Hey guys, welcome to another lecture
We will move things forward
The twelfth point is presented on your computer screen
Commission received in cash Rs.1500
For the first time, we are going to do the entry of income
separate from the sale
This is income, commission has been received, that too cash
Rs.1500
So if the money is being received, then there is no need to
say that the entry will be in the received voucher
Yes sir, we have understood completely, there is no need to
say
Come on, let's finish this quickly
Now the process ahead is going to be a little fast, friends
These remaining points will be a little faster
Because there are repeated things
Capital, interest on capital drawing, interest on drawing
Buying goods, cash loan, selling goods, cash loan
After that, indirect expenses, all these entries
Putting opening balances, matching the difference of the
balance sheet
We have done all those things
Now the work ahead is going to be a little easy
Okay sir, come to teleprime quickly, without any delay
I will also flash the tele on your computer screen
This is fine sir
Instead of sound, just hum the sound, it sounds better
I said okay thank you, I will take care from now on
Okay, let me tell you one more thing, which I am also seeing
See what will happen, as you saw in the last class
Then you closed teleprime
Then after that you will be starting again today
So many times it happens
Company 2 is open with us
As you can see, capital investment entry
This company is looking open
Yes sir
So friends, how can we change and open our other main
company
I will show you
You have to press F3 with Alt
F3 with Alt
Write in the last register
To open a company
Alt plus F3
Now this list has come in front of you
Here it is
And now we open our company
On which we were working
ABC traders
Okay sir, let's open ABC traders
Now you have to go inside this
V for vouchers
Now go to vouchers
And select Received Voucher F6 quickly
As you know
What will be the credit
Credit will be the reason for receiving money
The reason that we are receiving the amount
The reason is commission
So we will create C with Alt
And C-O-M-M-I-S-I-O-N
We will create a commission account
And the most important thing is
What will it come under?
It will come under friends
Indirect income
The sale is our direct income
And whatever we are getting from it
It will go to our indirect income
Commission received
Dividend received
Interest received
Rent received
All these things will come in indirect income
Here not applicable
Not applicable
We will press A with control
We will put the amount of commission 1500 rupees is the
amount 1500 rupees
Enter Enter Debit will be
Cash account
Cash account will be debited
With the same amount 1500 rupees
Okay Write the narration below
Being Commission Received In Cash 1500 rupees
Being commission received in cash 1500 rupees
Press A with control
And its effect
What will happen on my balance sheet
I will take you to the notepad
As usual
Explain
Come to the notepad
1500 rupees
Commission is being received
Okay
This is my balance sheet
So what will happen with this
Asset side
My cash
Will increase by 1500 rupees
Absolutely right
And as I told you
Commission is our income
So income will increase our profit
So in the balance sheet
Liability side
Which is going to be profit plus
In capital
That profit will also increase by 1500 rupees
So both sides of my balance sheet
Will be equal
This effect will remain
Okay And of course
In our profit and loss account
Credit side
An income will be seen 1500 rupees
In the name of commission
So come
Let's check in teleprime
How is the situation
Or something is different
The possibility of being different
It is almost equal to no
But still we check
No problem
The process
Should be followed
Straightforward No nonsense
Is it clear
Yes So now come
B for balance sheet
Alt F1
You can find your cash balance
Which was 2,26,000
It has increased by 1500 rupees 2,27,500 And your profit
and loss 2,91,000 was coming
It has become 2,92,500
Friends Press SK
Press P for P&L
If you detail it
Then you can see
An indirect income
In P&L
Credit side
In the name of commission 1500 rupees
Is being reflected
Absolutely right
Sir Come on
Now start writing notes
Write down the notes
These are the notes of commission entry
Commission received in cash
These are the notes of this entry
No. 1
Go to vouchers
Step 1
Step 2
Select received voucher with F6
Point No.
Credit commission account
Under the heading of indirect income
Credit commission account
Under the heading of indirect income
Enter amount
Enter 1500 rupees
After that
Debit cash account
Because money is getting in cash
Debit cash account
After that
Tell you the last step
Write narration
And press
Ctrl Plus A
Write narration
And press
Ctrl Plus A
Okay sir
Sir, take us to the next point
I said
Okay
We will move to the next point
Come back to the notes
13th point will come
Now comes the 13th point
I am saying
Once you finish all these points
Problem is over
Your command will be on the telly
Which you will remember
Let's read 13 points
Sale of old newspapers 3500 rupees
And amount received in bank
Sale of old newspapers 3500 rupees
And amount received in bank
Riddhi newspaper
Date was outdated
You said
Riddhi brother was going out of the office
You said
Come here
Will you take it?
He said
Yes, our work is of this
Tell me how much
You had a lot of newspapers
And he gave a good rate
You are getting 3500 rupees
So tell me the first thing
Is this your income?
When you bought the newspaper
And newspaper brother
You must have paid every month
So will that expense be made or not?
Absolutely So now when you sell the same newspaper
When you get money
So that should also become income
We have the benefit
Money is coming 3500 rupees
Yes sir, no doubt
Your part is fine
But this is not direct income
This is also an indirect income
Direct income means
Which is the main work of your business
Selling goods
Sale of goods or sale of service
That goes to the trading account
Apart from that, I told
Any income
That will become your indirect income
And will come to the P&L account below
Like friends
I tell you
Now your main job is not to sell newspapers
Is this a regular job for you?
Do you earn money from here
By selling newspapers
No, that is the main job of the newspaper brother
Direct income for him
We had a scrap
We sold
So for us
This will become indirect income
Okay sir
Come on teleprime
Let's do its general entry
Escape After that
After that, you have to come to V for Voucher
Entry will be in Received Voucher
There will be credit
Reason for receiving money
That is
Sale of Old Newspaper Account
Sale of
Old Newspapers
Account Under Indirect Income
Of course
You are holding it right
Type of leisure etc
You know them now
Again and again
Continuously Not applicable
Have to do
Control How much is the amount?
Sir, not much
Not much 3500 Rupees
But if any article
If you are watching my video
Then you will say
Not much
Our whole hard work
Is the income of the whole month
Hmm Fine fine fine
Then I will not say this 3500 Rupees
It's a handsome amount
Debit will be done
This time the money is being received in the bank
That's why HDFC Bank Account
Will enter
Press A with Control
Bing Write Narration
Sir, this narration starts with Bing
See this
Tradition is getting less and less
It is old
That's why I am writing
But slowly you are publishing such books
And the use of Bing word
Is ending
Slowly Some people are still following
So there is no such problem
Do not do
There is no such problem
Bing Old Newspapers Sold Keep this much
Newspaper spelling
Wrong Bing Old Newspapers Sold Press A
What will be the effect of this on the balance sheet?
Let's go to the pad and see
Exactly the same effect is going to happen as it was
What will happen?
In my balance sheet, my bank balance of Rs.
3500 will increase on the asset side
Absolutely right
And this sale of old newspaper is my income
And if my income is increasing by Rs.
3500, then my profit will also increase
Therefore, the profit on the liability side which is going
to be plus in capital will also increase by Rs.
So, the effect of my balance sheet will be the same on both
sides
My balance sheet will remain tele
Let's check in teleprime whether this is happening or not
B for balance sheet
F1 with all
Your bank balance is now
Rs. 6,87,000 which is now Rs.
Enter This is the balance sheet of Rs.
P&L Rs.
2,95,000 which is now Rs.
2,96,000 which is now Rs.
2,95,000 which is now Rs.
2,96,000 which is now Rs.
Write the notes
Go to vouchers
Step 2
Select Received Voucher with F6
Step 3
Credit Sale of Old Newspapers Account
Credit Sale of Old Newspapers Account under the heading of
Indirect Incomes
Credit Sale of Old Newspapers Account under the heading of
Indirect Incomes
Enter Enter
debit of HDFC Bank debit of HDFC Bank debit of HDFC Bank
debit of HDFC Bank debit of HDFC Bank
exit bank what is the problem? last step write narration
and press ctrl plus a write narration and press ctrl plus a
ok sir now check pndel check pndel it was so much of
checking so check this also in indirect income you are
getting 3500 in the name of sale of old newspaper total
indirect income is 3500 very good sir move to next step
move to next step come on whatever is the point make it
fall don't let the point realize that you fought a war
attack it from behind and finish it cash deposited
bank 9000 rupees today there is going to be an inauguration
today there is going to be an inauguration can you read
this point and tell what is going to be inaugurated say say
time to inaugurate entries time to inaugurate entries
I said very good applause those who understood me big
applause for them see this friends what did I say to you
I said there are two types of entries which are called
contra entries and whose entry we have to do in F4 contra
voucher we have to do in F4 contra voucher which are those
two entries one entry is deposited in bank business cash
you have deposited in business bank account remember this
this should be business cash and this should be deposited
in business bank account then only this entry will become
contra entry otherwise in the beginning the owner had
deposited cash in business bank account
it was his personal cash he brought it from his house
that's why it became capital entry it was in received
voucher not in contra voucher and second type of entry is
from business bank account if you have withdrawn money in
cash means this money should be withdrawn from business
bank account and money should come to business from
business bank account if the owner took cash from business
bank account then it will become drawing then it will
become payment voucher if you have withdrawn money
business bank account and deposited it in business and
brought cash in business then it will become contra entry
we needed cash we had to pay cash in some places but online
payment was not working so we go to bank account withdraw
money from business bank account and deposit it in business
bank account when the other party comes from there we give
cash to them this is called withdrawing money from business
bank account keep this word in mind business bank account
and business cash will exchange
it will become contra entry and in contra voucher now let's
see will this entry become contra entry or not cash
deposited in bank it is not written whose cash is it
business cash or personal cash if it is not written then
you have to assume you have to assume this is business cash
which we are depositing in bank you have to keep this in
mind you have to assume this ok if it is personal then it
is written then it is written in capital name additional
capital invested in the business it is
like this let's go to teleprime let's deposit cash in bank
and today for the first time today for the first time we
have talked about contra so we will select which voucher
contra voucher whose shortcut is F4 very good and what will
be the debit what will be the credit so that there is no
confusion in your mind for this we have to come once again
once again see friends when business cash you deposit in
business bank account you deposit in so in such case cash
will go from you you will go
so what will I do will go and business bank balance will
increase money will come in business bank account
I will come back
I will come back ok so the rule will be credit what goes
out have you heard the rule credit what goes out so if cash
will go then we will credit cash and money will come in
bank so we will do debit ok sir means whenever cash will be
deposited in bank then bank account will be debit cash
account will be credit and in second case if you have
withdraw money from bank account and you have brought cash
in business so cash is coming cash is coming in business
and you must have heard a rule debit what
in whatever is coming whatever comes to us we debit it and
if payment is coming from bank then bank account will be
credit let's revise in second case if cash is deposited in
bank cash will be credit bank account will be debit if you
have withdrawn money from bank account and you have brought
cash in business then cash will be credit very good ok you
can't see bank account credit withdraw cash debit ok sir
now we have deposit entry so we will do credit cash and
debit bank account very good
come here credit cash cash is gone our eyes are wet we sang
a song what will i do 9000 rupees cash is gone 9000 rupees
and friends you can see current balance 227500 means if by
mistake you have no cash then teleprime will warn you there
is no cash how can you deposit in bank if you have
deposited whole cash in bank do you have money to deposit
no not possible it will give warning but it is not giving
warning because we are not doing any mistake we have a lot
of money we are depositing only
debit will be done
HDFC bank account 9000 control A narration being 9000 say
Swaha now with Swaha what will be the effect on my balance
sheet who will tell us pad will tell us pad come once more
Here is your balance sheet.
What will happen in the balance sheet?
The balance of cash will be reduced by 9000.
But the bank's balance will increase by 9000.
So what happened?
The asset side was reduced by 9000 and increased by 9000.
The asset side effect is zero.
And there will be no effect of liability side discount
entry.
Because cash and bank are both assets.
So both side effects will be zero.
And the balance sheet will remain as tele.
Let's see in tele prime.
Tele prime.
B for balance sheet. Alt F1.
See, the cash is reduced by 9000.
227500 was there.
Yes sir.
How much is left? 218500.
9000 is reduced.
But the bank's balance has increased.
How much was it? 6,90,500.
Now it is 6,99,500.
The bank's balance has increased by 9000.
Now let's move to the next point.
Point no. 15.
Cash withdrawn from bank.
The opposite entry is coming.
Cash withdrawn from bank.
It means that 4000 rupees have to be withdrawn from the
bank account of the business.
And that cash is coming in the business.
The drawing board is not written.
It means that the owner is not taking 4000 rupees to his
house.
It will be used in the business.
So, this entry will also be in the contra voucher.
Let's go to the notepad once.
Okay.
I will get both these notes written together.
I will get both 14 and 15 notes written together.
Let's go to the notepad once.
And let's see once again.
When we have this scenario.
That we are withdrawing.
So, how will we do it?
We will credit the bank account.
And we will debit the cash account.
Cash account debit to bank account.
This entry will be passed.
Okay.
Let's do this entry.
Let's see.
You have to take the same voucher.
Contra F4.
And this time credit will be HDFC bank.
This time credit will be HDFC bank.
The amount is 4000 rupees.
And the debit will be cash this time.
Very good.
Bank.
4000.
Withdrawn from bank.
For office use.
It is necessary to write office use.
This tells that the 4000 rupees that have been withdrawn
from the bank are coming to the office.
Office will be used for business only.
There is no drawing.
It is not being used for the domestic purpose of the owner.
Press A with CTRL.
Can you tell me what effect will this have on my balance
sheet?
Sir, the effect is very simple.
4000 rupees will be deducted from your bank account.
Because the money has been withdrawn from there.
And the cash balance will increase by 4000 rupees.
I told you that you have become very fast.
Now you don't even need a pad.
Absolutely right answer.
And in the balance sheet, I also prove your answer right.
Look at this.
This balance which was coming to 6,99,500 rupees of the
bank.
How much has it suddenly come?
It has suddenly come to 6,95,500.
4000 has been deducted.
And the cash balance which was coming to 2,18,500.
4000 has also increased in that.
Look here.
That has also become 2,22,500.
Okay sir.
Okay.
Now you write the notes of these two together.
First write the notes of point number 14.
Point number 14 was cash deposited in bank.
Write the notes of that.
Step number 1.
Go to vouchers.
Step 2.
Select contra voucher with F4.
After that, credit.
Was it credit?
I was asking about debit.
What do you ask?
Give me a sec.
Credit.
Yes.
Credit, cash, account.
After that, enter amount.
Enter amount.
After that, debit.
HDFC bank account.
Debit HDFC bank account.
At last, write narration and press CTRL plus A.
Write narration and press CTRL plus A.
Okay sir.
After this, write 15 points.
15 points.
Cash withdrawn from bank 4000.
Write 15 points.
Step number 1.
Go to vouchers.
Step number 2.
Select contra voucher with F4.
Step number 3.
Credit HDFC bank account.
This time HDFC bank rate.
Enter amount.
After that, debit, cash, account.
It is reversed.
Debit, cash, account.
After that, write narration and press CTRL plus A.
Write narration and press CTRL plus A.
Meanwhile, the effect on my balance sheet.
We are going to see it slowly.
Point number 16 is waiting.
Sir, point number 16 is presented.
Point number 16 is present.
One item.
One smart watch.
Taken to home by Rohit.
Along with 3000 cash.
Drawing entry has come.
Drawing in cash and drawing in kind.
It is time to practice.
One smart watch.
Rohit has taken it to his house.
Rohit.
Is the name of our owner Rohit or Deepak?
What name did we write?
The name of our owner was Deepak.
Deepak's capital account.
So friends, there is a little correction in the notes.
Make it Deepak.
Once.
If Rohit takes it, then who is Rohit?
Rohit has become a sale.
Remove Rohit word.
Will keep Deepak word.
Deepak.
He took a smart watch to his house.
To take home means.
He is wearing that smart watch in his wrist.
He is saying that this business is enough.
But I also need a smart watch for myself.
I also have a mind.
He is wearing that smart watch himself.
Business smart watch.
He took it in his use.
This is called drawing in goods.
Business goods.
Which was kept for sale in the business.
He brought it in personal use.
The owner started using it for himself.
Okay sir.
We will enter the drawing.
Come on.
Telling.
To enter the drawing.
You have to come there.
V for Voucher.
And now the drawing is happening in the form of goods.
So take F7 journal voucher.
F7 journal voucher.
And friends, you should know.
Whenever there will be a drawing.
Drawing account will always be debited.
Whether it is happening in cash.
Whether it is happening in kind.
Anything is drawn from the goods business.
Anything is drawn from the cash or bank balance business.
For home use.
Drawing account is always debited.
So we will select the drawing account.
We do not have a drawing account yet.
We will select it then.
So we will create the drawing account by Alt C.
Drawing account.
You are smart.
No need to say.
This will come under the heading of capital account.
Okay.
Drawing will be debited.
Drawing is minus from capital.
Yes sir.
So the owner's capital account is also under capital
account.
And drawing will also be your under capital account.
Drawing will be debited.
Capital account will be created.
That's why we minus the drawing.
Balance sheet from capital.
Press A with control.
Save this screen.
How much is the drawing?
How much is a smart watch?
No sir.
We bought in 4000.
We bought a smart watch in 4000.
Yes.
So take 4000 here.
What will be the credit after entering?
Biggest question.
Today's question is for 12,50,000 rupees.
On your computer screen.
What will be the credit?
Shall I tell you?
Goods are going.
There is a rule.
Credit what goes out.
That's why goods are credited.
But when we buy goods.
According to the debit word comes in.
We debit the goods account.
Or we debit the purchase account.
Sir. Purchase word is written for goods.
Yes.
So the purchase account will be credited.
Friends.
You bought the goods.
Purchase account is debited.
Absolutely right sir.
Always.
Whenever we buy goods.
Purchase account is debited.
So we debit the purchase account.
Now the same goods.
If it will go.
That goods will go.
Even if it is going to the owner's house.
If there was a sale.
Then the sale account is credited.
But the same goods are not being sold.
The owner is taking it to his house.
So the purchased goods are going to be less.
The purchased goods.
Debited in the purchase account.
That goods will be less now.
That's why we have to reverse the purchase account.
Means credit.
Okay sir.
Reverse.
Credit.
Purchase account.
And the purchase account is already created.
We have.
As soon as you select the purchase from the list.
You will press enter.
Such an interface will come.
What is being taken in the name of the item?
Smart watch.
How much?
One.
Rate 4000.
So 4000 will come in the amount.
Press a with control.
And write below.
Being one smart watch.
Taken for personal use by the owner.
By the owner.
Press a with control.
This entry will be saved
What will be the effect of this on my balance sheet?
What would be the effect of this on my balance sheet?
Writing pad will come to help
See this
This is the balance sheet
What is happening?
We took a 4000 watch home
So what will happen with capital?
We minus a drawing
So we have to minus this 4000 rupees from here
In the name of drawings
So what will happen?
This side will be minus 4000 rupees
But friends
The purchase account
Is a direct expense account
Purchase account goes in trading
And what expenses goes in trading?
All direct expenses
So purchase account is a direct expense account
When you buy and purchase
You debit your expenses
You debit it
But When we are crediting the purchase
It means we are reducing our purchase
When we record and debit the purchase
To credit means
To reduce the recorded purchase
It means
My direct expense will go down
And if any expense goes down
If any expense goes down
It means my profit will go up
My profit will go up
In the same way
The profit plus in capital
Will go above 4000
So the left side of my balance sheet
Will go below 4000
And will go above 4000
The effect will be zero here
And the effect will be zero here
In this way, my balance sheet will stay tall
This balance sheet will stay tall
Please note this very well
And if there is any doubt on this point
Please ask
This point is very expensive
The purchase will go down
The purchased goods will go down
That's why your expense will go down
You have made the expense a drawing
That's why the expense has gone down
So the profit has increased
And the drawing is capital minus
And the profit plus
So one effect will nullify and come to zero
Let's see in teleprime
If this is the effect or not
B for balance sheet
Alt F for
You can see friends
Drawing is getting minus from capital
So my left side is going below 4000
And see below
How much is your profit
Your profit is 2,96,000
You can enter and see
Alt F1
Your purchases are 2,36,000
These purchases were 2,40,000
In 2,40,000 was only in debit
But now 4000 is coming in credit
Because of which closing balance is 2,36,000
Because of which gpp and net profit
Increased by 4000
Write the steps
Go to vouchers
Select journal voucher
Debit drawing account
Enter amount
Credit Credit purchases account
Credit purchases account
Enter Relevant Stock Details
Write Narration and Press CTRL PLUS
Next Step 17.
Electricity Bill Paid by Bank Rs.
20,000 18.
Indirect Expense 19.
Factory Expenses 20.
Factory Electricity Expenses 20.
Factory Offices 20.
Factory Electricity Expenses 21.
Factory Electricity Expenses 23.
Indirect Expense 24.
F5 Payment Voucher 25.
Debit All Expenses 25.
Debit All Expenses 26.
Bank Electricity Bill Paid by HDFC Bank Account
Press A with CTRL
Write Steps
Balance Sheet Effect
Both Sides Minus Rs.
Balance Sheet Effect
Go to Vouchers
Select Payment Voucher with F5 debit electricity expenses
account under the heading of indirect expenses, debit
electricity expenses account under the heading of indirect
expenses, enter amount, credit HDFC bank account, write
narration and press CTRL plus A, rent paid by bank Rs.
10,000, same to same, rent paid by bank Rs.
10,000, same to same, enter amount, credit HDFC bank
account, write narration and press CTRL plus A, rent paid
by bank Rs.
10,000, same to same, enter amount, credit HDFC bank
account, write narration and press CTRL plus A, rent paid
by bank Rs.
10,000, same to same, enter amount, credit HDFC bank
account, write narration and press
CTRL plus A, rent paid by bank Rs.
10,000, same to same, enter amount, credit HDFC bank
account, write narration and press CTRL plus A, rent paid
by bank Rs.
10,000, same to same, enter amount, credit HDFC bank
account, write narration and press CTRL plus A, rent paid
by bank Rs.
10,000, same to same, enter amount, credit HDFC bank
account, write narration and press CTRL plus A, rent paid
by bank Rs.
10,000, same to same, enter amount, credit
HDFC bank account, write narration and press CTRL plus A,
rent paid by bank Rs.
10,000, same to same,
enter amount, credit HDFC bank account, write narration and
press CTRL plus A, rent paid
by bank Rs.
10,000, same to same, enter amount, credit HDFC bank
account, write narration and
press CTRL plus A, rent paid by bank Rs.
10,000, same to same, enter amount, credit HDFC bank
account, write narration and press CTRL plus A, rent paid
by bank Rs.
10,000, same to same,
enter amount, credit HDFC bank account, write narration and
press CTRL plus A, rent paid
by bank Rs.
10,000, same to same, enter amount, credit HDFC bank
account, write narration and press CTRL plus A, rent paid
by bank Rs.
10,000, same to same, enter amount, credit HDFC bank
account, write narration and press CTRL plus A, rent paid
by bank Rs.
10,000, same to same, enter amount, credit HDFC bank
account, write narration and press CTRL plus A, rent paid
by bank Rs.
same to same, enter amount, credit HDFC bank account, write
narration and press CTRL plus A, rent paid by bank Rs.
same to same, enter amount, credit HDFC bank account, write
narration and press CTRL plus A, rent paid by bank Rs.
same to same, enter amount, credit HDFC bank account, write
narration and press CTRL plus A, rent paid by bank Rs.
General expenses under the heading of indirect expense not
applicable.
Sir, when GST will be applicable then what will happen?
Now this question is coming in our mind.
When GST will be applicable then we will see.
We will also make you do GST that how GST is applied in the
purchase and sale bill.
How GST is applied in the purchase and sale bill?
How GST is applied in the expenses bill?
How GST is applied in the income?
Duties and taxes, its balance sheet payback.
We will see everything and go.
Who told you that you need to worry or think about it?
Not at all.
Press A with CTRL.
Debit.
How much is the amount?
Rs. 10,000.
10,000.
Enter.
Credit.
HBFC.
Bank.
Payment from bank is Rs. 10,000.
Enter.
CTRL A.
Bing.
General expenses paid through cheque.
Bing.
General expenses paid through cheque.
Press A with CTRL.
What should be the effect on its balance sheet?
You are smart.
Bank balance should be reduced.
Sir, yes.
Bank balance should be reduced.
Bank balance.
How much did you pay?
You paid Rs. 10,000.
Your bank balance was Rs. 6,61,500.
It has fallen by Rs. 10,000.
Now, it is Rs. 6,51,500.
It has fallen by Rs. 10,000.
It is credited as bank balance.
What will be the effect on the other side?
Profit has gone down by Rs. 10,000.
Profit of Rs. 2,52,000 has come to Rs. 242,000.
Enter and press ALT-F1.
In indirect expense, you can see a journal expense.
Sir, how is this list made?
First, there is advertisement.
Then, there is electricity.
Then, there is journal.
How is it made?
It is sorted by A, B, C, D.
A, B, C, D.
Just like a dictionary.
Expenses come before A.
Advertisement.
Then, there is no expense from B, C, D.
There is E.
Electricity expense.
Then, there is no expense from F.
There is G.
Then, there is no expense from H.
There is I.
Then, there is J, K, L, M, N, O, P, Q.
There is no expense from P, Q.
There is R.
Then, there is S.
These are sorted alphabetically.
Okay, sir.
So, these steps are very simple.
Go to vouchers.
Select payment voucher with F5.
Debit.
Journal expenses account under the heading of indirect
expenses.
Enter amount.
Credit.
HDFC bank account.
Write narration and press CTRL+.
Next point we have.
Travelling expenses, 15,000 paid by bank.
Pay as soon as possible.
Travelling expenses, 15,000 paid by bank.
Travelling expenses, 15,000.
Voucher payment, ALT-C.
Travelling expenses.
Indirect expenses.
Not applicable.
CTRL-A.
15,000.
Credit.
HDFC bank.
15,000.
CTRL-A.
Bank.
Travelling expenses.
Paid through bank.
Can you see?
It took 1 minute.
Leave 1 minute.
It took 10 to 12 seconds.
10 to 12 seconds.
This is called practice.
This is called hard work.
Press A with CTRL.
Escape and come to the balance sheet.
Press F1 with ALT.
See the effect.
Bank balance reduced by 15,000.
A while ago, it was 651,500.
Now it is 636,500.
Profit dropped from 242,000 to 15,000.
It is 2,27,000.
Enter profit.
Press ALT-F1.
Another expense is seen in indirect expenses.
Travelling expenses, 15,000.
Press ESC and come to Gateway of Tally.
Go to vouchers.
Select payment voucher with F5.
Debit travelling expenses under the heading of indirect
expenses.
Enter amount.
Credit.
HDFC bank account.
Write narration and press CTRL-A.
How fast it is working.
Yes.
It will be like this.
Hard work.
Your hard work.
After that, point number 24.
You have paid 5,000 for building repair from the bank.
Indirect expenses.
This is also an indirect expense.
This 5,000 repair is not related to goods.
Expenses related to goods are direct expenses.
Any expense other than goods is indirect.
So, building repair will also be your indirect expense.
So, come to Tally.
Select payment voucher.
Press ALT-C and create.
Building repairs under indirect expenses.
Not applicable.
Amount, 5,000.
Credit, HDFC bank account, 5,000.
Press CTRL-A.
Bing.
Building repair expenses paid through bank.
Paid.
Through.
Bank.
Sir, we know what we are doing.
Is it necessary to write narration?
We are entering ourselves.
You said that the use of narration is that we read below
and find out what our entry wants to say.
Sir, we are entering ourselves.
What will happen by writing narration?
Friends, many times a new accountant will come.
You will leave the job.
So, he will try to see your entries.
How have you done it?
So, narration will be helpful for him.
Many times, after entering, you have to make so many
adjustments.
You yourself forget what you had entered thinking.
So, your narration can also be useful for you.
So, narration should be written somewhere.
Okay, sir.
Hmm.
CTRL-A.
Escape.
Balance sheet, F1.
What will be the effect on the balance sheet?
The effect on the balance sheet is the same, sir.
Bank balance has become even less.
Hmm.
Has the bank balance become even less?
Hmm.
It has become less than 5,000.
Injection was 36,500.
It has become less.
631,500.
Profit is less than 227,000.
2,22,000.
Alt F1.
Another indirect expense has come here.
Building repair.
5,000.
Next point.
Drop point by point.
Next point.
Cleaning charges 3,000.
Paid in cash.
Sir, this can also be the cleaning of the factory.
If it was, we would have taken it directly.
But even if there was cleaning of the factory, we would not
have taken this direct expense.
Because it is not related to goods.
It is not related to goods.
If you include cleaning charges in goods, then the cost of
goods will become expensive.
The goods will be sold at a high price in the market.
Competition will be out.
Cleaning charges, wherever the factory office is, cleaning
charges will become an indirect expense.
Okay, sir.
So, let's go.
Cleaning charges 3,000.
Paid in cash.
Come to teleprime.
Voucher.
Payment.
Debit will be done by Alt C.
Cleaning charges ledger under indirect expense.
Not applicable.
Control A.
3,000.
This time the payment is in cash.
Cash account will be created.
Bing.
Cleaning charges.
Paid in cash.
Bing.
Cleaning charges.
Paid in cash.
We will press A with control.
After that, we will come to the balance sheet.
We will see the effect.
My cash fell below 3,000.
The 2,12,500 was 2,09,500.
And here, the profit of my 2,22,000 is also 2,19,000.
After entering, another indirect expense has come to us.
Here are the cleaning charges.
3,000.
So, friends, by working hard in this way, we have reached
the last point.
Point number 26.
Just last.
Water expenses 2000 paid by bank.
Teleprime.
Water expenses 2000 paid by bank.
Voucher.
Alt C.
Water expenses.
Indirect expense.
Not applicable.
Control A.
2,000.
HDFC bank.
2,000.
Control A.
Bing.
Water expenses paid through bank.
Paid through bank.
Control A.
We will press.
Escaping from the balance sheet.
Alt F1.
Control A.
We will press.
Escaping from the balance sheet.
Alt F1.
Your bank balance, which was coming, 631,500.
It is falling below 2,000.
629,500 is coming.
And the profit of 2,19,000 is falling below 2,000.
2,17,000 is coming.
Alt F1.
If you look in detail, you will find in the name of water
expenses, the expenditure of 2,000 has come.
So, friends, till now, everyone's profit should come.
2,17,000 rupees.
On your computer screen,
P&L account is flashing.
See, exactly the same
P&L account should be in front of you.
Sale 5,06,000.
Closing stock 67,000.
12,000 smart watch.
55,000 wrist watch.
Indirect income.
Commission 1,500.
Sale of old newspaper 35,000 rupees.
Opening stock.
Total 13,000.
Smart watch 8,000.
Wrist watch 5,000.
Purchases 2,36,000.
Direct expense 25,000.
Freight of 10,000.
Packing of 15,000.
Gross profit 2,99,000.
Indirect income is 5,000.
Commission is 1500.
Sale of old newspaper is 3,500.
After that, you will see indirect expenses.
Advertisement 5,000.
Building repair 5,000.
Cleaning charges 3,000.
Electricity expense 20,000.
General expense 10,000.
8,000 interest on loan.
After that, 10,000 rent.
Salary 4,000.
Telephone and newspaper 5,000.
Traveling expense 15,000.
Water expense 2,000.
Final net profit 2,17,000.
Total of both sides is 3,04,000.
In my balance sheet, total of both sides is 15,06,000
rupees.
There is no difference in opening balance.
In capital account, finally, 10,09,000.
In capital, 10,13,000.
Drawing minus 4,000.
Loans, liability.
In unsecured loans, 60,000.
Because we have not paid 3 installments yet.
Current liability is 2,20,000.
Profit is 2,17,000.
Profit and loss is written here.
How can you say profit?
If liability side is visible, then it is profit.
If loss is there, then asset side is visible.
Fixed asset is 1,50,000.
In which, building of 1,00,000 is of 50,000.
Current asset is 4,50,000.
Cash in hand is 2,09,500.
Bank account is 6,39,500.
Total is 13,56,000.
If anyone has any problem here, some things are not
matching, friends, then stop here and ask me first.
Whatever time you have been allowed, then only move forward.
If your entries are not matching till here, if you feel you
don't need to ask me, there is some mistake behind, then go
back, see the clips again and you will enjoy.
Then only things will be understood.
Otherwise, there are problems.
ok sir with this note thank you everyone bye bye see you
all in the next clip thank you