Tally entries
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 May 2016
Respected Sir,
while doing bank statement's entries in tally7.2, we put all the credit side (Deposit side) items in Receipt Vouchers and Debit side (Withdrawal side) items in Payment vouchers.
but while looking in the ledger it shows all receipts entries under Debit column & all payment entries under credit column.why it shows opposite? Can you please give explanation
while doing bank statement's entries in tally7.2, we put all the credit side (Deposit side) items in Receipt Vouchers and Debit side (Withdrawal side) items in Payment vouchers.
but while looking in the ledger it shows all receipts entries under Debit column & all payment entries under credit column.why it shows opposite? Can you please give explanation
Rupesh Jain
(Expert)
27 May 2016
sir, we make payment in bank, its means you are deposit the amount you have debit the bank and credit the debtor/cash. and you make payment then you credit the bank and debit to exp./creditors.
Murtaza I Bhagat
(Expert)
27 May 2016
It because in Tally if any amount comes it will debited that means debit balance as assets and if goes/withdrawal it will credited as reduction. exact opposite of bank statement.
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