Interested to Buy Any Domain ? << Click Here >> for more details...
advance received from customer what is the general entry
- 5 Answers
- 5115 Views
- I also Faced
- E-Mail Answers
Answer Posted / mohammed yousuf baba
Customer A/C ... DR
Advance receive A/C... DR
TO Cash A/C
(Being cash receive in advance from customer)
| Is This Answer Correct ? | 0 Yes | 11 No |
Post New Answer View All Answers
WHAT ABOUT YOUR SELF IN ACCOUNTING SYSTEM
examole of cash to cash contra entry
how to pass entry in tally for Interest received on sweep credited to saving a/c? In what group it should be come
2. A budgeted profit statement of a company working at 75% capacity is provided to you 2 below, Sales 9,000 units at Rs. 32 Rs. 2,88,000 Less: Direct materials Rs. 54,000 Direct wages 72,000 Production overhead: fixed 42,000 variable 18,000 1,86,000 Gross profit 1,02,000 Less: Administration, selling and distribution costs: fixed 36,000 varying with sales volume 27,000 63,000 Net profit 39,000 You are required to: (a) Calculate the breakeven point in units and in value. (b) It has been estimated that: (i) if the selling price per unit were reduced to Rs. 28, the increased demand would utilise 90% of the company's capacity without any additional advertising expenditure, and (ii) to attract sufficient demand to utilise full capacity would require a 15% reduction in the current selling price and a Rs. 5,000 special advertising campaign. You are required to present a statement showing the effect of the two alternatives compared with the original budget and to advise management which of the three possible plans ought to be adopted, i.e., the original budget plan or (i) above or (ii) above. (c) An independent market research study shows that by spending Rs. 15,000 on a special advertising campaign, the company could operate at full capacity and maintain the selling price at Rs. 32 per unit. You are required to: (i) Advise management whether this proposal should be adopted.
In accounting, how do you define the premises?
how will rectify the error in trial balance.
Why in KE5Z report in SAP Accounting Data not found?
how to pass journal entries for reverse tax on input tax paid
Hi sir, Our appointed one agent for sales promotion activities. This agent doing the job "canvas of our product". My quires 1)it is eligible for service tax and how to accounted. 2) this transaction is direct expenses or direct expenses? Pl suggest me
salary entry with briefly including pf,esi,employee advances -journal entry with against payment entry
if we have provision for bad debts and RDD then on which amount we have to calculate RDD original or deducted?
A and V enter into a joint venture to sell a consignment of biscuits sharing profits and losses equally. A provides biscuits from stock Rs 10000. He pays expenses amounting to Rs 1000. V incurs further expenses on carriage Rs 1000. He receives cash for sales Rs 15000. He also takes over goods to the value of Rs 2000. The profit on joint venture is 7 (a) Rs.3000 (b) Rs.5000 (c) Rs.6000 (d) Rs.3500
What are the different branches of accounting?
hi m freshe working as a account assistance. i want know about accounts, what is balance sheet, profit & loss a/c, trail balance? why these are require to company? how can i know about full account work in tally? what should i do everyday? how to finalisation calculting? kindly explain please..
Explain what is gaap?
