I receive salaries from my co.
In Tally I am punching, Cr "Company" a/c & Dr my bank a/c.
What Tally GROUP should be taken for "Company" a/c?
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Tally group of company paying salary
Replies (8)
Salary dr. / to cash
Use Income Group
For Dr. "Company", are you sure it has to be Income GROUP? If yes, DIRECT INCOME or INDIRECT INCOME?
Sorry, it has to be read as:
For Cr. "Company", are you sure it has to be Income GROUP? If yes, DIRECT INCOME or INDIRECT INCOME?
In TALLY, for Cr. "Company", will it be Income GROUP? If yes, DIRECT INCOME or INDIRECT INCOME?
PLEASE REPLY
Salaries are under income group.It is indirect income.
Company is under debtors for others group.
Can I make a ledger (my co. name) & put it under Sundry Debtors?
If NOT (Sundry Debtors), please suggest EXACT Tally GROUP.
yes you can,
put your company as debtor.
then pass 2 entries
company a/c dr
to salary income
(for salary due)
then
bank a/c dr
to company a/c
(on receipt of salary)
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