Home GST in Tally Tally gst contra entry in tally - lesson 24

gst contra entry in tally - lesson 24

GST TALLY LESSON-24

Dt: 30.11.2017: VASU & CO open Axis Bank Current A/c and deposit Rs.10,000 to into Bank.

For the above transaction, you have to create two ledgers in tally

1) Axis Bank Current A/c and

2) Cash

Note: By Default, cash ledger is created by Tally. So no need to create cash ledger. Create only Axis Bank Current A/c ledger.

How to create Bank Account ledger in Tally

> From Gateway of Tally > Accounts Info > Ledgers > Create

Hint: Shortcut key from Gateway of Tally: ALC

In the Ledger Creation Window enter the following Information.

> Enter Ledger name: AXIS CURRENT A/C

> Select Under Group: Bank Accounts

> Enter Bank Account Details

A/c Holder's Name: VASU & CO
A/c No: 123456123456
IFS Code: Enter 11 digits IFS Code: Eg: UITB0000042
Bank Name: Select Bank Name. Eg: Axis Bank (India)
Branch: Enter your branch Name: Eg: SP Road

and enter other information (i.e: Cheque Book Details, Cheque Printing Configuration, Bank Address, Country, State and GST No) & press ctrl+A to save bank account ledger

create bank ledger in tally

Note: Take care of entering this information. Because this information may be reflected in Invoice

How to Enter contra entry in tally
Note: Use Contra Voucher when Cash Deposit, Cash Withdrawn, Funds transfer between in your internal account.

> From Gateway of Tally > Accounting Vouchers > F4: Contra

> Select F2: Date (30.11.2017)

> Account: Select AXIS CURRENT A/C
Hint: Select Account as Receiver. In this example receiver is Axis Current A/c. So Select Axis Current A/c.

> Particular: Select Cash and enter Rs.10,000

> Enter Denominations Details and narration & press Ctrl+A to contra entry.