Dear sir
In retail trading normally we have to provide security cheque to suppliers. Making the entry in suppliers ledger does not reflect the actual outstanding. Plz suggest how to make entry in books.
Dear sir
In retail trading normally we have to provide security cheque to suppliers. Making the entry in suppliers ledger does not reflect the actual outstanding. Plz suggest how to make entry in books.
Dr. Supplier
Cr. Bank
Or in the bank leger debit supplier
In the supplier ledger credit bank
Dear Sir.
What if the cheque is open dated?? The same entry should be passed or else.
Yes. Thats a brs issue
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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