WHAT IS ACCOUNTING HEAD FOR TRADE FINANCE? I HAVE PAID 49268
FOR TRADE FINANCE.WHERE SHOULD I TAKE IN TALLY
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Answer Posted / Shakti Singh Chauhan
In accounting, the trade finance account head would typically be categorized under 'Trade Payables' or 'Trade Receivables', depending on whether it represents a payable (expense) or receivable (income). The specific account head may vary depending on your company's chart of accounts. To record this transaction in Tally, you should create an entry under the appropriate trade finance account head and debit or credit accordingly.
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