Illustration:- M/s Gift House returned the goods to M/s XYZ Limited  and then M/s XYZ Limited issued a Credit Note for the same as per details given below:-

CREDIT NOTE NO. 55
BILL DATE 31.03.12
AMOUNT 5250/=

How shall you enter the above Credit Note in tally program in the books of M/s XYZ Limited?

Solution:

Credit note is the part of Journal Voucher only. Credit note is prepared same way as journal voucher is prepared.

First of all, Credit Note shall be prepared for the above transaction. Though, the Journal Voucher also can be prepared for control purpose it is advisable to prepare Credit Note separately for this type of transactions. The entry of above transaction will be prepared as follows:-

M/S XYZ LIMITED

CREDIT NOTE

DATE: 31.03.12

PARTICULARS

AMOUNTIN RUPEES
DEBIT: SALES RETURN ACCOUNT

5250/=

TOTAL

5250/=

CREDIT: M/S GIFT HOUSE

5250/=

TOTAL

5250/=

(BEING GOODS RETURNED BY M/S GIFT HOUSE AS PER OUR CREDIT NOTE NO.55 DATED 31.03.12 ENCLOSED)

Now, we shall enter above Purchase Voucher in tally as under:

  • Open Tally program.
  • Select your Company. In our case, we shall select M/s XYZ Limited.
  • Select ‘’Accounting Vouchers’ under ‘Gateway of Tally’
  • Now, the following screen will appear:-
  • Just read the items written on screen with a concentration. Reply of your all question relating to voucher entry is available here.
  • You want to enter a Credit Note. See in right side. There are lots of options available on the screen. One of those options is ‘Credit Note’.
  • Select ‘Credit Note’.
  • Now, select date icon or press’F2’ key.
  • A box will show ‘Voucher Date’
  • Write the date of voucher here i.e. 31.03.12 then press ‘Enter’ key.
  • Now a blank form will appear. You have to fill up the details as required in that form.
  • In ‘Ref’ write – 55 i.e. Credit Note No. or you can write anything according to your requirements.
  • First, in Cr. Particular Column, you have to write Gift House. The moment you type ‘G’ a list of account heads started with alphabet ‘G’ shall appear. You have to select ‘Gift House’ out of that list.
  • In Credit amount column write 5250 then press ‘Enter, key.
  • In Dr. Column press ‘Enter’ key.
  • In Particulars press ‘S’ and select ‘Sales Return Account’ out of the list given in right side.
  • In Debit amount write 5250/= and press ‘Enter’ key.
  • In narration column write any narration which you think fit then press ‘Enter key’
  • Now the screen will be as under
  • Finally, Tally asks you ‘Yes’ or ‘No’. Here, you just stop and check that every detail is correct. If there is any mistake then press ’N’ key otherwise press ‘Y’ or press ‘Enter’ key.
  • After you press ‘Y’, and all details vanish from the screen and a new voucher appears then you can say that your voucher is entered and saved.

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