we are going to purchase of new office. what is accounting
entry for it if we made adv to party , some part payment
paid to party. pls tell me & under which group ledger will
come
- 3 Answers
- 5590 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / rose
Purchase(Office) A/c----Dr
To Advance Cash/Bank A/c-----Cr
To Party A/c---------CR
(Being Part pymt made for Asset purchase)
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / toms thankachan
Just create a ledger in the name of the party under sundry
creditors/ Bills payables.
Make an entry for the payment
Vendor a/c.... Dr
to Bank.
when you done the deal the entry follows
bldg.....Dr
to Vendor a/c
When the payment made in full
Vendor a/c.....Dr
to Bank
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / azhar
capital work in progress a/c dr
To vendor a/c
when full payment is made entry will be
vendor a/c dr
To cash
| Is This Answer Correct ? | 2 Yes | 6 No |
Closing entries of P&L account
as muthoot finance is a finance co,so what would be pattern of asking in relation to finance and a/c question?will it be basic or general or it would be market related situation?plz if help me anybody...
Why company use sap?
what is nsc accrued interest
1 Answers Chartered Accountant,
What is entry of Dishonored cheque issued to supplier
genteral interview question for accounting
what is mutual funds best way to answer?
what use of form d and form h
WHAT IS THE DIFFERENCE BETWEEN ESTIMATED BALANCE SHEET & PROJECTED BALANCE SHHET
what is sundry debtors and creditors?
if the chq is dishonored which entry will be passed???????? give example entry
Where I can Found Cost Reduction Techniques Implemented by Various cement Companies
Audit 
