Tally entry reg

Suvitha (Accountant) (385 Points)

17 July 2018

Hi Sir,

it's a non profit organisation rent paying rs.2500 /- few month they asked use help to people now how is pass tally entry

thanks

R.Suvitha

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5 Replies

prasad Nilugal (3914 Points)
Replied 17 July 2018

Rent A/c Dr

To Bank A/c Cr

( Being rent paid )

Rent under indirect expense ,P&L a/c

1 Like

prasad Nilugal ( GST Practitioner & Accounts ) (14801 Points)
Replied 17 July 2018

Correction in above entry that it should be uder Income & expenditure account insted of Profit and loss a/c

1 Like

Suvitha (Accountant) (385 Points)
Replied 17 July 2018

dear sir ,

it's not reflected bank .....

2 Like

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 17 July 2018

If you are not paid bank payments then make cash payment entry as per above...

Rent A/c Dr - Rs. 2500
To Cash A/c - Rs. 2500

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Vinod Babu (24191 Points)
Replied 18 July 2018

Yes if rent paid by cash, the journal entry will be
Rent A/c Dr..... Rs. 2500
To Cash A/c Rs. 2500
(Being rent paid by cash)

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