How to enter an invoice already paid?
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Answer / satyaki_raju@yahoo.com
If already paid You pass a journal entry as follows
at the time of payament the entry was
Supplier account Dr
To Cash or bank a/c
(The supplier account has to be grouped under Loans and
Advances)
while passing invoice
Purchase of materials Dr
To supplier a/c
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Answer / abi
here two options for accounting this
1 st option
purchase Dr
Cash/ Bank Cr
2 nd option
u have to put one jurnal
Purchase Dr
supplier cr
then pass 1 cas/bank entry
Supplier Dr
Cash / Bank
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