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Answer Posted / niranjan nayak
It is both an asset and liability.When it is collected from
purchaser it is a lisbility for seller and an asset for
purchaser.
| Is This Answer Correct ? | 115 Yes | 19 No |
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i am working in a company as wholesale in saudi arabia.i am one of the new.we are supplying to some hyper market. they will issue the money as cheque and they will send the cheque amount and invoice details also.then how can i reconcile our statement with use of that cheque details
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