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Accounting entry

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 January 2015 Dear Sir,
pls explain with example. if we purchase material from Abc co. of Rs.10000/- and payment made by xyz on behalf of abc.then how to pass entry, explain with ledger creation.



Dear Sir,
My query is that we have two co. with the differ name ABC & xyz. So My query is that i want to pass a entry for that i made payment thru xyz on behalf ABC co. direct to supplier.so plz guide me that how i pass entry in tally.

regards,
Dushyant Kumar
Mob. 9988825862
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
16 January 2015 then treat it as loan entry and book it that way.
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Rupesh Jain

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Rupesh Jain (Expert)
16 January 2015 you can pass but its treat loan. you have to ignore this practice.
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