a person order 20 units of phone from a shop online and shop's employee dispatch the parcel with 22 unit of phones by mistake so what are the accounting treatment and journal entries in the books of RECIVER
Menu
Query on abnormal gains/profits
Replies (4)
Quick Summary
For 20 pens Invoice entry
Purchase A/c Dr
Input CGST A/c Dr
Input SGST A/c Dr
To Trade Creditors A/c Cr
( Booking entry for phone purchase)
Purchase A/c Dr
Input CGST A/c Dr
Input SGST A/c Dr
To Trade Creditors A/c Cr
( Booking entry for phone purchase)
Account only 20 units & try to get back the 2 units
No accounting is not done like that.
If you are receiver then give back the 2 units to seller as a fair trade practices .
Recent Topics :
- GST Refund on payment to builder
- TDS u/s 194Q on electricity supply by DHBVN etc.
- Subject: Can I Apply for Fresh GST Registration on
- Additional place in GST RC
- Company 3 months old, INC-20A not filed, all 3 of
- How do I choose the Best GST Lawyers in New Delhi
- Loss on sale of residential flat after indexing al
- Short Deduction
- Large mismatch between AIS Business Receipts and G
- Income tax on Australian Stipendiary Steward on 3
Related Topics :
CAclubindia
