e) Bough gons oom Pavat 19So
t Recerved cash tom syit So
(9) Di scOunt Altowed 340
Pavat
(h) Pasd cah to (200
( Piseourt neceived
(ç) Receved oash tor goos old 235o
torom
(k Bought godsnivate ohit 1000
W Withohew tor expeh 2e>
cash em Siit md deposited
(my Keceived Ihto Bank
2S0
(hy Poid sundry trade expeh ge8 4S0
Paid Rent 230

Paid ash to Mo hit

(P) Discoumt Mecelveo
(9) 47S0
(9) Qrbde go d to Komy So