Interested to Buy Any Domain ? << Click Here >> for more details...
If ABC security service provider monthly bill for the month
of Jan is Rs.2,00,000/- including TDS 2% and Service Tax
12%, Edu.Cess 2% and SHE Cess 1% what is the journal entry.
- 3 Answers
- 12472 Views
- ABC, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / ziya anjum
there will be only one entry
that is
ABC secu.ser A/c ---Dr 170000
Service Tax A/c ---Dr 24000
Education Cs A/c ---Dr 4000
She Cess A/c ---Dr 2000
To TDS Payable A/c ---Cr 4000
To Bank/Cash A/c ---cr 196000
OR
1st Entry should be
Security Service charges A/c ---Dr 194000
Education cess A/c ---Dr 4000
She Cess A/c ---Dr 2000
To TDS Payable A/c ---Cr 4000
To ABC Security Serv ---Cr 196000
2nd Entry should be
ABC Sec.Ser A/c ---Dr 196000
TDS Payable A/c ---Dr 4000
To Bank/Cash ---Cr 200000
plz correct me if i wrong.
| Is This Answer Correct ? | 5 Yes | 2 No |
Answer / pothuraju
ABC secu.ser A/c ---Dr 174886
Service Tax A/c ---Dr 20986.3
Cess A/c ---Dr 630
To TDS Payable A/c ---Cr 3497.726
To Bank/Cash A/c ---cr 93004
How service provider will deduct TDS?
plz correct me if i wrong.
(here partial payment under service tax also applicable ser provider 25%,
Ser receiver 75%)
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / muna
1st entry:
ABC Security Rs.2,24,720/ Dr.
To Service Tax Rs.24,000 Cr.
To Security Service Rs.200000/-Cr.
To Edu. cess Rs.480/-Cr.
To SHEC Rs.240/-Cr.
2nd entry:
TDS Recoverable Rs.4000/- Dr.
Cash /Bank Rs.220720/- Dr.
To ABC Security Rs.2,24,720/- Cr.
| Is This Answer Correct ? | 4 Yes | 7 No |
Tell us did you use accounting applications at your previous companies or prefer working manually?
What are mis reports?
What is the maximum amount of Bank DD or PO we can make in INR?
What is the purpose of preparing a bank reconciliation and why is it necessary?
What is trial balance? What does an accurate trial balance suggest?
What is the difference between capital expenditure & revenue expenditure
What is Amalgamation?
What is purchasing order?
What is bond ? What is capital market?
what the three thing that can not make accounting statement balance?
IF MY SALARY IS RS.8000 P.M THEN I HOW MUCH I GET BY DEDUCTING P.F & ESI IF COMP DEDUCTS BOTH ESI & PF
6 Answers AEL, Globarena Technologies, Primaccess,
What is dd and a in oil and gas accounting?
Audit 
