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1. If i receive one invoice from our contractor on 01.08.10
, but the invoice date 30.07.10. My question is in what date
i should take into account this transcation (i.e 30.07. Or
01.08.10)
2. If i receive a cheque from our customer on 30.08.10 but
its not possible to deposit in the same date, because of
closing of bank hours, it is possible only to deposit the
cheque on next day only. In this case which date i should
taken for account the transcation.
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Answer / malli
if u receive invoice from u'r costumer u have to enter that
date only. whenever u deposit in bank that cheque thy will
enter when u'r cheque clear..the total different clear in
Bank BRS.
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / k.ganesh
For Bill Received from Your Customer your supposed post it
on the Bill date itself.
And for Cheque Received from your Customer, if you post as
per the date in the instrument in your books and deposit it
on the next day it will be shown in the difference of BRS at
the end of month under the head of Cheque deposited but not
Cleared. It's Better to Post the Depositing Date as Cheque
date to avoid these type of confusions.
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / muhammed ansar
when we receive an invoice from the creditor it should be recorded on the invoice date itself. On the other hand in case of a cheque it is better to record it on the recieving date.
Cheque is treated as same like cash. When it comes in our hand it is supposed to be credited to the creditors account. In case of any bounce ; it can be returned .
| Is This Answer Correct ? | 0 Yes | 0 No |
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