Accounting entry omitted earlier
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 July 2012
Dear Expert
Salary is paid at in the beginnin of the month but entry was not passed. Please tell how will we record this particular transaction
Salary is paid at in the beginnin of the month but entry was not passed. Please tell how will we record this particular transaction
17 July 2012
If only payment entry was ignored, then it is not a major issue as the entry can be paassed later on. Moreover, it will be reflected in the BRS.
But if the expense booking entry is pending then a lot of ledgers and statutory compliances are going to be effected. TDS, PF, ESI, ll will be effected. Please make sure that this entry was timely passed.
But if the expense booking entry is pending then a lot of ledgers and statutory compliances are going to be effected. TDS, PF, ESI, ll will be effected. Please make sure that this entry was timely passed.
Message likes :
1 times
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 July 2012
thank you sir
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
- Applicability
- Is Aadhar PAN linking required for opening bank account?
- Where to show the RCM on Rent paid to unregistered landlord
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Application of 115BAC
- RCM - commercial rent paid to URP under GST
- Offsetting interest income against derivative trading losses
- TDS NUMBER SURRENDER
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
