banner_ad

What accounting entry should be passed in tally

This query is : Resolved 
Profile Image

Profile Image

(Querist)
15 January 2011 opning balance of cash in hand is overstated by Rs.5000/-(L.Y. cl. bal).
reason is cash embezzeled by the accountant and cannot be claimed now.

what entry should be passed and also it
should be passed in payment mode or not.
Profile Image

CMA Ramesh Krishnan

Profile Image

CMA Ramesh Krishnan (Expert)
15 January 2011 It need to be passed as Dr: Abnormal loss thorugh payment entry
Profile Image

Manmohan ACA, CS

Profile Image

Manmohan ACA, CS (Expert)
15 January 2011 Loss by Theft Dr...
To Cash
Profile Image

CA SURENDRA KUMAR RAKHECHA

Profile Image

CA SURENDRA KUMAR RAKHECHA (Expert)
15 January 2011 Both the above entries can be passed.


More Suitable
----------------

Since the loss is belonging to previous year hence :

Profit & Loss A/c Adjustment A/c Dr. 5000

To Cash A/c




It is a prior period item hence care to be taken while finalising the books.



Note :
------

Care should also be taken of New Accountant !
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


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
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details