Accounting journal entry

3228 views 1 replies

hi.,

for Civil engineers provided construction services and raise bill to party with service tax, EC, SHSEC and TDS so

what's the entry for below transaction when bill raise.

ABC Enterprise raise bill to Apple wood Ltd.

For Building Construction Rs.5,00,000 ,Service Tax Rs.50000, EC Rs.1000. SHEC Rs.500 and TDS Rs. 55,150 

suggestion me for journal entry in the books of ABC Enterprise(Service Provider)

Replies (1)

Apple wood A/c Dr.                      4,96,350

TDS receivable A/c Dr.                    55,150

                      To service Income                                    5,00,000

                      To Service Tax payable                               50,000

                       To EC Payable                                               1,000

                       To SHEC Payable                                            500

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