How to make Cash Sales Invoice ?

Query : How to make Cash Sales Invoice

Solution

Step : 1

Pre-Requisition: Create Following Accounts in below Heads:

1. ·         Direct Income > Revenue > Product & Service Sales > Cash Sale
2. ·         Current Assets > Cash & Cash Equivalents > Cash In Bank > Cash Account
3. ·         Direct Expenses > Cost of Goods Sold > COGS Product
4. ·         Current Assets > Inventories > Trading Inventory A/c.

See Following Account effect of Cash Sales Invoice

Sr. No.	Description	Debit.	Credit
1	Cash Account Dr.	50.00
	Cash Sales Cr.		50.000
	COGS-Product Dr.	24.903
	Trading Inventory Cr.		24.903

Step:2 Let's see now transaction wise

Master  > Sales Configuration

Step:3

Transaction > Cash Sales Invoice

Step : 3

Account Effect Report