Learning accounting in Tally Prime becomes much easier when you stop working only with isolated examples and start working with a complete set of transactions. This Tally Prime Practice Data: 100 Transactions With Answers has been designed as a practical exercise set for beginners, students, accountants, job seekers, and anyone who wants to improve their Tally Prime skills through realistic accounting entries.
Instead of simply memorising voucher names, you will work with capital introduced into a business, cash and bank transactions, purchases, sales, expenses, GST, fixed assets, customer receipts, supplier payments, debit notes, credit notes, journal adjustments, depreciation, outstanding expenses, prepaid expenses, and closing adjustments.
The examples are intentionally arranged in a logical order so that you can create a company in Tally Prime and enter the transactions one by one. By the end of the exercise, you will have practised most of the common accounting situations that an accountant encounters in day-to-day work.
Important: GST figures used in this practice set are examples for training purposes. In an actual business, the applicable GST rate, place of supply, tax treatment, ITC eligibility, HSN/SAC, and other compliance requirements should be verified before recording transactions.
Why Tally Prime Practice Data Is Important for Beginners
Many students can create a company in Tally Prime, open a ledger, and select a voucher type. The difficulty usually begins when they are given an actual business transaction and asked:
- Which voucher should be used?
- Which ledger should be debited?
- Which ledger should be credited?
- Should GST be applied?
- Should the amount be entered through inventory or accounting?
- Should the transaction be recorded through cash or bank?
- How should a customer advance be handled?
- What should be done when an expense is outstanding?
- How should a purchase return be entered?
- What happens when a supplier gives a discount or a customer returns goods?
These questions are much easier to answer through practice.
That is why a structured set of 100 Tally Prime transactions with answers can be more useful than reading a long explanation of accounting theory. You can actually create the ledgers, enter the vouchers, check the reports, and compare your final result with the expected accounting treatment.
How to Use This Tally Prime Practice Data
For the best learning experience, do not immediately copy the answers.
Create a practice company and then enter the transactions yourself.
For each transaction, first identify:
- The nature of the transaction.
- The voucher type.
- The account to be debited.
- The account to be credited.
- Whether inventory is involved.
- Whether GST is involved.
- Whether the transaction is through cash or bank.
- Whether the transaction affects a customer or supplier balance.
After entering the transaction, check the Day Book and relevant ledger.
This approach helps you understand not only how to enter a voucher but also why Tally Prime produces a particular accounting result.
Suggested Practice Company
For this exercise, you can create a fictional company named Himanshu Traders.
| Item | Practice Detail |
|---|---|
| Company Name | Himanshu Traders |
| Financial Year | 2026–27 |
| Business Type | Trading Business |
| State | Uttar Pradesh |
| Books Begin From | 1 April 2026 |
| Currency | Indian Rupee |
| GST | Enabled for practice |
| Stock | Enabled |
| Main Business | Trading of office and computer accessories |
Create commonly required ledgers such as:
- Capital Account
- Cash
- Bank Account
- Purchase
- Sales
- Purchase Return
- Sales Return
- Local Purchase
- Interstate Purchase
- Local Sales
- Interstate Sales
- CGST Input
- SGST Input
- IGST Input
- CGST Output
- SGST Output
- IGST Output
- Rent
- Electricity
- Salary
- Telephone
- Internet
- Stationery
- Transport
- Advertisement
- Repairs & Maintenance
- Insurance
- Depreciation
- Outstanding Expenses
- Prepaid Expenses
- Discount Allowed
- Discount Received
- Interest Received
- Interest Paid
- Furniture
- Computer
- Office Equipment
- Drawings
- Customers
- Suppliers
The exact ledger configuration may vary depending on how you want to build the practice company. The purpose of this exercise is to develop practical accounting judgment.
Tally Prime Practice Data: 100 Transactions With Answers
The following 100 transactions are arranged approximately from basic to intermediate and advanced accounting situations.
Transactions 1–10: Capital, Cash and Bank
Transaction 1: Capital Introduced in Cash
Transaction: The owner started the business with cash capital of ₹2,00,000.
Answer:
Voucher Type: Receipt
Debit: Cash A/c ₹2,00,000
Credit: Capital A/c ₹2,00,000
This is the starting point of the business. Cash increases and the owner’s capital also increases.
In Tally Prime, select the appropriate receipt/accounting voucher according to your configuration and record Cash against Capital.
Transaction 2: Capital Introduced Through Bank
Transaction: The owner deposited an additional ₹1,50,000 directly into the business bank account.
Answer:
Voucher Type: Receipt
Debit: Bank A/c ₹1,50,000
Credit: Capital A/c ₹1,50,000
The amount is received as capital, but since it goes directly into the bank, the bank ledger is debited instead of cash.
Transaction 3: Cash Deposited Into Bank
Transaction: ₹1,00,000 cash was deposited into the business bank account.
Answer:
Voucher Type: Contra
Debit: Bank A/c ₹1,00,000
Credit: Cash A/c ₹1,00,000
This is a classic Contra transaction because money is transferred between cash and bank.
Transaction 4: Cash Withdrawn From Bank
Transaction: ₹20,000 was withdrawn from the bank for business cash requirements.
Answer:
Voucher Type: Contra
Debit: Cash A/c ₹20,000
Credit: Bank A/c ₹20,000
The bank balance decreases while cash in hand increases.
Transaction 5: Office Furniture Purchased for Cash
Transaction: Office furniture costing ₹25,000 was purchased for cash.
Answer:
Voucher Type: Payment
Debit: Furniture A/c ₹25,000
Credit: Cash A/c ₹25,000
Furniture is an asset, so it is debited. Cash is reduced, so Cash is credited.
Transaction 6: Computer Purchased Through Bank
Transaction: A computer costing ₹50,000 was purchased and payment was made through bank.
Answer:
Voucher Type: Payment
Debit: Computer A/c ₹50,000
Credit: Bank A/c ₹50,000
The computer becomes a business asset.
Transaction 7: Cash Drawings by Owner
Transaction: The owner withdrew ₹10,000 cash for personal use.
Answer:
Voucher Type: Payment
Debit: Drawings A/c ₹10,000
Credit: Cash A/c ₹10,000
The withdrawal is not a business expense. It is treated as drawings.
Transaction 8: Cash Introduced by Owner as Additional Capital
Transaction: The owner introduced another ₹30,000 cash into the business.
Answer:
Voucher Type: Receipt
Debit: Cash A/c ₹30,000
Credit: Capital A/c ₹30,000
Additional capital increases both cash and owner’s equity.
Transaction 9: Bank Charges
Transaction: The bank deducted ₹500 as bank charges.
Answer:
Voucher Type: Payment
Debit: Bank Charges A/c ₹500
Credit: Bank A/c ₹500
The bank balance falls and the business records the charge as an expense.
Transaction 10: Interest Credited by Bank
Transaction: The bank credited ₹1,500 as interest income.
Answer:
Voucher Type: Receipt
Debit: Bank A/c ₹1,500
Credit: Interest Received A/c ₹1,500
This is income earned by the business.
Transactions 11–25: Purchase Transactions
For practice, assume the local GST rate on selected goods is 18%, split as 9% CGST + 9% SGST for intra-state transactions. Interstate examples use 18% IGST.
Transaction 11: Local Cash Purchase
Transaction: Goods worth ₹20,000 were purchased locally for cash. GST at 18% applies.
Answer:
Purchase value = ₹20,000
CGST = ₹1,800
SGST = ₹1,800
Total = ₹23,600
Voucher Type: Purchase
Debit: Purchase A/c ₹20,000
Debit: Input CGST A/c ₹1,800
Debit: Input SGST A/c ₹1,800
Credit: Cash A/c ₹23,600
Transaction 12: Local Credit Purchase
Transaction: Goods worth ₹35,000 were purchased from ABC Traders on credit. GST at 18% applies.
Answer:
CGST = ₹3,150
SGST = ₹3,150
Invoice total = ₹41,300
Voucher Type: Purchase
Debit: Purchase A/c ₹35,000
Debit: Input CGST A/c ₹3,150
Debit: Input SGST A/c ₹3,150
Credit: ABC Traders A/c ₹41,300
Transaction 13: Interstate Purchase
Transaction: Goods worth ₹40,000 were purchased from Delhi Enterprises. IGST at 18% applies.
Answer:
IGST = ₹7,200
Invoice total = ₹47,200
Voucher Type: Purchase
Debit: Purchase A/c ₹40,000
Debit: Input IGST A/c ₹7,200
Credit: Delhi Enterprises A/c ₹47,200
Transaction 14: Purchase for Cash Without GST
Transaction: Packaging material costing ₹5,000 was purchased for cash from a supplier where GST is not being recorded in this exercise.
Answer:
Voucher Type: Purchase or Payment, depending on the practice configuration
Debit: Packaging Material/Purchase A/c ₹5,000
Credit: Cash A/c ₹5,000
Transaction 15: Purchase of Office Stationery
Transaction: Office stationery worth ₹3,500 was purchased for cash.
Answer:
Voucher Type: Payment
Debit: Stationery A/c ₹3,500
Credit: Cash A/c ₹3,500
Since stationery is consumed in office operations, it is treated as an expense.
Transaction 16: Purchase of Goods Through Bank
Transaction: Goods worth ₹45,000 were purchased locally and the supplier was paid immediately through bank. GST at 18% applies.
Answer:
CGST = ₹4,050
SGST = ₹4,050
Total = ₹53,100
Voucher Type: Purchase
Debit: Purchase A/c ₹45,000
Debit: Input CGST A/c ₹4,050
Debit: Input SGST A/c ₹4,050
Credit: Bank A/c ₹53,100
Transaction 17: Purchase From Supplier on Credit
Transaction: Goods worth ₹60,000 were purchased on credit from Sharma Traders, with 18% GST.
Answer:
GST = ₹10,800
Total payable = ₹70,800
Voucher Type: Purchase
Debit: Purchase A/c ₹60,000
Debit: Input CGST A/c ₹5,400
Debit: Input SGST A/c ₹5,400
Credit: Sharma Traders A/c ₹70,800
Transaction 18: Freight Paid on Purchases
Transaction: ₹4,000 was paid in cash for transporting purchased goods to the warehouse.
Answer:
Voucher Type: Payment
Debit: Freight/Carriage Inward A/c ₹4,000
Credit: Cash A/c ₹4,000
Transaction 19: Loading Charges
Transaction: ₹2,000 was paid by cash for loading goods at the warehouse.
Answer:
Voucher Type: Payment
Debit: Loading Charges A/c ₹2,000
Credit: Cash A/c ₹2,000
Transaction 20: Purchase of Computer Accessories
Transaction: Computer accessories worth ₹15,000 were purchased locally on credit with 18% GST.
Answer:
CGST = ₹1,350
SGST = ₹1,350
Total = ₹17,700
Voucher Type: Purchase
Debit: Purchase A/c ₹15,000
Debit: Input CGST A/c ₹1,350
Debit: Input SGST A/c ₹1,350
Credit: Supplier A/c ₹17,700
Transaction 21: Advance Paid to Supplier
Transaction: ₹20,000 was paid by bank to a supplier as advance against future purchases.
Answer:
Voucher Type: Payment
Debit: Supplier Advance A/c ₹20,000
Credit: Bank A/c ₹20,000
The payment is not treated as a purchase until the goods are actually received and the appropriate accounting entry is made.
Transaction 22: Purchase of Packing Boxes
Transaction: Packing boxes costing ₹8,000 were purchased in cash.
Answer:
Voucher Type: Purchase/Payment
Debit: Packing Material A/c ₹8,000
Credit: Cash A/c ₹8,000
Transaction 23: Local Purchase With GST
Transaction: Goods worth ₹22,000 were purchased from a local supplier on credit with 18% GST.
Answer:
CGST = ₹1,980
SGST = ₹1,980
Total = ₹25,960
Voucher Type: Purchase
Debit: Purchase A/c ₹22,000
Debit: Input CGST A/c ₹1,980
Debit: Input SGST A/c ₹1,980
Credit: Supplier A/c ₹25,960
Transaction 24: Interstate Purchase
Transaction: Goods worth ₹55,000 were purchased from Mumbai on credit with 18% IGST.
Answer:
IGST = ₹9,900
Total = ₹64,900
Voucher Type: Purchase
Debit: Purchase A/c ₹55,000
Debit: Input IGST A/c ₹9,900
Credit: Mumbai Supplier A/c ₹64,900
Transaction 25: Purchase Return
Transaction: Goods worth ₹5,000 purchased from ABC Traders were returned. The original purchase attracted 18% GST.
Answer:
CGST reversal = ₹450
SGST reversal = ₹450
Total reduction in supplier payable = ₹5,900
Voucher Type: Debit Note/Purchase Return
Debit: ABC Traders A/c ₹5,900
Credit: Purchase Return A/c ₹5,000
Credit: Input CGST A/c ₹450
Credit: Input SGST A/c ₹450
Transactions 26–45: Sales and Customer Transactions
Transaction 26: Cash Sale
Transaction: Goods costing ₹12,000 were sold for ₹18,000 locally for cash. GST at 18% applies.
Answer:
GST = ₹3,240
Total cash received = ₹21,240
Voucher Type: Sales
Debit: Cash A/c ₹21,240
Credit: Sales A/c ₹18,000
Credit: Output CGST A/c ₹1,620
Credit: Output SGST A/c ₹1,620
Transaction 27: Credit Sale
Transaction: Goods worth ₹30,000 were sold on credit to Rahul Enterprises. GST at 18% applies.
Answer:
GST = ₹5,400
Customer receivable = ₹35,400
Voucher Type: Sales
Debit: Rahul Enterprises A/c ₹35,400
Credit: Sales A/c ₹30,000
Credit: Output CGST A/c ₹2,700
Credit: Output SGST A/c ₹2,700
Transaction 28: Interstate Credit Sale
Transaction: Goods worth ₹45,000 were sold to a customer in Delhi. IGST at 18% applies.
Answer:
IGST = ₹8,100
Total = ₹53,100
Voucher Type: Sales
Debit: Delhi Customer A/c ₹53,100
Credit: Sales A/c ₹45,000
Credit: Output IGST A/c ₹8,100
Transaction 29: Cash Sale With GST
Transaction: Goods worth ₹25,000 were sold for cash to a local customer, with 18% GST.
Answer:
GST = ₹4,500
Total cash received = ₹29,500
Voucher Type: Sales
Debit: Cash A/c ₹29,500
Credit: Sales A/c ₹25,000
Credit: Output CGST A/c ₹2,250
Credit: Output SGST A/c ₹2,250
Transaction 30: Credit Sale to ABC Enterprises
Transaction: Goods worth ₹50,000 were sold on credit with 18% GST.
Answer:
GST = ₹9,000
Total receivable = ₹59,000
Voucher Type: Sales
Debit: ABC Enterprises A/c ₹59,000
Credit: Sales A/c ₹50,000
Credit: Output CGST A/c ₹4,500
Credit: Output SGST A/c ₹4,500
Transaction 31: Customer Gives Advance
Transaction: A customer paid ₹15,000 by bank as advance for a future order.
Answer:
Voucher Type: Receipt
Debit: Bank A/c ₹15,000
Credit: Customer Advance A/c ₹15,000
The customer advance is kept separately until the actual transaction is recorded.
Transaction 32: Sales Against Customer Advance
Transaction: Goods worth ₹15,000 were subsequently supplied against the customer advance. Assume GST is accounted for separately according to the applicable tax treatment.
Answer:
Voucher Type: Sales
Record the sale using the customer ledger and adjust the advance according to the accounting and tax configuration of the transaction.
The important practice objective here is understanding that a customer advance should not simply disappear; it must be adjusted against the customer’s final invoice.
Transaction 33: Collection From Customer
Transaction: Rahul Enterprises paid ₹20,000 through bank against an outstanding balance.
Answer:
Voucher Type: Receipt
Debit: Bank A/c ₹20,000
Credit: Rahul Enterprises A/c ₹20,000
Transaction 34: Cash Received From Customer
Transaction: ₹8,000 was received in cash from a customer.
Answer:
Voucher Type: Receipt
Debit: Cash A/c ₹8,000
Credit: Customer A/c ₹8,000
Transaction 35: Discount Allowed to Customer
Transaction: A customer owed ₹10,000. The customer paid ₹9,700 as full settlement and received a ₹300 discount.
Answer:
Voucher Type: Receipt
Debit: Cash/Bank A/c ₹9,700
Debit: Discount Allowed A/c ₹300
Credit: Customer A/c ₹10,000
The customer account is closed for the full amount while the business records ₹300 as discount allowed.
Transaction 36: Sales Return
Transaction: A customer returned goods worth ₹4,000 from a taxable local sale. GST at 18% applies.
Answer:
CGST = ₹360
SGST = ₹360
Total customer reduction = ₹4,720
Voucher Type: Credit Note/Sales Return
Debit: Sales Return A/c ₹4,000
Debit: Output CGST A/c ₹360
Debit: Output SGST A/c ₹360
Credit: Customer A/c ₹4,720
Transaction 37: Customer Pays Through UPI/Bank
Transaction: A customer paid ₹12,500 through the business bank account.
Answer:
Voucher Type: Receipt
Debit: Bank A/c ₹12,500
Credit: Customer A/c ₹12,500
For accounting purposes, a UPI payment credited directly to the business bank generally enters the bank ledger.
Transaction 38: Customer Pays Part Amount
Transaction: A customer has an outstanding invoice of ₹30,000 and pays ₹18,000 by bank.
Answer:
Voucher Type: Receipt
Debit: Bank A/c ₹18,000
Credit: Customer A/c ₹18,000
The remaining ₹12,000 continues as outstanding.
Transaction 39: Discount Received From Supplier
Transaction: A supplier balance of ₹15,000 is settled by paying ₹14,500 after receiving a ₹500 discount.
Answer:
Voucher Type: Payment
Debit: Supplier A/c ₹15,000
Credit: Bank/Cash A/c ₹14,500
Credit: Discount Received A/c ₹500
Transaction 40: Customer Balance Written Off
Transaction: A customer balance of ₹2,000 is determined to be irrecoverable and is written off as bad debt.
Answer:
Voucher Type: Journal
Debit: Bad Debts A/c ₹2,000
Credit: Customer A/c ₹2,000
Transaction 41: Bad Debt Recovered
Transaction: A previously written-off amount of ₹1,000 is recovered from the customer through bank.
Answer:
Voucher Type: Receipt
Debit: Bank A/c ₹1,000
Credit: Bad Debts Recovered A/c ₹1,000
Transaction 42: Customer Refund
Transaction: ₹3,000 was refunded to a customer through bank against a previous adjustment.
Answer:
Voucher Type: Payment
Debit: Customer A/c ₹3,000
Credit: Bank A/c ₹3,000
Transaction 43: Customer Gives Security Deposit
Transaction: A customer paid ₹10,000 as a refundable security deposit.
Answer:
Voucher Type: Receipt
Debit: Bank A/c ₹10,000
Credit: Security Deposit Received A/c ₹10,000
This is not normally sales income because the amount is refundable.
Transaction 44: Customer Advance Refunded
Transaction: A customer cancelled an order and ₹5,000 of advance was refunded through bank.
Answer:
Voucher Type: Payment
Debit: Customer Advance A/c ₹5,000
Credit: Bank A/c ₹5,000
Transaction 45: Receipt of Interest From Customer
Transaction: ₹2,000 was received from a customer as interest for delayed payment.
Answer:
Voucher Type: Receipt
Debit: Bank A/c ₹2,000
Credit: Interest Received A/c ₹2,000
Transactions 46–65: Expenses and Routine Business Payments
Transaction 46: Office Rent Paid
Transaction: Monthly office rent of ₹18,000 was paid by bank.
Answer:
Voucher Type: Payment
Debit: Rent A/c ₹18,000
Credit: Bank A/c ₹18,000
Transaction 47: Electricity Expense
Transaction: Electricity bill of ₹4,500 was paid in cash.
Answer:
Voucher Type: Payment
Debit: Electricity Expense A/c ₹4,500
Credit: Cash A/c ₹4,500
Transaction 48: Salary Paid
Transaction: Employees were paid salaries of ₹40,000 through bank.
Answer:
Voucher Type: Payment
Debit: Salary A/c ₹40,000
Credit: Bank A/c ₹40,000
Transaction 49: Telephone Bill
Transaction: Telephone expense of ₹2,000 was paid through bank.
Answer:
Voucher Type: Payment
Debit: Telephone Expense A/c ₹2,000
Credit: Bank A/c ₹2,000
Transaction 50: Internet Charges
Transaction: Internet charges of ₹1,500 were paid through bank.
Answer:
Voucher Type: Payment
Debit: Internet Expense A/c ₹1,500
Credit: Bank A/c ₹1,500
Transaction 51: Advertising Expense
Transaction: ₹7,500 was paid by bank for online advertising.
Answer:
Voucher Type: Payment
Debit: Advertisement A/c ₹7,500
Credit: Bank A/c ₹7,500
Transaction 52: Repair Expense
Transaction: Office equipment repairs costing ₹3,000 were paid in cash.
Answer:
Voucher Type: Payment
Debit: Repairs & Maintenance A/c ₹3,000
Credit: Cash A/c ₹3,000
Transaction 53: Insurance Premium
Transaction: Annual office insurance premium of ₹12,000 was paid through bank.
Answer:
Voucher Type: Payment
Debit: Insurance A/c ₹12,000
Credit: Bank A/c ₹12,000
At year-end, part of this may need to be treated as prepaid depending on the coverage period.
Transaction 54: Courier Charges
Transaction: Courier expenses of ₹1,200 were paid in cash.
Answer:
Voucher Type: Payment
Debit: Courier Charges A/c ₹1,200
Credit: Cash A/c ₹1,200
Transaction 55: Travelling Expense
Transaction: ₹6,000 was paid through bank for official business travel.
Answer:
Voucher Type: Payment
Debit: Travelling Expenses A/c ₹6,000
Credit: Bank A/c ₹6,000
Transaction 56: Office Refreshment Expense
Transaction: ₹1,500 was spent on office refreshments.
Answer:
Voucher Type: Payment
Debit: Staff Welfare/Refreshment Expense A/c ₹1,500
Credit: Cash A/c ₹1,500
Transaction 57: Printing Charges
Transaction: ₹2,500 was paid for printing business materials.
Answer:
Voucher Type: Payment
Debit: Printing & Stationery A/c ₹2,500
Credit: Cash A/c ₹2,500
Transaction 58: Professional Fees
Transaction: ₹8,000 was paid by bank for professional services.
Answer:
Voucher Type: Payment
Debit: Professional Fees A/c ₹8,000
Credit: Bank A/c ₹8,000
Transaction 59: Cleaning Expense
Transaction: Office cleaning charges of ₹2,000 were paid in cash.
Answer:
Voucher Type: Payment
Debit: Cleaning Expense A/c ₹2,000
Credit: Cash A/c ₹2,000
Transaction 60: Delivery Charges
Transaction: ₹3,500 was paid for delivering customer orders.
Answer:
Voucher Type: Payment
Debit: Delivery/Carriage Outward A/c ₹3,500
Credit: Cash A/c ₹3,500
Transaction 61: Security Service Charges
Transaction: Monthly security service charges of ₹5,000 were paid through bank.
Answer:
Voucher Type: Payment
Debit: Security Charges A/c ₹5,000
Credit: Bank A/c ₹5,000
Transaction 62: Software Subscription
Transaction: ₹4,000 was paid through bank for business software subscription.
Answer:
Voucher Type: Payment
Debit: Software Subscription Expense A/c ₹4,000
Credit: Bank A/c ₹4,000
Transaction 63: Office Tea and Refreshment
Transaction: ₹800 was spent in cash on office tea and refreshments.
Answer:
Voucher Type: Payment
Debit: Refreshment Expense A/c ₹800
Credit: Cash A/c ₹800
Transaction 64: Transportation Expense
Transaction: ₹2,800 was paid for local transportation used for business purposes.
Answer:
Voucher Type: Payment
Debit: Transportation Expense A/c ₹2,800
Credit: Cash A/c ₹2,800
Transaction 65: Miscellaneous Office Expense
Transaction: ₹1,000 was paid for a small miscellaneous office expense.
Answer:
Voucher Type: Payment
Debit: Miscellaneous Expense A/c ₹1,000
Credit: Cash A/c ₹1,000
Although a miscellaneous ledger can be useful for practice, in a real business it is better to classify regular expenses into appropriate heads.
Transactions 66–75: Fixed Assets and Financing
Transaction 66: Printer Purchased
Transaction: A printer costing ₹18,000 was purchased through bank.
Answer:
Voucher Type: Payment
Debit: Office Equipment A/c ₹18,000
Credit: Bank A/c ₹18,000
Transaction 67: Air Conditioner Purchased
Transaction: An air conditioner costing ₹45,000 was purchased on credit.
Answer:
Voucher Type: Purchase/Journal/Payment depending on the asset purchase process
Debit: Air Conditioner/Fixed Asset A/c ₹45,000
Credit: Supplier A/c ₹45,000
Transaction 68: Payment to Fixed Asset Supplier
Transaction: ₹25,000 was paid through bank against the outstanding amount for the air conditioner.
Answer:
Voucher Type: Payment
Debit: Supplier A/c ₹25,000
Credit: Bank A/c ₹25,000
Transaction 69: Repair of Office Computer
Transaction: ₹3,000 was spent on normal repair of an office computer.
Answer:
Voucher Type: Payment
Debit: Repairs & Maintenance A/c ₹3,000
Credit: Cash A/c ₹3,000
The expense is treated as revenue expenditure in this practice example.
Transaction 70: Long-Term Computer Upgrade
Transaction: A hardware upgrade worth ₹20,000 is treated as part of the computer asset in the practice accounts.
Answer:
Voucher Type: Journal/Payment
Debit: Computer A/c ₹20,000
Credit: Bank/Cash A/c ₹20,000
The correct treatment in a real business depends on whether the expenditure meets the applicable capitalisation criteria.
Transaction 71: Business Loan Received
Transaction: The business received a bank loan of ₹2,00,000.
Answer:
Voucher Type: Receipt
Debit: Bank A/c ₹2,00,000
Credit: Bank Loan A/c ₹2,00,000
The business receives funds, but the amount is a liability rather than income.
Transaction 72: Loan Principal Repaid
Transaction: ₹25,000 of the loan principal was repaid through bank.
Answer:
Voucher Type: Payment
Debit: Bank Loan A/c ₹25,000
Credit: Bank A/c ₹25,000
Transaction 73: Loan Interest Paid
Transaction: ₹4,000 loan interest was paid through bank.
Answer:
Voucher Type: Payment
Debit: Interest on Loan A/c ₹4,000
Credit: Bank A/c ₹4,000
Loan principal and loan interest should be kept separate because they have different accounting treatment.
Transaction 74: Security Deposit Paid
Transaction: The business paid a refundable security deposit of ₹20,000 to the landlord.
Answer:
Voucher Type: Payment
Debit: Security Deposit A/c ₹20,000
Credit: Bank A/c ₹20,000
Transaction 75: Security Deposit Received From Vendor
Transaction: A vendor paid ₹10,000 as a refundable security deposit to the business.
Answer:
Voucher Type: Receipt
Debit: Bank A/c ₹10,000
Credit: Security Deposit Received A/c ₹10,000
Transactions 76–85: Debit Notes, Credit Notes and Adjustments
Transaction 76: Additional Purchase Cost
Transaction: A supplier raised an additional charge of ₹2,000 relating to an earlier purchase.
Answer:
Voucher Type: Debit Note/Journal, depending on the underlying document
Debit: Purchase/Freight/Relevant Expense A/c ₹2,000
Credit: Supplier A/c ₹2,000
Transaction 77: Supplier Credit Note
Transaction: A supplier grants a credit note for ₹3,000 because of defective goods previously purchased.
Answer:
Voucher Type: Debit Note/Purchase Return adjustment
Debit: Supplier A/c ₹3,000
Credit: Purchase Return/Relevant Purchase Adjustment A/c ₹3,000
If the original invoice had tax, the corresponding tax component should also be adjusted appropriately.
Transaction 78: Customer Credit Note
Transaction: A credit note of ₹2,500 is issued to a customer for a price adjustment.
Answer:
Voucher Type: Credit Note
Debit: Sales Adjustment/Discount/Relevant A/c ₹2,500
Credit: Customer A/c ₹2,500
Transaction 79: Purchase Discount Adjustment
Transaction: A supplier gives a post-purchase discount of ₹1,000.
Answer:
Voucher Type: Journal/Debit Note adjustment, depending on documentation
Debit: Supplier A/c ₹1,000
Credit: Discount Received/Purchase Adjustment A/c ₹1,000
Transaction 80: Sales Discount Adjustment
Transaction: A customer receives an additional discount of ₹750 after invoicing.
Answer:
Voucher Type: Credit Note/Journal adjustment
Debit: Discount Allowed/Sales Adjustment A/c ₹750
Credit: Customer A/c ₹750
Transaction 81: Freight Recoverable From Customer
Transaction: ₹2,000 freight was charged to a customer in addition to the goods invoice.
Answer:
Voucher Type: Sales
Record the sale and freight charge through the appropriate sales or freight ledger, depending on the invoice structure.
The key practice objective is to understand that additional recoverable charges can be included in the customer invoice.
Transaction 82: Customer Advance Adjusted
Transaction: A previously received customer advance of ₹10,000 is adjusted against an invoice.
Answer:
Use the appropriate receipt/adjustment mechanism so that the customer advance is reduced by ₹10,000 and the invoice balance is correspondingly settled.
Transaction 83: Supplier Advance Adjusted
Transaction: An earlier supplier advance of ₹20,000 is adjusted against a new purchase invoice.
Answer:
Adjust the supplier advance against the supplier’s outstanding invoice. After adjustment, only the remaining payable should appear in the supplier ledger.
Transaction 84: Expense Paid on Behalf of Employee
Transaction: The business paid ₹3,000 for a business expense on behalf of an employee, to be recovered later.
Answer:
Voucher Type: Payment
Debit: Employee Recoverable A/c ₹3,000
Credit: Bank/Cash A/c ₹3,000
It is not treated as an immediate business expense if the amount is recoverable from the employee.
Transaction 85: Employee Reimburses Business
Transaction: The employee repaid ₹3,000 into the bank.
Answer:
Voucher Type: Receipt
Debit: Bank A/c ₹3,000
Credit: Employee Recoverable A/c ₹3,000
Transactions 86–95: Outstanding, Prepaid and Journal Entries
Transaction 86: Salary Outstanding
Transaction: At month-end, salary of ₹10,000 is due but has not yet been paid.
Answer:
Voucher Type: Journal
Debit: Salary A/c ₹10,000
Credit: Salary Outstanding A/c ₹10,000
This records the expense in the correct accounting period even though payment has not yet been made.
Transaction 87: Outstanding Electricity Expense
Transaction: Electricity expense of ₹3,000 relates to the current period but the bill will be paid next month.
Answer:
Voucher Type: Journal
Debit: Electricity Expense A/c ₹3,000
Credit: Electricity Payable/Outstanding Expense A/c ₹3,000
Transaction 88: Outstanding Audit Fees
Transaction: Professional/audit fees of ₹8,000 are payable at year-end but remain unpaid.
Answer:
Voucher Type: Journal
Debit: Professional Fees A/c ₹8,000
Credit: Outstanding Professional Fees A/c ₹8,000
Transaction 89: Prepaid Insurance
Transaction: Out of an insurance payment already recorded, ₹4,000 relates to the future period.
Answer:
Voucher Type: Journal
Debit: Prepaid Insurance A/c ₹4,000
Credit: Insurance Expense A/c ₹4,000
This adjustment transfers the future-period portion from expense to an asset.
Transaction 90: Prepaid Rent
Transaction: ₹5,000 of rent already recorded relates to a future accounting period.
Answer:
Voucher Type: Journal
Debit: Prepaid Rent A/c ₹5,000
Credit: Rent A/c ₹5,000
Transaction 91: Depreciation on Furniture
Transaction: Depreciation of ₹3,000 is to be charged on furniture.
Answer:
Voucher Type: Journal
Debit: Depreciation on Furniture A/c ₹3,000
Credit: Furniture A/c ₹3,000
Depending on your company’s accounting policy, depreciation may instead be accumulated through a separate accumulated depreciation ledger.
Transaction 92: Depreciation on Computer
Transaction: Depreciation of ₹5,000 is charged on computer assets.
Answer:
Voucher Type: Journal
Debit: Depreciation on Computer A/c ₹5,000
Credit: Computer A/c ₹5,000
Transaction 93: Interest Accrued but Not Received
Transaction: ₹2,500 interest has been earned but has not yet been received.
Answer:
Voucher Type: Journal
Debit: Interest Receivable A/c ₹2,500
Credit: Interest Income A/c ₹2,500
Transaction 94: Interest Payable
Transaction: Loan interest of ₹3,500 is due but will be paid later.
Answer:
Voucher Type: Journal
Debit: Interest Expense A/c ₹3,500
Credit: Interest Payable A/c ₹3,500
Transaction 95: Provision for Expense
Transaction: A provision of ₹6,000 is created for an expense expected to be payable after year-end.
Answer:
Voucher Type: Journal
Debit: Relevant Expense A/c ₹6,000
Credit: Provision for Expense A/c ₹6,000
The exact treatment depends on the nature of the liability and the accounting policy being followed.
Transactions 96–100: Advanced Practice and Closing Entries
Transaction 96: Goods Used for Business Promotion
Transaction: Goods costing ₹3,000 were taken from stock and used for a promotional activity.
Answer:
Voucher Type: Journal/Stock Journal, depending on the accounting structure
Debit: Advertisement/Promotion Expense A/c ₹3,000
Credit: Purchase/Stock Adjustment A/c ₹3,000
The important concept is that goods consumed for promotion are no longer treated as normal saleable stock.
Transaction 97: Goods Taken by Owner for Personal Use
Transaction: The owner took goods costing ₹4,000 for personal use.
Answer:
Voucher Type: Journal/Stock Journal
Debit: Drawings A/c ₹4,000
Credit: Purchase/Stock Adjustment A/c ₹4,000
The goods have been withdrawn for personal use, so the transaction affects drawings rather than business sales.
Transaction 98: Stock Damaged
Transaction: Goods costing ₹5,000 were damaged and are no longer saleable.
Answer:
Voucher Type: Stock Journal/Journal, depending on stock accounting setup
Debit: Loss Due to Damage A/c ₹5,000
Credit: Stock/Purchase Adjustment A/c ₹5,000
In a real business, the treatment may also involve insurance or tax considerations depending on the circumstances.
Transaction 99: Closing Stock Adjustment
Transaction: Physical stock count at year-end shows closing stock valued at ₹1,50,000 for the practice company.
Answer:
If accounting treatment requires a manual closing-stock adjustment, pass the appropriate year-end journal according to the inventory configuration.
A simplified accounting concept is:
Debit: Closing Stock A/c ₹1,50,000
Credit: Trading/Purchase-related Adjustment A/c ₹1,50,000
In an inventory-integrated Tally Prime company, closing stock is generally handled through stock items and inventory valuation rather than blindly posting a manual journal. The purpose of this example is to understand the concept of closing inventory.
Transaction 100: Transfer of Net Profit to Capital
Transaction: At the end of the accounting period, the business has earned a net profit of ₹75,000. For a simplified capital-account practice entry, the profit is transferred to the owner’s capital.
Answer:
Voucher Type: Journal
Debit: Profit & Loss Appropriation/Profit Transfer A/c ₹75,000
Credit: Capital A/c ₹75,000
The exact year-end process in Tally Prime depends on the accounting configuration and how the Profit & Loss Account and capital structure are maintained.
How to Practise These 100 Tally Prime Transactions
The biggest mistake students make is entering all 100 transactions by looking at the answers.
That approach may help them finish the exercise, but it does not necessarily improve their accounting skill.
A much better method is to divide the practice into stages.
Stage 1: Identify the Accounting Effect
Before opening Tally Prime, read a transaction and write down:
- What comes into the business?
- What goes out?
- Who owes whom?
- Is it income or expense?
- Is it an asset or liability?
- Does it affect capital?
- Does it involve inventory?
For example:
“Paid office rent of ₹18,000 by bank.”
You should immediately recognise:
Rent = expense
Bank = decrease in asset
Therefore:
Rent Dr. ₹18,000
Bank Cr. ₹18,000
This is the fundamental accounting skill behind Tally.
Stage 2: Select the Correct Voucher
Once you understand the accounting effect, identify the voucher.
Common voucher choices include:
| Situation | Common Voucher |
| Cash deposited into bank | Contra |
| Cash withdrawn from bank | Contra |
| Money received from customer | Receipt |
| Money paid to supplier | Payment |
| Goods purchased | Purchase |
| Goods sold | Sales |
| Customer returns goods | Credit Note |
| Goods returned to supplier | Debit Note |
| Adjustment entry | Journal |
| Transfer between stock locations | Stock Journal |
The exact workflow can vary depending on the way the company is configured.
Stage 3: Enter the Transaction Without Looking at the Answer
This is where real learning happens.
Suppose the transaction says:
Purchased goods worth ₹35,000 from ABC Traders on credit with 18% GST.
Do not immediately search for “purchase voucher”.
Ask yourself:
- Is there a supplier? Yes.
- Is payment being made immediately? No.
- Is GST involved? Yes.
- Is it an intra-state transaction? Assume yes.
- What is the invoice value? ₹41,300.
- Which ledgers are affected? Purchase, Input CGST, Input SGST and ABC Traders.
Then enter it in Tally Prime.
Stage 4: Check the Ledger
After entering several transactions, open:
Display/Reports → Account Books → Ledger
Then check individual accounts.
For example, open the ABC Traders ledger.
You should be able to see:
- purchases
- purchase returns
- payments
- discounts
- adjustments
- closing payable balance
This is one of the best ways to understand how Tally Prime works.
What You Should Check After Entering All 100 Transactions
Completing the vouchers is only half of the exercise.
The next step is checking whether the books make sense.
Check the Day Book
The Day Book allows you to review the sequence of transactions.
Look for:
- incorrect dates
- wrong voucher types
- duplicated entries
- missing GST
- incorrect cash transactions
- wrong ledger selection
- wrong amounts
Check Cash Balance
The cash balance should not unexpectedly become negative unless you deliberately created such a situation.
A negative cash balance is often an indication that a transaction has been entered incorrectly or that the opening balance has not been configured correctly.
Check Bank Balance
Review the bank ledger and confirm that:
- deposits increase the bank
- withdrawals decrease the bank
- customer receipts increase the bank
- supplier payments decrease the bank
- bank charges reduce the bank
- bank interest increases the bank
Check Customer Outstanding
Go to the receivables/outstanding report.
You should be able to identify:
- invoices still unpaid
- part payments
- customer advances
- credit notes
- discounts
- bad debts
This is much more useful than simply looking at the Profit & Loss Account.
Check Supplier Outstanding
Similarly, review payables.
Confirm that:
- purchases increase supplier balances
- purchase returns reduce supplier balances
- payments reduce supplier balances
- discounts reduce outstanding balances
- advances are separately identifiable
Check Stock Summary
Because several transactions involve purchases and sales, the stock summary should reflect stock movement.
Check:
- opening stock
- purchases
- sales
- purchase returns
- sales returns
- stock adjustments
- damaged stock
- closing quantity
- closing value
If the business is configured with inventory, this is an essential part of the exercise.
How GST Practice Works in These Examples
GST can initially make Tally practice seem complicated, but the underlying structure is quite systematic.
For a basic local taxable purchase:
Purchase Value + CGST + SGST = Invoice Value
For example:
Purchase = ₹20,000
CGST at 9% = ₹1,800
SGST at 9% = ₹1,800
Total = ₹23,600
For an interstate transaction:
Purchase = ₹40,000
IGST at 18% = ₹7,200
Total = ₹47,200
The same basic structure applies to sales, except that output tax is generated instead of input tax.
Input GST
Input tax is generally associated with eligible GST paid on business purchases.
In the practice environment, the common ledgers are:
- Input CGST
- Input SGST
- Input IGST
Output GST
Output GST generally arises when taxable sales are made.
Common ledgers include:
- Output CGST
- Output SGST
- Output IGST
For actual compliance, students should understand that ITC eligibility and tax treatment depend on the circumstances of the transaction.
Why Voucher Selection Matters in Tally Prime
A common beginner mistake is thinking that the only important thing is entering the correct amount.
That is not enough.
The voucher type also matters.
For instance:
Cash to Bank is normally a Contra transaction.
Customer payment received is a Receipt transaction.
Supplier payment made is a Payment transaction.
Goods sold is a Sales transaction.
Goods purchased is a Purchase transaction.
Adjustment of depreciation is generally a Journal transaction.
Using the wrong voucher can make the books harder to understand and may affect the way information appears in reports.
That is why these 100 examples deliberately include different types of vouchers.
Tally Prime Practice Data for Students
Students preparing for Tally Prime examinations or job interviews should not restrict their preparation to simple examples such as:
- cash purchase
- cash sales
- rent paid
- salary paid
These are useful for beginners, but an accountant may be asked to handle much more.
A practical candidate should also know how to handle:
- credit sales
- credit purchases
- part payments
- advances
- discounts
- purchase returns
- sales returns
- GST
- fixed assets
- depreciation
- outstanding expenses
- prepaid expenses
- bad debts
- customer balances
- supplier balances
- bank transactions
- stock adjustments
That is why a structured Tally Prime practice data with 100 transactions exercise can be particularly useful for job-oriented training.
Tally Prime Practice Data for Beginners
Beginners can start with transactions 1 to 25.
At this level, focus on:
Cash
Bank
Capital
Purchases
Sales
Customers
Suppliers
Basic GST
Do not worry about advanced adjustments until the basic flow becomes comfortable.
A beginner should be able to answer simple questions such as:
If cash is paid, which account is credited?
If money is received from a customer, which account is debited?
If goods are purchased on credit, which supplier ledger is affected?
If goods are returned to a supplier, what happens to the supplier balance?
Once these questions become automatic, more advanced entries become much easier.
Tally Prime Practice Data for Experienced Learners
Intermediate and experienced users should concentrate on transactions 76 to 100.
These transactions involve situations that require accounting judgment.
Examples include:
- credit-note adjustments
- outstanding expenses
- prepaid expenses
- depreciation
- accrued income
- provisions
- stock damage
- goods withdrawn for personal use
- closing stock
- profit transfer
These entries are valuable because they test understanding rather than simple data-entry speed.
How to Build a Complete Tally Prime Practice Company
For an even stronger exercise, create stock groups and stock items.
For example, you could create categories such as:
Computer Accessories
Office Supplies
Networking Products
Printer Accessories
Storage Devices
Then create sample stock items such as:
- Keyboard
- Mouse
- Monitor
- Printer
- USB Drive
- HDMI Cable
- Wi-Fi Router
- Laptop Stand
- Webcam
- Headset
Assign suitable units such as:
- Nos
- Box
- Piece
- Set
Then use actual inventory quantities in the purchase and sales vouchers.
This makes the exercise much more realistic than entering only accounting values.
Practice With Bill-Wise Details
When dealing with customers and suppliers, enable bill-wise details in your practice company.
Then create invoices such as:
ABC Traders – Invoice 001
Rahul Enterprises – Invoice 002
Delhi Customer – Invoice 003
Afterwards, record partial payments.
For example:
Invoice = ₹35,400
Payment = ₹20,000
Balance = ₹15,400
This allows you to practise outstanding receivables and payment allocation.
It is an important real-world accounting skill.
Practice With Narrations
Do not ignore narrations.
A good narration makes future verification easier.
Instead of writing:
Paid amount.
Use:
Being office rent paid for April 2026 through bank.
Instead of:
Purchase made.
Use:
Being goods purchased from ABC Traders against invoice no. ABC-101.
A clear narration makes accounts easier to audit and understand.
Common Mistakes While Entering Tally Prime Practice Data
Mistake 1: Using Payment Voucher for Every Transaction
Not every transaction involving money is a Payment voucher.
Money received is normally recorded through Receipt.
Transfers between cash and bank are commonly recorded through Contra.
Purchases and sales should be recorded through their respective transaction types.
Mistake 2: Treating Capital as Income
Money introduced by the owner is not sales or income.
It increases capital.
Mistake 3: Treating Drawings as Expense
When the owner withdraws money for personal use, it should not normally be classified as a business expense.
It is drawings.
Mistake 4: Forgetting GST
If a practice transaction specifically includes GST, make sure the tax ledgers are included.
A purchase without the corresponding input tax entry will produce a different result from the intended exercise.
Mistake 5: Confusing Customer and Supplier
A customer normally owes money to the business.
A supplier is someone to whom the business owes money.
This sounds obvious, but it is surprisingly common for beginners to choose the wrong ledger.
Mistake 6: Ignoring Advances
Customer advances and supplier advances should not simply be treated as sales or purchases without considering the underlying transaction.
Mistake 7: Entering Adjustments Through Payment or Receipt
Depreciation, outstanding expenses and prepaid expenses are not ordinary cash transactions.
They are generally handled through Journal or suitable adjustment mechanisms.
How to Verify Your Final Accounts
After entering the complete practice set, review:
Profit & Loss Account
Check whether:
- sales have been recorded
- purchases are reflected correctly
- expenses are classified correctly
- depreciation has been recorded
- discounts are accounted for
- income is included correctly
Balance Sheet
Check:
- cash
- bank
- customers
- suppliers
- fixed assets
- loans
- capital
- outstanding expenses
- advances
- deposits
Stock Summary
Check:
- quantities
- purchase values
- sales values
- returns
- adjustments
- closing stock
GST Reports
For the practice company, review the relevant tax reports and ensure that input and output taxes are behaving as expected.
Again, this exercise is for learning. Actual GST filing should always be based on the real transaction documents and applicable tax rules.
Why Practical Tally Training Is Better Than Memorising Entries
Consider two students.
Student A memorises:
Purchase = Debit
Supplier = Credit
Student B understands:
We bought goods worth ₹35,000 from a supplier on credit. GST is applicable, therefore the business receives inventory, creates eligible input tax in the practice example, and creates a liability toward the supplier.
Student B is more likely to handle a new transaction correctly.
Real accounting work rarely provides a ready-made question such as:
Pass a purchase entry.
Instead, an accountant receives:
“We purchased 40 monitors from XYZ Technologies. The supplier has given us an invoice with GST. Payment will be made after 30 days.”
The accountant must interpret the transaction and select the correct accounting treatment.
That is the skill this practice data is designed to build.
A Simple Daily Practice Plan
You do not have to enter all 100 transactions in one sitting.
A simple five-day plan works well.
Day 1
Enter transactions 1–25.
Focus on:
- capital
- cash
- bank
- purchases
- suppliers
Day 2
Enter transactions 26–45.
Focus on:
- sales
- customers
- receipts
- discounts
- returns
Day 3
Enter transactions 46–65.
Focus on:
- operating expenses
- payments
- recurring business expenses
Day 4
Enter transactions 66–85.
Focus on:
- fixed assets
- loans
- deposits
- debit notes
- credit notes
- adjustments
Day 5
Enter transactions 86–100.
Focus on:
- outstanding expenses
- prepaid expenses
- depreciation
- accrued income
- provisions
- stock adjustments
- closing entries
Then review the reports.
Try the Exercise Without Looking at the Answers
For maximum benefit, copy only the transaction descriptions into a notebook or separate Excel sheet.
For example:
- Owner introduced cash capital of ₹2,00,000.
- Owner deposited ₹1,50,000 directly into bank.
- Cash of ₹1,00,000 deposited into bank.
Then solve each one yourself.
Maintain separate columns for:
Transaction Number
Voucher Type
Debit Ledger
Credit Ledger
Amount
GST
This turns the exercise into a practical accounting test.
Suggested Self-Test
Once you have entered all 100 transactions, take a second test without looking at the answers.
Try to identify the voucher type for the following situations:
- Cash deposited into bank
- Customer payment received
- Purchase on credit
- Goods returned to supplier
- Customer returns goods
- Salary outstanding
- Depreciation
- Customer advance
- Supplier advance
- Loan received
If you can identify these correctly and explain why, your understanding of Tally Prime is improving significantly.
How This Practice Set Can Be Used for Tally Prime Training
This Tally Prime Practice Data: 100 Transactions With Answers can be used in several ways.
For classroom training, the instructor can explain five to ten transactions at a time and let students enter them independently.
For one-to-one training, the trainer can provide the transaction first, observe how the learner analyses it, and then discuss any mistakes.
For self-learning, students can enter the transactions and compare their accounting treatment with the answers.
For job preparation, the same transactions can be converted into interview questions.
For example:
How would you record a customer advance?
How would you record salary outstanding?
How would you record purchase returns?
What is the difference between Contra and Payment?
How would you account for depreciation?
How would you deal with a part-payment from a customer?
These questions test practical understanding rather than memorised definitions.
Final Checklist for Your 100-Transaction Tally Prime Practice
Before considering the exercise complete, verify that you can confidently explain each of these:
Capital Introduction
Drawings
Cash Transactions
Bank Transactions
Contra Entries
Purchase Entries
Sales Entries
Credit Purchases
Credit Sales
Purchase Returns
Sales Returns
Customer Receipts
Supplier Payments
Discount Allowed
Discount Received
Customer Advances
Supplier Advances
GST Input
GST Output
Interstate Transactions
Fixed Assets
Loans
Interest
Outstanding Expenses
Prepaid Expenses
Depreciation
Bad Debts
Stock Adjustments
Closing Stock
Profit Transfer
If these concepts are clear, you have moved beyond basic Tally data entry and are beginning to think like an accountant.
Frequently Asked Questions
What is Tally Prime practice data?
Tally Prime practice data is a collection of realistic accounting transactions that can be entered into a Tally Prime practice company. It helps learners improve voucher entry, ledger selection, GST accounting, inventory handling and reporting skills.
Is this Tally Prime practice data suitable for beginners?
Yes. The first transactions are intentionally simple and gradually become more advanced. Beginners can start from Transaction 1 and move sequentially.
Can students use these 100 transactions for practice?
Yes. The set is suitable for students, job seekers, accounting trainees and anyone who wants hands-on practice.
Does the practice set include GST transactions?
Yes. Several examples include local GST using CGST and SGST, along with interstate examples using IGST.
Can I enter these transactions in Tally Prime with inventory enabled?
Yes. In fact, enabling inventory can make the exercise more practical. You can create stock groups, units, stock items, godowns and customer/supplier ledgers.
Are the GST rates in the examples fixed?
No. They are illustrative training assumptions. Actual tax treatment depends on the goods or services, transaction type, place of supply, registration status and applicable rules.
What voucher should be used for a purchase?
A Purchase voucher is generally used for recording purchases of goods or services where the transaction is being entered as a purchase invoice. The exact configuration can vary according to the business process.
What voucher should be used for customer receipts?
A Receipt voucher is normally used when money is received from a customer or another source.
What is the difference between Contra and Payment?
Contra is commonly used for transactions between cash and bank accounts within the business, while Payment is generally used for money paid to another party or for an expense or liability.
Why should I practise all 100 transactions?
Because accounting work involves many situations beyond basic cash purchases and sales. Practising a variety of transactions helps build confidence in selecting ledgers, voucher types and accounting treatments.
Conclusion
Learning Tally Prime effectively is not about memorising a long list of debit-and-credit rules. It is about developing the ability to read a real transaction, understand what has happened financially, identify the affected accounts, choose the correct voucher, and then verify the result through reports.
That is why this Tally Prime Practice Data: 100 Transactions With Answers is structured as a practical exercise rather than a collection of isolated accounting definitions.
The first few transactions help you build a foundation in cash, bank and capital entries. The middle section introduces purchases, sales, customers, suppliers, GST and daily operating expenses. The later transactions move into fixed assets, loans, returns, discounts, advances and year-end adjustments.
For beginners, the most useful strategy is to practise a few transactions every day rather than trying to complete everything at once. For experienced learners, the advanced adjustment transactions can be used as a self-test.
The most important lesson is simple:
Do not practise Tally merely by copying entries.
Read the transaction.
Understand the business event.
Choose the voucher.
Identify the debit and credit.
Enter it in Tally Prime.
Then check the ledger, stock, outstanding balances and financial reports.
Once you can do that consistently, Tally Prime becomes much more than accounting software. It becomes a practical system for recording, analysing and understanding the complete financial activity of a business.
This 100-transaction exercise can also serve as the foundation for a larger practice project. You can expand it by adding stock items, multiple godowns, purchase and sales orders, quotations, delivery notes, GST reports, bank reconciliation, payroll, cost centres, budgets, and more advanced accounting adjustments.
The more realistically you practise, the more confidently you will be able to handle actual accounting work.
