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How to pass advance entry in tally, and how it should adjust
against future invoice.?
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Answer Posted / 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 |
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