Contingent assets
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 September 2011
Sir
Regarding contingent assets when we received this amount in the bank which entry we have to pass for recording
Regarding contingent assets when we received this amount in the bank which entry we have to pass for recording
Dintakurthi Tirumala
(Expert)
19 September 2011
Debit to Bank account and credit for which related it received. For example you won on your debtor then entry will be
Bank a/c Dr
To Debtor a/c
OM SAI SRI SAI JAI JAI SAI
Bank a/c Dr
To Debtor a/c
OM SAI SRI SAI JAI JAI SAI
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