How to pass advance entry in tally, and how it should adjust
against future invoice.?
- 9 Answers
- 79559 Views
- Alpha Technologies, I also Faced
- E-Mail Answers
Answer Posted / 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
| Is This Answer Correct ? | 11 Yes | 6 No |
Post New Answer View All Answers
How can pass reverse entry to close the account. If the Asset sides is greater then liabilities side and vice versa, then what can I do.
What are the difference between Debit Memorandum and Credit Memorandum?
how many types excise audits and when they are applicable to firm
Hi, Mobile manufacturing given a mobile phone as a gift to their employee. What journal entry we need to pass in company point of view.
How you can adjust entries into account?
Hi, we are not a VAT register and raised not VAT bill to company for signage material. they are deducting WCT @4%, can anybody help me why they are deducting WCT while i am not a VAT register vendor, as i do not cross threshold limit.
Explain me what is general ledger account?
A Lorry driver damaged shed shutter and we deduct 2000/- from his freight amount now what is the head for the Deducted amount?
how to get a job in stock markets for MBA-FINANCE?
What are the important things to be remembered while preparing a bank reconciliation statement?
Debit Card Come Under Which group in Tally 9?
Differentiate public and private accounting?
what are the direct expense of loan department in banks.
What is "deposit in transit"?
whether bills of exchnge can come under the category of reserves and surplus
