Invoice is used for demanding of Payement.
1. Material Receipt Receiving Accural Dr AP Accural Cr 2. On completion on inspection and accepting of goods Inventory Dr Receiving Accural Cr The Above given 2 entries are in PO module 3. On entering Invoice in AP AP Accural Dr Accounts Payable Cr 4. On Making payment Accounts Payable Dr Cash/Bank Cr
yes
deffered revenue expenditure
P&L A/C......Dr To Deffered revenue Expendature A/C
Invoice is used for demanding of Payement.
no such limit
1. Material Receipt Receiving Accural Dr AP Accural Cr 2. On completion on inspection and accepting of goods Inventory Dr Receiving Accural Cr The Above given 2 entries are in PO module 3. On entering Invoice in AP AP Accural Dr Accounts Payable Cr 4. On Making payment Accounts Payable Dr Cash/Bank Cr
It is deffered cost
yes
IRS
dream that is put off or unrealized
These programs vary by county. Its impossible to say
The word "deferred" is pronounced as duh-furd.
Jail? No. But the car can be repossessed and major fines can be instated for non payement.
When you have earned income but will get paid in the future rather than upon earning it.
yes it is a part of deffered revenue exp