Accounting Entries
This query is : Resolved
Anjan S. Mehta
(Querist)
20 March 2008
Sir,
I am working in Construction co. we have purchased land for development & as per slabwise received amount from the customers also. Now my query is- in tally how will I pass accounting entries for amount received from customers against booking of flat. Shoul I show under loans & advances till the possession of flat or I will open every customers flatwise ledger a/c under S. Debtors. Please explain throughly.
thanks,
Anjan S Mehta
I am working in Construction co. we have purchased land for development & as per slabwise received amount from the customers also. Now my query is- in tally how will I pass accounting entries for amount received from customers against booking of flat. Shoul I show under loans & advances till the possession of flat or I will open every customers flatwise ledger a/c under S. Debtors. Please explain throughly.
thanks,
Anjan S Mehta
CA. GOPAL SONIKA
(Expert)
20 March 2008
It shown under the head "Advance from Customers. In this it would be good if flatwise ledger account is maintained. However till the possesion is not given it cannot be shown under debtors
CA. GOPAL SONIKA
(Expert)
20 March 2008
It shown under the head "Advance from Customers. In this it would be good if flatwise ledger account is maintained. However till the possesion is not given it cannot be shown under debtors
CA. GOPAL SONIKA
(Expert)
20 March 2008
It shown under the head "Advance from Customers. In this it would be good if flatwise ledger account is maintained. However till the possesion is not given it cannot be shown under debtors
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