A Gst registered two business maintained jewellery and money lending business
1.sales of jewellery transaction two types cash mode and swipeing machine mode amount received from customers
2.cash pay to customers for money lending business
question:
1.sales of jewellery two types transaction accounting entry passed procedure in books
2.cash pay to customers cash mode limit in it act
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It doubts two business person
Replies (1)
1. For cash receipts Debit CASH. while for Digital receipts debit the Bank account.
2. Less than Rs. 2 lakhs..
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