How will u handle accounts receivable?
Answer Posted / c. nagaraju
First we need to pass an entry in the books. If it is in
cash, it has to be entered in the cash book. Suppose if it
is through cheque the JE has to be passed and has to
deposited into bank, then pass the entry in bank book,
then draw it and transfer it to cash book. both the contra
entries has to be passed in BANK & CASH book.
Is This Answer Correct ? | 4 Yes | 5 No |
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