asset-check-customer

[Former Member]

Experts:-

1.what is the asset buying process.?

2.payment receving from customers process.

3. what is the cheque deposite process?

[Former Member]

Hi

Asset can purchase in different ways.

1) Purchase of asset with vendor

Asset a/c dr.

To Vendor a/c

2) Purchase of asset without vendor

Asset a/c dr.

To Offsetting a/c

3) Purchase of asset thru PO

Asset a/c dr.

To GRIR a/c

GRIR

To Vendor a/c

Payment receiving from customer :

Bank a/c dr.

To Customer a/c

Check deposit process :

when deposit the cheque into bank

Check Deposit a/c dr.

To Customer a/c

After clear the cheque

Bank a/c dr.

To Check Deposit a/c

[Former Member]

Hi,

Asset is bought using the transaction F-90.

Payment is received from the customer using f-28 transaction