Advance for advertising
This query is : Resolved
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
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
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