Journal entry

IN THE BOOKS OF M/S XYZ 

LABOUR CHARGES A/C          DR.   SAY RS. 10000

(GROUPED UNDER INDIRECT EXPENSES)

   TO ABC A/C                                                    RS. 10000

(GROUPED UNDER SUNDRY CREDITORS)

[BEING LABOUR CHGS RECEIVED FROM M/S ABC]

IN THE BOOKS OF M/S ABC

M/S XYZ A/C                         DR.   RS. 10000

(GROUPED UNDER SUNDRY DEBTORS)

   TO SALES (LABOURS) A/C                RS. 10000

(GROUPED UNDER DIRECT INCOMES / SALES)

[BEING LABOUR SUPPLIED TO M/S XYZ]

REGARDS,

DEVENDRA K           

This is in contnuation to the above......

while making the payment in the books of XYZ 

ABC.... a/c Dr

To  Cash / bank a/c

Thanks for Reply,

   I have one more doubt. when creating the company which type of accounts will select

   >Accounts with Inventory

    >Accounts only

1.  A company give march salary  at may month only. But we do not know the Exact salary for march at the ending of march month........How to treat In tally.whether it treat as memorandum voucher  Pls  reply me