how long we keep invoices for recivables and there is any
neccesary to keep delivery challans
Answer Posted / karthikeyan b
YES IT IS NEEDED. RECEIVABLES IS NOTHING BUT COLLECTION
NEED TO BE REALISED BY CUSTOMERS. IT IS NECESSARY TO
MAINTAIN PROPER RECORD FOR RECEIVABLES TO TRACE OUT THE
PERSONS WHO HAVE NOT PAID. DELIVERY CHALLAN NEEDED TO BE
PRESERVED BECAUSE IT IS PREPARE FOR CONFIRMATION OF
CUSTOMERS ORDER. IT HELP FOR FINDING CORRECT ORDER NUMBER
WHAT STOCK ITEM IS QUOTED. IT HELPS FOR ORDER CANCELLATION
ALSO. IF ANY STOCK IS REJECTED BY WAY OF REJECTION, THIS
HELPS TO FIND WHICH ORDER NUMBER IS CANCELLED.
| Is This Answer Correct ? | 7 Yes | 0 No |
Post New Answer View All Answers
What is short term solvency ratio?
Define partitioning in accounting?
what are the disadvantages of back-flush accounting?
How to make privision in SAP. (Please revert on the possibility of making this happen at PO Stage)
SHADOW BALANCE SHEET
What are the differences between contrast bookkeeping and accounting
Is it possible contra entry in SAP FICO
Explain which accounting application you prefer most and why?
What is the definition of manual accounting?
How will service tax & excise be charged?
what will be the entry for inventory
what is contribution? how does it help in taking managerial decisions?
How can you define departmental accounting?
how to prepare for accontant examinations
is it related to b.com syllabus or puc syllabus