Product sale to the customer against different mode of payment ie cash & gift coupon issued by the third party like TATA STEEL CO.& that coupon will redeem by the co later
Example: xyx sold to customer 50000.00 against received cash 40000.00 * gift coupon 10000.00
-how seller pass entry in tally.erp9 -will pass journal entry or issued debit note to issuer of gift coupan
* Redeem by the issued company to seller on later date
15 October 2012
Related Entries can be: Cash A/c Dr 40,000 Gift Coupons A/c Dr 10,000 To Sales A/c (For Sales made) When this gift coupons are redeemed: Cash A/c Dr 9,400 Finance cost A/c Dr 600 To Gift Coupons A/c 10,000 (For redemption of gift coupons) Gift coupons on hand on the closing date will be shown as a cash equivalent.
CAclubindia
