if get the bill of rs.60000+service tax @10.3%.then how do
the entry in bookes

Answer Posted / s p yadav

Expense A/c Dr. 60000/-

Cenvat Receivable A/c Dr. 6180/-

To Patry A/c 6180/-



Party A/c Dr. 6180/-

To Bank A/ 6180/-

Is This Answer Correct ?    1 Yes 5 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Why in KE5Z report in SAP Accounting Data not found?

3574


I am a service man.I want to submit my income tax return by efilling.Anybody can help me to do the same with the information to submit the file?

1799


Do you know in accounting, vat abbreviates what?

656


Do you know overhead in terms of accounting?

662


in tally ,professional fees head will come under which income group ,direct or indirect if the business of owner is designing work or related to creativity

4997






if a sole proprietor pays his firms insurance policy , How it should treated in books of accounts? whether it should be treated as investment? or indirect expenses?or drawings?

1131


How will I post entries to Tally If I purchased a Car in Loan. The principal Amount = 62930 Interest = 6846 Total = 69776 We have to pay Rs 1191 every month for 4 years which include Principle amount and interest. how can I post the monthly entries to tally

25342


What is the acceptable accounting procedure when an error is detected in a general ledger account? Explain why such a procedure is followed?

1600


What is normative accounting?

595


Do you know company's payable cycle?

670


Do you know what is project implementation?

618


Does anybody know anything about BirlaSoft? I got a job offer, they sent me a contract to sign and return, but thank God they didn't ask for any money! But, they said they would send me a check in the mail. And as my first "task" I would have to use that check to order a bunch of accounting software, and I would need to purchase this software ONLY from the vendors that THEY provide. Is this a scam to just get money? I'm wondering if they "own" the vendor they "work" with and launder money that way. I asked the person who was getting my information, as far as my name and address to send the check to, Why would I have to buy software to install in my home computer anyway? Couldn't they just send me a link for the software to download? I'm afraid of the check being fake. Because, if I deposit the check into my checking account and it turns out to be fake, then I'll owe the bank all that money! Hope to hear from someone soon. Thanks.

2927


What is recording damage inventory in books of account?

621


Entries to revenues accounts such as service revenues are usually?

1584


say something about your school

2533