Dear experts,
Please help me to know whether we can collect cash from customer against one invoice amounted to Rs 202000/- b2c. We have credit notes of Rs 20000/- against this sale invoice.
pls also help me to know any specific rule for b2c, b2b , intra and inter state
thanks in advance
Regards
Rajesh
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Hi all,
Need a clarification from experts,
ABC company had received goods on 31st march (says 20% to 30% of the total ordered goods ), but bill is not received till the year end. Here we know who is the vendor only but value or quantity of goods received is not clear as on 31 st march . how to account for the same in the books ( whether we had paid advance or not) for the year and whether we should consider the goods for year end stock audit (if so under what head to consider the said goods).
pls clarify
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Can we collect cash for one sale invoice more than 2lakh?