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
- 11210 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 |
what is ratio analysis
Non-performing Asset (NPA)
When we paid TDS on commission how will journal entry come
any body pls. tell me, if we purchase with credit card how to take into tally ( and) comes under which group for credit card purchases
why should we call profit and loss account in general we get profit either loss can we call that as profit or loss account?
Is buy or sale trade will impact on Nov? Yes/No Please explain.
hi every one i just want to know the entry for bank charges dt 31.3.2016 which deducted on 02.04.2016 kindly help me thank you raj
what is joint venture & venture capitaling
what is capital revenue and capital expenditure?
What is a Accounts Payable & Accounts Receivable..?
difference b/w trading a/c & manufaturing a/c.
i WANT TO KNOW WHAT IS THE INTEREST RATE IF WE CAN NOT PAY THE DEPOSIT SALE TAX AMOUNT WITH IN PERIOD
Audit 
