RECEIVED RS.10000/- CLAIM IN CURRENT YEAR WHICH IS PERTAINING TO PREVIOUS YEAR TAX PAYMENT MADE OF RS.60000/- HOW TO BOOK RECEIVABLE ENTRY IN PREVIOUS YEAR
3 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 13 September 2018
Where is from received...?
Where to you paid...?
🤔🤔🤔🤔🤔
Where to you paid...?
🤔🤔🤔🤔🤔
Chhalani and Associates
(CA - www.cachhalani.com)
(142 Points)
Replied 16 October 2018
If the Tax amount receivabe was kept under current assets last year, adjust it with that. Else add it to Capital A/c. Since it is tax refund, cant be treated as Income.
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