how long we keep invoices for recivables and there is any
neccesary to keep delivery challans
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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.
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