ENTRY FOR CUSTOMER A/C

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

22 January 2011 DEAR SIR
I MAKE ONE INVOICE FOR CUSTOMER ON 20/12/10 RS2000/- AND HE DEPOSITED ON BANK RS2500/-. AS ON 31/12/10 HIS A/C SHOWING 500/- MORE AND HE WANT TO DEDUCTED THIS AMT FROM NEXT INVOICE (JAN'11)FOR CLOSING THIS CUSTOMER A/C AS ON 31/12/10
WHAT ARE THE ENTRY I HAVE TO PASS ON 31/12/10
WHAT ARE THE ENTRY I HAVE TO PASS ON 01/01/11
PLEASE HELP ME.

CA Punit

CA Punit (Expert)
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28 January 2011 pass regular entries of invoice & receipts...

Rs. 500 will be shown as:
'Advance received from Customers/Debtors'
under current liabilities

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