Tally entry

following entry pass which ledger & under which in ledger:given opening balancesheet

1. depriciation charged to furniture & fixture @ 10%,motor car @ 5% and office equipments @ 3%(on current balance).

2.court declared sfg ltd insolvent.so company has decided to write off his account.

3. sfg ltd returned 3 defective pagers.

4.sfg ltd cleared the bill no 2357 in full by cheque no.834781.break up for commission-A 3500,B 2500,C 3000.

(PL GIVE TREATMENT THOSE ENTRIES).

Replies (7)

Very first, you will have to post the opening balances in all the ledgers from opening balance sheet. Now pass the following entries:

1. depriciation charged to furniture & fixture @ 10%,motor car @ 5% and office equipments @ 3%(on current balance).

(After calculate depreciation)

Depreciation A/c...................Dr.

       To Furniture & Fixture A/c

       To Motor Car A/c

       To Office Equipment A/c

2.court declared sfg ltd insolvent.so company has decided to write off his account.

Bad Debts...........................Dr.

        To SFG Ltd.

3. sfg ltd returned 3 defective pagers.

Sales Return......................Dr.

        To SFG Ltd.

4.sfg ltd cleared the bill no 2357 in full by cheque no.834781.break up for commission-A 3500,B 2500,C 3000.

Bank/Cash.......................Dr.

        To SFG Ltd.

 

Pls revert for any further clarification.

entry no 4 .in which ledger entry no.4 is posted.

entry no.3 why sales return instead of purchase return.

Entry No.3: Since SFG Ltd has return the goods sold by you as you will have to debit the Sales Return.

Entry No.4: In Tally, you wlll have to post the entry thru receipt voucher. SFG A/c has to be credited and  Bank/Cash has to bebited (Assuming that you have already pass the JV at the time of preparation of bills)

entry2 where it is posted in tally?

export masters & entries from x ltd & import into y ltd. at tally how it is possibled?export combined balance sheet report in excel.how it is done? at tally display combined balance sheet & profit & loss report how it is done ?

 

Entry No.2 has to be passed through Journal Voucher.

icai at kolkata has olt exam and project presentation of itt training.if you knowabout it please tell me details sourse of olt question & answer & project?

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 08 August 2026
Article Assistant

Sanath Sheshagiri & Co.

Bengaluru

CA Inter

View Details
Company
24 August 2026
Semi-Qualified CA/CA Finalist - Tax, GST, Audit & Accounts

Bharat Shah & Associates

Mumbai

CA Inter

View Details
Company
19 August 2026
PAID ARTCILE ASSISTANT

My Legal Tax Consultants Pvt. Ltd.

Noida

CA Inter

View Details
Company
ARTICLESHIP 25 August 2026
CA Article's

Saini Pati Shah & Co LLP

Mumbai

CA Inter

View Details
Company
Featured 19 August 2026
Chartered Accountant

apricus india

Pune

CA

View Details
Company
ARTICLESHIP 17 August 2026
Article Assistant

Jain Ankit and Co

Gurgaon

CA Inter

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
ARTICLESHIP 24 August 2026
Chartered Accountant Articles

Rohit KC Jain & Co

New Delhi

CA Inter

View Details