I have proprietorship, my turnover is less than 1cr,50 lakhs, advanced received before July 2017, shall I booked the bill currently, kindly advice us
Mansi Mhapsekar (158 Points)
20 December 2018I have proprietorship, my turnover is less than 1cr,50 lakhs, advanced received before July 2017, shall I booked the bill currently, kindly advice us
Aman Kumar
(Accounts Executive)
(744 Points)
Replied 20 December 2018
If you have received advance amount,so you need to advance amount show in your book,
Aman Kumar
(Accounts Executive)
(744 Points)
Replied 20 December 2018
You have just passed a simple received Entry,when you are recived advance cash/bank
Cash / Bank Dr
To Party A/C
After this Entry your book automatically advance show
Mansi Mhapsekar
(158 Points)
Replied 20 December 2018
Ravi SADhiyan
(Practice)
(4510 Points)
Replied 20 December 2018
| Originally posted by : Mansi Mhapsekar | ||
 |
advanced received before July 2017 and now fy 2018_19 is running, shall I booked the bill against this advance |  |
Yes Booked Againts Advance Amount
Charged GST on Bill
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