ACCOUNTS TALLY ENTRY REG-

Save Share

This query is : Resolved

Quick Summary

This discussion clarifies how to record a school van fine paid to the RTO in Tally. The recommended approach is to post the amount under 'Indirect Expenses' using a ledger such as 'Fine & Penalties' or 'Miscellaneous Expenses', ensuring a clear narration is included.

ramya

ramya (Querist)
Follow

12 January 2024 SCHOOL VAN FINE AMOUNT COMES UNDER WHAT LEDGER IN TALLY

RAJA P M

RAJA P M (Expert)
Follow

12 January 2024 Fine paid or Collect...? please elaborate

ramya

ramya (Querist)
Follow

13 January 2024 @RAJA P M, Fine paid to RTO for school van accident

RAJA P M

RAJA P M (Expert)
Follow

13 January 2024 You can account it under Indirect Expenses as "Fine&Penalties" with suitable narration... Also account the same as miscellaneous expenses with suitable...

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now