Accounting of lumminous electric goods service station
This query is : Resolved
19 April 2013
Dear sir
I have a client
He is the authorised for service of luminous electrical goods like fan etc. He is recevied spare parts from the company. Not for sale only for customer goods service and spare part replacement. He is recevied 3000 pm from comany for office maintainence but not actually recevied company adjust against spare parts bill value . That amt paid for ist purchase only. After that which spare part replaced by our client. That part reimburesed by the company toour client. That procedure follow the no. Of years.so now tell me the accounting entries step by step. Thankyou in advance. How the purchase entry will be entered and after that reimburse ment entry. Parts remibursed on challan not on invoice
I have a client
He is the authorised for service of luminous electrical goods like fan etc. He is recevied spare parts from the company. Not for sale only for customer goods service and spare part replacement. He is recevied 3000 pm from comany for office maintainence but not actually recevied company adjust against spare parts bill value . That amt paid for ist purchase only. After that which spare part replaced by our client. That part reimburesed by the company toour client. That procedure follow the no. Of years.so now tell me the accounting entries step by step. Thankyou in advance. How the purchase entry will be entered and after that reimburse ment entry. Parts remibursed on challan not on invoice
03 June 2013
The company will raise the bills for spare parts and charge the VAT and as no bill is raised for services rendered during guarantee period so no ST
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
- Unregistered suppliers utility
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Difference between Date of Payment and Date of Deduction?
- RATE AND HSN CODE
- TDS AND ITR ISSUE
- GST Rate for Catering Services
- FCRA 6 E- Intimation
- EMI ISSUE IN HOUSING LOAN OLD REGIME
- The TDS balance for March 26 shows a mismatch between the books and the portal; what should be done
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
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
