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
- 3 Answers
- 6672 Views
- I also Faced
- E-Mail Answers
Answer Posted / 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 |
Post New Answer View All Answers
Capital reserve is - a) real account b) nominal account c) personal account d) none of them
"A" has two divisions of "B" and "c".In our system we have two vendor accounts of B&C.We have received one Non PO invoice of B and posted wrongly in C and its got paid.While reconciling the account we got this error is happend.We contacted the C and asked for refund.But C said,he transfer internally the amount directly to B and he will not refund the amount.How we will settle this entry in our books. If we reverse the entry...there is one invoice needs to be reverse and payment doc needs to be reverse..how we can settle this in our books...
i have pay to 250000 excise duty so i ask to all how can maintain entry in tally ?
what are voucher entries for EPF treatment in tally
In South Africa , the current rate for value added tax is ?
1.WHAT IS BRS? 2.WHY DO WE PREPARE BALANCE SHEET? 3.WHAT IS TRIAL BALANCE? 4.WHAT IS VENTURE CAPITAL? 5. WHAT IS DEFFERED REVENUE EXPENDITURE?
Tell me do you have any idea about service tax or excise?
What is finance lease? What are bonus Shares? entry for it. What is Depreciation? What is the Journal Entry? What is DPS? What is minority Interest? where it is shown?
Equipment A has a cost of Rs.75,000 and net cash flow of Rs.20000 per year for six years. A substitute equipment B would cost Rs.50,000 and generate net cash flow of Rs.14,000 per year for six years. The required rate of return of both equipments is 11 per cent. Calculate the IRR and NPV for the equipments. Which equipment should be accepted and why?
What is the general classification of accounts that usually ledger account involve?
RPC Ltd. follows the written down value method of depreciating machinery year after year due to (a) Comparability. (b) Convenience. (c) Consistency. (d) All of the above
is we can prepare any account for partnership in tally
Our is a banking Activity, one person is supplying printing advertisement sheet of our product, whether he is liable to deducte TDS @ 1%
Who is debtor purchaser
What is corporate assesses?
