Cst security
This query is : Open
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.?
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
25 May 2016
what will be the entry at the time of creating security deposit?
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
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.
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