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If ABC security service provider monthly bill for the month
of Jan is Rs.2,00,000/- including TDS 2% and Service Tax
12%, Edu.Cess 2% and SHE Cess 1% what is the journal entry.
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Answer Posted / muna
1st entry:
ABC Security Rs.2,24,720/ Dr.
To Service Tax Rs.24,000 Cr.
To Security Service Rs.200000/-Cr.
To Edu. cess Rs.480/-Cr.
To SHEC Rs.240/-Cr.
2nd entry:
TDS Recoverable Rs.4000/- Dr.
Cash /Bank Rs.220720/- Dr.
To ABC Security Rs.2,24,720/- Cr.
| Is This Answer Correct ? | 4 Yes | 7 No |
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over draft balance as per cash book (journal entries needed) a,cheques deposited in bank but no entry was passed in cashbook b, credit side of the bank, column cash short c, chques received but not sent to bank d, insurance premium paid by bank as per standing instructions e, credit side of bank, coloumn cash short f, bank charges entered in cash book twice g, cheques received returned by bank but no entry passed h, cheques issued returned on technical grounds i, bills directly collected by bank j, bank charges debited by bank k, cheques received entered twice l, bills discounted dishonoured
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