Related Party Ledgers

Related Party Ledgers

Clause 23 – Section 40A(2b)

1, The clause allows user to classify ledgers as related parties manually.
2. The system does not classify any ledgers as the related parties can be mapped to any sub-head.
3. Under this clause the user can add any ledgers that the user deems appropriate for the clause and the system will list the transactions in the ledger for reporting. 
4. If any ledger is added in year 1, then the ledgers will be listed in the second year automatically as they have been classified as related party in the previous year. 

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