Menu
Doubt regarding tally receipt voucher
Hi,
When we are entering a receipt voucher in Tally, there are 4 options to choose from:
1. On Account
2. Against Ref
3. New Ref
4. Advance
Now, I understand Against Ref, New Ref & Advance but there is a slight confusion regarding on Account.
What exactly does On Account mean?
Replies (3)
it means against this bill or entry and shows the outstanding bills or entries to be adjusted.
when yu are receiving a payment other than agst bill or any ref, yu have to account the same thro " on account" option. But this should knocked off at any cost, later, becz, yur billwise balance will not tally with yu ledger balance.
when yu are receiving a payment other than agst bill or any ref, yu have to account the same thro " on account" option. But this should knocked off at any cost, later, becz, yur billwise balance will not tally with yu ledger balance.
Recent Topic
- ITR-2 : cash income that does not fall under any h
- Debit note issued to supplier
- Ca pratik takkar imp list
- TDS EXECESS AMOUNT ADJUSTMENT
- What's the ONE thing about GSTR-2B / IMS reconcili
- Is GST Registration Mandatory for Freelancers in I
- ITR TO FILE
- Shift of Place of Business from one state to anoth
- Form 10E u/s. 89(1). Need clarification because Ex
- Long Term Capital Loss - Tata Capital unlisted sha
Related Topics
CAclubindia
