How to enter GST sales entry Local,Interstate sale & print GST sale invoice ?
After Activation of GST  & Tax rate & HSN /SAC setup ;let’s learn GST local sale billing & GST Inter state sale billing. and how to print GST sale invoice or sale bill. GST rules comprise two types of Invoices. Tax Invoice :  Tax invoice under GST is an invoice issued by a registered person at… (0 comment)
Setup gst rates,HSN/SAC Code in Tally ERP 9 ?Find HSN/SAC &GST rate
In Tally ERP 9, You can  set GST rates  & HSN /SAC Codes at various levels of operation in order to apply gst rates & HSN SAC codes to goods and services during voucher entry to get printed in Invoice and other reports. Before we go; let’s understand some basics about HSN Code/SAC code What… (1 comment)
How to activate GST in Tally ERP 9 ?
In this session You will learn how to activate GST in Tally ERP 9. Once you deactivated VAT,Central excise & Service wef. 01-07-2017. You can activate GST in tally. This will enables GST details at all levels of Tally erp 9. You will see gst details at ledger level, stock item level, group level and… (2 comments)
How to deactivate VAT, Excise & Service tax in Tally For GST from 01-07-2017 ?
GST has been rolled out in India on 01-07-2017. We know GST has subsumed all major Indirect taxes like VAT,Excise & Service tax. Which mean we don’t need to pay all these taxes instead we have to pay GST only. So you want to deactivate VAT, Central Excise & Service Tax in Tally ERP 9.… (0 comment)
Unearned Income
Income received during a period but applicable to the next period is termed unearned income.Suppose for example,a company received on April 1 2016 apprentice premium amounting to 60000 for three years. Though the trail balance drawn up at March 31st 2017,Shows 60000 against apprentice premium the whole amount should not be treated as Income for the… (0 comment)
What is accrued Income?
An income which is due but not received on the date of closing the books is known as accrued income. For example,when the books are closed on 31st march March 2016,Interest on certain securities has fallen due. 2500. But the  interest received is only 2000; So the accrued  interest amounts to 500.Before the books are closed,the… (0 comment)
What is prepaid expense?
Certain expenses like insurance premium,rent rates etc, are often paid in advance.In this case a part of the amount paid during a given period relates to a subsequent period .For example the debit in the following expense account shows the premium cost of two-year fire insurance policy. In this case,We paid 12 months insurance premium,… (0 comment)
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