How to pass entry on 31.3.22
Minalal Bhansali (72 Points)
02 June 2022Minalal Bhansali (72 Points)
02 June 2022
prasad Nilugal
( GST Practitioner & Accounts )
(14593 Points)
Replied 02 June 2022
For Fright Charge and vehicle charges pass entry on ,31-3-22 as follows
1.Fright Charges receivable A/c Dr
To Fight chrges A/c Cr
( Being fright Charges receivable)
2 . Vehicle Charges receivable A/c Dr
To Vehicle charges A/c Cr
( Being vehicle charges receivable )
Note- Show Fright and vehicle charges receivable under current Assets (others) in balance sheet , same You have to carry forward to the next year , when you received in the next year pass entry as follows.
Bank A/ Dr
To Fright charges receivable A/c Cr
( Last year income received in the current year)
Similarly when you receive Vehicle charges next year pass similar entry as above.
prasad Nilugal
( GST Practitioner & Accounts )
(14593 Points)
Replied 03 June 2022
Please do not consider above incorrect entries done by me , as Fright and vehicle charges are payable not receivable .
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)