Cash basis method
This query is : Resolved
mohit garf
(Querist)
31 July 2014
where and how to record journal entry for credit sales and credit purchase if method followed cash basis
31 July 2014
they are recorded when payment is made or recieved.
Vishnu Saboo
(Expert)
01 August 2014
in cash basis method you have to record it only when cash received/paid.
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