BILLWISE DETAILS: It is useful to find out the Outstandings of all our Debtors and Creditors (Customers and Suppliers) with due dates.
COMPANY NAME : Billwise and Company
ACTIVATION : • F11 : Features
• Accounting Features
• Maintain Billwise Details = Yes
• Accept.
• Under Debtor and Creditor ledgers, Maintain balances bill by bill? = yes
REFERENCES: 1. New
2. Against
3. Advance
4. On account
Exercise:
Post the following transactions.
01.01.13: Goods purchased by “Subramani & Co.,” for Rs.30000 on bills with the due of 40 days
02.02.13: Sold to ‘Arul & Co.,’ for Rs.20000 and due allowed is 30 days.
01.06.13: Sold to ‘Vinayagam Traders’ for Rs.20000 on Bills, and due given for 60 days
02.10.13: Hire Purchase made from ‘ABT’ for Rs.100000 with the due of 30 days.
02.01.14: Purchased from ‘Menaka & Co.,’ for Rs.15000. Bills to be payable on 02.03.14
01.02.14: Purchase made for Rs.1500 from ‘Aruna & Co.,’ payable after 45 days.
02.02.14: Sales for Rs.10000 to Sekar, and due fixed for 45 days.
02.03.14: Sales to Sundar for Rs.15000 on Bills, receivable on 01.04.2014
02.04.14: Cheque received from ‘Arul & Co.’ for Rs.12000 against the sale made on 02.02.2013
01.05.14: Cash paid to ‘ABT’ for Rs.58000 for the Hire Purchase made on October 2nd.
HOW TO DISPLAY THE OUTSTANDINGS? • Gateway of Tally
• Display
• Statements of Accounts
• Outstandings
• Receivables or
• Payables or
• Ledger
• Give period
