how long we keep invoices for recivables and there is any
neccesary to keep delivery challans
Answers were Sorted based on User's Feedback
YES IT IS NEEDED. RECEIVABLES IS NOTHING BUT COLLECTION
NEED TO BE REALISED BY CUSTOMERS. IT IS NECESSARY TO
MAINTAIN PROPER RECORD FOR RECEIVABLES TO TRACE OUT THE
PERSONS WHO HAVE NOT PAID. DELIVERY CHALLAN NEEDED TO BE
PRESERVED BECAUSE IT IS PREPARE FOR CONFIRMATION OF
CUSTOMERS ORDER. IT HELP FOR FINDING CORRECT ORDER NUMBER
WHAT STOCK ITEM IS QUOTED. IT HELPS FOR ORDER CANCELLATION
ALSO. IF ANY STOCK IS REJECTED BY WAY OF REJECTION, THIS
HELPS TO FIND WHICH ORDER NUMBER IS CANCELLED.
| Is This Answer Correct ? | 7 Yes | 0 No |
upto the received from debtord, or upto seven year for the
purpose of audit
| Is This Answer Correct ? | 6 Yes | 1 No |
Entry for revenue item will be Expenses A/C Dr to Cash. But in the Profit and Loss account we will see the expenses with a pre fix of To Expenses Why?
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Transport expense were reimbursed by the supplier Pass journal entry
1 Answers Satyaki Educational Academy,
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