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How to pass advance entry in tally, and how it should adjust
against future invoice.?
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Answer / 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 |
How to pass advance entry in Tally?
Ans.)Advance payment is debit to party's advance a/c and
credit to Cash/bank a/c
HOW IT SHOULD ADJUST
AGANIST FUTURE INVOICE.?
Ans.)In future invoice the advance amount less from the net
payable amount. And the tally entry is Credit to party's
advance a/c and automatically debited to invoice grass amount.
| Is This Answer Correct ? | 39 Yes | 22 No |
Answer / anas
Its not asking about the entry but about settling the advance to particular invoice. You guys talking about account, talk about bill. Lets say there are two purchase and how much will you allocate if you want to put the advance into Second invoice? Its all about Due statement not about Debit or credit
| Is This Answer Correct ? | 22 Yes | 9 No |
Answer / 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 |
Answer / anoop tiwari
always advance payment in business .....so pass journal entry in receipt cash or bank debit and and advace payment credit...
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / mushtaq shah
this problem solved by journal entry if you want answer then reply
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / mushtaq shah
You have to pass that entri in journal voucher same party dr and same party cr but diffrence is bill no i show you through video if necessory thanks
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / imran
1.p0Š1rty adv To cash/bank 2.party a/c To party adv
| Is This Answer Correct ? | 7 Yes | 8 No |
Answer / tenzin lhawang
Debit party account (make a ledger for the party in sundry creditor)
credit cash or bank account
adjusting in future
debit building a/c
credit party a/c
| Is This Answer Correct ? | 3 Yes | 4 No |
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