R2R-RECORDTOREPORT:PRACTICAL WITH EXCEL:POSTINGOF ADJUSTING JOURNAL ENTRIES-ACCRUED/UNBILLED REVENUE

[@rajusairam]

Thanks bro

[@AccountsGurukul]

Its our pleasure. Thanks

[@amitghosh7275]

Hats off to your dedication

[@AccountsGurukul]

Its our pleasure. Thanks

[@justclicking5761]

Sir, On accrued interest income we will have to pay TDS bank gives us interest after deducting TDS and that TDS will be shown in our 26 AS Entery will be Investment a/c Dr TDS receivable a/c Dr (As per 26 AS) To accrued interest a/c

[@AccountsGurukul]

Since the interest is not yet received and to be received so we have to show that as accrued interest assets and do grouping under investment. Accrued interest receivable Assets dr TDs receivable Dr To Interest accrued indirect income cr Thanks

[@sadiksd3219]

Sir, Appreciate your efforts it's so fruitful, it will be very helpful us if you upload video on Accrual & Provision and Inter Company Accounting in RTR end to end.

[@AccountsGurukul]

Sure will add in our to do list. Thanks

[@sadiksd3219]

Reconciliation process after month end closing also needed in Accrual & Provision and in Inter Company Accounting

[@AccountsGurukul]

Recon or backup for each balance sheet number is required. Thanks

[@diyasen8383]

As part of reversal entry when we actually book the invoice don't we debit Cash account and credit Accounts Receivable?

[@AccountsGurukul]

This is related to expenses booking. We have to follow the double entry system and first we have to book the actual invoice as expense account dr and create the liability then we have to do the payment. Thanks

[@DramaofCorporate]

Could you please add a clearing account...in the bucket list

[@AccountsGurukul]

Sure. Will add in our to do list. Thanks

[@vishalagarwal6410]

Thank U so much for your effort. I am not able to download excel sheets.

[@AccountsGurukul]

Can you send one text email on [e-mail] will share it on email in next half an hour. Might be some issues here will check but safer side drop email and will ensure you will get the excel in half an hour. Thanks

[@AccountsGurukul]

Thanks received your email. Will share excel in next half an hour.

[@vishalagarwal6410]

@@AccountsGurukul thank U so much sir.. For Ur reply..

[@vishalagarwal6410]

@@AccountsGurukul sir u creat one telegram channel and share excel sheet on this. i think this is the better way to download. Thank U sir

[@cnh8039]

When Interest is received in December Cash/Bank a/c Dr To Accrued Interest a/c , It should come na ? Why Investment a/c Dr to Accrued Interest a/c and Accrued Interest a/c & Interest Received a/c are different ?

[@AccountsGurukul]

We have to follow the double entry system. Thanks

[@cnh8039]

@@AccountsGurukul What are the two entries ?