Accoutong entry

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ACCOUNTANT
21 Points Joined February 2018

What entry we pass when we gave advance to party for purchase an assets at the year end e.i. 31st march.

 

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On 26 August 2018 at 08:54 Report
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"Do the Right Thing...!!!"
128147 Points Joined January 2015
Just enter Advance to Customer...

Advance to Customer
To Bank A/c
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On 26 August 2018 at 10:14
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81 Points Joined February 2016
Advance to (Party name) A/c. Dr.
To Bank A/c.

when asset is received nd balance payment is made... pass below entry

Asset A/c. Dr.
To Bank A/c.
To Advance to (party name) A/c.
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On 26 August 2018 at 11:31


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