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Reciepts and payments

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(Querist)
21 August 2012 payments are shown on credit side but in tally it is shown on debit side
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Ahamed

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Ahamed (Expert)
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
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SANYAM ARORA

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SANYAM ARORA (Expert)
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
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