Journal entry for Recharge of Fastag

This query is : Resolved 

Quick Summary
Fastag recharge is treated as advance payment in books. When toll charges are incurred, it is booked as expense by adjusting Fastag balance. Journal entry: Toll Charges Dr To Fastag Advance Cr. Recharge itself is not expense until used.

23 February 2022 Dear All,

What will be the entry for recharge of Fastag for payment of toll charges. And also what will be the entry for payment of toll charges through Fastag.


Thanking you,

23 February 2022 Recharge of fastag keep it under advance.
Payment of toll charges charge it to revenue.
Toll charges Dr
To fastag advance cr.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro

Follow us
add to google news


Answer Query



Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 08 July 2026
Articles

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
ARTICLESHIP 10 July 2026
Article Assistant

N S Gokhale & Co

Thane

CA Inter

View Details
Company
05 July 2026
Financial Controller

NovumLake Partners

Mumbai

CA

View Details
Company
ARTICLESHIP 30 June 2026
2 posts Article assistant and Articleship completed students

Chirag N Shah & Associates

Mumbai

CA Inter

View Details
Company
24 June 2026
Chartered Accountant

CA Darshita Shah & Co

Nadiad

CA

View Details
Company
ARTICLESHIP 27 June 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 24 June 2026
ARTICLE ASSISTANT

BHUPINDER SHAH AND COMPANY

New Delhi

CA Inter

View Details