DEAR SIR,
A CUSTOMER INVEST IN MY COMPANY OF RS. 5040 IN 12 PREMIUM OF RS. 420, BUT PLAN AMOUNT IS 5000 & COMPLETING AFTER ONE YEAR MATURITY AMOUNT IS 5750, HOW TO PASS ENTRY IN TALLY
3 Replies
Harshad Kanekar
(Taxation and Accounts Executive)
(314 Points)
Replied 19 May 2016
Ganesh Sir,
Are you going to return the Excess amt with the maturity Amt? ie 5750+40=5790.
GANESH KUMAR KASHYAP
(Private Job)
(206 Points)
Replied 19 May 2016
DEAR SIR,
NO PAID OF EXCESS AMOUNT, ONLY MATURITY AMOUNT 5750 IS PAID TO CUSTOMER.
Harshad Kanekar
(Taxation and Accounts Executive)
(314 Points)
Replied 19 May 2016
1) Entry for Receipt of Amt in Receipt :
Cash/Bank A/c Dr. 420
To Respective Income A/c 420 (For 12 Installments)
2) Entry for Payment of Amt in Payment:
Respective Expense A/c Dr. 5750
To Cash/Bank A/c 5750
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