How to file gstr1 and 3b? What is blocked credit? Methods of providing depreciation? Some journal entries. Unbilled revenue

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Answering questions related to GST filing, blocked credit, depreciation methods, journal entries, and unbilled revenue for Senior Accounts Executive position.

To file GSTR1, one needs to provide details of outward supplies made during the month. GSTR3B is a summary of all transactions made during the month.
Blocked credit refers to the input tax credit that cannot be claimed due to certain restrictions or ineligibility.
Depreciation can be provided using various methods such as straight-line method, reducing balance method, etc.
Journal entries are used to record financial transactions in the accounting system. For example, a journal entry for a sale would be debit accounts receivable and credit sales revenue.
Unbilled revenue refers to revenue that has been earned but not yet invoiced to the customer.

How to file gstr1 and 3b? What is blocked credit? Methods of providing depreciation? Some journal entries. Unbilled revenue

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