Forgot to book expenditures last year
This query is : Resolved
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.
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
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
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
- CG Tax On residential property
- Applicable TDS for Purchase of Flat from NRI
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Gift of mutual fund units to daughter
- Under construction property in ITR
- PPF interest-As Exempt Income disclosure
- Reporting of STCG on Property in ITR
- Upload Level ValidationITR3Category of Defect B/D
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Building tax payment deduction in rental Income
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
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
