Journal entries- Doubts-pls clarify?????

malarvannan (accounts executive) (133 Points)

13 July 2011  

Dear friends

I have few clarification

1.I received advance pymt from xyz co., -10000/-, sale of product value is 4000/-, remaining i returned back 6000/- to xyz ltd.,

receipt entry: bank a/c dr 1000     (advance)

                              to xyz co   1000

 sale:-  xyz co 4000                         (agst ref)

                     to sales a/c  4000

cash returned:  xyz  co  6000       (new ref)

                                    to bank a/c

pls guide reg this.

 

2. We spent expenditure for website designing for our company. ex:25000/-

           advance paid to abc co.,10000

what is the entry , whether abc co., comes under creditors?

 

3. we paid dealership amt to anand enterprises.

     what is the entry, under which head it will come.

 

pls guide me.

 

malarvannan.