Question

Received an order from kapil for the supply of goods worth rupees 24000 in this connection we received rupees 12000 as advance brainly

Answer 1

it is recorded only 12000 as advance cash received but outstanding liability for accounts payable of ₹ 12000 is not recorded in the journal entry i.e. it is not a transaction of rupees rest on 12000

cash a/c. dr. 12000

to Kapil a/c. 12000

(being cash received from Kapil)

Answer 2

Answer:

hope this helps you....