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In which journal is the receipt of a promissory note from a customer on account recorded?
The General Journal.
Is provisional receipt equals official receipt?
No it is not. 1.) A Provisional receipt by definition is subject to certain provisions as may be laid out by the issuer of the receipt. 2.) in general business practice a provisional receipt is usually issued as an acknowledgement of receipt of money or material by someone who is either not authorised to issue a final confirmed official receipt or could not carry out sufficient due diligence in receiving the money/goods and hence issues a provisional receipt till such time as a final confirmed receipt is issued. While for most practical purposes a provisional receipt may suffice, it is always prudent to ensure the final confirmed receipt as early as possible.
Distinguish between planned receipt and scheduled receipt?
Planned receipt is the receipt against a planned order yet to be released.Scheduled receipt is the receipt against a released order.Say the lead time for receipt of material X is 4 weeks from the date of order release and we are in week 10.If an order was released in week 8, its scheduled receiptwill be in week 12.Basis the consumption, current stocks, scheduled receipts and lead time, if a planner plans a order to be released in week 11, its delivery will be in week 15.This receipt in week 15 is the planned receipt (the order is planned but not released)
Is cash receipt equals to officials receipt?
it is your father that is the receipt
Source documents in accounting?
source documents are those documents in which all kinds of business transactions are recorded.these include invoice,sales order,purchase order,debit note,credit note,goods received note,goods despatched note,quotation,statement,remittance advice and receipt.
Can we make GRN without receiving material?
We can Not make GRN without material received because GRN meaning is Goods Receipt Note and after makeing GRN it added in inventory
What is the full form of GRN?
Goods Receipt Note
What is railway receipt?
railway receipt was ginen railway authority. after payment he has given,so that we have deliveried the material
How do you write a receipt letter?
A receipt letter is a type of business letter that acknowledges receipt of something. You put the subject at the top of the letter with the date and include your company information below the date. The information of the person who sent the material goes under your company information. You include a salutation, the body that acknowledges receipt of material bullet list of material, the ending of the letter is your signature and date.
What is a packing note?
Packing slip indicates contents-basically a receipt.
How do write a thank you note for a bad gift?
You don't. You ask for the receipt.
How do you make delivery note in tally?
Delivery note features not availabe for default in tally :Enable the deliver note features in tally :press F11 company features -- select inventory features -- set yesuse tracking numbers (deliver note and receipt note) [yes]Ctrl +A for savefunction key :Alt+F8 for Delivery noteAlt+F9 for Receipt note
In which journal is the receipt of a promissory note from a customer on account recorded?
The General Journal.
What is a credit note used for?
it is to correct errors in a previously issued sales invoice or receipt.
Can rent receipt also come under saving?
you need rent receipt to prove that you are paying rent. this will then become an excempt from your taxable income. note there is a limit that you will have. its called HRA
Is provisional receipt equals official receipt?
No it is not. 1.) A Provisional receipt by definition is subject to certain provisions as may be laid out by the issuer of the receipt. 2.) in general business practice a provisional receipt is usually issued as an acknowledgement of receipt of money or material by someone who is either not authorised to issue a final confirmed official receipt or could not carry out sufficient due diligence in receiving the money/goods and hence issues a provisional receipt till such time as a final confirmed receipt is issued. While for most practical purposes a provisional receipt may suffice, it is always prudent to ensure the final confirmed receipt as early as possible.
Distinguish between planned receipt and scheduled receipt?
Planned receipt is the receipt against a planned order yet to be released.Scheduled receipt is the receipt against a released order.Say the lead time for receipt of material X is 4 weeks from the date of order release and we are in week 10.If an order was released in week 8, its scheduled receiptwill be in week 12.Basis the consumption, current stocks, scheduled receipts and lead time, if a planner plans a order to be released in week 11, its delivery will be in week 15.This receipt in week 15 is the planned receipt (the order is planned but not released)
