Ledger Created

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The user needs assistance creating a ledger for 'Shree Ganesh Je Maharaja' and is unsure which group to assign. It's clarified that this is not a vendor or customer, but a personal contribution to God for business success. The recommended accounting treatment is to group this under 'Drawings' and create the ledger under 'Capital'.

Vaneet Monga

Vaneet Monga (Querist)
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27 May 2020 Dear sir

I need to create the ledger of Shrre Ganesh Je Maharaja Rs.1.25/- But i am unable to select group so please requeest to in which group in create the same ledger

CA Sindhu KJ

CA Sindhu KJ (Expert)
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27 May 2020 1. Is Shrre Ganesh Je Maharaja a vendor or customer? Who is the party?
2. Which accounting software are you using?

Aashok Kumar Sharma online

Aashok Kumar Sharma

(Expert)
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27 May 2020 You may take the help and support from the concerned ERP Software Vendor if you are getting difficulties in operating the ERP.

Vaneet Monga

Vaneet Monga (Querist)
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28 May 2020 Dear Madam,
Its not a vendor and not a customer its the name of God ( Ganesh Bhagwan) Properitier pay Rs.1.25/- ( One Rupee+Twenty five Paisa ) to own pocket to sucesfull their business. so please proivde the name of Gruop

CA Sindhu KJ

CA Sindhu KJ (Expert)
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28 May 2020 The explained nature is not considered as business expense, therefore it should grouped under drawings