Help with Purchase Entry Before GST Number in Tally Prime
This query is : Resolved
05 May 2023
We have purchased office stationery and Furniture for the office before enrolling for the GST Number. But payment for the furniture and stationary was made by a third person who is not involved in business and has paid in cash for the same items and so I returned him money via business account (bank). How to make an entry of the same.
Thank You
Thank You
20 August 2023
Expenses Account needs to be debited and a liability needs to be created for the third person and pay him
Expenses - Dr
Name of Third Person - Cr
Name of the Third Person - Dr
Cash / Bank - Cr.
Expenses - Dr
Name of Third Person - Cr
Name of the Third Person - Dr
Cash / Bank - Cr.
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