Interested to Buy Any Domain ? << Click Here >> for more details...
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
- 6983 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 |
Hi.. I am pursuing my MBA II year thrgh distance frm O.U HYD., Pls let me know any jobs...in Bank jobssssss
journal entry of outstanding salary
which chart of depreciation copy for our Indian companies in sap(fi-aa)? please give answer. Thanking you, mohan
what is contingent liabilty, how it shows in balance sheet?
What are the accounting events that are frequently involved in compound entries?
What is Balance sheet in Tally?
What is a Payment Format
What is compound journal entry?
What is journal entry for salary paid less deductions (e.g. fines for breaking a company's property)?
what means by goodwill?
what is a grn in terms of accounting ? what is a grnthroughpo in terms of purchase order? what is a direct grn?
what are the tricks in posting trial balance ?
Audit 
