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 Topics :
- Utilising Section 54(F) for capital gains reinvest
- GST ewaybill closure and Bill to ship to GST numbe
- TDS ON PARNTER INTEREST
- Share important chapters of ca inter costing
- Free CA Foundation Study Material - PYQs with Sugg
- INCOME TAX
- Moving from old to new tax regime after notice
- Need urgent help on notice
- ITR-3 - F&O Loss adjusted against business inc
- Error - Blank Rows in Schedule SI (ITR-2)
Related Topics :
CAclubindia
