web analytics

This method appears by default when we click Purchase Vouchers

We use this method when we are doing Accounts with Inventory (i.e maintaining Item Details)

 

STEPS to pass Purchase Entries by Invoice Method

  1. We first Select or Create Party
  2. Select Purchase Ledger
  3. Put item details
  4. Select Item or Create by using Alt C
  5. Put item Name
  6. Select Unit or Create by using Alt C
  7. (If units in decimals, then decimal places are also put as 2
  8. Enter Enter or Ctrl A and Item is Created
  9. Put Quantity and Rate
  10. Amount is automatically calculated

 

Example 1

Simple Purchase Bill

JAY AND CO              Inv  No 342

                                 DT 1 JUL-16

PURCHASE QTY Units RATE AMT
ITEM A 10000 Kg 5 50000
TOTAL       50000

Pass Entry 

-a-

-ea-

Example 2

Simple Purchase Bill 2 items

JAY AND CO                    INV NO 355

                                     DT 1 AUG 2016

PURCHASE QTY Units RATE AMT
ITEM A 10000 Kg 5 50000
ITEM B 20000 pcs 4 80000
TOTAL       130000

Pass Entry

-a-

-ea-

Example 3

PURCHASE BILL WITH VAT

                       VK ENTERPRISES

Inv No SEP/24

Dt 1 Sep 2016

PURCHASE QTY Units RATE AMT
ITEM A 15000 Kg 6 90000
ITEM B 5000 pcs 6 30000
TOTAL       120000
ADD        
VAT 5%       6000
TOTAL       126000

Pass Entry

-a-

-ea-

Example 4

PURCHASE BILL WITH CST

VIJAY TRADING CO

Inv No VT-001

DT 1 OCT 2016

PURCHASE QTY Units RATE AMT
ITEM A 5000 Kg 20 100000
         
TOTAL       100000
ADD        
CST 2%       2000
TOTAL       102000

Pass Entry

-a-

-ea-

  1. Accounts Tax
  2. Tally
Ask Download

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 7 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .
Jail