Receipt of payment
Harshit Acharya (404 Points)
22 May 20201. Date when payment is entered in the books of accounts
2. Amount is credited in the books of accounts.
In this case , If I were to receive 500000/- as a supplier and received 250000/- as advance.
Then , I have passed an entry in my books of accounts .
Will this entry be considered same as "DATE WHEN PAYMENT IS ENTERED IN THE BOOKS OF ACCOUNTS".
OR
is it only when entire money is received and entry is passed in the books of accounts.