WHY JOURNAL VOUCHER IS USED IN TALLY ? WHAT TYPE OF TRANACTIO
IS RECORDED IN IT ?
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Answer / jitendra raghuvashi
dears
as per my knowledge,
journal voucher used for:-
1)to make adjustment between to ledger DR & CR balance
example depreciation on assets
2)to make entry of due transaction for example any bill received but not payed will be booked in journal voucher
3)purchase of assets recorded by jv
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Sanjay Ltd invited applications from the public for the issue of 10,000 equity shares of Rs. 10 each at a premium of 20%, payable Rs. 3 on application; Rs. 5 on allotment including premium and the balance in two calls of an equal amount. Applications for 15,000 equity shares were received. The directors allotted 10,000 shares to all the applicants on pro-rata basis adjusting the excess application money towards allotment. All money due on allotment and calls were received. Give journal entries to record the above transactions in the books of the company. Also show the balance sheet.
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