Journal Entry

Advance received from Customer and advance paid to supplier

Journal entry of Advance received from Customer and advance paid to Supplier

Journal entry of Advance received from Customer and advance paid to Supplier Advance received form Customer  When Advance received from customers that is current liabilities as its our obligation for us to deliver goods and service in future. Before going further we have to understand what is Advance paid through the accounting rule of assets …

Journal entry of Advance received from Customer and advance paid to Supplier Read More »

Newsletter Signup

Subscribe to our weekly newsletter below and never miss the latest product or an exclusive offer.