If you want to master accounting, understanding 100 journal entries in Tally with practical examples is one of the most powerful skills you can build. Journal entries are the first step of recording any financial transaction in accounting and form the base of all reports like Profit & Loss and Balance Sheet.
In Tally, these entries are passed using Journal Voucher (F7) mainly for non-cash and adjustment transactions like depreciation, outstanding expenses, and corrections.
This advanced guide gives you 100 real-world journal entries, structured in an easy-to-understand format for practice, exams, and practical implementation.
What are Journal Entries in Tally? (Concept + Practical Use)
A journal entry records business transactions using debit and credit rules. Every entry must balance:
- Total Debit = Total Credit
Golden Rules of Accounting (Important for All Entries)
| Account Type | Rule |
|---|---|
| Personal | Debit Receiver, Credit Giver |
| Real | Debit What Comes In, Credit What Goes Out |
| Nominal | Debit Expenses/Loss, Credit Income/Gain |
Types of Journal Entries You Must Know (Advanced Understanding)
Before jumping to 100 entries, understand these key types:
- Adjusting Entries (Depreciation, outstanding expenses)
- Compound Entries (Multiple accounts)
- Closing Entries
- Opening Entries
- Reversing Entries
100 Journal Entries in Tally with Practical Examples
Below are categorized entries for better learning.
1. Capital & Basic Transactions (1–10)
| Transaction | Journal Entry |
|---|---|
| Started business with cash ₹1,00,000 | Cash A/c Dr → To Capital A/c |
| Introduced bank balance | Bank A/c Dr → To Capital A/c |
| Withdraw cash for office use | Cash A/c Dr → To Bank A/c |
| Owner withdrew cash | Drawings A/c Dr → To Cash A/c |
| Loan taken from bank | Bank A/c Dr → To Loan A/c |
| Loan repayment | Loan A/c Dr → To Bank A/c |
| Interest on loan | Interest A/c Dr → To Bank A/c |
| Capital introduced in kind | Asset A/c Dr → To Capital A/c |
| Cash deposited into bank | Bank A/c Dr → To Cash A/c |
| Cash withdrawn for personal use | Drawings A/c Dr → To Cash A/c |
2. Purchase Transactions (11–25)
| Transaction | Journal Entry |
|---|---|
| Goods purchased in cash | Purchase A/c Dr → To Cash A/c |
| Goods purchased on credit | Purchase A/c Dr → To Supplier A/c |
| Purchase with GST | Purchase A/c Dr, GST Dr → To Supplier |
| Freight paid | Freight A/c Dr → To Cash |
| Purchase return | Supplier A/c Dr → To Purchase Return |
| Discount received | Supplier A/c Dr → To Discount Received |
| Advance paid to supplier | Advance A/c Dr → To Cash |
| Goods purchased for cash with discount | Purchase Dr → To Cash & Discount |
| Import purchase | Purchase Dr → To Bank |
| Purchase of raw material | Raw Material A/c Dr → To Supplier |
3. Sales Transactions (26–40)
| Transaction | Journal Entry |
|---|---|
| Cash sales | Cash A/c Dr → To Sales A/c |
| Credit sales | Customer A/c Dr → To Sales |
| Sales with GST | Customer Dr → To Sales & GST |
| Sales return | Sales Return A/c Dr → To Customer |
| Discount allowed | Discount Allowed Dr → To Customer |
| Advance received | Cash Dr → To Advance |
| Bad debts written off | Bad Debts Dr → To Customer |
| Commission income | Commission Dr → To Income |
| Export sales | Debtor Dr → To Sales |
| POS sales | Cash Dr → To Sales |
4. Expense Entries (41–55)
| Transaction | Journal Entry |
|---|---|
| Salary paid | Salary Dr → To Cash |
| Rent paid | Rent Dr → To Cash |
| Electricity bill | Electricity Dr → To Cash |
| Telephone expense | Telephone Dr → To Cash |
| Internet expense | Internet Dr → To Cash |
| Office expenses | Office Expense Dr → To Cash |
| Printing charges | Printing Dr → To Cash |
| Advertisement | Advertisement Dr → To Cash |
| Travelling expense | Travel Dr → To Cash |
| Insurance premium | Insurance Dr → To Bank |
5. Asset & Depreciation Entries (56–65)
| Transaction | Journal Entry |
|---|---|
| Machinery purchase | Machinery Dr → To Cash |
| Furniture purchase | Furniture Dr → To Cash |
| Depreciation entry | Depreciation Dr → To Asset |
| Sale of asset | Cash Dr → To Asset |
| Loss on asset | Loss Dr → To Asset |
| Profit on sale | Asset Dr → To Profit |
| Repairs expense | Repairs Dr → To Cash |
| Asset purchase on credit | Asset Dr → To Supplier |
| Accumulated depreciation | Depreciation Dr → To Accumulated |
| Scrap sale | Cash Dr → To Scrap Income |
6. Adjustment Entries (66–80)
| Transaction | Journal Entry |
|---|---|
| Outstanding salary | Salary Dr → To Outstanding |
| Prepaid rent | Prepaid Rent Dr → To Rent |
| Accrued income | Income Dr → To Accrued |
| Income received in advance | Cash Dr → To Unearned Income |
| Provision for bad debts | Bad Debts Dr → To Provision |
| Interest receivable | Interest Dr → To Interest Income |
| Interest payable | Interest Dr → To Liability |
| Expense unpaid | Expense Dr → To Outstanding |
| Advance expense adjustment | Expense Dr → To Prepaid |
| Depreciation adjustment | Depreciation Dr → To Asset |
7. Banking & Financial Entries (81–90)
| Transaction | Journal Entry |
|---|---|
| Bank charges | Bank Charges Dr → To Bank |
| Interest received | Bank Dr → To Interest |
| Cheque issued | Supplier Dr → To Bank |
| Cheque received | Bank Dr → To Customer |
| NEFT received | Bank Dr → To Debtor |
| EMI payment | Loan Dr → To Bank |
| Overdraft interest | Interest Dr → To Bank |
| FD investment | FD Dr → To Bank |
| FD maturity | Bank Dr → To FD |
| Bank reconciliation entry | Adjustment Dr → To Bank |
8. Miscellaneous & Advanced Entries (91–100)
| Transaction | Journal Entry |
|---|---|
| Goods lost by fire | Loss Dr → To Purchase |
| Insurance claim received | Bank Dr → To Claim |
| Goods withdrawn | Drawings Dr → To Purchase |
| Donation paid | Donation Dr → To Cash |
| Income tax paid | Tax Dr → To Bank |
| TDS deducted | Expense Dr → To TDS Payable |
| GST payable | GST Dr → To Govt |
| GST input | Input GST Dr → To Purchase |
| Write-off assets | Loss Dr → To Asset |
| Correction entry | Correct A/c Dr → To Wrong A/c |
Practical Tips to Pass Journal Entries in Tally
- Use F7 (Journal Voucher) for adjustments
- Always check ledger grouping before entry
- Write proper narration for clarity
- Verify debit and credit balance
Journal vouchers in Tally are mainly used for non-cash transactions and corrections, making them essential for advanced accounting.
Common Mistakes in Journal Entries (Avoid These)
- Wrong ledger selection
- Ignoring GST classification
- Debit/Credit mismatch
- Missing narration
- Using wrong voucher type
FAQs – 100 Journal Entries in Tally
1. What is a journal entry in Tally?
A journal entry records non-cash and adjustment transactions using debit and credit rules.
2. Which key is used for journal entry in Tally?
F7 is used to open Journal Voucher.
3. What are the most common journal entries?
Depreciation, outstanding expenses, accrued income, and corrections.
4. What is the golden rule of journal entry?
Debit expenses and assets, credit income and liabilities.
5. What is a compound journal entry?
An entry involving more than two accounts.
6. Why are journal entries important?
They form the base of all accounting records and reports.
7. Can we pass GST entries in journal voucher?
Yes, but mostly GST entries are passed through purchase/sales vouchers.
Final Conclusion
Mastering these 100 journal entries in Tally with practical examples can significantly improve your accounting skills. Whether you are a student, job seeker, or business owner, these entries cover real-life business scenarios and help you gain practical expertise in Tally.
Disclaimer
This article is for educational purposes only. Accounting treatment may vary based on business type, accounting standards, and tax laws. Always consult a qualified accountant for professional advice.