Cst security
This query is : Open
swati jain
(Querist)
25 May 2016
Dear Experts,
I want to ask that if a party has not given us the C Form and we want to keep an amount as security deposit from them,
then what will be its journal entry and further entries if CForm is received or not received.?
I want to ask that if a party has not given us the C Form and we want to keep an amount as security deposit from them,
then what will be its journal entry and further entries if CForm is received or not received.?
Rupesh Jain
(Expert)
25 May 2016
if c form not received
CSt payable on AY a/c
to customer /security against C form.
if recd
Customer/Security for c form
to Bank a/c
CSt payable on AY a/c
to customer /security against C form.
if recd
Customer/Security for c form
to Bank a/c
swati jain
(Querist)
25 May 2016
what will be the entry at the time of creating security deposit?
Rupesh Jain
(Expert)
25 May 2016
Bank a/c
or
debtors a/.c
to
Security against C form receivable/ security for c form receivable a/c
or
debtors a/.c
to
Security against C form receivable/ security for c form receivable a/c
swati jain
(Querist)
25 May 2016
But then after this entry when C form is not recd, how come again security account is credited on payment of CST.
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
- Reward for festival
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Appointment of Auditor By Form ADT-1
- TDS Return Statement Status
- Rent agreement of House of deceased person
- Capital gain on commercial property and investment in residential property
- Rectification under processing even after 6 months cpc portal
- Closer of business and itc of capital goods
- ARCA LOGIN
- 18% Rent a cab
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
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
