Hello Expert,
Please help me record in Tally for the half yearly investment in Atal Pension Yojna. Under what should i create the Ledger APY. And what exactly will be the entry.
Thanks in advance.
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Record atal pension yojna
Replies (12)
Check your
Drop a PM
Capital A/c
To Pension
To Pension
Thank you for the reply. Pension account to be created under which ledger group?
Sorry entry will be
Bank Alc
To Pension
Pension created under capital ledger
Bank Alc
To Pension
Pension created under capital ledger
If it is proprietorship and it is paid for proprietor then entry will be
APY Investment A/c Dr
Bank
It is half yearly payment as per your query. So it not receipt.
.
Previous member entry is wrong.
You may also use
Capital a/c Dr
To Bank
APY Investment A/c Dr
Bank
It is half yearly payment as per your query. So it not receipt.
.
Previous member entry is wrong.
You may also use
Capital a/c Dr
To Bank
How it can be directly in capital account
Bank
to Pension
Is it correct entry ?
It's not maturity amount. But half yearly payment?
I mean it's payment and not receipt
to Pension
Is it correct entry ?
It's not maturity amount. But half yearly payment?
I mean it's payment and not receipt
Yes as Amount received from bank, so bank is debited. It's a very basic rule, that what comes in debited
It's amount paid from Bank .
Bank balance should reduce and but your accounting can increase the bank balance and finally bank balance won't match
Bank balance should reduce and but your accounting can increase the bank balance and finally bank balance won't match
Okk it's payment.... So entry will be
Atal Pension Yojna (Investment Ledger)
To Bank
Atal Pension Yojna (Investment Ledger)
To Bank
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