Retail
Advance Payment to Supplier for Future Stock
Paying a supplier in advance to secure a large seasonal stock order.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Advances to Suppliers | Asset (+) | 20,000.00 | - |
| Cash / Bank | Asset (-) | - | 20,000.00 |
💡 Accountant's Note
Supplier advances are current assets — not expenses. They convert to inventory when the goods are delivered and the supplier's invoice is received.
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