Payment recived in kind of gift voucher

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Gaurav

Gaurav (Querist)
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11 March 2013 Sir,
If we receive Payment in mode of Gift Voucher
from Debtor in which account we should post.

@VaibhavJ

@VaibhavJ (Expert)
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11 March 2013 Hi,

Is it against payment? N what type of gift voucher is it?

Generally it is to be accounted as Cash Voucher (same as cash in hand).

You have to Debit this a/c instead of Cash/Bank A./c

Inventory of same is also required to be maintained.

Thanks!!