Answer / gulzar singh

i think you should use the feacher "split data" in tally.
it will transfer all the closing ledger balances to new
financial year.

Answer / raghu..v.aps eveng v b.com

Very Simple:

and one thing u should know when closing entries passed
just change that nature :
Expense allways(Telephne Charges )Debit Balance
when closing entry passed just Put Credit balance
if telephone charges for year ended Rs.3000
Closing Entries Will be
Profit & Loss A/c Dr
Telephone Charges Cr
(Being Tr)
You can Try it

How did you chose your university?

0 Answers  

---

What is an ERP?

8 Answers  

---

. Expenses a/c. Dr. To vendor a/c. Cr. What is an impact of this transaction on business

2 Answers   Genpact,

---

what is the use preparing balance sheet

5 Answers   Nestle,

---

The following figures have been extracted from Katerina’s books of account for the month of April 2010: $ Sales 460 000 Total variable costs 299 000 Total fixed costs 90 000 Profit 71 000 (d) Calculate the sales in dollars necessary to make a profit of $100 000.

1 Answers  

---

payment made to the credit card from bank.In that half are personal and half are business related.how to account these transaction without credit card ledger.

1 Answers   ABC,

---

8. What is the difference between: a. Direct Costing Method and Absorption Method. b. Fixed Cost and Variable Cost.

0 Answers  

---

Can i put opening stock in new company during closing time

0 Answers  

---

what comes under real account?

3 Answers   CS Engineering, SK Accountant,

---

I m working in NGO. we have taken loan from a person or other project in march and returned in may. So what are the entries in tally should be. what are the ledgers to be created and under which group? what are the journal entries?

1 Answers  

---

what accounts payable applications are your familiar with?

0 Answers  

---

what are the basic elements to prepare a quarterly information system and how to calculate that items?

0 Answers  

---