Deposit return entry in tally erp
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 March 2012
Deposit Payment and Received Entry in tally ERP
Deposit Payment and Received Entry in tally ERP
19 March 2012
At the time of payment of Deposit
Deposit a/c dr
To cash/bank a/c
At the time of receipt of deposit
Reverse the above entry i.e
Cash/bank a/c dr
To deposit a/c
and in case any interest portion at the time of receipt of deposit
cash/bank a/c dr
To interest on Deposit a/c
Note: Deposit a/c under the group loans and advance or loans/current liabilities what ever may be depending on the case facts and the interest on deposit under the profit and loss account.
In case any interest portion at the time of payment of deposit.
reverse the above entry i.e
Interest on deposit a/c dr
Cash/bank a/c
OM SAI SRI SAI JAI JAI SAI
Deposit a/c dr
To cash/bank a/c
At the time of receipt of deposit
Reverse the above entry i.e
Cash/bank a/c dr
To deposit a/c
and in case any interest portion at the time of receipt of deposit
cash/bank a/c dr
To interest on Deposit a/c
Note: Deposit a/c under the group loans and advance or loans/current liabilities what ever may be depending on the case facts and the interest on deposit under the profit and loss account.
In case any interest portion at the time of payment of deposit.
reverse the above entry i.e
Interest on deposit a/c dr
Cash/bank a/c
OM SAI SRI SAI JAI JAI SAI
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