we given tour advance to party how to treat entry and which
head have to given expenditure
Answer Posted / syed irfan
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 |
Post New Answer View All Answers
What are the different fields of accounting?
Hello Friends, I am Vinod Rawat & want some tips of interview question for the post of accountant in a reputed company Pls. Given Examples.
PROVIDENT FUND TO BE CALCULATED ON BASIC AFTER DEDUCTION OF ABSENTS (LOP)
what is use of cost category ? which type is useful in accounting work ? give answer with solid example because iam slow learner in accounting line.
Why is it necessary to prepare Asset Disposal Account?
Define depreciation and its types?
Describe me accounting rules
over draft balance as per cash book (journal entries needed) a,cheques deposited in bank but no entry was passed in cashbook b, credit side of the bank, column cash short c, chques received but not sent to bank d, insurance premium paid by bank as per standing instructions e, credit side of bank, coloumn cash short f, bank charges entered in cash book twice g, cheques received returned by bank but no entry passed h, cheques issued returned on technical grounds i, bills directly collected by bank j, bank charges debited by bank k, cheques received entered twice l, bills discounted dishonoured
what stock transfer applicable in sister concern unit.
Is the shadow balance present in bank account always credited or bank may reverse it as well?
Interest received 5,000 and still receivable Rs. 2,000 PLease give journal entry for this!
What is the abbreviation for the accounting terms debit and credit?
What is dd and a in oil and gas accounting?
How Can We Justify the,Real A/C & Nominal A/C?
DIFFERNCE BETWEEN RESERVE AND FUND?