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for cash purchase. cash paid date entry?
suppose i purchase goods from wholesaler on 1.1.19 through cash payment, and receive goods on 3.1.19, so i make purchase entry on 3.1.19. on which date should i create cash paid entry
Replies (4)
on 1.1.2019 you should record cash entry
then cash paid entry will be 2 days earlier than purchase entry is it ok
yes correct.......
You can make entry as per
When you paid cash
Dr. Supplier A/c
Cr. Cash A/c
When you receive goods
Dr Purchase A/c
Cr Supplier A/c
When you paid cash
Dr. Supplier A/c
Cr. Cash A/c
When you receive goods
Dr Purchase A/c
Cr Supplier A/c
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