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Tally problem

Rohit Srivastava (Article CA Final) (94 Points)

25 September 2012

In one of the company in my Tally ERP9, Current Liabilties is shown on the Assets side,How to rectify this?

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7 Replies

Sweta Srivastava (CS FINAL STUDENT) (127 Points)
Replied 25 September 2012

May be ur sundry creditors are in dr . side or creditors have give advance dats why current liabilities are showing in asset side in tally.

1 Like

CA Mandar Joshi (PRACTICE) (418 Points)
Replied 25 September 2012

major amount in your current liabilities items like sundry creditors must be showing debit balance. It may happen due to non booking of invoices or they may have paid advances. Please check each and every item in current liabilities. You will find the reason.

1 Like

Ganeshbabu K (Audit and Tax Advisory) (48559 Points)
Replied 25 September 2012

WHEN I HAVE TAKEN BACKUP FROM CLIENT AND RESTORED IT IN MY tALLY ERP 9 EDUCATION MODE,I AM UNABLE TO FIND AUDIT&COMPLIANCE OPTION,LET ME KNOW WHATS THE PROBLEM

Shubham Singhal (Student- ICAI) (175 Points)
Replied 26 September 2012

Dear rohit,

U might have paid in excess to the creditors, that's why the current liabilities are coming in asset side.

Poonam (CA Final Student) (218 Points)
Replied 26 September 2012

Originally posted by : Sweta Srivastava
	May be ur sundry creditors are in dr . side or creditors have give advance dats why current liabilities are showing in asset side in tally.

ya its only be a prob

subramanya (Professional) (907 Points)
Replied 26 September 2012

Originally posted by : ganeshbabu
	WHEN I HAVE TAKEN BACKUP FROM CLIENT AND RESTORED IT IN MY tALLY ERP 9 EDUCATION MODE,I AM UNABLE TO FIND AUDIT&COMPLIANCE OPTION,LET ME KNOW WHATS THE PROBLEM

Audit and Compliance will be enabled only for Auditor edition of Tally.ERP 9, its not enabled in Education mode or any other general license versions.

with regards,

Subramanya

Savarirayalu M S (Accountant) (22 Points)
Replied 29 July 2013

We have a company in india. We provide software service to company in USA.. but when they transfer the fund.. they convert it in INR and we receive money in INR via NEFT... We are running this business from 2 year.. Are we under service tax liability?