Entries in tally ERP 9

What Reason for the Credit Note...?

In Tally  Erp  9   in F7   pass J.E for   Purchase of  Computer  in the books of   Mahesh & co 

Put  Invoice no &  date 

1)  Computer                  A/c      Dr                45000

     Input  CGST              A/c       Dr                  4050

     Input   SGST             A/c        Dr                  4050 

     To   Techno System   A/c        Cr                                     53100

( Being purchase of computer  vide  invoice no --  Dt --- )   

 

 

you want  credit  note entry  in CLTR 9  in Tally  Erp  ,May  be for  price or  other reasons will be  in books of   Techno System 

2)  Sales  Return    A/c        Dr    4500

      CGST                 A/c       Dr       450

      SGST                 A/c        Dr       450 

      To Mahesh & co   A/c                             5400

(  credit  note  vide note ---  dt ---  against  invoice no ----dt ---) 

 

 

@ my dear Mr Prasad Nilugal...

Can You recheck Your reply with purchase entry to CN entry...?

Without credit note reason then How you reply into SALES RETURN...?

Is it SALES RETURN or PURCHASE RETURN...?

If it's PURCHASE RETURN (or SALES RETURN as per You) then Why you account the same (purchase) under Computer Account...?

Reason mentioned in Credit note is ₹ 3000/- for Sales Discount and ₹ .2000/- for Others.

Are You purchased the Computer for sales or using your business...??

Sales  return  for  Techno  & co  ( credit Note )   and   Purchase  for  Mahesh &co  because  Credit  note  will  only be prepared  by  Techno& co   and as per query  credit Note is issued  by  Techno & co . 

Dear Mr Prasad Nilugal...

Here I'm not asking where/Who issued the notes...

as per Your said accounting entry the purchase posted in computer ledger then Why it's not debit same to computer ledger...?

As per Your reply it's under computer then debit note (credit note from supplier) accountability into computer head only...

Am I right...?!

Sales for Customers..

If the said transactions for Purchase and Sales process then Not accountable in Computer head (as FA). In case they will maintain stock wise details and process then they will account in Computer (as stock ledger).

Otherwise it's acceptable under purchase account and Purchase return also reversible in purchase account...

If computer account (as stock) then it's reversible on the same head or PandL account as income (discount received)

Here is no Puchase Return.The buyer Purchased only one Computer with Taxable Value ₹ 45000+18% GST.The Seller dealer issued a Credit note for Price difference ₹ 2000+Discount ₹ 3000.

Hello...
Ask Your query with details without confusion h Confusing......


The Computer for office use or sale by purchaser...

Computer purchased for Sales .

Just reverse the Rate difference to purchase account...

Discount amount entered to PandL account Discount Received ledger (under indirect income)...

Dear Rajaji Sir .The following entries are correct or false confirm it.
STEP-1
Purchase Account
Cr - Techno Systems ₹.53100
Dr- Computer Purchase ₹.45000
Dr - CGST @ 9% ₹ .4050
Dr- SGST @ 9% ₹ 4050
STEP-2
in debit note entries as follows
Dr- Techno System ₹ 5900
Cr- Computer Purchase Ac ₹ 5000
Cr- CGST @ 9% ₹ 450
Cr- SGST @ 9% ₹ 450

Total Taxable Value of Computer = ₹ 45000-5000=₹ 40000
Total CGST =₹ 4050-450= ₹ 3600
Total SGST= ₹ 4050- 450 =₹ 3600
Total Credit of Techno Systems = (45000-5000) + (4050-450) +(4050-450)= 40000+3600+3600= 47200.