Journal entry

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Querist : Anonymous

Querist : Anonymous (Querist)

16 December 2014
1. What will be the journal entry of service tax liability of Rs 1000 + 20 + 10

What is meaning of bank reconcilation & it's working.

Eagerly waiting for feedback.

Amol S Joglekar

Amol S Joglekar (Expert)
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16 December 2014 01. The entry is to be passed once the liability is paid.

02. Bank reconciliation is the staement containing the difference, if any, between the balance as per bank statement and balance as per our books of accounts.

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