Baddebts can charged to opening balance having credit
balance?
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Answer / venkat
No, should be deducted from the Capital which is on the liabilities side of the balance sheet.
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Pass journal entries Purchased goods from mr x on credit 1000
A company purchase goods Rs.2000/- & input vat received rs.100/- but at the time he sold goods 1000/- as a sales & 1000/- as a sock transfer. plz tell me how much take input claim in this case.
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Bank charges rs.100 debit/credit only in brs, where u can Posted entry,add or less in as per cash book/passbook
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