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Icici Bank - Vendor 1 Standard Invoice 1: DR. CR
Icici Bank - Vendor 1 Standard Invoice 1: DR. CR
A/c Payment 1 AP Liability To Cash/Bank Friend / Dealer - VENDOR 2 Standard Invoice 2 Misc Clearing A/c To AP Liability Payment 2 AP Liability To Cash/Bank
DR.
CR.
<----200000 200000
<----50000 50000
<----150000 150000
<----50000 50000
<----50000 50000
When FD gets Matured then create a Credit Memo Create a Standard Invoice for Vendor 1
>>>>>
Take a Refund into the required Bank A/c against the Credit Memo Create a Credit Memo for Vendor 1
>>>>>
Liability will remain erected till the Payment is done Whenever funds are available Pay to Friend / Dealer
ICICI BANK - VENDOR 1 CREDIT MEMO 2 AP Liability To FD A/c Refund 1 Cash/Bank To AP Liability 200000 200000 200000 200000