Accountancy, asked by vennelaboddeti6203, 1 year ago

A transaction is recorded in the book when it is entered into at not when the settlement take place give reason

Answers

Answered by RohitSaketi

When we get reasonable assurance that there will not be any possible material discrepancies and amendments in the near future regarding the transactions,it can be recorded in the books when it is entered into, one need not wait till the actual settlement takes plqce

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