Interested to Buy Any Domain ? << Click Here >> for more details...
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?
- 7 Answers
- 18210 Views
- I also Faced
- E-Mail Answers
Answer Posted / nazeer ahmed
20-2-2012 Account Payable (Dr.) 500
Cash (Cr.) 500
(record the advanced paid to the supplier)
----------------------------------------
3-3-2010 Purchase (Dr.) 1500
Cash (Cr.) 1500
(record the purchase paid to the supplier)
---------------------------------------------
Today Purchases (Dr.) 1500
Cash (20-2-2012) 500
Cash (today's date) 1000
(record the purchases on cash)
------------------------------------
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
PROVIDENT FUND TO BE CALCULATED ON BASIC AFTER DEDUCTION OF ABSENTS (LOP)
What are mis reports and do you prepare it?
What is accounts receivable?
my brother is out of country i have lost his bank passbook when i was going to bank for the entries is their essential to take duplicate pass book can my brother is present for this.
can any accountant forward format of daily or monthly mis format for accounts and finance dept!!
Who owns the general ledger?
why are accounting firms needed?
What is the basic accounting equation?
what are the different types of expenditures considered for the purpose of accounting?
What GP resew of balance sheet taking.
Do you know partitioning in accounting?
What is the use of accounting?
sir i want know how to fill vat return
when the ABC's personal bank to to his business bank money transferred(paid) then how to pass the entry.
sir I heard from some body that he received more money than requested in an ATM.Is it possible, if yes what is the remedy ?
