Hi, As I don't have much experience in tally, today I tried to to open personal account to monitor my daily transaction. The doubt for me is related to groceries.
my question is:
1, In personal account groceries comes under indirect expense or purchase?
2, in tally receipt, do I need to use purchase or payment for the entries?
Groceries is an expeneses, you are not generate any selling production with this product, this will generate energy to you, and with ths energy you can work and act, as per my point of View its an expenses only.
If you spend on credit basis, you journal entries, else direct payment entry for accounting this
Sorry, I am not a featured member...
for featured member contact..
https://www.caclubindia.com/catalogue/featured.asp
How to enter grocerry purchase bills its belongs to meals and entertainment or which cateogory please explain im using zoho books in accounting maintenance
R P S K & Associates
Nashik
CA Inter
View Details
T R SOOD & CO
New Delhi
CA Inter
View Details
Rahul Dang & Associates-Chartered Accountants
Pune
CA Inter
View Details
CAclubindia
