Interested to Buy Any Domain ? << Click Here >> for more details...
1. If i receive one invoice from our contractor on 01.08.10
, but the invoice date 30.07.10. My question is in what date
i should take into account this transcation (i.e 30.07. Or
01.08.10)
2. If i receive a cheque from our customer on 30.08.10 but
its not possible to deposit in the same date, because of
closing of bank hours, it is possible only to deposit the
cheque on next day only. In this case which date i should
taken for account the transcation.
- 3 Answers
- 5367 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / malli
if u receive invoice from u'r costumer u have to enter that
date only. whenever u deposit in bank that cheque thy will
enter when u'r cheque clear..the total different clear in
Bank BRS.
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / k.ganesh
For Bill Received from Your Customer your supposed post it
on the Bill date itself.
And for Cheque Received from your Customer, if you post as
per the date in the instrument in your books and deposit it
on the next day it will be shown in the difference of BRS at
the end of month under the head of Cheque deposited but not
Cleared. It's Better to Post the Depositing Date as Cheque
date to avoid these type of confusions.
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / muhammed ansar
when we receive an invoice from the creditor it should be recorded on the invoice date itself. On the other hand in case of a cheque it is better to record it on the recieving date.
Cheque is treated as same like cash. When it comes in our hand it is supposed to be credited to the creditors account. In case of any bounce ; it can be returned .
| Is This Answer Correct ? | 0 Yes | 0 No |
What is SOX?
How to transefer data from tally 9.0 to excel to do simuntennis
1) XYZ Ltd bought goods for Rs.200000 from ABC Ltd. The co gave 10% discount. give journal entries in the books of ABC Ltd and XYZ Ltd. 2) Goods bought for Rs.400000. While transporting goods destroyed. Insurance co agreed to pay 75%. post journal entries.
Salary outstanding
What is a business transaction in accounting?
What is an interlocking accounting system?
What is actual meaning or procedure of Revenue recognistion in SAP FICO Module?? Why we use VF44 TCode in RR run ??
how many tds payable if i win 15000 only 5000 or whole amt
what is the bill of exchange
what is amortization?
Explain a time when you have not met your goal?
What is the difference between Secured Loan & Unsecured Loan?
Audit 
