Dear Colleagues,
There is a Cargo Handling Company. It maintains its books of accounts in Tally ERP9. Here, all the revenue due from parties is passed through sales vouchers. The expenses such as electricity, stationery, etc is shown in journal vouchers. Earlier such entries were passed through purchase vouchers.
Plz guide me as to what is the correct accounting mathod that must eb adopted by the company.
Tahnks in advance.
If they are making provision for expenses they should pass entry through journal voucher and if they are directly booking expenses they can pass through purchase voucher and also they are correct in passing revenue entry in sales voucher
its right to show in journal vouchers
Abic and Mani Chartered Accountants
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