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What is the entry pass if we are given to advance for
employee?
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Answer Posted / amit kumar tiwari
Employee Account Dr.
to Cash/bank
(Being Amount paid as advance Mr/Ms..............)
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Dear sir/madam, Want to know entry for closing of sundry creditors account on the end of the year when its accounts shows debit balance, Payment made excess. E.g Invoice rcvd : 100000.00 from XYZ company payment Made: 105000.00 Please suggest best entry for the same
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