Advance for advertising

This query is : Resolved

syedabuthahir (Querist)
Follow

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

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

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

Ganeshbabu K

Ganeshbabu K (Expert)
Follow

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

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

CA Narender Yarragorla

PRABHU

ACCFIN SOLUTIONS

Prabhakar Manjunath

Saumil Kapadia

Subscribe Now

Advance for advertising

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Article Assistant

Accountant

CA Final