KADG - T64 DRN1 Journal Entry in TallyPrime with Final Accounts

Practical Accounting Project on Proprietorship Trading Business (T64 DRN1)

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.64(T64), Debit Note Voucher No.1(DRN1) Entry in TallyPrime

Learning Objective from this Post :

• Journal Entry for Goods Return to Sundry Creditor/Supplier.

• Inventory Purchase Return Note Entry in TallyPrime. 

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. 64  

Date : 02/06/2025

Goods Return to Taj Computer, Mumbai against Invoice No.182 dt.01/05/2025 for ₹46,551/-(₹39,450 + GST ₹7,101)

Due to it is an Inter-State transaction Total GST(IGST) is ₹7,101/- 

Return Product Detail : Dell PC I5 WIN - 1 No.

Serial No.2 of below mentioned Purchase Invoice.(Also can See/Click Transaction.22) 

Journal Entry :

Steps to enter in TallyPrime

On Gateway of Tally Screen,

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

Press 'F10' or click on 'F10: Other Vouchers' for Debit Note/Voucher Entry

Select and Press 'Enter' on 'Debit Note'

Or press 'Alt+F5' directly on Voucher Entry Screen. 

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

Press 'Alt+C' on 'Ledger Account' to Create 'Purchase Return' Ledger Account under group 'Purchase Account'.

Press 'Y' or 'Enter' to Accept/Save. 

Enter Goods Return details as per below mentioned image.

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

Now Voucher Entry for the above transaction is Complete.

Debit Note Print Preview : 

Reports after this Voucher(Debit Note) Entry

Trial Balance :

Profit & Loss Account :

Balance Sheet :

To view and practice all transactions of this project in a proper sequence,

Click this page link : PRACTICAL PROJECTS