Scribd
Upload
135K views4 pages

Tally Prime With GST Example - 01

Tally Prime With GST Example – 01 provides an example of accounting transactions for M/s. SARA& CO for the year 2019-2020 in Tamil Nadu, India. The document records purchases of computers and cameras from local and inter-state suppliers on credit in April and May. It also records sales of these goods on credit to local and inter-state customers in June and July. The transactions are recorded with item names, quantities, unit prices, tax rates, tax amounts to demonstrate GST accounting setup and entries in Tally Prime.

Uploaded by

Goyal mitra
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
135K views4 pages

Tally Prime With GST Example - 01

Tally Prime With GST Example – 01 provides an example of accounting transactions for M/s. SARA& CO for the year 2019-2020 in Tamil Nadu, India. The document records purchases of computers and cameras from local and inter-state suppliers on credit in April and May. It also records sales of these goods on credit to local and inter-state customers in June and July. The transactions are recorded with item names, quantities, unit prices, tax rates, tax amounts to demonstrate GST accounting setup and entries in Tally Prime.

Uploaded by

Goyal mitra
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Tally Prime

Tally Prime With GST Example – 01

Prepare Accounts in the books of M/s. SARA& CO for the following year 2019 to
2020 (TAMIL NAADU).

Particular DR CR
Capital 975,000

Cash 420,000

Machinery 75,000

Indian Bank 480,000

Ahamed Mohideen Ahamed Mohideen Mubeen (Expert In Tally & Financial Manager)
TRANSACTION DURING THE PERIOD

[Link] 01 - Goods Purchase on credit from M/s. LALA TRADERS (LOCAL


SUPPLIERS-TAMILNADU) for the following: ([Link]-548,30 Days)

COMPUTER (GST RATE-18%,HSN-8471)


Tax Tax
ITEM NAME UNIT QTY UNIT PRICE VALUE Rate Amount
I3 Computer NOS 6 15,000 90,000 0.18 16,200
I5 Computer NOS 5 20,000 100,000 0.18 18,000
I7 Computer NOS 12 25,000 300,000 0.18 54,000
DIGITAL CAMARA (GST RATE-28%,HSN-8525)
Canon Camara NOS 5 5,000 25,000 0.28 7,000
Sony Camara NOS 20 4,500 90,000 0.28 25,200
TOTAL 605,000 120,400

02. May 01 - Goods Purchase on credit from M/s. BILLA TRADERS (IGST
SUPPLIERS- KERALA) ([Link]-687,45days)

COMPUTER (GST RATE-18%,HSN-8471)


Tax Tax
ITEM NAME UNIT QTY UNIT PRICE VALUE Rate Amount
I3 Computer NOS 8 16,000 128,000 0.18 23,040
I5 Computer NOS 5 21,000 105,000 0.18 18,900
DIGITAL CAMARA (GST RATE-28%,HSN-8525)
Canon Camara NOS 5 5,000 25,000 0.28 7,000
Sony Camara NOS 20 4,500 90,000 0.28 25,200
TOTAL 348,000 74,140

Ahamed Mohideen Ahamed Mohideen Mubeen (Expert In Tally & Financial Manager)
03. June 01 - Sold on Credit to M/s. SAFRA TRADERS (LOCAL CUSTOMER-
TAMILNADU); ([Link]-412, 25 days)

COMPUTER (GST RATE-18%,HSN-8471)


Tax Tax
ITEM NAME UNIT QTY UNIT PRICE VALUE Rate Amount
I3 Computer NOS 4 25,000 100,000 0.18 18,000
I5 Computer NOS 2 30,000 60,000 0.18 10,800
I7 Computer NOS 3 35,000 105,000 0.18 18,900
DIGITAL CAMARA (GST RATE-28%,HSN-8525)
Canon Camara NOS 3 6,000 18,000 0.28 5,040
Sony Camara NOS 3 6,500 19,500 0.28 5,460
TOTAL 302,500 58,200

04. July 01 - Sold on Credit to M/s. HAMA TRADERS (IGST CUSTOMER -


DELHI) ; ([Link]-413, 25 Days )

COMPUTER (GST RATE-18%,HSN-8471)


UNI Tax Tax
ITEM NAME T QTY UNIT PRICE VALUE Rate Amount
I3 Computer NOS 2 26,000 52,000 0.18 9,360
I5 Computer NOS 4 32,000 128,000 0.18 23,040
DIGITAL CAMARA (GST RATE-28%,HSN-8525)
Canon Camara NOS 5 6,200 31,000 0.28 8,680
Sony Camara NOS 25 6,800 170,000 0.28 47,600
TOTAL 381,000 88,680

Ahamed Mohideen Ahamed Mohideen Mubeen (Expert In Tally & Financial Manager)
The Process of GST Setup with Transaction

Ahamed Mohideen Ahamed Mohideen Mubeen (Expert In Tally & Financial Manager)

You might also like