if I paid means which side it will shows in payment entry and also if a need to payable means which side it will be shown in my tally payment entry could you please explain me???
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Quick Summary
This discussion clarifies how payment entries are recorded in Tally software, specifically for purchases and payables. It explains that when goods are purchased, the entry typically debits the purchases or expense account and credits the creditor. When a payment is made to a creditor, the creditor's account is debited, and the bank account is credited. The conversation also touches upon the meaning of 'To' and 'By' in ledger accounts.