Tally entry is right or wrong?

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)
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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)
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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

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Ganeshbabu K

Ganeshbabu K (Expert)
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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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