Configure MCA Taxonomy Elements

To Configure MCA Taxonomy Elements,

Go to Gateway of Tally.ERP 9 > Display > Statutory Reports > MCA Reports (2012) > List of Accounts

Note: Press Spacebar key to select the Default Tally Group/Ledger.

Note : The Taxonomy Elements are shown in its reporting structure by default. User can see this in the form of Alphabetical Order or Taxonomy Head as per the reporting structure of the taxonomy using the options provided in this screen.

Note: Tally.ERP 9 will allow to re-configure the default mapping only with the MCA - XBRL Taxonomy displayed in Blue (child taxonomy element). It will not allow to map the MCA - XBRL Taxonomy displayed in Black (parent Taxonomy element).

The List of Accounts Configuration report with the mapped MCA Taxonomy Element appears as shown:

On mapping the List of Accounts with MCA Taxonomy, the mapped Ledger colour gets changed to Black indicating that the ledger is mapped.

On mapping Groups with MCA Taxonomy, all the ledgers created under it will be mapped with the MCA Taxonomy selected for the Group.

Bifurcation of Loans and Advances

While mapping the List of Accounts with the MCA Taxonomy elements - Loans and Advances (Long Term/Short term), it is essential that details of Short Term and Long Term for the respective MCA Element are provided.

Tally.ERP 9 allows you to bifurcate the Loans and Advances into Short Term and Long Term.

To explain bifurcation of Loans and Advances into Short Term and Long Term, let us consider the example of a Loan A/c - M R Granite Loan A/c and map the same to the MCA Taxonomy child element Unsecured under Loans and Advances from others.

To bifurcate the Loans and Advances into Short Term and Long Term,

In the List of Accounts screen,

Note : The Taxonomy Elements are shown in its reporting structure by default. User can see this in the form of Alphabetical Order or Taxonomy Head as per the reporting structure of the taxonomy using the options provided in this screen.

A MCA Bifurcation screen appears as shown below:

This screen displays the Total Balance of the respective ledger for which the mapping is done and allows the user to clearly enter the values which are Short Term or Long Term in nature.

By default, the Total Balance of the ledger is allocated to the Long Term field. The user has to enter the amount in the Short Term field and the Long Term values will get automatically adjusted accordingly depending on the Total Balance.

Note: To view the transactions recorded with the respective ledger, press Alt+S or click on the S: Show Ledger button. For more information, click here.

The List of Accounts Configuration report with the mapped MCA Taxonomy Element and its bifurcation appears as shown:

Button option in List of Accounts Configuration screen

A: Alphabetical View

Click on A: Alphabetical View or press Alt+A keys to view the MCA - XBRL Taxonomy in Alphabetical order. A: Alphabetical View button is a toggle button to view the MCA - XBRL Taxonomy in tree structure and alphabetical view.

F4: Taxonomy Head

Click on F4: Taxonomy Head or press F4 to filter the Taxonomy Elements belonging to a particular MCA - XBRL Heads e.g. Total employee benefit expense. By default, the Taxonomy Elements are displayed on the basis of Taxonomy Head.

The MCA Taxonomy Elements for Total employee benefit expense head is displayed as shown: