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Golden Rule

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(Querist)
05 November 2023 1. Advance to supplier comes under loans and advance ? My answer is yes plz confirm
2. When we debit the entry in which golden rule we have say personal account debit the receiver or Real Account what comes in?
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Asha Kanta Sharmapro badge online

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Asha Kanta Sharmapro badge online (Expert)
15 January 2024 Advance to supplier should be accounted in the vendor ledger (Accounts Payable) itself to have better visibility

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