The format of advance received is same as invoice.
Need to charge tax on amount received.
However the payer will not get input credit unless he gets tax invoice with materials or service is supplied.
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chatCommentsi am confused how to voucher ledger posting - Ankur UpadhyayNormal accounting. For a guidance read the accounting article I posted last week. Ask a seperate question for accounting with sample of how your tried. Accounting is a framework, actual differs with each accountant :) - Pulkit SharmaI am confused how to accounting ledger posting against advice receipt - Ankur Upadhyay
