Forgot to book expenditures last year
This query is : Resolved
Ashish Khandelwal
(Querist)
21 November 2013
HELLO SIRS,
ONE OF OUR CLINT HAVE PAID SOME CUSTOM CLEARING CHARGES BY CHEQUE LAST YEAR, BUT FORGET TO PASS THE JOURNAL ENTRY FOR EXPENSES.
AS A CONSEQUENCE, THE ACCOUNT OF CUSTOM AGENT IS SHOWING A CREDIT BALANCE. PLZ SUGGEST THAT HOW TO BRING CORRECT BALANCE TO HIS ACCOUNT.
ONE OF OUR CLINT HAVE PAID SOME CUSTOM CLEARING CHARGES BY CHEQUE LAST YEAR, BUT FORGET TO PASS THE JOURNAL ENTRY FOR EXPENSES.
AS A CONSEQUENCE, THE ACCOUNT OF CUSTOM AGENT IS SHOWING A CREDIT BALANCE. PLZ SUGGEST THAT HOW TO BRING CORRECT BALANCE TO HIS ACCOUNT.
CA Himanshu Sharma
(Expert)
23 November 2013
Dear Ashish
Firstly please tel us know if you paid charges through cheque then is it not reflected in your Bank recon (if entry not passed) if entry is passed then how ur vendor account is showing Credit balance till date.....
Please provide us the entries which you have passed in your books.
Regards
Firstly please tel us know if you paid charges through cheque then is it not reflected in your Bank recon (if entry not passed) if entry is passed then how ur vendor account is showing Credit balance till date.....
Please provide us the entries which you have passed in your books.
Regards
Ashish Khandelwal
(Querist)
25 November 2013
DEAR SIR
JOURNAL ENTRY PASSED BY ACCOUNTANT
PARTY DR
TO BANK
JOURNAL ENTRY NOT PASSED FOR BY HIM
EXP DR
TO PARTY
JOURNAL ENTRY PASSED BY ACCOUNTANT
PARTY DR
TO BANK
JOURNAL ENTRY NOT PASSED FOR BY HIM
EXP DR
TO PARTY
CA Himanshu Sharma
(Expert)
25 November 2013
Dear ashish
It means your vendor account shows debit balance.
you can write off the debit balance in current year.
It means your vendor account shows debit balance.
you can write off the debit balance in current year.
Message likes :
1 times
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
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- MSME disclosure and disallowance
- Taxation of crypto futures in India Fy 2026- 2027
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- EPF ECR NEW RULES Sep 17th 2026
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- 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
- Goods sold but invoice not issued
- 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
