I am a non commerce graduate acting as office manager in a
construction company. I am interesting to learn accountancy
thru short cut methods and in a short duration. Can any
body there to help me. I will be pleased to receive any
sugessions and learning tips to my e-mail
how to give the jv for the following transation eg',Our
Comapny Name U2
1.cheque recd from customers of Associate Comapany (U1
Ltd):575 on U2(Our company Name).we deposited that cheque
in our bank a/c.
2.U1 debited U2 for 575/- passing 1 jv like
Due from U2(Our comapnY) dr 575
To collection from Customers cr 575.
now how can I recognise both entries and how can i
reconsile my BRS...
This Receipt is not belongs to U2