pl. help for entry in tally for invoice give to party in labour service sector, invoice figure
labour charges - 117292 ,EPF - 15963, Insurance - 5571, S.Tax - 17162 , Total- 155988
Thx.
Tapodhan Zambare (clark) (28 Points)
28 April 2016pl. help for entry in tally for invoice give to party in labour service sector, invoice figure
labour charges - 117292 ,EPF - 15963, Insurance - 5571, S.Tax - 17162 , Total- 155988
Thx.
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(3303 Points)
Replied 05 May 2016
Debit party a/c with total amount (labour charges + EPF + Insurance + Tax )
and credit labour charges a/c and credit EPF payable + Insurance Payable + Tax payable accounts with their respective amounts
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