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If i have started a new institution than what are the
entries i have to passed in tally
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Answer / s n shah
As such no entry. If any transaction takes place then
accounting entry is to be passed. You can create the
company name in tally
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WHAT ENTRY PASSED IN BOOOKS OF ACCOUNT IF INVOICE BILING AS UNDER :. SUB TOTAL = 428325.45 VAT @12.5%= 53540.68 Additional vat 1%= 4283.25 ORDER DISCOUNT = (9722.99) ROUNDED OFF = 0.39 -------------------------- NET AMOUNT = 476426.00
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