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https://help.tallysolutions.com/docs/te9rel49/Botswana/Change_in_Agreed_Consideration.htm

Change in Agreed Consideration

 

Change in Sales Consideration - Increase in Sale Price

Go to Gateway of Tally > Accounting Vouchers > Crl+F9: Debit Note

  1. Enter the reference number in the Ref. field.

  2. Select Change in Agreed Consideration in the Used for field.

  3. Debit the party ledger and enter the amount.

  4. Credit the Sales Ledger with the VAT/Tax class - Sales @ 12%. The VAT/Tax Class appears as predefined in ledger master.

  5. In the Inventory Allocation screen, select the Name of Item from the List of Items. Enter the Quantity and Rate. The amount is automatically displayed in the Amount field.

  6. Credit the output VAT ledger with VAT/Tax class - Output VAT @ 12%. The balance amount gets displayed.

  7. Enter the details in the field Narration, if required.

  1. Press Y or Enter to accept and save.

Change in Sales Consideration - Decrease in Sale Price

Go to Gateway of Tally > Accounting Vouchers > Crl+F9: Debit Note

  1. Enter the reference number in the Ref. field.

  2. Select Change in Agreed Consideration in the Used for field.

  3. Credit the party ledger and enter the amount.

  4. Debit the Sales Ledger with the VAT/Tax class - Sales @ 12%. The VAT/Tax Class appears as predefined in ledger master.

  5. In the Inventory Allocation screen, select the Name of Item from the List of Items. Enter the Quantity and Rate. The amount is automatically displayed in the Amount field.

  6. Debit the output VAT ledger with VAT/Tax class - Output VAT @ 12%. The balance amount gets displayed.

  7. Enter the details in the field Narration, if required.

  1. Press Y or Enter to accept and save.

Change in Purchase Consideration - Decrease in Purchase Price

Go to Gateway of Tally > Accounting Vouchers > Crl+F9: Debit Note

  1. Enter the reference number in the Ref. field.

  2. Select Change in Agreed Consideration in the Used for field.

  3. Debit the party ledger and enter the amount.

  4. Credit the Purchase Ledger with the VAT/Tax class - Purchases @ 12%. The VAT/Tax Class appears as predefined in ledger master.

  5. In the Inventory Allocation screen, select the Name of Item from the List of Items. Enter the Quantity and Rate. The amount is automatically displayed in the Amount field.

  6. Credit the input VAT ledger with VAT/Tax class - Input VAT @ 12%. The amount of Input VAT gets calculated on the assessable value.

  7. Enter the details in the field Narration, if required.

  1. Press Y or Enter to accept and save.

 

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