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Question

Abdul Rauf (Accounts Practicener) (76 Points)

22 February 2017

Hi ,

we got commission through NEFT if i pass this entry as a Contra so there are no effects in P & L ( As a indirect income) similarly i paid rent through NEFT payment. How can solve this problem.

Please reply ASAP.

Thanking you.

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2 Replies

Nikhil Sharma (Government Service) (539 Points)
Replied 22 February 2017

Why contra??

Entries should be

Bank A/c Dr.

To Commission received

Rent A/c Dr.

To Bank A/c

Abdul Rauf (Accounts Practicener) (76 Points)
Replied 23 February 2017

Because the transaction is being through Bank to Bank and in tally; if transaction done through bank to bank it will pass in contra voucher. so that's why i am asking. can i pass in receipt and payment voucher in tally. I already know the entry, only confuse in voucher.