Entry is mandatory in books of account
Sandeep Jain (Pivate) (1426 Points)
01 October 2022Some Sundry creditor's balances is show in Dr. because we have given to advance for goods purchase.so it's mandatory to pass the below entry in books of accounts
Advance ABC company Dr.( advance to Supplier's- assest)
ABC Comapny Cr. 31.03.2022
ABC company Dr.
Advance ABC company cr. 01.04.22
or nothing to do leave as it's Kindly suggest.