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Tally entry

Appanna (Supervisor) (63 Points)

10 October 2020

School bus fee balance pendind or receivable ₹2000 later this amount allowed as discount. How to enter in Tally.

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5 Replies

prasad Nilugal ( GST Practitioner & Accounts ) (14242 Points)
Replied 10 October 2020

@ Appanna

School bus fees receivable by whom ?. school ? please clarify.

Appanna (Supervisor) (63 Points)
Replied 10 October 2020

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.

Appanna (Supervisor) (63 Points)
Replied 10 October 2020

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.

prasad Nilugal (3914 Points)
Replied 11 October 2020

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)