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Tally section

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 September 2015 Dear, can we book our "interest received from fixed deposit" under sales accounts in Tally?
where i am working there a ledger of "interest received from fixed deposit" are booked under sales accounts, is it right or wrong?
please breif
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Murtaza I Bhagat

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Murtaza I Bhagat (Expert)
23 September 2015 if it is income from other source and entry is rightly done then no need to worry.
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Querist : Anonymous

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Querist : Anonymous (Querist)
23 September 2015 But it is a charitable organization, they just depends on bank interest, can we book our interest received from bank under "sales accounts" or we can book under "direct/indirect income"?
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Querist : Anonymous

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Querist : Anonymous (Querist)
23 September 2015 But it is a charitable organization, they just depends on bank interest, can we book our interest received from bank under "sales accounts" or we can book under "direct/indirect income"?
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CA Parul Saxena

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CA Parul Saxena (Expert)
23 September 2015 Wrong treatment is done...........it must be booked under 'Income from other sources'
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