Practical Accounting Project on Proprietorship Trading Business (T135 CRN2)
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.135(T135), Credit Note Voucher No.2(CRN2) Entry in TallyPrime
Learning Objective from this Post :
Journal Entry for Goods Return by the Customer/Debtor.
Inventory Sales 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. 135
Date : 01/09/2025
Goods Return Received from Shree Sales & Service, Bhubaneswar, Odisha, against Invoice No.15 dt.31/07/2025 for ₹89,154.90(₹75,555 + GST ₹13,599.90)
Due to it is an Intra-State transaction GST divided into two equal share.
CGST for ₹6,799.95, SGST for ₹6,799.95
Total GST ₹13,599.90
Return Product Detail : IBALL 16'' I7 LAPTOP - 1 No.
Serial No.2 of below mentioned Sales Invoice.(Also can See/Click Transaction.93)
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 Credit Note/Voucher Entry
Select and Press 'Enter' on 'Credit Note'
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.
Credit Note Print Preview :
To view and practice all transactions of this project in a proper sequence,
Click this page link : PRACTICAL PROJECTS
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