Forgot to book expenditures last year
This query is : Resolved
21 November 2013
HELLO SIRS,
ONE OF OUR CLINT HAVE PAID SOME CUSTOM CLEARING CHARGES BY CHEQUE LAST YEAR, BUT FORGET TO PASS THE JOURNAL ENTRY FOR EXPENSES.
AS A CONSEQUENCE, THE ACCOUNT OF CUSTOM AGENT IS SHOWING A CREDIT BALANCE. PLZ SUGGEST THAT HOW TO BRING CORRECT BALANCE TO HIS ACCOUNT.
ONE OF OUR CLINT HAVE PAID SOME CUSTOM CLEARING CHARGES BY CHEQUE LAST YEAR, BUT FORGET TO PASS THE JOURNAL ENTRY FOR EXPENSES.
AS A CONSEQUENCE, THE ACCOUNT OF CUSTOM AGENT IS SHOWING A CREDIT BALANCE. PLZ SUGGEST THAT HOW TO BRING CORRECT BALANCE TO HIS ACCOUNT.
23 November 2013
Dear Ashish
Firstly please tel us know if you paid charges through cheque then is it not reflected in your Bank recon (if entry not passed) if entry is passed then how ur vendor account is showing Credit balance till date.....
Please provide us the entries which you have passed in your books.
Regards
Firstly please tel us know if you paid charges through cheque then is it not reflected in your Bank recon (if entry not passed) if entry is passed then how ur vendor account is showing Credit balance till date.....
Please provide us the entries which you have passed in your books.
Regards
25 November 2013
DEAR SIR
JOURNAL ENTRY PASSED BY ACCOUNTANT
PARTY DR
TO BANK
JOURNAL ENTRY NOT PASSED FOR BY HIM
EXP DR
TO PARTY
JOURNAL ENTRY PASSED BY ACCOUNTANT
PARTY DR
TO BANK
JOURNAL ENTRY NOT PASSED FOR BY HIM
EXP DR
TO PARTY
25 November 2013
Dear ashish
It means your vendor account shows debit balance.
you can write off the debit balance in current year.
It means your vendor account shows debit balance.
you can write off the debit balance in current year.
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