We have an boat manufacturing company .we customer order one boat the cost is 1130 .we have received advance 500 balance he will give after giving boat can you give me journal entry
cash A/c Dr 500
customer A/c Dr 630
To Sales 1130
is this entry is correct ?if not please give me exact entry
Answer Posted / ajeetsinghrajpoot
there will be 2 entries 1st party A/c dr. 1130
to goods A/C ....1130
and 2nd on cash A/c dr. 630
to party name A/C 630
Is This Answer Correct ? | 0 Yes | 2 No |
Post New Answer View All Answers
your company by machinary for Rs 3000000/-, what will be the maximum term lean avaible form bank?
What does a demo/presentation need to be effective?
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?
what are the adjustments and treatment with connection to the profit and loss appropriation accounts and how they do?
1)What is E-1 Sales (Sales in Transit) Full Guidence From Issue to receipient. 2) What is F Form How Are procedure
What is your greatest achievement and why?
Can you help me to pass the journal entry for work in progress for a construction company? I would like to know the debit and credit for W.I.P will be under in which accounts head. Eg: debit will be in current asset a/c head, and credit will be under in which a/c in P&L? whether under purchase a/c head, or under direct income a/c head? please give me the details. Thanks for your previous answer?
8. What is the difference between: a. Direct Costing Method and Absorption Method. b. Fixed Cost and Variable Cost.
What are its characteristic features of financial accounting?
Why companies are issuing their shares at premium and discount? What benefits the companies and the investors can get in both the cases?
What is executive accounting?
How Can We Differ Horizental & Vertical Balace Sheet? Explain.
in insolvency we have to prepare deficiency account but why we do not prepare this account as per general principle i.e Dr Cr To By etc , and deficiency account is which account?
WHEN WILL SBI DECLARE THE RESULTS OF INTERVIEWS OF CLERICAL CADRE HELD IN APRIL-MAY 2010?
Tell me do you think there is any difference between inactive and dormant accounts?