Entry problem urgent..
This query is : Resolved
27 July 2011
FRNDS PLS HELP
ONE OF MY FRND IS LIABLE TO PAY SERVICE TAX...
WHEN HE PAYS HIS TELEPHONE BILLS
ASSUME
BILL AMT = 1000
+ SER.TAX = 103
TOTAL DUE 1103
NOW WHAT SHUD BE THE ACCOUNTING ENTRY?/
IS IT
TELEPHONE EXP DR. 1000
SER. TAX DR. 103
TO VODAFONE 1103
& THEN
VODAFONE DR. 1103
TO BANK 1103
ONE OF MY FRND IS LIABLE TO PAY SERVICE TAX...
WHEN HE PAYS HIS TELEPHONE BILLS
ASSUME
BILL AMT = 1000
+ SER.TAX = 103
TOTAL DUE 1103
NOW WHAT SHUD BE THE ACCOUNTING ENTRY?/
IS IT
TELEPHONE EXP DR. 1000
SER. TAX DR. 103
TO VODAFONE 1103
& THEN
VODAFONE DR. 1103
TO BANK 1103
28 July 2011
If you are claiming Cenvat, then pass the entry as per your query.
28 July 2011
I agree with praveen
28 July 2011
Yes Praveen has given you the correct solution.
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
- Price inclusive or exclusive of GST while made entry in P& L Account
- TDS 194-T applicability
- Tds on commission charges
- Applicability of GST on Salary Reimbursement Component
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Dep. as per companies act
- Need Professional Opinion AY 2012-13 Old Demand
- Withdrawal in cash from partners capital account by partner
- CHECK RELATED
- New GST registration for new place of business.
- Tax rate change regarding
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
Quick Links
ARTICLESHIP
01 September 2026
Articles
Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
CA Foundation
View Details
ARTICLESHIP
07 September 2026
CA Articles
Kothari Jain Patil & Chartered Accountants
Pune
CA Inter
View Details
08 September 2026
Semi-Qualified Assitant
Subrahmanyam & Sivudu CA Firm
Hyderabad
CA Inter
View Details
CCI
Pro
CAclubindia
