what will be the entry for recivables at 31 st march and
if they are paid after 1 month then what is the entry
Answers were Sorted based on User's Feedback
Answer / upendra reddy.g
March 31 pass the journal vocher
Receivable A/c dr
to party a/c
After one month pass the entry
Party accounts Dr
to cash or bank Accounts
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Answer / r sumitra
it will be recorded in the B/R book.....can c/f to the next
accounting period
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