Insurance Claim Under Which Head In Tally

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Insurance Claim Under Which Head In Tally. Now your tcs in tally erp 9 is setup and tally ready for you to pass entries with tcs! There is a car in the co's book and the insurance claimed by the co and the cheque has been recieved.

Insurance Claim Under Group In Tally User Defined
Insurance Claim Under Group In Tally User Defined from stardollandwikokaro.blogspot.com

Here is the list of ledger head and respected group of ledger. I want to know that this amount is treated as an income of the co or the value of car has to be increased. Tally ledger under group list.

List Of Ledgers & It’s Under Group In Tally Ledger Name To Be Created Tally Under Group Head Accrued Income Current Assets Accrued Rent/ Accrued Income Current Assets Advertisement Expenses Indirect Expenses Advertisement Payable Current Liabilities Air Conditioner Fixed Assets Apprentice Premium Direct Incomes

Fixed assets are purchased for long term and business operations purpose to generate income and which cannot be easily converted into cash, such as furniture, plant and machinery, land, building and office equipment etc. From the following figures, calculate the amount of claim to be lodged with the insurance company for loss of stock: Similarly during sales too such instances occur.

Pending Insurance Claim At The End Of The Financial Year By:

15 accounting problems on insurance claims insurance claims: To add the voucher reference number and date, press f12 and enable the option use ref. Insurance company account ( under sundry insurance ) credit this entry means that we are receiver of cash and bank is our representative.

So, In The Above Example Insurance Premium Pertaining To The Period 1St June To 31St March, 2010 Only Will Be Accounted In The Books Of Account For The Fy 2009010 (In Other Words It Will Be Debited To Profit And Loss Account) And The Balance Insurance Expenses For The Month Of April 2010 And May 2010 Should Be Debited To The Profit And Loss Account Of The Fy.

In every implementation of group wise tally ledger list prepared first which affects trading a/c, profit and loss a/c and balance sheet. In tally.erp 9, each pay head is to be created as an individual ledger account and grouped under its respective group i.e., all earnings pay heads under indirect expenses group or direct expenses group and all deductions pay heads under current liabilities, current assets and duties & taxes group. Select nature of purchase / expenses and set yes to ineligible input tax credit.

Conclusion The Initial Configuration Of Tcs In Tally Erp 9 Is Actually Pretty Simple;

Tally erp 9 ledgers creation under proper group of accounts is main part of tally erp 9 implementation. Problem and solution # 1. So , this account will debit in voucher entry and insurance company is giver of claim amount and this entry is.

Record A Purchase Voucher For Automatic Tax Calculation For Gst, Or Otherwise Record A Journal Voucher For Manual Calculation.

Enter amount of taxable value and press enter. Unlike health insurance, car insurance policies are actually made of several type. Now your tcs in tally erp 9 is setup and tally ready for you to pass entries with tcs!

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