How to treat entry , Accounting Basics

Assume we had given tour advance to party how to treat entry and which head have to given expenditure?

Ans) Cash/Bank a/c DR

To Party(name)a/c
(Advance Paid For Tour)

 

Posted Date: 3/30/2013 3:06:41 AM | Location : United States







Related Discussions:- How to treat entry , Assignment Help, Ask Question on How to treat entry , Get Answer, Expert's Help, How to treat entry Discussions

Write discussion on How to treat entry
Your posts are moderated
Related Questions
Describe what journal entry pass in case of vat refundable and in case of vat payable?       Ans) In case of vat payable: output vat Toinput vat To vat payable In case o

Provide an argument for including or not including current liabilities in the cost of capital calculation

what would be the entry for-"rent recieved in advance"

Calculate the amount of interest for each of the following independent situations (assume 365 days per year):             a)

Closing entries perhaps prepared directly from the work sheet. The first journal entry debits all items appearing in the Income Statement credit column as well as credits Income Su

Q. Show Periodicity concept? As per to the periodicity (time periods) concept or assumption an entity's life can be meaningfully subdivided into time periods (such as months or

A of surat consigned goods to b of jaipur

1. Double declining method 2. Units of production method 3. Sum of year digit method 4. Straight-line method Depreciation Fund Method Insurance Method Annualy Method

Oligopoly is a market where the supply is controlled by a little group of companies. In this condition, the actions of single company will have a material effect on the entire mark

Q. What are Accrued items explain with example? Delayed items consist of two types of adjusting entries asset/expense adjustments and liability/revenue adjustments. For instanc