Accounting treatment
This query is : Resolved
monu sharma
(Querist)
06 May 2017
Dear Sir/ Mam
my query is that if i received any item not purchased but against securities. How is shown these items in books of accounts.
And if i given same item to customer against securities then what will be accounting treatment?
Thanks
my query is that if i received any item not purchased but against securities. How is shown these items in books of accounts.
And if i given same item to customer against securities then what will be accounting treatment?
Thanks
Amol S Joglekar
(Expert)
07 May 2017
no need to pass any entry for the items received as security.
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