Accounting entry for e-1 puchase and sale under cst act

A/c entries 951 views 1 replies

What will be the accounting entry by first buyer in his books in case of E-1 sale(Sale in transit under CST Act)?

Replies (1)

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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