Whatis the Journal entry for advance payments and advance
receipts from Debtors and creditors
Answers were Sorted based on User's Feedback
Answer / muhammad rizwan
If we pay a money to debtor in advance.
Debtor A/C
To Cash Or Bank A/c
And if we Purchase a Goods on Credit Basis then We will Record this entry in journal.
Cash or bank A/c
To Creditor A/c
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / afsal
for advance payment
advance a/c dr
cash a/c
for advance receipts
cash a/c dr
advance a/c
Is This Answer Correct ? | 0 Yes | 2 No |
about favorite colour asked in interviews
scooter fuel is under conveyance and car fuel is under car running & maintenance exp.. Is that right
Short Answer on _________Industry
what are the steps used in UAT in Oracle Apps?
what is gl code in sap
how to calculate BEP in this problem? Sales Rs.3,00,000 Fixed Exp. Rs. 75,000 Direct Material.Rs.1,00,000 Direct Labour Rs.60,000 Direct exp. RSs.40,000
what is the difference between cash flow and fund flow?
what are the point to see when calculating the Company Profit / Loss
Expand A T R
Explain why the assets of a partnership are usually revalued before the admission of a new partner or the retirement of an existing partner
Answered but misspelled pl correct ONE OF THE MAIN EXTERNAL USERS OF ACCOUNTING INFORMATION (ANS.SREKANB)
plz send me the apptitude question papers of bank of america.
2 Answers Accenture, Bank Of America,