Answer / ramesh

advance ac dr
to customer ac

Answer / rajesh.v

By Cash/Bank A/c Dr ..... Rs/-
To Customer Advance A/c .....Rs/-

Answer / raghu.v

Bank/Cash a/c Dr
Customer A/c cr


It is a liability to us until providing the Services/Selling goods.

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)

Answer / mohammed yousuf baba

Customer A/C ... DR
Advance receive A/C... DR
TO Cash A/C
(Being cash receive in advance from customer)

if we wrongly entered a payment as a receipt in cash book i.e 500000. then what is the difference in cash book and bank statement during the bank reconciliation.

1 Answers  

If i paid cash to my merchandiser(employee) in his imprest account.& if he is not able to arrange the purchase bill than how will be his account settled or what will be the entires for this process.

1 Answers  

i, transfer to capital redemption reserve is not allowed from A, GENERAL RESERVE B, PROFIT PRIOR TO INCORPARATION C, RESERVE FUND D, NONE OF THE ABOVE

1 Answers  

what is the rate of purchasing computer goods from Gujarat, with C form, and what is the rate to sale it in Diu (Union Territory).

1 Answers   ASD Lab,

I have transferred the Plant & machines to our Branch which are located in other state. plz told me how can i show the Machin stk trfr amt in return?

0 Answers   Carlton,

WHAT IS THE MEANING OF R.T.G.S USING IN A BANK.

21 Answers  

Equipment A has a cost of Rs.75,000 and net cash flow of Rs.20000 per year for six years. A substitute equipment B would cost Rs.50,000 and generate net cash flow of Rs.14,000 per year for six years. The required rate of return of both equipments is 11 per cent. Calculate the IRR and NPV for the equipments. Which equipment should be accepted and why

0 Answers  

Tell me by saying, perpetual or periodic inventory system; what do we mean?

0 Answers  

3. Cash Flow from Operation: Assume a company with an Income Statement showing: Net Income …. $ 180,000/- Depreciation …. $ 80,000/- Amortization … $ 60,000/- Deferred Income … $ 40,000/- What would be the: a) Cash Flow from operation b) Ratio of Cash Flow

0 Answers  

hai everone,can anyone send me the accounting ,finance,general interview questions for mba freshers plz.....urjent

0 Answers  

if we have received the bill of telephone and electricity for the period 16th march to 15 april ,what will be the entry for the year ended 31st march '10?will there be any provision entry for this

3 Answers  

what are the accounting standards prevailed now in India. Give a short description about each of them

2 Answers   ICAI,