How to Pass Purchase Entries in Tally?
We know that Purchase Entry is of form
Purchase A/c Dr
To Party
Or
Purchase A/c Dr
To Cash/Bank
Example 1
Simple Purchase Bill
|
JAY AND CO Inv No 342 DT 1 JUL |
||||
| PURCHASE | QTY | Units | RATE | AMT |
| ITEM A | 10000 | Kg | 5 | 50000 |
| TOTAL | 50000 | |||
Pass Entry
View answer
Purchase Entry will be
1 JUL
Purchase A/c Dr 50000
To Jay and Co 50000
Relevant Heads
Purchase A/c is under Purchase Account
Jay and Co is Sundry Creditors
Modify Entry assuming Accounts with Inventory maintanied
View answer
Purchase A/c Dr 50000
Item A 10000 kg 5 50000
To Jay and Co 50000
Note:- Item A is a Stock item ,not a Ledger
Example 2
Simple Purchase Bill 2 items
|
JAY AND CO INV NO 355 DT 1 AUG |
||||
| PURCHASE | QTY | Units | RATE | AMT |
| ITEM A | 10000 | Kg | 5 | 50000 |
| ITEM B | 20000 | pcs | 4 | 80000 |
| TOTAL | 130000 | |||
Pass Entry
View answer
Purchase Entry will be
Purchase A/c Dr 130000
Item A 10000kg 5 50000
Item B 20000pcs 4 80000
To Jay and Co 130000
Relevant Heads
Purchase A/c is under Purchase Account
Jay and Co is Sundry Creditors
Example 3
PURCHASE BILL WITH GST
|
VK ENTERPRISES Inv No SEP/24 Dt 1 Sep |
||||
| PURCHASE | QTY | Units | RATE | AMT |
| ITEM A | 15000 | Kg | 6 | 90000 |
| ITEM B | 5000 | pcs | 6 | 30000 |
| TOTAL | 120000 | |||
| ADD | ||||
| CGST 2.5% | 3000 | |||
| SGST 2.5% | 3000 | |||
| TOTAL | 126000 | |||
Pass Entry
View answer
Without Inventory entry will be
Purchase 5% Local 120000
Input CGST 2.5% 3000
Input SGST 2.5% 3000
To VK Enterprises 126000
With Inventory Details,Purchase Entry will be
Purchase 5% Local 120000
Item A 15000 kg 6 90000
Item B 5000 pcs 6 30000
Input CGST 2.5% 3000
Input SGST 2.5% 3000
To VK Enterprises 126000
Relevant Heads
Purchase 5% local is Purchase Account
Input CGST & SGST is Duties and Taxes
VK Enterprises is Sundry Creditors
Example 4
PURCHASE BILL WITH IGST(INTERSTATE PURCHASE)
|
VIJAY TRADING CO Inv No VT-001 DT 1 OCT |
||||
| PURCHASE | QTY | Units | RATE | AMT |
| ITEM A | 5000 | Kg | 20 | 100000 |
| TOTAL | 100000 | |||
| ADD | ||||
| IGST 5% | 5000 | |||
| TOTAL | 105000 | |||
Pass Entry
View answer
Purchase 5% Interstate 100000
Input IGST 5% 5000
To Vijay Trading Co 105000
Modify Entry passed assuming Accounts with Inventory
View answer
Purchase 5% Interstate 100000
Item A 5000 kg 20 100000
Input IGST 5% 5000
To Vijay Trading Co 105000
Relevant Groups while Creating Ledgers of Purchase
- All types of Purchase under Purchase Accounts
- Party under Sundry Creditor
- Bank under Bank Account
- Cash Ledger already created
How to Pass Entry
Accounting Voucher --> Select Date --> Select Type of Entry --> Select Purchase Voucher
Options to Pass Purchase Entry
There are 2 options to pass purchase entry
- As a Voucher
- As an Invoice
DIFFERENCE
|
As a Voucher |
As an Invoice |
|
It shows proper debit credit at the time of passing entry |
There are no debits and credits We pass entry as if we are making a bill or invoice |
|
It is normally used when we are not maintaining inventory we are doing Accounts with Inventory (i.e maintaining Item Details)
|
It is normally used when we are doing Accounts with Inventory (i.e maintaining Item Details)
|
|
We have to ON this feature by clicking Ctrl V |
This feature appears by default when we click Purchase Voucher |
To Pass Entry by Double Entry Method
- Click Ctrl V (as a voucher)
- IN Cr Put party Name/Cash/Bank A/c
- In Dr Put Purchase A/c
- Add Item Details if doing Accounts with Inventory
Learn GST, TDS, Excel (with certification)