Actually we had Posted P.V.C bills to Indian Railway the
total bills amount is Rs.10,00,000/-, and government had
passed only Rs. 8,00,000/- and gov. had said that there are
no more P.V.c bills are lying outstanding in their a/c, so
for now are claiming Rs. 2,00,000/- as loss on sale, i m
totally confused what would be the impact on the Profit and
loss a/c , and in which group it will come,if I do a entry of:-
dr. Central sale @12.5% a/c Rs.2,00,00/-
Cr. Loss on sale a/c Rs.2,00,000/-
or
Will i adjust the Cst@12.5% on Pricipal Value, or will i
pass on the entry on total amount i.e Rs.2,00,00/-
Plz guide,me soon.
Answer Posted / jineesh.p
bad debts a/c dr
to indian railway
Is This Answer Correct ? | 3 Yes | 1 No |
Post New Answer View All Answers
WHAT TYPES OF ESSAYS ARE GIVING IN BANK OF AMERICA? CAN ANY ONE HELP ME
differnce between the 4.7 & 6.0 versions?
What is difference between cash flow and funds flow?
If someone knows about the test pattern of Junior executive accounts than please share.
what is article of association? what is memorandum of association?
What are Mortgage Payment Problems?
Short Answer on _____________Accident Insurance
Is it correct to covered fesibility report expenses and survey expenses in pre-operative exepenses ?
intorduse your self ? what to say if iam fresher.
Which entry we pass self entry like cash withdraw for ourself
which kind of expenses or Income will come under direct expenses or Income ?
how to calculate share values of a company.
What is a bad credit score?
example of SOP
Expand-------BANT