Sales Cancelled

To record an entry for cancellation of Sales,

Go to Gateway of Tally > Accounting Vouchers > Crl+F8: Credit Note

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

2. Select Sales Cancelled in the Used for field.

3. Select the Party’s A/c Name from the List of Ledger Accounts.

4. Select the Sales Ledger with the required VAT/Tax class, for e.g. Sales - Exempt.

5. The VAT/Tax Class appears as predefined in ledger master.

6. Select the Name of Item from the List of Items.

7. Enter the Quantity and Rate. The amount is automatically displayed in the Amount field.

8. Press Y or Enter to accept and save.

Similarly record entries in credit note for the VAT/Tax class - Sales @ 12% and Sales - Zero Rated by selecting Sales Cancelled in Used for field.

Note: The credit value entered for sales ledgers predefined with VAT/Tax class - Sales - Exempt  in credit note or journal vouchers by selecting - Sales Cancelled in the Used for field is captured in Exempt Supplies column of box 7.