A journal voucher with nature of adjustment as Increase of Tax Liability is selected for adjusting the Increase in tax liability
To create a journal voucher for interest payable
1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal.
2. Click J: Stat Adjustment to enable required options in the Stat Adjustment Details screen.
3. Debit the expense ledger and enter the amount.
4. Credit the ledger grouped under Current Liabilities.
The journal voucher appears as shown below:
5. Enter Narration, if required.
6. Press Enter to save.