Accounts
This query is : Resolved
25 March 2014
I have fixed deposits of two banks and opening balance is shown of two fd accounts.when i tallied both the bank's fixed deposit,i found that there is a deficit in 1 bank's fd and the same amount is shown as surplus in other bank's fd. can i adjust the surplus amount with the defecit?
ex: fd with sbi showing deficit ( 10 lacs)
fd with central bank showing surplus 10 lacs
can i adjust them as on 1/4/2013?
ex: fd with sbi showing deficit ( 10 lacs)
fd with central bank showing surplus 10 lacs
can i adjust them as on 1/4/2013?
25 March 2014
For what u r asking about ITR or in Tally(ur accounts book)?????
25 March 2014
pls ask question which is clearly understood......
25 March 2014
for tally. i adjusted that balance the way i showed you
25 March 2014
you have to record the value of fd which is reflected on the certificate of deposit of fd and that too bank wise u cannot adjust this way...
25 March 2014
Record it as mentioned in FD(certificate).
Example:
Profit 10L
Loss 10L
Remainder NIL
U cant adjust it manually. The software(Tally) will calculate it automatically. If u calculate it manually it is against accounting policy & the disclosure is also not maintained...
Example:
Profit 10L
Loss 10L
Remainder NIL
U cant adjust it manually. The software(Tally) will calculate it automatically. If u calculate it manually it is against accounting policy & the disclosure is also not maintained...
25 March 2014
i have passed 1 entry for
fd with central dr (deficit)
to fd with sbi (surplus)
as on 1/4/2013 so i got adjusted. Tally cant adjust with two seprate accounts. now my both fd got tallied and as on today it is matching with bank records.
fd with central dr (deficit)
to fd with sbi (surplus)
as on 1/4/2013 so i got adjusted. Tally cant adjust with two seprate accounts. now my both fd got tallied and as on today it is matching with bank records.
25 March 2014
If u have solve ur query then what u wana ask??
25 March 2014
Then what me replied above???
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