Tally entry
This query is : Resolved
vinodpatil
(Querist)
26 February 2010
1)If advance tax rs 100000 is paid. so Advance tax is current assets? & how to enter in tally voucher?
2) if we are receive rs. 3000 on fd receipt then it will enter in receipt voucher?
2) if we are receive rs. 3000 on fd receipt then it will enter in receipt voucher?
26 February 2010
Advance Tax A/c (Classified under Taxes/Advances in the head Current Assets) Dr 100000
To Bank A/c CR 100000
Bank A/c Dr 3000
To Interest on FD ( If receipt is Int ) 3000
Entry will be in receipt voucher
Bank A/c Dr 3000
To FD ( If it's redemption of FD) 3000
Entry will be in receipt voucher
Regards
Prasad R
Advance Tax A/c (Classified under Taxes/Advances in the head Current Assets) Dr 100000
To Bank A/c CR 100000
Bank A/c Dr 3000
To Interest on FD ( If receipt is Int ) 3000
Entry will be in receipt voucher
Bank A/c Dr 3000
To FD ( If it's redemption of FD) 3000
Entry will be in receipt voucher
Regards
Prasad R
CMA Ramesh Krishnan
(Expert)
26 February 2010
Agreed with Mr.Prasad
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