Insurance Comes Under Which Head In Tally. 30000 on life insurance policy taken in the name of his wife. If i create this under exp.
So , this account will debit in voucher entry and insurance company is giver of claim amount and this entry is. Expenses under capital a/c head in tally. 30000 on life insurance policy taken in the name of his wife.
Life Insurance Comes Under Capital A/C, Insurance Premium Under Indirect Expenses Or Expense (Indirect) And Prepaid Insurance Charges Under Current Assets Head.
Learn general insurance accounting entries in tally erp 9. Life insurance comes under capital a/c, insurance premium under indirect expenses or expense. Direct expenses all expenses which appear in trading account (except purchases) like labor power electricity expense (factory) loading unloading expense warehousing expenses custom clearing charges carriage freight & cartage import duty wages coal & fuel
30000 On Life Insurance Policy Taken In The Name Of His Wife.
Not all insurance payments (premiums) are deductible* business expenses. Hence rd is a current asset. In every implementation of group wise tally ledger list prepared first which affects trading a/c, profit and loss a/c and balance sheet.
Tally Erp 9 Ledgers Creation Under Proper Group Of Accounts Is Main Part Of Tally Erp 9 Implementation.
Insurance under which head in tally? Enter the pay head name in the name field. Mediclaim policy, motor insurance, fire insurance, home insurance, travel insurance premium paid e.
Go To Gateway Of Tally > Payroll Info.
Under which group the ledgers are placed. Learn general insurance accounting entries in tally erp 9. Life insurance comes under capital ac insurance premium under indirect expenses or expense indirect and prepaid insurance charges under current assets head.
26 October 2013 Life Insurance Premium, Income Tax Payment Are Comes Under The Head Of Capital A/C In Tally.
You have to make entries as under. Reimbursement pay head (payroll) you can create a reimbursement pay head to account for the reimbursements to be paid to employees, and set the net salary and income tax components accordingly. Do the premium course here.