Did you not receive my second big answer.... I submitted and the work is lost...sometimes network is a Bad problem....
this is not a new journal, you have to adjust it with existing one. Abc is like this
ABC debtors a/c
To sales a/c
now you have to Change it to
XYZ ENDORSEEA/c
To ABC DEBTORS A/C
when XYZ makes the payment
BANK A/c
TO XYZ ENDORSEE A/C
Did you not receive my second big answer.... I submitted and the work is lost...sometimes network is a Bad problem....
this is not a new journal, you have to adjust it with existing one. Abc is like this
ABC debtors a/c
To sales a/c
now you have to Change it to
XYZ ENDORSEEA/c
To ABC DEBTORS A/C
when XYZ makes the payment
BANK A/c
TO XYZ ENDORSEE A/C
@ Ranjnish Goel entries are easy to understand. Follow it. Sry I got confused between Chirag and you and the guy taking money.
Please clear me that in which group Chirag will come in tally
Since advances to employees accounting is possible, go to payments, choose expenses (advance on expenses or loans because Chirag will pay back and the c any is not paying his expenses) and Chirag employee name.
Chirag is not employe than which group we should put
If Chirag is outsider, he is a debtor. Create him as a debtor with his details.
We can do direct payement to debtors Dr.chirag (debtors) cr.bank it can be entry
In tally, loans and advances are given through payments voucher. This is complex. First you create Chirag as debtor, and
Chirag a/c
To bank a/c is correct
Chirag is debtor or loan and advanced which group
Chirag is the only way in tally. If you use loans, there must be a reconciliation try between bank and Chirag and loans account. So it is double work. It will be GL work.
So it means Chirag will debtors in groups
Please tell me group
Yes, go to alter ledger, add Chirag as debtor and go to payments, then do the transaction
Sry I meant go to ‘create subledger’
Yes it means that Chirag group will be sundry debtors
CAclubindia
