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28 April 2014 dear sir,

we make a purchase order for materail but the materail is theft by someone at transport we have received bill & credit his account, get cenvat credit. now we have received cheque from transport departnt.

how can i make entry in account.

28 April 2014 you have to reverse cenvat credit you availed.
cheque entry
Bank A/c dr
To loss from goods stolen

if you have booked loss on theft.




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