banner_ad

Tally entries

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
27 May 2016 Respected Sir,
while doing bank statement's entries in tally7.2, we put all the credit side (Deposit side) items in Receipt Vouchers and Debit side (Withdrawal side) items in Payment vouchers.
but while looking in the ledger it shows all receipts entries under Debit column & all payment entries under credit column.why it shows opposite? Can you please give explanation
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
27 May 2016 sir, we make payment in bank, its means you are deposit the amount you have debit the bank and credit the debtor/cash. and you make payment then you credit the bank and debit to exp./creditors.
Profile Image

Murtaza I Bhagat

Profile Image

Murtaza I Bhagat (Expert)
27 May 2016 It because in Tally if any amount comes it will debited that means debit balance as assets and if goes/withdrawal it will credited as reduction. exact opposite of bank statement.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
03 May 2026
Senior Chartered Accountant

Nirmal Jain & Co

New Delhi

CA

View Details