Basics concepts

316 views 12 replies
for example in my tally payment entry

I purchased 50000 worth of goods

if I paid means which side it will shows in payment entry and also if a need to payable means which side it will be shown in my tally payment entry could you please explain me???
Replies (12)
Follow creditors ledger
If I want to payable means the amount shown in credit side???
Bill booked credit side
bill paid debit side
Thank you so much .🙏
Purchases/ exp a/c Dr
To Creditor

Creditor a/c Dr
To Bank
Input gst entries missing
There is no information given by queriest on ITC..

Doubt was on purchase and payment

If you are feating apaybel entry then show it under Purchase voucher with the name of the supplier. It automatically creates a credit entry. 

Creditor a/c Dr
To Bank
If we paid means this entry sir??
Yes .

Customer name a/c Dr
To Bank

( Classification of customer can be unde Sundry Creditors)
Typically ,ledger account it consists "To and "By what does it mean ....??

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