Co-operative society account


astik parihar   11 October 2019

astik parihar

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carriage expenses

prasad Nilugal (Accountant GST Practitioner . )     11 October 2019

prasad Nilugal
Accountant GST Practitioner .  
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You query is not clear  ,please  elaborate . 

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CA Dhruva Kalamanji (Chartered Accountant )     11 October 2019

CA Dhruva Kalamanji
Chartered Accountant  
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Carriage expense is an expense allowable under income tax act if it used for the purpose of the co op society

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astik parihar   11 October 2019

astik parihar

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Where to entry
trading account
profit and loss account
balance sheet

prasad Nilugal (Accountant GST Practitioner . )     12 October 2019

prasad Nilugal
Accountant GST Practitioner .  
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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 .  

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sabyasachi mukherjee   13 October 2019

sabyasachi mukherjee

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INCOME EXPENDITURE ACCOUNT TO BE MAINTAINED.
CARRAIGE EXPENSES DR.
TO BANK.


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