Total Due amount from Mr X is Inr 50,000. (Include GST) for providing Consultancy service from our end. Mr X has also provided contract service of Inr.40,000(Include GST) for decoration, and the balance amount adjusted out of pocket expenses. Pass necessary journal entries.
Didnt get. Out of pocket expenses.? Still assuming balance amt is adjusted through proprietor.
Proprietor account dr. 10000
To mr x account. 10000
Proprietor account dr. 10000
To mr x account. 10000
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