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how is the due date calculated.
invoice date + payment terms or
invoice received date + payment terms or
it depends upon the company
Answer Posted / shashikala jm
It is purely as per the payment terms mentioned in the PO.
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CLASSIFY THE FOLLOWING INTO REAL,NOMINAL AND PERSONAL- 1.unpaid salaries a/c 2.arvind mills a/c 3.arvind mills shares a/c 4.prepaid rent a/c 5.fire insurance premium a/c 6.life insurance premium a/c 7.petty cash a/c 8.loan given a/c 9.interest received a/c 10.loan received a/c
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