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Answer Posted / raghuvstar@gmail.com
Like FD only,
But its difference from FD,
Sweep a/c whenever Main account balance will low automatically amount will transfer from sweep to Main Bank Account.
We can earn interest from sweep also in day terms.
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A COMPANY IS SERVICE PROVIDE TO B CO. 100,000 AND CHARGED STAX 10000 TOTAL BILL RAISED 110000 AND RECIEVED 30% FROM B IN DECEMBER AND 40% RECIEVED IN 10JAN2011, BALANCE 40% RECD IN 10 FEB2011 WHAT WILL BE GENERATED ACCORDING ACCOUNTING PRENCIPLE OF BOTH SIDE (MEAN A &B) WITH REVANUE& PROVISION PLEASE TELL ME
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