Wednesday, 20 August 2025

P2P with Retention and Retetnion Release

 https://aporaclepayables.blogspot.com/2025/08/p2p-with-retention-and-retetnion-release.html



Record of advance without any Cash Outflow and recovery for the same

 https://aporaclepayables.blogspot.com/2025/08/we-are-main-contractor-and-have-engaged.html

We are the main contractor and have engaged a subcontractor to work for our client. Normally, we would pay an advance to the subcontractor. But in this case, the client has directly paid the advance to the subcontractor on our behalf. From our accounting perspective as the main contractor, how should we record this transaction





Thursday, 15 May 2025

How Petty Cash workround works in AP

 https://aporaclepayables.blogspot.com/2025/05/how-petty-cash-workround-works-in-ap.html