banner_ad

Ledger showing dr balance - pls. help auditing is going

This query is : Resolved 

10 June 2016 Our society paid Rs.10590/- under sec 234 E. I have created a Ledger " Fine & Penalty" under Current liability. and paid by cash. On BS it is showing debit balance is there any error in my entry. Kindly reply how to enter the same in tally.

10 June 2016 it is showing debit balance since you grouped it under balance sheet item (current liability)
you can change the group to expenses, so that it can be debited to income and expenditure (Profit & Loss account)


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


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query



Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details