Dear All,
Can I pass an entry for cheque return or cancel given before by J.V. i.e. by debiting Bank A/c. and creding Customer A/c. or I should pass it by bank book (receipt) ?
Thanks in advance..
vijaya kumar n
(JOB)
(488 Points)
Replied 11 March 2010
yes, you can pass the Receipt entry..........
saranraj
(CA FINAL)
(419 Points)
Replied 18 March 2010
you must pass Journal only for rectifications...It will Conform to the principal of accounting...
Anshika
( CA -Industry- Sr.Accounts Officier)
(141 Points)
Replied 19 March 2010
You should pass it through JV in order to make the credit stand in customer ledger a/c . But in case the tranaction is reflected in bank statement then pass both JV and receipt entry
Raj Chitroda
(Accounts)
(325 Points)
Replied 23 March 2010
Dear Sir,
We have purchased 5 unit of Assets on financed, out of two we sold 2 unit assets to another on finance, now the
question are,
1, how to make entry for expense interest on finance of Two Sold Assets because we also sold the Assets on finance.
2, How to execute other entry
Thanking you
Rajesh Chitroda
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