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if get the bill of rs.60000+service tax @10.3%.then how do
the entry in bookes
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Answer / ghanshyam
exp./purchase a/c dr. 66180
to creditors a/c 60000
to servoce tax paid 6000
to edu. cess 180
| Is This Answer Correct ? | 10 Yes | 2 No |
Answer / narayan pawar
Purchase A/c Dr 66180
To sundry creditors A/c 60000
To service tax paid A/c 6180
| Is This Answer Correct ? | 11 Yes | 5 No |
Answer / srinivas
purchase a/c Dr 60000
input service tax Dr 6000
input educationcess dr 120
input h.ed.cess dr 60
To party a/c 66180
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / vijendra
expenses a/c........Dr 66180
TO Party A/c 60000
To Input service tax A/c 6180
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / vijendra
exp.purchases a/c....Dr 60000.00
Input Service a/c....Dr 6180.00
To Party a/c 66180.00
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / ayyanar
I telling Examples,
Bill Received Rs 33090 /= of Proffessional fee with service
tax .
Bill Value - Rs 30000 /=
Service tax -Rs 3090 /= (10.3%)
Total is Rs 33090 /=
Now Entry is
"
Professional fee A/c Dr Rs 30000
Service tax 10 % A/c Dr Rs 3000
Service(Ed ces)3%A/c Dr Rs 90
To TDS on Professional a/c cr Rs 3309
To Party a/c cr Rs 29781
"
| Is This Answer Correct ? | 1 Yes | 1 No |
What will happen if an organization not maintain the sufficient working capital?
tds,pf,esi,edcation.callculation, and salary preparation
I am a Leaving Cert Student. From Solutions to exam questions etc. I know what to do with the following adjustment but I cannot explain why. A thypical Adjustment is: A building is acquired for €60000 plus VAT at 10%. The amount paid to the Vendor was entered in the Buildings Account. No entry made in the VAT account. Could you explain why the VAT amount is deducted from the VAT amount in the TB? And why it is sometimes an Asset in the BS. Thank you, Mary
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