How to pass Sales Entries Practice (Voucher Method)

Kishore Impex Dr   42000

    To Sales 5% Local A/c               40000

       Item A 2000 Kg 8 16000

       Item B 4000 pcs 6 24000   

   To Output CGST 2.5%           1000

   To Output SGST 2.5%           1000

Rakesh Associates Dr 282450 

       To Sales Interstate 5%                269000

       To Output IGST 5%             13450

Amount after GST=30000

Amount Before GST=30000*100/105=28571

IGST @ 5%=28571*5%=1429

Cash Dr   30000

      To Sales 5% Interstate  28571

         Item B 1000 pcs  28.57  28571

       To Output IGST 5%   1429

( We  put Quantity 1000 pcs & Amount 28571, Tally Automatically takes Rate of 28.571)

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Relevant Groups while Creating Ledgers of Sales

• Sales under Sales Accounts
• Party under Sundry Debtor
• Bank under Bank Account
• Cash Ledger already created

How to Pass Entry

Accounting Voucher--->Select Date-à Select Type of Entry----->. Select Sales Voucher

This also can be entered in Tally by 2 methods

• Double Entry Method (as a voucher)
• Invoice Method

Sale Entry by Double Entry Method

Click Ctrl V (as a voucher)

IN Dr Put party Name/Cash/Bank A/c

In Cr Put Sales A/c

We can put Item Details in Sale also by doing the following

STEPS TO BE FOLLOWED

1. In Company Info while Creating Company- Make Accounts With Inventory instead of Accounts Only
2. In Sale Ledger-Make Inventory Values are affected as Yes
3. Select Item or Create by using Alt C
4. Put item Name
5. Select Unit or Create by using Alt C (If units in decimals, then decimal places are also put a
6. Enter Enter or Ctrl A and Item is Created
7. Put Quantity and Rate
8. Amount is automatically calculated
9. Enter Enter or do Ctrl A