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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
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Answer Posted / ajeetsinghrajpoot
there will be 2 entries 1st party A/c dr. 1130
to goods A/C ....1130
and 2nd on cash A/c dr. 630
to party name A/C 630
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