Identifying Related Parties (India)

Those Ledgers which are marked by the Auditor as Related Party will only appear in the Related Party Transactions report.

To identify/mark a Ledger as Related Party

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.

o     Click F5: Update or press F5 to view Related Party Details screen to mark the selected Ledger as Related Parties.

o     Related Party Details screen is displayed.

o     Press Enter to save the Related Party Configurations.

Note: Follow the same steps to unmark a Party which is wrongly identified as Related Party.

o     Press Escape to view the Related Party Transactions report.

Ctrl+W: Audit Wkg Paper

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.