Entrys

This query is : Resolved 

31 May 2015 what would be advance entry in tally ?

31 May 2015 What type of advance?

Entry for advance paid will be--

Advance A/c Dr...

To Bank/Cash A/c....

31 May 2015 Advance from party dr to bank or cash

31 May 2015 Dear Ankit it will be Advance to party. Advance from party will be liability.

For advance received entry will be...

Cash/Bank A/c Dr...

To Advance Received from party A/c..


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