Query : Ledger Nature & Sub Nature in accounting
This query is : Resolved
24 April 2023
Dear CA Team Experts,
I want to know if i am working in the private limited as an Account Assistant and some question arising in my mind Please help me and give me Accurate answer with example Pls.
scenerio1 My company name is abc india pvt ltd and Company run by Two Director First is RAM & Second is Shyam and company
current account Maintained in ICICI Bank and Director Ram & shyam Maintened saving account with Canara bank & hsbc bank respectively but problem is that my company some payment & receipts transfer into director seprate saving account and director some entries transfered into company current account.
my company tell me please book the entries as well as maintained director saving account in the company account so please assist me via any example if i am booking the some entries so what is the nature ledger nature or leager under head name in tally i.e.
in company books of account :
Company current bank account Ledger under head ?
company director each saving bank account leadger under head?
when company transfer the payment & receipts (Small & Big) into director each saving account Ledger under head?
in saving books of account :
Company saving Bank account ledger under Head?
when some entries transfer the payment & receipts (small & Big ) into Company current account as well as director account what is the ledger under head?
can i Maintained the director saving account in company books of account sepratley if yes then please clear if director some small & big entries expenditure in daily routing basis so what is the Ledger under head ?
Kindly solve the problem with any practical example.
Thanks & Regards
I want to know if i am working in the private limited as an Account Assistant and some question arising in my mind Please help me and give me Accurate answer with example Pls.
scenerio1 My company name is abc india pvt ltd and Company run by Two Director First is RAM & Second is Shyam and company
current account Maintained in ICICI Bank and Director Ram & shyam Maintened saving account with Canara bank & hsbc bank respectively but problem is that my company some payment & receipts transfer into director seprate saving account and director some entries transfered into company current account.
my company tell me please book the entries as well as maintained director saving account in the company account so please assist me via any example if i am booking the some entries so what is the nature ledger nature or leager under head name in tally i.e.
in company books of account :
Company current bank account Ledger under head ?
company director each saving bank account leadger under head?
when company transfer the payment & receipts (Small & Big) into director each saving account Ledger under head?
in saving books of account :
Company saving Bank account ledger under Head?
when some entries transfer the payment & receipts (small & Big ) into Company current account as well as director account what is the ledger under head?
can i Maintained the director saving account in company books of account sepratley if yes then please clear if director some small & big entries expenditure in daily routing basis so what is the Ledger under head ?
Kindly solve the problem with any practical example.
Thanks & Regards
24 April 2023
You can't include directors savings bank account into company books of accounts.
Such payment or receipt in director savings account related to company account it on the name of the director as advance/liability. Adjust it later against any payment to director
Such payment or receipt in director savings account related to company account it on the name of the director as advance/liability. Adjust it later against any payment to director
25 April 2023
Can u Please share with me any example with explanation
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- ITR-3 File/Error Found
- ASMT-10 received from A O
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- GST ON TRAVELLING BILLS
- Average Cost Of High Quality Diamonds
- Due Date Clarity
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
