22 November 2013
As per rule "Debit what comes in and credit what goes out"
actually bank/cash a/c should be credited but for time being its not paid therefore only for temporary purpose its due and not paid when its paid then entry will get reverse
Sunder a/c ....dr (Dr the receiever) To bank a/c ( credit what goes out)
Querist :
Anonymous
Querist :
Anonymous
(Querist)
24 November 2013
Thanx Sir
But its means 3 RULES of A/C not followed in every journal entry.
am i correct or not
and one more thing sir can you tell me whats the nature of TDS A/C
CAclubindia
