Basics concepts

for example in my tally payment entry

I purchased 50000 worth of goods

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???
Replies (12)
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.

Follow creditors ledger
If I want to payable means the amount shown in credit side???
Bill booked credit side
bill paid debit side
Thank you so much .🙏
Purchases/ exp a/c Dr
To Creditor

Creditor a/c Dr
To Bank
Input gst entries missing
There is no information given by queriest on ITC..

Doubt was on purchase and payment

If you are feating apaybel entry then show it under Purchase voucher with the name of the supplier. It automatically creates a credit entry. 

Creditor a/c Dr
To Bank
If we paid means this entry sir??
Yes .

Customer name a/c Dr
To Bank

( Classification of customer can be unde Sundry Creditors)
Typically ,ledger account it consists "To and "By what does it mean ....??

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