Interested to Buy Any Domain ? << Click Here >> for more details...
how to pass journal entries for recivables & payables if
they are paid next asses year
- 3 Answers
- 37131 Views
- MAHINDRA, I also Faced
- E-Mail Answers
Answer Posted / sangeethag
Journal entries for receivable :
Debtors/Accounts receivable Dr. ****
To Sales ****
Next year payment entry would be
Cash/Bank Dr. ****
to Debtors ****
Journal entries for payable :
Expenses Dr. ****
To Creditors /Accounts payable ****
Next year payment entry would be
Creditors /Accounts payable Dr. ****
To Cash/Bank ****
| Is This Answer Correct ? | 46 Yes | 0 No |
Post New Answer View All Answers
My company was granted a bank facility of 750,000 for guarantee, performance bond, advance payment, retention guarantee and 100,000 bank overdraft. These facility amount was never added to the company account. a. What is the entry? b. Lien over fixed deposit for 50,000 to be brought upfront c. Lien over gradual buildup for fixed deposit 50,000 by transferring 10,000 monthly from customer's account to separate call account. d. After a month, we had an overdraft of 22,000. What will be my entry? e. After 3 months, we have a construction project and was asked for advance payment of 24,000 with a 25% margin? f. Another company asked for performance bond of 44,200 with 25% margin.
i have pay to 250000 excise duty so i ask to all how can maintain entry in tally ?
What is the difference between perpetual and periodic inventory systems?
What are negative postings?What are Credit memos ?Payment Requests ?
shares convert into share capital what is the journal entry? how many ledgers need to create?
what is payment written
When a merchant sales of goods included/charged on packaging charges ,cartages and insurance;i.E :-Indirect income/revenue income and indirect expense/revenue expenditure. Plz suggeste me correct answer.Through messages,mail .
How to make privision in SAP. (Please revert on the possibility of making this happen at PO Stage)
Cheque rs 1400 received from Charles in settlement of a debit of rs 1500 returned dishonored
When Iam entering sales in Tally ERP 9, It Is not reflecting in the stock, Why itt is happends like this ? I entered sales with delivery note Number, So think that is because it is not reflecting in Stocks, and when iam checking in the stocks its saying negative stock
How do we calculate the cost of investment?
Which forms in use in service Tax, Excise duty and Vat for the return.
can we change date in tally.erp s/w in educational mode ?
What is the difference between cfa and csa?
Journalize the Following: 1. The following were purchased on account: a. Materials $ 10,000 b. Office supplies $ 2,000 c. Small tools $ 1,000
