It refund entry entry
Poornima C (35 Points)
05 January 2022Poornima C (35 Points)
05 January 2022
CA Raj Doshi
(Practising CA)
(8740 Points)
Replied 06 January 2022
sabyasachi mukherjee
(26089 Points)
Replied 06 January 2022
CA Raj Doshi
(Practising CA)
(8740 Points)
Replied 06 January 2022
Earlier such taxes would have been debited to capital account. Now you will have to credit to capital account.
CA Puja Sharma
(Chartered Accountant)
(4874 Points)
Replied 06 January 2022
Bank A/c Dr.
To Capital Account.
Adjust with capital because you have earlier given the effect in your P/L A/c which is adjusted with capital
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)