Urgent -accounting mistake in last fy

A/c entries 396 views 3 replies
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abc
189 Points Joined March 2010

actual entry
debtors    100000 dr
   sales             90000 cr
   vat               10000 cr

entry done
debtors     100000 dr
   sales             85000 cr
   vat               15000 cr

how shall i rectify the error in fy 13-14

since it is a proprietorship firm
should i debit vat & credit capital a/c

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On 25 November 2014 at 12:30 Report
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Practising CA
8944 Points Joined December 2013
Revise last year vat return and bring refund to the tune of rs.5000..... In current year.Pass journal entry Dr.Vat 5000 Cr Prior period item 5000. Dr prior period item 5000 cr sales 5000.
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On 26 November 2014 at 00:45
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Trainer
41 Points Joined April 2009

vat A/c Dr,  5000

To Profit and loss Appropriation 5000

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On 28 November 2014 at 18:21
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Student CA Final
117 Points Joined September 2012

treatment by applying AS-5

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On 05 December 2014 at 17:42


CCI Pro

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