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Entry problem urgent..

This query is : Resolved 
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(Querist)
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
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Praveen Sharma

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Praveen Sharma (Expert)
28 July 2011 If you are claiming Cenvat, then pass the entry as per your query.
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MAHENDRA KUMAR BAGRECHA

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MAHENDRA KUMAR BAGRECHA (Expert)
28 July 2011 I agree with praveen
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
28 July 2011 Yes Praveen has given you the correct solution.
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