Expenses entry
This query is : Resolved
19 April 2014
If the bill date is 10/04/14 and the billing period 1/3/14 to 31/3/14 then what entry has to be passed in the books of account
19 April 2014
first you have to book expenses and take liability as OL in 31 March.
Expenses Dr xxxx
Party Dr xx
To Tds Payabale xx
To OL xxxx
Then on invoice date
OL Dr xxxx
To Party xxxx
Expenses Dr xxxx
Party Dr xx
To Tds Payabale xx
To OL xxxx
Then on invoice date
OL Dr xxxx
To Party xxxx
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Import license renewal
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
