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
Menu
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..
Recent Topic
- INCOME TAX RETURN
- Form 10E doubt
- LTCG on property sale after 24jul2024
- Should we mention NET INCOME or GROSS INCOME in i
- CRYPTO - SETOFF
- WBAAR: No Reclaim of Reversed ITC under Section 16
- Why Do Companies Prefer SME IPO Even When They Qua
- LTCG Tax Liability even after 100% LTCG set off wi
- ITR RETURNS
- Gold Mining
Related Topics
CAclubindia
