On 02.12.2018 I made a journal entry
Bank account 20000
To Xyz ltd 20000
On 04.12.2018, I realised that payment belonged to ABC ltd. Please suggest me that if i need to modify the entry or pass new journal voucher entry by debiting Xyz and crediting abc account.
Which is the best option adhering tp accounting rules
Modify or New journal entry??
Menu
Modification of journal entry
Replies (6)
kindly modify the entry
better to modify the entry
rather than passing journal entry ..
rather than passing journal entry ..
Thank you pankaj and bharat sir
I think your entry is not correct... inspite of Journal as per my knowledge it should be receipt entry
BANk.....dr
ABC LTD...CR
Dear Shukla sir, entry is posted in bank payment voucher, it is just type like all journal entries
ok
Recent Topics :
- ITC ON RENT
- GSTR-9 Table 8A Portal and Excel Issues
- IGST on Commercial Rental Income (Different State)
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
Related Topics :
CAclubindia
