Tally negative value in rs

This query is : Resolved

gopal jha (Querist)
Follow

23 October 2013 Dear Experts,
Plz how can i gate tally Negative Value In Rs of S Deters , S creditors & others of whole financial year & month.

Thanks advance

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
Follow

23 October 2013 Assume if you have X as a debtor with Rs.10000 opening balance means you grouped X account under debtors means debtors always has debit balance.

So in such case if the debits total amount to the X account is lower then the credits total amount to the X account then you will get negative value as well as creditors also(vise verse).

In such case you change group means if the debtor showing negative balance then change it to the creditor group then it shows positive amount as well vise verse.

But first of all you confirm is all the transactions with such party is entered properly and correct means first you analysis why excess debits or credits have means why excess payments made or excess receipts made than actual payable or receivable means if you forget entry of any transactions or wrongly entered transactions.

OM SAI SRI SAI JAI JAI SAI

gopal jha

gopal jha (Querist)
Follow

23 October 2013 Thanks Expert,

i opened on desktop in tally Debit side & credit Diffrante amount so u solve which is
diff amount
1)Bill amt-999 I Paid 1000 bitween diff rs.1
all parties diff how can i saw on desktop
in month wise.

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
Follow

24 October 2013 Means you paid excess of Rs.1 than actual payment, so it is no problem you paid it as a rounded off rupee so it considered as rounded off rupee and shall transfer to other expenses account or rounded off rupee account what you want for this pass the following entry

Rounded off rupee/other expenses a/c dr Rs.1
To Party a/c Rs.1

Here party means to whom(which) account you earlier given debit.

OM SAI SRI SAI JAI JAI SAI

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok