I RAISED SALES INVOICE TO DEBTOR GROSS 25000 +S.TAX 3090 TOTAL 28090 AND I RECE

I RAISED SALES INVOICE TO DEBTOR GROSS 25000 +S.TAX 3090
TOTAL 28090 AND I RECEIVED 27528 CHEQUE FROM DEBTOR HOW TO
ENTER THESE TWO ENTRIES IN TALLY AND HOW TO COMPARE
ACCOUNTING STATEMENT

Question Posted / j p v ramana rao

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I RAISED SALES INVOICE TO DEBTOR GROSS 25000 +S.TAX 3090 TOTAL 28090 AND I RECEIVED 27528 CHEQUE FR..

Answer / sumit kumar

It is based on contract service so debtor given after
deduct 2% TDS paid full payment

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4 Yes

0 No

I RAISED SALES INVOICE TO DEBTOR GROSS 25000 +S.TAX 3090 TOTAL 28090 AND I RECEIVED 27528 CHEQUE FR..

Answer / g.venkateswararao

first of all it is not a service invoice so in sales
invoice service tax is not applicable

if it is service invoice entry is::::

X a/c Dr 28090

To Repairs to plant and machinery a/c 25000
To service tax a/c 3000
To Ed shess on ST a/c 60
To Shed on ST a/c 30

(Being the expenditure incurred in relation to calibration
on Machinery fans )

Is This Answer Correct ?

2 Yes

1 No

I RAISED SALES INVOICE TO DEBTOR GROSS 25000 +S.TAX 3090 TOTAL 28090 AND I RECEIVED 27528 CHEQUE FR..

Answer / rajat rastogi

at the time of sale entry in books(sales voucher)
party dr 28090
to sales 25000
to output servicetax 3090

at the time of receipt the payment(receipt voucher)
1. bank a/c dr 27528
to party 27528
at the time of tds entry(journal voucher)
2. tds receivable 562
to party 562

Is This Answer Correct ?

1 Yes

0 No

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