Sunni (Intern) (144 Points)
04 April 2013Dear All,
I am from a commerce background but still I dont have a grip on accounts. Im still scared of accounts. My foundation was not so good.
I wanna get rid of my fear for accounts. Im trying to learn tally without any help.
Its just that, since im weak in accounting, im confused at times.
KINDLY help me with differentiating what is JOURNAL VOUCHER, PAYMENT VOUCHER.
What is the difference ?
Thanks in advance.
Mihir
(Wealth Manager)
(5293 Points)
Replied 04 April 2013
When you are making a payment in cheque or electronic transfer (NEFT/RTGS), then you prepare a payment voucher.
Salary paid in cheque comes in payment voucher. Cheque given to creditor comes in payment voucher.
If it is in cash, then prepare a cash voucher.
If there are no cash or bank in the transaction, then prepapre journal voucher.
Creating provision such as salary at the end of the month does not include any actual payment by cash or cheque. This is a journal voucher.
Depreciation, passing income tax provision, provision for bad doubtful debts, provision for contigencies, all these are non-cash/bank transaction and a journal voucher is prepared.
Ganeshbabu K
(Audit and Tax Advisory)
(48564 Points)
Replied 04 April 2013
GO TO THIS LINK,YOU CAN SEE MORE USEFUL TALLY TIPS AND TALLY GUDE TO LEARN AND EXPERT IN IT
Yatrik Jobanputra
(CA Final Student)
(170 Points)
Replied 04 April 2013
Payment Voucher simply means payment of all types of expenses e.g. Telephone bill, Electricity bill, Salary expenses, etc.
Any payment either through Cash / Bank should be entered in Payment Vocuher.
Journal Vocuher in the simplest manner means any entry which is not receipt / payment / sales / purchase would be entered through Journal Voucher.
For example, Provision for Expenses, Depreciation on Assets, Transfer entry from One Ledger to another, etc..
Regards,
Yatrik Jobanputra
CA Kumar Mukesh
(CA CMA FINAL and Advance Excel Trainer)
(6881 Points)
Replied 08 April 2013
| Originally posted by : Sanjana | ||
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Dear All, I am from a commerce background but still I dont have a grip on accounts. Im still scared of accounts. My foundation was not so good. I wanna get rid of my fear for accounts. Im trying to learn tally without any help. Its just that, since im weak in accounting, im confused at times. KINDLY help me with differentiating what is JOURNAL VOUCHER, PAYMENT VOUCHER. What is the difference ? Thanks in advance. |
 |
Its Better for you please read file attached herewith to get some clarification about basis principle of Accounting then after you can proceed further
CA Kumar Mukesh
(CA CMA FINAL and Advance Excel Trainer)
(6881 Points)
Replied 08 April 2013
Sorry for that please check link below
Neman Patel
(2 Points)
Replied 03 August 2023
I have doubt on tally erp version my doubt is can I change or update the price list of item directly from the sales voucher or purchase voucher. Sometimes when I am doing purchase entry then I need to change the rates of price so I need go to the back and changes the price of item from price list
CAclubindia
