Mat credit entry
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 August 2012
WHAT ENTRY IS TO BE PASSED IN THE BOOKS FOR PAYING MAT ? AND WHAT ENTRY IS TO BE PASSED IF IT IS TO BE UTILISED ? DOES MAT CREDIT A/C APPEAR IN THE BALANCE SHEET ASSETS ?
24 August 2012
Create MAT credit entitlement asset a/c when reconising MAT credit and reverse when utilising it.
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 September 2012
hey thank you.....how do i reverse it ? what entry should i pass ?
01 September 2012
Reverse entry of what was passed earlier year.
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