a electronic shop sold 1 T.V of Rs.2 lac to MR.A . he paid for the TV and give the address to deliver the product but the shop deliver the TV to wrong person and have to give new TV to MR . A so what is the accounting treatment for it ??
Ks (Ac) (138 Points)
07 May 2022a electronic shop sold 1 T.V of Rs.2 lac to MR.A . he paid for the TV and give the address to deliver the product but the shop deliver the TV to wrong person and have to give new TV to MR . A so what is the accounting treatment for it ??
Kev Men
(788 Points)
Replied 07 May 2022
Ks
(Ac)
(138 Points)
Replied 07 May 2022
the TV is not returned by the person who get the TV BY mistake then what is the accounting treatment
prasad Nilugal
( GST Practitioner & Accounts )
(14581 Points)
Replied 07 May 2022
RAJA P M
("Do the Right Thing...!!!")
(127984 Points)
Replied 08 May 2022
prasad Nilugal
( GST Practitioner & Accounts )
(14581 Points)
Replied 08 May 2022
Wrongly Delivered T.V was not return by the Customer same is loss for Business , is the 2nd query above .
Ks
(Ac)
(138 Points)
Replied 08 May 2022
can we also record it as
loss of goods/T.V DUE to wrong delivery A/C dr
to purchase A/C CR
prasad Nilugal
( GST Practitioner & Accounts )
(14581 Points)
Replied 08 May 2022
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
