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Accounting

14 September 2018

Dear all,

One of client who is running school has sent me there accounts in Tally however the reciepts and payments accounts is not matching, is it possible. If yes, than what can be probable reasons for the same??

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13 Replies

Ruchika Somani (Coaching and Practice in Tax Audit Law.) (4429 Points)
Replied 14 September 2018

Your query is not clear. Kindly brief about the same.

You can reach me at : ruchasom @ gmail.com

(Guest)

Not able to understand ur query Pls explain

1 Like

CA Shruti kuchhal (CA ) (427 Points)
Replied 14 September 2018

Thanx for the reply.

My client is a Society which is running a school in Ghaziabad. They maintain there accounts in Tally. This year when i start auditing there accounts, i noticed that that the reciepts and payments accounts which is generated automatically in Tally is not tallying, there is differnce in total of Reciepts and payments which generally used to tally.

Here my querry is can it be possible that there is totalling difference in recipts and Payments accounts in tally? if yes, then what can be probable reasons for the same.

Ashwin Kumar (1229 Points)
Replied 14 September 2018

your question is not clear..reciepts side and payment sidees are not matching means possibilities are

1. some figures are incorrect

2.some transactions are missing

1 Like

(Guest)

The Receipts and Payments Account in Tally.ERP 9 displays the information based on the default primary groups. It is updated instantly with every cash/bank transaction/voucher that is entered and saved. No special processing is required to produce a Receipts and Payments Account in Tally.ERP 9.

1 Like

CA Shruti kuchhal (CA ) (427 Points)
Replied 14 September 2018

Thats is what my is query what can be the reasons for its not tallying

Divakar (Student CA Final ) (11857 Points)
Replied 14 September 2018

Mam there is balance... It should be that payment is less than receipt

Piyush Shirodkar (CA Final Student) (1358 Points)
Replied 14 September 2018

Check for the opening balance @ CA Shruti

Divakar (Student CA Final ) (11857 Points)
Replied 14 September 2018

Receipts and payment accounts me v opening balance hote h kya?????

(Guest)

Trial balance me hote h 😁😁

Piyush Shirodkar (CA Final Student) (1358 Points)
Replied 14 September 2018

Yes opening cash and bank balance I mean to say

(Guest)

Exam pass kar le bhai itna expert h to

(Guest)

Originally posted by : CA Shruti kuchhal
	Thanx for the reply. My client is a Society which is running a school in Ghaziabad. They maintain there accounts in Tally. This year when i start auditing there accounts, i noticed that that the reciepts and payments accounts which is generated automatically in Tally is not tallying, there is differnce in total of Reciepts and payments which generally used to tally. Here my querry is can it be possible that there is totalling difference in recipts and Payments accounts in tally? if yes, then what can be probable reasons for the same.