journal entry
This query is : Resolved
26 March 2010
we have to firms A & Z for two borthers respectively on a same location.
By mistake purchase of A-firm was entered in Z-firm and vat return was filed.
now we have to file revised return of both the firm A & Z, instead...
Q. can we without filing revised return adjust a journal enter between the two firms, if yes plz mention wt would be the entry.
By mistake purchase of A-firm was entered in Z-firm and vat return was filed.
now we have to file revised return of both the firm A & Z, instead...
Q. can we without filing revised return adjust a journal enter between the two firms, if yes plz mention wt would be the entry.
26 March 2010
Not Possible, Each firm is a separate entity, must file the revised return in both the firms
CA Ashok Kumar Sahu
(Expert)
26 March 2010
agree with expert
CMA Ramesh Krishnan
(Expert)
26 March 2010
entry can be made with debit and credit note but the return has to be revised
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- EPF ECR NEW FILE SEP 17TH 2026
- PTRC Show Cause Notice on Email
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- Capital Gail Exemption Certificate
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Taxation of crypto futures in India Fy 2026- 2027
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- 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
