Accounting Notes:- (MUKESH SIR)

An accounting is an individual record of a persons for assets

Income and expenses. Account is an extended form of
accounting.
There are three types of account:-
1. Personal Account:-Representative accounts are called
Personal Account. It is a two types of accounts:-
i) Natural personal Account:- Relation with the person is
called Natural personal account. Ex:-Capital a/c, Drawing
a/c, Mohan a/c, Ram a/c, Vimal & brothers a/c, etc…
ii) Artificial personal Account:-Collection of Natural
personal design by the a/c of the artificial department is
called artificial personal a/c. Ex:- Bank a/c, Firm a/c,
Insurance company a/c, club a/c, Loan a/c. etc..
2. Real Account :-Accounts are the assets and possessions are
called the Real Account.
It is a two types of this account:-
i) Tangible Real Account :- When we can touch see,
measure, purchase, and all sell assets they are called tangible
real account. Ex:-Cash a/c, Building a/c, Stock a/c, Sales a/c,
Purchase A/c, Purchase return a/c, Land a/c, Machinery a/c,
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 Accounting Notes:- (MUKESH SIR)

Plant a/c, Furniture a/c, Motorcar a/c, Horse & carts a/c,
Investment a/c, Loose tools a/c, Stock a/c, Life Insurance
policy a/c, Bill payable a/c, Bill receivable a/c etc…
ii) Intangible Real Account :- When we can’t touch , see, and
assets they are called intangible real a/c. Ex:-goodwill a/c,
patient a/c etc…
3. Nominal Account :- All items of profit and losses income
and gains are called Nominal Account. Ex:- Wages a/c, Salary
a/c, Carriage inward a/c, Carriage outward a/c, Cartage a/c,
Rent a/c, Commission a/c, Discount a/c, Coolie a/c, Interest
a/c, Postage a/c, Trading expanse a/c, Printing and stationary
a/c, fuel a/c, Advertisement a/c, Insurance premium a/c, Fee
a/c, legal expanse a/c, Travelling expanse a/c, Repair a/c, Bad
depth a/c, Depreciation a/c, Office expanses a/c etc…
 GOLDEN RULES FOR DEBIT AND CREDIT:-
1. Personal Account :-
Debit --->Receiver
Credit --->Giver
Ex:- Mohan has received a cash Rs.10000.
=>Mohan a/c ->Personal a/c ->Receiver ->Dr
=>Cash a/c ->Assets -> Goes out-> Cr
2. Real Account :-
Debit --->Comes in

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 Accounting Notes:- (MUKESH SIR)

Credit --->Goes out

Ex:- Purchase Furniture Rs. 20000
=>Furniture a/c -> Assets ->Real -> comes in-> Dr
=> Cash a/c -> Assets ->Real ->goes out-> Cr
3. Nominal Account :-
Debit --->Expanses and Losses
Credit --->Income and Gains
Ex :- Paid Salary Rs5000.
=>Salary -> Expanses-> Nominal ->Dr
=>Cash ->Assets-> Real-> Goes out-> Cr
 SHORTCUT KEY IN TALLEY :-
1. F1->To select the company
2. F2->To change the date
3. F3->To create the company
4. F4->To select the “contra” voucher
5. F5->To select the “payment” voucher
6. F6->To select the “receipt” voucher
7. F7->To select the “Journal” voucher
8. F8->To select the “sales” voucher
9. F9->To select the “purchase” voucher
10. F10->To select the accounting feature
11. F11->To select the company feature
12. F12->To select the accounting configuration

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 Accounting Notes:- (MUKESH SIR)

13. CTRL+A->To save a voucher

14. CTRL+B->To select the budget
15. CTRL+C->To select the cost category & cost centre
16. CTRL+D->To duplicate the voucher
17. CTRL+E->To select the currency
18. CTRL+G->To select the group
19. CTRL+L->To select the language
20. CTRL+M->To close the Talley
21. CTRL+N->To select the calculator
22. CTRL+O->To select the Godown
23. CTRL+R->To hide the line
24. CTRL+F6->To select the rejection in outward voucher
25. CTRL+ENTER->To alter a master
26. ALT+F2->To change the period
27. ALT+F4->To select the purchase order voucher
28. ALT+F5->To select the sales order voucher
29. ALT+F6->To select the rejection inward voucher
30. ALT+F7->To select the manufacturing general voucher
31. ALT+F8->To select the delivery note voucher
32. ALT+F9->To select the receipt note voucher
33. ALT+F10->To select the numirendon voucher
34. ESC->Close and back the Talley
35. DD->Daybook
36. B->Balance sheet
37. G.O.T->Gateway of tally.
 Some Example of Accounting:-

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 Accounting Notes:- (MUKESH SIR)

1. Open a new account in ICICI Bank Rs1000.

Solution;
->Here is the two account created:-
(a)ICICI Bank A/c->Personal A/c->Receiver->Dr->1000
(b)Cash A/c->Real A/c->goes out->Cr->1000
2. Purchase Furniture Rs5000 to furniture Mart.

Solution;

->Here is the two account created:-

(a)Purchase A/c->Real A/c->comes in->Dr->5000

(b)Furniture Mart A/c->Real A/c->goes out->Cr->5000

3. Salary Paid Rs5000 in cash.

Solution;
->Here is the two account created:-
(a)salary A/c->Nominal A/c->Expanses and losses
->Dr->5000
(b)Cash A/c->Real A/c->goes out->Cr->5000
4. Purchase Building Rs1,50,000 to vatu Bihar.
Solution;
->Here is the two account created:-
(a)Building A/c->Real A/c->comes in->Dr->1,50,000
(b)VastuBiharA/c->Personal A/c->giver->Cr->1,50,000
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 Accounting Notes:- (MUKESH SIR)

5. Rent Paid Rs2500 in SBI Bank(exception question).

Solution;
->Here is the two account created:-
(a)Rent A/c->Nominal A/c->Expanses->Dr->2500
(b)SBI Bank A/c->Personal A/c->giver->Cr->2500
6. Cash Received in PNB Bank RS1000.
Solution;
->Here is the two account created:-
(a)Cash A/c->Real A/c->comes in->Dr->1000
(b)PNB Bank A/c->Personal A/c->giver->Cr->1000
7. Plant sold RS1000.
Solution;
->Here is the two account created:-
(a)Cash A/c->Real A/c->comes in->Dr->1000
(b)Plant A/c->Personal A/c->giver->Cr->1000
8. Paid to Mohan RS1000.
Solution;
->Here is the two account created:-
(a)Mohan A/c->Personal A/c->Receiver->Dr->1000
(b)Cash A/c->Real A/c->goes out->Cr->1000
9. Purchase goods for Cash Rs1000.
Solution;
->Here is the two account created:-

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 Accounting Notes:- (MUKESH SIR)

(a)Purchase A/c->Real A/c->comes in->Dr->1000

(b)Cash A/c->Real A/c->goes out->Cr->1000
10. goods sold for cash Rs500.
Solution;
->Here is the two account created:-
(a) Cash A/c->Real A/c->Comes in->Dr->500
(b)Sales A/c->Real A/c->goes out->Cr->500
11. purchase a building For cash Rs50,000.
Solution;
->Here is the two account created:-
(a)Purchase A/c->Real A/c->comes in->Dr->50000
(b)Cash A/c->Real A/c->goes out->Cr->50000
12. Received Commission Rs200.
Solution;
->Here is the two account created:-
(a)Commission A/c->Nominal A/c->income->Dr->200
(b)Cash A/c->Real A/c->goes out->Cr->200
13. Rent Received in cash Rs300.
Solution;
->Here is the two account created:-
(a)Cash A/c->Real A/c->Comes in->Dr->300
(b)Rent A/c->Nominal A/c->Income->Cr->300
14. Cheque(Bank a/c) issue to Ram RS600.
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 Accounting Notes:- (MUKESH SIR)

Solution;
->Here is the two account created:-
(a)Bank A/c->Personal A/c->Receiver->Dr->600
(b)Ram A/c->Personal A/c->giver->Cr->600
15. Cheque received from Sunil and given to Anil RS 100.
Solution;
->Here is the two account created:-
(a)Sunil A/c->Personal A/c->Receiver->Dr->100
(b)Anil A/c->Personal A/c->giver->Cr->100
16. Sold goods to Mohan Rs500.
Solution;
->Here is the two account created:-
(a)Mohan A/c->Personal A/c->Receiver->Dr->500
(b)Sales A/c->Real A/c->goes out->Cr->500
17. Rent received from Mohan Rs5000(**).
Solution;
->Here is the two account created:-
(a)Mohan A/c->Personal A/c->Receiver->Dr->5000
(b)Rent A/c->Nominal A/c->income->Cr->5000
18. Purchase goods from Mohan Rs1000.
Solution;
->Here is the two account created:-
(a)Purchase A/c->Real A/c->Comes in->Dr->1000

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 Accounting Notes:- (MUKESH SIR)

(b)Mohan A/c->Personal A/c->giver->Cr->1000

19. Commission allowed to shyam RS100.
Solution;
->Here is the two account created:-
(a)CommissionA/c->NominalA/c->expanses->Dr->100
(b)Shyam A/c->Personal A/c->giver->Cr->1000
20. Deposit in Bank Rs2000.
Solution;
->Here is the two account created:-
(a)Bank A/c->Personal A/c->Receiver->Dr->2000
(b)Cash A/c->Real A/c->goes out->Cr->2000
21. Paid interest to Loan RS10000.
Solution;
->Here is the two account created:-
(a)Interest A/c->Nominal A/c->expanses->Dr->10000
(b)Loan A/c->personal A/c->giver->Cr->10000
22. Paid instalment of Loan RS900.
Solution;
->Here is the two account created:-
(a)InstallementA/c->NominalA/c->expanses->Dr->900
(b)Loan A/c->Personal A/c->giver->Cr->900
23. Interest allowed by Bank Rs200.

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 Accounting Notes:- (MUKESH SIR)

Solution;
->Here is the two account created:-
(a)Interest A/c->Nominal A/c->expases->Dr->200
(b)Bank A/c->Personal A/c->giver->Cr->200
Talley ERP-9:-
 Open the Talley:-
Step->Click start->Talley ERP-9->Work In education
Mode->Multi users->Enter.
 Close the Talley:-
Step->press ESC button->quit->yes.
Fig:-

 Create the Company:-

Step->Press ALT+F3->Create a Company->enter.
Shortcut Key:- ALT+F3+C
Directory:

Name:
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Mailing Name:

Address:

Country:

State:

Pin Code:

Mobile No.:

Email Address:

Fax No:

Website:

Financial Year:21-.1-2019

Book beginning year:21-01-2019

Maintained Account only: Only Talley work

Account With inventry:Use Talley +stock work

Tally vault Passwords:

Use security control: No

Base Currency symbol: Rs

Formal Name: INR

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no. of decimal place:2

 Open the Company :-

Step->Press ALT+F3->Select comp.->Enter->
Shortcut Key:- F1
 Shut the company :-
Step->Press Alt+F3->Shut comp.->Enter
Shortcut Key:- ALT+F1
 Change the Company:-
Step->Press Alt+F3->Alter->Enter
 Delete the Company :-
Step->Press Alt+F3->Alter->Enter->ALT+D->Yes
 Ledger:-
A ledger is an account or record used to sort , store and
summarize a company transaction.
Step->choose the G.O.T->Accounting info.->
Ledger->create
Shortcut key:- ALC.

LEDGER UNDER AMOUNT

Capital A/c Capital A/c 8,50,000
Capital Reserve Reserve Surplus 65,000
General Reserve Reserve Surplus 65,000
P&L A/c Primary 45,000
Bank OD at SBI Bank OD 70,000
Bank

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Loan From HDFC Secured Loan 90,000

Bank
Loan From Unsecured Loan 1,10,000
Mahindra Finance
Mukesh & sons Sundry Cr. 40,000
Mantosh & sons Sundry Cr. 50,000
Jays & sons Sundry Cr. 30,000
Outstanding AMC Current liabilities 60,000
charge
Buildings Fix assets 2,25,000
Machinery Fix assets 65,000
Mr.Rahul Sundry Dr. 55,000
Mr.Rakesh Sundry Dr. 88,000
Mr. Deepak Sundry Dr. 45,000
Cash Cash inward 80,000

 NOTE :-

->By default ledger in Talley:-

a.) Cash A/c

b.)P&L A/c

 Ledger Creation:-

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Ledger Name:- Capital A/c

Under:-Capital A/c
Balance :-85,000 Y/N

 Report:-
1. Choose the G.O.T->Display->Trial Balance
2. Choose the G.O.T->Balance Sheet->
3. Choose the G.O.T->Display->Day Book
4. Choose the G.O.T->Display->Accounts Book or CashBook
5. Choose the G.O.T->Display->Statement of account
->Outstanding->Payable
 VOUCHER (kharch ka purja):-
A voucher is a bond of the redeemable transaction type
which is worth a certain monetary value and which may be
spent only for specific reasons or on specific goods.
Ex:- Including housing, travel, shopping and food voucher.
Types of voucher:-
1.) Contra voucher(F4):-Any type of transaction cash or
Bank that is called Contra voucher.
Ex:- Cash to Cash
Cash to Bank
Bank to Cash
Bank to Bank
2.) Payment Voucher (F5):- Any type of paid entry that is
called Payment voucher.
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Ex:- Salary paid Rs5000 in Cash

Rent paid Rs250 to SBI Bank.
3.) Receipt Voucher (F6):- Any type of received entry that is
called receipt voucher.
Ex:-Commission Received RS4000
Interest Received RS 5000
4.) Journal Voucher (F7):- Any type of non-transaction
Billing that is called Journal voucher.
Ex:- Purchase Furniture RS500 to furniture mart.
Building Purchase RS100000 to pihu Builder.
 Note:-
Contra and Receipt->”TO “ then “BY”.
Payment and Journal->”BY” then “TO”.
 Some Example of Voucher:-
1. Open a new account in ICICC Bank RS10000.
Step->Choose the G.O.T->Accounting voucher->enter
F4-Contra Voucher
TO- Cash A/c-10000
BY- ALT+C
ICICI Bank A/c
Under-Bank A/c

2. Paid salary RS10,000 in Cash.

Step->Choose the G.O.T->Accounting voucher->enter
F5-Payment Voucher
BY- ALT+C

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Salary A/c-10,000
Under-Indirect expanses
TO- Cash A/c
3. Purchase Furniture RS5000 to Furniture Mart.
Step->Choose the G.O.T->Accounting voucher->enter
F7-Journal Voucher
BY- ALT+C
Furniture A/c-5000
Under- Fix Assets
TO- ALT+C
Furniture Mart
Under-Sundry Cr.
4. Interest Received RS5000 in Cash.
Step->Choose the G.O.T->Accounting voucher->enter
F6-Recipt Voucher
TO-ALT+C
Interest A/c-5000
Under-Indirect expanses
BY- Cash A/c
5. Rent paid RS1000 in SBI Bank.
Step->Choose the G.O.T->Accounting voucher->enter
F5-Payment Voucher
BY- ALT+C
Rent A/c-1000
Under-Indirect expanses
TO- ALT+C
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SBI Bank A/C

Under-Bank A/c
6. Purchase Building RS2,50,000 to Pihu Builder.
Step->Choose the G.O.T->Accounting voucher->enter
F7-Journal Voucher
BY- ALT+C
Building A/c-2,50,000
Under- Fix Assets
TO- ALT+C
Pihu Builder
Under-Sundry Cr.
7. RS500 Paid in Cash or Journal expanse.
Step->Choose the G.O.T->Accounting voucher->enter
F5-Payment Voucher
BY- ALT+C
Journal expanse-500
Under-Indirect expanses
TO- Cash A/C
8. Cash received in HDFC Bank RS200.
Step->Choose the G.O.T->Accounting voucher->enter
F4-Contra Voucher
TO- ALT+C
HDFC Bank A/c-200
Under-200
BY- Cash A/c
9. Paid hotel expanse RS2500 in SBI Bank(*Doubt*).
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Step->Choose the G.O.T->Accounting voucher->enter

F5-Payment Voucher
BY- ALT+C
Hotal expanse-500
Under-Indirect expanses
TO- ALT+C
SBI Bank A/c
Under-Bank A/c
10. Machinery purchase to Kolkata Machinery RS3000.
Step->Choose the G.O.T->Accounting voucher->enter
F7-Journal Voucher
BY- ALT+C
Machinery A/c-3000
Under- Fix Assets
TO- ALT+C
Kolkata Machinery
Under-Sundry Cr.
11. Paid incentive RS500(***).
Step->Choose the G.O.T->Accounting voucher->enter
F5-Payment Voucher
BY- ALT+C
Incentive A/C -500
Under-Indirect expanses
TO-Cash A/c

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12. Insurance paid in SBI Bank RS1000.

Step->Choose the G.O.T->Accounting voucher->enter
F5-Payment Voucher
BY- ALT+C
Insurance A/c-1000
Under-Indirect expanses
TO- ALT+C
SBI Bank A/c
Under-Bank A/c
13. Deposit into HDFC Bank RS500.
Step->Choose the G.O.T->Accounting voucher->enter
F4-Contra Voucher
TO- Cash A/c-500
BY- ALT+C
HDFC Bank A/c
Under-Bank A/c
14. Paid stationary bill RS250 in cash.
Step->Choose the G.O.T->Accounting voucher->enter
F5-Payment Voucher
BY- ALT+C
Stationary bill-250
Under-Indirect expanses
TO-Cash A/c
15. Transfer Rs2000 from main cash to patty cash.

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Step->Choose the G.O.T->Accounting voucher->enter

F4-Contra Voucher
TO- Cash A/c-2000
BY- ALT+C
Patty Cash
Under-Cash inhand
16. Purchase land RS500000 to Ajit&satish property
dealer.
Step->Choose the G.O.T->Accounting voucher->enter
F7-Journal Voucher
BY- ALT+C
Land A/c-5,00,000
Under- Fix Assets
TO- ALT+C
Ajit&satish property dealer.
Under-Sundry Cr.
17. Cash received in ICICI Bank RS1000 and same time
deposit into HDFC Bank.
Step->Choose the G.O.T->Accounting voucher->enter
F4-Contra Voucher
TO- ALT+C To-Cash A/c-1000
ICICI Bank A/C-1000 BY-ALT+C
Under-Bank A/c HDFC Bank A/C
BY- Cash A/C Under- Bank A/C

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18. Paid RS500 to Mr.Raju.

Step->Choose the G.O.T->Accounting voucher->enter
F5-Payment Voucher
BY- ALT+C
Mr.Raju-250
Under-Sundry Dr.
TO-Cash A/c
19. Paid commission in RS2000 SBI Bank.
Step->Choose the G.O.T->Accounting voucher->enter
F5-Payment Voucher
BY- ALT+C
Commission A/c-2000
Under-Indirect expanse.
TO-ALT+C
SBI Bank A/C
Under-Bank A/c
20. Rent paid RS5000 to Mr.Deepak(Imp.Q.).
Step->Choose the G.O.T->Accounting voucher->enter
F7-Journal Voucher
BY- ALT+C
Rent A/c-5000
Under- Indirect Expanse.
TO- ALT+C
Mr.Deepak

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Under-Sundry Cr.
21. Audit Fee paid RS2000 to Mr.Amar (Imp.Q.).
Step->Choose the G.O.T->Accounting voucher->enter
F7-Journal Voucher
BY- ALT+C
Audit Fee-2000
Under- Indirect Expanse.
TO- ALT+C
Mr.Amar
Under-Sundry Cr.
 Note:-
अगर Voucher payment paid रग “TO” Bank
or Cash A/C ग.
अगर व
Journal Voucher ग.
 Cost Category and Cost Centre:-
Step->Press F11->F1 (Accounting feature)->
Maintain Cost Centre-Yes
Maintain more than one Payroll-yes
Use for job costing-Save
 Cost Category:-
Step->choose theG.O.T->Account info->CostCategory->Create
1. Branch
2.Employee
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3.Telephone

 Cost Centre:-
Step->choose the G.O.T->Account info->Cost Centre->Create
1. Branch:-
Kolkata
Mumbai
Delhi
Under:- Primary
2. Employee :-
Mr. Dev
Mr. Chopra
3. Telephone:-
06182622289
77788454875
 Some example:-
1.) salary paid Rs5000 in cash from MR. chopra at Kolkata
Branch as date on 21/01/2019.
Step->choose the G.O.T->Accounting Voucher->Enter
F5-Payment
By- ALT+C
Salary A/C-5000
Under-Indirect expanse

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Use Cost Centre are applicable-yes

Branch-Kolkata
Employee- MR.chopra
TO- Cash A/C
2.) Paid Telephone bill RS6500 (4000,2500) through
cheque of SBI Bank as Date on 22/01/2019.
Step->choose the G.O.T->Accounting Voucher->Enter
F5-Payment
By- ALT+C
Telephone bill-6500
Under-Indirect expanse
Use Cost Centre are applicable-yes
Telephone-06182622289
77788454875
TO- ALT+C
SBI Bank A/C
Under-Bank A/C
3.) Paid RS 550 In cash to Mr.Dev as on incentive(more
than target =incentive).
Step->choose the G.O.T->Accounting Voucher->Enter
F5-Payment
By- ALT+C
Incentive A/C-550
Under-Indirect expanse
Use Cost Centre are applicable-yes

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Employee- MR. Dev

TO- Cash A/C
4. Paid Advertisement RS30000 through cheque of SBI
Bank (cheque no.500126) 30% Kolkata, 25% Delhi, 25%
Mumbai, 20% Chennai Branch.
Step->press F11->F1->Use pre define Cost Centre a
location during entry-yes
Name of Class
Advertisement
Branch-Kolkata-30%
Mumbai-25%
Delhi-25%
Chennai-20% -save
F5- Payment:-
Step->Press the Space bar->Select the advertisement->enter
BY-ALT+C
Advertisement A/c-30000
Under-Indirect expanse
Cost Category are applicable-yes
TO-ALT+C
SBI Bank A/c

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Under-Bank A/C
Cheque->500126->Save->page up.
 REPORT:-
Choose the G.O.T->Display->Statement of account ->Cost
category /Cost centre.
 GODOWN :-
It is a storage of some item and meals, that is called the
Godown.
Ex:-Rice, Computer, pulses, etc….
Step->press F11->F2->Maintain multiple godown-yes
Maintain stock category-yes- save.
 Create the Godown:-
Step->choose the G.O.T->inventory info->Godown->Create
Name Address
Patna Boring Road
Arrah Katira
 Note:-
 Create the stock group:-
Step->Choose the G.O.T->Inventory info ->Stock group
->create
1.Soap
2.perfume
3.Book
4.Computer
 Create the stock Category:-

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Step->Choose the G.O.T->Inventory info ->Stock Category-

>create
1.Bar
2.Liquid
3.Body spray(B.S)
4. Deodorant(deo)
 Create the unit of measurement:-
Step-> Choose the G.O.T->Inventory info->unit of
measurement ->create
1. Name- pcs
No. of decimal-2 >save
2. Name- Bottle
No. of decimal-2> save
 Create the stock item :-
Step->choose the G.O.T ->Inventory info->stock item
->create
Item Under Category Unit Qty Ara Patna Rate Amount
1.Lux shop Bar pcs 550 400 150 18 9900
2.premius shop Bar pcs 325 200 125 22 7150
3.Dettol shop liq bott 754 454 300 50 37700
4.Ami shop liq bott 750 400 350 30 22500
5.Nivia perfume b.s pcs 250 125 125 125 31250
5.Denim perfume deo pcs 300 225 75 55 16500

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 Report :-
1.Step-> Choose the G.O.T->Stock summery->enter
2.Step->Choose the G.O.T->Display->Inventory books-
>enter
 Order, Challen & Bill :-
Purchas Order-ALT+F4
Receipt Note- ALT+F9
Purchase Bill- F9
Sales order- ALT+F5
Delivery Note- ALT+F8
Sales Bill- F8

Step->press F11->F2->Allow zero values entries-yes

Allow purchase order-yes
Use debit note –yes
Use credit note-yes
Use tracking number-yes
Use rejection inward-yes
Use rejection outward-yes-save
 Some questions :-
1. Company place a purchase order 1/4/2019
Order no.-ord/M/19-20/552 to mr. mukesh the following
item which can be at Ara Godown.
Lux-100 pcs @ 50
Premium 200 pcs @ 150

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Step->Choose the G.O.T->Accounting Voucher ->purchase

order (ALT+F4)
Party Name-ALT+C
Mr.Mukesh
Under-Sundry creditor
Order no –Ord/M/19-20/552
Purchase ledger- ALT+C
Purchase A/c
Under-Purchase A/c
Name of Item:-
Godown Item Qty Rate Amount
Ara Lux 100
Ara Premium 200 --- -----> Save

2. Company received the Receipt note-ch/M/49-20/553

to Mr. Mukesh against the order NO.
Step->Choose the G.O.T->Accounting Voucher ->Receipt
Notes (ALT+F9)
Ref- ch/M/19-20/553
Party Name- Mr.Mukesh
Ord/M/19-20/552> End of list
Name of Item:-
Godown Item Qty Rate Amount
Ara Lux 100
Ara Premium 200 --- -----> Save

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 Accounting Notes:- (MUKESH SIR)

3. Received the purchase bill-pur/M/19-20/554 to Mr.

Mukesh against the challen No.
Step->Choose the G.O.T->Accounting Voucher ->Purchase
bill (F9)
Ref- Pur/M/19-20/554
Party Name- Mr.Mukesh
ch/M/19-20/553> End of list
Name of Item:-
Godown Item Qty Rate Amount
Ara Lux 100 50
Ara Premium 200 150 -----> Save
4. Paid the Rs5000 to Mr. Mukesh as date on 25/04/2019.
Step->Choose the G.O.T->Accounting Voucher ->Payment
(F5)
BY-MR.MUkesh-5000
To- Cash A/c
 VAT(Value added tax) :-
The term of value addition implies the increase in value of
goods and service at each stage of production or transfer
of goods and services. Vat is a tax on the final consumption
of goods or service and is ultimately borne by the
consumer.
Registered dealer-4%
Unregistered dealer-12.5%
Step->press F11->F3->enable Value added tax-yes
Set/Alter Vat details –yes-save
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 Accounting Notes:- (MUKESH SIR)

Step->Choose the G.O.T->Accounting info->Leader ->Create

1. Name-Purchase @ 4%
Under- Purchase A/c
Set/Alter Vat details –yes
Vat-Purchase Taxable
Percentage-4%->1-04-2019>save
2. Name-Purchase @ 12.5%
Under- Purchase A/c
Set/Alter Vat details –yes
Vat-Purchase Taxable
Percentage-12.5%->1-04-2019>save
3. Name-sales @ 4%
Under- sales A/c
Set/Alter Vat details –yes
Vat-sales Taxable
Percentage-4%->1-04-2019>save
4. Name-sales @ 12.5%
Under- sales A/c
Set/Alter Vat details –yes

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 Accounting Notes:- (MUKESH SIR)

Vat-sales Taxable
Percentage-12.5%->1-04-2019>save
5. Name-Input Vat @ 4%
Under- duty and taxes
Types of duty-VAT
Percentage of calculation-4%save
6. Name-Input Vat @ 12.5%
Under- duty and taxes
Types of duty-VAT
Percentage of calculation-12.5%save
7. Name-Output Vat @ 4%
Under- duty and taxes
Types of duty-VAT
Percentage of calculation-4%save
8. Name-Output Vat @ 12.5%
Under- duty and taxes
Types of duty-VAT
Percentage of calculation-12.5%save
 Some questions :-

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 Accounting Notes:- (MUKESH SIR)

1. Company purchase the following item with 4% VAT from

Mahima Enterprises Ara godown on date as 15-04-2019
purchase –pur/M/19-20/777
50 pic ponds cream @80
30 pic lotus cream @ 50.
Step->Choose the G.O.T->Accounting voucher->Purchase
bill(F9)
Ref-Pur/M/18-19/777
Party name- ALT+C
Mahima Enterprises
Under-Sundry cr.
Purchase Leader- Purchase @ 4%
Name of Item:-
Godown Item Qty Rate Amount
Ara ponds 50 80
Ara lotus 30 50 <-<-( 2 bar)
Input vat @ 4% >save

2. Company purchase the following item with 12.5% VAT

from Sital Storage Patna godown on date as 16-04-2019
purchase –pur/S/19-20/778
100 pic ponds cream @180
75 pic lotus cream @ 100.
Step->Choose the G.O.T->Accounting voucher->Purchase
bill(F9)
Ref-Pur/S/18-19/778

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 Accounting Notes:- (MUKESH SIR)

Party name- ALT+C

Sital Storage
Under-Sundry cr.
Purchase Leader- Purchase @ 12.5%
Name of Item:-
Godown Item Qty Rate Amount
Ara ponds 100 180
Ara lotus 75 100 <-<-( 2 bar)
Input vat @ 12.5% >save

3. Company sold 10 pic ponds cream @ 50 and 15 pic lotus

cream @ 35 from Mumbai storage with 4% VAT at Ara
godown
Sales Bill-Sal/M/19-20/779
Step->Choose the G.O.T->Accounting voucher->sales
bill(F8)
Ref-sal/M/18-19/779
Party name- ALT+C
Mumbai storage
Under-Sundry dr.
sales Leader- Purchase @ 4%
Name of Item:-
Godown Item Qty Rate Amount
Ara ponds 10 50
Ara lotus 15 35 <-<-( 2 bar)
Output vat @ 4% >save

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 Accounting Notes:- (MUKESH SIR)

4. Company sold 100 pic lux @ 50 and 200 pic dettol @

150 from X-limited with 12.5% VAT at Ara godown
Sales Bill-Sal/x/19-20/780
Step->Choose the G.O.T->Accounting voucher->sales
bill(F8)
Ref-sal/X/18-19/780
Party name- ALT+C
X-limited
Under-Sundry dr.
sales Leader- Purchase @ 12.5%
Name of Item:-
Godown Item Qty Rate Amount
Ara lux 100 50
Ara Dettol 200 150 <-<-( 2 bar)
Output vat @ 12.5% >save

5. Company purchase two computer for the maintain the

a/c the total cost of Rs7000 and 4% VAT from AK
computer.
Purchase bill-pur/AK/19-20/781
Step->Choose the G.O.T->Accounting voucher->Purchase
bill(F9)
Ref-Pur/AK/18-19/781
Party name- ALT+C
AK computer

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 Accounting Notes:- (MUKESH SIR)

Under-Sundry cr.
Purchase Leader- Purchase @ 4%
Name of Item:-
Godown Item Qty Rate Amount
Ara computer 2 3500 <-<-( 2 bar)
Input vat @ 4% >save
6. Company purchase 5 Machinery the total cost of
Rs1,50,000 and 12.5% VAT from TATA Moters.
Purchase bill-pur/T/19-20/782
Step->Choose the G.O.T->Accounting voucher->Purchase
bill(F9)
Ref-Pur/T/18-19/782
Party name- ALT+C
TATA Moters
Under-Sundry cr.
Purchase Leader- Purchase @ 12.5%
Name of Item:-
Godown Item Qty Rate Amount
Ara Machinery 5 30000 <-<-( 2 bar)
Input vat @ 12.5% >save
7. Company sold 50 pic ponds cream @ 80 and 50 pic lotus
cream @ 180 from Rakesh & Brothers with 4% VAT at Ara
godown
Sales Bill-Sal/R/19-20/783

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 Accounting Notes:- (MUKESH SIR)

Step->Choose the G.O.T->Accounting voucher->sales

bill(F8)
Ref-sal/R/18-19/783
Party name- ALT+C
Rakesh & Brothers
Under-Sundry dr.
sales Leader- Purchase @ 4%
Name of Item:-
Godown Item Qty Rate Amount
Ara ponds 50 80
Ara lotus 50 180 <-<-( 2 bar)
Output vat @ 4% >save
8.*.Company purchase 30 pic ponds cream @ 35 and 30 pic
lotus cream @ 75
Purchase bill-pur/M/19-20/784
With 4% VAT and packing charge Rs200 each two items from
mahima Enterprises at patna godown.
Step->Choose the G.O.T->Accounting voucher->Purchase
bill(F9)
Ref-Pur/M/18-19/784
Party name- ALT+C
Mathur Enterprises
Under-Sundry cr.
Purchase Leader- Purchase @ 4%
Name of Item:-
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 Accounting Notes:- (MUKESH SIR)

Godown Item Qty Rate Amount

patna ponds 30 75
patna lotus 30 75 <-<-( 2 bar)
Input vat @ 4% >save
ALT+C
Packing charge - Rs200
Under-Indirect expanse
9.*.Company purchase 50 pic ponds cream @ 35 and 50 pic
lotus cream @ 75
Purchase bill-pur/M/19-20/785
With 12.5% VAT and packing charge Rs100 each two items
from mahima Enterprises at patna godown.
Step->Choose the G.O.T->Accounting voucher->Purchase
bill(F9)
Ref-Pur/M/18-19/785
Party name- ALT+C
Mathur Enterprises
Under-Sundry cr.
Purchase Leader- Purchase @ 4%
Name of Item:-
Godown Item Qty Rate Amount
patna ponds 50 35
patna lotus 50 75 <-<-( 2 bar)
Input vat @ 12.5% >save
Packing charge - Rs100
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 Accounting Notes:- (MUKESH SIR)

10.*.Company purchase 50 pic ponds cream @ 30 and 50 pic

lotus cream @ 75
Purchase bill-pur/S/19-20/786
With 12.5% VAT and packing charge Rs100 each two items
from Sital storage at patna godown.
Step->Choose the G.O.T->Accounting voucher->Purchase
bill(F9)
Ref-Pur/S/18-19/786
Party name- ALT+C
Sital storage
Under-Sundry cr.
Purchase Leader- Purchase @12.5%
Name of Item:-
Godown Item Qty Rate Amount
patna ponds 50 30
patna lotus 50 75 <-<-( 2 bar)
Input vat @ 12.5% >save
Packing charge - Rs100
 Price List :-
Step->press F11->F2-> Use separate column for discount-yes
Use multiple price level-yes->
Wholesaler
Retailer->save
 Create the Pricelist:-
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 Accounting Notes:- (MUKESH SIR)

Step-> Choose the G.O.T->inventory info->pricelist->create

->All item->Wholesaler
Product Qty Rate Discount
Ponds 10 45 2.5%
25 45 3.5%
50 45 4.5%
50 45 6%
Lotus 15 90 3%
25 90 4%
50 90 5%
50 90 6% >save
Q.1
Step->Choose the G.O.T->Accounting voucher->sales
bill(F8)
Ref-sal/R/18-19/801
Party name- ALT+C Types of dealer:-wholesaler
Mr.Rakesh
Under-Sundry dr.
sales Leader- Purchase @ 4%
Name of Item:-
Godown Item Qty Rate dis Amount
Ara ponds 10

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 Accounting Notes:- (MUKESH SIR)

Ara lotus 20 <-<-( 2 bar)

Output vat @ 4% >save
Q.2
Step->Choose the G.O.T->Accounting voucher->sales
bill(F8)
Ref-sal/S/18-19/801
Party name- ALT+C Types of dealer:-wholesaler
Mr.Subash Singh
Under-Sundry dr.
sales Leader- Purchase @ 12.5%
Name of Item:-
Godown Item Qty Rate dis Amount
Ara ponds 60
Ara lotus 70 <-<-( 2 bar)
Output vat @ 12.5% >save
 Including Bill:-
Step->Press F11->F1->Use reversing journal and optional
voucher->yes
 Create the including bill:-
1.Step->choose the G.O.T->Account info->Voucher type
->create
Name- Including bill
Select type of voucher- sales
Name of class-Including bill
Sales @ 4%-100%-yes
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 Accounting Notes:- (MUKESH SIR)

Packing charge-1%-on total sales –all balance

Name- Excluding bill

Sales @ 4%-100%-yes
Packing charge-1%-on total sales –all balance
Delivery charge-1%-on total sales –all balance
Output vat @ 4%-on total sales-all balance->enter

Step->choose the G.O.T->Accounting Voucher->enter

F8- Including bill
Ref-sal/R/18-19/801
Party name- ALT+C
Mr.Rakesh
Under-Sundry dr.
//sales Leader- Purchase @ 4%
Name of Item:-
Godown Item Qty Rate Amount
Ara Lux 2 50
Ara Dove 4 100 <-<-( 2 bar)
Packing charge 1%
Delivery charge 1%
Output vat @ 4% >save

 Interest Calculation:-
Interest calculation is work on original software it’s not
work on trial version.

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 Accounting Notes:- (MUKESH SIR)

Step->Press F11->F1->Active Interest calculation-yes

Use advanced parameter-yes->save
 Create the Interest Calculation:-
Step->choose the G.O.T->Accounting info->voucher type
->create
Name- Interest Calculation
Types of Voucher- Debit note
Name of class-Simple Interest-yes
Compound interest-yes->save
Q.1
F7-Journal
ALT+C
Loan A/c-10000
Under-Current liabilities
Active Interest Calculation- yes
3%- Calendar of month –all balance
1-4-2018 to 31-3-2019->save

ALT+C
Rani Mukharji Finance co.
Under- Sundry Cr.

43 | P a g e
 Accounting Notes:- (MUKESH SIR)

Active Interest Calculation- yes

3%- Calendar of month –all balance
1-4-2018 to 31-3-2019->save
 Pass the entries:-
Step->Choose the G.O.T->Accounting Voucher->CTRL+F9
(Interest calculation/Simple interest)
Change the date-F2 5-4-2018
By-Loan A/c
To-Rani Mukharji A/c
 Manufacturing journal :-
Step-> Press F11->F1->Use reverse & optional voucher-yes
Step->Choose the G.O.T->Inventory info->stock item
->create
1. Name –Face cream
Unit-ALT+C
ml
No. of decimal -2->save
2. Name –Glycerin
Unit-ml->save
3. Name –Tocophery
Unit-ml->save
4. Name –Parafin
Unit-ml->save
5. Name –Rose water

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 Accounting Notes:- (MUKESH SIR)

Unit-ml->save
6. Name –Essence
Unit-ml->save
Q.1 F9 purchase Bill
Ref-Pur/I & S/18-19/778
Party name- ALT+C
Indian stationary
Under-Sundry cr.
Purchase Leader- Purchase @ 4%
Name of Item:-
Godown Item Qty Rate Amount
Ara Glycerin 750 100
Ara parafin 750 150
Ara Tocophery 500 175
Ara Rose water 500 100
Ara Essence 100 225 <-<-( 2 bar)

Input vat @ 4% >save

 Create the manufacturing Journal:-
Step->Choose the G.O.T->Accounting info->Voucher type
->create
Name-Manufacturing Journal
Types of Voucher-Stock Journal
Use Manufacturing- Journal-yes->save
 Step->Choose the G.O.T->Accounting voucher->ALT+F7
(Manufacturing Journal)
45 | P a g e
 Accounting Notes:- (MUKESH SIR)

Item- Face cream Godown- Ara QTY-500

Item Amount Additional Exp.

Glycerin 100 ALT+C
parafin 100 Labour charge-2%
Tocophery 100 Under-Indirect exp.
Rose water 100 ALT+C
Essence 100 Elctric charge-1%
500 Under-indirect exp.
Packing charge 50->save

 Service Tax :-
Step->Press F11->F3->Enable service tax-yes
Set/Alter service tax detail-yes->save
 Some Question :-
1.Mr. Ravi Shankar takes admission with RS7000 for his
course fee & Service tax @ 10.5% on amount date as on
1/2/2018.
Ref-Pur/R/18-19/778
Party name- ALT+C
Mr. Ravi Shankar
Under-Sundry cr.
Is service tax applicable-yes
Purchase Leader- Purchase A/c

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 Accounting Notes:- (MUKESH SIR)

Is service tax applicable-yes->

Commercial training & Coaching centre
(ALT+I)->Change the Mode
Particular :-
ALT+C
Course fee-7000
Under-Indirect exp.
Is service tax applicable-yes->
Commercial training & Coaching centre

ALT+C
Input service Tax
Under-Duty & taxes.
Types of duty-service tax
Service tax classes-Commercial training & Coaching centre
->save
2. Company received the amount from Mr. Ravi Shankar as
date on 1/2/2018.
F6-Receipt :-
To- Mr. Ravi Shankar
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 Accounting Notes:- (MUKESH SIR)

BY- Cash A/c

3. Company purchase the Telephone bill RS6500 from
Airtel & service tax 10.5% as date on 12/02/2019.
Ref-Pur/A/18-19/778
Party name- ALT+C
Airtel
Under-Sundry cr.
Is service tax applicable-yes
Purchase Leader- Purchase A/c
Under- purchase A/c
Is service tax applicable-yes->Telephone service
(ALT+I)->Change the Mode
Particular :-
ALT+C
Telephone bill-6500
Under-Indirect exp.
Is service tax applicable-yes->Telephone sevice

ALT+C
Input service Tax
Under-Duty & taxes.
48 | P a g e
 Accounting Notes:- (MUKESH SIR)

Types of duty-service tax

Service tax classes- Telephone service ->save
4. Company paid the Telephone bill in Cash 14/02/2018.
F5-Payment :-
BY- Telephone Bill
To- Cash A/c
 Payroll(Payment):-
Step->press F11->F1->maintain Payroll ->yes->save
 Create the Unit work:-
Choose the G.O.T ->Payroll info->Unit work->create
1.Hour
No. of decimal-2->save
2.Minute
No. of decimal-2->save
 Create the attendance type :-
Choose the G.O.T ->Payroll info->Attendance type->create
1. Seek(Leave without pay)
2. Absent(Leave without pay)
3. Overtime(Leave without pay)
 Create the pay head :-
Choose the G.O.T ->Payroll info->Pay head->create
1. Basic (On computed value)
2. DA (On computed value)
3. TA (On computed value)
4. HRA (On computed value)
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 Accounting Notes:- (MUKESH SIR)

 Create the employee group :-

Choose the G.O.T ->Payroll info->employee group->create
1. Accountant
2. Audit
 Create the employee :-
Choose the G.O.T ->Payroll info->employee->create
1. Mr Amar- Accountant
2. Mr Vinod- Audit
 Some questions :-
1. Mr Amar Basic salary RS6000 DA 10% TA 15% and HRA
5%.
Step-> Choose the G.O.T->Payroll->Voucher->enter
TO- SBI Bank
BY-Employee-Mr Amar
Basic- 6000
DA- ALT+C-600->6000*10%=600
TA- ALT+C-900
HRA- ALT+C-300

2. MR Vinod Basic salary RS8000 DA 15% TA 10% HRA 7%.

Step-> Choose the G.O.T->Payroll->Voucher->enter
TO- Cash a/c
BY-Employee-Mr Vinod
Basic- 8000
DA- ALT+C-1200->6000*10%=600
TA- ALT+C-800

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 Accounting Notes:- (MUKESH SIR)

HRA- ALT+C-560

 GST(Goods and Service Tax) :-

GST is a tax payment of all over India. Central and State
tax. It midgets double taxations and make India product
more comparative.
Types of GST

1.SGST 2.CGST 3.IGST

(State GST) (Central GST) (Integrated GST)
 Note:-
GST Percentage:- 0%, 5%, 12%, 18%, 28%.
1.0%->Vegetables, Grains, Milk, Newspaper.
2.5%->Tea, Coffee, Sugar, Coal, L.P.G, Medicine.
3.12%->Butter, Juice, Candles, Leathers, Bycycles.
4.18%->Toothpaste, Ice-cream, Jam, Mobile bill, Tractor
parts.
5.28%->Refrigerator, AC, Fax machine, Beauty ads.
 Some Questions :-
1.Company purchase 100 pic computer as the rate of
15000 purchase bill- pur/s/19-20/101 to Mr.Sohan with
CG.S.T 12% as date on 1/04/2019.
Step->Press F11->F3->Enable GST Tax-yes
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 Accounting Notes:- (MUKESH SIR)

Set/Alter GST –yes->save

GST Details:-
State-Bihar
Registration type-Regular
GSTIN/UIN----------------------- ->save
Step-> Choose the G.O.T->Accounting Voucher->Purchase bill
Ref No.- pur/s/19-20/101
Party Name- ALT+C
Mr.Sohan
Under-Sundry cr.
Purchase leader- Purchase A/c
Under-Purchase A/c
Is GST applicable-Applicable
Set/Alter GST details-Yes
Nature of transaction- Purchase taxable
Integrated tax-12%
Types of supply-goods
Name of item
ALT+C

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 Accounting Notes:- (MUKESH SIR)

Computer
Unit-pic
GST applicable-Applicable
Set/Alter GST details-yes
Calculation type-On value
Taxability-taxable
Integrated Tax-12%
Types of supply-Goods
Godown Item Qty Rate Amount
Ara Computer 100pic 15000
ALT+C
CGST
Under-Duty & Taxes
Types of duty-GST
Tax type-Central Tax
2. Company purchase 100 pic computer as the rate of
12000 and 200 pic CCTV @ 10000 purchase bill- pur/A/19-
20/102 to A.K Computer with CG.S.T 5% as date on
1/04/2019.
Step-> Choose the G.O.T->Accounting Voucher->Purchase bill

53 | P a g e
 Accounting Notes:- (MUKESH SIR)

Ref No.- pur/A/19-20/102

Party Name- ALT+C
A.K Computer
Under-Sundry cr.
Purchase leader- Purchase A/c
Under-Purchase A/c
Is GST applicable-Applicable
Set/Alter GST details-Yes
Nature of transaction- Purchase taxable
Integrated tax-5%
Types of supply-goods
Name of item
ALT+C
Computer
Unit-pic
GST applicable-Applicable
Set/Alter GST details-yes
Calculation type-On value
Taxability-taxable

54 | P a g e
 Accounting Notes:- (MUKESH SIR)

Integrated Tax-5%
Types of supply-Goods
ALT+C
CC TV
Unit-pic
GST applicable-Applicable
Set/Alter GST details-yes
Calculation type-On value
Taxability-taxable
Integrated Tax-5%
Types of supply-Goods
Godown Item Qty Rate Amount
Ara Computer 100pic 22000
Ara CCTV 200pic 10000
ALT+C
CGST
Under-Duty & Taxes
Types of duty-GST
Tax type-Central Tax

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 Accounting Notes:- (MUKESH SIR)

3. Company sell 100 pic freeze as the rate of 18000 and 50

pic LED TV @ 18000 From Aditya Vision Sales bill-Sal/A/18-
19/103 with SG.S.T 18%.
Step-> Choose the G.O.T->Accounting Voucher->sales bill
Ref No.- sal/A/19-20/103
Party Name- ALT+C
Aditya Vision
Under-Sundry dr.
Sales leader- Sales A/c
Under-Sales A/c
Is GST applicable-Applicable
Set/Alter GST details-Yes
Nature of transaction- sales taxable
Integrated tax-18%
Types of supply-goods
Name of item
ALT+C
Freeze
Unit-pic

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 Accounting Notes:- (MUKESH SIR)

GST applicable-Applicable
Set/Alter GST details-yes
Calculation type-On value
Taxability-taxable
Integrated Tax-18%
Types of supply-Goods
ALT+C
LED TV
Unit-pic
GST applicable-Applicable
Set/Alter GST details-yes
Calculation type-On value
Taxability-taxable
Integrated Tax-18%
Types of supply-Goods
Godown Item Qty Rate Amount
Ara Freeze 100pic 18000
Ara LEDTV 50pic 18000
ALT+C

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 Accounting Notes:- (MUKESH SIR)

SGST
Under-Duty & Taxes
Types of duty-GST
Tax type-State Tax
4. Company purchase 10 pic Smart watch as the rate of
25000 and 20 pic I-phone @ 40000 purchase bill- pur/S/19-
20/104 to Shashi Inter prises with IG.S.T 28% as date on
1/04/2019.
Step-> Choose the G.O.T->Accounting Voucher->Purchase bill
Ref No.- pur/S/19-20/104
Party Name- ALT+C
Shashi Interprises
Under-Sundry cr.
Purchase leader- Purchase A/c
Under-Purchase A/c
Is GST applicable-Applicable
Set/Alter GST details-Yes
Nature of transaction- Purchase taxable
Integrated tax-28%
Types of supply-goods

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 Accounting Notes:- (MUKESH SIR)

Name of item
ALT+C
Smart Watch
Unit-pic
GST applicable-Applicable
Set/Alter GST details-yes
Calculation type-On value
Taxability-taxable
Integrated Tax-28%
Types of supply-Goods
ALT+C
I-phone
Unit-pic
GST applicable-Applicable
Set/Alter GST details-yes
Calculation type-On value
Taxability-taxable
Integrated Tax-28%
Types of supply-Goods

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 Accounting Notes:- (MUKESH SIR)

Godown Item Qty Rate Amount

Ara Smart watch 10pic 25000
Ara I-Phone 20pic 40000
ALT+C
IGST
Under-Duty & Taxes
Types of duty-GST
Tax type-Integrated Tax
5. Company purchase 100 pic Coolar TV @ of 5000 and 200
pic AC @ 220000 purchase bill- pur/A/19-20/105 to Adiya
Vision with CG.S.T 12% as date on 1/04/2019.
Step-> Choose the G.O.T->Accounting Voucher->Purchase bill
Ref No.- pur/A/19-20/105
Party Name- ALT+C
Aditya Vision
Under-Sundry cr.
Purchase leader- Purchase A/c
Under-Purchase A/c
Is GST applicable-Applicable
Set/Alter GST details-Yes
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 Accounting Notes:- (MUKESH SIR)

Nature of transaction- Purchase taxable

Integrated tax-12%
Types of supply-goods
Name of item
ALT+C
Coolar
Unit-pic
GST applicable-Applicable
Set/Alter GST details-yes
Calculation type-On value
Taxability-taxable
Integrated Tax-12%
Types of supply-Goods
ALT+C
AC
Unit-pic
GST applicable-Applicable
Set/Alter GST details-yes
Calculation type-On value

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 Accounting Notes:- (MUKESH SIR)

Taxability-taxable
Integrated Tax-12%
Types of supply-Goods
Godown Item Qty Rate Amount
Ara Coolar 100pic 5000
Ara AC 200pic 220000
ALT+C
CGST
Under-Duty & Taxes
Types of duty-GST
Tax type-Central Tax
6. Company sell 100 pic LED TV @ of 18000 and 50 pic Tata
sky @ 2000 From LG shops Sales bill-Sal/L/18-19/106
with SG.S.T 18%.
Step-> Choose the G.O.T->Accounting Voucher->sales bill
Ref No.- sal/L/19-20/106
Party Name- ALT+C
LG Shop
Under-Sundry dr.

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Sales leader- Sales A/c

Under-Sales A/c
Is GST applicable-Applicable
Set/Alter GST details-Yes
Nature of transaction- sales taxable
Integrated tax-18%
Types of supply-goods
Name of item
ALT+C
LED TV
Unit-pic
GST applicable-Applicable
Set/Alter GST details-yes
Calculation type-On value
Taxability-taxable
Integrated Tax-18%
Types of supply-Goods
ALT+C
TATA SKY

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Unit-pic
GST applicable-Applicable
Set/Alter GST details-yes
Calculation type-On value
Taxability-taxable
Integrated Tax-18%
Types of supply-Goods
Godown Item Qty Rate Amount
Ara LED TV 100pic 18000
Ara TATA SKY 50pic 2000
ALT+C
SGST
Under-Duty & Taxes
Types of duty-GST
Tax type-State Tax

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