By Bank A/c
its was easy question guys. ask another one
I HAVE A JWELLERY SHOWROOM,AND I MAINTAIN MY ALL INCOME EXP FRM SBI.NOW IF I PAY OUTSTANDING PURCHASE ORNAMENT AMOUNT TO MY CREDITOR HW WILL I PASS THE ENTRY IN MY SBI ACCOUNT INTALLY ABD WHICH MODE I HAVE TO SELECT
PLZ SOLVE MY PROBLEM WITH AN EXAMPLE TO UNDERSTAND
sir/madam ...i geting some confusion about contra entry ...please clear the doubt in contra voucher
cash deposit into bank.........?
i enter in tallyerp9 version.....i contra slect ok.......1st whos name will be creat
means like this type
its in tallya
account........here what to type bank or cash..........
DEAR ALL ......I HAVE A SIMPLE FORMULA FOR ACCOUNTING CONFUSIONS
DR. FOR WHICH IS GETTING OR RECIEVING
CR. FOR WHO IS PAYING OR GIVING
FOR EXAMPLA IN CONTRA IF WE DEPOSIT THE CASH IN BANK ACCOUNT THEN IT WILL BE
CASH A/C CR. BECAUSE CASH IS GIVING OR PAYING TO BANK IN THE SITUATION
BANK A/C DR. BECAUSE BANK IS GETTING OR RECIEVING THE CASH IN THE SITUATION
THUS ENRTY WILL BE BANK A/C DR.
CASH A/C CR.
what comes in Dr...
what goes out in Cr...
bank a/c dr
to cash a/c