Entery of Vat in Tally 7.2
This query is : Resolved
Prashant Kumar Gupta
(Querist)
22 March 2009
I received a Bill from Dealer its Details given blow:
Refind 360Tin @ 592.00 Rs/Tin Total 13120.00
Discount Received -1080.00
Input Vat @ 4% 481.60
---------------------------------------------
Sub Total 12521.60
Add: Insurance 1080.00
---------------------------------------------
Sub Total 13601.60
Less: Cash Discount -1080.00
---------------------------------------------
Amount Payable 12521.60
=============================================
Pls Tell me How can i do in Tally 7.2
Refind 360Tin @ 592.00 Rs/Tin Total 13120.00
Discount Received -1080.00
Input Vat @ 4% 481.60
---------------------------------------------
Sub Total 12521.60
Add: Insurance 1080.00
---------------------------------------------
Sub Total 13601.60
Less: Cash Discount -1080.00
---------------------------------------------
Amount Payable 12521.60
=============================================
Pls Tell me How can i do in Tally 7.2
CA. B.SRINIVASULU
(Expert)
22 March 2009
Purchases A/c Dr 12040.00
Input Vat at 4% Dr 481.60
Insurance Dr 1080.00
To Cash Discount received 1080.00
To Creditor (dealer name) 12521.60
(Being purchase made from_______ )
Please note that trade discount should be reducted and net should be accounted whereas cash discount should appear seperately.
This will help in filing both vat and it returns.
Purchases A/c Dr 12040.00
Input Vat at 4% Dr 481.60
Insurance Dr 1080.00
To Cash Discount received 1080.00
To Creditor (dealer name) 12521.60
(Being purchase made from_______ )
Please note that trade discount should be reducted and net should be accounted whereas cash discount should appear seperately.
This will help in filing both vat and it returns.
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