Trimurthy Traders(Proprietor : Mr. Surya Krishnamurthy) - Transaction No.236 of Practice Sheet-12, Payment Voucher No.187

Practice Sheet - 12 (Transactions for the month of March' 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 : 02/03/2022 (Transaction No. 236)

₹7,500/- paid towards Advance Income Tax for the A.Y-2022-23 vide e-challan No-INB0523246 from Axis Bank Current Account.

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 'Advance Income Tax A/c' under group 'Capital Account'

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.

Kalp Accounting Learning Articles