varun (student) (96 Points)
19 January 2016i want to know what will be journal entry in a logistic company (CHA) for providing services. as comapny charges two type of amount from its clients. 1. for providing services 2. for payment at port on behalf of clients. the company generae invoices for the first transaction and debit note for the second transaction. thank you
ish kumar sharma
(Sr. Manager Accounts & Finance)
(301 Points)
Replied 19 January 2016
varun
(student)
(96 Points)
Replied 19 January 2016
please tell me complete entry.
i am not getting you
as per my knowledge
for the amount for which invoice is being generate
entry will be for service provided with applicable ST
party dr
to Sevice revenue
to sevice tax
and after getiing payment
cash or bank dr
to party
..my question is for debit note where no ST
and the amount of debit note is reimbursed by customer as being paid on behalf of customer....
and also tell me the said customeduty or port charges will be under which head,,in tally
thanks
CAclubindia
