a gst registered composite scheme dealer sales of medicines to customers two types
1.sales of medicines to customers (amount cash mode received)
2.sales of medicines to customers (amount online mode Google pay and phone pay etc mode received)
question:
1.how the accounting entry passed in books
2.cash and bank mode sales which accounting head names create.
Menu
Accounting entry and ledger names create
Replies (1)
Cash received will under Cash account ledger .
Bank , Google pay receipt will be Bank account ledger . Customers account under Trade Debtor's
Cash received entry
1) Cash A/c Dr
To Customer A/c Cr
( Being cash received sale of medicine )
2) Through Bank receipt
Customer A/c Dr
To Medicine sale A/c Cr
( Booking of medicine sales )
Bank A/c Dr
To Customer A/c Cr
( receipt of medicine sale ).
Bank , Google pay receipt will be Bank account ledger . Customers account under Trade Debtor's
Cash received entry
1) Cash A/c Dr
To Customer A/c Cr
( Being cash received sale of medicine )
2) Through Bank receipt
Customer A/c Dr
To Medicine sale A/c Cr
( Booking of medicine sales )
Bank A/c Dr
To Customer A/c Cr
( receipt of medicine sale ).
Recent Topic
- AIS UTILITY
- NPS Premature withdrawl -Tier 1 Account
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
Related Topics
CAclubindia
