Live Course on Drafting of Appeal and Reply of Penalty Notice by CA Sachin Sinha. Register Now!!

Group head

Amit kr Jha (Student) (39 Points)

09 June 2016

Any cancelled bill comes under which group of tally?

Reply
Follow
Share

5 Replies

Vinayak Hegde (CA) (154 Points)
Replied 09 June 2016

I think it comes under Cash/Bank Group

Amit kr Jha (Student) (39 Points)
Replied 09 June 2016

If any retail invoice is cancel then?

Vinayak Hegde (CA) (154 Points)
Replied 09 June 2016

You can pass it through JV. But u can create separate heads in tally, like Debit note, credit note etc.

Amit kr Jha (Student) (39 Points)
Replied 09 June 2016

I made

Creditor's a/c Dr xxxxx

To Sales A/c xxxxxx

In Sales voucher & reversed in JV.

Is it correct entry or not ?

Vinayak Hegde (CA) (154 Points)
Replied 09 June 2016

If you pass debit note via JV, even though ledger accounts gets effected, Sales register does not reflect the same. The best way is you can enable Dr note feature and pass the entry through Dr note voucher.

to enable,
goto F11 features => F1 accounting features => use debit note/credit note => yes.

1 Like