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.
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.
CAclubindia
