Under which head in balance sheet.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 September 2018
Sir,
I want to know that ITC remain in credit Ledger , where it has to be shown In Balance sheet and under what head whether in Current Account or Investment.
Please suggest
I want to know that ITC remain in credit Ledger , where it has to be shown In Balance sheet and under what head whether in Current Account or Investment.
Please suggest
24 September 2018
After adjustment Your all ITC to Liability then You have ITC c/f to Next FY then Prepare a Ledger as "GST Account - Under Revenue Authority (Current Asset)".
Provide a Journal Entry from ITC to GST Account.
Provide a Journal Entry from ITC to GST Account.
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