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FOR DATA ENTRY

06 April 2021

DEAR SIR,

GOOD MORNING!

SIR WE HAVE SALE MACHINE TO PARTY A , RS.17,11,000.00 AND PAYMENT RECEIVED RS.17,11,000.00 FROM HERE PERSONAL ACCOUNT SO MY QUERY IS PAYMENT RECEIVED FROM PERSONAL ACCOUNT SO HOW I AM SHOWING ACCOUNT ENTRY AND ALSO PLEASE SHARE PERSONAL ACCOUNT UNDER GROUP.

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2 Replies

CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 06 April 2021

For sales,

Machinery a/c dr
to Sales a/c

For amount received,

Bank a/c dr
to Party name a/c

You can show the party name under Debtors account and subsequently show the amount received from the party under debtor. So, there will be no outstanding balance will be remaining from that party account

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Dikshit Shah (47 Points)
Replied 06 April 2021

BUT SIR USAKA ACCOUNT OPEN NAHI THA BANK ACCOUNT ME IS VAJESE UNHONE APANE PERSONAL ACCOUNT MESE PAYMENT KIYA

NOW ABHI HUM UNKE PERSONAL ACCOUNT ME PAYMENT KARKE PERSONAL ACCOUNT CLOSE KAREGE AND BADAME PARTY HAME UNAKE ACCOUNT MESE ( JIS NAME PAR INVOICE BANA THA) PAYMENT KAREGE.

TO JO PERSONAL ACCOUNT MESE JO AMOUNT AAYA THA AB USAKA LEDGER CREATE KARUGA TO UNDER GROUP KYA MENTION KARNA HOGA. SUNDRY DEBTORS OR ANY ETC