Dear Friends, you know very well that Tally is accounting cum inventory software which provide different accounts, inventory features which different taxation part. At present time Tally is used out of 100 countries due to its user friendly nature.You can also prepare payslips, attendance sheet and many more in the payroll report. Tally is widely used in different countries due to its user friendly features. After reading this article you will be able to use Journal voucher in Tally.
Journal Voucher in Tally:
Journal voucher in an important voucher in tally which is used to make all kind of adjustment entries, credit purchases or sales all fixed assets entries. You can press F7 shortcut key to activate this voucher in the Tally software.
Types of Vouchers in Tally:
By default there are 18 vouchers already created in Tally software, which is divided into two parts:
1. Accounting Vouchers
2. Inventory Vouchers
There are 10 accounting vouchers already created in Tally software. You can create, delete or modify other vouchers as per your requirement.
There are by default 8 inventory vouchers are automatically created in Tally software. You can create, delete or modify other vouchers as per your requirement.
Today we talk about one of the most important voucher which name is “Journal Voucher” in Tally. Journal entries are very important during the finalizing the company accounts. You can make following entries in this voucher like sales/ purchase returns, outstanding exp, depreciation, accrued interest and tax adjustments etc.
Journal Vouchers are used to adjust the debit and credit amounts without using the cash or bank accounts. Journal voucher entries are also known as adjustment entries. You can also make any credit purchases or sales any fixed assets entry through this voucher. You have to press F7 shortcut to activate Journal voucher in Tally.
Journal Voucher (F7):
This voucher is used for all adjustment or due entries in tally software, or in other words entry which is not made by other accounting vouchers are made by this voucher.
Exp: Credit purchases any fixed assets from creditor Rs. 100000/-
Dr. Fixed Assets 100000
Cr. Creditor 100000
Exp. Dep. charge on car @ 10% of computer (Price:10000)
Dr. Dep. on computer 1000
Cr. Computer 1000
Must Read: How to use Debit Note Voucher in Tally
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