We have an boat manufacturing company .we customer order one boat the cost is 1130 .we have received advance 500 balance he will give after giving boat can you give me journal entry
cash A/c Dr 500
customer A/c Dr 630
To Sales 1130
is this entry is correct ?if not please give me exact entry

Answer Posted / saqib waheed khan

Cash 500 dr
A/c recivables 630 dr
To sales 1130 cr

Is This Answer Correct ?    1 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is the responsiblities for accounts manager?

1491


Describe the advantages and disadvantages of the different accounting packages/systems you have used recently in your accountant jobs

692


How Can We Differ Horizental & Vertical Balace Sheet? Explain.

1417


Hi wht r da questions which are mostly asked in an Accounts related job for freshers?

1513


What is the disadvantage of double entry system?

636






What's the accounting entry when an Invoice is created in AR?

1594


Follow up ageing balances of Debtors & Creditors and also Inventory

1641


What can be done incase of excess payment of TDS Remittence than the actual amount? Is there any adjustment towards the excess amount with the upcoming TDS payment? Reference of last quarter challan should be shown while adjusting in next quarter?

1094


What are the AP accounting entries for EXPENSE ITEM VS Inventory Item in oracle ERP

2791


What is Prepaid Entry

1279


how to calculate basic to gross salary

1528


What are source documents in accounting?

640


HOW TO FILL PURCHASE RETURNS IN VAT 200,IF NOT PURCHASES THE PERIOD?

1547


Explain the types of ledger?

3582


is we can prepare any account for partnership in tally

3243