No Provision for Sundry Creditor a/c in Previous Year. How to take into a/c in this FY?
Menu
Provision entry
Replies (2)
Amount no longer payable a/c
to s creditor
If sundry creditor is for revenue expenses:
Prior period Expns account - Dr ***
To Name of the party (Creditor) A/c ***
If sundry creditor is for Capital expenses:
Capital (head )account - Dr ***
To Name of the party (Creditor) A/c ***
Recent Topics :
- APPLICABILITY AND BREAKDOWN OF GST COMPLIANCE ON S
- Advance for supply of goods
- Question for members: how do you manage client doc
- Clarification Required on Invoicing and Receipt of
- SEBI Registered VS NSDL Registered RTA
- Income tax or capital gain tax for Resident Indivi
- PCIT-1 Thane Email address
- CA Fees deduction for non audit case allowed?
- 5th Letter PAN Mismatch with Surname issues still
- Criteria to hire an article
Related Topics :
CAclubindia
