About manpower supply

hi, sir, I want to ask we supply manpower to ABC company that invoice made 25000rs.what is the journal entry? Manpower supply which list go to in accounting.

Replies (4)
Quick Summary
This discussion clarifies the accounting treatment for manpower supply services. If manpower supply is your primary business, invoices should be recorded under sales. The journal entry involves debiting the client's account and crediting sales, along with applicable GST (CGST/SGST or IGST). A separate ledger for 'Manpower Supply' should be created under the 'Sales' group. The conversation also briefly touches on the recipient's accounting perspective.

If Manpower Supply is your main business then it will go under sales

pass entry

ABC Company A/c Dr
To Manpower Supply ( Sales) A/c Cr
To CGST A/c Cr
To SGST A/c Cr
( Manpower supply Invoice No dt )

Create Manpower Supply ledger under Sales group. 

You can create journal: 

     XYZ A/c Dr. 

        To Manpower supply A/c

        To IGST/CGST/SGST A/c

 

 

Thanks for sharing, Top Placement Consultancy in Pune for Head Hunting & Manpower Recruitment Services

What in the books of Recipient?

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