Dear experts, practically in bank statement's how these following entries are accounted in tally and general..
1. Cash withdrawal ( self and third person)
2. payment to someone
3.NEFT and RTGS transfer
4.Cheque deposit and cheque payment
5.cash deposit
6. Bank to bank transfer
Plse elucidate in entries way having with To and by concept
1. Cash A/c Dr
To Bank. A/c Cr
( Being cash withdrawal from Bank )
In Tally F4 -Contra entry
2. Trade Creditors A/c Dr
To Bank. A/c Cr
( payment to some one like creditors)
In Tally F5 payment entry
3. NEFT and RTGS is payment to some one
so entry will be
Creditors/ parties A/c Dr
To Bank. A/c Cr
( payment through NEFT /RTGS)
In Tally payment entry F5
4)Cheque received and deposited
Bank A/c Dr
Trade debtors A/c Cr
( cheque received from debtors )
Tally entry F6
Cheque payment entry
Trade Creditors A/c Dr
To Bank A/c Cr
( payment through cheque)
Tally entry F5
5. Cash deposited entry
Bank A/c Dr
To Cash A/c Cr
( cash deposited)
Tally entry F4 -Contra entry
6. Transfer from Bank X to Bank Y
Bank Y A/c Dr
To Bank X A/c Cr
( Amount transfer to Bank Y)
Tally entry F4 -Contra entry
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