Wrong Credited
This query is : Resolved
23 August 2008
Dear Sir,i am working as a account assistant in shilpa antibiotic ltd
bangalore. my problem is in july month we issued a cheque on 15.7.08
of Rs 50000 to bank manager to issues dd in favor "X" a/c by mistake but
it had credited to some y a/c Rs 50000 on 16.7.08 after complained
to manager on 18.7.08 y had credited to our a/c back Rs 50000 i have
allredy debited in cash book in the name of x on 15.7.08 but in the
pass book it is Debited rs 50000 on 16.7.08 and again on 18.7.08 it
is credited so what should i do shall i take how it is shon
the pass book or any addjustment in the journal plz solve it by
showing entery i will be very thankfull
bangalore. my problem is in july month we issued a cheque on 15.7.08
of Rs 50000 to bank manager to issues dd in favor "X" a/c by mistake but
it had credited to some y a/c Rs 50000 on 16.7.08 after complained
to manager on 18.7.08 y had credited to our a/c back Rs 50000 i have
allredy debited in cash book in the name of x on 15.7.08 but in the
pass book it is Debited rs 50000 on 16.7.08 and again on 18.7.08 it
is credited so what should i do shall i take how it is shon
the pass book or any addjustment in the journal plz solve it by
showing entery i will be very thankfull
24 August 2008
Hi Amaresh
You are not required to do any thing because y is reveresed in both the books and also its with in the month so need for reconsilation
You are not required to do any thing because y is reveresed in both the books and also its with in the month so need for reconsilation
24 August 2008
Yes Amit is right.
24 August 2008
No need to make any changes in you Bank Book/Cash Book Amresh as you have correctly debited the amount and its the fault on part of the bank that you can easily explain to the Assessing officer if need arises.
25 August 2008
if you have reced back your amount by bank then you shoud reversed X a/c
26 August 2008
Already answered:-)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- Regarding Applicability of Tax Audit u/s 44AB
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Putting a heading on received mail
- Foreign lottery ticket bought online from India: legality, tax and consequences
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Reprocessing of rectification order AY 2025-26
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
