Journal entry for purcahse and payment
This query is : Resolved
03 August 2024
i want to know abt i had purcashe goods from A and this payment is recoverable from govt how journal entry pass in this situation
Gokul Sharma
(Expert)
03 August 2024
PURCHASE A/C .....................DR
TO VENDOR
GOVT A/C ...........DR ( RECEIVABLE AMT)
TO INCOME
BANK A/C ..........DR AMT RECED FROM GOVT
TO GOVT
VENDOR A/C ..........DR PAY TO VENDOR
TO BANK
TO VENDOR
GOVT A/C ...........DR ( RECEIVABLE AMT)
TO INCOME
BANK A/C ..........DR AMT RECED FROM GOVT
TO GOVT
VENDOR A/C ..........DR PAY TO VENDOR
TO BANK
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
- Nursery business
- Tax on Amount transferred in HUF Account
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Section 269ST applicability for capital introduced by partner to his partnership firm
- ETDS return q4 25-26
- Intimation under section 245
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- Working on Gold wastage during Melting of old gold jewellery
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- 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
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
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
