Please give me some info regarding how the accounts of a Transport organisatio is maintained. Which account is to be debited when consideration is received?
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Transport organisation
Replies (2)
When consideration is received in cash
Dr. Cash account and Cr. Party account
When consideration is received by cheque or DD...
Bank A/c Dr to Party A/c
:)
identify the heads that will come in ur p& l or balance sheet...
and make accounts accordingly... :)
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