Those Ledgers which are marked by the Auditor as Related Party will only appear in the Related Party Transactions report.
1. Go to Gateway of Tally > Audit & Compliance > Audit & Analysis > Related Party Transactions .
2. Click on Ctrl+F9 : Master Config or press Ctrl+F9 .
3. Select Related Party and press Enter .
4. Select the required Ledger(s) using Spacebar in the Related Party Configuration screen.
● Click F5 : Update or press F5 to view Related Party Details screen to mark the selected Ledger as Related Parties .
● Related Party Details screen appears.
o In Is Related Party field select Yes .
o In Relation Type field specify the Relation Type .
● Press Enter to save the Related Party Configurations .
Note: Follow the same steps to unmark a Party which is wrongly identified as Related Party.
● Press Esc to view the Related Party Transactions report.
To view the Audit Working Paper during Auditing, click Ctrl+W : Audit Wkg Paper or press Ctrl+W . The details displayed in Audit Working Paper will be relevant to report from where it is triggered. This report displays the details of Configuration of Periodic Ledgers .
'Identifying Related Parties (India)' has been shared with
