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Accounting Entries

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(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
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CA. GOPAL SONIKA

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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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CA. GOPAL SONIKA

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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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CA. GOPAL SONIKA

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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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