Which Entries comes in Receipts & which entries in
Payments,any payment & Income is received through cheque
that entries will appear in it or we have to pass it in journal.
Answers were Sorted based on User's Feedback
Answer / suhas1984
income related enteries comes in receipts and payment
related enteries comes in payment side, talking about the
journal entries if you are maintaining billwise detials it
is necessary to passed a journal entry for a particular
ledger to match.
Is This Answer Correct ? | 6 Yes | 0 No |
Answer / sreedevi
receipts through cash or bank and even for payments also
pertaining to cash or bank comes in receipts and payments
and for these receipts and payments journal entries are not
passed
Is This Answer Correct ? | 5 Yes | 2 No |
Answer / ravikumar
We are getting commission ,instead paying the commission.So
the Commission will be credited and the Bank A/C will be
debited
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / priya
we have received any amount from parties it will come in
receipt side ,any payment we made it will come in payment
side. Journal is the transcation of new datas.
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / narasimha rao
ERECEIPTS ENTRIES ARE COMES UNDER RECEIPTS.T RENT IS
RECEIVED THROUGH CHEQUE WHEN ENTRY IS
BANK A/C DR
TO RENT A/C
PAYMENTS ENTRIES ARE COMES UNDER PAYMENT COMMISSION PAID
THROUGH CHEQUE WHEN ENTRY IS
COMMISSION A/C DR
TO BANK A/C
Is This Answer Correct ? | 0 Yes | 1 No |
How can i get GR form (GR No.) for Exports ? please give me a link of website with steps ?
i want report country wise with invoice number for gl account
An accountant used the horizontal layout to create a balance sheet. The capital of the owner was shown next to the liabilities, the confused owner argues, "My capital is my major asset and should be shown as an asset on the statement of financial position. how to begin explaining the misunderstanding to him????
How can i prepare MIS report for Finance?
please explain the uses of internate protocol address(ip add)?
What is the TDS ratio & TDS chart plz provide me TDS amt & percentage & Ration my id - hansika.kk@gmail.com
3 Answers Sasken, Shriram, Shriram Finance,
Dear sir,i have completed M.sc,MBA.STILL I AM NOT GETTING WELL POSITION .I THINK ON LOW BUGET ON COURSE TO IMPROVE MY POSITION IN FINANCE FIELD.
what is capital expenditure
What is Bank Reconcilation Statement?
13 Answers First Midwest Bank, IBM,
What is the important of cash in a business unit
EXPAND______________PGDIBO
Accounting Standards in India are issued by whom