What is autosweep facility
This query is : Resolved
Neelesh Kumar Pandey
(Querist)
28 July 2014
Dear sir,
please tell me what is autosweep facility.and what accounting entry will be pass for autosweep in tally?
please tell me what is autosweep facility.and what accounting entry will be pass for autosweep in tally?
Ganeshbabu K
(Expert)
29 July 2014
some companies will give standard instruction to banks for transfer of balance in current account to fixed deposit once it reaches limit prescribed
.
.
Say some companies transfers from CA to FD account once balance reaches 5 crores,, if u have any payments it will automatically liquidate
.
.
ask client to provide details
.
.
Say some companies transfers from CA to FD account once balance reaches 5 crores,, if u have any payments it will automatically liquidate
.
.
ask client to provide details
Neelesh Kumar Pandey
(Querist)
29 July 2014
what is the journal entry for this?
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