KADG - T11 SALE1 Journal Entry in TallyPrime with Final Accounts

Practical Accounting Project on Proprietorship Trading Business (T11 SALE1)

In this Practical Accounting Project, We are learning Journal Entry in all type of Digital Accounting Software, but as the Time constrain and Indian Scenario, we have taken the example of TallyPrime entry with screenshot and references here.

So, anyone can do the same transactions, as refer in this page with TallyPrime, which is also similar or little bit different in screen look only, if you choose any other Accounting Software like Zoho books, QuickBooks, BUSY, Vyapaar , Marg etc and many others. 

The Transaction Process, that are given step by step is almost same and perfect for Digital Accounting ecosystem.

Digital Books of Account using TallyPrime

KA DIGITAL WORLD (KADG)

Transaction No.11(T11), Sales Voucher No.1(SALE1) Entry in TallyPrime

Learning Objective from this Post :

  • Journal Entry for Credit Sale of Trading Goods.

  • Creation of Sundry Debtor Ledger Account under Group 'Sundry Debtors' using TallyPrime

  • Sales Ledger Account Creation 

  • CGST and SGST Ledger Account Creation under Group 'Duties & Taxes'

Business Details with Address

Trade Name : KA DIGITAL WORLD

Financial Year 2025-26, Assessment Year 2026-27

Address : Bhubaneswar, Khurda, Odisha, India, PIN - 751001

Constitution/Style of Business : Proprietorship

Nature of Business : Retail and Wholesale Trading of Computer, parts and accessories.

GSTIN - 21ABDAC5162K1ZM

  Transaction No.11   

Date : 02/04/2025

Goods sold to Rahul Sharma, Cuttack, Odisha, for ₹3,48,513/- as per Sales Invoice No.1

Sales Invoice

Journal Entry :

Journal Entry for Credit Sale of Taxable Goods

Steps to enter in TallyPrime

On Gateway of Tally Screen,

Press 'V' or select and press 'Enter' on 'Vouchers'

Press 'F8' or click on 'F8:Sales' for Sales Invoice/Voucher Entry 

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

Press 'Alt+C' on 'Party A/c name' to create Debtor's Ledger Account under group 'Sundry Debtors'

Debtor's Ledger Creation in TallyPrime

Party Ledger Entry in TallyPrime during Sales Invoice preparation

Press 'Alt+C' on 'Sales ledger' to create Sales Ledger Account under group 'Sales Account'

Sales Ledger creation in TallyPrime

 
Sales Invoice Entry in TallyPrime

Press 'Alt+C' to create CGST & SGST Ledger Accounts under group 'Duties & Taxes'

Central Goods & Services Tax Ledger Creation in TallyPrime
 
State Goods & Services Tax Ledger Creation in TallyPrime

Sales Invoice Entry in TallyPrime

Press 'Ctrl+A' or 'Y' or 'Enter' to Accept/Save Voucher.

Now Voucher Entry for the above transaction is Complete.

You can check Profit & Loss Account and Balance Sheet after this Sales Invoice Entry.

Profit & Loss Account :

Profit & Loss Account view in TallyPrime

Balance Sheet :

Balance Sheet View in TallyPrime

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