clarification
This query is : Resolved
Shakeel Gondi
(Querist)
24 February 2010
in a partnership firm we have one branch- i received cash of Rs.100000 from customer towards advance in branch office.and raised sales invoice in head office, what will be the journal entries. and again i received dd for the same amount, that i will deposited to branch bank account. so here i have to refund customer amount. for this what will be the journal entry.
CMA Ramesh Krishnan
(Expert)
24 February 2010
In HO Books For receiving cash in Branch
Dr: Branch a/c
Cr: Customer A/c
In HO Books For Invoice raising
Dr: Customer A/c
Cr: Sales A/c
In Branch For receiving cash from Customer
Debit: Bank/Cash
Credit: HO a/c
In HO Books For receiving cash in Branch
Dr: Branch a/c
Cr: Customer A/c
In HO Books For Invoice raising
Dr: Customer A/c
Cr: Sales A/c
In Branch For receiving cash from Customer
Debit: Bank/Cash
Credit: HO a/c
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
- ETDS return q4 25-26
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
