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.

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