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Whatis the Journal entry for advance payments and advance
receipts from Debtors and creditors
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Answer Posted / rajesh kumar
for making the advance payments:
Advance A/c Dr
Bank A/c Cr
on Advance receipt from Debtors:
Bank A/c Dr
Cr Advance from Debtors/customer
| Is This Answer Correct ? | 21 Yes | 5 No |
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