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If We Paid 15000/- For Advertising Exp To XYZ Co,What IS The
Entry And In which Ledger It Entered? Is It Necessanry To Make
2nd Entry? Plz Discribe All.

Question Posted / satish0410

Answers were Sorted based on User's Feedback



If We Paid 15000/- For Advertising Exp To XYZ Co,What IS The Entry And In which Ledger It Entered?..

Answer / bhavna

Entry:

Advertising Exp. A/c Dr.
To XYZ Co. A/c


At the time of Payment :

XYZ A/c Co. A/c Dr.
To Cash/Bank A/c

Is This Answer Correct ?    18 Yes 1 No

If We Paid 15000/- For Advertising Exp To XYZ Co,What IS The Entry And In which Ledger It Entered?..

Answer / m.amaan

If we want to show this entry directly as an expense of the
business,then ENTRY:

ADVERTISEMENT EXP/SALES PROMOTION EXP A/C DR. 15000
TO BANK A/C 15000

(BEING ADVERTISEMENT EXP PAID TO XYZ CO)

Is This Answer Correct ?    12 Yes 0 No

If We Paid 15000/- For Advertising Exp To XYZ Co,What IS The Entry And In which Ledger It Entered?..

Answer / mohit kumar

ADVERTISEMENT EXPS ...... DR. 15000/-
TO CASH/BANK A/C 15000/-

Is This Answer Correct ?    2 Yes 0 No

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