PURCHASE RETURNS

Accounting Purchase Returns

To record Purchase Returns transaction

Go to Gateway of Tally > Accounting Vouchers > Debit Note (Ctrl + F9)

1.      Select the Excise  Debit Note from the List of Voucher Types

2.      Select Alt+I: Item Invoice, if the voucher is in Acct invoice mode

3.      Enter the reference number in the Ref. field. E.g. 6784

4.      Excise Unit field displays the unit name as selected during voucher Type creation

5.      Select the party name in the Party’s A/c Name field. E.g. Sterling Steel Industries

6.      Enter the corresponding details in the Party Details.

7.      Select the Purchase ledger to be allocated. E.g. Purchases @ 4%

8.      Select the Name of the stock item from the list of Excise Stock Items

9.      The Excise Details sub form for the Stock Item is displayed

10.  In the Excise Details screen

·         Select the Supplier Invoice Number - 457 from the List of Purchases

·         Enter the Quantity returned as 15

·         Assessable Value will be defaulted automatically.

            11.              Press enter to accept the Excise Details and the Debit Note screen reappears

12.              Enter Rate as Rs. 2329.60 and the Amount is automatically displayed

                 13.              Select Input VAT ledger and press Enter, the VAT Amount is automatically calculated and predefined.

               14.              Set Show Statutory Details to Yes to view Statutory Details of the transaction.

15.              In Bill-wise Details screen, Select Angst Ref  and  select the Bill No. as 457

16.              Press Enter to accept and save.