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Payment received in advance

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10 March 2015 Kind Attn : Dear Sir/Mam

Pls adv, if our company receives payment in Feb15, for a tour which starts in next financial year i.e. 2015-16, Kindly explain the entry to be passed, if possible pls explain the main and the subheads.

Thanks and regards
Gurvinder Singh
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CA AnKiT BoHrA (AB)

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CA AnKiT BoHrA (AB) (Expert)
10 March 2015 u can receive them as an advance from customer only..!!

Bank dr
to advance from customer
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