Answer / chalapathi rao govada

Cash A/C DR 10000
To Customer A/C 10000

(Being advance received from customer)

Answer / k. madhusudhan

cash A/c Dr. 10,000
To Advance A/c 10,000
(Being Advance received from a customer)

Answer / jamal

cash Rs 10000
prepaid income/unearned income Rs 10000

because the income we received in advance so its arise liabilities because we didn't provide service or goods and we took money from customer.cash is assets its increase debit.and prepaid income /unearned is liabilities its increase credit.

Answer / pardeep kumar

Bank/Cash A/C Dr. 10,000.00
To Adv. From Customer A/C 10,000.00
(being adv. recieved from customers)

Answer / t.c. arumugam

CASH / BANK A/C. DR 10000.00
CUSTOMER A/C. CR. 10000.00
(BEING ADVANCE RECEIVED FROM THE CUSTOMER M/S. A)

or
CASH / BANK A/C. DR. 10000.00
ADVANCE A/C CR. 10000.00
(BEING ADV RECD FROM THE CUSTOMER M/S.A )

ADVANCE A/C. DR. 10000.00
CUSTOMER A/C. CR. 10000.00
(BEIND ADV RECD FROM CUSTOMER M/S. A)

Answer / satyaki_raju

Advance is not unearned income.it is a payment made by a
customer for future commitment towards supply of goods or
service
The simple entry is
Cash a/c dr
To customer advance a/c
(being advance recd from customer)

Answer / vinay kumar.darsi

At the time of advance received :-
cash a/c dr
to advance from customer a/c

At the time of sale of goods:-
customer a/c dr
to sales a/c

At the time of receipt:-
bank a/c dr
advance from customer a/c dr
To customer a/c

Answer / harendra

cash A/c ---------- Dr. 10,000
To Advance A/c 10,000
(Being cash Advance received from customer)

Answer / vaudevan

There must be some purpose for which Advance is paid by the customer. That is either for material or for the service . So Direct entry mentioned by others like

Cash A/c Dr
To Advance

will not serve the management purpose. Also the customer from whom Advance is not reflected in the above. there it is better to have

Cash A/c Dr
To Advance

Advance a/c Dr
To Customer.

Customer a/c will be in negative or Credit. But at billing we are going to debit him like

Customer A/c Dr
Customer

Vasudevan

Answer / aman roy

Cash A/c Dr.
To Ad.Customer A/c

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