Go AD-Free with CAclubindia Pro and Daily WhatsApp Updates. Subscribe Now!

TDS amount book adjustment account number

289 views 2 replies

vijay mohan

182 Points Joined January 2018

the amount in the book adjustment number unclaimed.

Replies (2)

Rama chary Rachakonda

Master in Accounts & high court Advocate

9447 Points Joined December 2011

To resolve this, you can try the following steps:

1. Identify the reason: Determine why the amount is unclaimed. Is it due to an error, incorrect accounting, or another reason?

2. Locate the entry: Find the original entry in the books where the amount was recorded.

3. Journal entry: Pass a journal entry to transfer the unclaimed amount to the correct account (e.g., SGST account).

4. Adjusting entry: Make an adjusting entry to correct the mistake and ensure the accounts are accurate.

5. Verify and confirm: Double-check the entries and confirm that the amount has been correctly transferred and accounted for. If you're unsure or need guidance, Additionally, if the unclaimed amount is related to a tax payment, you may need to file a rectification request

Rama chary Rachakonda

Master in Accounts & high court Advocate

9447 Points Joined December 2011

To resolve this, you can try the following steps:

1. Identify the reason: Determine why the amount is unclaimed. Is it due to an error, incorrect accounting, or another reason?

2. Locate the entry: Find the original entry in the books where the amount was recorded.

3. Journal entry: Pass a journal entry to transfer the unclaimed amount to the correct account (e.g., SGST account).

4. Adjusting entry: Make an adjusting entry to correct the mistake and ensure the accounts are accurate.

5. Verify and confirm: Double-check the entries and confirm that the amount has been correctly transferred and accounted for. If you're unsure or need guidance, Additionally, if the unclaimed amount is related to a tax payment, you may need to file a rectification request

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register

Recent Threads

More recent discussions | Post

Related Threads