Question

Received an order from Shyam for supply of goods of the list price of rs. 1,00,000 with an advance advance of 10% of list price. pass the journal entry

Answer 1

heyaa,,
there will be no journal entry for this question ...
because here cash is not involved...
☺☺☺

Answer 2

10% of 100,000 is 10,000 therefore on order the buyer paid 10000, this 10,000 is debited on the sales account, and the remaining 90, 000 is credited on the sales account, on Shyam's account 10,000 is credited and the remaining 90,000 is debited on his account, the stock is released and the other payment will be released after honoring the order,.