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Advance received against supply of goods...

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(Querist)
22 January 2015 we received Advance Rs.5,75,000/- for supply of Material, how to write receipt to customer full amount one receipt or multiple, any limits for receipt amount.
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CA Anjana Grover

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CA Anjana Grover (Expert)
22 January 2015 There is no limit on receiving as there is contract for supply of Material and you can record it in single entry.

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