Tally entry is right or wrong?

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 August 2013 Dear All,
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?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)

12 August 2013 For making payment:
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

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Ganeshbabu K

Ganeshbabu K (Expert)

13 August 2013 1)For purchases entry

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

Message likes : 1 times

Ganeshbabu K

Ganeshbabu K (Expert)

13 August 2013 Please refer to below links for tips in tally

https://www.caclubindia.com/forum/tally-erp-9-sample-reports--244467.asp#.UVKdsBwZ114

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Querist : Anonymous

Querist : Anonymous (Querist)

13 August 2013 Thanks to all of you.

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