Received an order from Shyam for supply of goods of the list price of rs. 1,00,000 with an advance advance of 10% of list price. pass the journal entry

Date

Particulars

L.F.

Debit

Amount

Credit

Amount

 

Cash A/c

Dr.

 

10,000

 

 

 

To Shyam

 

 

10,000

 

(Advance amount received from Shyam @ 10% of the total order amount of Rs 1,00,000)

 

 

 

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