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?
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 |
Loan & Advances which heading calculated ?
How to prepare in yearly turnover?
Explain which accounting application you prefer most and why?
1.what is the entry of petrol of payment made by credit card of owner? 2.what is the entry of petrol of payment made by credit card of Company?
What is tds and how it is calculated?
Debit Card Come Under Which group in Tally 9?
Mr.A repaired a printer of a company and charge a bill of Rs.1200? The company paid Mr.A cheque of Rs.1080 and deduct Rs.120 in TDS after couple of day Mr.A received TDS certificate from the company. pass all the entries in the books of accounts.
What is Account receivable & Account payable ?
When Iam entering sales in Tally ERP 9, It Is not reflecting in the stock, Why itt is happends like this ? I entered sales with delivery note Number, So think that is because it is not reflecting in Stocks, and when iam checking in the stocks its saying negative stock
0 Answers Abradant International,
What is the SAP Account?
We have purchased some good from our vendor and we asked them to transport the same to some address but they have raised a debit note to us for transportation instead of invoice. Same like we have given some order to manufacture for developing that product they have charged some amount for that also they have raised the debit note. How to account these type of debit notes in tally..?
Tell me what happens to company's “cash account” if it borrows money from the bank by signing a note payable?