Journal entry !!!
This query is : Resolved
Abhishek Kumar
(Querist)
20 April 2014
Dear Expert,
If a Debtor makes a Cash deposit in my ICICI A/c..What will be the Journal Entry.?
Pls Reply !!!
Thank You.
If a Debtor makes a Cash deposit in my ICICI A/c..What will be the Journal Entry.?
Pls Reply !!!
Thank You.
20 April 2014
Cash A/c Dr.....
To Debtors A/c....
Bank A/c Dr....
To Cash A/c....
To Debtors A/c....
Bank A/c Dr....
To Cash A/c....
Abhishek Kumar
(Querist)
20 April 2014
Sir, If i am maintaining in cash basis..can i pass directly such entry:-
ICICI Bank A/c Dr.
To Professional Fees A/c
is this the proper entry ??
Pls correct me.
ICICI Bank A/c Dr.
To Professional Fees A/c
is this the proper entry ??
Pls correct me.
Nikhil Kaushik
(Expert)
21 April 2014
yes it would be fine. However, just wondering why a b.com graduate from delhi university needs to ask question on cash basis accounting!
Nischit Sanghavi
(Expert)
21 April 2014
If you have received the amount against Professional service provided or to be provided then only you can treat it as a Professional fees.
One entry :
Professional Fees A/c Dr.
To Debtors A/c
Second Entry
ICICI Bank A/c Dr.
To Professional Fees A/c
One entry :
Professional Fees A/c Dr.
To Debtors A/c
Second Entry
ICICI Bank A/c Dr.
To Professional Fees A/c
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