Transactions query
MPR Sanjay Kumar (3106 Points)
07 June 2022MPR Sanjay Kumar (3106 Points)
07 June 2022
Eswar Reddy S
(CFO- at NHTF)
(58263 Points)
Replied 07 June 2022
prasad Nilugal
( GST Practitioner & Accounts )
(14606 Points)
Replied 07 June 2022
Journal entries in F7: Tally are other than , Contra entry , receipt entry, payment entry , wherein no involvement of Cash/ Bank .
For example Depreciation charged on Machinary at the end of the year, Can be entered in journal as follows.
Depreciation. A/c Dr
To Machinery A/c Cr
( Depreciation charged on Machine)
So in above entry no cash inflow or Outflow .
Eswar Reddy S
(CFO- at NHTF)
(58263 Points)
Replied 07 June 2022
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