I have paid an advance for a supplier against delivery, Say Rs.500,on 20.2.2010. Later on 3.3.2010, I settle the balance of Rs.1500. How can i account this in tally?
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Answer Posted / vijaykumar.s
Supplier A/c. Dr. 2000
To Cash A/c Cr. 500
To A/c's Pyable A/c Cr. 1500
Being Advance paid against supply
A/c's Payable A/c Dr. 1500
To.Cash A/c. Cr. 1500
Being Full Amount paid against supply
If it is mistake kindly update me
Thanking You
Vijaykumar.s
0 9095142145
S.vijay369@gmail.com
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