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If We Paid 15000/- For Advertising Exp To XYZ Co,What IS The
Entry And In which Ledger It Entered? Is It Necessanry To Make
2nd Entry? Plz Discribe All.
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Answer Posted / m.amaan
If we want to show this entry directly as an expense of the
business,then ENTRY:
ADVERTISEMENT EXP/SALES PROMOTION EXP A/C DR. 15000
TO BANK A/C 15000
(BEING ADVERTISEMENT EXP PAID TO XYZ CO)
| Is This Answer Correct ? | 12 Yes | 0 No |
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