Interested to Buy Any Domain ? << Click Here >> for more details...
how will be the entry of service tax on freight?
- 2 Answers
- 11608 Views
- Polar, I also Faced
- E-Mail Answers
Answer Posted / sankar
Ex: Freight inwards Rs 10000 We will calculate service tax
10% on 2500 because 75% is abetment and 3% cess calculate
on service tax
Service tax - 250
Ed.cess - 5
Sh.Ed cess - 3
Total bill value is 10258
Entry is
Freight inwards a/c Dr 10000
Service tax a/c Dr 250
Ed.cess a/c Dr 5
Sh.Ed cess a/c Dr 3
to Party a/c 10258
| Is This Answer Correct ? | 19 Yes | 7 No |
Post New Answer View All Answers
what is journal entries for Vehicle loan settled with bank after Sale of the vehicle on profit or loss in case the party paid check direct to Bank .......???
1. The following data is available. Determine the Break Even point in Sales: Sales : $1,800,000/- Fixed Expenses : $ 375,000/- Variable Expenses : $ 1,200,000/-
Where a cash discount should be recorded in a journal entry?
Hi wht r da questions which are mostly asked in an Accounts related job for freshers?
If company invest Rs. 3,00,000 in Chit & Fund and later received with Profit Rs. 3,50,0000 = (Rs. 3,00,000 + 50,000 profit amount). Pls advise how to pass the profit amount...and in which head the profit amount goes
how to see reoprt of miro booking in SAP FI
What is journal entry for salary paid less deductions (e.g. fines for breaking a company's property)?
Explain in simple terms what is the difference between asset, equity, and liabilities?
Recent banking question for 2015 interview for scale2 exam of sbm
Tell me what is “deposit in transit”?
Unrealised profit will be debited to ?
If closing stock is given in adjustments, how we show in tally 9.0 ?
What is the difference between perpetual and periodic inventory systems?
what is addition of Opening Balance and net profit transfered from profit and loss account called
What is meant by public accounting?
