Classification of sale transactions

Sales transactions can be broadly classified as 

 Cash Sale:  Goods are sold on cash is called cash sale.

 Credit sale: Goods or services are sold for Credit.

1. Go to gateway of Tally> Accounting Voucher>F8

sales
 (click on button or use function key F8)
2. Change the date if needed by pressing F2 or date button.
3. Click on Acct Invoice button if no stock is involved in the sale, or click on Item
Invoice if stock items are need to be selected.
4. Enter ref no,Party name,sales ledger,name of item ,Quantity & rate in case you
have chosen item invoice.
5. Enter ref no,party a/c name,particulars ( ledger to be credited) rate and amount
in case you have chosen accounts invoice.
6. Write the narration & and save the voucher by using Ctrl+A.

SALES TRANSACTION :
1. Ashok Leyland A/c ………………………..Dr     45000.00

To Tyre Sales   Cr                       45000.00

Ledgers :
1. Ashok Leyland : Under Sundry Debtors
 2. Tyre sales: Under Sales Account

SALES WITH GST :

LOCAL SALES :

XYZ Company sold 10 Tables Rs 4500/pcs  gst@ 12% , and 5

plastic doors Rs 2750/pieces GST @ 18%   to Sunitha Furniture.

LEDGERS:

1. SUNITHA FURNITURE
2. SALES
3. SGST12%
4. CGST18%
INTERSTATE SALES

XYZ Company ( Kerala) sells 10 Nos of Suitcase @ 2500/Pcs & 50 Nos Brief case    @ 5000
to Taj Traders ( Karnataka) GST rate is 18%.
LEDGERS:

1. Taj Traders
2. SALES
3. IGST18%

 if wrong state is selected, IGST will not be calculated.