Demand draft will come under which head

A/c entries 12425 views 4 replies

Demand draft will come under which head and what will be the entry if we pay for a demand draft to CMO

Replies (4)
Demand Draft should be shown under Bank accounts

Demand Draft to CMO A/c dr
to Bank a/c

What's the purpose of payment?

DD charges which shown in tally

DD Expenses should be shown under Indirect Expenses in Tally


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