How to enter Receipt Voucher in Tally Prime ?

The receipt voucher is done in when the company gets the amount. If the money comes through the sundry debtors or any income, the transaction will be enter in this voucher. The amount coming to the company can come in any form i.e. cash or bank cheque.

F6 is the key to open the receipt voucher.

Let’s learn how to enter receipt voucher in Tally prime.

ASSIGNMENT

  1. Date : 01-05-2021. Commission received in cash (opening balance Rs. 1,00,000/- )
  2. Date : 02-05-2021 Rents received in cash – Rs. 20,000/-
  3. Date : 01-06-2021 Cheque of SBI (opening balance : Rs. 50,000/-) Received from JJ industries – Rs. 2,00,000/-
  4. Date : 02-06-2021 Profit on sale of scrap through cash – Rs. 2,000/-
  5. Date : 01-07-2021 Cheque of SBI received for rents – Rs. 4,000/-

SOLUTION

We have to create the ledgers first, to record any voucher. We cannot record a voucher with out having ledger. Let’s create ledgers from the above transactions.

  • Open Tally Prime
    • Gateway of Tally
      • Account Masters
        • Create
          • Ledgers
  • NAME : Commission Received <Press Enter>
    • UNDER : Indirect Incomes (Select the group from list) <Press Enter>
      • OPENING BALANCE : <skip the field> <press enter >
        • Accept _ Yes
  • NAME : Rents Received < Press Enter >
    • under : Indirect Incomes (Select the group from list) <:Press enter >
      • opening balance : <skip the field> <press enter >
        • Accept_ Yes
  • NAME : SBI <press enter >
    • Under : Bank Accounts <Select the group from list) <press enter >
      • opening balance : <enter the opening balance amount> 50,000
        • Accept_ Yes
  • NAME : JJ industries <press enter >
    • Under : Sundry Debtors <select the group from list) <press enter >
    • Maintain Balances bill by bill : No
      • opening balance : <enter the opening balance amount Rs. 2,00,000> <perss enter>
        • Accept_ yes
  • NAME : Profit on sale of scrap < press enter>
    • Under : Indirect Incomes (Select the group from list) <press ener>
      • Opening Balance : <skip the field> <press enter>
        • Accept_ Yes

ALTERING THE CASH LEDGER TO ADD OPENING BALANCE :

  • Gateway of Tally
    • Account Masters
      • Alter
        • select “Cash” ledger and press enter
          • Now enter opening balance Rs. 1,00,000/-
            • Accept _ Yes

RECEIPT VOUCHER ENTRY

  • Gateway of Tally
    • Transactions
      • Vouchers
        • Press F6 for receipt voucher

We can enter receipt voucher in two ways.
1. Single entry mode
2. Double entry mode

SINGLE ENTRY MODE

We need not to know the terms of debit and credit and ancillary rules of accountancy to enter the transactions in single entry mode. Apart of Narration & Date field, there are three fields only in single entry mode.

At Account field, we can select the receipt mode, that is cash or cheque. And at Particulars field , we have to specify the income or debtors ledgers. At Amount field, we enter the transaction amount.

DOUBLE ENTRY MODE

In this mode, we have to know the rules of debit and credit. We have to specify the ledgers which comes in debit side and which comes in credit side.

Important Note :

CTRL + H is the key to select the mode Single entry and double entry in payment, receipt and contra vouchers.

HOW TO ENTER RECIEPT VOUCHER IN SINGLE ENTRY MODE

Let’s see the first problem in the above assignment :
(Commission received in cash)

  • Press ALT + F2 to change date
    • From : 01-04-2021
    • To : 31-03-2021
  • Press F2 to change Date
  • Account : Cash <Select from the list of ledgers> <press enter>
  • Particulars : Commission Received <Select from the list of ledgers>
  • Amount : 1,00,000 <press enter>
  • Narration: Commission received for sales through cash <press enter>
  • Accept_ Yes

2nd problem:
Rents received in cash

  • Account : Cash
  • Particulars : Interest received
  • Amount : 20,000
  • Press Enter, Accept_ Yes

3rd problem:
Cheque of SBI recieved from JJ Industries

  • Account : SBI
  • Particulars : JJ Industries
  • Amount : 2,00,000
  • Press enter
  • Accept_ Yes

4th Problem:
Profit on sale of scrap through cash

  • Account : Cash
  • Particulars : Profit on sale of scrap
  • Amount : 2,000
  • Press enter
  • Accept_ Yes

5th Problem:
Cheque of SBI received for rents

  • Account : SBI
  • Particulars : Income from Rents
  • Amount : 5,000
  • press enter
  • Accept_ Yes
RECEIPT VOUCHER

SEE MORE :

Advertisements