Adjustment entry

A/c entries 886 views 4 replies

Dear Sir,

We have received one client invoce on 1 - 4- 2011 and that invoce had been booked as april -11 entry, payment amount is not yet paid , the thing is now that invoice has been changed on  5-09-2011, they gave us new invoice , now , how can i adjust these entry , that time it had been accounted and service tax also climed and tds payment has been done. What should i do now ? can cancele that entry ? Can anyone quide me how to pass this entry ?

thanks in Advance !!

Replies (4)

first mension why they are changed their invoice

This invoce is related to AMC contract , so the AMC  for whole year ! ,

Sir,

   In this case first Reversed entry passed for old invoice and pass new value

 Second thing Service tax ur client paid when u paid their payment only so that is no probl;em.

Third thing TDS adjusted should be new bill. If new invoice value high or low balance should deduct and paid for Balanceing amount( Differnce of previous invoice and new invoice)

i agree with shivkumar


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