Accountant
386 Points
Joined June 2016
Pass the following entry :-
A) Dr......................Advance payment creditor A/c
Cr........................Current Bank A/c
(Accounting in tally: Activate maintain bill by bill detail and select Advance under method of adjustment/Type of Reference) .
B) Dr............Purchase A/c
Cr............ Creditor A/c
(Select Against Reference for method of adjustment/Type of Reference and select the advance payment voucher made earlier. Supplier account will automatically be adjusted and will show outstanding payable for the balance amount)