advance received from customer what is the general entry
Answers were Sorted based on User's Feedback
Answer / rajesh.v
By Cash/Bank A/c Dr ..... Rs/-
To Customer Advance A/c .....Rs/-
Is This Answer Correct ? | 1 Yes | 1 No |
Answer / raghu.v
Bank/Cash a/c Dr
Customer A/c cr
It is a liability to us until providing the Services/Selling goods.
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / hitendra singh shekhawat
cash ac. dr.
to unearned income
(at the time of receive)
unearned income AC. dr.
to costumer ac
(on due date)
Is This Answer Correct ? | 0 Yes | 4 No |
Answer / mohammed yousuf baba
Customer A/C ... DR
Advance receive A/C... DR
TO Cash A/C
(Being cash receive in advance from customer)
Is This Answer Correct ? | 0 Yes | 11 No |
how is suspense a/c treated after it has been shown in the trail balance ?
What is Bank ?
What will be the entry in book, stock get destroyed in fire Of rs. 1, 00,000/- in two circumstances?
What is book Pfofit ?
How tha valuation of Inventory should be done?
how to treat visa renewal expenses in a company ? is it a prepaid expense?
cost of normal waste of material under contact costing is debit to : 1)contract a/c 2) trading a/c 3) matrial a/c 4) profit and loss a/c
Tell us why did you select accounting as your profession?
how can we make a TDS entry in tally 9? Rent EXp : 10000 TDS on rent : 10% Party name : Mr, X Bank : SBI
What a deferred asset is and give an example?
what is amortization?
What do you mean about TDS And Sale tax retrun