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Outstation cheques and bills for collection Synopsis

Outstation cheques and bills for collection Synopsis - and...

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Outstation cheques and bills for collection Synopsis: 1. Lodging of bills / cheques received for collection from the customers with full details in the system duly allocating a bill number. 2. Creation and maintenance of outward bills register. 3. Preparation of schedule for sending the bill to the collecting branch / bank. 4. Contra voucher for the cheques and bills sent for collection on daily basis
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Unformatted text preview: and linking the transaction to the day book and to the General Ledger. 5. Realisation of the cheques and bills sent for collection. 6. Charges for bills / cheques and for instruments returned unpaid. 7. Payment of interest for delayed collection. 8. Conversion of a bill / Cheque for collection to purchase. 9. Monthly jottings of the outstanding bills and balancing with GL....
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