Question

why bank is credited in "Placed an order for HP Printers for Rs 15,000, amount advanced 5000"plz help​

Answer 1

Answer:

In this case, the purchase of printer against which advance of Rs 5,000 has been paid 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)

Explanation:

hope it helps you....