DISCOUNT
ON CREDITORS
When a businessman gets discount from his Sundry
Creditors then it is called Discount on Creditors. It comes under Indirect
Income.
Example:-
Goods purchased from Raman for Rs. 80,000. 10 %
discount received from him.
Do the voucher entries.
To maintain:-
Create a company and then create ledger as follow:-
After that, do voucher entry as follow:-
Path for voucher creation:-
G.O.T. (Gateway of Tally)--> accounting voucher--> F9 (Purchase Voucher).
View the profit & loss report:-
Path for view profit and loss report:-
G.O.T. (Gateway of Tally)--> Profit & Loss a/c.
Now calculate discount given by the creditor as given
below:-
Discount = 80,000 * 10 % = 8,000
So, the discount is Rs. 8,000.
Now do adjustment entries:
Create adjustment ledger as follow:-
Path for adjustment ledger creation:-
G.O.T. (Gateway of Tally)--> accounts info--> ledger--> create (single).
And then do voucher entry:-
Path for adjustment voucher creation:-
G.O.T. (Gateway of Tally)--> accounting voucher--> F7 (Journal Voucher).
View the profit and loss report:-
Path for view profit and loss report:-
G.O.T. (Gateway of Tally)--> Profit & Loss a/c.
For more information press “Alt + F1”.
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