Payment received in advance
This query is : Resolved
Gurvinder Singh
(Querist)
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
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
CA AnKiT BoHrA (AB)
(Expert)
10 March 2015
u can receive them as an advance from customer only..!!
Bank dr
to advance from customer
Bank dr
to advance from customer
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