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What is the accounting entries for future dated payment method
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Answer Posted / durgesh kumar
There is no accouting entry passed for future dated payment
menthod. We will pass a Purchase a/c Dr
To Vendor a/c.
and once the entry is seen in any ERP we have a option to
go and change the payment method. But we do not pass any
accounting entry. And Payment method is always editable
field till the Invoice is closed
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