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Querist : Anonymous

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Querist : Anonymous (Querist)
22 May 2012 we have import a machinery on 22-4-2012
but payment made in advance i.e. on 19-4-2012
whether any treatment is required
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CA CS Amit S. Kedia

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CA CS Amit S. Kedia (Expert)
22 May 2012

Advance for machinery Dr
To Bank

Machinery A/c Dr
To Advance for machinery
first entry will be passed on 19/04/2012 and second entry will be passed on 22/04/2012 and exchange difference if any, arises will go to P&L A/c.
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