N.s.c.accounting
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 April 2016
DEAR EXPERTS,
I HAVE RECEIVED N.S.C.ON MATURITY FROM VAT DEPARTMENT.
HOW TO ACCOUNT THIS MATTER ?
I HAVE RECEIVED N.S.C.ON MATURITY FROM VAT DEPARTMENT.
HOW TO ACCOUNT THIS MATTER ?
05 April 2016
How you have booked original Entry When you given VAT Department . you can Reverse the Same .
05 April 2016
if you have done accounting for NSC interest in accrued basis then you have to add last year interest as indirect income.
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