please tell the accounting entry in Tally
Consultancy service- Rs. 10000
Service tax raised- 1030
TDS dedcutible- Rs. 1103
What will be accounting entry in Tally.
regards,
pardeep kaushik
Pardeep Kumar (Accountant) (80 Points)
12 February 2012please tell the accounting entry in Tally
Consultancy service- Rs. 10000
Service tax raised- 1030
TDS dedcutible- Rs. 1103
What will be accounting entry in Tally.
regards,
pardeep kaushik
Devendra
(Chartered Accountant)
(4775 Points)
Replied 12 February 2012
Following entries are to be passed
Consultancy Exps A/c Dr. 10000
Input Service Tax A/c Dr 1030
To Sundry Creditor A/c 11030
(Being Bill Recorded)
Sundry Creditor A/c Dr. 1103
To TDS Payable A/c 1103
(Being TDS Payable on Consultancy services)
Regards,
Devendra Kulkarni
CAclubindia
