DEAR SIR,
A CUSTOMER INVEST IN MY COMPANY OF RS. 5040 IN 12 PREMIUM OF RS. 420, BUT PLAN AMOUNT IS 5000 & COMPLETING AFTER ONE YEAR MATURITY AMOUNT IS 5750, HOW TO PASS ENTRY IN TALLY
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Tally entry
Replies (3)
Ganesh Sir,
Are you going to return the Excess amt with the maturity Amt? ie 5750+40=5790.
DEAR SIR,
NO PAID OF EXCESS AMOUNT, ONLY MATURITY AMOUNT 5750 IS PAID TO CUSTOMER.
1) Entry for Receipt of Amt in Receipt :
Cash/Bank A/c Dr. 420
To Respective Income A/c 420 (For 12 Installments)
2) Entry for Payment of Amt in Payment:
Respective Expense A/c Dr. 5750
To Cash/Bank A/c 5750
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