How to pay a deposit in advance after buying a batch of furniture? How to account for the invoice re

Updated on furniture 2024-06-24
1 answers
  1. Anonymous users2024-01-24

    1When the deposit is paid in full.

    Debit: Advance Accounts - * Company.

    Credit: Bank deposits.

    Receive the invoice later.

    Borrow: Fixed assets or low-value consumables.

    Tax Payable - VAT Payable - Input Tax.

    Credit: Accounts prepaid.

    Accounts payable or bank deposits.

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