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Cash receipts for sales made

Others 513 views 4 replies
Sir I want to know for the accounting year 2017 _2018 , if i sold goods
to xyz on credit for rs 50000 whether i can make receipt say 19000, 19500,11500 the party is not making neft what to do sir
Replies (4)

Actually the payment will be disallowed as expenditure to the purchaser.

if we make receipt below 10000

Event remains same. As I said, you, on receiver end, will not face much problem as total amount is about 50K.

Thank u sir


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