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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)
Q. What is Purchase Discounts account? The buyer records the purchase discount merely when the invoice is paid within the discount period and the discount is taken. The Purchas
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what are the implications of applying accounting concepts wrongly
AL MASA a sole trader,decided to install a new machine to use
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A user buys a new transponder for $20. What debit and credit entries would need to be made?
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