College fees excess amount
This query is : Resolved
29 January 2014
Hi Some students college fees paid by DD and they are paid excess amount . for example student fees 40000. student paid 60000. the remaining amount 20000, , that 20000 amount paid by college to students , what was the entry in tally
29 January 2014
you just need to reverse the entry you passed at the time of receipt of fees...thats all.
30 January 2014
hi sir i am passing entry like
4th year coll fees A/c dr
To Cash/ bank A/c and now we are issued cheque in the name of student and how to pass the entry ?
Student name A/c dr
To cash/bank A/c
is it right or wrong sir and its a payment entry right.
4th year coll fees A/c dr
To Cash/ bank A/c and now we are issued cheque in the name of student and how to pass the entry ?
Student name A/c dr
To cash/bank A/c
is it right or wrong sir and its a payment entry right.
30 January 2014
I believe the entry at the time of receipt of fees is:
Bank A/c/ Cash A/c Dr
To 4th year Coll Fees
you need to reverse the fees account.
So it should be:
4th year Coll Fees A/c Dr
To Student Name A/c
Student Name A/c
To Bank A/c
Bank A/c/ Cash A/c Dr
To 4th year Coll Fees
you need to reverse the fees account.
So it should be:
4th year Coll Fees A/c Dr
To Student Name A/c
Student Name A/c
To Bank A/c
30 January 2014
sir coll fees i ve to pass entry in RECEIPT only right sir
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