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 Threads
- Turnover limit for composition dealer in gst
- My client purchases Rs. 3 crores and his turnover
- Regarding CA foundation Exemption (Direct Entry Sc
- CFSS Scheme
- Transfer of ITC from individual to LLP
- Query of Goodwill
- Remuneration to Partners
- Request For Dhirajlal Rambhia
- Tds deduction queery
- Check ITR1 on income tax Form ITR1 Instead of 1 ho
Related Threads
CAclubindia
