Trimurthy Traders(Proprietor : Mr. Surya Krishnamurthy) - Transaction No.11 of Practice Sheet-2, Purchase Voucher No.2 - Entry in TallyPrime

Practice Sheet - 2 (Transactions for the month of May' 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 : 01/05/2021 (Transaction No.11)

Purchased Goods from Sagar Traders, Odisha as per Invoice No-KA/1052 for ₹10,85,246/-.

Item/Product/Taxable Value ₹9,19,700/-, CGST ₹82,773/- and SGST ₹82,773/-.

Total Invoice Value is ₹10,85,246/-(i.e Taxable Value ₹9,19,700 + CGST ₹82,773 + SGST ₹82,773).

Journal Entry

Let's know how to enter the above Purchase Invoice in TallyPrime.

Steps to enter in TallyPrime.

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

Press 'F9' or click on 'F9:Purchase'

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

Create 'Sagar Traders, Odisha A/c' under Group 'Sundry Creditors'

(One can Create Ledger Account by pressing 'Alt+C' on Voucher mode or Create Ledger Account going back to GOT screen - Create - Ledger).

Press 'Alt+C' to create Stock Item.

Like wise create all the Five Stock Items available in Invoice No.KA/1052 received from M/s.Sagar Traders, Cuttack, Odisha.

Enter all the five Stock Items

Select and Enter on 'CGST'

Select and Enter on 'SGST'

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

Now Voucher Entry is complete for the above transaction.

Press 'Alt+P' to Print/Preview Voucher.

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