Question

Placed an order of HP printers for rupees 15000,amount advanced of 5000

Answer 1

"The purchase of printer against the advance of total of Rs 5,000 has been paid then it would not be recorded as purchase but only the amount of advance that has been paid would be recorded in the books.

Vendor A/c Dr. 5,000

To Cash A/c 5,000

(Being the advance paid)

"