The accounting is apportioned across the period of the advance charge.
Hi All,
We have a new requirement from the business which is as below
When invoicing in advance, say quarterly, the accounting is apportioned across the period of the advance charge ie if we invoice for Rent in Advance at the beginning of December for the period 25th December 2009 to 24th March 2010 inclusive, the apportionment to the accounts should be:
7 days in December;
31 days in January;
28 days in February and
24 days in March.
If any one of you have come accross such type of requirment, your inputs given/provided would be much appreciated.
Thanks and Regards
Sri
Hi all
Can any one let me know how can I go ahead with this requirement
Thnks and Rgds
Sri
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