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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 Posted / ghanshyam
exp./purchase a/c dr. 66180
to creditors a/c 60000
to servoce tax paid 6000
to edu. cess 180
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My question is on Opening & Closing Stock Suppose Closing stock of 2014-15 is Rs 30 lakhs & Also we filed return & ROC too for 2014-15. Opening stock for 2015-16 should be Rs 30 lakhs but we found that some purchase for feb & March 2015 Stock has been entered in tally Its taken directly to purchase split of stock not made & in sales to same of 2 lakhs no split of stock is shown. Those stock need to make changes in 2015-16 what was the process ? And what will be adjustment entry ?
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