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Tally entry

This query is : Resolved 

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?

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

26 February 2010 Agreed with Mr.Prasad






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