JOURNAL ENTRIES
This query is : Resolved
pvsrikanth
(Querist)
15 July 2011
DEAR SIR,
I WANT JOURNAL ENTRY FOR CONTRACT WORK BILL AND SUB-CONTRACTWORK BILL ( WITH ALL DEDUCTIONS LIKE VAT, MOBILIZATION ADVANCE TDS CESS...ETC) IT MEANS WHAT IS THE EXACT JOURNAL ENTRY FOR RUNNING ACCOUNT BILL FROM GOVT. IF V GIVE SUB CONTRACT WHAT IS THE ENTRY. I MEAN TO BE RECIVABLE & TO BE PAYABLE.
I WANT JOURNAL ENTRY FOR CONTRACT WORK BILL AND SUB-CONTRACTWORK BILL ( WITH ALL DEDUCTIONS LIKE VAT, MOBILIZATION ADVANCE TDS CESS...ETC) IT MEANS WHAT IS THE EXACT JOURNAL ENTRY FOR RUNNING ACCOUNT BILL FROM GOVT. IF V GIVE SUB CONTRACT WHAT IS THE ENTRY. I MEAN TO BE RECIVABLE & TO BE PAYABLE.
CMA Ramesh Krishnan
(Expert)
17 July 2011
Dr: Bank a/c
Dr: TDS receivable a/c
Dr:Mobilisation advance a/c
Dr:VAT receivable a/c
Dr:Retention a/c
Cr:Customer a/c
Dr: Bank a/c
Dr: TDS receivable a/c
Dr:Mobilisation advance a/c
Dr:VAT receivable a/c
Dr:Retention a/c
Cr:Customer a/c
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