Mat credit entry

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

24 August 2012 WHAT ENTRY IS TO BE PASSED IN THE BOOKS FOR PAYING MAT ? AND WHAT ENTRY IS TO BE PASSED IF IT IS TO BE UTILISED ? DOES MAT CREDIT A/C APPEAR IN THE BALANCE SHEET ASSETS ?

Aditya Maheshwari

Aditya Maheshwari (Expert)
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24 August 2012 Create MAT credit entitlement asset a/c when reconising MAT credit and reverse when utilising it.

Querist : Anonymous

Querist : Anonymous (Querist)

01 September 2012 hey thank you.....how do i reverse it ? what entry should i pass ?

Aditya Maheshwari

Aditya Maheshwari (Expert)
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01 September 2012 Reverse entry of what was passed earlier year.

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