Basic Rules of Accounting entries

Basic Rules of Accounting entries are the foundation stone to learn accountancy and  software to manage your account. Without learning Basic Rules of Accounting entries, it will be difficult to manage accounts no matter how powerful accounting software you are using .

We have already seen Basic Rules of Accounting entries  and groups in tally . Understanding basic rules of accountancy is a necessary process and one should take trouble to go through the basic rules of accounting before starting professional course like Tally.ERP 9. Without learning Basic Rules of Accounting entries, you are building a house without knowing about the foundation stone! I have seen so many users who straithly starts working on Tally.ERP 9 without caring of basic and latter of they look for support here and there and mess up their accounts. I have posted an another article on how to start writing books of account will also help you to understand basic rules of accounting entries.

Basic Rules of Accounting entries:

Like any other principles, Basic Rules of Accounting entries contains certain rules which helps you how to apply those rules while passing an entry in the Accounts.

Accounts are broadly categorized  into 3 Accounts :

1)Individual Accounts
2)Goods/Assets Accounts and
3)Profit/Loss or Income/Expenses Accounts

In the previous article, we have seen the classification of accounts under the above mentioned 3 broad categories.

This classification is very necessary to understand the rules of ‘Debit or Credit’ for any transaction:.
So, what are the Basic Rules of Accounting entries ?
A) Individual Accounts
In every individual accounts, there is two possibilities.
One is gainer and another is loss er OR we also can say
One is giver and another is receiver
the THUMB RULE for Individual Account  IS THAT

Credit the person who is giving and debit the person who is receiving.
Suppose, you have given cash rs. 1000 to Mr. X, then in your books of account you have to ”
Debit Mr. X Rs. 1000
Similarly In the books of account of Mr.X he will credit your account by Rs. 1000
For your kind information, the entry is not yet complete as we have seen only one rule yet.
B) Goods/Assets Account : The item of which we are trading is called Goods and item which we are purchase for use of the business is called Assets. For e.g. table and chairs are goods for a  dealer who is into trading of manufacturing of furniture while office premises will be his assets.

This rule is very simple.
” Debit what ever comes in
Credit whatever goes out ”

look to the above example cash is going out so, cash will be credited.

So, let’s complete the above entry
Debit Mr. X Rs. 1000.00
Credit Cash Rs. 1000.00
Similarly in the books of account Mr. X will pass entry as follows

Debit cash Rs. 1000.00 (because cash comes to him)

Credit your account with your name

Similarly ABC and Company issues a cheque of Rs. 15000 drawn on bank of Baroda to Mr. bimal kumar then entries in the books of account of M/s. ABC & Co. will be as follows:

Debit Bimal Kumar Rs. 15000.00
Credit Bank of Baroda Rs. 15000.00

Basic Rules of Accounting entries are easy to understand and once you understood it, you will be able to learn the Accountancy and Tally.ERP 9 very easily.

If you want to lean Basic Rules of Accounting entries systematically, then consider joining our online school

About the author

Mahendra Rana

Mahendra is founder and CEO of the I Vision Infotech, Authorised Tally Sales and Service Partner and helping Tally users to learn Tally and accounting free through this site

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146 comments
accounts packages - March 21, 2009

Sir,
I am Working women in my office we have accouts package, but I don't no any thing about this, So please kindly give me hints how to create ledger, and sales books and bank accouts and bills entry, because I am not having such position to go classes so please help me and send some basics & examples to my mail ID

Reply
    Anupama - April 8, 2010

    I want bankreconciliation format , rules with example.Thank you.

    Reply
      Mahendra Rana - April 8, 2010

      There is no format of bank reconciliation. please refer my posting on bank reconciliation for rules. best regards

      Reply
        TANMOY ROY - June 27, 2012

        what is renconcilation?and how it do it? kindly give one example…… I cant Understand it……

        Reply
    komal - May 16, 2011

    mujhy tally ka basic btao or explain…………with example………..

    Reply
    ravinder - May 19, 2012

    im working in tronsport companey.we have 63lorry. and how to enter ledger pls tell me

    Reply
    sairam - October 16, 2012

    hi,
    1 to creat ledger first open tally
    2 select accounting information
    selet ledger
    and
    creat ledger
    if u purchase from sai
    then sai is syndry creditor
    if sales to sai then sai is syndry debitor
    enter like this:
    sai
    syndry creditor

    Reply
Mahen - March 21, 2009

Which accounting package you are using ?
Soon I will update the site
best Regards,
Mahendra

Reply
Madhu - June 10, 2009

Could you please briefly explain about Reconciliation?

Reply
    nitin - April 7, 2011

    reconciliation refers making proper balance between cash book & bank balance

    Reply
    Opaniyi olawale - August 3, 2012

    Bank reconcilation is the agreement between bank statement ang your cash book. Make sure you prepare your cash book very well, and check your debit side in cash book against credit side in bank statement and vise visa

    Reply
Anupama - April 8, 2010

Please give me bankreconciliation format with example

Reply
ahsan ul haq - April 16, 2010

sir,
already i have tally 9 but i don,t know the properly working in tally. please help me in accounting vouchers entery rules with example thanks
Beast reagrds
Ahsan ul haq

Reply
umair - April 22, 2010

hi my name is umair i want to learn tally 9 onlin plz help me i have good basic knowledge of book keeping and accounting

Reply
santoshi - April 22, 2010

Please Send me Purchase, sale, contra, vat, cst, service tax, interest, discount voucher entries in tally.

Reply
    Mahendra Rana - April 22, 2010

    Satoshi,
    It is not possible to send all these entries to any particular mail ID
    Please contact me on Google buzz or my mail ID

    Reply
    sangita sunil kumre - April 20, 2013

    Sir,
    I am working women in my office we have account package. I don’t no any thing about this. So please kindly give me hints how to create ledger and sales and bank accounts and bill entry, because i am not having such problem to go classes. So please help me and some basics & Examples to my email id.

    Thanks

    Reply
      sangita sunil kumre - April 20, 2013

      Please Send me Purchase, sale, contra, vat, cst, service tax, interest, discount voucher entries in tally.

      Reply
BANK SATEATEMENT - May 18, 2010

SIR WE HAVE MORE PROBLEM IN BANK STATEMENT AND HOW TO TALLY OUR A/C AND BANK A/C

Reply
    Mahendra Rana - May 18, 2010

    Bank Statement,
    Without knowing your query, how one can solve your problem. you even don’t know how to put your name in a proper field ?

    Reply
kamesh - May 22, 2010

sir, we are using the tally software but i dont know how to enter all the transaction can u please send me the tips and instruction to do it nicely.i have some knowledge in tally

Reply
    mohammad asif - May 1, 2011

    sir pls can u tell me in tally there is by default list of groups and list of voucher if we need to creat group,ledger & voucher so which group/ledger/voucher name will come under which group/voucher like capital a/c under capital a/c sir pls can u list all the group/ledger/voucher name n under which group/voucher list pls sir it will be of great help

    Reply
SUMA - May 26, 2010

sir, we have tally 7.2 configuration at our office could u please send me basic tips

Reply
sunil kumar pandit - May 30, 2010

sir, we are using the tally software but i dont know how to enter all the transaction can u please send me the tips and instruction to do it nicely.i have some knowledge in tally.

Reply
    Mahendra Rana - May 30, 2010

    Dear Sunil Pandit,
    I have written so many articles on how to enter various transactions in tally, how to create a company, how to create ledgers and groups? have you read those articles ? I don’t know except this what kind of tips you are looking ? something like Alladin ka chirag ?
    Sorry, hard work is the biggest tip. you have to spent a lot of time to read various articles and after that if you face any confusion or problem then I am always available on chat to sort our problems. But I can’t provide a magic to you all by which you will learn a software or accounts by reading a page!

    Reply
      Ande Srikanth - April 6, 2011

      Dear sir,

      I have question on Tally, how to get company logo in Tally Software & do we able to customize the invoice?

      Thanks & Regards,
      Ande Srikanth

      Reply
ALI - May 31, 2010

Hi Sir
I would like to know how to post advance entries in tally like rent advance , salary advance, one more thing if i get PDC cheques from Client then what will be entry & in which voucher it will be effect.

An early response is highly appreciate
Regards
Ali

Reply
    Hafeez - July 19, 2011

    Please send ur contact no number i m chennai i will solve ur problems

    I m accountant in chennai

    Best Regards

    Hafeez

    Reply
ALI - May 31, 2010

Mr. Mahendra

Thanks to provide this website it is very helpful to me .If you dont mind can i get your phone no. or email id. If i get any problem in the future then i will keep in touch with you. Its amazing website to learn each & everything in the accounts feild.once again thanks
Ali

Reply
Reena - June 21, 2010

Dear Sir,

I am working as an accountant . i want to learn tally also. Please help.

Reply
Reena - June 23, 2010

Thnak you very much for your online support.

Reply
Rma - July 9, 2010

Dear sir,
I am wated to learn tally9.0 . so, please help me.
Thanks

Reply
    Mahendra Rana - July 9, 2010

    Dear RMa,
    You can definately learn tally.erp 9 for this purpose, you don’t need to buy tally software. educational version is enough to learn the tally.
    First of all, please donwload the educational version from http://www.tallysolutions.com then create a company.
    You may refer my articles for further reference on how to learn tally

    Reply
Shahid - August 21, 2010

Dear Sir,

I have completed B.com in 2008, but i am working in accounts field. i am working in IT Software ( Online Marketing)company as a computer operator (Email Marketing). but my confidenc is very low with these work. i want to learn a professional course but i am on two way that what?? Auto CAD or Tally ??
Please advise me Please Please tell me right way

Reply
    Mahendra Rana - August 24, 2010

    Shahid,
    I am not a suitable person to guide on such matter. I don’t play with people’s career this way!

    Reply
Raghavendra - September 2, 2010

Dear Sir,
I am requesting to you that please suggest me that how can i learn the tally, but one big problem for me that i don’t know any thing in tally because I am a student of science belong from rural areas and now I want to learn tally and I also want to make future in this field

Reply
    Mahendra Rana - September 5, 2010

    Raghvendra,
    You can learn tally by spending your time and by making lot of efforts. Spend as much time as you can to learn your self. then Go through various examples.Trial and error is the method to learn something. If you face any problem or confusion you need to give a VOICE to your problem and I am always here to solve it.

    The another way is to learn tally by spending money. you can join and enroll for any tally academy near to you.
    Choice is yours.

    Reply
glenn - September 16, 2010

dear sir, i have a problem with bank reco in tally. in the last year all the pending reco entries were not carried fwd to the next year as i CREATED a new company and did not SPLIT the company…i then manually entered last years closing balance as opening balance in the new company. Now my bank reco is not tallying. The difference is the amounts which were pending in last years reco. Kindly help. I will be most highly obliged

Reply
    Mahendra Rana - September 17, 2010

    Glen,
    In your newly created company in the bank ledger master alteration mode, you can specify the date from which you want to reconcile.
    Just put related date there.If you still face further problem, then please post your query on support forum of contact me on Gtalk at mkr2005

    Reply
      glenn - September 18, 2010

      my bank reco problem is still not resolved inspite of putting the effective date of reconciliation..reason being the the pending reco entries were not carried forward…and the opening balances of the bank were manually fed into the new computer…kindly help…thanks

      Reply
prakash - September 17, 2010

i issued a pdc(of next month) to our supplier & vice versa how i may post both entries for the same ?
i have purchased two items of one is 12.5% vat & anather one is of 5%, supplier gives a single invoice for the same, how i may post it?

Reply
    Mahendra Rana - September 19, 2010

    Prakash,
    One query at one time please. In single comment, post multiple query confuse me a lot.
    Further to above, I love to solve query at support forum

    Reply
sushant - September 18, 2010

How can i generate report of last year pending bills in tally ERP 9.0

Reply
madhuri - September 28, 2010

hi,
i i am working in accounting field & using tally ERP. i learn new about this package.new shortcuts in tally,& knowlege about in tally to accouting entries. how to enter all the transaction can u please send me the tips and instruction.i am working in tally but not expert in tally so can u help me to how bacome a expert in tally

Reply
    madhuri - September 28, 2010

    & can u send vareious information my mail id

    Reply
      Mahendra Rana - September 28, 2010

      Madhuri
      All information are available on the site http://www.tallynine.com.
      You have to spent time to find the related things. I do not serve ready mad food. If you face any problem relating to Accountancy or tally, then you should take trouble to give it a voice on the support forum
      Please do not consider Accountancy and Tally as easy as learning Abcdefg…

      Reply
        madhuri - September 29, 2010

        i am working in tally package & i have good knowledge in tally. but i want to details knowlade in tally. to related report or entries. beacuse not use all funtion or keys in tally. i know accountancy & tally not easy like abcd

        Reply
          Mahendra Rana - September 29, 2010

          Madhuri
          There is around 4-6 articles on TDS on this site. Have you tired to read them or just posting your queries….. first do read it and if you face any problem just let me know exact what problem you are facing.
          But I do never provide any materials to any body nor I have any such materials. I post articles based user specific query they post on the site or from my own experience. If you need specific guidance,then you may contact me on Gmail/Gtalk ID at any time.

          Reply
      jampana prasadarao - October 16, 2010

      your help line is excellent.Please inform me various functions of F1 to F12 in tally accounting system. Please also inform me how to write day book and transfer those entries to ledger accounts/individual accounts.

      Reply
saranya - October 6, 2010

dear sir,

I am working as an accountant . i want to learn tally also. Please help.

Reply
Sameera - October 10, 2010

Dear Sir,
I am using tally erp 9 and i have a problem with manufacturing entries. We have manufactruing section but we do not miantain stock in tally now. I need to know how in enter row material , manufactuirng , Final product , and cost of Final product . ect..
Please hope you will reply me soon

Sameera

Reply
nikita - November 8, 2010

hello, sir am learning basic tally but this is very different from my education i want to know that how can i want know about tally and what types of basic need in tally i want to work in tally can you help me to understand the tally courses thanks

Reply
Ifrah Khan - November 15, 2010

Good Evening sir,i want to learn Tally .ERP 9,because i am working as Account Assistant there i need it,Please help me and give me some tips over it.will be thankful to you..

Reply
prathap reddy - November 25, 2010

please tell me about point of sales

Reply
vaishali kawal - December 4, 2010

Please Send me vat, cst, service tax, interest, notes for working in tally 9.

Reply
pankaj - March 2, 2011

i have lost adminsister user name and password of tally 7.2
how can i get data of that company in

Reply
Jennis Richard - March 6, 2011

Dear Sir,

I am an accounts assistant in Bahrain concern. I hereby thank you for your service on Accounting doubts. It is very helpful for me to improvise myself by some of the useful questions and answers.Really you have more patience to answer those irritating questions. Hats-off to you.
Thanks
Jeny

Reply
    Mahendra Rana - March 6, 2011

    Hello Jenis Richard,
    Glad to meet you and thanks for your loving feedback. Do let me know if ever you have any problem in Accounts or Tally.erp 9

    Reply
      Appu - March 7, 2011

      Dear Mahendra,

      Glad to meet u, as i m working in Dubai as accountant i need your help to creat bank Reconciliation statement in Tally please contact with my email id and please give me your email id….Thank You…hope u will help me….

      Reply
        Mahendra Rana - March 7, 2011

        Appu,
        I help people only when they Do post their query in a detailed manner and with their Tally serial number.
        Else The query does not attended.

        Reply
RAMYASHRI - April 1, 2011

Hi Sir,

As i’m working in credit card department and knew the basic rules of accounts and there are lot manny to learn. can u suggest me on that. Ad i want to atten the interview. Kindly guide me….

With Regards,
Ramyashri.S.

Reply
ayesha - July 1, 2011

Sir ,

thanx for providing such vast information on Tally as i am new to this
i want to know the complete detail regarding receiving patments, making payments, tds salary , proffessional,contract-non contracts,servicetax receiveable etc

Reply
purabi - July 5, 2011

Sir

please help me, how i export the trial balance in excel sheet? in details please

Reply
Bheema - August 11, 2011

Hi,

I want to learn accounting packeges so what are the basics.

Pls let me know.

Pls mail me.

Rgds,
Bheema.

Reply
indra ghimire - September 8, 2011

Dear Sir,
I am Working in my office we have accounts package, but I don’t no any thing about this, So please kindly give me hints how to create ledger, and sales books and bank accounts and bills entry, because I am not having such position to go classes so please help me and send some basics & examples to my mail ID

Reply
S. Jeyachandran - November 6, 2011

i am pursuing MBA i have no idea about accounts so please sent any books are materials about the accounting basics principles rules
with thanks
S. Jeyachandran

Reply
jareen - November 14, 2011

Hello sir,

I am taking in charge of a office at present. I don know anything regarding how to maintain all the accounts in tally. I finished my MBA last year. I know only basic to operate tally. please help me to learn how to maintain assets, income expenditure and all basic for administration.

Reply
Kanchan Kothari - December 7, 2011

Want to know how to use Tally 7.2,basic Steps to be Remember in Tally 7.2.
Please Help me as soon as possible.

Reply
    Mahendra Rana - December 7, 2011

    Kanchan,

    Tally 7.2 is a dead product! only CA’s community might be using it because they don’t like latest technology nor they want to update their knowledge.

    Reply
      Roopam - May 16, 2012

      Hello Mahendra

      Your services are appreciable but putting a question mark on CA knowledge is not acceptable.

      Accounting is making you all the people alive and you are doubting on masters of accounting.

      All ERP’s naming Tally,Collebra or even if you name SAP all are led by Chartered Accountants.

      Regards
      Roopam Sharma

      Reply
FIROS - December 21, 2011

I START A NEW TAILORING AND TAX SHOP IN UAE , I WANT KNW ABOUT UERS FRDLY ACCOUNTING PACKAGE

Reply
Amit - April 11, 2012

Hi,
Sir…
i like income tax & accounting field so please advice me which field suitable me as future.
Also provide me accounting knowledge for job.

thanks

Reply
Rashmi - May 14, 2012

Sir,
I am working women in my office we have account package. I don’t no any thing about this. So please kindly give me hints how to create ledger and sales and bank accounts and bill entry, because i am not having such problem to go classes. So please help me and some basics & Examples to my email id.

Thanks

Reply
LAVANYA - May 18, 2012

sir, how can entry the E1 SALES & CST SALES OF MATERIAL CST SALE I ADD 2% OF TAX AND HOW CAN ENTRY THE E1 SALE TELL ME NOW SIR PLS

Reply
irshad shekh - June 5, 2012

hi my name is irshad i want to learn tally 9 online plz help me i have good basic knowledge of book keeping and accounting

Reply
munesh kumar - June 9, 2012

I am taking in charge of a office at present. I don know anything regarding how to maintain all the accounts in tally. I finished my MBA last year. I know only basic to operate tally. please help me to learn how to maintain assets, income expenditure and all basic for administration.

Reply
Deepak kakade - June 20, 2012

how to create loan entry when it has taken?

Reply
Santosh Omre - June 20, 2012

Dear Sir,

I am working for an airline industry past 12 years as an accounts executive. Basically i am handling cash part, i.e Imprest cash, cash collection same recording in SAP.

Sir my query is that is it possible to learn tally in one weeks time as i have got an job opportunity which i feel may be very challenging as i am not into core accounting so far. as i have only hanndled cash , imprest cash , counter sales.

but i want to explore my sefl in tally and tally was always my favroite and interested in learning the same. i can give my 100% in learning the same and i am commerce graduate.

Reply
murari - June 25, 2012

Sir, Please which entry for Salaries for tds

Reply
    anshu kumar jha - July 18, 2013

    how do work tally

    Reply
Rajesh - July 2, 2012

Sir, What I need is a teacher who would make me understand (not learn)accounts right from the basics. I joined a class to understand accounts but I could not understand 5% of what the tutor was saying.Please guide me what to do.

Reply
Rajesh - July 3, 2012

Sir,
thank you for replying. waiting for your forthcoming project.
Rajesh

Reply
Rajesh - July 4, 2012

Sir, please note. I am 52 retired. I did my SSLC in 1975.I am into accounts just out of interest.
Rajesh

Reply
ashish kumar - July 7, 2012

giving well concept about tally

Reply
Swapan Kumar - July 9, 2012

“Purchased office furniture (assets) worth Rs. 5000 on credit from Mr. Roy” please let me know in which voucher how to make this entry….thanks

Reply
    Prawesh - August 4, 2012

    In journal voucher(F7)
    Dr. Office furniture
    Cr Mr Roy

    Reply
    Ahmad Shah - August 23, 2012

    purchase a/c debit & bank a/c credit by 5000 like this
    furniture a/c 5000
    bank a/c 5000
    (because payment is done on credit base.so bank a/c included.

    Reply
      mahender kumar - November 26, 2012

      that is right………..means first u but hte furnitue fom shop and u give the check
      when check is clear u debit to furniture a/c and crdit bank a/c

      Reply
    man007 - August 25, 2012

    Dear Swapan Kumar,
    As you mentioned that office furniture is an asset so if you buy something for your business as an asset the following journal entry will pass :
    Furniture A/c 5000
    to Mr. Roy A/c 5000

    Reply
Pratik - July 12, 2012

thank you sir for providing information.

Reply
wendy van wyk - July 24, 2012

I started a bookkeeping, pay roll and pastel course, just need articles to increase my knowledge.thank you

Reply
Prem Krishnan - July 24, 2012

Dear Sir; I am working in a construction company as an Payroll Accountant. Now i am planning to change my profession from Payroll Accountant to an Accountant. For this purpose i have some doubts; if you are giving your mail address or mobile number that is good for me; basically i have some doubts; the doubts is as followsi want to know what is the role of an Paybles Accountant; what is his duties? I am waiting a favorable and quick action against my questions

Reply
Pramod - July 31, 2012

Dear Sir,

Presently I am Working on SAP (FICO) Module, i need to change my job on immediate basis because of market slow down, i have attend interview in one company there they are looking for tally back ground candidate, some how i got one more change to attend the interview in coming week, So kindly request you to help me on this, give me hints how to create ledger, and sales books and bank accounts and bills entry, Voucher entry… and view the statements, and pass the entries, i need to get this job very badly for my future… please help me and send some basics & examples to my mail ID as provide…

Reply
sarvesh kumar - August 1, 2012

DEAR SIR,
AAP MUJHE TALLY KI KOI AISI FILE SEND KAR SAKTE HAI JISHME LEDSER BANANE SE LEKAR SAARI ACC. INFORMATIONS HO
PLEASE SIR SEND ME EARLIEST
THANKS AAP KE NOTES SE HI ME 1 COMPANY ME ACCOUNTS ASST. KI JOB KAR RAHA HU

THANKS

Reply
sarvesh kumar - August 1, 2012

DEAR SIR,
AAP CASH FLOW OR FUND FLOW K BAARE ME MUJHE INFORMATION DIJIYE.

THANKS

Reply
Prawesh - August 4, 2012

Dear sir,
I am working in an NGO as an Accountant and working in Tally 7.2. Actually here, there are payments done through cheque which are issued in one date and these cheques are cleared after 8 to 9 days and i do these entry as payments in tally due to which the bank balances don’t match with the tally bank balance . so I want to ask u that where should i do these cheque issued entry so that bank actual balance and the bank balance in tally become equal.
Please Help me.

Reply
    ritika anand - August 20, 2012

    accounting works on revenue recognition bases so when actually the income is realised only then you should made entry, u may correct the voucher

    Reply
    Ahmad Shah - August 23, 2012

    actually this transaction has two effects.one is in the expence & second is in the balance sheet on laibilities site.then ur balance will be equal.

    Reply
    man007 - August 25, 2012

    Dear Prawesh,
    You should put cheque payment entries on date which your NGO has given into bank for clearance. And the next step is, you should tally these entries with Bank Statement later with the help of Bank Reconciliation step.

    Thanks

    Reply
neha - August 16, 2012

Respected Sir,
sir aap mujhe tally 9.0 ke complete notes ya koi asi file provide kra sakte jis se mai tally sikh sakhu please help me & provide me telly notes

Reply
anil chaturvedi - August 20, 2012

Respected Sir,
sir kya aap mujhe tally 9.0 ke complete notes provide kra sakte jis se mai tally sikh sakhu please help me & provide me telly notes

Reply
sonu - August 21, 2012

hello sir,
I am accountant worked in ngo I work in Tally 9 there salary i paid through NEFT then I know some staff salary is return so what entry we pass in tally 9y

Reply
Sudipta - August 25, 2012

Dear Sir,

How to i will entry in tally Imprest cash paid to staff?Its generaly advance paid to staff but simply what will be entry?

Reply
Kalpana - August 29, 2012

Please ap mjhe company ke shares and debenture ki entries ke rule btaiye…..

Reply
mohini pradeep dighe - September 7, 2012

Dear sir, i am working in my self office . i purchased tally software , but i confuse the entries so pl help me

Reply
rajesh - September 11, 2012

hi, My name is rajesh , I joined newly for accountant post in one company there is no tally software for that i downloaded tally software and started entering transaction but when i entered date other than Apr 1st,2nd then it shows error.
pls help me sir.
and also give me some information about licensed and free version

Reply
    Mahendra Rana - September 11, 2012

    You are using free version where you can enter only 1st and 2nd day

    License comes for Rs. 100 18000

    Reply
    Mehdi - September 21, 2012

    Mr. Rajesh, if your tally shows error after entering the date accept 1st and 2nd April it means you are using trial version or educational mode and for accepting all the dates you should install licensed version. if you want to free licensed so after installing the trial version you can crack it very easily.

    Reply
sam - September 12, 2012

sir is it necessary after passing sales, purchase & receipt ,payment entry we also have to pass journal entry for the same
sir n can u suggest hw can we pass entry of petty cash vouchers ,
n if we make payment of vendor by cheque what will be the entry

Reply
sam - September 26, 2012

DEAR SIR,
i working on tours and travels company so i am doing the work on cashex accounting software some difficulties on software so pls help me and suggest to me balance sheet show how to view

Reply
mahesh - September 27, 2012

how to enter imprest entry

Reply
mahesh - September 27, 2012

what is rebrusement

Reply
Pawan Poonia - October 17, 2012

Dear Sir
i am working in transport company so i am work in accounts in tally erp 9
i will expert in all entry of income and expenses. i am only confusion in tax and tds
entry only so pls sir help me and give me the solution of my problem

thanks sir

Reply
Nagesh Ghadi - October 21, 2012

hello sir,

i would like say ask that ,i want to learn tally, so please give me advice.

thanking you

Reply
    Mahendra Rana - October 21, 2012

    Hello Nagesh,
    We are launching an online Class/ School for all those who wanted to learn Tally.erp 9 online. Please be come back here for more details

    Reply
Saikrishna - November 10, 2012

Hello sir
from when your going to start online classes for tally.. Im eagerly waiting for this.. Before i learn in one institute tally9, but i forgot becoz no practise, not worked on this.

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M.SANKARA NARAYANAN - November 17, 2012

Sir , i am working in commercial vehicle service station i want to know about tally7.2 so shall you give me details about that. please send this to my Mail ID.

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prabhu - November 22, 2012

hi sir.

i need all journal entries with examples, kindly provide and do the needful.

regards
Prabhakar

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    mahender kumar - November 26, 2012

    supose u detit tge amount suspense a/c 50000/-now u konw the 50000/- is which coustmer ………so u pas the j.v……..debit to supens a/c and credit to soucter a/cs like this u can pas the entry

    Reply
khalid arman - December 2, 2012

hi sir
please send me trial balance copy

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mahadev - December 3, 2012

sir , how is enter the purchase invoice including vat plz help me

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velayudham - December 19, 2012

Hi sir,

i would like say ask that”31.03.2012 bank statement debited 2 times of insurance chq, and 2.04.2012 credited the same amount” so please explain the how to entered the entry.

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sana - December 21, 2012

sir is it necessary after passing sales, purchase & receipt ,payment entry we also have to pass journal entry for the same
sir n can u suggest hw can we pass entry of petty cash vouchers ,
n if we make payment of vendor by cheque what will be the entry

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kandan - December 22, 2012

how to use bank voucher entry pls upload my mail id t

thank you

kandan

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mahender kumar - December 23, 2012

i dont understrand what u want?
can u explain me the bacnk vocher.

kandan

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mahender kumar - December 26, 2012

helo sir
any body tel me what is the balnce sheet and expaln me with examp

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Rahim - January 13, 2013

Dear Sir,
I am Completed B.Com but i have some problem to learn Accounts, now i learn well tally your really gud person to help others question & giving nice result or gud solution.

Sure if i have any queries i will ask you… May god will hellp u all situation…

Reply
deepika - January 29, 2013

plz tell me about branch account& company a/c bcoz i wantoclear my exam nd this is very neccesarry for me i m nt able to take any coaching class

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MD WASLA FAIZI - February 17, 2013

hi
dear sir,
i have need of basic of CFA. may i watch in this site rules trial balance…
please plz plz help me

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nilesh tanpure - March 15, 2013

give mi information capital reduce and journal entries

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mahender kumar - April 7, 2013

MR nilesh

u want to reduce the capital….supose u captail a/c showing some amount but u whom wht to
give the money…supose u want to give the money u fahther ,,,so will be credit u father a/c and
debited captial a/c….but one thing i tel u no one company reduce the captial if they reduced thje
capital it will be affect tp balnce sheet

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k v rao - May 10, 2013

thanks

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MUSTAFA RAJA - June 7, 2013

I want to know how to clear the entries on suspense a/c, which i know that the payment is received by NEFT through bank. If suppose the invoice amount is Rs.5950 and i have received the payment of Rs. 5808 deducting the amount as follows:
Rs. 17.00 Postage
Rs. 119.00 Income Tax
Rs. 3.00 Surcharge
Rs. 2.00 Primary Education
Rs. 1.00 Sec & Higher Edu
So please let me know how i have to enter in Tally Step by Step.

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sumit - June 27, 2013

sir .
i want to create new account in tally 7.2 how will i create a new company account

sumit

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Ashes Kumar Chakraborty - July 8, 2013

Ashes

Sir you said somebody join premium membership
What is this?

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KHURSHID ALI BHATTI - July 18, 2013

SIR,

I am working as an accountant. i want learn tally payroll, purchase, sale entry.
please help you.

regards
Khurshid Ali Bhatti

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pravat kumar swain - August 9, 2013

If a firm giving cheque to A for office rent the entry will be in tally

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Pranab Talukdar - August 14, 2013

Sir i want to know the debit credit knowledge of tally some broadly…….. plz kindly rply in my E-mail

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Bhawe Kumar Singh - August 28, 2013

I AM WORK WITH TRANSPORT COMPANY , I HAVE 35 LORRY AND RECEIVE VECHILE FROM BROKERS SO , IWANT WANT TO RECORD IN TALLY ERP 9,, SO, HOW MANY LEDGER CREATE & WHERE IS POSTING ….. BUT I GIVE THE MONY ON ADVANCE ON BOOKING OF THE TIME …….AFTER THAT BALL AMOUNT AFTER RECEIVING THE DELIVERY COPY….. SO, PLEASE HELP ME…. URGENTLY….

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