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Accounting Reversal of Expenses with TDS using Tally.ERP9

Example :

Neeha Traders paid a Rent of Rs. 500000 to MAR Tech Park on 1-4-2019. Neeha traders cancelled the rent deal on 5-4-2019, as they found a better space for their office.

You can record any reversal of expenses with the applicable TDS using a Purchase Voucher and Debit Note in Tally.ERP 9.

Step-1 : Record a Purchase Voucher as Accouting Invoice for Expenses with TDS in Tally.ERP9

1.  Go to Gateway of Tally > Accounting Voucher > F9: Purchase .

2.  Enter the Supplier Invoice No. and Date .

3.  Select MAR Tech Park in the Party's A/c Name field.

4.  Select Rent in the Particulars field.

5.  Enter 500000 in the Amount field.

6.  Press Enter .

7.  Select TDS Any ledger in the Particulars field. The amount is automatically calculated.

8.  Press Enter .

9.  Enter the details in the Bill-wise Details screen.

10.  Press Enter .

The purchase voucher appears as shown below:

Purchase Voucher for recording Expenses with TDS in TallyERP9
(Fig-18)

11.  Press Ctrl + A to save the voucher.

Step-2 : Record a Debit Note for Reversal of Expenses with TDS in Tally.ERP9

1.  Go to Gateway of Tally > Accounting Voucher > press Ctrl + F9.

2.  Enter the Original Invoice No. and Original Invoice Dt .

3.  Select MAR Tech Park in the Party's A/c Name field.

4.  Select Rent in the Particulars field.

5.  Enter 500000 in the Amount field.

6.  Press Enter .

7.  Select TDS Any ledger in the Particulars field.

8.  Press Enter .

9.  Enter the details in the TDS Details screen.

TDS Details Screen for Reversal of Expenses with TDS in TallyERP9
(Fig-19)

10.  Press Enter .

11.  Enter the details in the Bill-wise Details screen.

12.  Press Enter .

The debit note appears as shown below:

Debit Note for Reversal of Expenses with TDS in TallyERP9
(Fig-20)

13.  Press Ctrl+A to save the voucher.

 
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