Save Rs 588 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

Accounting entry

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

30 July 2013 Dear Sir,
Please help me in accounting entry.

In Last year balance sheet we booked tax payable in expenses paid (in Expenses schedule), which was actually not paid.

But in current liability we mistakenly not shown the tax liability.

Now this year how can we rectify this entry.

If we book this exp. again for showing in c.liability, then exp. book will become double.

Kindly help me in this entry.
Pls.

Aarti

Rupesh Jain

Rupesh Jain (Expert)

31 July 2013 IN LAST WHAT ENTRY YOU PASS
PLS TELL

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

31 July 2013 Dear sir,
Thanks for asking this question.

We are preparing b/s. in excel format. We booked exp. for tax payable in the year. It is included in expenses schedule. But in current liability we mistakenly not shown that liability.

Now how can correct this.

Aarti

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now