Accounts
This query is : Resolved
28 April 2014
dear sir,
we make a purchase order for materail but the materail is theft by someone at transport we have received bill & credit his account, get cenvat credit. now we have received cheque from transport departnt.
how can i make entry in account.
we make a purchase order for materail but the materail is theft by someone at transport we have received bill & credit his account, get cenvat credit. now we have received cheque from transport departnt.
how can i make entry in account.
28 April 2014
you have to reverse cenvat credit you availed.
cheque entry
Bank A/c dr
To loss from goods stolen
if you have booked loss on theft.
cheque entry
Bank A/c dr
To loss from goods stolen
if you have booked loss on theft.
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