What is on-account receipt account , un-applied receipt
Account, and un-identified receipt account in ar ?
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Answer Posted / aru
On A/C is -Where the amount recived is more than the
invocie amount and the excess is lying with business.
Un applied is- where the cash is not applied to a related
invoice yet.
Un identidied is - where the money is received but the
Invoice to which its related is not yet identified.
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