Tally entry is right or wrong?
Querist : Anonymous
Wood purchase from "Basti Timber Mart for Rs.16,000/-
Payment made to Alfa Traders on behalf of Basti Timber mart.
What would be the entry in Tally.
Payment?
JV?
Purchase?
Please sugest?
Alfa traders a/c dr 16000
to Cash/ Bank a/c 16000
Pass JV for adjustment:
Basti timber mart a/c...dr 16000
to Alfa traders 16000
Dr.Wood Purchases A/c
Cr.To Basti timber martA/c
(being wood purchased)
2)Dr.Basti timber mart A/c
Cr.To Alfra traders A/c
(being amount transfered from basti to alfra)
3)Dr.Alfra TradersA/c
Cr.To Cash/Bank
(being amount paid to alfra traders ref.xxx)
Thanks & regards
Ganesh babu k
https://www.caclubindia.com/forum/tally-erp-9-sample-reports--244467.asp#.UVKdsBwZ114
Querist : Anonymous
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