Journal entry

ABC COMPANY SUPPLIES 50 LABOURS TO XYZ COMPANY FOR THE MONTH OF AUGUST. PAYMENT WILL GET ONLY AFTER 2 MONTHS.........HOW TO PASS JOURNAL ENTRY IN TALLY....PLEASE EXPALIN AS DETAILS.

>ENTRY WHEN DUE THE PAYMENT

>ENTRY WHEN GETTING THE PAYMENT

 

Replies (3)

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

 

  

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 25 October 2026
Article Intern (CA Articleship)

Arpan Bohra & Co

Hyderabad

CA Inter

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details