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
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
- Payment for sale in March and Sale deed registration to be done in April
- Treatment of TDS under Section 194-IA in case of cancelled property transaction
- Lifting and cross charges
- Unable to file 3B monthly return
- REGARDING ITR OF TRUST
- Eligibility for filling NEW Form 121 from April 2026
- SSY for 2 daughters
- Applicability of TDS under section 194J
- REFUND OF GST TDS
- FOR MODIFICATION IN BUILDING MATERIAL GST ITC ALLOWED.
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
- B2B Amendment
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- Regarding Advance Tax not claimed in the Return of Income for A.Y. 2025-26
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
