Which type of transactions are used in TallyJournal?
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Not only in tally, in Journal we have to pass all the non
cash entries related to adjustment accounts and purchase of
assets on credit. Pl visit for more practical accounting
materials
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Answer / vivek mohan nair
In tally we use non cash transaction in journal but we can
also cash based transactions for that we have to make some
adjustment in accounting configuration / features.
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Explain how the following transactions would be recorded in a cash book with Cash and Bank columns? i) Deposit of cash into Bank ii) Withdrawal of money from Bank for office use iii) Deposit of cheques (received from others) into Bank iv) Dishonour of cheques deposited into Bank I need a detailed answer..thanks..
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