Dear Friends,
As per mercantile system of accounting we are first booking the invoice to pe paid against the creditor and then making payment to creditor. Similar procedure is followed for purchases.
For PAyment this is the entry
JV
purchase / exp ac dr
party ac cr
PAYMT
Party ac dr
Bank ac Cr
But now i have observed in hospitals and even medical shops their bills consists of three things
Customer Name = Sundry Debtor
Medicine Name = Sales Ac / Goods Ac
Mode of Paymt = Cash / Bank / Credit / Card
And in the single receipt itself the JV & Payment is sort of clubbed.
The Receipt shows details of Customer , Medicines purchased by him and mode of payment so inthat database it is very easy to get record of which customers bought x medicine and made payment by cash, etc, it combines two vouchers in to one,
any facility in tally for quick sale or POS invoice to debtor on cash basis
CAclubindia
