Tally erp 9

How can entry in tally 1) pf 2) tds

Hi Shabna ,

If the purchase is on credit (if it is revenue goods) it has to be recorded in purchase register ,and there is no harm in creating one ledger for this said vendor. that could use as evidence to your transactions.you must entry the purchase invoice in full amount while you book purchase.it is mandatory for statutory compliances like VAT if any, is matters to the said purchase, then book the payments to the vendors account as usual.

 

I agree with Danish.

Hi Danish,

Thankyou, but im with my basics and very new to tally so could you explain elaborately?My doubts:

* There is no harm in creating a ledger- did you mean to create a normal ledger under purchase a/cs or to create one under sundry creditors for the so vendor?

* the 50% advance payment is done on placing the invoice and the remaining on the delivery of the material. when i try to make a purchase entry, the full stock or goods value is shown, so how can i make a 50% payment on the same?

Many thanks for the help, please let me know if i have to activate any default settings too...:)

Make an entry as purchase a/c Dr to vendor a/c cr. Vendor a/c Dr. To bank a/c cr.(narration -being 50%payment made )

Entry will.. purchase a/c....Dr To cash/Bank a/c It is same Entry... for purchase

Agree with me ash Entry will be 1. Purchase A/c - dr (total bill amount) To vendor A/c 2. Vendor A/c - Dr (50% as per your descripttion) To Cash/Bank A/c And if you havent received invoice then 2nd entry will be done only and narration will be advance paid to supplier. There is another alternative in which u can create advance paid to supplier account.