Tally group of company paying salary

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I receive salaries from my co.

In Tally I am punching, Cr "Company" a/c & Dr my bank a/c.

What Tally GROUP should be taken for "Company" a/c?

Replies (8)
Salary dr. / to cash

Use Income Group

For Dr. "Company", are you sure it has to be Income GROUP? If yes, DIRECT INCOME or INDIRECT INCOME?

Sorry, it has to be read as:

For Cr. "Company", are you sure it has to be Income GROUP? If yes, DIRECT INCOME or INDIRECT INCOME?

In TALLY, for Cr. "Company", will it be Income GROUP? If yes, DIRECT INCOME or INDIRECT INCOME?
 PLEASE REPLY

Salaries are under income group.It is indirect income.

Company is under debtors for others group.

Can I make a ledger (my co. name) & put it under Sundry Debtors?

If NOT (Sundry Debtors), please suggest EXACT Tally GROUP.

 

yes you can,

put your company as debtor.

then pass 2 entries

company a/c dr

        to salary income

(for salary due)

then

bank a/c dr

      to company a/c

(on receipt of salary)


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