Answer Posted / 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

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