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Accounting quotations
in a 500 crore company if we account quotation bills accounted in books what are the problems will raise.or problem not at all.
Replies (4)
Quick Summary
How can you enter quotation bills ?
Is there any accounting rules then what is the problem
Srinivas Ji
Have you supplied the goods ?
Have you supplied the goods ?
Simple, Quotation are in other words not actual sale/ purchase means nothing in kind/service/good has moved from one entity to other so, it cannot be accounted for....
and in tally u can make a P. O. but it doesnt affect any accounting entries...
so, in short No rule as such for accounting of quotation....
and in tally u can make a P. O. but it doesnt affect any accounting entries...
so, in short No rule as such for accounting of quotation....
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