Fixed deposit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 April 2012
Sir,
We were doing our accounts in quickbooks for a long time..and now we have changed it to Tally.We have around 11 short term deposits of 3months each.please let me know where the entry should be placed..in payment or in journal?
We were doing our accounts in quickbooks for a long time..and now we have changed it to Tally.We have around 11 short term deposits of 3months each.please let me know where the entry should be placed..in payment or in journal?
CA Kishore Tallam
(Expert)
19 April 2012
Since u r migrating from quickbooks to Tally, u will be incorporating all assets and liabilities through a singly journal entry.
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