Tax Invoice
A duplicate tax invoice
It is important to record invoice date and record date in the same month so you can get GST back. This can help you get rich and do other wicked physical activity.
True. Under the Cash Basis for Accounting only transactions that involve the movement of cash are recorded. In Accrual Accounting (GAAP) you would record transactions once an economic event has taken place (e.g., supplier invoice received = expense, customer invoice prepared = revenue).
invoice
Tax Invoice
A duplicate tax invoice
It is important to record invoice date and record date in the same month so you can get GST back. This can help you get rich and do other wicked physical activity.
Well as far as I am concerned i think an advance invoice should be entered as accuont receivable with a liability or deferred revenue account.
True. Under the Cash Basis for Accounting only transactions that involve the movement of cash are recorded. In Accrual Accounting (GAAP) you would record transactions once an economic event has taken place (e.g., supplier invoice received = expense, customer invoice prepared = revenue).
invoice
An invoice is a record of purchase and a bill is a document demanding payment of something, so an invoice bill would logically be demanding payment from a purchase of something.
Invoice or Receipt
Debit accounts receivableCredit sales revenue
debit to Accounts Receivable and a credit to Sales Revenue.
Sales invoices are source documents that provide a record for each sale. For control purposes, sales invoices should be sequentially prenumbered to help the accounting department determine the disposition of every invoice. Sales revenuesequal the selling price of all products that are sold. In accordance with the revenue recognition principle, sales revenue is recognized when a customer receives title to the merchandise, regardless of when the money changes hands. If a customer purchases merchandise at a sales counter and takes possession of the goods immediately, the sales invoice or cash register receipt is the only source document needed to record the sale. However, if merchandise is shipped to the customer, a delivery record or shipping document is matched with the invoice to prove that the merchandise has been shipped to the customer.http://www.cliffsnotes.com/study_guide/Recording-Sales.topicArticleId-21081,articleId-21033.html
[Debit] Revenue receivable [Credit] Accrued revenue