22 March 2009
I received a Bill from Dealer its Details given blow: Refind 360Tin @ 592.00 Rs/Tin Total 13120.00 Discount Received -1080.00 Input Vat @ 4% 481.60 --------------------------------------------- Sub Total 12521.60 Add: Insurance 1080.00 --------------------------------------------- Sub Total 13601.60 Less: Cash Discount -1080.00 --------------------------------------------- Amount Payable 12521.60 ============================================= Pls Tell me How can i do in Tally 7.2
22 March 2009
Purchases A/c Dr 12040.00 Input Vat at 4% Dr 481.60 Insurance Dr 1080.00 To Cash Discount received 1080.00 To Creditor (dealer name) 12521.60 (Being purchase made from_______ )
Please note that trade discount should be reducted and net should be accounted whereas cash discount should appear seperately.
CAclubindia
