Accounting entries
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 August 2013
The receipt of R300 000 form a customer in April 2013 was not allocated to the relevant general eldger account during the year .(It appears on the bank statement only) .The year end is 30 June 2013 .
What are the correct entries to process in order to bring this into our books for the 30 June 2013 financial statements?
The accounting system is still open to process entries that relates to 30 June 2013 fnancial year.
What are the correct entries to process in order to bring this into our books for the 30 June 2013 financial statements?
The accounting system is still open to process entries that relates to 30 June 2013 fnancial year.
02 August 2013
It will reflect in your bank reconciliation statement, until you will make entry in your books and also your debtors will show outstanding balance as on 30th June for the same amount.
If accounting system is open in that case you pass simple entry below:
Bank A/c Debit 300000
Sundry Debtors Credit 300000
If accounting system is open in that case you pass simple entry below:
Bank A/c Debit 300000
Sundry Debtors Credit 300000
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Tax on Deemed Capital Gain
- Scrutiny and reopening of past returns
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- ASMT-10 received from A O
- Rental income of jointly held property
- Accounting with Claude
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
