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What will be the journal entry for advance payments made to the other parties?
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Answer / rakesh kumar
parties name a/c dr
to cash / bank cr
(being advance payment made to parties)
| Is This Answer Correct ? | 19 Yes | 3 No |
Answer / mohan
debit to the advanced party and
credit to the who the advance made name party
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / khalid yousf
prepaid expanse a/c Dr
to chase a/c r BANK A/C
| Is This Answer Correct ? | 1 Yes | 4 No |
Answer / yash
Yes Journal entry for advance payments made to the other
parties
| Is This Answer Correct ? | 1 Yes | 10 No |
Answer / guest
Advance payment to ABC Ltd Dr XXXX
Machinery Cr xxxx
| Is This Answer Correct ? | 5 Yes | 18 No |
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