My daughter pays my bills online from her account. I had given her lumsum advance amount by Cheque. How to pass this entry in Tally ?
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Payment entry
Replies (1)
1)Advance to daughter A/c Dr
To bank A/c Cr
( Being paid in advance for Expense to daughter )
2) Expense A/c A/c Dr
Advance to daughter A/c Cr
( Exp adjuested against advance ) after payment of exp in your books of accounts
Above entries are for your busniess expense .
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