Interested to Buy Any Domain ? << Click Here >> for more details...
iam working in small industry there some bills are not
having even the shop name and contact.no. whether i should
consider that expenses or not if yes, whether that bill
attach with the voucher?
- 2 Answers
- 4805 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / rajammal
Sir/madam, I'm Rajammal. In my point of view, Bills which
are not having the details about the party. It is not
considered as a Bill. Because, there is no evidence for the
transaction for whom the transaction is made or received -
"we must only record the transaction according to the
documents". If there is no proper bill, how? we accept that
as a bill or any expenses things. Just ignore the bill from
the books of accounts and don't allow this type of mistakes
in future. If U attach that bill with the Vocuher means who
takes the response for that unknown bill.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / ram
Hi as per my knowledge bills which are small in amount can
be accepted and which are of large amount should not be
accepted as it will be an audit issue. The bills should be
rejected and the vendor should be informed to submit the
bill as required by the audit department. Until and unless
the vendor submits the bill in the desired format the bill
should not be accepted.
| Is This Answer Correct ? | 0 Yes | 1 No |
What is Contigent Libilites
Why do you prepare a Trial Balance?
how can i improve my accounting. i want to know make balance sheet so how can i do ?
how to account salary advanced from petty cash
You are a senior level manager in a large company: • List and explain the types of accounting information that are important to you and your staff when making decisions. • Explain how your managerial accountant uses technology to develop and communicate this information throughout your large company.
if iam paid to insurence jan to jan but, financial year march to march
What are the features of financial accounting?
WHAT IS B.R.S. ???
How to make a entry in tally for Land & Building Purchased for RS.1,65,00,000/-(Total Consideration)Paid Installment wise as 30 lakh,10 lakh,20 lakh & 1,30,87,500
Tell me what is “deposit in transit”?
we have paid diwali bonus by chq.. pls let me know how to enter the same in tally and in under which head..Explain pls
We purchase goods worth rs. 25000 from shyam co. in credit. We paid him 20000 and rest we refuse to pay. What is the journal entry for it. This is not discount received.
Audit 
