accounting entry for DD
This query is : Resolved
15 June 2010
hi...
I have to make duty payment through DD. i prepare the DD on 12-06-2010 but make the duty payment on the 15-06-2010. What is the accounting entry for the same?
I account for the duty payment on the 12th as the amount goes from my account on that day or the 15th?
I have to make duty payment through DD. i prepare the DD on 12-06-2010 but make the duty payment on the 15-06-2010. What is the accounting entry for the same?
I account for the duty payment on the 12th as the amount goes from my account on that day or the 15th?
CMA Ramesh Krishnan
(Expert)
15 June 2010
Actual book entry need to be made on 12th itself. for payment of duty we need to check the duty payment challan date only
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