we given tour advance to party how to treat entry and which
head have to given expenditure
Answers were Sorted based on User's Feedback
Advance(Party) A/c Dr.
To cash
and when he submit the actual expenditure .Advance account to be credited and expenditure account to be debited
| Is This Answer Correct ? | 7 Yes | 1 No |
Answer / nadeem khan
since we are giving amount for tour it's nothing but travelling expenses for the company
and the entry shoul be
travelling a/c ...dr
to cash/bank a/c
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / kolli
Cash/Bank a/c DR
To Party(name)a/c
(Advance Paid For Tour)
| Is This Answer Correct ? | 1 Yes | 7 No |
You are using the accounts approach to parallel valuation and classic assets accounting. You need to create a new financial statement version to valuation based of IFRS principles. In asset accounting, what posting options can you choose for the new depreciation area? (any 2 answer) Area post in real time Area posts APC directly and depreciation periodically Area posts APC only directly Area posts APC and depreciation periodically
What are the three major parts of accounting
what is mean by contra entry
Do is it proper fo an engineer to head a bank without a good backgroud in accounting? ?
what are the voucher entries in tally for medical insurance
Under the accrual basis of accounting, when revenues are reported in the accounting period?
Vendor A/c Dr To Purchases A/c Cr In an entry what "TO"(Near Purchase) means or stands for or used for or from which accounting angle we have to use.
how to pass an entry for expenditure by deducting tds for customer
Why we debit expenses and credit incomes ?
please tell me last date of esi return by half yearly? 1.4.2009 to 31.9.2009 ist quater.........? 1.10.2009 to 31.3.2010 2en quater........?
what is a source document for a cancelled cheque
what is the reserve & surplus ?