journal entry of - we received value order for 20000 from mohan of supply of goods and receive 12000 as an advance together with order .....
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Chemical weathering typically increases as temperatures rise and rain falls, which means rocks in hot and wet climates experience faster rates of chemical weathering than do rocks in cold, dry climates.
Physical weathering occurs more often in cold climates, because the different minerals within rocks expand and contract at different rates when they are heated and cooled. Repeated heating and cooling cycles eventually cause rocks to fracture. Desert and mountain climates experience a wide range of temperatures from low to high during a day and night, which accounts for the breakdown of rocks known as physical weathering.
Biological weathering occurs when living organisms break up rocks. Tree roots, for example, can fracture rocks in the same way they buckle pavement. Warm, humid climates are most favorable to life. Contrast the rich diversity of life in a rainforest, for example, with the scarcity of life in the dry Sahara or the frigid Antarctic. Consequently, rates of biological weathering are most rapid in warm humid climates like those in tropical regions.
The above given statement will have no journal entry since it is an event without any monetary transaction like advance being received from customernor there is any transfer of goods to customers from the buisness thus there is nothing to be recorded in the books of buisness ,so it will have no journal entry for the above question.
But certain advance was received against the order from customer then the journal entry will be….
Cash or bank acct Dr
To advance from customer acct.
And now when the actual goods r dispatched to the customer it will be …
Advance from customer acct Dr
To sales acct
Since cash is already received so it will not be debited instead advance acct will be debited.
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