Menu
Journal entry
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.
Replies (2)
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
This might be wrong
Recent Topics :
- On which amount 200% penalty under section 270A is
- RECEIVED INTIMATION U/S 399 FOR TDS PAYMENT ON PRO
- How do CA firms track SEBI/AMFI circulars and dead
- Jurisdictional validity of Sec 148 notice after fa
- Taxable Income or Not
- GST Input Tax Credit (ITC) on Camera Purchase &
- What makes CA Himanshu Singla different from other
- TAX TREATMENT AND ACCOUNTING ENTRIEOF PERQUISITES
- Gifting money to my father-in-law (my husband's da
- GSTR-1 JSON from marketplace exports (Myntra / Ama
Related Topics :
CAclubindia
