Is the the invoice number and voucher no will be same most
of the time or it should be same?
Answer / tej prakash sati
No, It can't be same and not compulsory because Voucher
nos. increases day by day for all the transactions made for
an organization i.e. sale/purchase/payments/withdrawls etc.
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define current assets? asked on 30/7/09
Lets suppose X sold goods to Y on credit basis and after the due date is over Y could not make the payment due to Y became insolvent, so In X books he will show the uncollectible as Bad debts expense but in Y account under which account Y will show this while journalizing this transaction in his books of accounts?
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