Answer Posted / krishna
Special GL transactions are those transactions other than
the regular transactions in AR and AP. For Ex: Down Payments
( Made r Received)
These transactions will be identified through a special
indicater. For Ex. For Down Payment request F
Down Payment A
Bills of Exchange W
Mainly we use this Special Gl s for identifying easily and
for clear information vail preparing B/S Becoz advances
paid will be considered as Asset Currents in B/S .in the
same manner advances Received.
| Is This Answer Correct ? | 81 Yes | 5 No |
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