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I have paid an advance for a supplier against delivery, Say Rs.500,on 20.2.2010. Later on 3.3.2010, I settle the balance of Rs.1500. How can i account this in tally?
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Answer / hemant
Advance payment to supplier A/c ---- Dr. 500
To bank A/C 500
Purachse A/C------------------------ Dr. 1500
To Supplier A/c 1500
Supplier A/C ----------------------- Dr. 1500
To Advance payment to supplier A/c 500
To Bank A/c 1000
| Is This Answer Correct ? | 13 Yes | 2 No |
Answer / arjun
on 20.2.10 supplier a/c dr 500
to cash a/c 500
on 3.3.10 supplier a/c dr 1500
to cash 1500
purchase a/c dr 2000
to supllier 2000
| Is This Answer Correct ? | 12 Yes | 5 No |
Answer / nazeer ahmed
20-2-2012 Account Payable (Dr.) 500
Cash (Cr.) 500
(record the advanced paid to the supplier)
----------------------------------------
3-3-2010 Purchase (Dr.) 1500
Cash (Cr.) 1500
(record the purchase paid to the supplier)
---------------------------------------------
Today Purchases (Dr.) 1500
Cash (20-2-2012) 500
Cash (today's date) 1000
(record the purchases on cash)
------------------------------------
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / enaitul haque
purchase A/C dr- 1500
to advance a/c 500
to cash a/c 1000
| Is This Answer Correct ? | 8 Yes | 9 No |
Answer / samir biswal
No .1 - At the time of given advance , we have to pass
entry through payment mode by using F5 Key for the Tally S.W
Ex-
1st step for Ledger Creation - Advane to Supplier A/C
UNDER Current Asset .
2nd Step for Another Ledger Creation - Particular Supplier
A/C Under Advance to Supplier A/c.Then the Entry is
Particular Supplier A/c Dr - 500
To Cash A/C 500
No.2 - At the time of Goods Received , we have to pass an
Entry in J.V by using F7 key of Tally soft ware
That time we have to create another ledger that is
1- Particular Party (cr)A/C Under Current Liablities
2- Particular Goods A/C or Purchase A/C Under Current Asset
or by nature of Goods received .if Such goods comes under
Capital Expenditure then the entry will passed accordingly
Accounting treatment.
Then the entry is passed accordingly
Particular Goods Received A/C Dr 2000
To Particular Party A/C 500
To Particular Party(cr)A/C 1500
3. When we raise payment against the debt.
that time we have to pass the entry by using F5 key of
Tally SoftWare.
Particular Party(cr)A/C Dr 1500
To cash A/C 1500
I have already define it clearly ,if i have any mistake
please inform me
Thanks
Samir
biswal.samir@gmail.com
| Is This Answer Correct ? | 1 Yes | 2 No |
Answer / vijay
I think first we have to book the purchase as we know total amount of good purchase in Rs. 2000.00
20.02 Purchase A/C Dr. 2000.00
To. Suppliers A/C 2000.00
Now we paid advance to supplier
20.02 Suppliers A/C Dr 500.00
Cash/Bank A/C 500.00
(Being advance paid to supplier)
now we will settle his account on 3.3.2010
03.03 Suppliers A/C Dr 1500.00
to cash/ bank A/C 1500.00
(Being full and final payment)
| Is This Answer Correct ? | 2 Yes | 4 No |
Answer / vijaykumar.s
Supplier A/c. Dr. 2000
To Cash A/c Cr. 500
To A/c's Pyable A/c Cr. 1500
Being Advance paid against supply
A/c's Payable A/c Dr. 1500
To.Cash A/c. Cr. 1500
Being Full Amount paid against supply
If it is mistake kindly update me
Thanking You
Vijaykumar.s
0 9095142145
S.vijay369@gmail.com
| Is This Answer Correct ? | 1 Yes | 5 No |
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