Account entry
This query is : Resolved
21 December 2011
how to make account entry of following transaction:
1-Ms Kapoor raised an invoice for Rs 50000 on Media live production for services provoded.the terms of credit are 30 days.
2-MediaLive Production settled the bill for a final amount of Rs48000 by paying Rs20000 in cash and Rs28000 by Cheque.
1-Ms Kapoor raised an invoice for Rs 50000 on Media live production for services provoded.the terms of credit are 30 days.
2-MediaLive Production settled the bill for a final amount of Rs48000 by paying Rs20000 in cash and Rs28000 by Cheque.
21 December 2011
Media Live Production A/c Dr. 50,000/-
To Service Income 50,000/-
Bank A/c Dr. 20,000/-
Cash A/c Dr. 28,000/-
Discount A/c Dr. 2,000/-
To Media Live Production 50,000/-
To Service Income 50,000/-
Bank A/c Dr. 20,000/-
Cash A/c Dr. 28,000/-
Discount A/c Dr. 2,000/-
To Media Live Production 50,000/-
Guest
Guest
(Expert)
21 December 2011
In the above entry group shall be as under :
Media Live Production a/c : Sundry Debtors
Service : Income
Bank : Current Assets
Cash : Current Assets
Discount : Indirect Expenses
Media Live Production a/c : Sundry Debtors
Service : Income
Bank : Current Assets
Cash : Current Assets
Discount : Indirect Expenses
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Post Office RD Interest
- Building and other construction workers welfare cess act 1996
- Bank Accounts in Balance Sheet for ITR 3
- ITR validation error - Balance sheet is not filled
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Annual return of gst limit
- Form 10BD Filling
- Eway bill for machinery reparing
- TDS ON CASH WITHDRAWALS...
- Query regarding TDS on EPFO Higher Pension Arrears*
- Change the gender in the registration of icai
- Lift replacement entries in housing society
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
