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Provision entry in tally
I we received repaires bil from xyz company of rs- 100000 . so whats will be the entry of provision for this bill.
plz reply
Replies (4)
REPAIRS A/C DR
TO PARTY NAME A/C
AT THE TIME OF PAYMENT
PARTY NAME A/C DR
TO CASH/BANK A/C
It is a payment and bill book entry. but my question is for provision,
It is a payment and bill book entry. but my question is for provision,
As you have received the bill, the liability has already been conformed so, why do you want to pass provision entry. Record it as an expense.
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