What will be the journal entry for advance payments made to the other parties?
Answer Posted / rakesh kumar
parties name a/c dr
to cash / bank cr
(being advance payment made to parties)
Is This Answer Correct ? | 19 Yes | 3 No |
Post New Answer View All Answers
What is account receivable?
If assume we paid 50/- as an advance for worth or 100/- goods, but our supplier sent only up to 25/- worth of goods. Know my question is that we want to close the transaction now and how it possible? What about vat like tax setups in ap and ar? What about the sweep command in ap?
can i direct payment made t code f-53 to bsnl agst telephone exp.? or 1st create a/c.of bsnl and book in fb60 then payment made whose correct?
What does the standard journal entry includes?
how to calculate forefeiture of share when over subcription
we have registered to MCCIA(Maratta Chember of Commerce Ind & Agri.).They given a Tax Invoice against this registration with charging service tax@10.3%.can we take credit of this service charge ?
What are the activities that are included in the cash flow statement?
What is the difference between Accruals and Provisions?
I wana give interview as a accountant what the question will asked by interviewer ??? Please suggest me so I can clear inteview. abhinandan
How do you classify errors in accounting?
What is dd and a in oil and gas accounting?
Define balancing in accounting?
You are using the accounts approach to parallel valuation and classic assets accounting. You need to create a new financial statement version to valuation based of IFRS principles. In asset accounting, what posting options can you choose for the new depreciation area? (any 2 answer) Area post in real time Area posts APC directly and depreciation periodically Area posts APC only directly Area posts APC and depreciation periodically
Wat entry ill come after paying the Cen -Excise Tax Vat Tax and Service Tax in the same time
A Company has not deposited its ESI /PF dues from 01-04-10 till 31-12-10 in a year (Both the shares). What is the maximum time limit for that and is the liability as on date. Management wants to daly at the maximum, but want the calculations of each & every aspect- monthwise. The avrerage no. of employees are 50 and the salary is around 2.00 to 2.5 Lacs per month.