Accounts entry

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 April 2012 I AM TO DEAL PATY CASH, DAILY I HAVE TO PAY VERIOUS KIND OF EXP.LIKE CONVEYANCE, COURIER, TA DA,IF I PAY SOME ONE RS. 650/- AS CONV. WHAT WOULD BE THE ENTRY IN TALLY9, I DONT WANT TO CREATE A LEDGER OF MANY PERSON, 2ND QUERY I DO IN TAALY9 - CONVEYANCE ..Dr. TO.. PATY CASH, IS IT RIGHT WAY TO MAKE ENTY IN TALLY9, PLEASE ANS. IN BRIEF

CA Chetan Patel

CA Chetan Patel (Expert)
Follow

20 April 2012 As you said that entry load is too much it is obviously not possible to create separate ledger for each person. you are passing correct entry but you can write narration for the payment you have made comprising name of person & purpose.

CA Kishore Tallam

CA Kishore Tallam (Expert)
Follow

20 April 2012 The purpose of petty cash itself is to meet all these petty expenses.
So, the entry made by u is correct.

Upgrade to CAclubindia Pro. Subscribe Now!

Querist : Anonymous

Querist : Anonymous (Querist)

20 April 2012 should i do like given below,

1st-conveyance Dr... to ... Conveyance payable and 2nd one is Conveyance payable.. Dr, To.. Pattycash / cash.