Advance payment and receipt to and from same person

A/c entries 754 views 4 replies
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Student
75 Points Joined June 2009

Dear Members,

 

I need your help in the following matter as I'm unable to pass entry in tally .
A company made an advance payment of Rs 90000 to a creditor in 2011-2012 and received back the same in 
2012-2013 on account of termination of agreement with that creditor.Now please tell me how this entry can be
passed in Tally ERP 9 ??
 
Regards
Sourav
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On 31 May 2012 at 11:03 Report
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student
1922 Points Joined May 2008

whats the problem.

debit your bank a/c and credit the supplier a/c

 

1 Reply
On 31 May 2012 at 14:00
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account exceutive
24 Points Joined May 2012

Good Mr.Ashish Plz  make sure that entry will be done in  F6-receipt

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On 01 June 2012 at 18:00
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Proprietor
152 Points Joined September 2008

Bank A/c Dr.

To Party Cr.

 

nothing special treatment is done with that...

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On 01 June 2012 at 18:09
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ACCOUNTANT
23 Points Joined November 2015

if advance receipt in cash

 

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On 01 April 2016 at 11:17


CCI Pro

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