Prince Agarwal (CA & CFA Level 3 ) (97 Points)
16 February 2013What will be the accounting entry by first buyer in his books in case of E-1 sale(Sale in transit under CST Act)?
satish kumar Chauhan
(accountant)
(347 Points)
Replied 28 March 2013
A simplr entry to be passed in the books of 1st buyer
Dr to Debtors a/c
cr to Sales in transit or sales ag E-1 form
Thanks
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