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List of Transactions-Wholeseller @ Tally.ERP 9
Transactions for January 2014

SNo.

DATE

TRANSACTIONS

87 )

1-1-2014

Mr. Rai paid salaries and rent by cheque for December 2013.

i. Make an entry of the transaction in a Bank Payment voucher.
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SNo.

DATE

TRANSACTIONS

88 )

2-1-2014

Mr. Rai deposited Rs.1,20,000 cash in ICICI Bank.

i. Make an entry of the transaction in a Contra voucher

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SNo.

DATE

TRANSACTIONS

89)

5-1-2014

Mr. Rai paid VAT due for December 2013 by cheque.

i. Make an entry of the transaction in a Bank Payment voucher
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SNo.

DATE

TRANSACTIONS

90 )

8-1-2014

Mr. Rai purchased the following items on credit from X-Tech Services, Orissa.

Item

Qty. in Pcs.

Rate

Value

Input CST

Total Amount

Submersible Pumps

50

1800

90000

4%

93600

 

i. Create group 'Tax on Purchases' (under Purchases Account).

Note: Select Appropriate by Value in the field Method to Allocate when used in Purchase Invoice. Retain default settings for the other fields and accept the group creation.

ii. Create ledgers


1. X-Tech Services (under Outstation Creditors).
Note:
In the mailing and related details, select state Orissa.

2. Purchases CST (under Purchases Account).
Set the field Used in VAT returns to Yes and select Inter-State Purchases as the VAT/TaxClass.

 

 

3. Input CST @ 4% (under Tax on Purchases).
Set the field Used in VAT returns to Yes and select Inter-State Purchases as the VAT/TaxClass.

 

 

 

iii.      Make an entry of the transaction in a Purchase Voucher

 

Note : Ensure that As Invoice and Item Invoice buttons are activated, as the purchase entry has to be recorded as an item invoice.

 

Note : Rate of 4% for Input CST @ 4% should be entered manually.

 

Ensure that accounting details are as given.

 

Particulars

VAT/Tax Class

Amount

Purchase – CST

Inter-State Purchases

90000

 

Form to Issue : Select C Form
 
 
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SNo.

DATE

TRANSACTIONS

91)

12-1-2014

Mr. Rai decides to have a Price List for his Customers. The Price Level where decided on the basis of Old and New Customers are also the volume of items purchased by them..

PRICE LIST FOR OLD CUSTOMERS

Items

0-20

Discount

20-50

Discount

50-Above

Discount

High Capacity Stabilizer

850

Nil

850

5%

850

7%

Open Well Pumps

1600

2%

1600

5%

1600

6%

 

PRICE LIST FOR NEW CUSTOMERS

Items

0-20

Discount

20-50

Discount

50-Above

Discount

Submersible Pumps

2500

Nil

2500

4%

2500

8%

 

i.        Create Price List for Old Customers and New Customers

 

To allow multiple price levels for customers in the company’s account books, in Tally, set the following.

 

  1. In F11 : Features > Inventory Features set Use Multiple Price Levels to Yes.

 

  1. Enter details as shown in the Company Price Level screen.

 

 

To Create Price List for Customers

 

Go to Gateway of Tally > Inventory Info. > Price List > Select All Items from name of group list to view the Price List screen.

 

1.       Enter the Price Level details as shown in the figure…

 

 

The method of creating Price List for New Customers is the name as that for old customers. Ensure that the price list details for new customers as as given in the Table..

 

 

Name of Items

Quantities

Rate/Nos

 

Discount %
( if any)

 

From

Less than

Submersible Pumpls

 

 

-

20 nos

2500/nos

-

20 nos

50 nos

2500/ nos

4%

50 nos

-

2500/nos

8%

 

 
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SNo.

DATE

TRANSACTIONS

92

14-1-2014

Mr. Rai sold the following items to Soft Touch Traders

 

Items

Qty.

Rate

Discount

Value

Output VAT

Total Value

Submersible Pumps

30

2500

4%

72000

4%

74880

i.        Create Ledger – Soft Touch Traders ( under Outstation Debtors)

 

Note : Pricing level applicable : Select New Customers from Price Levels list at the time of ledger creation.

 

 

ii. Make an entry of the transaction in a Sales voucher

 

Note: Ensure that As Invoice and Item Invoice buttons are activated. This is because the sales entry has to be recorded as an item invoice. Set Separate Discount column on Invoices in Fli: Features Inventory Features to Yes. Record the sales transaction in a sales voucher using voucher class Sales @ 4%.

 

1. Party’s AIc Name: Soft Touch Traders.


2. Price level: New customers is automatically displayed on selecting the party.


3. Ensure that the sales invoice entries are as given in the following table.

 

Name of Item

Quantity

Rate

Per

Discount %

Amount

Submersible Pumps

30 nos

2,500

nos

4%

72,000

Output VAT @ 4%

4%

-

-

2,880

 

 
<------------------------------------------------------------------------------------------------------------->

SNo.

DATE

TRANSACTIONS

93)

15-1-2014

Mr. Rai withdrew Rs.13000 from ICICI Bank for personal use.

i. Make an entry of the transaction in a Bank Payment voucher.

<------------------------------------------------------------------------------------------------------------->

SNo.

DATE

TRANSACTIONS

94)

20-1-2014

Mr. Rai withdrew capital of Rs.5,00,000 from the firm by cheque.

i. Make an entry of the transaction in a Bank Payment voucher.
<------------------------------------------------------------------------------------------------------------->

SNo.

DATE

TRANSACTIONS

95)

25-1-2014

Mr. Rai received a cheque from Soft Touch Traders for sales made on 14-01-2014

i. Make an entry of the transaction in a Bank Receipt voucher
<------------------------------------------------------------------------------------------------------------->

SNo.

DATE

TRANSACTIONS

96)

30-1-2014

Mr. Rai received the statement of expenditure from petty cashier January 2014. The statement is as follows

Nature of Expense

Amount

Conveyance expenses of marketing executives

500

Shop maintenance expenses

450

Electricity Charges

350

Cell phone Bill

800

i. Make an entry of the transaction in a Journal Voucher

<------------------------------------------------------------------------------------------------------------->

SNo.

DATE

TRANSACTIONS

97) )

31-1-2014

VAT Adjustment Entry

i. Make an entry of the transaction in a Journal voucher (F:7 )

 

Dr.     Output VAT @ 4 %                   2880          

 

Cr.               VAT Adjustment A/c                           2880

<------------------------------------------------------------------------------------------------------------->

SNo.

DATE

TRANSACTIONS

98 )

31-1-2014

Provision entry to transfer balance from VAT Adjustment account to VAT Payable account.

i.        Make an Entry of the transaction in a Journal Voucher

 

Dr.     VAT Adjustment    A/c     2880

 

Cr.     VAT Payable A/c              2880

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Tally.ERP9 Report
  1. Unit Objectives
  2. Modifying Reports (Options)
  3. Balance Sheet
  4. Profit & Loss Account
  5. Stock Summary
  6. Trial Balance
  7. Day Book
  8. Books of Accounts
  9. Statement of Accounts
  10. Inventory Books
  11. Statutory Reports
  12. List of Accounts ( Chart of Accounts)
  13. Exception Reports
  14. Printing Reports
Tally.ERP9 MIS and Other Reports
Q-Base [ F.A.Q.]
Question Base [F.A.Q.]- Centreal Sales Tax (CST) @ Tally.ERP 9
Question Base [F.A.Q.] on EXCISE for DEALER @ Tally.ERP 9
Question Base - EXCISE for MANUFACTURER @ Tally.ERP 9
Question Base [F.A.Q.]- 'JOB Costing' @ Tally.ERP 9
Question Base - PAY-ROLL @ Tally.ERP 9
Question Base [F.A.Q.]- Point Of Sale (POS) @ Tally.ERP 9
Question Base [F.A.Q.]- Service TAX @ Tally.ERP 9
Question Base [F.A.Q.]- Technology & Utility @ Tally.ERP 9
Question Base [F.A.Q.]- Value Added Tax (VAT) @ Tally.ERP9
 
Reports @ Tally.ERP 9
 
 
 
 
Company Information @ Tally.ERP9
 
Group & Ledger

Introduction
1. THE GROUP
2. THE LEDGER
3. VOUCHERS TYPES

Advanced Inventory / Stock
Meaning
Order Processing
Re-Order Levels
Tracking Numbers
Batch-wise Details
Additional Cost Details
Bill of Materials (BOM)
Price Lists and Price Levels
Stock Valuation
Zero Valued Entries
Inventory Ageing Report
Actual and Billed Quantities
Advanced Usage of Vouchers
Maintain Bill-wise Details
Cost Center and Cost Category
Interest Calculation
Reversing Journals
Post-Dated Voucher
Memo (Memorandum) Voucher
Optional Voucher
Using Tracking Number
Statutory & Taxation
Utilities & Others @ Tally.ERP9
Credit Limits
Knowledge Base @ Tally.ERP9
Stock Items
Stock Groups
Inventory Masters
Inventory Vouchers
Inventory Report Statements
Balance Sheet
Accounting Reports
Accounting Vouchers
Interest Calculation
VAT-Value Added Tax
Service Tax
TDS (Tax Deducted at Source)
Disclaimer

The names of Companies and persons used in this Website have been used for illustrative purposes only.
The visitors may visit www.tallysolutions.com , the web site of Tally Solutions Pvt. Ltd. for resolving their doubts or for clarifications

Trademark :

Tally, Tally 9, Tally9, Tally.ERP, Tally.ERP –9, Tally.Server 9, Tally.NET & Power of Simplicity are either registered trademarks or trademarks of Tally Solutions Pvt. Ltd. in India and/or other countries. All other trademarks are properties of their respective owners. This Website is not associated with any product or vendor mentioned in this Website.

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