How to Create Expenses Ledgers in Tally for TDS
TUTORIAL - EXPENSES LEDGERS FOR TDS IN TALLY
Transactions
1) 01.05.2013: XYZ Company received a bill from M/s.Indian Shipping services pvt ltd., for 100,000 towards C&F Charges.
2) 02.05.2013: XYZ Company received a bill from M/s.B.M.Shipping Services LTd., for Rs.80,000 towards C&F Charges.
3) 03.05.2013: XYZ Company received a bill from Mr.A.Kumar for Rs.60,000 towards sales commission charges.
4) 06.05.2013: XYZ Company received a bill from M/s.P.V.Rao & Co. Ltd., for Rs.89,000 towards Consultant Charges.
5) 06.05.2013: XYZ Company received a bill from M/s.Reliance Financial services Ltd., for Rs.96,000 towards interest charges.
6) 08.05.2013: XYZ Company received a bill from M/s.Kanna Financial services pvt ltd., for Rs.38,000 towards Interest charges.
7) 09.05.2013: XYZ Company received a bill from M/s.Rock Financial services pvt ltd., for Rs.45,000 towards Interest charges.
8) 10.05.2013: XYZ Company received a bill from Mr.K.Sundar for Rs.99,000 towards commission charges.
9) 11.05.2013: XYZ Company received a bill from M/s.C.P.chartered services pvt ltd.,for Rs.52,000 towards Consultant charges.
2) 02.05.2013: XYZ Company received a bill from M/s.B.M.Shipping Services LTd., for Rs.80,000 towards C&F Charges.
3) 03.05.2013: XYZ Company received a bill from Mr.A.Kumar for Rs.60,000 towards sales commission charges.
4) 06.05.2013: XYZ Company received a bill from M/s.P.V.Rao & Co. Ltd., for Rs.89,000 towards Consultant Charges.
5) 06.05.2013: XYZ Company received a bill from M/s.Reliance Financial services Ltd., for Rs.96,000 towards interest charges.
6) 08.05.2013: XYZ Company received a bill from M/s.Kanna Financial services pvt ltd., for Rs.38,000 towards Interest charges.
7) 09.05.2013: XYZ Company received a bill from M/s.Rock Financial services pvt ltd., for Rs.45,000 towards Interest charges.
8) 10.05.2013: XYZ Company received a bill from Mr.K.Sundar for Rs.99,000 towards commission charges.
9) 11.05.2013: XYZ Company received a bill from M/s.C.P.chartered services pvt ltd.,for Rs.52,000 towards Consultant charges.
Note: You Must use Tally new version to enable Quick setup option. (Otherwise upgrade your Tally version)
-> From the Gateway of Tally, select Quick Setup (Shortcut Key "K")
For the above Transaction you will create the following Ledger accounts:
Name of Ledger
|
Under
|
Is TDS Applic
able
|
Default Nature of payment
|
C&F Charges (For Transaction Nos: 1,2)
|
Indirect Expenses
|
Yes
|
Payment to sub-contractors
|
Sales Commission Exp (For
Transaction Nos: 3,8)
|
Indirect Expenses
|
Yes
|
Commission or Brokerage
|
Consultant charges (For Transaction Nos: 4,9)
|
Indirect Expenses
|
Yes
|
Fees for Professional or Technical services
|
Interest on Loans (For Transaction Nos: 5,6,7)
|
Indirect Expenses
|
Yes
|
Interest other than Interest on securities
|
For More Information pls Contact Us
G.S.VASU
0 comments:
Post a Comment