Answer Posted / m.yousaf

You should treat the recievables A/c as Sale Ledger Control
A/c i.e as a Debtors A/C. N Payables as Creditors A/C or
just like Purchase Ledger Control A/C.

Example:
Bank/Cash Dr
Recievable A/C Cr
(as debtors are reduced when you recieve the payment)
Payables Dr
Bank/Cash Cr

I have been interview in next week my posting is accounts officer i have be manage with AP,AR,BRS and GL what Books i have read.

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cany anyone explaing what are the functions of an Account Officer/Manager?

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What is the base for issuing of C-form date of sale or date of purchase since goods sent by one quarter ended may reach in next quarter.

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Queries for Big4 Articleship : Whether son of CA in practice effects chances.

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what is automatic payment in sap fico

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If i want to establish a company in which i want to manifacture and sell the Wine. So how many permissions i have to taken and who will issue those?

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What is the journal entry for Call and a Put option both in the books of buyer and seller

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I have an S Corporation called Trend Foods Inc. I would like to make a division of that company that services computers and call that Trend Computer Service. I do not want to set up another Corporation for Trend Computer Service. Can I just make a division of Trend Foods and what paperwork do I need to fill out to make that happen? Thanks for the help, Jim

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how to prepare HSD statements in tally

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Short Answer on __________Leverage

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What is fixed liabilities

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Expand-----RTD

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How does the ration analysis help in depicting profit and loss

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HOW MUCH LATEST ACCOUNTING STANDARDS , TDS RATE , INCOME TAX RATE, EXCISE , VAT , SERVICE TAX & FBT RATES? (PLS. ARRANGE TO SEND THE RATES FOR ABOVE IN CATAGORY & LIMIT WISE)

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