Trimurthy Traders(Proprietor : Mr. Surya Krishnamurthy) - Transaction No.185 of Practice Sheet-10, Purchase Voucher No.11

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 : 01/01/2022 (Transaction No. 185)

Goods purchased from J.N. Engineers Ltd, Punjab for ₹2,05,627.80 as per Invoice No-AB/20001345.

Item/Product/Taxable Value ₹1,80,210/-, IGST ₹25,417.80

Total Invoice Value is ₹2,05,627.80(i.e Taxable Value ₹1,80,210 + IGST ₹25,417.80).

See the Invoice details below.

Journal Entry

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

Steps to enter in TallyPrime

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

Press 'F9' to enter Purchase Voucher/Purchase Invoice.

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

Enter Supplier Invoice No. and Date.

Create Ledger Name 'JN Engineers Ltd, Punjab A/c' under Group 'Sundry Creditors'.

Party A/c Name : Select and press 'Enter Key' on 'JN Engineers Ltd, Punjab A/c'

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

Enter all 'Stock Items'

Create Ledger Name 'IGST' under Group 'Duties & Taxes'(IGST)

Enter 'IGST' Ledger Account as shown in the image below.

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

Now Voucher Entry for the above transaction is Complete.

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