Forgot to book expenditures last year

This query is : Resolved

Ashish Khandelwal (Querist)
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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.

CA Himanshu Sharma

CA Himanshu Sharma (Expert)
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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

Ashish Khandelwal

Ashish Khandelwal (Querist)
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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

CA Himanshu Sharma

CA Himanshu Sharma (Expert)
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25 November 2013 Dear ashish

It means your vendor account shows debit balance.
you can write off the debit balance in current year.

Message likes : 1 times

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