Furniture

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 June 2010 how to pass the entry for furniture in tally 9
we paid advance 100000/-
by chq. and at the time of invoice remaning amount 100000/- paid by chq.

let me know

Thanks In Advance

Reddy

15 June 2010 Party A/c DR. ( Advance Amt)100000
TO Bank 100000

Furntirue A/c Dr. 200000
To Party 200000

Party Dr.100000
To Bank 100000

These enteries are made assuming that you are purchasing the furntirue with party.

15 June 2010 At the time of Advance given >

Advance for Asset......Dr...Rs.100,000
Bank Account...........Cr...Rs.100,000

At the time of Invoicing and asset received >

Furniture .............Dr...Rs.200,000
Advance for Asset......Cr...Rs.100,000
Bank Account...........Cr...Rs.100,000


15 June 2010 1) Vendor A/c Dr.......100000
To bank---100000
---For advance
2) Furniture & Fixture A/c Dr....200000
To Vendor A/c ....200000
---For Booking Bill
3) Vendor A/c Dr....100000
To Bank....100000
----For Balance payment



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