Accounting quotations

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in a 500 crore company if we account quotation bills accounted in books what are the problems will raise.or problem not at all.
Replies (4)
How can you enter quotation bills ?
Is there any accounting rules then what is the problem
Srinivas Ji

Have you supplied the goods ?
Simple, Quotation are in other words not actual sale/ purchase means nothing in kind/service/good has moved from one entity to other so, it cannot be accounted for....
and in tally u can make a P. O. but it doesnt affect any accounting entries...
so, in short No rule as such for accounting of quotation....


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