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Account of credit

Accountancy

Suppose in a shop my account is there(credit) i gave advance money to shopkeeper what will be the entry?? Will it be treated as advance received or not??

Prathmesh kharul

Prathmesh kharul

CA Foundation

★ 3K+

22-Apr-23 03:57

314

Answers (1)

Yes it's treated as adv received... u will be treated as liability

KanakaMahaLaxmi Gunisetti

KanakaMahaLaxmi Gunisetti

CMA Inter

★ 3K+

22-Apr-23 06:36

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