Reciepts and payments
This query is : Resolved
21 August 2012
payments are shown on credit side but in tally it is shown on debit side
21 August 2012
Dear Anand,
Payments means expenditure and it should be showed in the debit side only and hence the tally is showing correctly.
Golden Rules,
NOMINAL A/C:
Debit all expenses & Loses
Credit all income & Gains
Payments means expenditure and it should be showed in the debit side only and hence the tally is showing correctly.
Golden Rules,
NOMINAL A/C:
Debit all expenses & Loses
Credit all income & Gains
Message likes :
1 times
21 August 2012
To Add On its Just Because of the Name Receipt & Payment we are showing Payments on Credit Side
Dont Confuse yourself just go with the concept
Dont Confuse yourself just go with the concept
Message likes :
1 times
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