Trimurthy Traders(Proprietor : Mr. Surya Krishnamurthy) - Transaction No.91 of Practice Sheet-5, Payment Voucher No.73 - Entry in TallyPrime

Practice Sheet - 5 (Transactions for the month of Aug' 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 : 31/08/2021 (Transaction No. 91)

Amount paid to United India Assurance Company towards Stock Insurance for ₹3,210/- for the period from dt.01/09/2021 to dt.31/08/2022.

Journal Entry

Let's see how to enter the above transaction in TallyPrime.

Steps to enter in TallyPrime.

Go to Voucher Entry Screen

Press 'F5' or click on 'F5:Payment' 

Press 'F2' or click on 'F2:Date' to enter Date of Voucher/Date of Transaction.

Create Ledger Name 'Insurance Expenses A/c' under Group 'Indirect Expenses'.

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

Press 'Ctrl+A' to Accept/Save Voucher.

Now Voucher Entry for the above transaction is Complete.