Advance w/off entry - plz help
This query is : Resolved
30 March 2015
if advance given to supplier now i need to w/ff that amount what entry i need to pass ?
CA AnKiT BoHrA (AB)
(Expert)
30 March 2015
entry done at the time of giving advance
party dr
to bank
now reverse it like
misc balances w/o a/c dr
to party a/c
party dr
to bank
now reverse it like
misc balances w/o a/c dr
to party a/c
Message likes :
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02 April 2015
MIsc Balance w/o A/c are you sure I can use this ledger to book loss ???
CA AnKiT BoHrA (AB)
(Expert)
02 April 2015
there are no other options u have to book loss for the advance given to party....in mah view... lets wait for some more expert views to make u sure abt this
02 April 2015
OK Ankit Thanks ...if possible consult your friends and let me know...
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