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in tally how to enter cheque receipts and cheque payments
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Answer Posted / ravi
suppose a cheque amount of 10000 received through neft to our
bank account. which entry to be passed, contra or bank receipt
or bank payment and same when we pay a cheque and it is
cleared
| Is This Answer Correct ? | 12 Yes | 1 No |
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A and V enter into a joint venture to sell a consignment of biscuits sharing profits and losses equally. A provides biscuits from stock Rs 10000. He pays expenses amounting to Rs 1000. V incurs further expenses on carriage Rs 1000. He receives cash for sales Rs 15000. He also takes over goods to the value of Rs 2000. The profit on joint venture is 7 (a) Rs.3000 (b) Rs.5000 (c) Rs.6000 (d) Rs.3500
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