It is a system in which accounting entries are made on the basis of amount having become due for payment or receipt. This system recognizes the fact that if a transaction or an event occurred, its consequences cannot be avoided and therefore, should be brought into book in order to present a meaningful picture of profit earned or loss suffered.
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We did promotion activity for X co that co is our client
( S Dr) which we sold tickets through our vendor through
out north india ... But those vendors adjusted cash with
thir bill and remaining balance we received ,, Ticket
amount we paid from our co Bank A/c to our client
(S Dr) .the amount is too huge so how can i sort out this
in books of acconts ..............
Why in a cash book receipts are debited while the same if
received in our books recepits are credited.
Why does cash book have a rule to debit receipts and credit
For example if am paying the cash that i owe the company or
firm i debit in my books(cash) on the debit side and should
credit in the cash book but i cant do that cash book take
receipts on the debit side as per the general . please clarify
many thanx in advance
what is operational risk and market risk in basel 2 norms.
is advance against FD or RD is treated as NPA .if EMI is not in scheduled . or classification of npa as per day is is made from sanction date or last payment date of repayment . please suggest me
where we have file E-returns in SAP FICO-CIN/Wtax?
What are motive behind mergers And acquisitions?
please give me a last 10 years sbi clerk question and answer
All shot cut key use in the tally software & it's uses
what is mean by T and E cosept
what is Rectification of Errors ?
What is functional area,trading partner in sap fico