INCOME

INCOME | CREDITOR | DEBTOR

These income are those income which have to receive for selling goods and services.

Type of income:

Direct Income

These income are those income which have to receive to supplier for direct selling to cash.

For example

Sales for cash
Assets for cash
Service for cash, etc.

Indirect Income

These income are those income which have to receive indirectly.

For example

Discount receive
Interest receive
Commission
Bonus
Gift, etc.

~~full-width~~

Creditor:

A person who takes the cash and gives the goods.

Debtor:

A person who gives the cash and receive the goods.

Comments

Tally & Tally.ERP9

TALLY T ally is a complete accounting package. It is used to maintain the all transaction as an account. In tally we can maintain all daily transactions as a sales account and purchase account. By the help of Tally we can create many accounts. In which include income & expenses account, profit & loss account, trading & non-trading account. We can also create trial balance or balance sheet. VERSION OF TALLY: 1. Tally 4.5 2. Tally 5.4 3. Tally 6.3 4. Tally 7.2 5. Tally 8.1 6. Tally 9.0 7. Tally ERP9 TYPE OF MODE: 1. Educational mode. 2. Professional mode. TYPE OF TALLY: 1. Tally Silver (Single user) 2. Tally Gold (Multi user) MASTER KEY: 1. Enter Ke...

PURCHASE RETURN | SALES RETURN | DEPRECIATION | APPRECIATION

Purchase Return: These transaction are those transaction in which customer have to return any purchase items or assets to supplier. Sales Return: These transaction are those transaction in which the customer have to sales return to supplier. full-width Depreciation: These amount are those amount which have to reduce according to the value of fixed assets. Appreciation: These amount are those amount which value have to increase of the fixed assets according to time period. Like: loan and building.

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