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?
Answer Posted / 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 |
Post New Answer View All Answers
Cash bill of sale so the company can deduct the amount.
DIFFERNCE BETWEEN RESERVE AND FUND?
Contrast bookkeeping and accounting
Define push down accounting?
SHADOW BALANCE SHEET
How familiar are you with crm?
what is the difference between profit center area and business are.? please make me clear.
Can share warrants issued by the company be considered as potential equity shares? If yes, then will it be considered for calculating dilutive EPS?
What is the revenue recognition principle?
Why in KE5Z report in SAP Accounting Data not found?
how to pass journal entries for reverse tax on input tax paid
WHAT ARE THE LIMITATIONS FACING ACCOUNT CONCEPTS AND CONVENTIONS?
what is payment written
What is purchasing order?
If the company acquires equipment prior to incorporation what are the accounting entries?