Jv entry
Querist : Anonymous
i want to ask about accounting entry.
suppose ABC COMPANY have to pay Rs.1000 to xyx company AS PER AGREEMENT(I MEAN ABC WILL PAY RS.1000 TO THE XYZ AFTER 10 YEAR. FOR REMEMBER THE AMOUTN OF RS. 1000.WHAT ENTRY ABC TAKE IN HIS BOOK. ).so waht entry will be take ABC COMPANY IN THEIR BOOOK.
XYX Loan & Advance A/c Dr 1000
To Bank A/c 1000
( Being paid vide chq no. to xyx as loan repayable after 10 years)
Querist : Anonymous
THANK FOR ANSWERING FOR MY QUERY BUT HE IS OUR CONTRACTOR AND WE WILL HAVE TO PAY 10 % ADVACE AS PER CONTRACT AGREEMENT THAT 10 %AMOUNT WE HAVE NOT PAID TILL DATE.
THANKS,
Click here to login now
Similar Resolved Queries
- House Property Reporting in ITR
- Refund Annexure-B
- TDS Claim year
- Liable to deduct tds and 44ADA
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- TDS Challan Code
- Refund of 20%pre-deposit paid for stay application
- Rent lease agreement
- Merchant Export Accounting
- Internship/Academic shown in Salary Pay Slip of a Doctor
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
