Consignment sales in Tally

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The concern i work is into trading of goods which are partly sent on consignment to different cities in india & partly local sales.

We are using tally 9. I want to learn journal entries of consignment sales using tally.

I request the members of this club to provide me with journal entries using tally along with ledger creation ( groups under which accounts like consignmen a/cs to be taken).

I also want the sales tax treatment of consignment sales.

I referred to b.s.raman & shukla & grewal text books but couldn't do the entries in Tally.

please kindly provide me a solution.

 

Replies (7)

Hi.. Pl refer Tally 9 for the same and it will guide u whole details of JV / VAT / CST including ledger creation and postion and accounts Head .

Kalpesh Mehta

kmehtasons @ sify.com

 

Telly 9 help guide refer

Sir,

I don't have the tally 9 guide . so can you suggest the steps in the creation of appropriate accounts & the journal entries for the same.

I am referring to consignment accts and not joint venture accts

Originally posted by :mithali
"




The concern i work is into trading of goods which are partly sent on consignment to different cities in india & partly local sales.
We are using tally 9. I want to learn journal entries of consignment sales using tally.
I request the members of this club to provide me with journal entries using tally along with ledger creation ( groups under which accounts like consignmen a/cs to be taken).
I also want the sales tax treatment of consignment sales.
I referred to b.s.raman & shukla & grewal text books but couldn't do the entries in Tally.
please kindly provide me a solution.
"


 

Dear Mithali,

I think in Tally you may pass a Sales/Purchase entry using the VAT/Tax Classification "Consignment Branch transfer Outwards/Inwards". which will display in VAT compuation and Reports also.

With regards,

Subramanya R

How is sale and purchase accounted in the books of consignee? How is closing stock valued? Please provide the necessary journal entries also? urgent reply needed please?

I WOULD ALSO LIKE TO KNOW....

 

 

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