CAPITAL
NATURE GROUP- part 2
3. Current
liability- all those liabilities which we pay during financial year
called current liabilities.
Ledger creation-
Path- G.O.T. (gateway of tally) --> a/c
info (account info) --> ledgers --> single
ledger creation.
This group has a subgroup which is as follows-
a. Duties
& taxes-
all
types of taxes which we pay during financial year are come under duties and
taxes.
Ledger creation-
Path- G.O.T. (gateway of tally) --> a/c
info (account info) --> ledgers --> single
ledger creation.
b. Sundry
creditor-all those people from whom we purchase
goods on credit basis called sundry creditors.
Ledger creation-
Path- G.O.T. (gateway of tally) --> a/c
info (account info) --> ledgers --> single
ledger creation.
c. Provision- a businessman create to escape for
future loses. As an example if we sold goods to a shop and shop will be burned
in that case our debtor cannot be able to pay our money for that time we create
provisions.
Ledger creation-
Path- G.O.T. (gateway of tally) Ã a/c
info (account info) Ã ledgers
à single
ledger creation.
4. Loan liability- when a businessman takes money for his
business from anywhere called loan and loan taken for long period known as a
long term loan.
This group has a subgroup which is as follows-
a. Secured
loan- loan
taken against security from authorized center.
Ledger creation-
Path- G.O.T. (gateway of tally) --> a/c
info (account info) --> ledgers --> single
ledger creation.
b. Unsecured
loan- loan
received without any security from the relation such as- friend, father etc.
Ledger creation-
Path- G.O.T. (gateway of tally) Ã a/c
info (account info) Ã ledgers
à single
ledger creation.
5. Bank over draft (OD)/Over Cash
Credit (OCC)-the
Bank provide a facility of OD or OCC to their customer by which we withdrawal money
more then there account balance.
Ledger creation-
Path- G.O.T. (gateway of tally) --> a/c
info (account info) --> ledgers --> single
ledger creation.
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