Tally entry

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muralidhar swain (Querist)
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23 May 2015 If we are transferring money from one account and bank charges is deducted by bank with the transferred money how contra entry will be done? Is the following journal is right

A/c No.4751......................Dr 10000
Bank charges......................Dr 5
To A/c no.6541 10005

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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23 May 2015 either make these or better make two separate entries.. one for transfer one for bank charges

muralidhar swain

muralidhar swain (Querist)
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23 May 2015 If I do separate entry the amount of credited bank account will not be found as exact figure in Bank pass book.Like in the above case the bank passbook will show 10005 as credit which may bring conflict at the time of reconciliation.

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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23 May 2015 the bank wont show both amount together dear..

they wil charge bank charges separately

muralidhar swain

muralidhar swain (Querist)
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23 May 2015 No Sir, now I am working on tally and in that problem.It is written in Bank account That NEFT 5002.50 but in another account Rs.5000. So tell me the solution if any one help me

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