How will u handle accounts receivable?

Answer Posted / mr. roshan dahal

Accounts Receivable : How to handle it is the question not
the accounting part only ?
First of all every one knows its a current Assets and shoul
be on Dr. Side of Balance Sheet, TB, Cash book ,etc.
but the most important thing is how to handle it ?
1.Check whether Receivable posted is of correct amount or
not ?
2.Whether all the company policies against such receivables
is followed or not ?
such period of credit, Interest rate etc.
3.for every bill to him all the statuatory charges to be
collected from him is added or not (e.g excise , Vat ,
Service Tax)
4.on receipt of balances whether the party has deducted TDS
or not if deducted then collect the TDS certificate.
5.Make sure that Debtors shuld not face any inconvenienc
on our partas the are our customer .
if u found if there any mistakes in my answer do suggest me
@ kshankingfishersmailbox@rediffmail.com i will be highly
pleased .

Is This Answer Correct ?    24 Yes 4 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Whether Advance against property to be included in Loans & Advances while referring to section 185 & 186 of Companies Act, 2013?

1518


I WANT TO DO MY ARTICLE-SHIP FROM DELLOITS KOLKATA..PLEASE HELP??

1695


vat on liquor vat on food ? vat on bevrages ? vat on tobaco? vat on gold?

1764


What is the difference between internal audit and statutory audit?

663


Do you know the different types of audits?

619






What are the objectives of internal audit?

738


What is audit trail in siebel?

728


How can i disable closing stock in trial balnce in tally?

2237


How to do an internal audit effectively?

687


what is audit & activities of auditor?

2070


What are the different types of audits?

589


What is statutory audit?

672


promotions of a new apointed auditor in cgda.

1950


Explain intangible assets?

758


Why do you want to work in audit?

778