Receipt journal Entry

[akrao]

Hi Firends I have doubt in AR Recipt.


while applying a Receipt against a transaction.

the journal entry is

Cash A/C Dr
Unapplied Receipt Dr

To Receivable A/c Cr
To Un applied Receipt A/c Cr

if i am applying exact amount of transaction eventhough it is showing Unapplied Receipt in Dr and Cr why?

If you want to restrict these(Un applied Receipt Dr and Cr) two can we?


Thanks &regards
AKRAO

[SIVAKUMAR_G]

First of all write the accounting entries in proper sequence. Your Entries are confusing.

You Cannot skip the Unapplied Receipts Transaction as it is mandatory and coming from the Bank attached to Payment method

Regards
Sivakumar