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Doubt regarding tally receipt voucher

Accounting Entries 845 views 3 replies
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.


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