Jigar (B.Com) (153 Points)
23 September 2021One of our Debtor XYZ (R.D.) has its GST Register Number.
Situation arise that sales on credit made under two different situation:-
1. Rs.3550/- Sales as TAX SALES on CREDIT (For Further Sale - As The party is Trader).
2. Rs.2500/- Sales as RETAIL SALES on CREDIT (For No Further Sales).
How to pass its Journal Entry to show the effect of both transaction in single LEDGER. (As we have to recive amount from single party only).
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 23 September 2021
A single entry for both the sale transactions can be made.
Why does the end use matter to you?
Jigar
(B.Com)
(153 Points)
Replied 27 September 2021
Because One is Retail (B2C) & Other is TAX (B2B) sales transaction
CAclubindia
