LC - Accounting Treatment

[sridhar_muthekepalli3]

Dear Friends:

In Letter of Credit, 25% is paid in cash,75% through bank by customer. For Bank Payments, I am using F-28 - In coming PAyments.

For Cash, should i select Cash Journal? If the customer wants to show the full amount in one GL Accounts, How should i proceed?

All the advise will be greatly appreciated.

Regards

msreddy

[sridhar_muthekepalli3]

thanks for the answers

[sridhar_muthekepalli3]

thanks for the answers

[sridhar_muthekepalli3]

thanks for the answers

[sridhar_muthekepalli3]

thanks for the answers

[Former Member]

Hi,

Please enter the Cash & Bank entries in Cash Journal. Please check at your end. If problem is solved , assign points. As mode of receipt is different , we need to enter differently.

Thanks

D.K.Lakshmi Narayana