F.Y. 2020-21
Paid Rs.5000 to Samarpan Electrical as advance for certain electrical work. Accounting entri was passed as following;-
11-11-2020 Electrical Repair Expenses A/c.............Dr. 5000
To Cash A/c. 5000
(Audit Report was final and printed)
F.Y. 2021-22
An Invoice of RS.15,000 receive on 22-08-2021 from Samarpan Electrical after completion of work. Paid Rs.10,000 by issuing Cheque on 25-08-2021.
NOW
How to adjust the difference of Rs.5000 already paid in P.Y. 2020-21????
What entry should be passed.????
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