ASSIGNMENT Company received a job from Tech Industries to update their all desktop computers Company appointed Mr. Tarak to update their all computers Company purchased the following items with GST @ 12% and stored at Rajam godown.. Ref No: Pur/SS/001 from SS Technologies (State : Andhrapradesh) RAM – 15 Pcs @ Rs. 1,050/- CPU –Read More »
ASSIGNMENT Company has decided to produce a BODY LOTION. To produce that new product required raw materials are as follows Finished Goods : Body Lotion (U.O.M – ML) Raw Materials: (U.O.M – ML) For 1000ML of Body Lotion Aqua — 80 ML Glycerin – 33 ML Caprylic / Capric Triglyceride – 30 ML Isopropyl MyristateRead More »
ASSIGNMENT Company purchased the following items including GST Taxation from Techno Companies (State : Andhra Pradesh) with ref no : Pur/Tech/3400 and stored at Rajam Godown S.No Item Name Quantity Rate GST% 1 Item – A 20pcs 1500 5 2 Item – B 15pcs 2200 18 3 Item – C 35pcs 1400 18 4 ItemRead More »
ABOUT PURCHASE VOUCHER Purchase Voucher Key is F9 Use CTRL + H to change the mode to Item Invoice / Accounts Invoice / Voucher Mode Use Item Invoice to record the purchases with items. Use Accounts Invoice to record the purchases with services. Use Voucher mode to record the purchases in debit and credit mode.Read More »
Debit and Credit are most important terms in Accountancy. The entire accounting system depends on Debit and credit. Every transaction must has debit and credit terms. Some Transactions may have more than two ledgers at debit side and only one ledger at credit side. And some more transactions may have more than two ledgers atRead More »
WHAT IS SALES ORDER ? If our company received an order from Sundry Debtors to sell goods or services, It should be recorded in this voucher. In the order, how many items have been ordered? Which items got the order ? All things like customer is asking for delivery of items should be specified. CTRLRead More »
Tally allows users to record purchases and sales transactions under GST taxation. The transaction cab be intrastate, interstate, or fixed assets. Intrastate trade means the purchase or sales taken place in the same state. Interstate transaction means the purchase or sales made place between two different states. How to record intrastate purchases in Tally ?Read More »
In Tally, Payment, Receipt and Contra Vouchers are accounting vouchers. The key for payment voucher is F5 , contra is F4 and receipt is F6. Lets have a explanation for these vouchers. What is Payment voucher in Tally? Payment voucher uses to record all payment related transactions. Company makes payment in different modes. Payment modeRead More »
Generally, we record purchase and sales voucher when items bought and sold. At the time of voucher entering, we specify the rates and discount of item and discount also if it has. Every time we repeat this, when purchase and sales transaction takes place. In Tally ERP 9, standard rates feature allows user to predefinedRead More »
Usually, Manufacturer needs raw materials to produce some item / product. Each raw material item needs in some specific amount of quantity to manufacture the product. By enabling BILL OF MATERIALS concept in Tally, you can setup required quantity of materials to produce the item. And in the concept of Multiple Bill of Materials, youRead More »
SALES ORDER (ALT + F5) Sales Order is an order voucher in Tally ERP9. When we receive an order from the customer to purchase goods/services from our company, then we can use SALES ORDER PROCESSING. The purchase orders which we received from the customer should be entered in SALES ORDER. According to Sales Order, StoresRead More »
Usually, the company buys and sells goods on a credit basis from parties. We can use purchase and sales vouchers to enter the transactions said earlier. Then, Tally generates outstanding reports for payable and receivables automatically.For Example:We purchased goods from ABC Electronics for Rs. 30000/- on a credit basis. On 01/04/2020.We can record the purchaseRead More »
Batch wise details are a part of inventory management. Batch wise information useful where perishable goods like medicines, sea-food, dairy products (ex: ice creams, butter, milk), fruits and vegetables, flowers and meat & poultry, etc. Batch-Wise Details is used widely in pharmaceutical industries as compared to other sectors.We can maintain Manufacturing dates and Expiry datesRead More »
COST CENTER CLASSES can be used to load automatically Cost category and Cost center allocations during the voucher entry. If you do not want to specify cost center and cost category details during voucher entry, then use the feature COST CENTER CLASSES. For that, You need to pre-define cost center details and percentages by creatingRead More »
ASSIGNMENT Company purchase the following Materials from Green Stone Materials and the material stored at Dolapeta Godown. Reference Number: GSM/001. Credit Days: 90 days. Date: April 01 2020.The Total Material is purchased for Project Works – Apartment and Villa. Share the Material For Project Apartment – 60% and Project Villa – 40% S.No Name ofRead More »