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    Accounts Receivables - Advance / Deposit Transaction and Application of Advance

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    mohamed-mof
    Advances received from customers can be applied against project or contract invoices. Non-project invoices also allow for advance application transactions where a deposit is credited against amounts owed. The document discusses scenarios where advances or deposits from customers are received and subsequently applied to invoices or amounts owed on contracts or non-project receivables.

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    Accounts Receivables - Advance / Deposit Transaction and Application of Advance

    Uploaded by

    mohamed-mof
    22 views1 page
    Advances received from customers can be applied against project or contract invoices. Non-project invoices also allow for advance application transactions where a deposit is credited against amounts owed. The document discusses scenarios where advances or deposits from customers are received and subsequently applied to invoices or amounts owed on contracts or non-project receivables.

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    Original Title

    Accounts Receivables1

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    Advances received from customers can be applied against project or contract invoices. Non-project invoices also allow for advance application transactions where a deposit is credited against amounts owed. The document discusses scenarios where advances or deposits from customers are received and subsequently applied to invoices or amounts owed on contracts or non-project receivables.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    22 views1 page

    Accounts Receivables - Advance / Deposit Transaction and Application of Advance

    Uploaded by

    mohamed-mof
    Advances received from customers can be applied against project or contract invoices. Non-project invoices also allow for advance application transactions where a deposit is credited against amounts owed. The document discusses scenarios where advances or deposits from customers are received and subsequently applied to invoices or amounts owed on contracts or non-project receivables.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 1

    Accounts Receivables – Advance / Deposit Transaction and Application of Advance

    Scenarios of Advance / deposit and Application as below

    1. When Advance Received and to be Applied against Project / Contract Invoices raised on
    Customers
    2. Non Project Receivable Invoices
    a. pplication Transaction.

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