WHAT JOURNAL ENTRY TO PASS AND ALSO LET ME KNOW THE RESPECTIVE HEAD OF ACCOUNT
1 ) FOR ISSUE OF BG TO GOVERNMENT DEPARTMENT
2) AFTER EXPIRY OF BG ITS CANCELLED AND THE AMOUNT IS CREDITED BACK TO OUR ACCOUNT
sayad (Executive) (196 Points)
18 November 2024WHAT JOURNAL ENTRY TO PASS AND ALSO LET ME KNOW THE RESPECTIVE HEAD OF ACCOUNT
1 ) FOR ISSUE OF BG TO GOVERNMENT DEPARTMENT
2) AFTER EXPIRY OF BG ITS CANCELLED AND THE AMOUNT IS CREDITED BACK TO OUR ACCOUNT
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(5057 Points)
Replied 18 November 2024
Here are the journal entries and respective heads of account for the two scenarios:
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