Ledger Created


This query is : Resolved 

Quick Summary
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'.

(Querist)
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

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

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 (Querist)
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

28 May 2020 The explained nature is not considered as business expense, therefore it should grouped under drawings

29 May 2020 treat the same as drawing and create ledger under capital.


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



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details
Company
13 November 2026
Charted Accountant - Fresher

Neeraj Bhagat & Co

New Delhi

CA Final

View Details
Company
ARTICLESHIP 07 November 2026
Article Assisstant

DPV & Associates

Chennai

CA Inter

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details
Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details
Company
ARTICLESHIP 25 October 2026
Article Intern (CA Articleship)

Arpan Bohra & Co

Hyderabad

CA Inter

View Details
Company
10 November 2026
FP&A Executive

Gujarat Guardian

Ankleshwar

CA Final

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details