Unit 5 – Masters
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Freight and Forwarding Charges
Furniture and Fixture
Legal Expenses
Local Sales Tax / VAT
Miscellaneous Expenses
Office Equipments
Office Maintenance Expenses
Office Rent
Plant & Machinery
Postal Expenses
Printing and Stationery
Profit & Loss
Purchase
Rounded Off
Salary
Salary & Bonus Payable
Sales
Sales Promotion Expenses
Service Charges Paid
Service Charges Receipt
Service Tax
SHE Cess on Excise
SHE Cess on Service Tax
SHE Cess on TDS
Staff Welfare Expenses
Stock
TDS (Advertisement)
TDS (Commission)
TDS (Contractor)
TDS (Interest)
TDS (Rent)
TDS (Salary)
Telephone Expenses
Traveling Expenses
Water & Electricity Expenses
Out of the 56 default Account masters, following five are pre-defined Account masters:
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Cash
Profit & Loss
Purchase
Sales
Stock
è Predefined Account masters are those accounts, which are necessary for maintaining books of accounts. Without these accounts, you cannot maintain accounting aspect of business. In BUSY, names of Pre-defined Account masters are reserved names i.e. these names cannot be used to create a new Account master or to rename an existing master. For example, Cash is a pre-defined Account master. You can rename the account to Cash-in-Hand but you cannot create a new Account master with the name Cash or rename any existing Account master to Cash. Thus, you can only rename the pre-defined Account masters. You cannot delete predefined Account masters. For other default Account masters, you can modify or delete them as per your convenience.
Let us now start creating an Account master. To create an Account master, you need to click the Administration à Masters à Accounts à Add option. On clicking the Add option, an Account Master
– Add window appears. In the window, you can enter name of the account to be created and can specify other related details. Given here is a screenshot of Account Master – Add window.
