Tally entry

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