Tally entry-------correct me if i am wrong...help
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 April 2012
Dear Sir/Madam.
I would like to know if a pigmy account is opened & is not disclosed in the balance sheet of any financial year and the same account while closing, the money is transfered to saving account (this saving accountis is disclosed balance sheet)
what would be tally entry? for this particular case as the pigmy account was not disclosed in any financial year whereas now that the money is transfered to saving account which as been disclosed in balance sheet.
I did the following entry
Receipt
To proprietors capital a/c
By bank savings a/c
or is there any other way. please help.
thanks in advance
I would like to know if a pigmy account is opened & is not disclosed in the balance sheet of any financial year and the same account while closing, the money is transfered to saving account (this saving accountis is disclosed balance sheet)
what would be tally entry? for this particular case as the pigmy account was not disclosed in any financial year whereas now that the money is transfered to saving account which as been disclosed in balance sheet.
I did the following entry
Receipt
To proprietors capital a/c
By bank savings a/c
or is there any other way. please help.
thanks in advance
CA PARTH SHAH
(Expert)
30 April 2012
YES YOUR ENTRY IS CORRECT
08 May 2012
Yes the expert has certified that your entry is correct and I agree with him
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