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1. If i receive one invoice from our contractor on 01.08.10
, but the invoice date 30.07.10. My question is in what date
i should take into account this transcation (i.e 30.07. Or
01.08.10)
2. If i receive a cheque from our customer on 30.08.10 but
its not possible to deposit in the same date, because of
closing of bank hours, it is possible only to deposit the
cheque on next day only. In this case which date i should
taken for account the transcation.
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Answer Posted / k.ganesh
For Bill Received from Your Customer your supposed post it
on the Bill date itself.
And for Cheque Received from your Customer, if you post as
per the date in the instrument in your books and deposit it
on the next day it will be shown in the difference of BRS at
the end of month under the head of Cheque deposited but not
Cleared. It's Better to Post the Depositing Date as Cheque
date to avoid these type of confusions.
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