How to pass advance entry in tally, and how it should adjust
against future invoice.?
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
Why company issue shares at discount as its a loss ?
we are a trading company providing devices and some times after sales service. when any defect came we just replace the hardware from another defective device and getting the payment from the customer. how can we account that? is there any tax implications for this?
A COMPANY IS SERVICE PROVIDE TO B CO. 100,000 AND CHARGED STAX 10000 TOTAL BILL RAISED 110000 AND RECIEVED 30% FROM B IN DECEMBER AND 40% RECIEVED IN 10JAN2011, BALANCE 40% RECD IN 10 FEB2011 WHAT WILL BE GENERATED ACCORDING ACCOUNTING PRENCIPLE OF BOTH SIDE (MEAN A &B) WITH REVANUE& PROVISION PLEASE TELL ME
WHAT ARE THE MOST ELEMENTS OF YOUR JOB?
What are the rules for debit and credit for different accounts to increase the amount in your business accounts?
Tell me how many types of business transactions are there in accounting?
What and How to compute an unsecured balances?
hai everone,can anyone send me the accounting ,finance,general interview questions for mba freshers plz.....urjent
Can CPF share given by govt. added in the Financial gross salary while calculating Total gross salary at the end of Financial year.For eg: My gross salary is Rs.X during a Fin. year & govt share of CPF is Y then Total Fin. Year gross salary is =X+Y,is it correct?
What is the importance of accounting standards?
what is the process of cenvat credit taken in service tax( in direct & indirect service)
What is the difference between trial balance and general ledger?
what is the diffrence between cash flow & cash fund?
what is special purpose ledger in SAP.. is it required to configure in ECC 6.0 since New GL concept is active?
i WANT TO KNOW WHAT IS THE INTEREST RATE IF WE CAN NOT PAY THE DEPOSIT SALE TAX AMOUNT WITH IN PERIOD