Describe Sales and Purchase Vouchers in Tally ?
Sales Voucher
All the sales of the company, including cash sales are
entered using this voucher. This entry
would appear in both Sales Register and Cash Book. For this select the following:
Gateway of Tally>Accounting Vouchers>F8: Sales
Voucher
Here you have to remember that
the first entry must be a Debit involving any Debtor, or Creditor or
Branch/Division, Cash or Bank Account.
Second entry should be Credit to a ledger placed under Sales Account
group. Rest of the accounts may be any
Revenue Account (except Purchase) or Accounts under the Group Current
Liabilities, other than Sundry Creditors.
Thus you can include Duties and Taxes or other billing terms from 3rd
entry onwards. A typical Sales Voucher
involving several Billing Terms can be entered as follows:
Particulars Dr/Cr Debit
Credit
Name of Buyer Dr (Total Bill Amount)
Sales Account Cr (Sale Amount)
Duty/Tax Cr
(Tax Amount)
Packing charges Cr (Expenses
Amount)
Discount Dr (Discount Amount)
If you have set Yes to Allow Income Accounts in Sales
Voucher under F12: Configuration in Accounting Voucher under Voucher Entry, then
you can select Income Account also in second entry.
Purchase Voucher
All Purchase transactions are entered in Purchase
Voucher, including Cash Purchase.
For this select the following:
Gateway of Tally>Accounting Vouchers>F9: Purchase
Voucher
Here you have to remember that the first entry should
always be a Credit involving any Creditor, or Debtor or Branch/Division, Cash
or Bank Account and second entry should be a Debit to a Ledger placed under
Purchase Account group. Rest of Accounts
may be any Revenue Account, except sales, or any Account under the Group Current Liabilities, other than
Sundry Creditors. Thus you can include
Duties & Taxes or other billing terms from 3rd entry onwards.
If you have set Yes to Allow Expenses/Fixed Assets in Purchase
Voucher under F12: Configuration in Accounting Voucher, then you can select
Ledger under Fixed Asset or Direct/Indirect Expenses also in second entry.
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