Difference between revisions of "GNUKhata/C2/Contra-Transactions/English"

Learning Objectives

*Enter a Contra Transaction in GNUKhata

System Requirements

I am using

* GNUKhata version 1.1

* Ubuntu 12.04 Operating System and

* Firefox version 11

To use GNUKhata, I would recommend the use of Firefox version 3.6 or above.

It works well with other browsers, too.

Eg-Chromium and Opera.

Prerequisites

* Principles of Book keeping

* Creating a new organisation

* Creating Accounts in GNUKhata

If not, for relevant tutorials, please visit http://spoken-tutorial.org

in firefox

So the web address will be http://localhost:8080

and login as "admin".

Point to Transaction menu.

This time we will discuss about “Transactions” from the main menu.

/* Slide 5 */

As you all know, in Contra transaction we can use accounts with Sub-group Cash and Bank.

Screen with Contra transaction

The account will have the group name Group Name - Current Assets, Sub Group - Bank and Account Name 'SBI'.

The second account will be under the group Current Asset and Sub-group - Cash. The second account will have the name Cash and Bank.

Type CA12 in Voucher No

The first text-box is for Voucher Number.

Voucher No can take alphanumeric characters.

So I will type CA12.

Point to the default date

You will notice that in the "Date" field, The first day of the financial year of the organisation I.e 1st April 2011 appears by default.

You can edit this date if you wish.

Depending on the nature of the transaction, we will select Dr or Cr option from this drop down.

It has a dropdown box which shows all the existing Account names.

I will select "SBI".

I will enter Rs 2000 as the debit amount.

From Account name dropdown select Cash account

I will select Cr (Credit) option from DR/CR dropdown.

From the Account Name I will select Cash account.

Notice that Rs.2000/- comes as default Credit Amount. This is because, as per the accounting practice, the amounts on both debit and credit side should tally.

I will enter a different amount, lets say, Rs. 1000 and Click on "Ok" button.

Let me show you what happens if you now click on Save.

Click on 'Save'

Choose Cash account

Type Rs. 2000

First we have to select the Cash account

Now I will type the same amount as the debit amount. Rs. 2000.

I will type "Being cash deposit into bank".

That’s it for this tutorial. In the next few tutorials, we will learn more about GNUKhata.

Slide 8

Summary

Contra Transaction

Entering of Contra Transaction

Assignment

A Contra transaction of cash withdrawn from bank Rs.2,000 on 01-04-2011 from HDFC.

Assignment

Hint:

Under Direct Expense, make an account 'Purchase'.

Under Current Liability, make an account 'New Furniture Company'.

Make a Journal Transaction using these two accounts.

Assignment

Now on 10-05-2012, it is agreed that the said units will be charged at Rs.8.

Hint:

Under Indirect Income, make an account 'Sales return'

Under Current Assets, Select Sundry Debtors, make an account 'XYZ'.

The amount for transaction will be Rs 80.

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