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Purchase Entry

Others 194 views 1 replies
How to make Purchase entry in case of proforma invoice & subsequent receipt of tax invoice.
in our company we make advance payments on receipt of proforma invoice & on receipt of tax invoice we make purchases entry.
Now I want to correlate my advance payment made to suppliers against specific tax invoice.

please guide me in details with illustrations.

Thanks in advance
Replies (1)

for advance payment to the supplier the entry follows

Name of supplier account debit 

credit Bank account with advance payment amount

on receipt of tax invoice

debit purchase account 

and credit name of the supplier account with invoice amount

 


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