if get the bill of rs.60000+service tax @10.3%.then how do
the entry in bookes
- 8 Answers
- 8406 Views
- I also Faced
- E-Mail Answers
Answer Posted / 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 |
Post New Answer View All Answers
What are the four classifications of bad and doubtful debts as per the context of the bank?
What are a debit note and credit note with an example?
what is book building
What are the advantages of double entry system?
Define each Flexfeild qualifiers (natural accounts, balancing acc., secondary tracking, cost center)
What is reversing journal entries?
1)What is E-1 Sales (Sales in Transit) Full Guidence From Issue to receipient. 2) What is F Form How Are procedure
can we credit depreciation of the year to the general reserves in a balance sheet of that year? and also enlist some relevant documents or standards?
Expand ctc cheque?
What is the entry for provision?
Hi, in Vendor Master i put in defualt data material in purchasing group in sap. now i want to report or list only purchasing group wise vendor only like subcontractor vendor list only how to get this?
Do you know in accounting, vat abbreviates what?
calculations of pf
What is bad debt expense?
I am working in govt. sec. How to make journal entry in books for Fix Deposit
