please clarify:
i have sale my website solutions worth rs 12,000 to XYZ Pvt Ltd., he make 30% advance payment by cheque payment , i posted on tally as-
1. voucher sales entry rs 12,000 / Debtor XYZ
2. voucher Receipt Entry rs 12,000 from XYZ.
plz clarify did i make any error or hope it is ok.???
Sales entry is ok
But Receipt entry should be Rs 3600/- (i.e 30% of 12000/-) , the balance amount wil be reflect in party ledger.
S.B.G. & CO. CHARTERED ACCOUNTANTS
New Delhi
CA Inter
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Malhotra Rajesh & Associates
New Delhi
B.Com
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CCI
Pro
CAclubindia
