Dear Sir
I have received 57 lakhs rupees from Jan seva Kendra I gave them cash amount for the same now I want to know that how should I show in the books of accounts of that amount
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Amount Received from Jan seva Kendra
Replies (1)
Record the transaction by debiting your Cash or Bank account for ₹57 lakhs and crediting either your Service Revenue account (if the service is completed) or an Advance from Customer account (if the service is pending). Ensure you document the transaction clearly and check for compliance with cash transaction limits under local tax laws.
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