REnt Recevied
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 June 2011
What would be the entry of rent received 10,000 if service tax is applicable.
04 July 2011
1-FOR RENT RECEIVABLE
PARTY'S A/C Dr 11030
TO RENT A/C 10000
TO SERVICE TAX PAYABLE A/C 1030
2-FOR RENT RECEIVED
BANK A/C Dr 11030
TO PARTY'S A/C 11030
3-FOR PAYMENT OF SERVICE TAX TO GOVT.
SERVICE TAX PAY. A/C Dr 1030
TO BANK A/C 1030
PARTY'S A/C Dr 11030
TO RENT A/C 10000
TO SERVICE TAX PAYABLE A/C 1030
2-FOR RENT RECEIVED
BANK A/C Dr 11030
TO PARTY'S A/C 11030
3-FOR PAYMENT OF SERVICE TAX TO GOVT.
SERVICE TAX PAY. A/C Dr 1030
TO BANK A/C 1030
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