Trimurthy Traders(Proprietor : Mr. Surya Krishnamurthy) - Transaction No.202 of Practice Sheet-10, Debit Note No.1 - Entry in TallyPrime

Practice Sheet - 10 (Transactions for the month of Jan' 2022)

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 : 31/01/2022 (Transaction No. 202)

Goods returned to Sagar Traders, Odisha for ₹20,060/- due to found defective as per Debit Note No-1 against Invoice No-KA/1493.

Item/Product/Taxable Value ₹17,000/-, CGST ₹1,530/- and SGST ₹1,530/-

Total Debit Note Value is ₹20,060/-(i.e Taxable Value ₹17,000/-, CGST ₹1,530/- and SGST ₹1,530/-).

See the Debit Note details below.

Project Practice Sheet 10 - Debit Note No.1 - Sagar Traders

Journal Entry

Journal Entry for Goods Return to Creditor(Purchases Return).

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

Steps to enter in TallyPrime

Press 'V' or select and press 'Enter' on 'Vouchers' of GOT(Gateway of Tally) Screen.

Press 'Alt+F5' to activate Voucher type 'Debit Note'(or click on 'F10: Other Vouchers', click on 'Debit Note Alt+F5')

Debit Note Entry in TallyPrime

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

If 'Item Invoice' mode is not active. Press 'Ctrl+H' or click on 'H:Change Mode'.

Select and Press 'Enter Key' on 'Item Invoice'.

Party A/c Name : Select and press 'Enter Key' on 'Sagar Traders, Odisha A/c'

Create Ledger Name : 'Purchases Return A/c' under Group 'Purchase Accounts'

Purchase Return Entry in TallyPrime

Ledger Account : Select and press 'Enter Key' on 'Purchases Return A/c'

Enter all 'Stock Items' 

CGST Ledger Account

SGST Ledger Account as shown in the image below.

Purchase Return Entry in TallyPrime

Debit Note Entry in TallyPrime

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

Now Voucher Entry for the above transaction is Complete.


Location: Bhubaneswar, Odisha, India

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