Trimurthy Traders(Proprietor : Mr. Surya Krishnamurthy) - Transaction No.118 of Practice Sheet-7, Payment Voucher No.94 - Entry in TallyPrime

Practice Sheet - 7 (Transactions for the month of Oct' 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 : 01/10/2021 (Transaction No. 118)

Interest charged on HDFC Bank(Cash Credit) A/c for ₹27,036/-.

Journal Entry

Journal Entry for Interest charged on Bank Loan Account.

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 'Interest on Bank Loan A/c' under Group 'Indirect Expenses'.

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

Payment Voucher Entry in TallyPrime

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

Now Voucher Entry for the above transaction is Complete.

 

Location: Cuttack, Odisha, India

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