School Accounts. School bus fee receivable ₹10000 but School bus fee received ₹8000. Balance allowed as Discount on school bus fee ₹2000. How to make entry in tally. In tally Receipt Voucher or journal voucher ?
7 Replies
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 12 October 2020
Receipt voucher updates receivables received automatically? If that is the case, use journal voucher and it is my favourite because you can modify all accounts. If you have received payments and 2000 is pending, then pass a journal for that amount 2,000₹ to bad debt or discount allowed depending upon your convenience.
sabyasachi mukherjee
(27574 Points)
Replied 12 October 2020
Gomes
wrong in case of any receipt bank or cash pass receipt entries.
wrong in case of any receipt bank or cash pass receipt entries.
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 12 October 2020
Mukherji
I learned it from download version so no way to find out what happens after the payment is received. Millions of them don’t know that all transactions are to covered,
Accounting wise, it is possible,
Bank 8000
Bad debt 2000
To Receivables 10000
sabyasachi mukherjee
(27574 Points)
Replied 12 October 2020
If it is a conventional sap it will not allow entry of receivables.
All receivables is linked to an invoice.
Unless the receipt is linked to an invoice it will not allow such entry.
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 12 October 2020
If I get a chance, I’ll work in tally if the process involves holistic accounting process which is rare.
Kutub Hamid
(118 Points)
Replied 12 October 2020
In receipt voucher
Bank/ cash a/c Dr. . ₹8000
Discount A/c Dr. ₹2000
To School Bus fee Receivable A/c ₹10,000
(i assume you would have passed a JV earlier for School bus fee receivable
i. e- School bus fee receicable A/c Dr. ₹10,000
. . . . . To particular student/class A/c ₹10,000)
Bank/ cash a/c Dr. . ₹8000
Discount A/c Dr. ₹2000
To School Bus fee Receivable A/c ₹10,000
(i assume you would have passed a JV earlier for School bus fee receivable
i. e- School bus fee receicable A/c Dr. ₹10,000
. . . . . To particular student/class A/c ₹10,000)
Recent Topics
- Issue with refund for person who has filed for rel
- How to take ITC for October 2024 GST Payment in PM
- How to refund a wrong transaction Phone Pe?
- Avoiding tax audit in case of intraday equity loss
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
Related Threads
CAclubindia
