Answer / reddy

1.PARTY ADVANCE A/C Dr xxx
TO CASH/BANK A/C xxx
(BEEING ADVANCE PAID TO PARTY OR (SUPPLIERS).


ADJUSTMENT OF ADVANCE :-

2. PARTY"S A/C Dr xxxx
TO PARTY ADVANCE A/C xxx
TO CASH/BANK A/C xxx
(BEEIN WE PICKED PARTY ADVANCE FROM PARTY ACCOUNT)AND
ADJUSTED THE PARTY ACCOUNT)

Answer / u.s.nadiu

How to pass advance entry in Tally?
Ans.)Advance payment is debit to party's advance a/c and
credit to Cash/bank a/c

HOW IT SHOULD ADJUST
AGANIST FUTURE INVOICE.?

Ans.)In future invoice the advance amount less from the net
payable amount. And the tally entry is Credit to party's
advance a/c and automatically debited to invoice grass amount.

Answer / anas

Its not asking about the entry but about settling the advance to particular invoice. You guys talking about account, talk about bill. Lets say there are two purchase and how much will you allocate if you want to put the advance into Second invoice? Its all about Due statement not about Debit or credit

Answer / nabaraj giri

At the Giving Advance For Party
Party advance ac.... DR
To Bank cash
(Being advance Payment made )

At time of Adjusting Advance
If there is Expenses is less than Advance
Expenses Head a/c..... DR
Bank/Cash A/c...........Dr
TO Party Advance

If there is expenses is equal to advance
Expenses Head a/c..... DR
TO Party Advance a/c
If there is expenses is more than advance
Expenses Head a/c..... DR
To Bank/Cash A/c
TO Party Advance

Answer / anoop tiwari

always advance payment in business .....so pass journal entry in receipt cash or bank debit and and advace payment credit...

Answer / mushtaq shah

this problem solved by journal entry if you want answer then reply

Answer / mushtaq shah

You have to pass that entri in journal voucher same party dr and same party cr but diffrence is bill no i show you through video if necessory thanks

Answer / imran

1.p0Š1rty adv To cash/bank 2.party a/c To party adv

Answer / tenzin lhawang

Debit party account (make a ledger for the party in sundry creditor)
credit cash or bank account
adjusting in future
debit building a/c 
credit party a/c

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