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    shabnamashraf's Avatar
    shabnamashraf Posts: 1, Reputation: 1
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    #1

    Apr 2, 2012, 09:07 AM
    Journal entries of bills receivable
    Sunset Tours has a Rs.3,500 account receivable from Mohan.On January 20,the Rotary makes a partial makes a partial payment of Rs.2100 to Sunset Tours.The journal entry made on January 20 by Sunset Tours to record this transaction includes is ?
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    Apr 2, 2012, 04:16 PM
    What do you think?
    ACCTGUY's Avatar
    ACCTGUY Posts: 22, Reputation: 1
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    #3

    Apr 15, 2012, 05:52 PM
    DR CASH RS 2100
    CR Unearned Revenue RS 2100

    Above journal entries in a case where SUNSET TOURS receive money and haven't received full money to issue ticket.

    Don't have full details Partial payment towards the invoice they have to pay or Parital payments before using travel services.
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #4

    Apr 15, 2012, 05:57 PM
    Debit Cash for the amount received
    Credit Accounts Receivaeble for the amount received
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