Respected Expert,
Please guide me to pass the entry of disclosed excess stock during the course of Survey. The entry effect in ledger and inventory and clear where the effect reflected. Kindly guide me how passed the entry.
Thanks
Rakesh
Menu
Accounting entry
Replies (1)
Disclosed stock/stock a/c Dr.
To Other Income
The other income will go to P&L a/c which will eventually increase the capital. The inventary will increase with the same quantum. Thus the balance sheet will tally.
Recent Topics :
- Register on Income Tax as CA
- Deduction In Employee Provident Fund
- This is a gift for all Chartered Accountants and P
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
- Wallet query for GST.
- 25-26 exempted sales
- Hotel stay below Rs.1000/- GST applicable or exemp
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
- Generate E-Way Bill for 4 Nos. Suppliers Involveme
- Section 54F Exemption
Related Topics :
CAclubindia
