What is Daily Breakup of Transactions?

It means checking day to day transactions of a ledger as well as closing Balance

 

Why it is Important?

It is especially used in Cash A/c to check whether Cash Closing is not negative on Any given day

If cash balance is negative,it either means

Cash entry is passed on wrong date

or

Cash payments shown are fake

or

Some Cash Receipts are not shown

 

 

How to Check Daily Breakup in Tally

  1. Just Open Ledger(Display-->Account Books-->Ledger)
  2. Click F6 (Daily Breakup)
  3. Transactions and Closing Balance will be shown
  4. If closing balance in red,it means negative cash balance

 

 

 

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 13 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.