friends, i have to pass one adjustment journal entry.
Whether Journal Entry/Book Entry is Allowed for Rs.(say)10 Lakhs. u/s.269SS or 269 T. or only Cheque entries is allowed. which type of remark auditor should give for such transaction.?
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Book entry for sec269ss/t
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| Originally posted by : Piyush Sancheti | ||
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friends, i have to pass one adjustment journal entry. Whether Journal Entry/Book Entry is Allowed for Rs.(say)10 Lakhs. u/s.269SS or 269 T. or only Cheque entries is allowed. which type of remark auditor should give for such transaction.? |
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The Journal entry is passed in a regular manner. In the same way an entry is passed when you grant or take/accept a loan! 269SS and 269T only requires us to DISCLOSE the same in Form 3CD. It is just meant for reporting purpose. The Journal entry for the same, in my opinion, would be the same!
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