Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...


we are going to purchase of new office. what is accounting
entry for it if we made adv to party , some part payment
paid to party. pls tell me & under which group ledger will
come

Answers were Sorted based on User's Feedback



we are going to purchase of new office. what is accounting entry for it if we made adv to party , ..

Answer / rose

Purchase(Office) A/c----Dr
To Advance Cash/Bank A/c-----Cr
To Party A/c---------CR
(Being Part pymt made for Asset purchase)

Is This Answer Correct ?    5 Yes 0 No

we are going to purchase of new office. what is accounting entry for it if we made adv to party , ..

Answer / toms thankachan

Just create a ledger in the name of the party under sundry
creditors/ Bills payables.

Make an entry for the payment
Vendor a/c.... Dr
to Bank.

when you done the deal the entry follows

bldg.....Dr
to Vendor a/c

When the payment made in full
Vendor a/c.....Dr
to Bank

Is This Answer Correct ?    3 Yes 0 No

we are going to purchase of new office. what is accounting entry for it if we made adv to party , ..

Answer / azhar

capital work in progress a/c dr
To vendor a/c

when full payment is made entry will be
vendor a/c dr
To cash

Is This Answer Correct ?    2 Yes 6 No

Post New Answer

More Accounting General Interview Questions

how to pass journal entries for recivables & payables if they are paid next asses year

3 Answers   MAHINDRA,


Can we Put "TAX INVOICE" in the sale in Transit (E1) Invoice.

0 Answers  


Company XYZ split 5:1 on June 30, 2008. Date Close Price # of Shares Revised Closed Price Revised # of Shares June 15, 2009 $75.00 5,000 $75.00 5000 April 23, 2009 $72.00 7,500 $72.00 7500 March 31, 2009 $67.00 135 $67.00 135 March 31, 2008 $275.00 531 $55 2755 November 30, 2007 $233.00 266 $46.6 1330 October 6, 2006 $1,333.00 10 $266 50

0 Answers   Shore Infotech, Tech Mahindra,


What was your most complicated sales cycle in past positions?

0 Answers  


what kind of items are posted in the income statement?

2 Answers   eClerx, Tata Motors,


Please expain difference of service tax and entry tax and rates also in fy 2010-11 and how calculate these taxes

2 Answers  


My question is on Opening & Closing Stock Suppose Closing stock of 2014-15 is Rs 30 lakhs & Also we filed return & ROC too for 2014-15. Opening stock for 2015-16 should be Rs 30 lakhs but we found that some purchase for feb & March 2015 Stock has been entered in tally Its taken directly to purchase split of stock not made & in sales to same of 2 lakhs no split of stock is shown. Those stock need to make changes in 2015-16 what was the process ? And what will be adjustment entry ?

0 Answers  


What else ? This is the question asked to me every where every time while facing interview. I want to know is this a real question for accounting? If yes haw or if no How? I am really confuse.

0 Answers  


how to pass entry of petty cash in tally 7.2

11 Answers  


What is C & F Activity ?

2 Answers   Birla,


Do you have any professional experience in this field?

0 Answers  


Sanjay Ltd invited applications from the public for the issue of 10,000 equity shares of Rs. 10 each at a premium of 20%, payable Rs. 3 on application; Rs. 5 on allotment including premium and the balance in two calls of an equal amount. Applications for 15,000 equity shares were received. The directors allotted 10,000 shares to all the applicants on pro-rata basis adjusting the excess application money towards allotment. All money due on allotment and calls were received. Give journal entries to record the above transactions in the books of the company. Also show the balance sheet.

2 Answers   Ignou,


Categories