Lc accounting
This query is : Resolved
02 September 2011
please help me with accounting treatment of LC in books of buyer.
02 September 2011
on the date of opening the LC
LC margin a/c dr
Bank charges a/c dr
to Bank a/c
on the date of payment of LC
Seller a/c dr
to L/C margin a/c
to Bank a/c
to Bank charges a/c
LC margin a/c dr
Bank charges a/c dr
to Bank a/c
on the date of payment of LC
Seller a/c dr
to L/C margin a/c
to Bank a/c
to Bank charges a/c
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Tds on building rent monthly
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- RCM INVOICING FROM NOV-2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- TDS under section and rate of TDS
- GST input on scooter purchased
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- TDS on Material and Labour in same invoice
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
Trending Online Classes
CAclubindia
