Learn Tally Prime, GST accounting, billing, inventory management and computerized accounting with practical, job-oriented training at DSD Education.
Enquire Now View Tally SyllabusDSD Education offers a practical Tally Course in Rohini, Delhi for students, beginners and learners who want to develop accounting and computerized accounting skills.
The training focuses on important accounting concepts along with Tally Prime, GST accounting, billing, inventory management, vouchers, ledgers and financial reports.
Practical exercises help learners understand how accounting software is used for day-to-day business accounting and billing activities.
Develop practical accounting software skills through structured and application-focused training.
Learn accounting concepts and Tally operations through practical exercises.
Learn essential Tally Prime features used for computerized accounting.
Understand GST-related accounting, billing and business transactions.
Learn with guidance and support from experienced trainers.
Learn essential Tally Prime, accounting, GST and inventory management topics.
Understand how business accounting transactions are managed using accounting software.
Develop practical knowledge of GST-related accounting and billing.
Learn sales, purchase and invoice-related accounting operations.
Understand important financial and accounting reports.
Tally and accounting software skills can be useful for entry-level accounting and business roles.
Students interested in accounting and computer skills can learn Tally Prime.
Beginners can start with accounting fundamentals and gradually learn Tally.
Job seekers can develop accounting, billing and computerized accounting skills.
Learners can understand basic accounting and business software operations.
Looking for a Tally Course in Rohini Delhi? DSD Education provides practical computer and accounting-focused training for learners who want to develop professional accounting software skills.
If you are searching for Tally Classes in Rohini, Tally Institute in Rohini, Tally Prime Course in Rohini or Tally GST Course in Delhi, explore our Tally course and contact DSD Education for current batch timings, fees and admission details.
A Tally course teaches accounting software skills including financial accounting, billing, GST, inventory and business reporting.
The course focuses on Tally Prime and practical accounting skills. Contact DSD Education to confirm the latest syllabus.
GST accounting, GST configuration, sales and purchase transactions and related reports can be included in Tally GST training.
Students, beginners, job seekers and learners interested in accounting software can join Tally training.
DSD Education provides Tally and computer-related training in Rohini, Delhi. Contact the institute for the current address and batch timings.
Learners can develop skills in accounting, billing, GST, inventory, vouchers, ledgers and financial reporting.
Want to learn Tally Prime, GST and computerized accounting? Contact DSD Education for current fees, course duration, batch timings and admission details.
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📘 Lesson — Prepaid Expenses in Tally Prime
1. Prepaid Expenses kya hote hain?
Prepaid Expenses wo expenses hote hain jinka payment pehle hi kar diya gaya hai, lekin unka benefit future accounting period mein milna hai.
Simple Words Mein
Paisa pehle pay kar diya + Benefit future mein milega = Prepaid Expense
Example
DSD Computers ne 1 January ko ₹24,000 insurance premium pay kiya for 12 months.
Agar accounting year 31 March ko end hota hai, to:
January–March = 3 months
April–December = 9 months
Future period ka insurance:
₹24,000 × 9/12 = ₹18,000
Ye ₹18,000 Prepaid Insurance hoga.
2. Prepaid Expense ki Need kyun hoti hai?
Accounting mein expense ko us period mein recognize karna chahiye jisse wo actually related hai.
Agar business ne ₹24,000 insurance pay kiya hai, iska matlab ye nahi ki poora ₹24,000 current period ka expense hai.
Agar ₹18,000 future period se related hai, to us amount ko current period ke expense se separate karna hoga.
Purpose:
Current expense ko correctly calculate karna
Future benefit ko identify karna
Profit ko accurately calculate karna
Balance Sheet mein appropriate asset/prepaid balance show karna
3. Prepaid Expense ka Accounting Effect
Prepaid Expense generally ek current asset ki nature rakhta hai because business ko future mein iska benefit milna hai.
Example
Insurance paid = ₹24,000
Current period expense = ₹6,000
Future period = ₹18,000
Effect:
P&L → ₹6,000 Expense
Balance Sheet → ₹18,000 Prepaid Asset
4. Prepaid Expense ki Basic Adjustment Entry
Agar expense pehle hi record ho chuka hai aur uska future-period portion identify karna hai:
Entry:
Prepaid Expense A/c Dr.
To Expense A/c
Example
Insurance ka ₹18,000 future period se related hai.
Prepaid Insurance A/c Dr. ₹18,000
To Insurance Expense A/c ₹18,000
Result
Insurance Expense reduce hoga aur Prepaid Insurance asset create/increase hoga.
5. Prepaid Expense ka Simple Example
DSD Computers ne:
Insurance = ₹24,000
pay kiya.
Insurance period:
1 January to 31 December
Accounting year:
1 January to 31 March
Calculation
Total Insurance = ₹24,000
12 months = ₹24,000
Monthly insurance:
₹24,000 ÷ 12 = ₹2,000
3 months current period:
₹2,000 × 3 = ₹6,000
9 months future period:
₹2,000 × 9 = ₹18,000
Final:
Particular Amount
Total Insurance Paid ₹24,000
Current Period Expense ₹6,000
Prepaid Expense ₹18,000
6. Tally Prime mein Prepaid Expense Adjustment
Prepaid Expense adjustment ko generally Journal Voucher — F7 ke through record kiya ja sakta hai.
Step 1
Gateway of Tally → Vouchers
Step 2
Press:
F7 — Journal
Step 3
Adjustment date enter karein.
Example:
31-03-2026
Step 4
Debit Ledger select karein:
Prepaid Insurance A/c
Amount:
₹18,000
Step 5
Credit Ledger select karein:
Insurance Expense A/c
Amount:
₹18,000
Step 6
Narration enter karein:
Being insurance expense adjusted for future period.
Step 7
Check:
Debit = ₹18,000
Credit = ₹18,000
Step 8
Press:
Ctrl + A
to save the voucher.
7. Prepaid Insurance
Insurance prepaid hona ek common practical example hai.
Example
Insurance Premium:
₹36,000
12 months ke liye paid.
Current period:
4 months
Future period:
8 months
Calculation
Monthly:
₹36,000 ÷ 12 = ₹3,000
Current expense:
₹3,000 × 4 = ₹12,000
Prepaid:
₹3,000 × 8 = ₹24,000
Adjustment Entry
Prepaid Insurance A/c Dr. ₹24,000
To Insurance Expense A/c ₹24,000
8. Prepaid Rent
Business ne future months ka rent advance mein pay kiya.
Example
DSD Computers ne:
₹60,000
pay kiye.
Current period ka rent:
₹40,000
Future period:
₹20,000
Adjustment Entry
Prepaid Rent A/c Dr. ₹20,000
To Rent Expense A/c ₹20,000
Effect
Current Rent Expense reduce
Prepaid Rent asset increase
9. Prepaid Advertisement Expense
Business ne advertising campaign ke liye advance payment ki.
Example:
₹30,000
me se ₹10,000 future campaign period se related hai.
Adjustment Entry
Prepaid Advertisement A/c Dr. ₹10,000
To Advertisement Expense A/c ₹10,000
10. Prepaid Expense vs Outstanding Expense
Ye dono concepts ko clearly differentiate karna bahut important hai.
Prepaid Expense Outstanding Expense
Payment already made Payment pending
Benefit future ka Expense current period ka
Asset create hota hai Liability create hoti hai
Current expense reduce ho sakta hai Current expense increase hota hai
Example: Insurance paid in advance Example: Salary due
Paisa pehle gaya Paisa abhi nahi gaya
🧠 Super Memory Trick
Prepaid = Paisa Pehle
Outstanding = Paisa Baaki
11. Prepaid Expense vs Normal Expense
Normal Expense
Expense current period se related hai aur isi period mein recognize hota hai.
Example:
March ka electricity expense ₹5,000.
Prepaid Expense
Payment ho chuki hai, lekin benefit ka portion future period se related hai.
Example:
April–June ka rent March mein advance pay kar diya.
Difference
Normal Expense = Current Benefit
Prepaid = Future Benefit
12. Prepaid Expense vs Advance Payment
Ye dono terms similar lag sakti hain, lekin accounting context important hai.
Prepaid Expense generally business ke apne expense ka future-period portion hota hai.
Example:
Insurance paid in advance
Rent paid in advance
Advertisement paid in advance
Advance Payment broader term hai aur transaction ki nature ke according customer/supplier related bhi ho sakti hai.
13. Prepaid Expense ka Profit par Effect
Prepaid adjustment ke baad current period ka expense reduce hota hai.
Example
Insurance initially recorded:
₹24,000
Future period portion:
₹18,000
Current expense:
₹6,000
To P&L mein current period ka expense:
₹6,000
show hoga.
14. Prepaid Expense ka Balance Sheet par Effect
Future period ka amount business ko benefit dega.
Isliye prepaid amount generally:
Current Asset
ke roop mein show kiya ja sakta hai.
Example:
Prepaid Insurance = ₹18,000
Balance Sheet mein:
Current Asset → Prepaid Insurance ₹18,000
15. Prepaid Expense Baad Mein Expense Banega
Jab future period start hota hai aur prepaid amount ka benefit consume hota hai, to prepaid balance ko expense mein transfer kiya jata hai.
Example
Prepaid Insurance:
₹18,000
Future period mein monthly ₹2,000 expense recognize hota hai.
Adjustment:
Insurance Expense A/c Dr. ₹2,000
To Prepaid Insurance A/c ₹2,000
Is process se prepaid balance gradually reduce hota hai.
16. Complete Flow of Prepaid Expense
Step 1
Business advance payment karta hai.
Cash/Bank ↓
↓
Step 2
Future benefit identify hota hai.
↓
Step 3
Adjustment entry pass hoti hai.
Prepaid Asset ↑
↓
Step 4
Future period mein benefit consume hota hai.
↓
Step 5
Prepaid amount expense mein transfer hota hai.
Prepaid ↓ → Expense ↑
17. Example — Complete Accounting Cycle
DSD Computers
Insurance paid:
₹24,000
12 months ke liye.
Current Period
3 months current period ke hain.
Expense:
₹6,000
Future:
₹18,000
Adjustment:
Prepaid Insurance Dr. ₹18,000
To Insurance Expense ₹18,000
Future Period
Monthly expense:
₹2,000
Monthly adjustment:
Insurance Expense Dr. ₹2,000
To Prepaid Insurance ₹2,000
18. Common Mistakes
❌ Mistake 1: Poora advance payment expense maan lena
Future period ka portion current expense nahi hona chahiye.
❌ Mistake 2: Prepaid ko Liability samajhna
Prepaid Expense generally future benefit represent karta hai, isliye asset nature ka hota hai.
❌ Mistake 3: Outstanding aur Prepaid ko confuse karna
Prepaid → Payment already made
Outstanding → Payment pending
❌ Mistake 4: Period calculation ignore karna
Prepaid amount calculate karte waqt period/months carefully calculate karein.
❌ Mistake 5: Future period ka expense current P&L mein include karna
Adjustment ka purpose hi current aur future period ko separate karna hai.
🧠 Easy Memory Trick
PREPAID = PAYMENT PEHLE
P → Payment
R → Received/Already Paid
E → Expense
P → Period Future
Simple yaad rakho:
Paisa Pehle → Benefit Baad Mein
Entry:
Prepaid Expense Dr.
To Expense
📊 Quick Revision Table
Point Prepaid Expense
Meaning Payment made in advance for future benefit
Nature Generally Current Asset
Voucher Generally Journal
Shortcut F7
Adjustment Entry Prepaid Expense Dr. → To Expense
Current Expense Reduce ho sakta hai
Future Benefit Yes
Cash/Bank Original payment ke time effect hota hai
Example Insurance, Rent, Advertisement
Opposite Concept Outstanding Expense
🖥️ Classroom Practical
Company: DSD Computers
Following transactions par Prepaid Expense identify karein:
1. Insurance
₹24,000 paid for 12 months.
Current period = 3 months.
Calculate:
Current Expense
Prepaid Amount
2. Rent
₹60,000 paid for 6 months.
Current period = 4 months.
Calculate:
Current Rent Expense
Prepaid Rent
3. Advertisement
₹30,000 paid for a campaign.
₹10,000 future period se related hai.
Prepare the adjustment entry.
✍️ Practice Questions
Theory
Prepaid Expense kya hota hai?
Prepaid Expense asset kyun hota hai?
Prepaid Expense ki basic adjustment entry kya hai?
Prepaid aur Outstanding Expense mein kya difference hai?
Prepaid Expense ka P&L par kya effect hota hai?
Prepaid Expense ka Balance Sheet par kya effect hota hai?
Prepaid Insurance kya hota hai?
Practical
Question 1
Insurance ₹36,000 paid for 12 months.
Current period = 4 months.
Find:
Current Expense
Prepaid Expense
Adjustment Entry
Question 2
Rent ₹48,000 paid for 12 months.
Current period = 6 months.
Find:
Current Rent
Prepaid Rent
Adjustment Entry
Question 3
Advertisement ₹20,000 paid, out of which ₹5,000 relates to future period.
Prepare the adjustment entry.
🎯 Learning Outcomes
Lesson complete hone ke baad student:
Prepaid Expense ko clearly define kar payega.
Prepaid Expense aur normal expense mein difference samajh payega.
Prepaid Expense ko current asset ke roop mein identify kar payega.
Insurance aur Rent jaise prepaid expenses calculate kar payega.
Prepaid Expense ki adjustment entry bana payega.
Tally Prime mein F7 Journal Voucher use kar payega.
Current aur future period ke expense ko separate kar payega.
Prepaid Expense ka P&L aur Balance Sheet par effect samajh payega.
Outstanding aur Prepaid Expenses ka difference practically explain kar payega.
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