Q1. If sales invoice raised in March 19 but actual dispatch in April19 if we reversing sales how to show Sales in 19-20
Kindly do the needful
Menu
Sales Revenue
Replies (2)
The journal entries passed on 31.03.19 would be :
1. Sales A/c ___Dr. 100 -
To Sales in Transit (Stock) A/c - 100
2. Sales in Transit (Stock) A/c __Dr 1
1. Sales A/c ___Dr. 100 -
To Sales in Transit (Stock) A/c - 100
2. Sales in Transit (Stock) A/c __Dr 1
Why You reverse the sales...?
You can book the sales in Mar-19...
You can book the sales in Mar-19...
Recent Topic
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
- TDS MISMATCH AND AIS
Related Topics
CAclubindia
