How to pass advance entry in tally, and how it should adjust
against future invoice.?
Answer Posted / u.s.nadiu
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 |
Post New Answer View All Answers
how to pass journal entries for reverse tax on input tax paid
what is the difference b/w carpet area,covered area and build- up area and how it is calculated.......
Explain me what makes a successful account manager?
X draws a bill on Y for Rs 20,000 for 3 months on 1.1.05. The bill is discounted with banker at a charge of Rs 100. At maturity the bill return dishonoured. In the books of X, for dishonour, the bank account will be credited by Rs. (a) 19,900 (b) 20,000 (c) 20,100 (d) 19,800
bookkeeping, and accountancy,purchase procedure , Educational institutions ;, secretarial practices, Administratire and Academic rules and regulations in Government offices, Academic institutional , computer skils. etc
In 3 way match.....Order qty is 100 and received 90 and 10 got rejected. But the supplier sent an invoice for 100 qty. what are the steps we need to take in SAP. Whether we need to reject the invoice or process with the 90 qty .please explain with real time.
Describe yourself briefly why you are outstanding for this post "Finance Coordinator"?
Explain which account is responsible for interest payable?
Tell us do you possess any knowledge about accounting standards?
wat is mass allocation and when it is used
My boss said to me "Calculate Tds for the month of may 2018 from bank statement". my Boss business is Proprietorship of Construction and designing work. How I can calculate Tds liability.
Which accounting application you prefer most and why?
Explain what knowledge should financial accountant have?
Explain the types of ledger?
my question is I am finance student I want to know which type of the question are asked by the interwier in interview.