what is exact entry for cash receipts and cash payments?
did sales n purchases invoices are issued to this receipts
n payments?
Answer Posted / prakash v kanade
Cash account is debited when cash is received and the
credited when paid with corresponding person's account
credited or debited respectively. This is on the
assumption that sale or purchase invoice is generated and
accounted on a previous date.
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
Expand---------BPCD
Is commodities transaction tax a permissible business expenditure? Explain
what is mean by T and E cosept
Who to create a budget on software company
We have two mandatory qualifiers nature of accounts and balancing segment, which will balance the debit and credit and recognize the nature of accounts, my question is what other qualifiers do. Like management. Thank you.
WHAT IS BANK RECONCILIATION STATEMENT? DIFFERENCE BET PUBLIC COMPANY AND PRIVATE COMPANY? MEMBERS IN PUBLIC CO AND PRIVATE COMPANY? WHAT IS DEPRECIATION?
fd redeem interest and principal entry in tally
how to maintain E-Commerce companies accounts
An applicant paid excess amount to the Government Office through a demand draft for a particular permission/license instead of actual fees. Later he went to government office and requested to return the previously submitted demand draft. Can he get back the Previously submitted demand draft(which was not adjusted into government account) duly paying he actual fee?
after payment of interest of a loan account by using credit note voucher in tally 9........don't anyone thinks that we have to adjust the cash account by passing cr entry on journal for interest payment...
i want the steps involved in the customization for the process order. my situations is if i take the process order for x qty then stores people can issue only x qty not less or not more. how to do this. pls help me
i am the student of icwai (intermidiate) What is the tds and how use the different state ..
which are the basic princeples of accountancy... with examples
How can a shopkeeper maintain the daily data in tally
Straight line method to using Indian company names