Interested to Buy Any Domain ? << Click Here >> for more details...
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.
- 3 Answers
- 5401 Views
- I also Faced
- E-Mail Answers
Answer Posted / 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 |
Post New Answer View All Answers
What is tally accounting?
What is the difference in accounting and marketing and what is so different about them?
could i know how to accounting lease intrest ?
Sir, Now, i am purchasing ply wood, board, and other material for my office furniture. But now the furniture is incomplete so what would be the journal entry for this exp. in book.
What qualification do you need to become an accounting professional?
Mention what are things will not be included in a bank reconciliation statement?
Hi All, Can any body Explain the End to End Flow of Product Costing in SAP with Integration Point and Journal Entries Involved in the Flow ?
what is balance sheet, capital budgeting, financial statements, current ratio, profit maximization?
What would be journal entry for--Encashed a bank draft belonging to X? Ans as given in textbook is Bank account debit to Cash account credit.......But shouldnt it be Cash account debit to Bank account credit...Wat do u guys feel??And do explain ur answers..Thnx in advance
Expand ctc cheque?
how pass journal entry in the month ending for input vat and out put vat
Can a firm claim preliminary expenses incurred(manufacturing) or only its is applicable to Companies? can a firm claim ,1/5 of such expenses incurred as deduction as in case of Companies? or any other procedure.
GRIR is the clearing account so it the balance will be zero, so how it will impact with balance sheet and why we require to reconcile that account ?
Explain what are the accounting events that are frequently involved in compound entries?
1.what is the entry of petrol of payment made by credit card of owner? 2.what is the entry of petrol of payment made by credit card of Company?
