I want to know what is the accounting Treatment and accounting entries for receipt of Pathpedi Amt in Balance Sheet and Profit & Loss A/c.
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Accounting treatment for receipt of pathpedi amt
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Pathpedi amount is it revenue in nature or capital receipt. If it is revenue in nature, the entry must be cash/bank a/c Dr
To Pathpedi a/c (Revenue & expenditure a/c)
If it is capital in nature.
the entry must be
pathpedi a/c (assets side)
to party a/c
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