Adjustment Entries -2 in Tally Prime

Adjustment Entries -2

Here's how you can create Adjustment Entries -2 in Tally Prime:

1. Open Tally Prime and select the company you want to work with.
2. Go to the "Gateway of Tally" and select "Accounting Vouchers" from the list.
3. Select "F7: Journal" to create a journal voucher.
4. In the journal voucher, select the first ledger account you want to adjust in the Debit column.
5. Enter the amount you want to adjust in the Debit column.
6. Select the second ledger account you want to adjust in the Credit column.
7. Enter the same amount in the Credit column as you did in the Debit column.
8. Enter a brief description of the adjustment in the narration field.
9. Press enter to save the voucher.

Adjustment entries can be used to correct errors in your financial transactions or to account for any other adjustments that need to be made. Some common examples of adjustment entries include adjusting for depreciation, adjusting for prepaid expenses or unearned revenues, and adjusting for accrued expenses or revenues. By creating adjustment entries, you can ensure that your financial statements accurately reflect the financial position of your business.