Passig of journal entry


This query is : Resolved 

Quick Summary
A civil work bill of RS 100,000 was settled for RS 95,000 as full and final payment. The query asks how to journalise this difference, specifically if it should be treated as a discount received. A key point is that TDS was already deposited on the original RS 100,000 amount.

20 December 2023 A civil work bill raised amounting of RS 100000/- but the bill was settled for Rs 950000 as Full and final payment. shall the difference amount shown as discount received. What is the journal entries

21 December 2023 here You shown correct amount..??

21 December 2023 But the bill was previously entered and TDS deposited on one lakh


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
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details
Company
17 August 2026
Chartered Accountant with US GAAP Experience

Austin Med Solutions Pvt Ltd

Bengaluru

CA

View Details
Company
12 August 2026
Deputy Manager - Finance

RoamPrime Technologies Private Limited

Bengaluru

CA

View Details
Company
19 August 2026
PAID ARTCILE ASSISTANT

My Legal Tax Consultants Pvt. Ltd.

Noida

CA Inter

View Details
Company
14 August 2026
Article Assistant CA Articleship

Eshwar & Co Chartered Accountants - Nungambakkam

Chennai

CA Inter

View Details
Company
27 August 2026
ACCOUNTANT

CHARUPREETI & CO

Noida

Graduate (Any)

View Details
Company
19 August 2026
Chartered Accountant - Financial Consolidation & Reporting

Synergy Keystone

Mumbai

CA

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details