Interested to Buy Any Domain ? << Click Here >> for more details...
How to pass advance entry in tally, and how it should adjust
against future invoice.?
- 9 Answers
- 81978 Views
- Alpha Technologies, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
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 |
What are the various systems of accounting? Explain them.
Provident Fund a/c will comes under which account Personal, Real or Nominal A/c
Tell one entry that should be personal account,real account,nominal account..
Tell me what is “deposit in transit”?
What is Form D2 and which Purpose we use that Form
8 Answers Citi Bank, Euro Power Tech, Matrix,
1. our co., start from 20.05.10 but at the time to till our capital invested m.d spend Rs:98000 as food,refreshment,rent guesthouse,travelling exp e.t.c., now we want to return to him (i.e) all the expenses (amount will pay may be 17.08.10, how to account it in tally for the expenses of M/D . and payment entry. I need the help
our company given party to employees. this expenditure which account head booked ? please tell me
what is differnce between Investment banker and intvestment manager????
is WCT aplicable on educational institutions also??????
what is difference between income and gain?
Sir I am taking the Salary Rs 18000/- the shown to me in Pay Roll Basis but not deduct any PF. Plz told me tha is the company liable to deduct my PF?
How tha valuation of Inventory should be done?
Audit 
