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what will be the entry for recivables at 31 st march and
if they are paid after 1 month then what is the entry

Answers were Sorted based on User's Feedback



what will be the entry for recivables at 31 st march and if they are paid after 1 month then what..

Answer / upendra reddy.g

March 31 pass the journal vocher

Receivable A/c dr
to party a/c

After one month pass the entry

Party accounts Dr
to cash or bank Accounts

Is This Answer Correct ?    1 Yes 1 No

what will be the entry for recivables at 31 st march and if they are paid after 1 month then what..

Answer / r sumitra

it will be recorded in the B/R book.....can c/f to the next
accounting period

Is This Answer Correct ?    1 Yes 1 No

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