Additional Accounting Entries

Step 1

Company Creation

(Account With Inventory)

Enable Goods And Services Tax (GST) : No

Step 2

Ledger Create

Create > Ledger

1: Purchase A/c

Under : Purchase A/c

2 : Sales A/c

Under : Sales A/c

3 : Insurance Co. A/c

Under: Indirect Expense A/c

4 : Mr. SD A/c

Under : Sundry Debtors A/c

Bill – By – Bil : No

5 : Mr. SCA/c

Under : Sundry Creditors

Bill – By – Bil : No

6 : Carriage Outwards A/c

Under : Expenses Direct

7: Rounding Off A/c

Under : Expenses Indirect

Step 3

Got > Create > Stock Item

1. Mobile

Unit : Pcs.

Step 4

GOT > Alter > Voucher Type > Sales

Name Of Class : Auto Bill

Default Accounting Allocation

Sales A/c 100%

Additional Accounting Entries

1. Ledger Name : Carriage Outwards

Type Of Calculation : On Total Sales

Value Basic :10

Rounding Method : Not Applicable

Remove If Zero : Yes

2. Ledger Name : Insurance Co. A/c

Type Of Calculation : As Surcharge

Value Basic : 2

Rounding Method : Not Applicable

Remove If Zero : Yes

3.  Ledger Name : Rounding off A/c

Type Of Calculation : As total Amt. Rounding

Rounding Method : Downwards

Rounding Limit : 1

Remove If Zero : Yes

Step 5

Voucher Entry

GOT > Voucher

1. F9 (Purchase)

Party Name : Mr. SC A/c

Name of Item : Mobile

Quantity :10

Rate: 9,000/-

2. F8 (Sales )

Class :Auto Bill

Party Name : Mr. SD A/c

Name Of Item : Mobile A/c

Quantity : 10Pcs

Rate : 10,000/-

Carriage Outward A/c 10% 10000.00

Insurance Co. A/c 2% 200.00