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Advance w/off entry - plz help

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(Querist)
30 March 2015 if advance given to supplier now i need to w/ff that amount what entry i need to pass ?
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CA AnKiT BoHrA (AB)

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CA AnKiT BoHrA (AB) (Expert)
30 March 2015 entry done at the time of giving advance

party dr

to bank


now reverse it like

misc balances w/o a/c dr
to party a/c
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CA Deven

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CA Deven (Querist)
02 April 2015 MIsc Balance w/o A/c are you sure I can use this ledger to book loss ???



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CA AnKiT BoHrA (AB)

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CA AnKiT BoHrA (AB) (Expert)
02 April 2015 there are no other options u have to book loss for the advance given to party....in mah view... lets wait for some more expert views to make u sure abt this
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CA Deven

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CA Deven (Querist)
02 April 2015 OK Ankit Thanks ...if possible consult your friends and let me know...

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