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Query on abnormal gains/profits

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Ac
138 Points Posted on 21 February 2022

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

 

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On 21 February 2022 at 15:23 Report
Replies (4)
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GST Practitioner & Accounts
15093 Points Posted on 21 February 2022
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)
1 Reply
On 21 February 2022 at 17:18
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CFO- at NHTF
58280 Points Posted on 22 February 2022
Account only 20 units & try to get back the 2 units
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On 22 February 2022 at 19:03
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Profession Business
28207 Points Posted on 22 February 2022
No accounting is not done like that.
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On 22 February 2022 at 23:42
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CFO- at NHTF
58280 Points Posted on 23 February 2022
If you are receiver then give back the 2 units to seller as a fair trade practices .
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On 23 February 2022 at 06:41


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