Advance for advertising
This query is : Resolved
syedabuthahir
(Querist)
13 September 2013
Advance giving for advertisement expenses if it is current asset or we can enter normal expenses please give a complete entry for this
Thanking You
M Syed Abuthahir
Accountant
Thanking You
M Syed Abuthahir
Accountant
13 September 2013
For advance payment:
Advance for advertisement a/c...dr
to Cash/ bank a/c
When exp is to be booked:
Advertisement a/c....dr
TO Advance for advertisement a/c
To Cash/ Bank a/c( for further payments made)
Transfer to P and L a/c:
Profit and loss a/c...dr
to Advertisement a/c
Advance for advertisement a/c...dr
to Cash/ bank a/c
When exp is to be booked:
Advertisement a/c....dr
TO Advance for advertisement a/c
To Cash/ Bank a/c( for further payments made)
Transfer to P and L a/c:
Profit and loss a/c...dr
to Advertisement a/c
Ganeshbabu K
(Expert)
15 September 2013
If expence not booked as on 31.03.2013,,it is treated as current asset,,and if it is related to current year expence provision for expence to be provided
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Working on Gold wastage during Melting of old gold jewellery
- Section 269ST applicability for capital introduced by partner to his partnership firm
- ETDS return q4 25-26
- Capital Gains Tax on Inherited Mutual Fund
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
