Tally entry

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Padmaja CA

Padmaja CA (Querist)
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15 September 2012 Sir

What is entry in tally for our own Cheque discount with banker
Thanku sir

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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15 September 2012 Capital a/c dr ****(with net amt)
Discounting charges a/c dr ****(with discount amt)

To Bank a/c ****(with gross amount i.e cheque amount)

(Being cheque discounted with the bank for *** monts and discounting charges collected by the bank)

Note: You can use Bank charges instead of Discounting charges.

Note: in case you utilized this amount for any other purpose instead of personal use then replace capital amount with such payee or expenditure.

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