Dear frends any one tell me that what type of ledger is putted in the following group and why?
1) bank occ a/s, 2)deposite, 3) loans and advances
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hi frends
Replies (7)
1. All the overdrafts ledgers showing credit balances with any banks are to be put in group 1)....
All the funds raised by taking deposits from any financial insti. or individuals are deposits. Such ledgers are to be shown in group 2).
And the other way....if you have paid any advance to any person or insti. by way of either loan or advance, ledgers of such individuals or insti. are to be dumped in group 3).
I think you are asking about tally....right???
Anyways i think it should help...
If i am wrong....in any information...do tell me....bbye.
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