PlummetFahad Al Mansoori

1300 — Advances to suppliers

AssetsCurrent assetsExample

Balances on the debit side. Everything below is derived from the postings that name this code.

Open the ledgerBack to the chart
Opening balance AED742,000.00
Debits AED4,016,556.05
Credits AED—
Balance AED4,016,556.05
Postings6

Account details

Changes are held in this browser for the length of your visit.

The code is what every posting refers to, so it cannot be changed once the account exists.

Decides which side of the books it sits on.

The subtotal it falls under.

The balance brought forward, on the side the account naturally sits. A creditor of 12,000 is entered as 12000.

Running balance and date range
SourceNarration
7 Feb 2026OpeningBrought forwardBalance brought forward from the previous system · Balance brought forward from the previous system742,000.00—
25 Apr 2026PV-2026-0160PaymentAdvance to Al Futtaim Building Supplies · From payment PV-2026-0160587,215.96—
29 Apr 2026PV-2026-0152PaymentAdvance to Peglar Valves Ltd · From payment PV-2026-0152160,246.66—
13 May 2026PV-2026-0154PaymentAdvance to Ningbo Kaiyuan Sanitary Co. · From payment PV-2026-0154407,743.72—
15 May 2026PV-2026-0158PaymentAdvance to Taizhou Wanfeng Fittings · From payment PV-2026-0158667,492.57—
4 Jun 2026PV-2026-0156PaymentAdvance to Zhejiang Yuhuan Brass Works · From payment PV-2026-0156151,957.07—
27 Jun 2026PV-2026-0162PaymentAdvance to Emirates Adhesives FZC · From payment PV-2026-01621,299,900.07—
Totals4,016,556.050.00
  • OpeningBrought forward

    Balance brought forward from the previous system · Balance brought forward from the previous system

    Date7 Feb 2026
    Debit AED742,000.00
    Credit AED—
  • PV-2026-0160Payment

    Advance to Al Futtaim Building Supplies · From payment PV-2026-0160

    Date25 Apr 2026
    Debit AED587,215.96
    Credit AED—
  • PV-2026-0152Payment

    Advance to Peglar Valves Ltd · From payment PV-2026-0152

    Date29 Apr 2026
    Debit AED160,246.66
    Credit AED—
  • PV-2026-0154Payment

    Advance to Ningbo Kaiyuan Sanitary Co. · From payment PV-2026-0154

    Date13 May 2026
    Debit AED407,743.72
    Credit AED—
  • PV-2026-0158Payment

    Advance to Taizhou Wanfeng Fittings · From payment PV-2026-0158

    Date15 May 2026
    Debit AED667,492.57
    Credit AED—
  • PV-2026-0156Payment

    Advance to Zhejiang Yuhuan Brass Works · From payment PV-2026-0156

    Date4 Jun 2026
    Debit AED151,957.07
    Credit AED—
  • PV-2026-0162Payment

    Advance to Emirates Adhesives FZC · From payment PV-2026-0162

    Date27 Jun 2026
    Debit AED1,299,900.07
    Credit AED—

Figures are in AED. A journal voucher raised in another currency is converted at the rate written on the voucher.

Delete this account

Account 1300 cannot be deleted. 6 postings worth 4,016,556.05 name this code, and removing it would leave them with nowhere to sit. Reverse or reallocate those postings first.

Photos from Pexels