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How to make entries in Talley for the advance of Rs. 5 lacks
is given from the Project A to B to be returned after some
months
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Answer Posted / vasimmug@yahoo.com
Entry in project-A Dr Cr
Loans & Advances a/c 5,00,000
To Bank/Cash a/c 5,00,000
(Being advance given to B)
Entry in project B's a/c
Bank/Cash a/c 5,00,000
To Loans a/c 5,00,000
(Being loan from A)
| Is This Answer Correct ? | 11 Yes | 0 No |
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