Tally entry

1. i think the jouranal will be like this, rent account dr.xx electricity bill account dr.xx company's bank account xxx 2.u just treat it as a cash purchase. if this is not right answer please forgive me and inform me the right answer.

For the point No 2, the entry will be Entertainment A/c Dr to Cash/Bank A/c This will avoid the name of the receiver kin the books.

For point No.1., if the V.P. is returning the amount back to the company, the entry will be V.P. (personal name-Debtors)a/c Dr to Ele.charges A.c to Rent A/c. Ele, Charges A/c dr Rent A/c Dr to Cash/Bank A/c. When amount received from V.P Give credit to personal account of V.P thourgh Cash/Bank book

For the point No 2, the entry will be Entertainment A/c Dr to Cash/Bank A/c This will avoid the name of the receiver kin the books.

Mr.Rao

I think this is not the right entry because these expxnses are personal in nature

thank for giving me the right entry.

For point No.1., This expenses of personal nature so it will not be allowed in the name of company therefor there is no need to post in expense head entry will be V. P. Dr. To Bank Account (Being expenses of V. P. Paid by company) Second entry for when amount received from V.P. Bank/ Cash DR. To V. P. 2. If payment in cash or Bank then you can avoid entry otherwise you can not avoide you have have make entry

If V.P provides capital to the business then what will be the treatment for the same two points which i have stated earlier.

hi 1 is same as shiji 2 is cash purchase or credit purchase?

2 nd is if cash purchase is expenditure a/c dr to cash if credit purchase gifts or promotion ex a/c dr to supplier name

What rubish The entries which are provided by shiji is absolutily wrong.

Can anybody give me Tally 9.0