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Steps to be Followed
- We first Select or Create Party
- Then Select or Create Sale Ledger
- And then Put item details
- Select Item or Create by using Alt C
- Put item Name .
- Select Unit or Create by using Alt C
- (If units in decimals, then decimal places are also put as 2
- Enter Enter or Ctrl A and Item is Created
- Put Quantity and Rate
- Amount is automatically calculated
- Enter Enter or do Ctrl A
Example 1
|
MY COMPANY Bill To -KISHORE IMPEX Inv No-2501 Dt 1 Jul |
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| SALES | QTY | Units | RATE | AMT |
| ITEM A | 2000 | Kg | 8 | 16000 |
| ITEM B | 4000 | pcs | 6 | 24000 |
| TOTAL | 40000 | |||
Pass Entry assuming Accounts with Inventory
View AnswerKishore Impex Dr 40000
To Sales A/c 40000
Item A 2000 Kg 8 16000
Item B 4000 pcs 6 24000
Example 2
|
MY COMPANY Bill to -KISHORE IMPEX Inv No-2502 Date:- 1 Sep |
||||
| SALES | QTY | Units | RATE | AMT |
| ITEM A | 2000 | Kg | 8 | 16000 |
| ITEM B | 4000 | pcs | 6 | 24000 |
| TOTAL | 40000 | |||
| ADD | ||||
| CGST 2.5% | 1000 | |||
| SGST 2.5% | 1000 | |||
| TOTAL | 42000 | |||
Pass Entry assuming Accounts with Inventory
View AnswerKishore Impex Dr 42000
To Sales Local 5% 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
Example 3
|
MY COMPANY Bill To-RAKESH ASSOCIATES Inv No-2503 Dt 1 Sep |
||||
| SALES | QTY(pcs) | Units | RATE | AMT |
| ITEM A | 3000 | Kg | 23 | 69000 |
| ITEM B | 8000 | pcs | 25 | 200000 |
| TOTAL | 269000 | |||
| ADD | ||||
| IGST 5% | 13450 | |||
| TOTAL | 282450 | |||
Kishore ImpexDr 282450
To Sales Interstate 5% A/c 269000
Item A 3000 Kg 23 69000
Item B 8000 pcs 25 200000
To Output IGST 2.5% 13450
Example 4
Cash Sales 1000 pieces Item B @ 30 per piece (5% GST Inclusive) on 1 Oct
Bill No is 2504
Pass Entry
View AnswerAmount after GST=30000
Amount Before GST=30000*100/105=28571
IGST@ 5%=28571*5%=1429
| AMT | 28571 |
| IGST 5% | 1429 |
| TOTAL | 30000 |
Cash A/c Dr 30000
To Sales Interstate 5% A/c 28571
Item A 1000 Kg 28.571
To Output IGST 2.5% 1429
(We put Quantity 1000 Kg and amount 28571,Tally automatically takes rate of 28.571)
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