I receive salaries from my co.
In Tally I am punching, Cr "Company" a/c & Dr my bank a/c.
What Tally GROUP should be taken for "Company" a/c?
8 Replies
Sandeep Himatsingka
(SCM-Head)
(85 Points)
Replied 18 May 2012
For Dr. "Company", are you sure it has to be Income GROUP? If yes, DIRECT INCOME or INDIRECT INCOME?
Sandeep Himatsingka
(SCM-Head)
(85 Points)
Replied 18 May 2012
Sorry, it has to be read as:
For Cr. "Company", are you sure it has to be Income GROUP? If yes, DIRECT INCOME or INDIRECT INCOME?
Sandeep Himatsingka
(SCM-Head)
(85 Points)
Replied 18 May 2012
In TALLY, for Cr. "Company", will it be Income GROUP? If yes, DIRECT INCOME or INDIRECT INCOME?
PLEASE REPLY
CA.Varalakshmi.M
(Manager-Finance)
(482 Points)
Replied 18 May 2012
Salaries are under income group.It is indirect income.
Company is under debtors for others group.
Sandeep Himatsingka
(SCM-Head)
(85 Points)
Replied 18 May 2012
Can I make a ledger (my co. name) & put it under Sundry Debtors?
If NOT (Sundry Debtors), please suggest EXACT Tally GROUP.
ashish gupta
( student)
(1922 Points)
Replied 18 May 2012
yes you can,
put your company as debtor.
then pass 2 entries
company a/c dr
to salary income
(for salary due)
then
bank a/c dr
to company a/c
(on receipt of salary)
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