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


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"?

23 September 2015 Wrong treatment is done...........it must be booked under 'Income from other sources'


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