Answer Posted / mr. roshan dahal

Accounts Receivable : How to handle it is the question not
the accounting part only ?
First of all every one knows its a current Assets and shoul
be on Dr. Side of Balance Sheet, TB, Cash book ,etc.
but the most important thing is how to handle it ?
1.Check whether Receivable posted is of correct amount or
not ?
2.Whether all the company policies against such receivables
is followed or not ?
such period of credit, Interest rate etc.
3.for every bill to him all the statuatory charges to be
collected from him is added or not (e.g excise , Vat ,
Service Tax)
4.on receipt of balances whether the party has deducted TDS
or not if deducted then collect the TDS certificate.
5.Make sure that Debtors shuld not face any inconvenienc
on our partas the are our customer .
if u found if there any mistakes in my answer do suggest me
@ kshankingfishersmailbox@rediffmail.com i will be highly
pleased .

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