If purchasing the goods from supplier, (Client or Vendor)
want to pay directly by cash then what is the scenario in
Accounts Payable, b'coz there is an only three types of
payment are available i.e. 1. Electronic, 2. wire, and 3.
cheque, in this case what we need, and is the journal entry
will get and how it effect in GL Accounts ?
to do
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Answer Posted / isra
Use cash as bank in Ap to pay that invoice... For payment
method we have to check that whether there is option
available for defining a new payment method..
Accounting entries will remain same as in case of payments
through bank account. Just Bank Natural Account will be
replaced with the Cash Natural Account while defining the
New Cash Bank and Cash Account.
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