Contra entries in different dates
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 September 2013
Dear Experts,
Can Contra entries could be accounted in tow different dates dates??
For example while doing Internal Audit I came across situations where in Tally Contra entry has posted 13-Sep-13, as per the bank stm credit has came 14-Sep-13, and some cases two days later.
is there any requirement to mention this point in my my Internal Audit on cash operations.
Regards
Can Contra entries could be accounted in tow different dates dates??
For example while doing Internal Audit I came across situations where in Tally Contra entry has posted 13-Sep-13, as per the bank stm credit has came 14-Sep-13, and some cases two days later.
is there any requirement to mention this point in my my Internal Audit on cash operations.
Regards
Nikhil Kaushik
(Expert)
17 September 2013
It is possible that bank may have given the credit for the transaction a day or two later.
Not something you should be worried about.
Not something you should be worried about.
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
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Working on Gold wastage during Melting of old gold jewellery
- Section 269ST applicability for capital introduced by partner to his partnership firm
- ETDS return q4 25-26
- Capital Gains Tax on Inherited Mutual Fund
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- 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?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
