Question

Make the voucher entry (as done in Tally) of entry of a new partner Mr. XYZ with a Goodwill worth Rs. 100000.00. Also make the voucher entry if he is being retired on no profit / no loss basis. (Voucher name and its Key Stroke, Ledger name & its group and the narration is must.)​

Answer 1

Particulars                                                                             Dr.                 Cr.

Capital                                                                                                      100000

   Cur Bal 100000

Cash                                                                                     100000

   Cur Bal 100000

The steps to make a voucher entry in Tally of entry of a new partner Mr. XYZ with a Goodwill worth Rs. 100000.00.

• Go to Gateway of Tally> Accounting Vouchers> F6:Receipt
• We have to press F12: Payment Configuration, and set the option Use Single Entry mode for payment/receipt/contra vouchers to No.
• We have to credit the Capital amount and enter the amount Rs.100000
• Next, debit the Cash Account, the same amount.
• Enter the narration in the narration field.