School bus fee balance pendind or receivable ₹2000 later this amount allowed as discount. How to enter in Tally.
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Tally entry
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@ Appanna
School bus fees receivable by whom ?. school ? please clarify.
I started to do school Accounts general data entry as part time. I lost my supervisor job due to corona. Someone told to take tally training for better future. I am B.A. student gt tally coaching of 1 month. I think they not trained me properly. I am having confusion while making entries. School at Ramnagara village.
1) By Discount paid on school bus fee A/c Dr. To School bus fee receivable A/c Cr. OR. 2) By Discount paid on school bus fee A/c Dr To School bus fee received A/c Cr which one is correct ? I am going to make entry in tally in journal voucher f7. Is this correct ? Plse guide me sir.
Discount on Bus fees A/c Dr
To Bus fees receivable A/c Cr
( Bus fees receivable discount allowed )
Then Discount on bus fees will be transferred to Income & Expenditure A/c ,entry will be
Income & Expenditure A/c Dr
To Discount. on Bus fees A/c Cr
( Discount allowed on bus fees transfer to I&E A/c)
To Bus fees receivable A/c Cr
( Bus fees receivable discount allowed )
Then Discount on bus fees will be transferred to Income & Expenditure A/c ,entry will be
Income & Expenditure A/c Dr
To Discount. on Bus fees A/c Cr
( Discount allowed on bus fees transfer to I&E A/c)
Than you very much for your kind advice/guidance sir.
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