How to make receipt and payment statement
This query is : Resolved
24 July 2013
see debit side represents-
1.opening balance of cash in had and bank
2.Capital and revenue receipts.
Ex- sale of office furniture,equipments
Credit side represents
1.Bank overdraft opening balance
2.capital and revenue payments-payment for building ,loans
Record items whether they belong to current period or not subject to some adustments like as it is done in subscriptions case
1.opening balance of cash in had and bank
2.Capital and revenue receipts.
Ex- sale of office furniture,equipments
Credit side represents
1.Bank overdraft opening balance
2.capital and revenue payments-payment for building ,loans
Record items whether they belong to current period or not subject to some adustments like as it is done in subscriptions case
25 July 2013
receipt and payments account is nothing but a cash book..
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