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advance received from customer what is the general entry

Answers were Sorted based on User's Feedback



advance received from customer what is the general entry..

Answer / ramesh

advance ac dr
to customer ac

Is This Answer Correct ?    9 Yes 4 No

advance received from customer what is the general entry..

Answer / rajesh.v

By Cash/Bank A/c Dr ..... Rs/-
To Customer Advance A/c .....Rs/-

Is This Answer Correct ?    1 Yes 1 No

advance received from customer what is the general entry..

Answer / raghu.v

Bank/Cash a/c Dr
Customer A/c cr


It is a liability to us until providing the Services/Selling goods.

Is This Answer Correct ?    0 Yes 0 No

advance received from customer what is the general entry..

Answer / hitendra singh shekhawat

cash ac. dr.
to unearned income
(at the time of receive)


unearned income AC. dr.
to costumer ac
(on due date)

Is This Answer Correct ?    0 Yes 4 No

advance received from customer what is the general entry..

Answer / mohammed yousuf baba

Customer A/C ... DR
Advance receive A/C... DR
TO Cash A/C
(Being cash receive in advance from customer)

Is This Answer Correct ?    0 Yes 11 No

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