banner_ad

payment through C.B.S.

This query is : Resolved 
Profile Image

Profile Image

(Querist)
08 September 2008 I Bussines garment total purchase credit basic suppose that my 1 purchase bill 80000/-
& supplers ask 80000/-Cash deposit my C.B.S.A/C

1-What accounting entry in puurchaser book
2- cash deposit exceed 20000/-ka kya hoga
Profile Image

Jitender

Profile Image

Jitender (Expert)
08 September 2008 already ans given.
Profile Image

CA Pawan Goswami

Profile Image

CA Pawan Goswami (Expert)
08 September 2008 At the time of purchase:-
Purchase A/c Dr. 80000
To Supplier's A/s 80000

At the time of Payment:-
Supplier's A/c Dr. 80000
To Cash A/c 80000

Cash deposited in excass of Rs. 20000 will be disallowed u/s 40A(3) of I.T. Act.
Profile Image

CA Rajesh S

Profile Image

CA Rajesh S (Expert)
10 September 2008 Cash deposited in excess of Rs. 20 K will be disallowed u/s 40A(3)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
29 April 2026
Internal Auditor

SNCO

Mumbai

CA Inter

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
ARTICLESHIP 27 April 2026
CA Articled Assistant

GM Corporate Solutions

Noida

CA Final

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
05 May 2026
Accountant

Sanjay K Pathak & Associates

Noida

Graduate (Any)

View Details
Company
04 May 2026
Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details