Fees professional


This query is : Resolved 

Quick Summary
This discussion explains the accounting entries for handling fees and GST when raising an invoice and receiving payment. When raising an invoice, you'll debit debtors and credit sales. For GST, you'll also credit GST payable. Upon receiving payment, you debit the bank account and credit debtors.

11 January 2023 What is accounting entry at the time of rasing a invoice and receipt in bank
Fees 100000 and gst is 18%

12 January 2023 At the time of raising invoice debit debtors and credit sales.
At the time of receipt debit bank and credit debtors.

12 January 2023 What is entry with gst

12 January 2023 At the time of raising invoice for GST, credit GST payable debit debtors.

16 January 2023 What is full entry done

16 January 2023 Debit debtors (invoice value)
credit sales (sale value exclusive of GST)
and credit GST payable (GST).


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details
Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details
Company
Featured 11 September 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details
Company
18 September 2026
Accounts & Finance Specialist

ULTRA CHEMICAL WORKS

Thane

CA Final

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details