if the chq is dishonored which entry will be passed????????
give example entry
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Answer Posted / amit kumar tiwari
Party Dr. 1.00
To Bank A/c 1.00
(Cheque No…….. Being Cheque return against invoice No./Bill
No…………………….)
| Is This Answer Correct ? | 3 Yes | 4 No |
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Tax Invoice: Client had settled Rs. 5,25,000/- {after deducting TDS @ 10% from base/gross amount and then added (+) Service Tax Amount (15%)} which equals to Rs. 525000/- (Settled Amount by Client). Please let me know what will be gross amount and total invoice amount including Service Tax????
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