Confusion in topic of a/c current

A/c entries 354 views 1 replies

what is taken as due date in account current "date of transaction or date of invoice'

1. when no credit is allowed.

and 

2. when (e.g. 1 month) credit is allowed.

Replies (1)
In the 1st case the transaction and the invoice date will be the same, In the 2nd case whichever is earlier


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