u paid cash to supplier in advance for purchasing goods in
future? so what will be the entry in tally?


Answer Posted / manish

suplier a/c Dr. XXX
To Cash a/c xxx
(being amount paid to
suplier as a advance amt)

Is This Answer Correct ?    13 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is meant by partitioning?

628


India me ,suppose that hmare pass 190000 Rs hai,to kitna tax lgega,or kis heshab se lgega,

1689


in our co we are sales of good to branch in order sales+fright, branch made jv entry in own book as full amount debit and credit. now our book show sales without freight but branch shows including freight that why differences is arise due to wrong entry passes pls clarify this entry and this entry is done last year book now balance is finalize.

1498


Tell us in balance sheet, where do you show tds?

610


Is it necessary after every journal entry to show its treatment in P&L a/c? Eg. if I am asked to show journal entry of purchasing furniture & fixture on 1st Aug 06, i.e. Furniture & fixture a/c Dr. To cash/bank a/c Along with this, I have to pass following journal entry on 31st Mar 07?? P&L a/c Dr. To Furniture & fixture a/c

1057






Tell me what is accrual accounting?

3408


Describe yourself briefly why you are outstanding for this post "Finance Coordinator"?

1791


Fundamental accounting assumptions are (a) Materiality. (b) Business entity. (c) Going concern. (d) Dual aspect

1436


How did you chose your university?

620


Can u please send me a set of accounting base questoin with answer,genraly ask by interviewer?

1630


what is the journal entry for gas connection taken by company for preparing tea and coffee.

1854


Sir how the enter of GST adjust of sales return

1195


What is peach tree accounting?

652


Trial balance as on 31st March, 2014 Particulars Debit Pula Particulars Credit Pula Wages 14 100 Dividends received 4 300 Salaries 13 000 Bank overdraft 41 000 Opening Stock 40 000 Returns 1 000 Machinery 49 000 Creditors 14 200 Investments 30 700 Sales 258 500 Drawings 23 000 Capital 30 000 Purchases 130 000 Returns 2 000 Debtors 18 000 Advertising 13 400 Interest 4 800 Cash 11 000 349 000 ======= 349 000 ======== Additional information: 1. Closing stock is valued at P53 000. 2. Wages include P350 being advance against wages. 3. Wages include P1 000 paid for erection of machinery. 4. A purchase of stationery for P430 has been inadvertently included in the Purchases account. 5. A sale of investments with a book value of P2 600 for P2 500 has been included in the Sales Account. 6. Salaries include P150 per month paid to the proprietor’s domestic servant. 7. Machinery is to be depreciated by 10 per cent. Required: a. The revenue statement (Trading and Profit and Loss Account) for the year ended 31st March 2014 and b. Statement of financial position (Balance Sheet) as on 31st March, 2014.

1704


What is the Project Accounting in case of Real Estate or Construction Co`s ?

1946