Trimurthy Traders(Proprietor : Mr. Surya Krishnamurthy) - Transaction No.7 of Practice Sheet-1, Payment Voucher No.5 - Entry in TallyPrime

Practice Sheet - 1(Transactions for the month of April' 2021)

TRIMURTHY TRADERS

(Prop : Mr. Surya Krishnamurthy) 

Financial Year : 2021-22(April' 2021 to March' 2022)

Assessment Year : 2022-23(April' 2022 to March' 2023)

Date : 02/04/2021 (Transaction No.7)

Purchased Motor Cycle from M/s. S.K. Automobiles as per Cash Memo No-1001 for ₹65,700/-.

Journal Entry

Let's see how to enter the above transaction using Accounting Software TallyPrime.

Steps for Entry in TallyPrime.

On the GOT screen of TallyPrime.

Press 'V' or select and press 'Enter' on 'Vouchers'.

Press 'F2' to enter Date of Voucher/Date of transaction.

Create 'Motor Cycle A/c' under Group 'Fixed Assets', If not available in the List of Ledger Accounts. 

Place Debit Ledger Accounts and Credit Ledger Accounts as mentioned in the image below.

Place Debit Ledger Account(Motor Cycle A/c) where 'By' or 'Dr' shows.

Place Credit Ledger Account(Cash A/c) where 'To' or 'Cr' shows.

Press 'Y' or 'Enter' to Accept/Save Voucher.

Now Voucher Entry is complete for the above transaction.

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