1 He should create confidence in the client mind
2 Services to be done (fulfilled in time)
3 Services to be done according the specification of the client
4 He should be placed the another order by doing the above three steps
2 :: 1. If assume we paid 50/- as an advance for worth or 100/- goods, but our supplier sent only up to 25/- worth of goods. Know my question is that we want to close the transaction now. How it possible?
First there shouldn't be assumptions in transactions. If you received 25 of worth in exchange of 50 advances you can close it for a temp. The transaction entry would be...
2. What about VAT like Tax Setups in AP and AR?
3. what about the SWEEP command in AP?
Supplier A/c Debit 25
Received Goods A/c Debit 25
Cash paid A/c Credit 50
2. See that all the services/goods delivered according to bill
3. Any query is there to attend on that ultimately can be made payment
What company owes that is liability. Liability = Asset-capital
Debit what goes out