Saving bank

This query is : Resolved 

14 March 2024 Sir,
Purchase is made through Saving & Payment is done by UPI & total of debit side saving a/c-16 lacs
Now how can treat this transaction in account books of Proprietorship firm.
Thanks..

14 March 2024 Debit purchase account and credit prop capital account.

15 March 2024 Account the SB account transaction in firm account.

18 March 2024 Sir, As your answer Purchase Made dr but this transaction is non GST.Each transaction under 5000/- No any bill received from seller then how can disclose in books of accounts.

18 March 2024 Such a small payment prepare your voucher and account it bill not required if not available.

18 March 2024 Clear Thank you....................

18 March 2024 You are welcome..
..


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