How to pass advance entry in tally, and how it should adjust
against future invoice.?
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Answer Posted / 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)
| Is This Answer Correct ? | 75 Yes | 28 No |
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