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Tally Prime Debit Credit Notes, Interest Calculation, Currencies (sscstudy
English Communication (AECC-1)
University of Delhi
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Debit and Credit Notes
Create Stock Item :Gateway of Tally >Create> Stock Items
Item Name Under Units Mouse Computer Pcs Keyboard Computer Pcs
Purchase :Gateway of Tally >Vouchers > Purchase F
Purchase No. 1 Supplier invoice no : 001 Party A/c Name :Computer Traders (Sundry Creditors) Purchase ledger : Purchase Name of Item Quantity Rate Per Amount Keyboard 25 Pcs 125 Pcs 3125 Mouse 25 Pcs 110 Pcs 2750 50 Pcs 5875
PURCHASE RETURN
Few purchase items are found defected and returned to supplier 2 Keyboard and 5 Mouse are defected and to be return back to (Purchase Return) We have to Create Credit Note of Returned items.
How to Create Debit Note
GOT->Display more reports->Account Book -> Purchase Register ->Voucher Register
Look for Purchase voucher of party, whom the material is being returned. In this case Computer Traders is Supplier.
Select the Computer Traders
Create Duplicate Voucher
Press Alt + 2 (To create duplicate voucher)
Accounting voucher creation (Duplication)
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F10: Other Vouchers > Debit Note (Alt+F5)
Accounting Voucher Creation (Duplication) Debit Note No. 1 Party A/c Name :Computer Traders Ledger Account : Purchase Name of Item Quantity Rate Per Amount Keyboard 2 Pcs 125 Pcs 250 Mouse 5 Pcs 110 Pcs 550 7 Pcs 800
Make Change in Voucher for only Quantity column ( returned quantity in place of original purchase quantity)
Check the Debit Notes Gateway of Tally> Display more reports>Accounts Book > Debit Note Register Further, we can check Outstanding Payable Gateway of Tally > Display more reports > Statement of Accounts > Outstanding > Payable
Sales :Gateway of Tally > Vouchers > Sales F
Sales No. 1 Party A/c Name :Sudhakar Kumar ( Sundry Debtors ) Sales ledger : Sales Name of Item Quantity Rate Per Amount Keyboard 10 Pcs 160 Pcs 1600 10 Pcs 1600
SALES RETURN
2 keyboard are defected and party returned back(Sales Return)
Create Credit Note
Gateway of Tally>Display more Reports>Account Book >Sales Register >Voucher Register
Look for Sudhakar Kumar Sales voucher (for Sales return)
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Interest Calculations
Interest is a legitimate return on money invested and chargeable in the business world on loans and also on delayed payments. Interest can be calculated on the basis of Simple or Compound Interest.
Activate Interest Calculation in Company
F11 : Company Features Show More Features : Yes Show all features : Yes Accounting : Activate interest calculation (Yes)
Activate Interest Calculation in Sundry Debtor Ledger
Create Ledger Ledger Name : ABC Pvt Ltd Under : Sundry Debtors Maintain bill by bill : Yes Default Credit Period : 40 days Check for credit day during voucher entry : Yes Activate Interest calculation : Yes New Window : Interest Parameters Press F 12: Configuration Use Advance Interest Parameters : Yes Calculate Interest Transaction by Transaction: Yes Rate 15 % per 365 days on Debit balance Only Applicability : Past Due Date by 0 Days from Due Date of Invoice
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Purchase Entry : Voucher > Purchase (F9) Party Name : Computer Traders Item : Mouse, Quantity : 20 Pcs, Rate : 150, Amount 3000 Sales Entry : Voucher> Sales (F8) Reference no.: 001 Party A/c name ledger: ABC Pvt Ltd Sales ledger: Sales( Create by pressing Alt+C, if not available) Name of Item Quantity Rate Amount Mouse 12 Pcs 160 1920
12 Pcs 1920
How to Check Interest Receivable Display > Statement of Accounts > Interest Calculations > Interest Receivable
Change Period to find the Interest on a Specific date :
F2 : Period Change Period : From : 1-4-2021 To : 1-3-
Opening Amt Pending Amt Interest 1920 Dr 1920 Dr 231 Dr 1-Apr-2021 1 1920 Dr 12-May-2021 1-Mar-2022 294 Days 15% 231 Dr
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$30 @ ₹ 73/$ = ₹ 2190.
Sales Entry : Gateway of Tally > Voucher > F
Reference no.: 001 Party A/c name ledger: Haider Enterprise Sales ledger: Sales
Name of Item Quantity Rate Amount
Pizza 5 Pcs $3 Pcs $15. Chips 5 Pkt $2 Pkt $10. $25 @ ₹ 80/$ = ₹ 2000.
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Tally Prime Debit Credit Notes, Interest Calculation, Currencies (sscstudy
Course: English Communication (AECC-1)
University: University of Delhi
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