Saving bank

This query is : Resolved

krishna jethe (Querist)
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14 March 2024 Sir,
Purchase is made through Saving & Payment is done by UPI & total of debit side saving a/c-16 lacs
Now how can treat this transaction in account books of Proprietorship firm.
Thanks..

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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14 March 2024 Debit purchase account and credit prop capital account.

RAJA P M

RAJA P M (Expert)
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15 March 2024 Account the SB account transaction in firm account.

krishna jethe

krishna jethe (Querist)
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18 March 2024 Sir, As your answer Purchase Made dr but this transaction is non GST.Each transaction under 5000/- No any bill received from seller then how can disclose in books of accounts.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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18 March 2024 Such a small payment prepare your voucher and account it bill not required if not available.

krishna jethe

krishna jethe (Querist)
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18 March 2024 Clear Thank you....................

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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18 March 2024 You are welcome..
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