prasad Nilugal
( GST Practitioner & Accounts )
(14165 Points)
Replied 11 October 2019
You query is not clear ,please elaborate .
CA Dhruva Kalamanji
(Chartered Accountant )
(1996 Points)
Replied 11 October 2019
astik parihar
(3 Points)
Replied 11 October 2019
prasad Nilugal
( GST Practitioner & Accounts )
(14165 Points)
Replied 12 October 2019
Co-Op Society is Non profit organisation therefore you have to prepare Income & Expenditure A/c , instead of Trading & profit & loss (its for profit making business) . So prepare Income & expenditure A/c and Show Carriage expense on expenditure side .
J. E will be
Carriage Expense A/c Dr .
To Cash / Bank A/c CR
( Being carriage expense paid ) In you paid Cash Cr cash A/c otherwise Bank should be credited .
sabyasachi mukherjee
(26047 Points)
Replied 13 October 2019
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"