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
- 5575 Views
- I also Faced
- E-Mail Answers
Answer Posted / muhammed ansar
when we receive an invoice from the creditor it should be recorded on the invoice date itself. On the other hand in case of a cheque it is better to record it on the recieving date.
Cheque is treated as same like cash. When it comes in our hand it is supposed to be credited to the creditors account. In case of any bounce ; it can be returned .
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
why i want to join Hawkins company
what's the mean by Imprest system? Please give me Replay on this no. 9885789716
What qualities have you got that would make you a good accountant?
Tell me do you have any professional experience of this field?
WHICH QUESTIONS ASKED IN EPFO IN 2009.
rate of vat on gold purchase local & o.m.s. & rate of % in sale local & o.m.s.
Explain a time when you have not met your goal?
what is use of cost category ? which type is useful in accounting work ? give answer with solid example because iam slow learner in accounting line.
hi, this is shanthi kumar(M.Com). i would like to attend interview in genpact company.please send finance interview questions and interview details. thank u very much
Tell us what kind of work environment do you prefer?
Why did you choose the a-levels you did?
what is the new rate of c.s.t in uttraklhand
formula of reduction in tax credit of vat form 201(gujarat)
Dear sir , 1-what is diffrence local tax & vat 2 -what is sales tax. tds. service tax challan & return due date(monthly & quartly, annually) 3- what is deprecation rate in company act 4-what is income tax latest limit-
what is your opinion regarding T.V shows on youth
