Thanks for Reply,
I have one more doubt. when creating the company which type of accounts will select
>Accounts with Inventory
>Accounts only
1. A company give march salary at may month only. But we do not know the Exact salary for march at the ending of march month........How to treat In tally.whether it treat as memorandum voucher
Pls reply me
select accounts with inventory if the company concerned is not service sector.
Hi
Accounts with Inventory is selected only when you are also going to maintain the stock physically or dealing with stock whether raw material, or Finished goods etc.
You can pass a provisional entry on the estimate basis for the march month's salary in the march month for following the matching principle of accounting.
CAclubindia
