How to record:- Amount received 500000/- for supply of material for 5 years
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Answer / twinkle verma
Bank a/c .....Dr. To Sales a/c (Being material supplied for 5 years in advance)
| Is This Answer Correct ? | 7 Yes | 1 No |
Answer / abhi
how could u assume amount was not received in cash without any information.
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / ishaq
Bank Account Debit
To Sales Account Cridit
To Supply Account Cridit
| Is This Answer Correct ? | 0 Yes | 0 No |
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