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An advance of Rs 10000/- is received from customer.
pass necessary journal entries
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Answer Posted / 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
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